Business News Northeast - Latest Business Northeast News & Updates

09 Feb

Samsung Galaxy XCover7 blend of military-grade durability

Business BureauBusiness

Samsung, India’s largest consumer electronics brand, launched its first ever enterprise focused smartphone - Galaxy XCover7, a powerful device which is rugged, and offers exceptional usability. Galaxy XCover7, engineered to survive extreme conditions aims to ease the lives of professionals, providing faster connectivity, seamless continuity, and minimizing risk of interruptions caused by external factors, allowing them to work faster and smarter. The Galaxy XCover7 offers 5G connectivity, improved processor performance, and increased memory for enhanced mobility. It features a powerful rear camera for barcode/QR code scanning and an expanded display size. The device also features a POGO charging pin for…

09 Feb

Axis Mutual Fund unveils its new fund offer ‘Axis S&P BSE Sensex Index Fund’

Business BureauBusiness

Axis Mutual Fund has launched the Axis S&P BSE Sensex Index Fund, an open-ended index fund tracking the S&P BSE Sensex TRI benchmark. The fund will be managed by Mr. Karthik Kumar and Mr. Ashish Naik and will open on February 8th, 2024, and close on February 22nd, 2024. The minimum investment is Rs. 500 and in multiples of Rs. 1/- thereafter. The S&P BSE Sensex Index is a free float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The fund aims to provide returns before expenses that correspond to the…

08 Feb

Shaadi.com CEO Slams IndiGo For ‘Inhumane’ Treatment Towards Passengers

Business CorrespondentBusiness

Anupam Mittal the CEO of Shaadi.com and a judge on Shark Tank India, took to X to express his discontent with IndiGo Airlines for what he describes as "inhumane" treatment towards the passengers. Mittal's grievances stem from two separate instances of significant flight delays he faced while flying with the budget carrier. His first discontent aroused during a flight from Delhi to Mumbai, where passengers were left waiting on the tarmac for over 45 minutes without air conditioning, apparently to reduce costs. The second incident took place on his return journey from Mumbai to Delhi, where the delay extended to…

08 Feb

42% of Kirana Stores Move Away from Paytm, Using Other Mobile Payment Apps: Survey

Business CorrespondentBusiness

After the RBI's restrictions against Paytm Payments Bank last week, 42 % of kirana stores have shifted from Paytm and started using other mobile payment apps, according to a survey by Kirana Club on Thursday. As per the survey, which covers 5,000 respondents, nearly 20 per cent said they intend to use other payment apps. The survey said the trust in Paytm has been lost among 68 % of Indian Kirana stores after the RBI statement. "The survey revealed another stark finding about the trust among local retailers regarding Paytm. It indicates that trust in Paytm has decreased among 68…

08 Feb

Inaugural Chapter of Vividhta ka Amrit Mahotsav to be held in Delhi

Business BureauBusiness

The Vividhta ka Amrit Mahotsav, a four-day cultural extravaganza, will take place in New Delhi from February 8th to 11th, 2024, showcasing the richness of Northeast India. The event timings are scheduled from 10 AM to 8 PM. The entry to the event is free. The Hon’ble President of India in the presence of the Hon’ble Minister of DoNER, Culture and Tourism will inaugurated the event on the 8th of February at 11.15 AM. This event is being held as a part of Udyan Utsav 2024 at Amrit Udyan inside the Rashtrapati Bhavan premises. The Ministry of Development of Northeastern…

08 Feb

MG Motor India recognizes 100 years with Wow Offerings

Business BureauBusiness

MG Motor India is celebrating its 100 years by introducing Wow prices, Exceptional Value Propositions, and Unique Brand Experiences for its 2024 range of models. The company has introduced a new trim of the MG ZS EV, along with Wow prices for the MG Comet EV, MG Hector, and MG Gloster. To make the company's portfolio more accessible and encourage faster adoption the ‘ZS EV Executive’ Variant launched at INR 18.98 Lakh, the Smart EV MG Comet- now starts at INR 6.99 Lakh, MG Hector now starts at INR 14.94 Lakh, MG Gloster currently starts at INR 37.49 Lakh, and …

08 Feb

IHG® Hotels & Resorts establishes presence in North East India

Business BureauBusiness

IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced a management agreement with Yuvaan Developers Private Limited for Holiday Inn Guwahati in India’s North-East region. Scheduled to open in January 2028, the new-build 150-key hotel signifies a significant stride towards IHG’s expansion strategy in secondary markets, in line with the growing demand for quality branded accommodation in the country. Guwahati, a thriving economic hub in northeastern India, is attracting both domestic and international travelers due to its special economic zones, industrial manufacturing areas, healthcare, and education sectors. The city is also a popular tourist destination, with…

08 Feb

Gautam Adani become the world’s 12th richest person

editorBusiness

Recently Adani Group Chairman Gautam Adani’s net worth has hit $100 billion again, making him the world’s 12th richest person, Bloomberg reported. Actually Adani has regained much of his wealth after US short seller Hindenburg Research’s allegations sent his fortune plunging in early 2023. Adani Enterprises shares rose for an eighty day Wednesday after an earnings report showed a 130% surge in profit. This actually very good news as many people in India is becoming rich and making the country feels proud. Today India is very strong economy and everyone respects India a lot. Actually today India has become very…

08 Feb

Sitaram Kandi appointed as the new CHRO of Tata Motors

Business BureauBusiness

Tata Motors, India’s leading automobile and mobility Solutions Company announced that Mr. Sitaram Kandi is being appointed to the role of Chief Human Resources Officer (CHRO) of the company, effective 1st April 2024. Mr. Kandi will also serve on the Tata Motors Executive Committee Mr. Kandi currently leads Human Resources for Tata Motors' Passenger Vehicle and Electric vehicle businesses, as well as Employee Relations and Skill Building. Mr. Kandi will be taking over from Mr. Ravindra Kumar G.P, who has been serving as the CHRO of Tata Motors since 2018 and will be moving on to a new responsibility within…

08 Feb

BJP faces intra-party battle in Koloriang constituency

Business BureauBusiness

Arunachal Pradesh's political scenario is witnessing a heated battle within the ruling Bharatiya Janata Party (BJP) as the Koloriang constituency gears up for a fiercely contested election. In a recent mass joining event held at Sarli town within the 21st Koloriang assembly constituency, the stage was set for a showdown between incumbent BJP MLA Lokam Tassar and newcomer Pani Taram, who has recently switched allegiance to the BJP. Pani Taram, a former MLA who once served the constituency from 2014 to 2019, announced his candidacy, challenging Lokam Tassar's hold on the seat. The move has split the BJP camp, highlighting…