Business News Northeast - Latest Business Northeast News & Updates

28 Sep

PNB gain Rs 5,000 crore through QIP issue

Business CorrespondentBusiness, News

New Delhi: Public sector Punjab National Bank (PNB) has raised Rs 5,000 crore by issuing equity shares to qualified institutional investors.PNB said in a statement that, The bank allotted around 48.19 crore equity shares at an issue price of Rs 103.75 per share, which was at a discount of 4.96 percent to the floor price of Rs 109.16 per share.The bank said its QIP issue is open for subscription from September 23 to 26, 2024.The bank said that "The Bank received bids of Rs 41,734 crore for the QIP issue from qualified institutional buyers (QIBs), including mutual funds, foreign portfolio…

28 Sep

Tata AIA announces NIFTY Alpha 50 Index Fund to drive growth and protection

Business BureauBusiness

Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India's leading life insurers, has introduced Tata AIA NIFTY Alpha 50 Index Fund through its unit linked insurance products, which is an open-ended New Fund Offering (NFO) with an alpha investing strategy to benefit from potential growth while securing their loved ones with the protection of a life insurance cover. The NFO will remain open until September 30th, 2024, with units offered at an NAV of Rs. 10 per unit during the NFO period. The fund will focus on high performing stocks i.e. the top 50 performing stocks that constitute…

28 Sep

Shopsy announces Big Billion Days trailer sale, boost festive shopping in Bharat

Business BureauBusiness

Shopsy, Flipkart’s rapidly growing hyper-value e-commerce platform, is amplifying the festive spirit with its Big Billion Days Trailer Sale, running from September 20 to 26. Following the success of the Grand Shopsy Mela, which saw record user engagement, this trailer offers early access to discounts on over 10 million products. The sale features enticing offers, including over 50% discounts and daily Re. 1 deals on lifestyle and accessories. Business Head Prathyusha Agarwal emphasized Shopsy's commitment to inclusivity, stating, “We aim to ensure that budget constraints do not hinder families from enjoying the festivities.” With increasing demand from tier 2 and…

28 Sep

ICICI Prudential launches Signature Pension to boost retirement savings

Business BureauBusiness

ICICI Prudential Life Insurance has launched ‘ICICI Pru Signature Pension’, a market linked pension product enabling customers to build a cost and tax efficient retirement fund. Retirement planning is a crucial activity and a must for all customers to be financially independent. This unique product helps customers to effectively plan for both the accumulation and income generation phases of retirement planning. Market linked retirement savings plan with the option of upto 100% equity exposure. Tax-free withdrawal of up to 60% of the fund value. Flexibility to make partial withdrawals to meet unexpected financial needs. Waiver of premium add-on benefit ensures…

28 Sep

Toyota Kirloskar Motor’s modified Hilux pioneera the future of mobility at Himtech 2024

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has showcased special-purpose Hilux (modified with the support of an authorized external vendor) at the Himtech 2024 symposium, organized by the Indian Army jointly with FICCI (Federation of Indian Chambers of Commerce & Industry). Moving towards the national goal of “Raksha Atamanirbharta’, and to provide the defense forces with access to the best equipment and solutions available, these two organizations (Indian Army & FICCI) have collaborated for "HIMTECH 2024" with an emphasis on utilizing military technology for high altitude areas (HAA). The event, held at the Rinchen Auditorium Grounds, Leh, Ladakh, on 20th and 21st September…

27 Sep

Byatikram MASDO celebrates women’s safety with a tribute to Bandana Baruah

Business BureauBusiness

In a tribute to the late social worker Bandana Baruah, Byatikram MASDO hosted a day-long event, "Ensuring Safety of Women: A Call to Action," at NEDFi Hall. The event, attended by leaders from various fields, highlighted the pressing issue of women’s safety and empowerment. The program began with an emotional tribute from Smt. Krishna Baruah, Deputy Commissioner of Baksa, who honored her mother’s legacy. “My mother worked tirelessly for the safety and empowerment of women. I’m grateful to Byatikram for recognizing her contributions,” she said. Byatikram MASDO advisor and singer Manisha Hazarika announced that starting next year, an annual award…

27 Sep

Sugar companies’ stocks rise up to 8% on expectations of hike in MSP and rise in ethanol prices; Shree Renuka and Balrampur Sugar gain the most

Business CorrespondentBusiness, News

Sugar stocks jumped significantly in intraday trading on Friday, September 27, following remarks by Indian Food Minister Pralhad Joshi. On Thursday, Joshi indicated that the government was considering raising ethanol prices for the 2024-25 season, as well as reviewing the minimum selling price of sugar and sugar exports for the same period.The minister said a committee of secretaries is currently discussing the proposal to increase the minimum selling price of sugar."We are optimistic about sugar production for the 2024-25 season starting in October," Joshi told reporters on the sidelines of the India Sugar and Bio-Energy Conference organised by the Indian…

27 Sep

Godrej Agrovet launches a farming advisory helpline

Business BureauBusiness

Godrej Agrovet Limited (GAVL), one of India’s largest diversified food and agri-business conglomerate, has recently announced the launch of ‘Hello Godrej’, a multilingual farming advisory helpline to provide real-time expert solutions for crop protection over a phone call. To be accessible to farmers across the country in eight regional languages—Hindi, Marathi, Kannada, Telugu, Tamil, Bengali, Punjabi, and English, this new initiative is in sync with the company’s endeavor of improving farm productivity by handholding and being there with the farmers whenever they need on ground or over a call. Commenting on the initiative, Balram Singh Yadav, Managing Director, Godrej Agrovet…

27 Sep

For Flipkart Big Billion Days Nothing announces lowest ever prices with discounts of more than 50% on Nothing and CMF Product Lineup

Business BureauBusiness

London-based consumer tech brand, Nothing, the fastest-growing smartphone brand in the country with 567% growth in H1 2024, announced incredible discounts on the latest and most sought-after Nothing and CMF products, for upcoming Flipkart Big Billion Days. Nothing Phone (2a) and Nothing Phone (2a) Plus will be available at the lowest ever price of ₹18,999 (including a bank discount of ₹1,000) and ₹23,999 (including a bank discount of ₹2,000), respectively. The Phone (2a) features the Dimensity 7200 Pro processor and a 5,000 mAh battery with 45W Fast Charging. The Phone (2a) Plus, powered by the MediaTek Dimensity 7350 Pro 5G…

27 Sep

Bajaj Allianz Life and ICICI Lombard champion insurance awareness in Tripura

Business BureauBusiness

Bajaj Allianz Life Insurance and ICICI Lombard General Insurance have taken significant strides in enhancing insurance awareness and access in Tripura. The recent third meeting of the Tripura State Level Insurance Committee (SLIC) highlighted progress under the State Insurance Plan, aimed at reaching the uninsured population. As lead insurers for life and non-life segments, Bajaj Allianz and ICICI Lombard are committed to advancing financial literacy through targeted campaigns and community initiatives. Anil PM, Head of Legal and Compliance at Bajaj Allianz, emphasized the company's dedication to educating diverse groups, ensuring everyone understands the importance of financial security. ICICI Lombard’s Executive…