Business News Northeast - Latest Business Northeast News & Updates

16 Jun

KMBL announced the launch of ActivMoney

Business Bureau0 CommentsBusiness

Kotak Mahindra Bank Limited (KMBL) announced the launch of its ActivMoney feature, which gives customers the benefit of FD like interest up to 7%* p.a. and the flexibility to access their funds anytime. Through ActivMoney, excess funds in the account are automatically transferred into a Fixed Deposit, allowing customers to earn higher interest on their savings. The cumulative Savings Account deposit of all scheduled commercial banks in India is Rs 62.9 lakh crore, earning an industry average of 3.5% interest p.a. ActivMoney offers a 7%* p.a. interest rate for 180 days and no premature withdrawal charges, offering the customer the…

16 Jun

Hero Motocorp unveils iconic motorcycle Passion+ in refreshed avatar

Business Bureau0 CommentsBusiness

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has introduced the Passion+, a stylish and tech-loaded product. Passion+ is a perfect combination of style, comfort, and convenience, making it an ideal choice for daily commutes. It builds on the legacy of the iconic brand Passion, with a fresh touch to its youthful design while enhancing utility and comfort. The Hero Passion+ embodies nostalgia and remains contemporary, with a fresh masculine look enhanced by stylish graphics and a chrome finish. The Biggest Utility Case offers comfort and convenience. It has a Digi Analogue cluster that integrates i3S button. Rider…

16 Jun

Skill India celebrates the launch of the New Parliament Building, built by its own people

Business Bureau0 CommentsBusiness

Skill India celebrates the remarkable achievement of training 910 skilled carpenters who played a crucial role in the construction of the new state of the artparliament building, inaugurated by our Hon’ble Prime Minister, Shri Narendra Modi in New Delhi on May 28th, 2023. The successful construction of the parliament building is a testament to India's people, who have received transformative training through the Recognition of Prior Learning (RPL) programme under PMKVY, which has been recognized and enhanced by the Skill India Mission.The Furniture and Fitting Skill Council (FFSC) of MSDE, NDMC, and NARSI Group conducted a comprehensive training for the…

16 Jun

FY23 reports, Mahindra Last Mile Mobility is India’s No. 1 electric 3-wheeler manufacturer

Business Bureau0 CommentsBusiness

Mahindra Last Mile Mobility (LMM), a division of Mahindra& Mahindra, has cemented its No.1* electric 3-wheeler manufacturer status in FY23. During this period, LMM sold 36816 EVs and had a market share of 14.6%. The widespread 1150 touchpoints across India, 10 000+ charging stations set up, and the Mahindra brand reliability have helped LMM retain its No.1 EV manufacturer position. LMM added a 3-wheeler EV, the Zor Grand, to its electric portfolio in FY23, leading to an order book of over 23 000 vehicles. It also sold a whopping one lakh 3-wheeler EVs, strengthening its No.1* 3-wheeler EV manufacturer position.Mahindra…

16 Jun

Dharampal Satyapal Group acquires expand its confectionary portfolio

Business Bureau0 CommentsBusiness

Dharampal Satyapal Group (DS Group), a multi-business corporation and a leading FMCG Conglomerate announced the acquisition of The Good Stuff Pvt Ltd (formerly known as Global CP Pvt Ltd), brand owner of LuvIt Chocolate and confectionary, earlier owned by Goldman Sachs and Mitsui Ventures. This acquisition is a strategic move to grow and strengthen the Group’s Confectionary portfolio, whilst widening its distribution reach across grocery and other retail outlets. DS Group entered the confectionary business in 2012 and has a strong portfolio of non-chocolate brands such as Pass Pass, Pulse, Chingles, Rajnigandha Silver Pearls, Maze and the recent partnership with…

16 Jun

World Bank supports the Assam Agribusiness Growth Lab Program

Business Bureau0 CommentsBusiness

The CIIE.CO-led Assam Agribusiness Growth Lab (AAGL) Program, funded by the World Bank, has achieved remarkable success with 25 startups successfully accelerated in its first-year cohort. The second cohort, known as Cohort 2.0, aims to graduate over 100 startups within the next two years. The AAGL Program hosted "Assam Agri Startup Connect" on 9th June 2023 in Delhi to showcase businesses and present ideas to a distinguished panel of evaluators. The primary objectives were to secure investments, establish partnerships, and gain recognition within the industry. The first cohort of 25 startups achieved remarkable results, including a 20% average turnover increase…

16 Jun

India’s Reliance to raise up to $2 Billion to fund expansion

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

Mukesh Ambani-led Reliance Industries is in talks with foreign exchange lenders to raise up to $2 billion in funds for the expansion of the oil-to-telecom firm, a report said on Thursday. Reliance plans to use India's dedicated external commercial lending route to secure loans, Bloomberg reported, citing sources. The facility can last between three and five years and a portion of the money will also be used for refinance of loans that mature in September, the report said. Bank of America, Citigroup and Standard Chartered are among the lenders involved in the loan talks, the report added. Reliance had said…

15 Jun

Facebook Will Be Shut Down, Karnataka High Court Warns Over Investigation: Report

Business Correspondent0 CommentsBusiness

A citizen from India's Mangaluru named Shailesh Kumar has been imprisoned in Saudi Arabia after a disrespectful Facebook post against the ruler of Saudi and Islam religion. Wife of the victim Kavitha has claimed that it was a fake account of her husband used by someone else to post derogatory messages. Despite the complaint made by Kavitha, police has failed to inquire about the matter which forced Kavitha to move to High Court and file a petition in 2021 which was heard by Justice Krishna S Dixit on Wednesday. Earlier on June 12, the HC had ordered: "The Commissioner of…

15 Jun

HSBC India collaborates with Tata Motors for EV financing solutions

Business Bureau0 CommentsBusiness

HSBC India and Tata Motors have partnered to accelerate the adoption of zero emission Electric Vehicles. This partnership is in line with the two organizations' shared vision to promote sustainability and de-carbonize road transport, paving the way for a greener and cleaner future. HSBC India is offering customers with a salaried account with HSBC India a tailor-made loan to purchase an electric vehicle from Tata Motors' EV portfolio. Customers can apply for the loan with zero down payment, no hypothecation, low processing fee and no documentation charges. Additionally, customers will receive a special accessory kit for their Tata EVs as…

15 Jun

PMNAM will be conducted in200+ districts

Business Bureau0 CommentsBusiness

As part of Hon'ble Prime Minister Shri Narendra Modi's aim to expand professional options for India's youngsters under the Skill India Mission, the PMNAM will be hosted on June 12, 2023, in more than 200 districts nationally. Local companies and organizations have been encouraged to take part in the mela in order to offer kids in the area useful apprenticeship training possibilities. Through this network, businesses may get in touch with potential apprentices and select from their qualifications, improving the prospects for young people to find employment.This apprenticeship mela is open to Class 5 to Class 12 pass-outs, ITI certificate…