Business News Northeast - Latest Business Northeast News & Updates

12 Nov

India’s Zydus Life reports jump in second-quarter profit on steady U.S. demand

Priyanka RoyBusiness, News

Nov 12 (Reuters) - Indian drugmaker Zydus Lifesciences (ZYDU.NS), opens new tabon Tuesday reported a 14% rose in second-quarter profit, helped by strong demand for generic drugs in its key United States and Indian markets.The company's consolidated net profit rose to 9.11 billion rupees ($107.93 million), in line with analysts' average estimate of 9.13 billion rupees, according to data compiled by LSEG.Its total revenue rose 20% to 52.37 billion rupees, boosted by a nearly 30% rise in its U.S. market and a 10% inflation in its India business. These two markets contribute about 85% of Zydus Life's total revenue.For more…

12 Nov

Maruti Suzuki launches all-new Dzire: A perfect blend of style, performance and safety

Business BureauBusiness

Maruti Suzuki India Limited (MSIL) has launched the much-awaited All-New Dzire, setting a new benchmark in the compact sedan segment. With its sleek, modern design and enhanced features, the All-New Dzire is tailored for the ambitious, style-conscious individual who seeks a balance of sophistication, performance, and comfort. The latest version of the Dzire boasts several segment-first features, including an electric sunroof, 360 HD view camera, Suzuki Connect, and LED Crystal Vision Headlamps, making it a truly premium offering in its class. Powered by the Z-Series 1.2L engine, the Dzire delivers outstanding fuel efficiency, offering 24.79 km/l in Petrol MT and…

11 Nov

Tata Motors shares jump 3% as brokerage firms remain bullish despite a slowdown in the second quarter

Priyanka RoyBusiness, News

India's largest electric vehicle manufacturer Tata Motors has made a strong debut in the stock markets. The company's shares rose 3 percent to Rs 829. Although the company's shares remained weak in the second quarter, it was completely below experts' estimates. The company's net profit fell 11 percent to Rs 3,343 crore compared to the same quarter last year. This was due to weak performance in the Jaguar Land Rover (JLR) unit and the commercial vehicle segment. Apart from this, Tata Motors made a cautious comment. The statement said, "We are cautious about domestic demand in the near future." However,…

11 Nov

Bandhan Life Insurance highlights the benefits of pure-term plans for financial security

Business BureauBusiness

In today’s uncertain world, ensuring the financial security of your family is more important than ever. Pure-term life insurance plans offer a simple and affordable way to achieve this, focusing on providing maximum life coverage at minimal premiums. Akhil Almeida, Head of Marketing at Bandhan Life Insurance, emphasizes, “A pure-term plan is a must for every household, especially in today’s uncertain world. It ensures your loved ones are financially secure if anything happens to you.” A key advantage of pure-term insurance is its flexibility. Policyholders can choose terms ranging from 10 to 30 years, tailored to their needs. Additionally, Bandhan…

09 Nov

HIVE Digital shares jump 11% as bitcoin holdings rise

Priyanka RoyBusiness, News

Shares of cryptocurrency mining company HIVE Digital have surged 11% following its October production report reflecting a substantial year-over-year jump in bitcoin holdings.In its latest report, HIVE Digital announced that it mined 117 Bitcoin in October, marking a 1% increase month-over-month. The firm's HODL portfolio has grown to 2,624 BTC, an increase of 51% over the past year. Frank Holmes, executive chairman of HIVE Digital, attributed this growth to the firm's "prudent capital management," which allowed the company to maintain a strong portfolio while covering operating costs.HIVE Digital also shared a positive outlook on the recent US election results, hoping…

09 Nov

QNET India promotes wellness with health supplements for World Diabetes Day

Business BureauBusiness

World Diabetes Day World Diabetes Day, observed globally by the World Health Organization (WHO) on November 14, highlights the importance of managing diabetes with a focus on well-being and immune health. Diabetes is more than just a blood sugar condition—it affects the entire body, including the immune system, making it vital to adopt a holistic approach to wellness. With “Diabetes and Well-being” as the theme, this year emphasizes the importance of building resilience, immunity, and a balanced lifestyle for those managing diabetes. Diabetes can weaken immunity, leaving millions vulnerable to infections and other health issues. Through a natural, effective health…

09 Nov

IndiGo expands Northeast connectivity with eight new flights for winter season

Business BureauBusiness

IndiGo has announced the launch of eight new flights this winter, aiming to boost accessibility across Northeast India. The new schedule introduces exclusive tri-weekly flights between Agartala and Dibrugarh starting October 29, 2024, alongside direct flights connecting Guwahati to Dimapur and Ahmedabad from December 10. Additionally, Kolkata-Bangkok services will see increased frequency, with flights operating four times weekly beginning November 24, 2024. These new routes are designed to strengthen domestic connectivity, providing business and leisure travelers with convenient options across East and Northeast India. IndiGo’s Head of Global Sales, Vinay Malhotra, stated, “The demand surge has led us to expand…

08 Nov

News Corp reports 3% gain in first quarter revenue

Priyanka RoyBusiness, News

The news: News Corp. reported a 3% rise in first-quarter revenue, driven by expansion in book publishing, real estate services and Dow Jones segments.The company also announced that its Chief Financial Officer Suzanne Panuccio will step down from her position in January 2025 and will be replaced by Lavanya Chandrasekar.The figures: News Corp. posted first-quarter revenue of $2.58 billion, increase 3% from a year earlier.Net income during the quarter was $144 million, up $58 million from the year-ago period. Total segment EBITDA inflation 14% to $415 million from $364 million.Context: News Corp said revenue growth was driven by higher Australian…

08 Nov

HCG Cancer Centre Kolkata boosts breast cancer awareness with ASHA workers and local community engagement

Business BureauBusiness

In a bid to increase awareness about breast cancer, HCG Cancer Centre Kolkata hosted a dynamic awareness session at Premchand Bhawan, drawing 248 ASHA (Accredited Social Health Activist) workers. The event, marking Breast Cancer Awareness Month, was inaugurated by Mrs. Reba Raha, Chairperson of Bhatpara Municipality, and Dr. Amarjeet Singh, COO of HCG Cancer Centre Kolkata, with a focus on the significance of early detection and preventive health measures. Dr. Moumita Maity, Radiation Oncologist at HCG Cancer Centre, led an insightful session on self-examinations and regular check-ups, empowering ASHA workers with essential knowledge to promote health awareness within the community.…

08 Nov

Deloitte India launches first edition of Enterprise Growth Awards 2024

Business BureauBusiness

Deloitte India has announced the launch of the inaugural Enterprise Growth Awards (EGA) 2024, aimed at recognizing the achievements of exceptional family-owned businesses, unicorns, and soonicorns across North, South, East, and West India. Now open for participation, the awards will celebrate companies demonstrating outstanding leadership, innovation, and growth, as well as significant contributions to local community development. The evaluation process will focus on key factors such as financial performance, innovation, and social impact. To be eligible, family businesses must have a sales turnover between INR 1,000 crore and INR 5,000 crore, with over 26% promoter ownership. Start-ups with a valuation…