Business News Northeast - Latest Business Northeast News & Updates

02 Apr

India Predicts Searing Heat in Threat to Lives, Power Supply

Business CorrespondentBusiness

India forecast hotter-than-usual temperatures over the coming months, increasing the grave concern over the risk of water shortages, crop damages as well as rise in coal use to curtail power blackouts in the planet's most populous nation. The forecasting results comes at a time when the country is preparing for general elections between mid-April and early June - a period when the mercury often crosses 45C (113F). There could be a increased threat to human lives as heat strokes, which kill dozens of people every year in the South Asian nation, could hit participants at political rallies. Climate change is…

02 Apr

Samsung to launch Galaxy M55 5G and Galaxy M15 5Gwith Segment- Leading Features on April8

Business BureauBusiness

Samsung, India’s largest consumer electronics brand, is all set to launch Galaxy M55 5G and Galaxy M15 5G smartphones on April 8. The latest additions to the immensely popular Galaxy M series feature several segment-leading features and exciting innovations. The Galaxy M55 5G and Galaxy M15 5G are both flagship smartphones with a premium design, featuring a 4nm-based Snapdragon 7 Gen1 processor for fast and efficient connectivity. The M55 5G is available in Light Green and Denim Black, while the M15 5G is available in Celestine Blue, Stone Grey, and Blue Topaz. The 5000 mAh battery of the M55 5G…

30 Mar

Current high interest rates make this the right time to invest in a pension product

Business BureauBusiness

Market experts predict a decline in India's interest rates from around 7% in the coming months, providing customers with an opportunity to lock in their annuity investments at the current rate. Pension or annuity products offered by life insurance companies provide guaranteed, regular lifelong income. These products are locked-in at purchase, making them ideal for retirees who prefer steady income without interest rate fluctuations. As interest rates are expected to fall, customers can lock in their investment at the current interest rate. The ICICI Pru Guaranteed Pension Plan Flexi stands out among annuity products as it helps customers build a…

30 Mar

India should consider ‘Harm Reduction’ as an alternative agenda item for tobacco control

Business BureauBusiness

Panama hosted the Conference of the Parties tenth session (COP10), under the WHO Framework Convention for Tobacco Control, focusing on demand reduction, supply reduction, and harm reduction. The conference explored advanced technology, environmental impact, and enforcement of laws against the tobacco industry, emphasizing public health rights. In India, the key focus should be on scientific harm reduction strategies and explore cutting-edge technology with policymakers worldwide. A risk-based approach, regulating products based on toxicants, should be considered instead of implementing a blanket ban. By integrating better and safer alternatives and prioritizing the reduction of smoking prevalence, India can work towards diminishing…

30 Mar

Federal Bank expands Northeast presence with 5 new branches

Business BureauBusiness

In a move to bolster its presence in the Northeast region, Federal Bank inaugurated five new branches today. These branches, strategically located in Bijoyanagar (Assam), Dharmanagar (Tripura), Karimganj (Assam), Kolasib (Mizoram), and Naharlagun (Arunachal Pradesh), underscore the bank's commitment to providing comprehensive financial services to the region. The digital inauguration, led by Shyam Srinivasan, MD & CEO of Federal Bank, marked a milestone in the bank's expansion plans. With this development, the bank is poised to reach a total of 1500 banking outlets by the end of the fiscal year 2024.Sabu R S, Senior Vice President and Zonal Head, Kolkata…

29 Mar

Tata Motors unit, HPCL join hands to install 5,000 vehicle charging stations by 2024-end

Business CorrespondentBusiness

The auto major said that its electric mobility unit, Tata Passenger Electric Mobility (TEPM) has signed a memorandum of understanding (MoU) with Hindustan Petroleum Corporation (HPCL) to establish 5,000 electric vehicle charging stations across India. The partnership will leverage HPCL's widespread fuel station network and TPEM's insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at places frequently visited by Tata EV owners. Additionally, HPCL will collect insights on charger usage to enrich the customer experience. The MoU between TPEM and HPCL focuses to explore teamwork between the two companies to motivate more customers to…

29 Mar

Upstox’s ‘Cut the Kit Kit’ campaign spearheads investor education and empowerment

Business BureauBusiness

Upstox has announced its ambitious campaign, 'Cut the Kit Kit, Get in the Market', signaling a paradigm shift in investor education and empowerment.In response to the pervasive challenges hindering investor success, Upstox aims to streamline the investment journey by providing users with clear, concise guidance amidst the market cacophony. The campaign, developed in collaboration with Lowe Lintas, underscores Upstox's commitment to investor education and empowerment. Through a series of captivating films, the campaign vividly portrays the bewildering noise and clutter encountered by investors in their pursuit of financial growth. These films serve as a powerful narrative, illustrating how Upstox's intuitive…

29 Mar

Defender OCTA Unveiled: Redefining Toughness, Capability, and Luxury

Business BureauBusiness

Original British adventure brand Defender will introduce a new high-performance, all-terrain hero in 2024: New Defender OCTA. The new flagship Defender will be the toughest, most capable and luxurious model in the line-up, charting new territory for the brand. The Defender OCTA will feature V8 Twin Turbo mild-hybrid petrol power and 6D Dynamics air suspension, providing exceptional performance across all terrains, offering unparalleled comfort and composure. The Defender OCTA uses hydraulic interlinked 6D Dynamics technology for pitch and roll control, ensuring a level stance during acceleration, braking, and cornering, while maximizing independent wheel travel and articulation on challenging off-road terrain.…

29 Mar

HDFC Bank partners with CEE and GMC inaugurate Material Recovery Facility (MRF) at Adabari, in Guwahati

Business CorrespondentBusiness

HDFC Bank, in partnership with Guwahati Municipal Corporation (GMC) and Centre for Environment Education (CEE) inaugurated Material Recovery Facility (MRF) at Adabari, Guwahati, Assam. One of the main components of the project is the creation of a Swachh Centre - Material Recovery Facility (MRF) at the Guwahati Municipal Corporation (GMC) site in ITI, Machkhowa. This MRF will make use of advanced technology to sort waste more effectively and recover valuable resources from mixed waste streams, thus promoting sustainable waste management practices in the city. An MRF optimises waste sorting to maximise resource recovery. It employs advanced technology to extract value…

28 Mar

Adani family infuses Rs 6,661 crore in Ambuja Cement, takes total stake in company to 66.7%

Business CorrespondentBusiness

Gautam Adani's family has invested Rs 6,661 crore in Ambuja Cements in order to raise their stake in the company by 3.6% to attain 66.7% holding. This follows the investment of Rs 5,000 crore invested by the promoter of the company for exercising the warrants issuance approved by the board of the Company in October 2022. "This strategic move underscores unwavering commitment to have robust capital management philosophy for the portfolio companies and the latest investment testifies the commitment by Adani family to boost future prospects and potential of cement vertical," Ambuja Cements said in a regulatory filing. "The additional…