Business News Northeast - Latest Business Northeast News & Updates

04 Jul

Tata Motors announces record performance and strategic moves at 79th AGM

Business BureauBusiness

Tata Motors Ltd. held its 79th Annual General Meeting (AGM) today, where Chairman N. Chandrasekaran detailed the company's robust performance in FY24 and outlined strategic initiatives for future growth. Amid global geopolitical turmoil and persistent inflation, Tata Motors has demonstrated resilience, capitalizing on India's growth and stability. The Chairman highlighted the company's alignment with major global shifts, including green mobility, resilient supply chains, and digital acceleration. Tata Motors reported a consolidated revenue of ₹437.9K crore, with a net profit of ₹31.8K crore, marking a significant year-on-year increase. The India automotive business is now debt-free, and JLR is expected to follow…

04 Jul

TKM maintained its strong sales momentum, achieving a 40% growth in June 2024

Business BureauBusiness

Toyota Kirloskar Motor maintained its strong sales momentum, achieving a 40% growth in June 2024 by selling 27,474 units. This includes domestic sales of 25,752 units along with 1,722 units of exports. In May 2023, TKM had sold 19,608 units. The company experienced a 47% growth in sales in the first six months of 2024 compared to the previous year, selling 1,50,250 units from January to June 2024, and 1,02,371 units in the same period in CY 2023. Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “Operating under the brand "Toyota U-Trust” our aim is…

04 Jul

NESFB launches major hiring drive to boost regional employment

Business BureauBusiness

North East Small Finance Bank (NESFB) has announced a significant hiring initiative, aiming to recruit over 200 new employees by September 2024 in its first phase. The recruitment drive spans various locations, including Guwahati, Lakhimpur, Nalbari, Tezpur, Jorhat, Diphu, Dibrugarh, Kokrajhar, Kamrup, Shillong, Siliguri, Agartala, and Aizawl. NESFB is seeking candidates for the roles of Relationship Officer - Assets and Relationship Officer - Liabilities. Candidates with a bachelor's degree and 0-3 years of experience in the banking industry are encouraged to apply. This initiative underscores the bank's commitment to employment generation and skill development in the Northeast. Satish Kumar Kalra,…

03 Jul

Kotak Mahindra Bank is expanding its SME business in Kolkata

Business BureauBusiness

Kotak Mahindra Bank has announced plans to significantly expand its SME business in Kolkata, recognizing the city as a critical hub for trade and commerce in Northeast India. Shekhar Bhandari, President-SME, emphasized Kolkata's pivotal role in the bank’s strategic growth plans for the East region. The city's diverse sectors, including iron and steel, biotechnology, coal, leather, jute products, tea, IT, and gems and jewelry, make it a prime focus for the bank's expansion efforts. The East region represents a vital market with significant growth potential for Kotak Mahindra Bank. The bank is committed to expanding its footprint over the next…

03 Jul

DNEG Group Raises $200 Million for Cutting-Edge Visual Entertainment Advancements

Business BureauBusiness

The DNEG Group (“the Group”), the London headquartered world-leader in visual entertainment technology and services, announced that United Al Saqer Group (“UASG”) will make a strategic investment of $200 million in the Group, at a total enterprise valuation in excess of $2 billion.The DNEG Group, a leading provider of visual effects (VFX) services, is set to expand its services to include sector-agnostic content production and AI-powered technology. The investment by UASG will accelerate the group's strategy of innovation and diversification, ensuring continued technology and creative leadership in the rapidly evolving media & entertainment sector. His excellency Ahmed Jasim Al Zaabi,…

03 Jul

Coca-Cola India and Skill India’s super power retailer program empowers 14,000+ retailers in Odisha

Business BureauBusiness

Coca-Cola India, in partnership with the National Skill Development Corporation (NSDC), has empowered over 14,000 retailers in Odisha through the Super Power Retailer Program. Launched by Union Minister Dharmendra Pradhan, the program has revolutionized the state's retail sector, focusing on skill enhancement and economic empowerment. Ved Mani Tiwari, CEO of NSDC, highlighted the program's role in equipping retailers with essential skills tailored to modern market demands. He emphasized its contribution to fostering entrepreneurship and bolstering local economies. Irene Tan, Vice President of Human Resources at Coca-Cola India & Southwest Asia, emphasized the program's inclusive approach, noting its impact on diverse…

03 Jul

Varanasi calls for global innovators to improve crowd flow management

Business BureauBusiness

As part of the Toyota Mobility Foundation’s $9m Sustainable Cities Challenge, Varanasi has launched a global call for innovators to find data-driven solutions to make the city safer for the millions of people who visit every year for pilgrimage. The Varanasi Challenge is looking for solutions that will allow the city to better manage the growing influx of annual visitors, while making the city more accessible for tourists and local residents, particularly older people and people with disabilities. Varanasi is inviting global innovators to develop crowd management solutions for its ancient spiritual center, Kashi, as part of the Sustainable Cities…

03 Jul

Tata Motors’ Nexon and Punch dominate India’s SUV market, hit milestones

Business BureauBusiness

Tata Motors has solidified its dominance in the Indian SUV market with its flagship models, Nexon and Punch. For the third consecutive year, the Nexon has been ranked as the #1 SUV, celebrating its 7th anniversary with a milestone of 7 lakh units sold. The Punch follows closely, securing the #2 spot for FY24 and becoming the top-selling car in March and April 2024. Both models have received prestigious 5-star BNCAP ratings, with Punch.ev being lauded as India’s safest EV. The compact SUV segment, known for its fierce competition, has seen remarkable growth, and Tata Motors continues to lead with…

02 Jul

Rajesh Toyota achieves CII GreenCo gold rating

Business BureauBusiness

Rajesh Toyota, part of Toyota Kirloskar Motor (TKM), has set a significant precedent by clinching the prestigious GreenCo Gold Rating from the Confederation of Indian Industry (CII) Green Business Centre, marking a pioneering feat among Indian automotive dealerships. Rajesh Toyota’s journey to sustainability shines through its robust environmental practices, celebrated under Toyota's ambitious Environmental Challenge 2050. The dealership has excelled in energy efficiency, waste management, and water conservation, leading to a commendable 31.27% reduction in scope 1 and 2 emissions since 2019. Notably, Rajesh Toyota boasts a remarkable 90.5% renewable energy usage and has significantly cut down waste generation per…

02 Jul

Minister Jayant Chaudhary highlights entrepreneurial training at NIESBUD

Business BureauBusiness

Shri Jayant Chaudhary, the Hon'ble Union Minister of State (I/C), Ministry of Skill Development & Entrepreneurship (MSDE), Government of India,visited the National Institute for Entrepreneurship and Small Business Development (NIESBUD) campus and interacted with the various other trainees and trainers under multiple programs. Shri Jayant Chaudhary visited an exhibition featuring products created by jail inmates and successful entrepreneurs who completed EDP training under NIESBUD. The exhibits were displayed during ESDP programs at Lucknow and Varanasi Jail, showcasing the transformative impact of skill development and entrepreneurial training on inmates and reflecting NIESBUD's commitment to promoting entrepreneurship across various sectors. The Minister…