Business News Northeast - Latest Business Northeast News & Updates

06 Mar

Shyam Steel Inaugurates State-of-the-Art Integrated Steel Plant in Purulia

Business BureauBusiness

Shyam Steel has inaugurated its fourth Integrated Steel Plant at JSK-II in Purulia, West Bengal. The plant, which has a capital investment of ₹1,500 crore, is a testament to Shyam Steel's commitment to innovation, job creation, and sustainable growth. With a steel-making capacity of 1.19 million tonnes per annum, the plant is equipped with cutting-edge technology. The plant is part of Shyam Steel's journey of excellence, which includes four other integrated steel plants in Durgapur, Mejia, Bamunara, and Howrah. The plant is also creating over 5,000 direct employment positions for skilled and unskilled workers in Purulia. Director Mr. Lalit Beriwala…

06 Mar

ICICI Prudential leads the pack, maintains impressive 98.6% claim settlement ratio in Q3 FY2024

Business BureauBusiness

ICICI Prudential Life Insurance has once again emerged as a frontrunner, boasting an outstanding 98.6% claim settlement ratio for the third quarter of fiscal 2024. This achievement underscores the company's commitment to delivering financial security and peace of mind to its policyholders. With life insurance serving as a cornerstone of sound financial planning, the importance of a reliable and customer-friendly insurer cannot be overstated. ICICI Prudential's track record speaks volumes, providing reassurance to individuals and families alike. The company's dedication to prompt and transparent claim settlements is evident in its average turnaround time of just 1.3 days for non-investigated claims,…

06 Mar

Bandhan Bank offers 8.35% p.a. for senior citizens

Business BureauBusiness

Bandhan Bank, a leading universal bank, has announced one of the best interest rates on FD & SA, in the banking industry. The bank offers up to 8.35% per annum for a tenure of 500 days to senior citizens & 7.85% for others on FD. The bank also offers a 7.5% interest rate for senior citizens on Tax Saver fixed deposits for 5 years, while others can earn 7% for the same FDs. This offer is for a limited period. Additionally, the bank offers an interest rate of up to 7% on savings bank account balances. Customers can also book…

06 Mar

Filmfare announce to host the inaugural edition of the Filmfare Awards Assamese 2024

Business BureauBusiness

Filmfare has announced the inaugural edition of the Filmfare Awards Assamese 2024, a groundbreaking chapter in the Indian film industry's legacy. The event, which will honor Assamese movies released between January 1st, 2023, and December 31st, 2023, will take place at the prestigious Taj Vivanta in Guwahati on March 10, 2024. The event will feature performances by some of the biggest names in Assamese cinema, including Jatin Bora, Nishita Goswami, PreetyKongana, Urmila Mahanta, Priyam Pallabee, Ranjit Gogoi, Gayatri Hazarika, and Dikshu Sarma. The ceremony will be led by Kopil Bora and Aimee Baruah, who will showcase their infectious energy and…

06 Mar

ONGC partners with Assam Energy Institute, announces facilities to cultivate energy sector experts

Business BureauBusiness

ONGC, the nation's Energy Maharatna, has joined forces with the Assam Energy Institute to spearhead the development of top-tier talent in petroleum technology and allied fields. This collaborative effort marks a significant step towards addressing the industry's evolving demands for skilled professionals. The inauguration ceremony, graced by esteemed dignitaries including Shri Rameswar Teli, Union Minister of State for Petroleum and Natural Gas, Labour and Employment, witnessed the unveiling of state-of-the-art infrastructure comprising the Academic Block, Boys’ Hostel, and Girls’ Hostel at the Assam Energy Institute in Sivasagar. Shri Arun Kumar Singh, Chairman & CEO, ONGC, highlighted the institute's pivotal role…

05 Mar

India’s first underwater metro service to be inaugurated on March 6

Business CorrespondentBusiness

PM Modi will inaugurate India’s first underwater Metro facility during his visit to West Bengal's Kolkata on March 6, marking a major step forward for transportation in the city. The under-water tunnel is part of the Kolkata Metro extension project, that will connect Salt Lake to Howrah via Kolkata with a stretch below the Hooghly river. This remarkable engineering feat features a 16.6 km tunnel under the Hooghly River. The metro aims to decrease congestion, reduce pollution, and establish a new mode of transportation.

05 Mar

Ambition Group launches ‘Arista by Ambition’ a luxury hotel in Guwahati

Business CorrespondentBusiness

Guwahati, which is one of the most Hospitality & Tourism building cities, has added an exclusive feather onto its much glorious cap as it opened doors of ‘Arista by Ambition’ a luxury hotel with 5-star facilities by Ambition Group in the heart of Guwahati. The launch press conference was held in the revered presence of Mr. Anupam Sarma, Chairman & Managing Director, Anupam Nirman Pvt. Ltd; Anindya Sarma, Director; Prakash Agarwal, Director and Prasun Bhattacharya, General Manager. Strategically located in the heart of upscale Guwahati at Ananda Nagar, Christian Basti, the hotel is within proximity of the Airport and Railway…

05 Mar

IBM boosts technology expertise in India to drive AI adoption

Business BureauBusiness

IBM (NYSE: IBM) has announced a significant expansion of its Technology Expert Labs in India, focusing on accelerating the adoption of cutting-edge technologies such as Generative AI, Data & AI, Automation, Sustainability, Security, and Infrastructure. Situated in Bengaluru and Kochi, these labs will serve as hubs for driving outcome-based engagements globally, assisting clients in harnessing the full potential of emerging technologies to stay competitive in today's market. The initiative comes at a time when businesses worldwide are increasingly turning to advanced technologies like AI to fuel innovation and efficiency. However, challenges such as limited AI skills and expertise have hindered…

05 Mar

Demerging of Tata Motors businesses

Business BureauBusiness

Tata Motors Limited (TML) has approved the demerger of its Commercial Vehicles and Passenger Vehicles businesses into two separate listed companies. The demerger will be implemented through an NCLT scheme of arrangement, with all shareholders maintaining their identical shareholding in both entities. The demerger is a continuation of the subsidization of PV and EV businesses in 2022, allowing each business to pursue its strategies for higher growth and greater agility. While there are limited synergies between the two businesses, considerable synergies can be harnessed across PV, EV, and JLR, particularly in EVs, autonomous vehicles, and vehicle software. The NCLT scheme…

05 Mar

Inauguration of Skill India Centre in Angul

Business BureauBusiness

Union Minister of Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan, inaugurated the Skill India Centre (SIC) in Angul, aiming to equip around 1000 children annually with employability and new-age skills. While speaking at the event, Shri Pradhan said that the centre aims to broaden the scope of skill development and educational infrastructure in the region, particularly benefiting underprivileged sections of society. The centre has the potential to become a futuristic hub, equipping the youth with futuristic skills in high-demand trades and catalyzing entrepreneurship and skill development on a large scale. It will enable the youth to leverage modern…