Business News Northeast - Latest Business Northeast News & Updates

31 Aug

Byatikram to celebrate Bhupen Hazarika’s 98th birth anniversary in Tripura

Business BureauBusiness

Byatikram to celebrate Bhupen Hazarika's 98th birth anniversary in Tripura Byatikram MASDO, one of the premiere socio-cultural organization in collaboration with the Information and Cultural Affairs Department of the Government of Tripura and News Bengal 365 is all set to celebrate the 98th birth anniversary of Bharat Ratna Dr. Bhupen Hazarika in Agartala, Tripura. The event will start at 5 pm on September 7 at the Town Hall of Agartala. To announce the same, a press meet was organized on August 31 at Gauhati Press Club, Ambari in presence of Singer Samar Hazarika, Dawor Hazarika, Jayati Bhattacharjee, Pranita Talukdar, Tanisha…

31 Aug

Bank credit growth expansion to 15.1% by July, deposits lag: RBI

Business CorrespondentBusiness, News

According to the RBI, growth in credit card outstanding slowed to 22 percent to Rs 2.75 lakh crore from 32.4 percent a year ago.Non-food bank credit is projected to grow 15.1 percent by July 2024 to Rs 162.92 lakh crore by July 2024, compared to 14.7 percent a year ago, according to the latest RBI data.However, RBI data showed that banks' deposit growth slowed by 11.3 percent to Rs 213.28 lakh crore. With deposit growth slowing, banks are racing to raise funds through special deposit schemes and other innovative schemes to meet the credit demand in the system. Many banks…

31 Aug

Tata AIA’s Sampoorna Raksha promise: A lifeline for families in times of need

Business BureauBusiness

Tata AIA Life Insurance has introduced a revolutionary term insurance plan, Sampoorna Raksha Promise, designed with heartfelt consideration for families facing life's unexpected challenges. This new plan goes beyond standard insurance, offering tangible support and peace of mind when it’s needed the most. Imagine the comfort of knowing that, in the event of a loved one’s death, your family will receive an immediate payout of INR 3 lakhs to cover urgent expenses. Sampoorna Raksha Promise ensures this vital support, along with a unique feature that provides 50% of the base sum assured if diagnosed with a terminal illness, all while…

30 Aug

Bandhan Bank contributes to Tripura flood relief fund

Business BureauBusiness

Bandhan Bank has stepped up to support Tripura's flood relief efforts with a contribution to the Chief Minister's relief fund. The donation was formally presented in a ceremony attended by Dr. Manik Saha, the Hon'ble Chief Minister of Tripura, alongside senior officials from the bank. The bank's gesture comes in response to the severe flooding that has impacted various parts of the state, causing widespread damage and displacement. This financial aid is aimed at bolstering the ongoing recovery and rehabilitation efforts, providing essential support to affected communities. In a statement, a Bandhan Bank spokesperson said, "Our contribution reflects our commitment…

30 Aug

ICICI Prudential Life Insurance AUM surpasses Rs 3 lakh crore milestone

Business BureauBusiness

ICICI Prudential Life Insurance Co. Ltd. has reached a landmark achievement, with its Assets Under Management (AUM) soaring past the ₹3 lakh crore mark, standing at ₹3.14 lakh crore as of July 31, 2024. This milestone underscores the company’s consistent growth and the deep trust customers place in its financial products. Anup Bagchi, Managing Director and CEO of ICICI Prudential Life Insurance, expressed his pride in this accomplishment, stating, "This milestone is a testament to our customers' confidence in our ability to secure their financial futures. Our focus on simplifying life insurance and maintaining a stringent investment philosophy has driven…

29 Aug

Indian snacks maker Bikaji says it is ‘not for sale’ amid investor interest in Indian snacks market

Business CorrespondentBusiness, News

Indian snacks maker Bikaji Foods is "not for sale" and is instead aiming to capitalize on the growing appetite for gourmet brands in the world's most populous country, a top executive told Reuters.The Indian salty snacks sector has grown rapidly in recent years as consumers increasingly splurge on packaged foods.“Bikaji is not for sale. No matter what price anyone offers, there are few things that are not for sale,” Chief Operating Officer Manoj Verma had said that earlier this month, without disclosing whether the company had received buyout offers.His comments came after India's Tata Group and a consortium including Blackstone…

29 Aug

LG Electronics launches Life’s Good Scholarship Program to support higher education

Business BureauBusiness

LG Electronics India has announced its flagship CSR initiative, the Life’s Good Scholarship Program, aimed at providing financial support to students across 200 colleges in India. The program, launched at LG’s Corporate Office in Noida, underscores the company's commitment to enhancing educational opportunities, with a special focus on promoting girl child education. The Life’s Good Scholarship Program is designed for students in any academic year of higher education who meet the eligibility criteria of achieving at least 60% in their previous class. The scholarships will be distributed based on need and merit, with 25% reserved for students from modest backgrounds…

29 Aug

Vi extends prepaid validity, offers relief for flood-hit Tripura residents

Business BureauBusiness

In response to the devastating floods in Tripura, telecom operator Vi has announced measures to support affected residents by extending the validity of prepaid services and providing additional talk time and data. This initiative is aimed at ensuring that customers remain connected during this critical time. Vi is offering a 5-day extension of prepaid validity for selected customers in the flood-affected areas. Additionally, to further enhance connectivity, the company is providing 1GB of extra data and free outgoing minutes at no additional cost. These relief measures are effective immediately and target customers in the hardest-hit regions. Vi's network teams are…

28 Aug

LTIMindTree shares jump 8%; Kotak raises stock price target amid Nifty exclusion

Business CorrespondentBusiness, News

Kotak expects LTIMindTree to post revenue growth of 6.5 per cent in FY2025, which could improve from 4.4 per cent in FY2026 to 11 per cent in FY2024 due to improvement in the two largest verticals – BFSI and hi-tech .LTIMindtree, which is one of the stocks to be dropped from the Nifty 50 in the September restructure, saw its shares rise 8 per cent in Wednesday trade after Kotak Institutional Equities upgraded its rating to 'ADD' from 'Reduce' earlier. ' and upgraded its target price. Rs 6,200 from Rs 5,500 earlier, it said, adding that IT major would be…

27 Aug

Tata AIA expands insurance awareness drive in West Bengal

Business BureauBusiness

Tata AIA Life Insurance has taken significant strides to increase insurance awareness and penetration in West Bengal, aligning with the Insurance Regulator's vision of ‘Insurance for All by 2047’. As the leading insurer in the state, Tata AIA has implemented a comprehensive strategy that involves various initiatives to reach a wider audience and promote the benefits of life insurance.One of the company's key strategies has been to organize career opportunity presentations for aspiring life insurance advisors. These events have attracted a significant number of attendees, many of whom have decided to join Tata AIA's agency force. This not only strengthens…