Business News Northeast - Latest Business Northeast News & Updates

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.

27 Sep

Revolutionising ATM Transactions: Utkarsh Small Finance Bank Introduces ICCW

Business Bureau0 CommentsBusiness

Utkarsh Small Finance Bank Limited (USFBL) has introduced an innovative service that is poised to transform the cash withdrawal experience. The bank has unveiled the Interoperable Cardless Cash Withdrawal (ICCW) service, which leverages the Unified Payments Interface (UPI) across its ATM network. This move aligns with the Reserve Bank of India's directive, urging all banks to incorporate Interoperable Cardless Cash Withdrawal (ICCW) options at their ATMs, and Utkarsh Small Finance Bank has taken the lead in adhering to this mandate. The ICCW service empowers bank customers who are active on UPI to easily withdraw cash from designated Utkarsh Small Finance…

27 Sep

Kayak Festive trend insights reveal Indian travelers’ willingness to embrace nomadism

Business Bureau0 CommentsBusiness

KAYAK, the world's leading travel search engine, has found that travel interest among Indians is increasing as the festive period of Diwali approaches. The research, which surveyed 1,200 Indians, revealed that 98% of respondents intend to travel within India during the festive period, while 60% plan to travel internationally. This indicates that Indians are eager to embark on journeys during this festive period, which starts from Navratris and Dussehra and ends with Diwali and BhaiDooj. KAYAK has introduced an updated Best Time to Travel tool that now includes ChatGPT integration. KAYAK data shows a 29% increase in domestic flight searches…

27 Sep

Droom Study found MG Hector Diesel provides the most favorable resale value

Business Bureau0 CommentsBusiness

Droom, India’s leading automobile e-commerce platform, conducted a study to find out which SUV offers the best resale value. The MG Hector Diesel, a highly competitive SUV, outperformed competitors like the Hyundai Creta, Tata Harrier, Mahindra XUV700, Mahindra XUV300, Kia Seltos, and Hyundai Alcazar in a rigorous comparative analysis. With an 85% resale value, MG Hector Diesel solidified its position as an industry leader in the SUV segment, highlighting its enduring legacy and reliability, which ensures its value remains intact for years to come. The MG Hector Diesel has a resale value of 80-85%, while the Hyundai Creta has a…

27 Sep

Ambani’s kids won’t get salary, only fee for attending board meetings

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Billionaire Mukesh Ambani's three children – Isha Ambani, Akash Ambani and Anant Ambani – will not get any salary as directors of Reliance Industries (RIL). A fee will be paid to attend their board and committee meetings in accordance with a resolution submitted by the company seeking shareholders' approval for their appointment to the board as non-executive directors. India's richest man Mukesh Ambani has been drawing zero salaries since FY21 and will continue to do the same for the next five years. “They shall be remunerated by way of remuneration for attending Board or Committee meetings or any other meetings…

26 Sep

Tata Motors launched the new gen NEXON launched at Kamakhya Motors in Jonali

Business Correspondent0 CommentsBusiness

Tata Motors, India’s leading automotive manufacturer, today launched the new gen NEXON launched at Kamakhya Motors in Jonali, Guwahati. Assamese film actor Gaurab Borah graced the programme as Chief guest. Yogesh Malhotra(CMD Kamakhya Motors), Madan Malhotra(CMD Kamakhya Motors), Prakhyat Baruah(Senior Manager Tata Motors Passanger Vehicle Ltd), Anjan baruah (Territory Sales Manager Tata Motors Passanger Vehicle Ltd), Rishi Khemka( Senior manager Tata Motors Passanger Vehicle Ltd), Upen Sarmah GM Kamakhya Motors), Binoy Tiwari (Deputy General Manager Tata Motors) also present during the launching programme. An embodiment of versatility, aspiration, and innovation, the new gen Nexon offers comprehensive upgrade across all vehicle…

26 Sep

LG Launches With New Wi-Fi Convertible Side by Side Refrigerator

Business Correspondent0 CommentsBusiness

LG Electronics India, India's One of the leading consumer durables & air conditioner brand, is set to redefine how we experience refrigeration with the launch of its revolutionary Wi-Fi Convertible Side by Side Refrigerator which allows users to convert the freezer section to a fridge from anywhere using LG ThinQ App. This cutting-edge appliance promises a new era of convenience and control in home appliances. The 2023 Wi-Fi Convertible Side by Side Refrigerator range currently offers 9 models, available in both Matt and Glass finishes, complete with chrome-finished door handles and exquisite metallic decorations inside. The refrigerator models will be…

26 Sep

Levi’s® launches “For Now, For A Lifetime” featuring Deepika Padukone

Business Bureau0 CommentsBusiness

Levi's® has launched a campaign "For Now, ForA Lifetime" to celebrate the moments that come from saying "yes" and how they become memories that shape each individual. The campaign highlights how it takes just seven seconds for instinct to turn into logic, reason, and hesitation, highlighting the hidden depths within each individual. The brand’s “For Now, For A Lifetime” campaign captures what following your instinct looks like. The film, inspired by real-life moments and instances, starts with Deepika Padukone sneaking away from a set, hopping into an auto-rickshaw and disappearing into the night. Her impromptu adventure becoming the thread that…