Business News Northeast - Latest Business Northeast News & Updates

27 Jan

SBI’s Verdict: Religare Finvest Limited Emerges from ‘Fraud’ Controversy

Business BureauBusiness

In a significant development, the State Bank of India (SBI), one of the lenders of Religare Finvest Limited (RFL), has removed RFL’s record, reported by it as fraud, from the Central Fraud Registry database. This decision follows an Order dated December 18, 2023 from the Honourable Delhi High Court directing SBI to remove the fraud tag.SBI informed RFL through a formal communication. In March 2023, RFL, a subsidiary of REL, successfully completed a One-Time Settlement with 16 lenders, paying over Rs 9000 crores to the country's banking system through organic collections. Currently, RFL is awaiting the lifting of the Corrective…

27 Jan

ICICI Prudential Life launched a plan with Zero Surrender Charges

Business BureauBusiness

ICICI Prudential Life has introduced the ICICI Pru Guaranteed Pension Plan Flexi with Benefit Enhancer, the first annuity plan in the industry with zero surrender charges. This plan offers a 100% refund of premiums at any time from the purchase date, providing customers with guaranteed income for life. Customers can choose the Joint Life with Waiver of Premium, which waives off future premiums in the event of the customer's death. The product benefits of guaranteed regular life-long income are paid out to the second annuitant or joint holder, who can be the spouse, parents, or children. The plan aligns with…

27 Jan

Ather Energy launches ‘Ather Rizta’, a family-oriented scooter

Business BureauBusiness

Ather Energy, one of India’s leading electric vehicle manufacturers, announced on Friday the upcoming launch of its new family-oriented electric scooter, named "Rizta." Breaking away from their sporty and youthful design ethos, seen in the 450 Series, the Rizta aims to cater specifically to the needs of families. Rizta has been spotted testing in Bengaluru a couple of months ago. Ather Energy's co-founder and CEO, Tarun Mehta, tweet the launch of a larger, family-friendly scooter that is comfortable, safe, spacious, and affordable. Tarun has shown his excitement the family scooter, Rizta, in a recent tweet, revealing its development since 2019.…

27 Jan

Ola Krutrim becomes India’s fastest unicorn

Priyanka BhowmickBusinessBusiness, India

Krutrim, a homegrown AI company of Ola's Bhavish Agarwal, on Friday announced that it has successfully closed its first funding round with a significant $50 million investment. Led by key investors including Matrix Partners India, the round valued Krutrim at $1 billion, making it India's fastest unicorn and the country's first AI unicorn. On the announcement, Agarwal said, "At Krutrim, we are committed to building India's first complete AI computing stack. We are thrilled to announce the successful completion of our first funding round, which not only validates the potential of Krutrim's innovative AI solutions but also underscores investors' confidence…

27 Jan

A specialized pediatric cardiac medical camp in Guwahati

Business BureauBusiness

Rainbow Children's Heart Institute in collaboration with Ayursandra Hospitals will organize a specialized pediatric cardiac medical camp dedicated to the well-being of the children. Dr. Nageswara Rao, Chief Cardiologist at Rainbow Children's Heart Institute, will lead the camp, providing quaternary care solutions to patients suffering from congenital heart diseases in the region. The initiative aims to provide advanced cardiac care for pediatric patients in Guwahati and surrounding areas, addressing the lack of suitable treatment for congenital heart diseases among families. The Pediatric Cardiac Camp in Assam is set to provide comprehensive care for children with congenital heart conditions. Dr. Nageswara…

27 Jan

Croma launches two brand new stores in Patna

Business BureauBusiness

Croma, India's first omni-channel electronics retailer, has opened two new stores in Patna, strategically expanding its presence in Bihar. This expansion is to meet the increasing demand for cutting-edge technology while enhancing the shopping experience, offering a diverse range of gadgets for customers across various cities in the state. The store at Patliputra Golambar marks Croma’s first store in the Patna region, and the other store is located at Farzer Road, further solidifying Croma's presence in the area. The PatliputraGolambar flagship store, located in Plot No.22/E, PatliputraGolambar, New Patliputra Colony, the first in the state, spans 7,870 square feet in…

27 Jan

Glamour, talent and triumph; Mr. Miss and Mrs. Bengal, India’s 4th Season finale shines bright

Business BureauBusiness

A dazzling spectacle unfolded at the grand finale of the 4th season of Mr. Miss and Mrs. Bengal, India, held at Inspira Knowledge Campus on January 15. The stage was a canvas for a national melting pot of talent, attracting contestants from across the country to showcase their skills and style. Hosted by SR Modelling Studio, led by Chairman Mr. Samrat Rajput and Director Miss Reshmi Deokota, the event not only celebrated individual achievements but also spotlighted the success of the 2nd season of Junior Bengal, India. The meticulously designed mega stage by Shades Entertainment, directed by Mithun Shaha and…

27 Jan

Dr. Hrishikesh Sarkar, a renowned Senior Neurosurgeon, will be available for consultation

Business BureauBusiness

Dr. Hrishikesh Sarkar, a neurosurgeon with 21 years of experience in Brain and Spine surgeries ensuring better outcomes will be visiting Duttapukur. Dr. Sarkar is a specialist in brain and spine surgeries, addressing various conditions such as spinal tumors, spinal disc problems, failed back surgeries, spasticity, paralysis after stroke, trigeminal neuralgia, cord injury, epilepsy with more than two medicines and Moya Moya disease. Dr. Hrishikesh Sarkar will be available on Sunday, 28 January 2024, from 10 am to 3 pm at Apollo Hospitals (Chennal) Information Centre WeCare Diagnostic Centre & Polyclinic Amantran More, Station Road, Duttapukur, North 24 Pgs. Pin:…

27 Jan

Mahindra drives economic efficiency with the launch of Supro Profit Truck Excel

Business BureauBusiness

Mahindra & Mahindra Ltd. (M&M) strengthens its position in the Small Commercial Vehicles (SCVs) sector with the introduction of the Supro Profit Truck Excel series. Priced competitively at ₹6.61 lakh (ex-showroom Delhi) for the Diesel variant and ₹6.93 lakh for the CNG Duo variant, this strategic move aims to redefine last-mile connectivity, offering enhanced features for superior economic gains. The Supro Profit Truck Excel series, an evolution of the successful Supro platform, boasts a best-in-class rated payload of 900 kg (Diesel) and 750 kg (CNG Duo), coupled with an increased deck length of 2515 mm. Safety is a prime focus…

25 Jan

Zomato suspends delivery of non-veg food in several states on the day of ‘pran pratishtha’ in Ayodhya

Business CorrespondentBusiness

Food delivery company Zomato has announced that it suspended the delivery of non-vegetarian food items in Uttar Pradesh, Assam, ⁠Chhattisgarh, Madhya Pradesh, and Rajasthan on January 22 as per a government notice. The day marked the inauguration ceremony of the Ayodhya Ram Mandir. The matter came into light after an X user pointed out that non-vegetarian items were not available for delivery on Zomato. To which, the company's customer care handle replied, "Hi, we have disabled delivery of non-veg items in Uttar Pradesh, Assam, ⁠Chhattisgarh, Madhya Pradesh and Rajasthan as per govt. notice. Hope this clarification helps!" The decision did…