Business News Northeast - Latest Business Northeast News & Updates

04 Mar

Tata Electronics in collaboration with PSMC is set to build the nation’s first Fab in Dholera

Business BureauBusiness

In a significant step towards creating an indigenous (“Make in India, For the World”) semiconductor ecosystem in India, Government of India has approved a proposal from Tata Electronics to build a mega semiconductor fabrication facility (“Fab”) in Dholera, Gujarat in partnership with PSMC. The fab construction will begin this year with a total investment of up to INR91,000crores (~US$11bn) and will generate over 20,000 direct and indirect skilled jobs in the region. With this announcement, Tata Electronics enters the global semiconductor industry. Tata Electronics and Powerchip Semiconductor Manufacturing Corporation (PSMC) will build India's first AI-enabled manufacturing facility, capable of producing…

04 Mar

Tata Electronics to build a state-of-the-art, greenfield semiconductor assembly and test facility in Jagiroad, Assam

Business BureauBusiness

In a significant step towards creating an end-to-end semiconductor manufacturing ecosystem in India, Government of India has approved a proposal by Tata Electronics to build a state-of-the-art, greenfield semiconductor assembly and test facility in Jagiroad, Assam. The facility will be built with an investment outlay of INR 27,000 crore and is expected to generate over 27,000 direct and indirect jobs in the region. Tata ElectronicsPvt. Ltd. plans to build a facility in India focusing on three key platform technologies: Wire Bond, Flip Chip, and Integrated Systems Packaging (ISP). The facility will serve growing global demands across key market segments like…

04 Mar

Empowering artisans by connecting them with PM Modi’s “Viksit & Aatmanirbhar Bharat campaign.”- Chairman KVIC

Business CorrespondentBusiness

In a significant boost to village industries in Assam, Shri Manoj Kumar, Chairman, Khadi and Village Industries Commission (KVIC), distributed essential equipments and tool-kits to artisans under the Gramodyog Vikas Yojana. The distribution ceremony was held at the campus of Sreemanta Sankardeva University, Rupnagar, Guwahati marked a commitment to empower rural communities and align with Prime Minister Shri Narendra Modi's vision of "Viksit & Atmanirbhar Bharat (Developed & Self-reliant India)." Addressing the participants , KVIC, Shri Manoj Kumar reiterated that in the last 9 years under the visionary leadership of Hon’ble PM Shri Narendra Modi, Khadi and Village Industry (KVI)…

03 Mar

PM Modi Contributes Rs 2000 To BJP, Urges People To ‘Donate For Nation Building’

Business CorrespondentBusiness

Ahead of the Lok Sabha elections, PM Modi on March 3(Sunday) contributed Rupees 2000 to the Bharatiya Janata Party via the NaMo app to boost the efforts of building a Viksit Bharat and asked everyone to donate and help the efforts of the saffron party in nation-building. He further stated the importance of collective involvement in national development activities and encouraged people to participate in the "Donation For Nation Building" campaign through the NaMoApp. https://twitter.com/narendramodi/status/1764216867617406999?s=20

03 Mar

Government imposes a fine of Rs 5 crore on Paytm Bank

editorBusiness, EconomyBusiness news

The government has also taken action against the Paytm payment batch after the reserve rush. Brought by PIB, the Finance Ministry's Financial Intelligence Unit or FIU imposed a fine of Rs 5.49 crore on Paytm Payments charges. The fine is said to have been imposed for violation of rules under PMLA. Paytm Payments Bank has been accused of being involved in money laundering. Due to which action under Prevention of Money Laundering Act, 2002 has been taken against this organization. The decision was taken by the Finance Ministry's Financial Intelligence Unit (FIU) after reviewing the actions of other agencies, including…

02 Mar

HCCB invests Rs 350 cr in Madhya Pradesh

Business CorrespondentBusiness

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs 350 crore investment in Madhya Pradesh for establishing two manufacturing lines at its Rajgarh plant. "The fresh infusion of capital will see the introduction of 2 new, state-of-the-art manufacturing lines at HCCB's factory in Rajgarh, that will produce Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs," the statement said. The investment will not only strengthen HCCB's manufacturing capabilities but also significantly contribute to the state's economy, it added. The Madhya Pradesh government has extended support to facilitate HCCB in obtaining all necessary permissions, approvals…

02 Mar

LTIMindtree and IBM collaborates to Advance the Quantum Innovation Ecosystem

Business BureauBusiness

IBM has partnered with LTIMIndtree, a global technology consulting and digital solutions company, to explore quantum computing innovation for its global clientele across various industries. LTIMindtree is the first Indian Global System Integrator (GSI) to join the IBM Quantum Network. As part of the IBM Quantum Network, LTIMindtree expands on its platinum partner status with IBM and joins a global community of Fortune 500 companies, top universities, research labs, and startups. LTIMindtree will gain access to IBM resources, including its global quantum computing fleet, software, and expertise, as a strategic move to help customers benefit from the transformative value of…

02 Mar

Samsung announce the launch of Galaxy A15 5G

Business BureauBusiness

Samsung has introduced a new storage variant for the Galaxy A15 5G, offering 6GB+128GB at an affordable price of INR 16499, providing consumers with more options to choose from. The Galaxy A15 5G is a premium smartphone with Knox Security, ensuring users have full control over their data. It features Auto Blocker, Privacy Dashboard, and Samsung Passkey, and Knox Vault chipset for tamper-resistant storage of sensitive data. The device is future-ready with up to 4 generations of OS upgrades and 5 years of security updates. Its signature design features a haze finish glastic back panel, key island design on the…

02 Mar

Antareep Ray, an Unacademy learner achieved a score of 99.82% in the IIT JEE Main Session 1

Business BureauBusiness

Antareep Ray, an Unacademy learner from Tripura, achieved a 99.82 percentile in IIT JEE Main Session 1, making the state proud. Antareep Ray emerged as the Tripura state topper, the state toppers from Delhi (100 percentile), and Odisha (99.98 percentile) are also from Unacademy. Over 702 Unacademy learners achieved a score of over 99 percentile in this exam. 60 unacademy learners achieved a 100% score in Physics, Chemistry, and Mathematics. These achievements highlight the dedication, hard work, and academic excellence of Unacademy learners and Unacademy is proud to have played a part in their journey to academic success in IIT…

02 Mar

Bajaj Allianz Life Insurance showcases exceptional performance in the 9MFY2024

Business BureauBusiness

Bajaj Allianz Life Insurance Company, one of India’s leading private life insurers, continues to enhance its business parameters through its transformative journey. The 9MFY2024 results showcase its outstanding performance vis-à-vis the other private players in the Indian life insurance industry. Bajaj Allianz Life Insurance's Individual Rated New Business (IRNB) for 9MFY2024 grew by 24%, nearly three times the industry average. The company's Compounded Annual Growth Rate (CAGR) for the three-year period (FY 2020 to FY 2023) was 39%, confirming its strong growth path. The company's GWP stood at INR 14,860 Crores for 9M FY24, largely due to strong growth in…