Business News Northeast - Latest Business Northeast News & Updates

25 Jun

India’s current account deficit (CAD) drop to 0.7 percent of GDP, records surplus of 0.6% in Q4: RBI

Business CorrespondentBusiness, News

India recorded a current account surplus in the last quarter of the last financial year due to higher service income. Additionally, the Reserve Bank of India (RBI) on Monday said the overall current account deficit for FY2024 has narrowed due to decline in goods trade deficit. India's current account deficit (CAD) declined to 0.7 percent of GDP or $23.2 billion in FY2024 from 2 percent of GDP or $67 billion last year. “Sequential decline in CAD in Q4:2022-23 mainly due to narrowing in trade deficit with stronger services trade from US$71.3 billion in Q4:2022-23 to US$52.6 billion in Q4:2022-23 Went.…

24 Jun

Tata Motors launches Fleet Verse, revolutionizes commercial vehicle acquisition

Business BureauBusiness

Tata Motors announced the launch of Tata Motors Fleet Verse - a comprehensive and innovative digital marketplace for Tata Motors Commercial Vehicles. The platform offers features like new vehicle discovery, configuration, acquisition, financing, and is future-proofed to include a range of additional services and features, making Fleet Verse a one-stop digital destination for all commercial vehicle needs. Fleet Verse is a comprehensive platform that consolidates all aspects of commercial vehicle ownership, offering advanced semantic search features and a Smart Search Vehicle Discovery to explore Tata Motors' 900+ models and 3000+ variants. Its Product Configurator allows users to customize vehicle recommendations…

24 Jun

Samsung teams up with Paytm to elevate digital convenience in India

Business BureauBusiness

Samsung launches flight, bus, movies and events ticket bookings on Samsung Wallet, in partnership with One97 Communications Limited that owns the Paytm brand, India’s leading payments and financial services distribution company. The partnership aims to enhance consumers’ convenience by offering a seamless and integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm. Samsung India and Paytm have partnered to provide Galaxy smartphone users with seamless access to Paytm's services, including flights, bus bookings, movie ticket purchases, and event bookings, all integrated within the Samsung Wallet. Users can add tickets directly to…

24 Jun

Rs 25 lakh is donated by Kundan Green Energy to the Mizoram CM Relief Fund

Business BureauBusiness

Kundan Green Energy presented a cheque of Rs 25 lakh to the Hon’ble Chief Minister of Mizoram, Shri Lalduhoma, at Aizawl. The contribution is to the Chief Minister’s Relief Fund and will be used in relief operations to address the devastation caused by Cyclone Remal. Mr. Udit Garg, CEO &Director, Kundan Green Energy said “We are deeply saddened by the unfortunate natural calamity which has affected the state of Mizoram. Kundan Green Energy is sincerely committed to Mizoram and its people. We hope our humble offering will be useful in relief work to address this tragedy.”

24 Jun

Bajaj Allianz Life establishes a new branch in Udaipur, Tripura

Business BureauBusiness

Bajaj Allianz Life launches of its new branch in Udaipur, Tripura. This strategic expansion is part of the Company’s vision to enhance life insurance accessibility and financial inclusion in the North-East of India. The Udaipur branch is located on the New Town Road, near the Bazar India. Bajaj Allianz Life has inaugurated its third branch in the state, demonstrating its commitment to serving the diverse needs of customers in the North East, particularly in Tripura. Bajaj Allianz Life is the Lead life insurer in Tripura, appointed by the Insurance Regulatory and Development Authority of India (IRDAI) under the State Insurance…

24 Jun

Australian Government and MSDE collaborated to discuss the Australia-India Critical Agriculture Skills Pilot Project’s lessons

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) in collaboration with the Australian Government hosted a comprehensive and a productive roundtable to discuss the learnings from the Australia-India Critical Agriculture Skills Pilot Project. Led by Shri Atul Kumar Tiwari, Secretary, MSDE and Mr. Mathew Johnston, Minister Counsellor, Education and Research, Australian High Commission, the roundtable focussed on the opportunities that lay beyond in taking the initiative forward, bringing it up to scale and replicating the model to other sectors. Representatives from National Council for Vocational Education and Training (NCVET), National Skill Development Corporation (NSDC), Indian Council for Agricultural Research (ICAR),…

24 Jun

Skill India Unveils Extensive Apprenticeship Program: 5.5 Lakh+ Openings

Business BureauBusiness

The Ministry of Skill Development and Entrepreneurship (MSDE) has showcased its unwavering commitment to giving a boost to quality apprenticeship skill training across sectors as the National Apprenticeship Promotion Scheme (NAPS) is seeing a major uptick. In the past 3 years, the total enrolments have grown three-fold to touch 9,31,368 youth under National Apprenticeship Promotion Scheme (NAPS) in FY2023- 24. Maharashtra saw an impressive participation of 2,63,156 youth in the scheme, highlighting its ability in building pathways for fresh talent to build their capabilities, enhance job readiness and making them job ready. The other states are Tamil Nadu (1,01,495), Gujarat…

24 Jun

Tata Motors announces a 2% increase in the price of its commercial vehicles

Business BureauBusiness

Tata Motors announced that it will increase the price of its commercial vehicles effective 1st July 2024, up to 2%. The price increase is to offset the impact of rising commodity prices. It will be applicable across the entire range of commercial vehicles, and will vary as per individual model and variant.

24 Jun

Coca-Cola India announced the launch of Coca-Cola in ASSP with 100% Recycled PET

Business BureauBusiness

Coca-Cola India, after pioneering the introduction of 100% recycled PET (rPET) by beverage industry in India, is taking another meaningful step towards creating a circular economy. The company has announced the launch of Coca-Cola in ASSP with 100% Recycled PET (rPET) in 250ml bottles, starting with the state of Orissa. Coca-Cola's Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCBPL) is manufacturing an initiative aimed at reducing carbon footprint and promoting environmental responsibility. Enrique Ackermann, Vice President, Technical Innovation and Supply Chain, Coca-Cola India, and Southwest Asia, said, “Our effort at expanding rPET in India is a testimony of our commitment to increase…

24 Jun

LinkedIn reported ‘Loud learning’ is the new mantra for professionals in India to develop their skills

Business BureauBusiness

LinkedIn's research indicates that professionals are encountering challenges in their learning journey due to the increasing reliance on AI for career advancement. Despite 80% of professionals in India saying that their company is doing enough to cultivate a culture of learning, findings show that over 9 in 10 (94%) are finding it hard to prioritise learning due to work and family commitments. Loud Learning, the practice of being vocal and intentional about learning ambitions in the workplace, is gaining popularity among professionals in India. Around 81% of professionals believe this practice can help them dedicate time to improving their skills.…