Business News Northeast - Latest Business Northeast News & Updates

29 Sep

Consumers and food vendors urged to immediately stop using newspapers for packing

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Food regulator FSSAI has asked food vendors and consumers to immediately stop using newspapers for packing, serving and storing food items citing significant health risks. The Food Safety and Standards Authority of India (FSSAI) is working closely with the state food authorities to monitor and enforce regulations in this regard. FSSAI Chief Executive Officer (CEO) G Kamala Vardhan Rao "strongly requested consumers and food vendors across the country to immediately stop using newspaper for packing, serving and storing food items." He expressed concern over the use of newspaper for wrapping or packaging food and also noted the significant health risks…

28 Sep

Intel appoints Gokul Subramaniam as India President

Business Correspondent0 CommentsBusiness

Gokul Subramaniam who has worked at the different technical and business leadership positions in Intel, got promoted to the position of Intel India President. He has been working in Intel for over 11 years. After the promotion, the role of subramaniam has shifted from smaller area to larger one. From now onwards he will be incharge of Intel’s overall engineering and design operations in India, including driving innovation, cross-group efficiencies and execution of Intel products from the site. At present he is working as vice president in the Client Computing Group (CCG) and serves as general manager of Client Platforms…

28 Sep

Flipkart celebrates ‘Big Billion Explorers’ who redefine festive-success

Business Bureau0 CommentsBusiness

Flipkart explores the success stories of entrepreneurs known as the 'Big Billion Explorers,' who have achieved remarkable success with the help of Flipkart's annual flagship event, The Big Billion Days. Flipkart has played a pivotal role in their transformative journey by providing market insights, digital upskilling, and leveraging e-commerce. Flipkart highlights how The Big Billion Days act as a catalyst for business success, showcasing the determination and hard work of these entrepreneurs. Some of the success stories include: (a) Alok Verma, the owner of 'Hasty Toes,' an online shoe store in Agra. With dedication and business acumen, Alok aims for…

28 Sep

AGEL and TotalEnergies entered into a binding agreement to establish a new Joint Venture

Business Bureau0 CommentsBusiness

Adani Green Energy Limited (AGEL) and TotalEnergies have agreed to establish a new joint venture, equally owned by both companies, with a 1,050 MW portfolio. This portfolio will comprise a mix of already operational (300 MW), under construction (500 MW) & under development assets (250 MW) with a blend of both solar & wind power. AGEL will contribute to the JV the assets and TotalEnergies an equity investment of 300 MUS$ which will further support their development.Thanks to this new transaction, TotalEnergies will reinforce its strategic alliance with AGEL and support the company in becoming the Indian leader of renewable…

28 Sep

SBI Life Insurance signed a bancassurance pact with State Bank of Sikkim

Business Bureau0 CommentsBusiness

SBI Life Insurance, a trusted private life insurer in India, has signed a bancassurance pact with the State Bank of Sikkim (SBS) at the bank’s headquarters in Gangtok, Sikkim, to make comprehensive insurance solutions accessible to residents of Sikkim. Ensuring greater reach and penetration, the partnership will see an extensive distribution network of the State Bank of Sikkim spread across the state and offer SBI Life’s diverse range of protection, wealth creation, and savings insurance products to its customers. This partnership will empower customers to address their complete financial needs under one roof, making insurance products more accessible and affordable.…

28 Sep

UTI Mutual Fund will establish a new financial center in Nagaon

Business Bureau0 CommentsBusiness

UTI Asset Management Company, one of India's largest asset managers, is expanding its distribution reach with the launching of 29 new Financial Centers across 29 cities in a single day. UTI Mutual Fund has announced the opening of a new UTI Financial Centre at Nagaon. The new UFC will be opening at R.R.B ROAD. Haibargaon, District: Nagaon, State: Assam, PIN Code: 782002, Telephone No: 8657967277. The new offices will be inaugurated on 29 September 2023, demonstrating UTI AMC's commitment to providing better financial services and accessibility to investors. Mr. Imtaiyazur Rahman, MD and CEO stated, “We are constantly stepping up…

28 Sep

Bajaj Auto launches the Pulsar N150, India’s Favourite 150cc in a new avatar

Business Correspondent0 CommentsBusiness

Bajaj Auto, the world’s most valuable two-wheeler and three-wheeler company, launched the all-new Pulsar N150 in India. The Pulsar N150 is the perfect addition to the expanding Pulsar portfolio, which has seen a slew of sensational launches over the past 18 months, including the biggest ever Pulsar N250 and the incredibly successful Pulsar N160. With Pulsar N150, India’s largest-selling sports bike family finds a worthy new entrant that promises to not only retain the legions of Pulsarmaniacs but also add a host of new ones to the fold. The design language boasts dynamic and energetic character lines, tighter proportions, and modern…

28 Sep

I-T department searches Lenovo as part of tax evasion probe

Business Correspondent0 CommentsBusiness

The I-T (Income-tax) department raided at the at the offices of IT hardware maker Lenovo on September 27 (Wednesday) as part of a tax evasion probe against the company and some of its affiliates, official sources said. The raids were conducted at the offices in Haryana's Gurugram and Karnataka's capital city Bengaluru, they said. Lenovo leads the global personal computer (PC) market with a 24% share. The company clocked USD 1.9 billion in revenue in India in the financial year 2022-2023 , with a market share of 17% in the country. The sources said the taxman suspects tax evasion and…

28 Sep

Government to sell 50-year bonds for first time

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

The central government will sell 50-year bonds for the first time to meet demand for long-dated securities from the country's life insurance and pension fund sectors. This comes as a major development in the country's financial sector as a rapidly growing middle class seeks long-term financial security and retirement planning through such investments. The new 50-year bonds announced in the borrowing plan released by the Reserve Bank of India on Tuesday will add to the 30-year and 40-year tenor bonds currently offered. “Investor demand has strengthened, supported by the expansion of the formal sector, with households allocating a higher share…

27 Sep

Festive cheer: Milk prices may not rise further, says Amul chief

Business Correspondent0 CommentsBusiness

Cooperative Milk Marketing Federation MD Jayen S Mehta(owner of Amul) said that the prices of the milk may not rise further in 2023, the arrival of monsoons on time resulted into a pretty good situation. He further said that the timely monsoon has also helped dairy farmers to remain free from pressure of high prices of feed and fodder by keeping them under control. Earlier this year due to low production of milk the prices of it were increased in many cities.