Business News Northeast - Latest Business Northeast News & Updates

04 Nov

Tata Passenger Electric Mobility Ltd sign an MoU with Jaguar Land Rover

Business Bureau0 CommentsBusiness

Tata Passenger Electric Mobility Ltd and Jaguar Land Rover Plc have signed a Memorandum of Understanding for the licensing of JLR's Electrified Modular Architecture platform for the development of TPEM's 'premium pure electric' vehicles series 'Avinya'. The partnership also includes an Engineering Services Agreement to support TPEM's change content requirements for the first vehicle development. JLR is set to launch its next generation of 'pure electric' mid-sized SUVs in international markets from 2025. The EMA platform, optimized for native BEV proportions, will offer interior space, comfort, and vision, along with advanced electrical and electronic architecture, connectivity, software, and over-the-air capability.…

04 Nov

Zomato reports Q2 profit of Rs 36 crore, stock jumps 10 percent

Priyanka Bhowmick0 CommentsIndia, BusinessBusiness, India

Shares of online food delivery platform Zomato rose nearly 10 percent on Friday after reporting a consolidated profit after tax of Rs 36 crore for the second quarter ended September 2023, driven by strong revenue growth. The company's stock rose 8.28 percent to settle at Rs 116.40 on the BSE. During the day, it zoomed 11.62 percent to touch a 52-week high of Rs 120. On the NSE, it rose 9.62 percent to Rs 117.90. In terms of traded volume, 83 lakh shares of the company were traded on BSE and 23.88 crore shares on NSE during the day. The…

04 Nov

Tata Motors Consolidated Q2 FY24 Results Released

Business Bureau0 CommentsBusiness

Tata Motors Ltd. (TML) has released its results for the quarter ending on September 30, 2023. TML maintained its strong performance in Q2 FY24, achieving revenues of 105.1K Cr, a 32.1% increase. TML's Q2 FY24 EBITDA and EBIT increased by 86.4% and 7.8KCr respectively, indicating profitable growth in all auto verticals. PBT (bei) experienced a substantial increase of 7.9KCr to 6.1KCr, resulting in a net profit of 3.8KCr. The business achieved a strong PBT of 11.4KCr in H1 FY24, an 18.2KCr improvement from the previous year, and reduced net automotive debt to 38.7KCr. JLR revenues increased 30.4% to £6.9b, driven…

04 Nov

NSDC partners HCL Tech to transform job markets

Business Bureau0 CommentsBusiness

Aligned with the vision of the Hon’ble Prime Minister, Shri Narendra Modi, to empower India’s youth through digital technology and Artificial Intelligence (AI), the National Skill Development Corporation (NSDC) has entered into a partnership with HCL Tech to bridge the skills gap, particularly in the tech and engineering sectors. Under this collaboration, both the organizations will work together to promote the adoption of technology among learners from diverse backgrounds and explore new global markets and business opportunities. NSDC CEO Ved Mani Tiwari and HCL Tech CEO C Vijayakumar have signed a partnership following the G20's Digital Economy Working Group meeting,…

04 Nov

Tata Motors to supply eco-friendly Ultra EV Electric Buses in Srinagar Smart City

Business Bureau0 CommentsBusiness

Tata Motors, India’s largest commercial vehicle manufacturer, announced that it has supplied the first batch of state-of-the art Ultra EV air-conditioned electric buses to Srinagar Smart City Limited, via TML Smart City Mobility Solutions (J&K) Pvt Ltd, a Tata Motors Group company. The Housing and Urban Development Department of the Government of Jammu & Kashmir is supplying, maintaining, and operating 100 electric buses in Srinagar and Jammu for 12 years. The initiative aims to establish an environmentally and financially sustainable public transport network for Srinagar. The zero-emission buses are indigenously built, equipped with advanced battery systems, and designed for safe,…

04 Nov

Kotak Mahindra Bank with Zurich Insurance Group announce strategic alliance

Business Bureau0 CommentsBusiness

Kotak Mahindra Bank Limited (“Bank”), Kotak Mahindra General Insurance Company Limited (“Kotak General Insurance”) and Zurich Insurance Company Limited (“Zurich”) have entered into definitive agreements for a transaction whereby Zurich will invest (approximately) Rs 4,051croreto acquire a51% stake in Kotak General Insurance through a combination of fresh growth capital and share purchase. Zurich plans to acquire a 19% stake in Indian non-life insurer, marking its largest investment by a global strategic insurer within three years of its initial acquisition. Tulsi Naidu, CEO Asia Pacific, Zurich Insurance Company Limited said, “With Kotak Mahindra Group’s high-quality franchise and expertise in Indian financial…

03 Nov

Zomato discount offers are not exactly honest, admits CEO Deepinder Goyal

Business Correspondent0 CommentsBusiness

Zomato CEO Deepinder Goyal in a recent conversation with YouTuber Ranveer Allahbadia revealed about the hidden story behind dishonest Zomato discounts on orders, when he was asked how the food delivery major manages to give seemingly huge discounts to buyers, order after order. "'Fifty per cent off up to Rs 80' is not a discount of 50 per cent, it is only a discount of Rs 80. If there is an order for Rs 400, that is only a 20 per cent discount. I want to change it, I don't call this discounting honest." "Discounting should be honest. If you…

03 Nov

Optum collaborates with NGOs in Delhi NCR for their annual Geographically Inclusive Volunteer Event

Business Bureau0 CommentsBusiness

Optum team members volunteered at multiple NGOs across Delhi NCR to connect with local communities and to help make a positive difference. This was part of the annual Geographically Inclusive Volunteer Event (G.I.V.E.) at Optum, taking place between October 3-15, 2023. Optum is a leading health solution and care delivery organization, part of UnitedHealth Group (UHG), a Fortune 5 company. Optum volunteers collaborated with NGOs like CanSupport and Maxvision Social Welfare Society to provide palliative care for cancer patients and engage children, women, and the elderly with performative arts, bringing smiles to their faces. The Saint Hardyal Educational and Orphans…

03 Nov

Manik Chand Jewellers launches its 6th luxurious store in Guwahati inaugurated by Daisy Shah

Business Bureau0 CommentsBusiness

Manik Chand Jewellers has opened its flagship store in Guwahati, marking a significant milestone for the jewellery house. Bollywood actress Daisy Shah attended the event, marking the brand's 6th store in the region and 4th in Guwahati. Daisy Shah was warmly welcomed by Krishan Kumar Soni, MD of Manik Chand Jewellers, along with the others members of Manik Chand Family. Honorable Governor of Assam, Shri. Gulab Chand Kataria graced the occasion by visiting the store. On visiting the store, he appreciated the opulent interior of the store and the memorable jewellery collections. Daisy Shah remarked, “It's a place where people…

03 Nov

Visit Dr. T.S. Boochandran at Apollo Information Centre Chennai Clinic Care Pvt. Ltd., Haldia on 4th Nov 2023

Business Bureau0 CommentsBusiness

Dr. T.S. Boochandran, a 25-year-experienced diabetologist and endocrinologist at Apollo Sugar Clinics in Chennai, holds an MBBS from Madras Medical College and an MSc from Kings College Hospital in London. He offers consultations for thyroid, parathyroid disorder, obesity, general and diabetic related problems. Dr. Boochandran will be available at Apollo Information Centre Chennai Clinic Care Pvt. Ltd. Debug (Moram Bus Stand), Haldia on November 4, 2023. For booking an appointments and registration, please call: 8670437828 or 7479314352.