Business News Northeast - Latest Business Northeast News & Updates

05 Mar

National Stock Exchange hits record high, 90 million unique investors join the market

Business BureauBusiness

The National Stock Exchange of India (NSE) has achieved an unprecedented milestone, with its investor base soaring to a staggering 90 million unique registrations as of February 29th, 2024. This surge underscores the growing allure of India's financial markets and marks a historic moment for the NSE. The total client codes on the exchange now stand at an impressive 169 million, showcasing a remarkable growth trajectory driven by a myriad of factors, including increased digitization, heightened investor awareness, and robust market performance. The acceleration in unique investor registrations has been particularly noteworthy, with a recent addition of one crore investors…

04 Mar

Samsung launches new smartphone with 6000mAh battery in India

Business CorrespondentBusiness

Samsung on March 4 (Monday) announced the launch of a new smartphone - Galaxy F15 5G, with a 6000mAh battery and sAMOLED display in India. Available in three colours -- Ash Black, Groovy Violet and Jazzy Green -- Galaxy F15 5G comes in 4GB+128GB and 6GB+128GB storage variants. The product will be available on Flipkart, Samsung.com and at other selected retail stores from March 11 at a starting price of Rupees 11,999 (inclusive bank offers). Early sale of the Galaxy F15 5G will start from March 4, on Flipkart. Customers buying Galaxy F15 5G in the early sale will be…

04 Mar

India Permits 64,400 Tonnes Of Onion Exports To UAE, Bangladesh

Business CorrespondentBusiness

The government has allowed exports of 64,400 tonnes of onion to the United Arab Emirates and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications of the commerce ministry. Bangladesh will receive 50,000 tonnes of onion whereas UAE will receive 14,400 tonnes of it. "Export of 14,400 tonnes of onions, with a quantity ceiling of 3,600 MT (metric tonnes) quarterly, to UAE through NCEL is notified," the directorate general of foreign trade (DGFT) said in a notification.

04 Mar

Dharmendra Pradhan announces the launch of Project ODISERV

Business BureauBusiness

Union Minister of Education and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan, launched Project ODISERV in Sambalpur to prepare young graduates of Odisha for employment opportunities in the financial services sector. The National Skill Development Corporation (NSDC) and Bajaj Finserv Ltd. have launched their first skill development initiative, Project Odiserv, at Gangadhar Meher University in Sambalpur, Odisha. The initiative, which is the first since the partnership was announced in December 2023, will provide knowledge and skills to first-generation graduates through Bajaj Finserv's Certificate Programme for Banking Finance & Insurance (CPBFI) program. The launch is expected to significantly improve skill development…

04 Mar

RBL Bank’s CSR initiative UMEED 1000 rolls out, empowers girl child education with bicycles and school kits

Business BureauBusiness

RBL Bank has reaffirmed its commitment to social responsibility with the launch of its CSR initiative - UMEED 1000. In a heartening gesture, the bank distributed 300 bicycles and school kits to underprivileged girl students in Guwahati, Assam, as part of its ongoing efforts to support girl child education. The donation event, graced by dignitaries such as Smt. Aruna Rajoria, IAS, and senior representatives from RBL Bank, witnessed the enthusiastic participation of the beneficiaries at the Khanapara Sports & Cultural Organisation. This initiative, aimed at addressing the challenge of access to education, particularly for those hindered by distance, marks a…

04 Mar

Tata Motors achieved 19% YoY increase in total PV sales of 51,321 units

Business BureauBusiness

Tata Motors Limited sales in the domestic & international market for February2024 stood at 86,406vehicles, compared to 79,705units during February 2023. The total domestic sales performance showed a 9% increase from February 2024 to February 2023, with total sales of 84,834 compared to 78,006. The total domestic sales increased by 9% from 78,006in January 2023 to 84,834 in January 2024. The rate of decline for Domestic commercial vehicles in February 2024 and February 2023 was -4%, with a total of 33,567 vehicles sold in February 2024 as compared to 35,144 in February 2023. The total sales of commercial vehicles in…

04 Mar

Samsung announced the launch of Galaxy F15 5G

Business BureauBusiness

Samsung has launched the Galaxy F15 5G, a smartphone with a segment-best 6000mAh battery, an AMOLED display, four generations of Android upgrades, and five years of security updates. The premium-styled device features a 6.5" AMOLED display, 25W Super-Fast Charging, and an additional 12GB RAM for smooth app operation and multitasking. It also has a 50MP triple camera setup with Video Digital Image Stabilization (VDIS) to reduce blur or distortion in videos. The device also has a 13MP front camera for clear selfies. The Galaxy F15 5G is available in three colors and will be available on Flipkart, Samsung.com, and select…

04 Mar

Palm oil plays a crucial role in global agriculture

Business BureauBusiness

Palm oil is a versatile and widely used vegetable oil derived from the fruit of the oil palm tree. It holds a crucial position in the global agricultural and food industries due to its unique properties and diverse applications. Oil palm trees, originally from West Africa in 1875 over 149 years ago, were introduced to South-East Asia for ornamental purposes. Indonesia and Malaysia currently supply over 85% of the world's palm oil, but 42 additional countries cultivate the plant, highlighting the global importance of palm oil production. Malaysia's palm oil industry, with over 15 laws, is implementing various technologies to…

04 Mar

Easy Trip Planners announces Q3 and 9M FY24 results

Business BureauBusiness

Easy Trip Planners has reported Q3 and 9M FY24 results, showcasing its comprehensive range of travel-centric services, catering to both domestic and international passengers. The company enables customers to efficiently search, plan, and procure travel-related services within India and internationally. Easy Trip Planners, a travel planning company, has reported a 9.5% YoY increase in Q3FY24 PAT to INR 456.6 million, indicating a commitment to profitability. FY24 Consolidated Revenue from Operations of Rs. 4,265.3 which has been increased 28.4% YoY, EBITDA of Rs 1,705.2 rose 17.9% YoY, and margin was 39.1%, with earnings per share of Rs. 0.68. EaseMyTrip has announced…

04 Mar

Tata Electronics in collaboration with PSMC is set to build the nation’s first Fab in Dholera

Business BureauBusiness

In a significant step towards creating an indigenous (“Make in India, For the World”) semiconductor ecosystem in India, Government of India has approved a proposal from Tata Electronics to build a mega semiconductor fabrication facility (“Fab”) in Dholera, Gujarat in partnership with PSMC. The fab construction will begin this year with a total investment of up to INR91,000crores (~US$11bn) and will generate over 20,000 direct and indirect skilled jobs in the region. With this announcement, Tata Electronics enters the global semiconductor industry. Tata Electronics and Powerchip Semiconductor Manufacturing Corporation (PSMC) will build India's first AI-enabled manufacturing facility, capable of producing…