Business News Northeast - Latest Business Northeast News & Updates

09 Feb

AM/NS India becomes first integrated steelmaker to get green steel certification

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ArcelorMittal Nippon Steel India (AM/NS India) has become the country’s first integrated steel producer to receive Green Steel certification under the Ministry of Steel’s newly notified Green Steel Taxonomy. The certification covers the company’s flat steel products, with Hot Rolled (HR) coils and sheets earning a four-star rating and Cold Rolled (CR) coils and sheets receiving a three-star rating. The certified products, widely used in the automotive, infrastructure, defence, construction equipment and consumer durables sectors, are now officially recognised as government-certified Green Steel. This enables downstream users to lower Scope 3 emissions across their value chains. Certification eligibility is based…

09 Feb

Cognizant posts strong Q4, full-year 2025 results, beats guidance across key metrics

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Cognizant has reported strong fourth-quarter and full-year 2025 financial results, exceeding its guidance on revenue, margins and earnings, supported by steady demand for AI-led digital services and large deal wins. The company posted fourth-quarter revenue of $5.3 billion, up 4.9 per cent year-on-year, or 3.8 per cent in constant currency. Full-year revenue rose 7 per cent to $21.1 billion, while operating margin improved to 16.1 per cent, an expansion of 140 basis points over the previous year. Full-year GAAP earnings per share stood at $4.56, with adjusted EPS rising 11 per cent to $5.28. Trailing twelve-month bookings grew 5 per…

07 Feb

Myntra Names Former Google, Instacart Executive Pramod Adiddam as CTO

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Walmart-owned fashion e-commerce platform Myntra has appointed Pramod Adiddam as its new Chief Technology Officer (CTO), with the appointment taking effect immediately.Adiddam succeeds Raghu Krishnananda, who stepped down as Chief Product and Technology Officer in April 2025 after more than five years with the company. In his new role, Adiddam will lead Myntra’s overall technology strategy, with a focus on innovation, platform scalability and strengthening technical capabilities to support the company’s growth.With over two decades of experience, Adiddam has a strong background in building and operating large consumer-facing digital platforms. Prior to joining Myntra, he held senior leadership positions at…

07 Feb

Medanta’s growth story balances healing, hiring and heavy investments as Q3 FY26 revenue rises 19%

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Global Health Limited, which runs the Medanta network of multi-specialty hospitals across North and East India, reported a strong rise in patient activity and revenue in Q3 FY26, even as investments in new hospitals and regulatory changes weighed on short-term profit. The company’s consolidated total income grew 19.1% year-on-year to ₹11,428 million during the December 2025 quarter, reflecting a steady rise in people seeking both inpatient and outpatient care. Inpatient volumes increased 14.3%, while outpatient footfalls jumped 19.5%, underlining sustained demand for tertiary healthcare. Average revenue per occupied bed rose nearly 10% to ₹67,361, supported by improved case mix and…

06 Feb

Shringla raises connectivity, tourism and investment implementation issues for Northeast in Parliament

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Member of Parliament Harsh Vardhan Shringla on Thursday raised key concerns in Parliament regarding infrastructure expansion, rail connectivity and tourism development in the North Eastern Region, urging the government to ensure timely implementation of projects and effective utilisation of central funds. He also sought details on progress made following commitments announced at the Rising North East Summit and stressed the need to translate investment pledges into employment-generating projects on the ground. Highlighting the region’s tourism potential, Shringla said the Northeast possesses immense natural beauty, vibrant tribal heritage and significant opportunities in eco, cultural and adventure tourism. He emphasised that improved…

06 Feb

Meta steps up fight against online fraud with third ‘Scam Se Bacho’ campaign, partners I4C and SEBI

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Meta has launched the third edition of its flagship anti-scam awareness initiative Scam Se Bacho, strengthening its efforts to curb the growing threat of digital fraud in India. The renewed campaign is being rolled out in collaboration with the Indian Cyber Crime Coordination Centre (I4C) and the Securities and Exchange Board of India (SEBI). The campaign was kicked off with an educational film featuring veteran actor Neena Gupta along with digital creators Sukriti Chaturvedi, Yuvraj Dua and Shreyas Mendiratta. Using humour and familiar, real-life situations, the film highlights common scam formats such as fake job offers demanding upfront fees, “digital…

06 Feb

V-Guard Q3 revenue jumps 10.6% to Rs 1,403.51 cr; PAT dips on one-time labour code cost

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V-Guard Industries Ltd. has reported a strong top-line performance for the third quarter of FY 2025–26, even as profitability was impacted by a one-time exceptional charge linked to new labour regulations. The company’s consolidated net revenue from operations for the quarter ended December 31, 2025 stood at ₹1,403.51 crore, marking a 10.6 per cent increase over ₹1,268.65 crore recorded in the corresponding quarter of the previous year. Consolidated profit after tax (PAT), however, declined 5.2 per cent year-on-year to ₹57.06 crore from ₹60.22 crore, largely due to an exceptional charge of ₹22.11 crore related to employee benefit obligations under the…

06 Feb

India’s employee medical costs lkely to rise 11.5% in 2026, growth pace moderates: Aon report

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Employee medical plan costs in India are projected to increase by 11.5% in 2026, remaining higher than the global average of 9.8%, according to the 2026 Global Medical Trend Rates Report released by Aon. The report, however, notes that the pace of cost escalation is moderating, supported by stabilising healthcare utilisation after years of sharp post-pandemic increases. Cancer and cardiovascular-related conditions continue to be among the most significant drivers of medical costs globally as well as in India. Across Asia-Pacific, including India, wider access to advanced diagnostics and therapies is improving health outcomes but also driving higher utilisation, placing additional…

06 Feb

Amazon, IIT Roorkee join hands to turn farm waste into sustainable packaging solutions

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Amazon India has entered into a research collaboration with Indian Institute of Technology Roorkee to develop innovative packaging materials from agricultural waste, marking a significant step towards sustainable operations and circular economy practices. The project focuses on creating non-wood paper technology by converting crop residues such as wheat straw and bagasse into strong, lightweight paper mailers. These recyclable and home-compostable packaging solutions aim to reduce dependence on virgin wood pulp and address the persistent issue of stubble burning by diverting agricultural waste into productive use. The initiative could also open up new income streams for farmers by creating a market…

06 Feb

India–US trade deal offers pricing clarity, margin boost for exporters: Aon

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The revised 18% US tariff under the India–US trade deal is expected to usher in a phase of greater stability for Indian exporters by improving cost visibility and strengthening margins, according to global professional services firm Aon. Commenting on the development, Manoj Kumar A S, Head of Sales & Growth at Aon, said the lower and more predictable tariff regime enables exporters to plan pricing strategies and negotiate contracts with greater confidence. He noted that improved margins could support timely payments across the value chain and contribute to healthier trade credit conditions. Over the longer term, the deal is likely…