Business News Northeast - Latest Business Northeast News & Updates

05 May

Air India has make less the free cabin baggage allowance for the lowest economy fare segment from 20 kg to 15 kg

Business CorrespondentBusiness, Economy

Loss-making Air India has reduced the free cabin baggage allowance for the lowest economy fare segment on domestic flights from 20 kg to 15 kg. The changes have been made to fare families, a menu-based pricing model introduced by Tata Group-owned Air India last August. The airline has said that a one-size-fits-all approach is no longer ideal. An airline spokesperson said on Saturday that there are three fare families – Comfort, Comfort Plus and Flex – which offer different levels of benefits and fare restrictions at different price points. From May 2, the free cabin luggage allowance for 'Comfort' and…

04 May

Samsung gear up to introduce its latest innovation Samsung’s Galaxy F55 5G

Business BureauBusiness

Samsung is gearing up to introduce its latest innovation to the Indian market with the unveiling of the Galaxy F55 5G. The announcement, made today, marks a significant moment for tech enthusiasts across the country. The Galaxy F55 5G, a flagship addition to Samsung's esteemed Galaxy F series, promises to redefine luxury in smartphone design. Boasting a premium vegan leather finish, adorned with a tasteful stitched pattern, the device is set to captivate users with its blend of elegance and sophistication. With a focus on offering segment-leading features, the Galaxy F55 5G aims to elevate the smartphone experience to new…

03 May

Etihad Airways deal with five airlines to make travel easier for passengers

Business CorrespondentBusiness

Eithad has collaborated with Kam Air in Afghanistan, Jeju Air in Korea, Myanmar Airways International, SKY express in Greece and Rex Airlines in Australia. Etihad Airways has established reciprocal interline collaborations with 5 new airline partners, further widening travel options for people across its expanding global network. The interline agreements provide customers of all airlines involved enhanced connectivity to destinations across each other's networks, allowing guests to book their entire journey on a single ticket and have their baggage checked through seamlessly to their destination. Arik De, Etihad's Chief Revenue and Commercial Officer, said, "We continue to broaden our network…

03 May

Apollo Hospitals expands reach, opens information centre in Baharampur, Murshidabad

Business BureauBusiness

Apollo Hospitals, a pioneer in healthcare, has marked another milestone with the inauguration of an Information Centre in Baharampur, Murshidabad. The center, launched today, aims to bridge the gap in healthcare accessibility by providing comprehensive information and promoting early diagnosis. The inauguration event was graced by esteemed medical professionals, including Dr. V Chandrasekharan, Dr. Sudharsan, and Dr. Pradeep Balaji, who shared valuable insights into healthy living and various medical specialties. Situated at Gorabazar, Nimtala, the Information Centre will offer specialty consultations with doctors from Apollo Hospitals Chennai through periodic visits. This initiative is poised to benefit residents of Murshidabad and…

03 May

OECD increas India’s FY2025 growth forecast to 6.6%

Business CorrespondentBusiness, Economy

The Organization for Economic Co-operation and Development on Thursday raised India's FY2025 growth forecast to 6.6% from an earlier estimate of 6.2%. "Despite relatively sluggish private consumption growth, strong investment and improving business confidence in India are projected to propel real GDP growth to more than six and a half per cent in both FYs 2025 and 26," the OECD (Organization for Economic Co-operation and Development) said.

02 May

Tamil Nadu: Private bank held a woman hostage after her husband failed to pay loan installment of Rs 770

Business CorrespondentBusiness

A shocking incident took place in Tamil Nadu’s Salem district when a branch of a private bank allegedly held a woman captive on Wednesday(1, May) after her husband failed to pay a loan installment. The woman was eventually let go after her husband paid the loan installment of Rs 770. He borrowed Rs 35,000 According to employees of the branch, the man identified as Selvam (name changed) a daily wager who lives in Dukiyambalayam, next to Vazhappadi in Salem district had been provided a loan of Rs 35,000 with a weekly installment of Rupees 770 for 52 weeks. He is…

02 May

Adani Ports Q4 net profit gain 77% to Rs 2,014 crore

Business CorrespondentBusiness, Economy

Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday reported a 76.87% rise in consolidated net profit at Rs 2,014.77 crore for the fourth quarter ended March 2024. The country's largest integrated logistics company had posted a profit of Rs 1,139.07 crore in the corresponding period of the previous financial year, the company said in a BSE filing. Its consolidated total income rose to Rs 7,199.94 crore in Q4FY24 from Rs 6,178.35 crore in the year-ago period. Total expenses also increased to Rs 4,450.52 crore in the quarter under review from Rs 3,995 crore a year ago.

02 May

Join the Beat: Inside BABA’s 30-Day Song Challenge Adventure

Business BureauBusiness

BABA, a renowned indie music artist known for his diverse style and multi-instrumental abilities, has embarked on a 30-day song challenge, showcasing his versatility and unwavering dedication to his craft, redefining the boundaries of creativity and productivity. BABA, a singer-songwriter and producer, is a musical entity that embodies innovation and artistry. He has nurtured his passion for music from a young age, exploring various instruments and genres. His distinctive sound blends rich harmonic colors with fun arrangements. His latest project has made waves in the indie music charts, positioning him as a significant figure in the global indie scene. BABA's…

02 May

The joint managing director of Kotak, KVS Manian, has resigned

Business BureauBusiness

Kotak Mahindra Bank disclosed today the resignation of KVS Manian, the Whole Time Director serving as Joint Managing Director, signaling a significant leadership change within the institution. Manian has opted to step down from his role to explore fresh opportunities within the Financial Services sector, prompting the Board to promptly accept his resignation with immediate effect. Responding swiftly to this development, the bank has introduced a revamped reporting structure to enhance leadership oversight and streamline operations across its various business divisions. Going forward, the Wholesale, Commercial, and Private Bank segments will report directly to Ashok Vaswani, the bank's Managing Director…

01 May

Indian Oil’s quarterly profit drop 52% due to inventory losses, low fuel prices

Business CorrespondentBusiness, Economy, India

Indian Oil Corporation (IOC) on Tuesday reported a 52 percent decline in fourth quarter profit as the company sold fuel below market prices due to inventory losses. While India is the world's third-largest oil importer and consumer, Indian Oil controls about a third of India's five million barrel-per-day refining capacity with its unit Chennai Petroleum. However, India has been buying increasingly cheaper Russian oil as discounts have fallen from $30 a barrel in 2022 to less than $10 this year, while refiners also cut fuel prices at the pumps ahead of this year's general elections. IOC reported a 52% decline…