Business News Northeast - Latest Business Northeast News & Updates

05 Sep

SMFG India Credit opens 1000th branch, celebrates with special cover & my stamp release

Business BureauBusiness

SMFG India Credit Co. Ltd., a prominent player in India’s Non-Banking Financial Company (NBFC) sector, has proudly announced the opening of its 1000th branch, located in Vashi, Navi Mumbai. This landmark event underscores the company’s unwavering commitment to expanding its footprint across the country and bringing financial services to underpenetrated markets. To mark this significant milestone, SMFG India Credit has collaborated with India Post to release a Special Cover & My Stamp. The official unveiling was graced by the presence of Mr. YAGI Koji, Consul-General of Japan in Mumbai, Mr. Abhijeet Bansode, Director - Postal Services (HQ) Maharashtra Circle, alongside…

05 Sep

MakeMyTrip’s report reveals Indian travelers’ growing appetite for International adventures

Business BureauBusiness

MakeMyTrip, India's leading online travel company, has unveiled its latest report, "How India Travels Abroad," covering trends from June 2023 to May 2024. The report highlights a 32% surge in Indians taking two or more international trips annually, reflecting the country's increasing enthusiasm for global travel. Notably, 50% of international bookings are made less than 14 days before departure, indicating a rise in impulsive travel habits. Rajesh Magow, Co-founder and Group CEO of MakeMyTrip, noted the growing confidence among Indians to explore new destinations, fueled by rising incomes and greater exposure to global cultures. The report identifies UAE, Thailand, and…

05 Sep

World Bank expansion India’s FY25 GDP forecast to 7% from 6.6%

Business CorrespondentBusiness, News

The World Bank has revised its growth forecast for India, raising it to 7% for fiscal year 2024-25, up from its earlier estimate of 6.6%. The adjustment reflects the strong performance of the Indian economy, which was the fastest growing major economy with a growth rate of 8.2% in FY24.Looking ahead, the World Bank apprehend India's medium-term outlook to remain positive, with strong inflation projected for FY26 and FY27. Koume highlighted the importance of diversifying India's export basket and leveraging global value chains to achieve $1 trillion merchandise exports by 2030."India needs to diversify its export basket and leverage global…

04 Sep

Paint stocks upsurge 6% on falling crude prices; Asian Paints reaches 8 month high

Business CorrespondentBusiness, News

Indian paint stocks rose today despite major indices trading in negative territory due to weak global cues. The rise in paint stocks came after a sharp fall in crude oil prices during Tuesday's session, driven by concerns over weak demand.Shares of Indigo Paints jumped 6 percent, reaching their highest level since late July. Asian Paints also rose 3 percent to an eight-month high. Berger Paints (India) stock rose 2.6 per cent to ₹591.80 per share, while Kansai Nerolac Paints and Akzo Nobel India gained 2.5 per cent and 1.1 per cent, respectively.Similarly, Shalimar Paints ended two-day losing streak with a…

03 Sep

Moonjyoti Saikia: A Visionary Leader in the Media Industry

Business BureauBusiness

The media industry is one of the most challenging businesses to succeed in. It’s a field full of challenges, Where generating revenue and meeting return on investment (ROI) is challenging and staying profitable is tough. This profession is not easy, especially when it involves learning an entirely new set of skills. To achieve success, one must work hard and make many sacrifices. Over time, experience and expertise grow, and those who persevere often become leaders and inspirations for future generations. Assam has its share of such successful individuals, and one of them is Moonjyoti Saikia. Moonjyoti Saikia has been the…

03 Sep

Ujjivan SFB launches new campaign: ‘Banking Jaise Meri Marzi’ promises ease and convenience

Business BureauBusiness

Ujjivan Small Finance Bank (Ujjivan) has unveiled its latest brand campaign titled 'Banking Jaise Meri Marzi, Ujjivan makes it easy-easy,' highlighting the bank’s commitment to offering convenient and hassle-free banking solutions. The campaign, which launches on September 02, 2024, features a catchy jingle and will be promoted across various digital platforms, including Web, OTT Channels, and Social Media, as well as in Ujjivan branches. The new campaign aims to transform the customer perception of banking from a cumbersome task to an effortless experience. With its engaging jingle and appealing visuals, the campaign showcases Ujjivan’s dedication to providing accessible banking services…

03 Sep

Toyota and Union Bank pave the way for the future of vehicle financing

Business BureauBusiness

In a landmark move that signifies a new chapter in vehicle ownership, Toyota Kirloskar Motor (TKM) and Union Bank of India have announced a transformative partnership aimed at reshaping the landscape of vehicle financing. This collaboration introduces up to 90% financing on the on-road price of Toyota vehicles for private use, eliminating traditional barriers such as foreclosure or part-payment charges. The future of mobility is being redefined with the launch of the Union Vehicle Scheme and the Union Parivahan Scheme. The Union Vehicle Scheme offers flexible tenures up to 84 months with competitive interest rates starting at 8.80% per annum,…

03 Sep

LPG price hike: OMC increased the prices of 19 kg commercial LPG cylinder by Rs 39 from September 1. The current price in Delhi is Rs 1,691

Business CorrespondentBusiness, News

Oil marketing companies (OMCs) have increased the price of 19 kg commercial LPG cylinder by Rs 39 from September 1. After this hike, the retail price of a 19 kg commercial LPG cylinder in Delhi is now Rs 1,691.50.The sudden inflation in LPG prices is likely to impact businesses across sectors ranging from restaurants and hotels to small-scale industries as consumers grapple with increasing costs.Earlier, OMC had reduced commercial LPG gas cylinder prices by Rs 30 on July 1 to provide relief to businesses and commercial establishments. Due to this cut, the retail price of 19 kg commercial LPG cylinder…

02 Sep

Air India Express adds Agartala as Its 46th destination, launches five new routes

Business BureauBusiness

Air India Express has further expanded its network by introducing Agartala, the capital of Tripura, as its 32nd domestic destination. The airline launched daily direct flights from Agartala to Guwahati and Kolkata, along with new routes connecting Hyderabad to Guwahati, Bengaluru to Vijayawada, and Bengaluru to Indore, all of which commenced operations on Sunday. The addition of Agartala strengthens Air India Express’s presence in the northeastern region, providing 14 weekly flights from the city with convenient one-stop connections to major hubs like Delhi, Chennai, and Bengaluru. Kolkata plays a pivotal role in this expansion, with Air India Express now operating…

02 Sep

HDFC ERGO rolls out crop insurance scheme in Tripura for Kharif season

Business BureauBusiness

HDFC ERGO General Insurance Company, a prominent player in India's insurance sector, has been selected by the Government of Tripura to roll out the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the Kharif 2024 season. The scheme will provide comprehensive crop insurance for loanee and non-loanee farmers in the districts of Dhalai, Gomati, Khowai, South Tripura, and others, offering financial protection against a spectrum of agricultural risks. Under this initiative, Aman paddy, the primary crop in these districts, will be insured for ₹85,922 per hectare, with a farmer contribution rate of 2%. The cut-off date for enrollment is August 31,…