Business News Northeast - Latest Business Northeast News & Updates

19 Jul

Hindustan Coca-Cola Beverages renews the MoU with the Govt. of Telangana

Business Bureau0 CommentsBusiness

Hindustan Coca-Cola Beverages (HCCB), one of India’s leading FMCG companies, has announced the renewal of its MoU with the Department of Industries & Commerce, Government of Telangana, to upskill an additional 10,000 college students by 2023-24. Earlier, HCCB and the Govt of Telangana, together trained a total of 10196 students in the state to date in the first year of their partnership in 2022. HCCB and Telangana announced extension of initiative in presence of Mr. Ch Malla Reddy, Minister for Labour, Employment, Factories, Skill Development. The "Campus to Corporate" program aims to upskill college students and prepare them for the…

19 Jul

Spark Minda secures Rs 750-cr contract to produce Battery Chargers for EVs

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The flagship company of Spark Minda, Minda Corporation Limited has secured a contract from a leading OEM to produce Battery Chargers for Electric Vehicles (EVs). The lifetime value of the order is Rs 750-crore. This big order win underscores company's commitment towards sustainable mobility and enhances its range of EV offerings. The product will be manufactured at Spark Minda's state-of-the-art, Spark Minda Green Mobility Systems Private Limited (a wholly owned subsidiary of Minda Corporation Limited) facility at Pune. During the last financial year, electric vehicles accounted for nearly 20% of the total orders win. This project will further solidify Spark…

19 Jul

Adani Group Chairman Meets Bangladesh Prime Minister, visits Godda plant

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Adani Group Chairman Gautam Adani met with Bangladesh Prime Minister Sheikh Hasina in Dhaka after the full load commencement of power supply from India's Godda USCTPP. This marks the Adani Group's entry into transnational power projects, where 100% of generated power is supplied to another nation. Adani Power Jharkhand Ltd, a subsidiary of Adani Power, completed the dependable capacity test for the Godda plant in India on 12 July. The test, a mandatory requirement under the power purchase agreement with Bangladesh, evaluated the simultaneous functioning of the plant's two units. The first 800 MW unit began commercial operations on 6…

19 Jul

Solve for Tomorrow’s Top Ten Teams Selected

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Samsung India announced the Top 10 teams of its national education and innovation competition, ‘Solve for Tomorrow’, celebrating the spirit of innovation, enterprise and social responsibility amongst India’s Gen Z. The program ends with the announcement of three national winners, each with a chance to win INR 1.5 crore in prize money. Name of top ten teams are Demeter, Hackvengers, Jalraaj, Milaan, Musketeers, NIT Surat, Releathered, TEG, Think, Touchpad. Top 10 cities teams tackle real-world problems like seawater conversion, pest identification, food waste, beach cleaning, sustainable tanning, and accessibility for hearing loss individuals. They also aim to bridge communication gaps,…

19 Jul

Network18 Q1: TV news business logs 26% YoY revenue growth

Priyanka Bhowmick0 CommentsBusinessIndia

Network 18's TV news business grew 26% in revenue in the first quarter of the current fiscal year, the company said in its financial report. The company registered a revenue of Rs 337 crore in the quarter, compared to Rs 266 crore for the same period last fiscal. “The network's revenue grew 26% in the quarter, driven by strong growth in advertising revenue. Strong viewership gains are based on ad revenue growth that the network has achieved over the past year, which has helped improve certain channel values. Genre decreases while network ad inventory increases. The network also saw strong…

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…