Business News Northeast - Latest Business Northeast News & Updates

16 Jan

Dharavi residents to get 17% more space than any other slum redevelopment project: Adani Group

Business CorrespondentBusiness

The Dharavi Redevelopment Project Private Limited (DRPPL), a collaborative venture between the Adani Group and the Maharashtra Govt, has announced plans to give eligible residents of Dharavi with spacious flats of 350 square feet consisting of independent kitchens and bathrooms marking a substantial improvement in living conditions. These flats will offer 17% more area compared to typical slum redevelopment projects in Mumbai. The cut-off date for eligibility determination has been fixed as January 1, 2000. A spokesperson for DRPPL expressed the vision behind this initiative, stating, "The new flats will be dream homes for all Dharavi residents and will raise…

16 Jan

Windfall tax reduced by Rs 600 per tonne to Rs 1,700 per tonne

Priyanka BhowmickBusiness, IndiaBusiness, India

India has reduced its windfall tax on petroleum crude from ₹2,300 to ₹1,700 ($20.53) per tonne, according to a government notification on Monday. The cut will come into effect from January 16, the order said. On 2 January, the government increased the windfall tax on petroleum crude oil from ₹1,300 to ₹2,300 per tonne. From July 2022, India imposed a windfall tax on crude oil producers and expanded duties on exports of petrol, diesel, and aviation fuel as private refiners sought to sell fuel abroad to profit from stronger refining margins rather than sell locally. It revises taxes fortnightly.

16 Jan

Record sales growth for JLR India

Business BureauBusiness

JLR India achieved three consecutive quarters of record sales, selling 3,582 units and experiencing a remarkable 93% of year-on-year (YoY) growth, with Range Rover and Defender leading with YoY increases of 250% and 150%, respectively, contributing to over 75% of the current order book. JLR India experienced a 74% YoY growth in Q3 of FY24, with retail sales of 1,226 units. The newly launched 24MY Range Rover Velar showcased an outstanding YoY growth of 183%in the quarter, significantly bolstering sales in the period. The order book at Q3 FY24's end showed a 92% YoY growth, covering over eight months of…

16 Jan

CEAT Indian Supercross Racing League collaborates with VIACOM18

Business BureauBusiness

CEAT Indian Supercross Racing League (ISRL) announced Viacom18 as its exclusive streaming and broadcast partner, guaranteeing that the adrenaline-fueled excitement of Supercross racing will reach fans nationwide. The league has also unveiled a thrilling master calendar for its debut season, featuring three exhilarating races in Pune, Ahmedabad, and Delhi, to captivate audiences across the country. This collaboration aims to bring the heart-pounding action of Supercross racing to millions of fans across the nation, ensuring an unprecedented viewing experience.CEAT ISRL is partnering with Viacom18 to stream races on JioCinema, allowing millions to watch live action on the go and on their…

15 Jan

NSDC has been certified by Great Place to Work®

Business BureauBusiness

The National Skill Development Corporation (NSDC), a knowledge and implementation partner of the Ministry of Skill Development and Entrepreneurship, has been certified by Great Place to Work® India under the Non-Profit and Charity category. Since its inception in 2008, NSDC has been promoting skill development by catalyzing the creation of large and quality vocational institutions. The company has also upgraded skills to international standards through significant industry involvement and developed necessary frameworks for standards, curriculum, and quality assurance. NSDC is committed to creating a workplace where everyone can grow and thrive, not just in their work but also in their…

15 Jan

IndiaSkills celebrate skills and empower individuals

Business BureauBusiness

The National Skill Development Corporation (NSDC), under the aegis of the MSDE, has extended the registration deadline for the competition IndiaSkills 2023-24. This prestigious event seeks to celebrate a myriad of skills, empowering individuals to envision a future filled with opportunities. The registration deadline for the competition has been extended until 15th January 2024, in line with Prime Minister Narendra Modi's vision of making India the third-largest economy in the world. The competition offers a unique opportunity for individuals with employability and domain skills in traditional and new job roles to showcase their skills on a global scale. Registration for…

15 Jan

Tata AIA expands ‘Bimarath’ campaign to West Bengal with a special focus on transgenders

Business BureauBusiness

In a proactive move to support the Insurance Regulatory and Development Authority of India's vision of 'Insurance for All by 2047,' Tata AIA Life Insurance Co Ltd (Tata AIA) expanded its 'Bimarath' campaign in West Bengal, covering both urban and rural areas. This initiative, launched in November’23, aims to increase awareness and penetration of insurance in the region.The Bimarath, a promotional van with a large LED display, reached districts in North Bengal earlier, conducting free health checkup camps. In December’23, it successfully covered Kolkata and South Bengal, organizing health check-up camps and engaging over 10,000 participants in 400 training programs…

15 Jan

Beam Suntory the launches of the new Oaksmith® Crafter’s Edition

Business BureauBusiness

Beam Suntory, a global leader in premium spirits, has unveiled the Oaksmith® Crafter's Edition, a new addition to its iconic Oaksmith® portfolio. House of Oaksmith® has launched Crafter's Edition, its first innovation in the IMFL category, aiming to welcome a broader audience while celebrating Japanese craftsmanship and its premium Indian whisky character, after achieving the 1 million mark within three years. Oaksmith® Crafter's Edition is a unique blend of high-quality Scotch Malt whiskies and smooth American Bourbons, crafted by Shinji Fukuyo, Chief Blender of Suntory, the founding house of Japanese Whiskies. With over 30 years of experience, Fukuyo has created…

15 Jan

Fireboltt unveils the new Android wristphone

Business BureauBusiness

Fireboltt has launched its DREAM wristphone, a cutting-edge Android smartwatch that will redefine wearable technology. The wristphone, priced at INR 5999, features the Android 8.1 OS and the Google Play Store, transforming smartphone capabilities into a sleek and compact design. It offers 12 different colors and strap designs, providing users with personalized style options. The 4G LTE nano SIM-enabled wristphone has a 2.02-inch true view display with 600 nits brightness and a 60 Hz refresh rate. It also offers WiFi and GPS for seamless connectivity. The device is powered by a Cortex Quad-Core CPU, 2GB RAM, and 16GB storage, providing…

14 Jan

Uber Launches EV Auto Rickshaw Service In Ayodhya Ahead Of Ram Mandir Consecration Ceremony

Business CorrespondentBusiness

In the backdrop of the coming grand consecration ceremony of Ram mandir, the ride-hailing platform Uber launched its electric auto rickshaw service in Ayodhya, operating under the Uber Auto category, in the presence of CM Yogi Adityanath. Uber announced the launch of its UberGo, an economical car service, and Uber Intercity operations in Ayodhya. These services target to cater to inter-city travel requirements, connecting the holy city with various famous destinations within Uttar Pradesh. Prabhjeet Singh, President of Uber India and South Asia, emphasized, "With this expansion, we are not only providing enhanced mobility options for tourists and pilgrims but…