Business News Northeast - Latest Business Northeast News & Updates

05 Oct

India surpasses Japan and UK in global mobile speed ranking

Business Correspondent0 CommentsBusiness

The launch of 5G services in India, helped surpassing the developed countries like UK, Japan and Brazil in global mobile speed ranking according to the reports of Ookla. With the help of 5G services India's speed performance has increased by 3.59 times. As per the reports of Ookla India's rank has moved from 119th to 47th this year with a download speed of 50.21 Mbps. India is also at the top in comparison with its neighbouring countries like Bangladesh, Sri Lanka, and Pakistan, as well as G20 countries, such as South Africa (48th place), Brazil (50th place), Japan (58th), the…

05 Oct

WHO approves second malaria jab for children

Business Correspondent0 CommentsBusiness

World Health Organization has given approval to a second malaria vaccine known as R21/Matrix-M which will protect people against the deadly disease, the vaccine has the highest efficacy of 75%. The vaccine was made ready with a collaborative effort of the University of Oxford and the Serum Institute of India, with an aim to protect vulnerable children who are at a higher risk of getting infected with this deadly disease. The WHO's Director-General, Tedros Adhanom Ghebreyesus, confirmed that the R21/Matrix-M vaccine will be available for administration by mid of 2024. In an effort to ensure widespread accessibility, he also said…

05 Oct

itel launches India’s first smartphone with 3D curved AMOLED Display under 15K segment

Business Bureau0 CommentsBusiness

After disrupting the sub 10K segment with innovation of premium affordable smartphones, itel has marked its debut into the 15K segment with the launch of S23+. Itel has launched its first 3D curved AMOLED Display Smartphone in less than 15K, priced at INR 12,999 with bank offers. The itel S23+ features an in-display fingerprint sensor, a unique feature in this price range. The online sale will be exclusively on Amazon India from 6th October, and itel is offering a special launch offer of free itel T11 earbuds worth Rs 2399. The itel S23+ is a high-end smartphone with a 3D…

05 Oct

Shri Dharmendra Pradhan signed MoUs with IBM to promote digital skilling

Business Bureau0 CommentsBusiness

Union Minister of Education and Skill Development and Entrepreneurship Shri Dharmendra Pradhan today presided over the signing of 8 MoUs between agencies of Ministries of Education and Skill Development and Entrepreneurship and IBM and delivered keynote address on this occasion. Speaking at the event, Shri Dharmendra Pradhan said, that “These partnerships forged today will go a long way in making our learners harness the true potential of technology, making them future wealth creators and entrepreneurs of the society”. The Memorandum of Understanding aims to offer curated courses to India's youth, focusing on future-ready skills in emerging technologies like AI, cybersecurity,…

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

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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.