Business News Northeast - Latest Business Northeast News & Updates

03 Aug

Crude Oil Prices Tumble as U.S. Suspends Planned Strikes on Iran to Pursue Diplomatic Talks

anuprovaBusiness

Global crude oil prices experienced a sharp decline during early trading sessions after U.S. President Donald Trump announced a temporary suspension of planned military strikes against Iranian energy infrastructure in favor of renewed diplomatic negotiations. According to market reports from Channels TV, international benchmark Brent crude tumbled nearly 5% to drop toward $83 per barrel, while West Texas Intermediate (WTI) fell below key psychological levels to trade near $80 per barrel. The sudden retreat in energy costs reflected an immediate unwinding of the geopolitical risk premium that had previously driven fuel prices higher amid fears of supply disruptions in the…

03 Aug

Tata Motors posts 37% jump in July commercial vehicle sales

Business BureauBusiness

Tata Motors Ltd. reported a 37 per cent year-on-year increase in its total commercial vehicle sales for July 2026, driven by strong domestic demand and a sharp surge in international business. The company sold 39,641 commercial vehicle units across domestic and overseas markets during the month, compared with 28,956 units in July 2025. In the domestic market, Tata Motors recorded sales of 33,876 units, up 28 per cent from 26,432 units a year earlier. International business emerged as the strongest growth driver, with sales soaring 128 per cent to 5,765 units from 2,524 units in the corresponding month last year.…

01 Aug

Bajaj Finserv Board Approves Reinsurance Venture, Awaits Regulatory Nod

nanikaBusiness

Bajaj Finserv has announced its entry into India’s reinsurance sector, with its board approving the move subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI). The development makes Bajaj Finserv the third private-sector player in nearly a year to announce plans to enter the domestic reinsurance market, which has traditionally been dominated by state-owned General Insurance Corporation of India (GIC Re). The move comes amid growing interest in India’s reinsurance industry, driven by rising insurance demand, regulatory reforms, economic expansion and efforts to strengthen domestic risk management capacity. In March 2025, Valueattics Re became the first…

01 Aug

Tata Motors Passenger Vehicle Sales Surge 58% to 62,611 Units in July as EV Dispatches Cross Historic 15,000 Milestone

anuprovaBusiness

Tata Motors reported a robust 58.7 percent year-on-year expansion in total passenger vehicle sales for July 2026, dispatching 63,760 units (domestic and exports combined) compared to 40,175 units in July 2025. Domestic passenger vehicle sales rose 58.4 percent to reach 62,611 units, supported by strong demand across the automaker's internal combustion engine and SUV portfolios. A major operational highlight for the month was the performance of the electric vehicle (EV) division, which crossed 15,000 monthly wholesales for the first time in company history. Tata Motors dispatched 15,217 electric vehicles in July, marking a 113.6 percent year-on-year surge from 7,124 units…

01 Aug

Bar Maestro stirs Kolkata’s cocktail scene as national bartending contest enters second round

Business BureauBusiness

ABD Maestro Pvt. Ltd., the luxury and super-premium spirits arm of Allied Blenders & Distillers Limited (ABD), has advanced its nationwide bartending platform, Bar Maestro, to Round 2 after receiving more than 350 entries from seven cities, highlighting the growing momentum of India's premium cocktail culture. Organised in partnership with the Tulleeho Beverage Academy, the competition has shortlisted 160 bartenders whose original highball cocktails, crafted using WOODBURNS Contemporary Indian Whisky, will now compete for a place in the national finals. The campaign has also generated strong consumer engagement, recording over 7.6 million views on Instagram. Kolkata emerged as a standout…

01 Aug

Text message scams under spotlight as NPCI urges users to strengthen digital payment safety

Business BureauBusiness

The National Payments Corporation of India (NPCI) has launched a public awareness initiative urging citizens to stay vigilant against text message scams, warning that fraudsters are increasingly exploiting trust, fear and urgency to target users of digital payment platforms. As India advances towards a digital-first economy, NPCI said awareness remains one of the strongest safeguards against financial fraud. According to NPCI, fraudulent SMS messages are designed to trick users into compromising their money, personal information or digital accounts by impersonating banks, government agencies, telecom operators, delivery companies or other trusted organisations. Scammers commonly attempt to persuade users to click fake…

31 Jul

Stayfree® drives menstrual hygiene innovation with upgraded Secure XL and ‘Pad Change Alert’

Business BureauBusiness

Innovation in India's feminine hygiene sector received a boost with Stayfree® unveiling the upgraded Stayfree® Secure XL, introducing the pioneering 'Pad Change Alert' feature that aims to redefine the consumer experience through technology-led product development. The latest offering leverages the brand's patented Double Leak Lock Technology, delivering Double Protection for up to 12 hours while helping users identify the right time to change their pad. The upgraded Stayfree® Secure XL incorporates two protective barriers, with the inner barrier locking in menstrual flow and the outer barrier gradually turning red to function as a visual 'Pad Change Alert'. According to STAYFREE,…

31 Jul

Adani Energy Solutions Plans Fresh Fundraising After ₹3,500 Crore Institutional Issue

nanikaBusiness

Adani Energy Solutions may launch another institutional share sale in the next financial year, after raising around ₹3,500 crore through a similar fundraising exercise this week, according to sources familiar with the matter. The company, part of billionaire Gautam Adani’s ports-to-power conglomerate, is considering another Qualified Institutional Placement (QIP) as it looks to strengthen its capital base and support future expansion plans. The company already has shareholder approval to raise up to ₹10,000 crore through share issuances in one or more tranches. Over the past eight months, Adani Group companies have raised approximately $4.75 billion through QIPs and rights issues.…

31 Jul

SEBI Grants In-Principle Approval for ₹1,491 Crore Settlement with NSE Over Past Lapses

anuprovaBusiness

The Securities and Exchange Board of India (SEBI) has granted in-principle approval to the National Stock Exchange of India (NSE) to settle long-standing regulatory cases for ₹1,491.21 crore. The agreement clears the single largest legal hurdle for the country’s premier bourse as it accelerates preparations for its long-awaited initial public offering (IPO). The settlement resolves proceedings tied to the high-profile co-location and dark-fibre cases, which involved allegations of governance lapses and failure to provide equal market access to all trading members. Under the agreed-upon terms, the settlement allocates ₹1,223.6 crore toward the co-location case and ₹267.7 crore to close the…

31 Jul

ArcelorMittal posts stronger second-quarter earnings on improved steel prices and European recovery

Business BureauBusiness

Global steel and mining major ArcelorMittal reported stronger financial performance for the second quarter ended June 30, 2026, driven by improved steel prices, resilient demand and better profitability across its operations, particularly in Europe. The company posted sales of $16.76 billion, up from $15.46 billion in the previous quarter, while EBITDA rose 22.9 per cent sequentially to $2.06 billion. Net income increased to $683 million, with earnings per share improving to $0.90 from $0.76 in the first quarter. The company also reported an EBITDA margin of $155 per tonne, reflecting gains from strategic investments, asset optimisation and diversified market exposure.…