Business News Northeast - Latest Business Northeast News & Updates

29 May

adidas – official Kit sponsor of the Indian Cricket Team

Business Bureau0 CommentsBusiness

BCCI (Board of Control for Cricket in India) and adidas has entered into a brand-new partnership as the kit sponsor for the BCCI. The contract, which runs through to March 2028, will give adidas exclusive rights for manufacturing kit across all formats of the game.adidas will be the sole supplier for all match, training & travel wear for the BCCI, including the men’s, women’s & youth teams. Starting June 2023, Team India will be seen in the three stripes for the very first time and will debut their new kit during the World Test Championship Finals. The partnership between the…

29 May

Cummins India Limited upshot the quarter and year end for March 31, 2023

Business Bureau0 CommentsBusiness

Cummins India Limited (NSE: CUMMINSIND) The Board of Directors of Cummins India Limited (CIL), at their meeting held, reviewed, and approved the financial results for the quarter and year ended March 31, 2023. The year ended March 31, 2023 saw a 26% increase in total sales compared to the previous year. In the quarter ended March 31, 2023, total sales increased by 29% compared to the same quarter last year. CIL reported record revenue for the second financial year in a row, driven by strong domestic and export demand. Pricing actions and cost management resulted in a record profit, but…

29 May

Abans Holdings Limited reported a net profit of Rs. 70.3 crore

Business Bureau0 CommentsBusiness

Abans Holdings Limited reported strong financial performance for the fourth quarter and fiscal year 2023, showing significant growth across various financial metrics, reinforcing its position as a key player in the industry.Abans Holdings Limited reported a net profit of Rs. 70.3 crore in 2023, a 14% increase from the previous year. Operating profit grew 15% to Rs. 76 crore, and revenue from operation was Rs. 1,150.97 crore. Agency income increased 83% to Rs 43 crore, and EPS was Rs. 14.81 per share. Abans Holdings Limited aims to expand beyond its current holding company status and act as sponsors and investment…

28 May

PhonePe: The First Payment App to Link 2 Lakh Rupay Credit Cards to UPI

Business Correspondent0 CommentsBusiness

PhonePe a leading Digital Wallet & online payment app has achieved a major milestone. The linkage of 2 lakh RuPay credit cards to UPI has been made possible by this online payment app. This will help customers to make in use their RuPay credit cards for transactions through UPI. "We are thrilled to partner with the National Payments Corporation of India (NPCI) and become the first payments app to link two lakh RuPay credit cards to UPI. We believe that RuPay cards on UPI will revolutionise the access and use of credit in the ecosystem, and we are committed to…

27 May

Go First Cancels All Flights Till May 30, Announces Full Refund

Business Correspondent0 CommentsBusiness

An announcement has been made by Go First Airlines on Saturday that the flights cancellation has been extended till May 30 adding that a full refund will be given to the passengers. The official media account of Go First Airlines took to Twitter and said, "We regret to inform you that due to operational reasons, Go First flights scheduled till May 30, 2023, have been cancelled. We apologise for the inconvenience caused by the flight cancellations," it said. "A full refund will be issued to the original mode of payment shortly," the letter read.

27 May

HDFC PMC achieved Rs. 50,000 cr. AUM milestone

Business Bureau0 CommentsBusiness

HDFC Pension Management Company Ltd., the fastest growing legacy Pension Fund Manager under the National Pension System (NPS)has crossed the milestone of Rs. 50,000 cr. of Assets Under Management (AUM) on May 15th 2023. Since its launch in 2013, the Company, a wholly owned subsidiary of HDFC Life Insurance Company Ltd., has grown at a fast rate (see table below). The AUM size has grown 400% in a span of thirty three (33) months from a base AUM of Rs. 10,000 Cr. which was achieved in July 2020.HDFC Pensionis the fastest growing legacyPension Fund Manager in India, under Retail and…

27 May

Tata AIA Life implemented a digital campaign for Mizoram in Mizo language to increase life insurance awareness

Business Bureau0 CommentsBusiness

The Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO TOKIO General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors. Under the leadership of the IRDAI, a committee of representatives from various Life and General Insurance companies have been working towards increasing awareness and penetration of life insurance in the state. As part of the process to discuss the progress of the initiatives and way ahead, a meeting was held in Mizoram under the guidance of Shri Lalramsanga Sailo, Secretary,…

27 May

HMD Global launched Nokia C32

Business Bureau0 CommentsBusiness

HMD Global, the home of Nokia phones, has launched the Nokia C32, the first smartphone in the popular C-series range with a 50MP Dual camera. It is powered by Android 13 and has a toughened glass finish for a premium feel.Nokia C32 is a new affordable design with a toughened glass back, dualtone finish, and elegant straight sidewalls. It has a bright 6.5’’HD+ display wrapped in three bold colours. The 50MPAI dualmain camera and 8MP selfie camera are supported by powerful imaging algorithms and equipped with a bespoke night mode with a powerful three-day 5000 mAh battery. Android 13 offers…

27 May

MAHE hosting W20-MAHE Women Vice Chancellors’ and Leaders’ Conclave in Bengaluru

Business Bureau0 CommentsBusiness

The Manipal Academy of Higher Education (MAHE) is hosting a "W20-MAHE Women Vice Chancellors' and Leaders' Conclave" in Bengaluru on 26-27 May 2023. W20 is the official G20 engagement group focused on gender equity, and its primary objective is to ensure that gender considerations are mainstreamed into G20 discussions. The event will be attended by over 40 women leaders from various parts of India to engage in meaningful discussions to advance equality for all those on the margins of development. Lt. Gen. Dr. M D Venkatesh and Dr. Sandya Purecha will deliver welcome address at MAHE campus. The discussions will…

27 May

MG Motor reaffirms its Commitment to Electric Mobility; Sold 10,000 ZS EVs in India

Business Bureau0 CommentsBusiness

MG Motor India has announced that its ZS EV has crossed 10,000 sales-mark in India. It is India's first pure-electric Internet SUV and is available in 2 variants (Excite & Exclusive) priced INR 23,38,000* and 27,29,800* respectively. The MG i-SMART is a 50.3kWh electric car with the largest prismatic cell battery in the world. It features 25.7cm HD Touchscreen Infotainment, Full Digital Cluster with 17.78cm Embedded LCD Screen, Dual Pane Panoramic Sky Roof, PM 2.5 Filter, Rear AC Vent, Digital Key with Bluetooth® Technology, Rear Drive Assist, 360 around view camera with Rear Parking Sensor, Hill Descent Control (HDC), Rain…