Business News Northeast - Latest Business Northeast News & Updates

18 Mar

Bandhan Bank announces key leadership overhaul, top talent joins ranks

Business BureauBusiness

Bandhan Bank has announced significant enhancements to its core management team, underlining its commitment to operational excellence and strategic growth. The latest appointments include Mr. Rajinder Kumar Babbar as Executive Director & Chief Business Officer, alongside additions to key roles in finance and consumer lending.Mr. Babbar, with a rich professional background spanning 35 years, assumes the pivotal role of overseeing all business verticals, including digital banking and treasury portfolios. His extensive leadership experience at esteemed institutions like HDFC Bank, Centurion Bank, and Central Bank of India positions him as a valuable asset to Bandhan Bank's leadership cadre. Joining Mr. Babbar…

17 Mar

Zomato gets GST penalty notice of ₹8.6 crore from Gujarat’s Deputy Commissioner of State Tax

Business CorrespondentBusiness

Zomato, an Indian multinational restaurant aggregator and food delivery company has got entangled in a problem after Goods and Services Tax (GST) penalty notice from the Deputy Commissioner of State Tax of Gujarat. The penalty has been imposed in relation to the audit of the company's GST returns and accounts for the FY 2018-19. The demand order Zomato has received is due to the huge availment of input tax credit and short payment of GST. According to the regulatory filing to the stock exchanges,''The company has received an order for FY 2018-19 pursuant to the audit of GST returns and…

16 Mar

Samsung unveils the Galaxy A55 5G and Galaxy A35 5G with Samsung Knox Vault Protection

Business BureauBusiness

Samsung, India’s largest consumer electronics brand, announced the launch of Galaxy A55 5G and Galaxy A35 5G with awesome innovations. The new A series devices have multiple flagship-like features including Gorilla Glass Victus+ protection, camera features enhanced by AI, and a tamper-resistant security solution, the Samsung Knox Vault, amongst many other new features. Samsung Galaxy A55 5G and A35 5G are renowned for their innovative design, featuring a metal frame for the first time for Galaxy A55 5G and premium glass back for the first time for Galaxy A35 5G. The Galaxy A55 5G and A35 5G are premium smartphones…

16 Mar

Global Ceramics Pvt Ltd Unveils North East’s Largest Showroom for Building Materials at Jyotikuchi in Guwahati

Business CorrespondentBusiness

Global Ceramics Pvt Ltd, the premier destination for construction and renovation solutions, proudly announces the grand opening of its expansive showroom located at KR Mills Compound, Lokhra Road, Sawkuchi, Jyotikuchi, Guwahati, Assam. During the inauguration Ved Prakash Gupta, Neeraj Gupta, Sanjay Gupta, Rahul Gupta along with other dignitaries were present.Speaking on the occasion Young Entrepreneur and Director of Global Ceramics Pvt Ltd said as the largest showroom in the NorthEast region, our new facility offers an unparalleled selection of top-quality building materials from leading brands, providing customers with a comprehensive one-stop solution for all their construction needs. With a commitment…

16 Mar

Antaran exhibition to hit Guwahati; discover the magic of Indian crafts

Business BureauBusiness

Antaran, a pioneering initiative within Tata Trusts' craft-based livelihood program is set to mesmerize the city of Guwahati with its latest exhibition. Dedicated to celebrating the rich weaving traditions from four distinct craft clusters - Kamrup, Nalbari, Nagaland, and Gopalpur (Odisha) - this showcase promises a captivating exploration of handwoven textiles steeped in cultural heritage and craftsmanship. Scheduled from the 14th to the 16th and the 19th to the 20th of March 2024, the event invites attendees to immerse themselves in the intricate world of Indian crafts. Held at the Satyanath Bora Hall and NEDFI Centre, the exhibition offers a…

15 Mar

McDonald’s hit with systems outages worldwide but some outlets back to normal

Business CorrespondentBusiness

McDonald an American multinational fast food chain has faced an outage in IT system due to which on Friday morning, customers in the UK, Japan, Australia and New Zealand complained about issues they faced while buying from the fast food giant on social media. Seeing this, McDonald apologised to customers and confirmed that the issue has been resolved at its sites in the UK and Ireland. The company blamed the issue on a "technology outage" and said that it was not linked to any cybersecurity issues. A McDonald's spokeswoman said: "We are aware of a technology outage which impacted our…

15 Mar

IIFL Finance continues to provide safe and secure gold storage solutions for existing customers

Business BureauBusiness

IIFL Finance will not disburse new gold loans until further notice, according to a March 4 RBI supervisory press release. However, the circular allows the company to continue servicing existing loans and customers, with its gold loan branches open and staff available to serve customer needs. IIFL Finance claims its gold loan branches will remain open as usual and staff will be available to serve existing customer needs on priority. IIFL Finance, a gold loan business in India, operates 2,721 branches across 25 states and Union Territories, catering to over 19 lac unbanked and underbanked small entrepreneurs in rural and…

14 Mar

OYO to open 50 homestays in Odisha in 1 year

Business CorrespondentBusiness

Hospitality and travel-tech firm OYO on March 14 (Thursday) announced its plans to establish 50 homestays in Odisha, specifically in Puri and nearby areas, in the upcoming year with an aim to make profit after watching a surge in religious tourism. The company, which has recently inaugurated 65 homestays in Ayodhya, had stated that it plans to open 400 hotels and homestays across major religious hotspots in India. “The company has partnered with Odisha Skill Development Authority (OSDA) to open these homestays and equip locals with the necessary skills and training to successfully manage homestays, fostering entrepreneurship and creating an…

14 Mar

Lord’s Mark Industries and Unnat Bharat introduce E Smart Clinic, cultivatescultural and community impact in healthcare

Business BureauBusiness

Lord’s Mark Industries Ltd and Unnat Bharat Abhiyan have unveiled the transformative E Smart Clinic project, heralding a new dawn of cultural and community impact in healthcare. The auspicious inauguration, graced by Honourable Prime Minister Shri Narendra Modi at AIIMS Rajkot, epitomized the spirit of collective endeavor for societal welfare. Forged through a heartfelt Memorandum of Understanding (MOU) signed at IIT Delhi, the partnership exemplifies the intrinsic connection between culture, community, and healthcare. It underscores the shared commitment of Lord’s Mark Industries and Unnat Bharat Abhiyan to enriching lives and fostering inclusivity through innovative healthcare solutions. At its heart, the…

14 Mar

Tata Electronics commences Rs 1.18 trillion semiconductor ventures, PM Modi leads charge towards technological revolution

Business BureauBusiness

Tata Electronics initiated its groundbreaking ventures today under the visionary leadership of Prime Minister Narendra Modi. The projects, comprising a cutting-edge semiconductor fabrication facility in Dholera, Gujarat, and a Semiconductor Assembly and Test (OSAT) Facility in Jagiroad, Assam, are backed by a colossal investment of ₹1.18 trillion.The inauguration ceremony witnessed the presence of esteemed dignitaries including Ashwini Vaishnav, Minister of Railways, Communications, Electronics & Information Technology, and Chief Ministers Bhupendra Patel of Gujarat and Himanta Biswa Sarma of Assam. Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, Skill Development & Entrepreneurship, Jal Shakti, joined virtually to lend his…