Business News Northeast - Latest Business Northeast News & Updates

04 Sep

Renault Nissan Automotive India Pvt Ltd completes 15-year foundation

Business Bureau0 CommentsBusiness

On August 26, 2008, Renault Nissan Automotive India Pvt Ltd (RNAIPL) established a state-of-the-art manufacturing facility in Oragadam, Chennai. Over 15 years later, the company has produced over 2.5 million Renault and Nissan cars in India for domestic and export markets. The plant is set to launch six new models, including two electric vehicles, in the coming years. RNAIPL has achieved 15 milestones in 15 years, including being the first dedicated Renault Nissan Alliance manufacturing plant, producing over 100,000 vehicles annually, and manufacturing 20 models. The company plans to manufacture six new models, including two EVs, as part of a…

04 Sep

Vijay Deverakonda shines in Fastrack’s ‘BeBoth’ campaign

Business Bureau0 CommentsBusiness

Fastrack's has a comes up with its new brand campaign 'Be Both', targets youth with its iconic watch and accessories brand. The #BeBoth campaign by Fastrack celebrates youth's effortless straddling of contradictory ideas, beliefs, and attitudes, particularly in fashion. Starring Vijay Deverakonda as the brand ambassador, the campaign celebrates the new era of youth expression. The campaign highlights the juxtaposition of contrasting realities in the lives of the youth, with an array of unique fashion contradictions - Subtly Dramatic, Seriously Playful, Prim and Improper. The brand aims to inspire its consumers to unabashedly "Be Both" and flaunt their contradictions with…

04 Sep

Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Parent Walmart paid $3.5 billion to acquire stake in Flipkart from non-controlling stakeholders, including co-founder Binny Bansal, the US retailer said in a Securities and Exchange Commission (SEC) filing. As reported by Moneycontrol in August, along with Bansal, Accel, one of Flipkart's early investors, and US-based Tiger Global Management have fully exited the Indian e-commerce player by selling their stake to Walmart. Along with them, Franklin Templeton and several other early investors in the e-commerce company also sold their shares to Walmart. A Walmart spokesperson confirmed the development in August and said the company had acquired an additional stake in…

02 Sep

“Initiatives taken to make UPI system available on feature phones”: RBI Governor Shaktikanta Das

Business Correspondent0 CommentsBusiness

Shaktikanta Das, the governor of the Reserve Bank of India, while addressing a program at Devi Ahilya Vishwavidyalaya in Madhya Pradesh's Indore district said that the measures are being taken to enable keypad mobile phones also operate the UPI payment system. He further said that he has discussed the information regarding the UPI payments at a central board meeting, the UPI transactions crossed 10 billion in the month of August.

02 Sep

UPL introduces Fascinate Flash for weed control in tea plantations

Business Bureau0 CommentsBusiness

UPL Sustainable Agri Solutions (SAS), an integrated AgTech platform of UPL Ltd., has introduced Fascinate Flash, a safe and innovative solution for weed control in Indian tea plantations. With rapid action, extended residual control, and crop safety features, Fascinate Flash revolutionizes weed management, positively impacting the economic and environmental aspects of tea farming. It quickly penetrates weed leaves, causing withering and elimination within four hours. Fascinate Flash also inhibits weed seed germination, maintaining a weed-free environment and reducing herbicide usage. This decrease in herbicide usage lowers product and labor expenses, boosting the return on investment for tea estate owners and…

02 Sep

Zomato brings AI buddy to help customers place orders

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Zomato, a food delivery platform and restaurant aggregator, has launched "Foodie Buddy" aka Zomato AI. Personalized chatbots will help customers choose what they want to order.The platform published a blog and said the bot is based on a multiple-agent framework, which equips Zomato AI with different prompts for different tasks, essentially giving it multiple superpowers, ready to serve customers at any time. The feature will be exclusively available for Zomato Gold customers and will be rolled out in phases. "Chanting for a specific dish? Zomato AI will present you with a widget, listing all the restaurants that serve your favorite…

02 Sep

RBI Appoints Bandhan Bank as authorized pension disbursement

Business Bureau0 CommentsBusiness

Bandhan Bank, one of the fastest growing private sector banks, announced that it has been appointed by Reserve Bank of India (RBI) as an authorised pension disbursement bank on behalf of Central Pension Accounting Office (CPAO), Ministry of Finance, for the civil pensioners. The Bank will soon be integrating with the office of CPAO to operationalise the disbursement process. The bank is authorized to disburse pensions to Central Government employees in Civil Ministries/Departments, National Capital Territory of Delhi, Union Territory Administrations without legislatures, retired Judges of High Courts and Supreme Court, and All India Service Officers. This Scheme also covers…

02 Sep

‘Manthan’ 2023 Skill & Entrepreneurship Conclave

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The North-Eastern Skill & Entrepreneurship Conclave, ‘Manthan 2023’ was inaugurated by Rajeev Chandrasekhar, Minister of State for Skill Development & Entrepreneurship and Electronics and Information Technology, and Rajkumar Ranjan Singh, Minister of State for Education and External Affairs. This event, held in Guwahati, Assam, from September 1 to September 3, serves as a platform for collaboration and convergence in skilling and entrepreneurship efforts in India's northeastern region. The Conclave brings together various stakeholders, including ministries, state governments, academia, industry associations, institutions, policymakers, corporations, and beneficiaries, to discuss skill and entrepreneurship development in the North-East. Key objectives include disseminating MSDE's vision…

01 Sep

Centre appoints Jaya Verma Sinha as first woman CEO, chairperson of Railway Board

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Jaya Verma Sinha who is currently working as a member of Operations and Business Development has been appointed as the chairman and CEO of the Railway Board.She is the first woman chairman and CEO of the Railway Board and has served at least 35 years at the Indian Railways. "The Appointments Committee of the Cabinet has approved the appointment of Jaya Verma Sinha, Indian Railway Management Service (IRMS) Member Operations and Business Development) Railway Board to the post of Chairman and the CEO…with effect from the date of assumption on or after September 1, 2023, a government notification read. Sinha…

01 Sep

Lakme launches its newest salon in Siliguri

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Lakmé Salon, India’s first and leading beauty and wellness salon chain has launched its newest outlet in Siliguri (West Bengal). This new one-stop beauty and grooming destination will offer the best in hair, makeup, skin care, nails, and hand and foot services to all discerning Siliguri customers, bringing a world-class salon experience with a strong focus on hygiene and safety protocols in accordance with government guidelines. This leading and largest salon chain, with nearly 40 years of industry leadership and a presence in 160+ cities across the country, brings the backstage expertise and experience of Lakmé Fashion Week to the…