Business News Northeast - Latest Business Northeast News & Updates

30 Jun

Toyota Mobility Foundation partners with Challenge Works and World Resources Institute

Business Bureau0 CommentsBusiness

The Toyota Mobility Foundation, Challenge Works, and World Resources Institute have launched a $9 million global challenge to help cities adapt to the future. The challenge aims to transform millions' lives across countries, including India, by focusing on reliable, efficient, and inclusive transportation. The initiative aims to apply advances in transport modes, infrastructure design, operations, energy options, and connected data systems. Entries are open to city leaders, municipal corporations, governments, transport departments, and other local and regional agencies from June 21st to September 18th, 2023. The Challenge focuses on expanding access to safe, affordable, and inclusive transportation, harnessing data for…

30 Jun

TKM pioneered India’s Miyawaki Concept-Driven Afforestation

Business Bureau0 CommentsBusiness

Toyota Kirloskar Motor (TKM) is focusing on environmental conservation through its afforestation initiatives under its sixth eco-challenge, "Living in Harmony with Nature." The company has been using the unique Miyawaki Method of Afforestation since 2009, making it the first Indian company to implement such a method. TKM's commitment to sustainability and ecological restoration has yielded remarkable results, with numerous advantages of the Miyawaki approach. Dr. Akira Miyawaki's Miyawaki Concept creates dense, multi-layered forests using native species to mimic natural regeneration processes. This approach promotes biodiversity and aids food chain and ecology. Toyota's Miyawaki plantation drive expanded to 112 acres, with…

30 Jun

Axis Mutual Fund Unveils ‘Axis Nifty IT Index Fund’

Business Bureau0 CommentsBusiness

Axis Mutual Fund, a rapidly growing Indian fund house, has launched the Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI. Managed by Fund Manager Hitesh Das, the fund aims to provide returns before expenses, matching the total returns of the NIFTY IT TRI, subject to tracking errors. The minimum investment amount is Rs. 5,000, in multiples of Re.1/-. Axis Mutual Fund offers 20 passive offerings, including the Axis Nifty IT Index Fund, which aims to provide returns before expenses that match the total returns of the NIFTY IT TRI. The scheme aims to invest…

30 Jun

NSDCI joined hands with INC to empower nurses with language and domain skill training

Business Bureau0 CommentsBusiness

NSDC International and Indian Nursing Council have signed a Memorandum of Understanding to enhance skill development in healthcare and allied sectors, enhancing language and domain proficiency for overseas job opportunities. The MOU was signed by Shri Ved Mani Tiwari, CEO of NSDC International, and Dr. T Dileep Kumar, President of Dr Sandeep Singh Kaura, Adviser, NSDC for Skill India International Mission, Mrs K S Bharti, Joint Secretary, INC, Mr Ajay Raina, COO, NSDCI and other senior dignitaries of NSDCI and INC. NSDC International (NSDCI) and INC, a subsidiary of the National Skill Development Corporation, are partnering to deploy 10,000 healthcare…

30 Jun

BigBasket’s B2C arm saw losses swell 89% in FY23

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, widened its loss to Rs 1,535 crore for 2022-23, according to details shared by Toffler.Toffler said BigBasket's losses increased by 89%, which means that the company posted a loss of around Rs 812 crore in 2021-22. The company's revenue rose 5% to Rs 7,462 crore. “The company reported a net loss of Rs 1,535 crore in the same fiscal. This is an increase of 89% over the last fiscal year. The total expenditure of the company during the financial year was reported as Rs 8,998 crore,” the report said.

30 Jun

MOMENTUM Routine Immunization Project organised successful meeting on Covid-19 vaccine reach

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The Momentum Routine Immunization Transformation & Equity project in Nagaland, in collaboration with ISRN, held a "Learning and Experience Sharing Meeting" to celebrate their efforts in reaching remote areas with COVID-19 vaccinations. The event featured distinguished guests from the government and development partners, community voices, a photo gallery walk, and panel discussions on COVID-19 vaccination learnings The Project partnered with local change agents such as community leaders, local NGOs, and others to mobilize communities. The Project complemented the efforts of the State Government to maximize reach, build vaccine confidence, and increase COVID-19 vaccine uptake among vulnerable and marginalized population groups.…

30 Jun

Oppo mobile brand ropes on RRR director SS Rajamouli as brand ambassador

Priyanka Bhowmick0 CommentsIndia, Business, EntertainmentEntertainment, India

Renowned filmmaker SS Rajamouli, known for his sensational work in the film industry, has reportedly bagged the role of brand ambassador of a popular mobile brand. While awaiting official confirmation, a video of Rajamouli's featured ad has gone viral on social media, creating a buzz among fans. This is Rajamouli's first commercial appearance. In the video, he wears a cream-colored blazer paired with a round-neck tee and matching trousers, revealing a stylish and sophisticated look with his salt-and-pepper beard. The ad was shot in a foreign country, where a Bollywood director supervised the work. Sources indicate that the commercial has…

29 Jun

Adani’s Power Plant In Jharkhand Supplies Electricity To Bangladesh Under 25-Year Contract

Business Correspondent0 CommentsBusiness

Adani Power Ltd has begun the export of electric supply to the neighbouring country, Bangladesh from its 1,600 Mega Watt ultra-supercritical power project based in Jharkhand's Godda district. "Accordingly, APJL will export (w.e.f. 00.00 hrs Bangladesh time, of June 26, 2023), entire power generated from the 2x800 MW Godda plant on commercial basis, as per Power Purchase Agreement, directly to Bangladesh through the dedicated 400 kV transmission lines, with net capacity of 1,496 MW," it said.

29 Jun

Rishikesh hosted the 3rd G20 Infrastructure Working Group Meeting

Business Bureau0 CommentsBusiness

The 3rd G20 Infrastructure Working Group Meeting, convened under India's G20 Presidency, will take place from June 26-28, 2023 in Uttarakhand, Narendra Nagar. Around 63 delegates from G20 member states, invited countries, international organizations, eight countries, and institutions will participate. The meeting focused on infrastructure development and financing principles for future cities, focusing on inclusivity, resilience, and sustainability. The second session, co-chaired by Brazil, discussed financing cities of the future. The first day discussed inclusive development, technology, Infratech, and digitization.The G20 delegates also learned about Nusantara, an ambitious city in Indonesia. Deliberations were held on developing future cities with equal…

29 Jun

Adani Group launched ‘Jeetenge Hum’ campaign, supporting India for ICC ODI World Cup 2023

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Adani Group launched a 'Jeetenge Hum' campaign on Adani Day, supporting Team India for the ICC ODI Cricket World Cup 2023, highlighting their unwavering support for the 1983 World Cup Cricket victory. The Adani Group celebrates Team India's 40th World Cup victory with a heartfelt campaign led by Chairman Gautam Adani. The campaign garners support from cricket legends and passionate fans, marking India's historic conquest. The campaign encourages Indian cricket fans to unite as one, and rally behind Team India with #JeetengeHum on Twitter and Instagram, backing the team's quest for victory and boosting their morale. In Ahmedabad, the 1983…