Business News Northeast - Latest Business Northeast News & Updates

05 Oct

Apple CEO Tim Cook made $41 million from stock sale

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Apple ( AAPL. O) CHIEF Executive Officer Tim Cook sold his largest stake in two years, after a $41.5 million tax, showing a U.S. securities filing. Cook sold 511,000 shares, worth $87.8 million before accounting for taxes, according to a filing dated Tuesday. He made $355 million from a stock sale in August 2021.The Apple chief owns about 3.3 million shares, worth about $565 million, after the sale, the filing shows. The company's shares fell 13% from their record high of $198.23 in July as investors worried about a slower-than-expected recovery over smartphone demand. Apple launched its new iPhone 15…

05 Oct

Nutrition plays an important role to Fuel Child Growth

Business Bureau0 CommentsBusiness

Families often struggle when their child falls behind on the growth curve, as they desire their child to catch up on weight and height. However, if you find yourself in this situation, don't lose hope; you can take action to help your child get back on track.Dr. Ganesh Kadhe, Director of Medical and Scientific Affairs at Abbott's Nutrition, discusses the complex relationship between stunting, a malnutrition form, and the role of nutrient-dense food in growth. Childhood malnutrition, a form of undernutrition or overnutrition, negatively impacts a child's development and affects one in three individuals globally. Stunting, where children are below…

05 Oct

Toyota Hilux Gets Special-Purpose Makeover for Indian Army

Business Bureau0 CommentsBusiness

Toyota Kirloskar Motor (TKM) showcased a specially modified Hilux pickup truck at the Indo-Pacific Armies Chief's Conference (IPACC) held in New Delhi on 26-27 September. The vehicle was developed in collaboration with an authorized external vendor and is designed to meet the specific needs of the Indian Army.The modified Hilux features a number of adaptations that make it ideal for military use, including: (1) A reinforced chassis and suspension for enhanced durability and load-carrying capacity, (2) A raised roofline for additional headroom and cargo space, (3) A winch and other off-road accessories, (4) Specialized equipment for firefighting and rescue operations…

05 Oct

Torrent investments moves SC against Reliance Cap

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Torrent Investments Pvt. Ltd filed an urgent letter in the Supreme Court challenging the March 2 order of the National Company Law Appellate Tribunal, which allowed Reliance Capital's creditors to initiate a second auction as part of the corporate insolvency resolution process. In its three-page letter, Torrent said it sought the apex court's intervention for an urgent hearing and final disposal of its pending appeal, challenging the second round of auctions for debt-laden RCap's assets. In the second auction in April, Hinduja Group's IndusInd International Holding Ltd was the sole bidder. "Any further progress pursuant to the conduct of the…

05 Oct

NESFB has received NOC from RBI for merger of GIPL (slice) with the bank

Business Correspondent0 CommentsBusiness

North East Small Finance Bank (NESFB) have received a No Objection Certificate (NOC) from the Reserve Bank of India for the proposed merger of GIPL (slice), a fintech unicorn with NESFB, the local small finance bank headquartered in Guwahati, Assam. This is a pathbreaking move to accelerate their joint vision of expanding tech-enabled financial accessibility to the interiors of North East in addition to across the other states of the country. In the forthcoming months, NESFB will work towards receiving the requisite approval from other regulatory bodies namely NCLT, SEBI, etc. for the merger to be completed. On this momentous occasion, Ms. Rupali Kalita, MD &…

04 Oct

Centre hikes LPG subsidy for Ujjwala beneficiaries to ₹300 per cylinder

Business Correspondent0 CommentsBusiness

The union govt. has increased subsidy amount for the beneficiaries of Pradhan Mantri Ujjwala Yojana to ₹300 (an increase of rupees 100) per LPG cylinder, Union minister Anurag Thakur said during a briefing on Cabinet decisions on Wednesday. The market price of a LPG cylinder weighing 14.2 kg is Rupees 903, whereas the beneficiaries of the Ujjwala scheme currently pay ₹703 per 14.2-kg cylinder. After the decision of the Union Cabinet, they will now pay ₹603.

04 Oct

Ather Energy has opened its first Experience Centre in Mizoram, partnering with MST Motors

Business Bureau0 CommentsBusiness

Ather Energy, India's first intelligent electric scooter manufacturer, has opened its first Experience Centre in Bawngkawn, Aizawl, in association with MST Motors. The centre will offer test rides and purchase of the Ather 450X and 450S, two of the company's most popular models at the Experience Centres. The experience centre provides an interactive environment for electric scooter enthusiasts to learn about Ather's range of scooters. Test ride appointments can be scheduled through Ather Energy's website before visiting the Experience Centres. The Ather 450X, with a 3.7 kWh battery, will be available for test rides and purchase at the centre from…

04 Oct

Eastern Region Roundtable organized by NATHEALTH and INVEST INDIA in Guwahati

Business Bureau0 CommentsBusiness

In a significant milestone for the healthcare sector, NATHEALTH, in collaboration with INVEST INDIA, successfully organized the East Region Roundtable in Guwahati. The roundtable was organized to understand the healthcare requirements, ecosystem, and opportunities for investment in the region. The event brought together key stakeholders, including government officials, healthcare providers, industry experts, and community representatives, focused on fostering dialogue and collaboration to enhance healthcare services in Assam. Over 70 experts from various organizations, including the Indian Medial Association, Association of Hospital Providers of India North East Chapter, IIT Guwahati, Assam Cancer Care Foundation, Assam Medical Services Corporation Limited, and the…

04 Oct

Amazon Great Indian Festival 2023 with never-seen-before deals

Business Bureau0 CommentsBusiness

The Amazon Great Indian Festival (GIF), the most awaited festive event in India, will start from October 8, with 24 hours early access for Prime members. Customers can enjoy never-seen-before deals on the widest selection of products for customers, at great value and with the convenience of fast and reliable delivery. Customers will also get early access to more than 25,000 products till October 6 through Kick Starter Deals. Manish Tiwary, Vice-President & Country Manager, India Consumer Business, Amazon said, "We are geared-up to bring ‘boxes of happiness’ to our customers pan India and offer them a wide selection, unmatched…

04 Oct

TKM reported a record sales performance in September 2023, selling 23,590 units

Business Bureau0 CommentsBusiness

Toyota Kirloskar Motor registered yet another remarkable month of performance, selling 23,590 units in the month of September 2023. This represents a strong growth of (+) 53% over the same period last year where the company sold 15,378 units. Total sales achieved include domestic units of 22,168 and export of 1,422 units. In the previous month of August 2023, the company achieved its highest monthly wholesale figures ever by selling 22,910 units. TKM experienced a 35% growth in sales in the first six months of the current fiscal year, selling 1,23,939 units compared to 91,843 units last year. This success…