Business News Northeast - Latest Business Northeast News & Updates

08 Feb

Samsung joined hands with Blinkit to Deliver Galaxy S24 Series within 10 minutes

Business BureauBusiness

Samsung, India’s largest electronics company, announced a tie-up with quick-commerce platform Blinkit to deliver its recently launched Galaxy S24 series in India. Customers in Delhi-NCR, Bengaluru and Mumbai can order Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones on Blinkit and get the phone delivered in less than 10 minutes. Customers buying the Galaxy S24 series on Blinkit can avail an instant cashback of INR 5000 if the purchase is done through HDFC Bank credit card. Samsung is partnering with Blinkit to meet the high demand for its flagship S24 series in India, which has secured record pre-bookings, making…

08 Feb

Tata Motors reports a strong Q3 FY24 performance

Business BureauBusiness

Tata Motors Ltd., (TML) announced its results for quarter ending December31, 2023. Tata Motors Consolidated reported a strong Q3 FY24 performance, with revenue 110.6K Cr (up 25.0%), EBITDA 15.8K Cr (up 60.6%), and EBIT of 9.2KCr. All automotive verticals continued profitable growth. PBT (bei) improved by 4.4KCr to 7.6KCr, and net profit was 7.1KCr. For YTD FY24, PBT (bei) improved by 19.0KCr, and net automotive debt reduced further to 29.2KCr. JLR revenue increased by 22% to £7.4b, driven by improved wholesales and reduced material costs, resulting in EBIT margins of 8.8%. CV revenue rose by 19.2%, CV revenue by 8.6%,…

08 Feb

Dr. Sitaram Jindal receives Padma Bhushan for philanthropic contributions

Business BureauBusiness

Dr. Sitaram Jindal, a luminary in the fields of philanthropy and healthcare, has been honored with the prestigious Padma Bhushan award for his exceptional contributions to Naturecure and social reform. The announcement of this esteemed accolade has sparked widespread jubilation across India, celebrating Dr. Jindal's transformative impact on healthcare and education.The recognition of Dr. Jindal's illustrious career stems from his pioneering efforts in advancing drugless therapy, particularly through his groundbreaking establishment of the Jindal Naturecure Institute (JNI). Born in 1932 in the humble village of Nalwa, Haryana, Dr. Jindal's journey towards Naturecure began amidst personal adversity when he sought refuge…

08 Feb

CEAT ISRL aims to attain INR 1000 crore valuation by the end of 2025

Business BureauBusiness

The CEAT Indian Supercross Racing League (ISRL), a revolutionary franchise-based motorsport spectacle poised to become the fastest-growing league in India focusing beyond cricket. The league showcased the adrenaline-pumping journey with an explosive opening at the Pune race, mesmerizing over 9000 fans on the ground with live broadcast on TV and OTT. The company recently diluted its 3% stake to concentrate on promotion and on-ground activations, with a pre-season opening valuation of INR 350 crore. The goal is to reach the maximum audience and elevate the sport's status, the promoters are in conversation with private investors to dilute 2% of the…

08 Feb

Ask QX launched by QX Lab AI

Business BureauBusiness

QX Lab AI, a pioneering Artificial General Intelligence (AGI) company, has launched Ask QX, the world's first hybrid Generative AI platform. The platform is designed by Indian-origin founders and is available in over 100 languages, including 12 Indian languages. It is a one-stop shop that aims to empower Indians across the country and beyond, to seamlessly engage with GenAI every day in their preferred language. The launch of Ask QX marks the initiation of a significant movement toward inclusive and accessible AI advancement in India. Asked QX is built on a hybrid model of 30% Large Language Model (LLM) and…

07 Feb

InfraMantra onboards Guru Randhawa as brand ambassador

Business CorrespondentEntertainment, Business

InfraMantra, a real estate service provider, announced the appointment of singer Guru Randhawa as its brand ambassador. The collaboration between InfraMantra and Guru Randhawa will start with a flagship event, signaling the beginning of future digital campaigns and exclusive promotional activities. This strategic collaboration looks forward to enhance InfraMantra's visibility and reaffirm its commitment to reshape the real estate industry. 'The incredibly talented Guru Randhawa's magnetic charm and mass appeal perfectly align with InfraMantra, a young brand in the real estate arena. The music maestro known for his hit tracks and captivating performances, Guru embodies the excellence and forward-thinking vision…

07 Feb

Tata Steel Collaborates With South Eastern Railway (SER) To Build Green Infrastructure

Business CorrespondentBusiness

Private steel major Tata Steel on Wednesday announced that it will collaboratively work with South Eastern Railway (SER) to develop sustainable rail infrastructure by utilising its slag-based aggregates. A deliberative meeting on the project execution was done between officials of the SER and Tata Steel, the company said in a statement. Now it's the high time for the utilisation of sustainable alternatives as it will also help in conserving the ecology, SER General Manager Anil Kumar Mishra told at the event on Tuesday. Tata Aggreto, a greener substitute of natural aggregates used for constructing roads, and Tata Nirman, used as…

07 Feb

Tata Motors achieved a 12% YoY increase in Total PV Sales of 54,033 units

Business BureauBusiness

Tata Motors Limited sold 86,125 cars in January 2024, a considerable rise from the 81,069 units sold in the previous year both domestic and international markets. Total domestic sales rise by 6%; from 79681 in January 2023 to 84276 in January 2024. The rate of decline for Domestic commercial vehicles in January 2024 and January 2023 was -3%, with a total of 30,643 vehicles sold in January 2024 as compared to 31694 in January 2023. The total sales of commercial vehicles in January 2024 and January 2023 were 32,092 and 32,780 respectively, indicating a -2% decline rate. Domestic sale of…

06 Feb

Instagram Adds Message Editing, Fix Mistakes Within 15 Minutes

Business CorrespondentBusiness

Instagram users have good news for all the users, as the social media platform has now roll out the new feature- the ability to edit your sent messages within a time duration 15-minute. The feature, already present on other platforms like WhatsApp and Telegram, is a significant improvement for those who have ever sent a message with an embarrassing mistake which was not possible to edit before. Whether it's a typo, a factual error, or a change of heart, you now have the access to rectify it without the awkwardness of unsending. However, there's a small note: the edited messages…

06 Feb

Toyota Kirloskar Motor showcases pioneering green mobility solutions at Bharat Mobility Global Expo 2024

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has taken center stage at the Bharat Mobility Global Expo 2024, unveiling its innovative green technology product line-up and robust localization initiatives. Themed ‘Grow India - Grow with India,’ the exhibition underscores TKM's unwavering commitment to national priorities such as 'Atma Nirbhar Bharat,' 'Energy Security,' and 'Carbon Neutrality.' Celebrating 25 years of operations in India, Toyota showcased a spectrum of electrified vehicle technologies, including Battery Electric Vehicle, Strong Hybrid Electric Vehicle, Fuel Cell Vehicle, Flex Fuel vehicle, and Emergency Response Vehicles. Noteworthy exhibits include the Innova HyCross, a Strong Hybrid Electric showcasing TKM's efforts in localizing…