Business News Northeast - Latest Business Northeast News & Updates

18 Jul

Bajaj Allianz Life Insurance named lead insurer in Tripura’s life insurance market

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Bajaj Allianz Life Insurance, one of the leading private Life Insurance companies in India, has been nominated by Insurance Regulatory and Development Authority of India (IRDAI) as the lead insurer (for Life) for the state of Tripura, to improve insurance awareness and penetration across the state. A State Level Insurance Committee, constituted by IRDAI, state government, and insurers, began operations in Agartala. ICICI Lombard GIC Ltd., along with Bajaj Allianz Life, was nominated as the lead insurer in the Non-Life Segment. The State Level Insurance Committee aims to implement the State Insurance Plan, ensuring accessible insurance services for the uninsured…

18 Jul

Kashmir’s Namda craft revived through Skill India’s Pilot Project

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The Namda craft in Kashmir is being revived through Skill India's Pilot Project, with nearly 2,200 candidates from six districts receiving training. Union Minister of State for Skill Development and Entrepreneurship, Shri Rajeev Chandrasekhar, has flagged off the first batch of Namda Art products for export to the UK. The Namda Project exemplifies PM Narendra Modi's Skill India vision, empowering people and creating new opportunities, as highlighted by MoS Chandrasekhar. The Namda craft initiative has trained 2,200 candidates in six districts of Kashmir, namely Srinagar, Baramulla, Ganderbal, Bandipora, Budgam, and Anantnag, preserving and empowering local weavers and artisans. The project…

18 Jul

Tata Motors partners with Jawahar Navodaya Vidyalaya for vocational courses

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Tata Motors and Jawahar Navodaya Vidyalaya are partnering to offer vocational courses for secondary and senior secondary students at 25 JNVs in Gujarat, Maharashtra, Jharkhand, West Bengal, Karnataka, Uttar Pradesh, and Uttarakhand. The program, launched in 2022, has already trained 2500 students and is expected to cover 5000 students this year. Under this unique initiative, Tata Motors is utilizing its extensive expertise in the automobile domain to provide Automotive Courses (404 & 804) for vocational skilling to the students of JNVs. The course is offered to students in 9thto 12th grade and the curriculum and lab setup has been designed…

18 Jul

Bain Capital in talks to buy Adani Capital for Rs 1,500 crore

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Global private equity firm Bain Capital is reportedly in advanced talks to acquire Adani Capital, the shadow banking arm of Gautam Adani's conglomerate, for Rs 1,500 crore, the Economic Times reported. According to sources directly involved, Bain Capital has overtaken Carlyle to emerge as the frontrunner in the acquisition process, as Adani aims to revive its business interests and focus on core infrastructure while conserving cash. Adani Capital, founded seven years ago, is led by Gaurav Gupta, a former Lehman Brothers and Macquarie investment banker who joined the collective in 2016. The management team including Gupta owns about 10 percent…

17 Jul

MG launches India’s first pure-electric internet SUV, ZS EV with ADAS

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MG Motor India, the British automobile brand with a 99-year-old legacy, today launched the enhanced variant of its ZS EV with Autonomous Level-2, (ADAS) at a price of Rs.27.89 Lakh valid for a limited time. The MG ZS EV is a futuristic SUV with ADAS features that improve driving experience by providing assistance, control, and comfort. It combines electric power, internet connectivity, and autonomous capabilities, offering a sleek, on-road appearance and luxurious interiors. The 50.3kWh battery provides 17 ADAS features, 461 km on a single charge, meets global safety standards, and features iSMART, a 17.78 cm full-digital cluster, HD touchscreen…

17 Jul

Kia – India’s fastest & youngest carmaker to achieve 1mn milestone

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By rolling out the first unit of New Seltos, Kia India celebrated the milestone of dispatching one million vehicles from its manufacturing facility at Anantapur. This celebration also marks the production commencement of New Seltos which is one of the most evolved, Safer, and Smarter SUVs to be available in India. This significant achievement underscores Kia's commitment to the Indian market and showcases the success of its strategic approach. With the launch of the Seltos in August 2019, Kia made its entry into the Indian market. It quickly became one of India’s favorite SUV brands. In a record time of…

17 Jul

FCBD meet organized in Gandhinagar

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Under India’s G20 Presidency, the Finance and Central Bank Deputies (FCBD) meeting is been convened from July 14 - 18, 2023 in Gandhinagar. The two-day meeting is being, co-chaired by Secretary,Department of Economic Affairs, and Dr. Michael D. Patra, Deputy Governor, of RBI, the two-day meeting will discuss major global economic challenges among G20 members and partner countries. Union Finance and Corporate Affairs Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Dr. Shaktikanta Das will jointly chair the meeting. The third FMCBG meeting will feature G20 members, finance ministers, guest country central bank governors, and international organization heads…

17 Jul

Bandhan Bank’s total business stands at Rs. 2.11 lakh crore

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Financial results for the first quarter of the financial year 2023-24 have been announced by Bandhan Bank. The bank’s retail loan book grew at a healthy 87%. The Banks share of retail to total deposits now stands at 71%. In this quarter bank has achieved a landmark milestone of tripling its branch presence in less than 8 years of its presence. In the same period, the total business has grown to more than Rs. 2.11 lakh crore. The Bank’s total business grew 11% year-on-year to reach Rs.2.11 lakh crore as on March 31, 2023. The Bank serves more than 3.07-crore…

17 Jul

Honda has launched the all-new Dio 125

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Honda Motorcycle & Scooter India (HMSI), has launched the all-new, sporty, advanced, and convenient Dio 125 in India. The Honda Dio 125 is a sporty and stylish vehicle with a bold design, dual outlet muffler, and sporty exhaust note. It features a sporty front with a headlamp and sleek position lamps, and an edgy rear with a modern tail lamp and split grab rail. The engine is 125cc BSVI PGM-FI, boosted by eSP (Enhanced Smart Power), and features an idling stop system and sidestand indicator with engine inhibitor. The fully digital meter provides advanced information for a rich riding experience.…

16 Jul

Abu Dhabi Municipality enriches quality service

Business Correspondent0 CommentsBusiness

Abu Dhabi City Municipality in partnership with AI Wahda Mall and AI Mushrif Mall is organising the 'Tawasul' initiative. The initiative aims to spread awareness amongst the people about the upcoming projects and services started by the municipality. The initiative was launched at Al Wahda Mall on July 11,12 and 13 will be in continuation at Al Mushrif Mall till 26th of july. The initiative will strengthen the relationship between public and municipality, suggestions and ideas will be taken from the public to improve services.