Business News Northeast - Latest Business Northeast News & Updates

28 Dec

CEAT ISRL publishes rider auction details

Business BureauBusiness

The CEAT Indian Supercross Racing League 2024 has announced the roster for its upcoming rider auction in Pune on January 7th, 2024. CEAT ISRL is the first Supercross series globally, attracting champion riders to showcase their talent and chart their names on the global best chart. The league offers brands a unique opportunity to participate in off-road racing excitement. The Mega Rider Auction for season one will feature 104 riders, including 73 international racers and 31 Indian riders. Each team can have up to 2 riders per category, with a maximum of 48 slots available. The cumulative auction kitty in…

26 Dec

Jio launches Happy New Year 2024 plan at ₹2999: Details on validity, offers and all you need to know

Business CorrespondentBusiness

Following its tradition of announcing an annual New Year plan, Reliance Jio has launched the Happy New Year 2024 prepaid plan at a price of ₹ 2,999 and with an additional validity of 24 days. The changes to the ₹2,999 plan have brought down the effective cost per day for customers from ₹8.21/day to ₹7.70/day. The plan gives a validity of 365 days and total data of 912.5GB, which is offered at 2.5GB/day at 4G speeds, after which the speed is reduced to 64kbps. Like most other Jio plans, the company is offering unlimited 5G data to eligible customers as…

26 Dec

Delhi High Court gives significant victory to PPL India in copyright infringement case

Business BureauBusiness

On the eve of New Year and Christmas celebrations, Phonographic Performance Ltd. (PPL India) gears up to safeguard its extensive catalogue of over 70 lakh songs. The Delhi High Court (DHC) has delivered a decisive blow against copyright infringement, restraining entities from playing copyrighted songs controlled by PPL without the requisite license. PPL India, an 80-year-old entity, manages a vast collection of songs assigned by over 400 music labels, including major players like T-series, Saregama, Sony Music, Universal Music, Warner Music, Times Music, and Speed Records. The Delhi High Court has issued rulings that support PPL India, addressing unauthorized use…

26 Dec

Delhivery successfully operationalized its largest mega-gateway in Bhiwandi

Business BureauBusiness

Delhivery Ltd, India's largest logistics provider, has successfully operationalized its largest mega-gateway in Bhiwandi, covering 1,200,000 sq ft. of land. The Bhiwandi trucking terminal combines automated hub, sortation, returns, and freight operations, handling Delhivery's parcel and part-truckload freight volume simultaneously. The automated gateway, with 196 docking stations, can handle over 8,000 tonnes of freight and 1600 daily vehicles. Its automation system, developed by Falcon Autotech, includes 1.8 km of integrated double-deck cross-belt sorters and over 5km of material conveyance systems. It can process over 32,000 shipments and 17,000 freight units per hour. Sahil Barua, Managing Director & Chief Executive Officer,…

26 Dec

Smart India Hackathon 2023 launched by the Vice Chancellor at MIT

Business BureauBusiness

The Smart India Hackathon 2023, organized by the Ministry of Education, Government of India, and the Institutions Innovation Council at Manipal Institute of Technology (MIT), Manipal, commenced with a grand inauguration ceremony. The event was graced by the presence of Lt General Dr. MD Venkatesh, Vice Chancellor of MAHE, who delivered an inspiring address. The Smart India Hackathon 2023 is a platform for young innovators to collaborate, ideate, and develop transformative solutions to real-world challenges, with MIT being a key center for fostering innovation and excellence in education. Lt General Dr. MD Venkatesh highlighted the significant impact of Dr. TMA…

26 Dec

Kotak Mahindra Bank Name Mr. Eli Leenaars as an Additional and Independent Director on its Board

Business BureauBusiness

Kotak Mahindra Bank Limited (“Bank") announced on 18thDecember, 2023 the appointment of Mr. Eli Leenaars (full name: Mr. Cornelis Petrus Adrianus Joseph Leenaars)as an Additional and Independent Director on the Bank’s Board, for a period of four years, effective January 1, 2024, subject to fulfilment of statutory / regulatory or other requirements, as may be necessary. Mr. Eli Leenaars is, a successful leader with 35 years of experience in the financial services sector, has expertise in institutional and investment banking, asset management, corporate and retail banking, and life and general insurance. He is a respected expert on digital banking and…

26 Dec

North East Small Finance Bank Appoints Satish Kumar Kalra as Interim MD & CEO

Business CorrespondentBusiness

North East Small Finance Bank (NESFB) is delighted to announce the appointment of Mr Satish Kumar Kalra as its Interim Managing Director and Chief Executive Officer. With approval from both the NESFB board and the Reserve Bank of India, Mr. Kalra brings to the table an illustrious career spanning over four and a half decades in the banking industry. Mr Kalra’s professional journey is marked by his tenure at Andhra Bank as the Managing Director & CEO (In-charge), and Executive Director, where he drove significant growth achieving a 13% compound annual growth rate in credit and added over 1200 branches…

26 Dec

NSE opened Investors Service Centre in Imphal with SEBI & BSE

Business BureauBusiness

SEBI, along with NSE and BSE, has established an "Investor Service Centre" in Imphal to serve securities market investors in Manipur. The Investors Service Centre managed by NSE was inaugurated by Shri Santosh Kumar Sharma, Chief General Manager, SEBI on December 18, 2023 in the presence of Shri Debankur Majumdar, Regional Regulatory Head (East) of NSE and other officials from SEBI, NSE and investors. The Investor Service Centre will handle investor complaints against listed corporate entities and securities market intermediaries, and conduct investor awareness programs in the state. It serves as a single window contact for investor services, located at…

26 Dec

NSE launches Investors Service Centre in Shillong

Business BureauBusiness

In order to cater to the needs of securities market investors in the state of Meghalaya, SEBI along with stock exchanges NSE and BSE has established an “Investor Service Centre” at Shillong. The Investor Service Centre managed by NSE was inaugurated by Shri Jeevan Sonparote, Chief General Manager, SEBI on December 20,2023 in the presence of Shri Krishnan Iyer, Senior Vice President of NSE, Shri Debankur Majumdar, Regional Regulatory Head (East) of NSE and other officials from SEBI, NSE and investors. The Investor Service Centre will handle investor complaints against listed corporate entities and securities market intermediaries, and will also…

26 Dec

Bandhan Bank To collect Tax/Non-Tax receipts for Assam Government

Business BureauBusiness

Bandhan Bank has secured a mandate to collect revenue on the e-GRAS Portal from the Assam Government, enabling people to make tax and non-tax payments through the Government Receipt Accounting System Portal (GRAS). This will make transactions easier, paperless, and accessible for the people of Assam. The bank is present in all 35 districts of Assam with nearly 500 banking outlets and can pay for various services such as House tax, Vehicle Registration Tax, Local body tax, Water Bill, examination fees, and trade license renewal. The total collection through the Assam eGRAS portal for FY 2022-23 was nearly INR 16,000…