Business News Northeast - Latest Business Northeast News & Updates

19 Jun

Direct tax collections up 21% to Rs 4.62 lakh crore from higher corporate advance tax

Business CorrespondentBusiness, News

The first installment of advance tax, which was due on June 15, saw accumulation inflation 27.34% to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) of Rs 1.14 lakh crore and Personal Income Tax of Rs 34,470 crore. Net direct tax collections have jumped by 21 percent to over Rs 4.62 lakh crore so far this financial year due to higher advance tax payments by corporates. The first installment of advance tax, which was due on June 15, saw collections inflation 27.34% to Rs 1.48 lakh crore. This includes Corporation Income Tax (CIT) of Rs 1.14 lakh crore…

19 Jun

Almonds: A heart-healthy powerhouse in today’s dietary

Business BureauBusiness

In the realm of heart health, three essential foods have emerged as stalwarts in promoting cardiovascular well-being, according to Sheela Krishnaswamy, a distinguished Nutrition and Wellness Consultant. Almonds take center stage among these foods, celebrated for their robust nutritional profile. Packed with calcium, vitamin E, magnesium, and fiber, almonds are not just a snack but a cornerstone of heart-conscious diets. Their role in reducing cholesterol levels and providing healthy fats is crucial in mitigating the risks of heart disease. Moreover, almonds excel in enhancing vascular function, aiding blood vessels in relaxation and reducing artery stiffness. Oats, renowned for their soluble…

18 Jun

BREAKING: Jio Down? Network Outage Disrupts Thousands of Users Across India

Business CorrespondentBusiness

Jio, a leading telecom provider, experienced a huge network outage, impacting thousands of users across the country on Tuesday(18th of June 2024), with widespread complaints about the inability to use essential social media applications such as YouTube, WhatsApp, Snapchat, Instagram and Google. Downdetector, a platform monitoring real-time outages, recorded complaints from 2,437 individuals facing connectivity issues with their Jio services. The problem turned worst around 1:42 PM, resulting in widespread disruption for users who depend on the network for important communication and internet access. Several users took to X (formerly Twitter) to address their grievances. A user wrote, "#Jio network…

18 Jun

Shriram Super 4466 paddy seeds transforming lives of farmers in West Bengal

Business BureauBusiness

In West Bengal's agricultural belt, a quiet revolution is underway thanks to Shriram Super 4466 paddy seeds from Shriram Farm Solutions, under the banner of DCM Shriram Limited. For farmers like Nurjaman Mandal from Murshidabad, these seeds aren't just crops; they're symbols of hope and resilience. Nurjaman, with a glint of pride in his eyes, shares, "Since planting Shriram Super 4466, I've seen my yields increase significantly. The grains are hearty, and the plant itself is sturdy against diseases and doesn't topple easily. It's made farming less stressful, especially with the erratic weather patterns." Echoing his sentiments, Zakir Hussain, another…

15 Jun

SBI flourish MCLR by 10 bps for all tenors

Business CorrespondentBusiness, News

State Bank of India (SBI) has increased the marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps) for all tenors. The MCLR hike by SBI comes days after the Reserve Bank of India (RBI) left the key policy rate unchanged.This move is likely to be followed by other lenders, resulting in loans becoming costlier for borrowers.The country's largest lender has revised the one-year MCLR from 8.65 percent to 8.75 percent. Overnight MCLR has been increased from 8 percent to 8.1 percent. One and three month MCLR has been increased to 8.3 percent from earlier 8.2 percent.The revised…

15 Jun

MAGGI empowers culinary creativity; 10 women win big in Apna Food Business 2024

Business BureauBusiness

MAGGI has announced the victorious participants of its second MAGGI Apna Food Business initiative, showcasing the entrepreneurial prowess of ten talented women across India. Priyanka Kundu Biswas of Kolkata emerged as a standout, impressing judges with her innovative approach to food content creation. The program, aimed at nurturing aspiring food entrepreneurs, attracted over 20 million hopefuls nationwide. More than 50,000 individuals benefited from intensive training led by industry luminaries such as Kabita Singh, Madhura Bachal, Teja Paruchuri, and experts from YouTube and META. After rigorous competition, each of the ten winners received Rs. 5 Lakhs in seed capital to jumpstart…

15 Jun

Toyota Kirloskar Motor announces T-TEP Facility and STAR Scholarship Program at The Government Polytechnic, Bareilly

Business BureauBusiness

Toyota Kirloskar Motor [TKM] announced the launch of the 66thToyota Technical Education Program (T-TEP) facility and the “Scholarship program for Technical Education and Recognition” [STAR] initiative under T-TEP at institute at The Government Polytechnic, Bareilly, in line with its 'Skill India' mission. The primary objective of these initiatives is to improve the skills of students, particularly those from rural areas, and increase their employability through the company's unique training program, the Toyota Technical Education Program (T-TEP). The launch event was graced by Chief Guest Mr. D C Verma, Member of Legislative Assembly, Government of Uttar Pradesh, in the presence of…

15 Jun

Kotak Mahindra Life Insurance Company Ltd announced the launch of its new protection plan Kotak Gen2Gen Protect

Business CorrespondentBusiness

Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) announced the launch of its new protection plan Kotak Gen2Gen Protect. This product offers an industry-first feature with an option of covering two generations with one plan, thus passing on the legacy of protection. Coming with a 100% guaranteed return of premium benefit on survival, Kotak Gen2Gen Protect offers a flexibility of transferring the complete risk cover to the child, when the parent (primary life insured) turns sixty or sixty-five years of age. Addionally, this risk cover stays on with the child till the age of sixty. The product also offers comprehensive…

15 Jun

MSDE Minister Jayant Chaudhary Conducts Comprehensive Review of Ministry’s Divisions and Schemes

Business BureauBusiness

The Hon’ble Minister of State (Independent Charge) for the Ministry of Skill Development and Entrepreneurship (MSDE), Shri Jayant Chaudhary conducted a comprehensive review of all the ongoing Ministry’ schemes and its various divisions. He participated in the immersive session to gain a deep understanding of the operations of various MSDE divisions, their achievements, and the challenges they face. This engagement provided valuable insights into enhancing the Ministry's strategic approach and future roadmap towards skill development. Elaborating on the necessity of a unified effort to ensure the successful implementation and expansion of skill development initiatives across the nation, Shri Jayant Chaudhary…

15 Jun

Assam CM aims to enhance state’s power generation capacity & reduce reliance on purchases

editorAssam, Business

Assam Chief Minister Himanta Biswa Sarma in a joint venture with the Assam Power Generation Corporation and Oil India Limited has laid the foundation stone for a 25-MW solar power generation project at Namrup Thermal Power Station in Dibrugarh district. According to the sources, the project will span 108 acres and is expected to cost Rs. 115 crore. The project aims to produce 50 million units of electricity annually. And expected to be completed by July 2025. Assam Chief Minister Himanta Biswa Sarma said, "The state produces only 419 MW of power, necessitating the purchase of around 2,100 MW daily.…