Business News Northeast - Latest Business Northeast News & Updates

08 May

Coal India net profit declines 18% on higher provisions

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

State-run Coal India Ltd missed street estimates and fourth-quarter net profit declined primarily due to increased provisions towards wages.Coal India posted a consolidated net profit of Rs 5,527.62 crore for the March quarter, down 17.7 percent from a year ago. Consolidated revenue for the quarter stood at Rs 35,161.44 crore, up 17.3 percent year-on-year. A Bloomberg poll estimated a net profit of Rs 7,752 crore and earnings of Rs 35,270 crore. The company has recommended a final dividend of Rs 4 per share. A total dividend of Rs 20.25 per share has already been paid in two installments earlier.CIL's total…

07 May

Shoppers Stop plans largest beauty store in Kolkata by Oct-Nov

Business Correspondent0 CommentsBusiness

Shoppers Stop an Indian department retail chain has come up with a plan of expansion drive. The retail has decided to establish 12-15 department stores with every coming year this would be continued for the upcoming 3 years with the plan of further introduction of standalone beauty stores. “India is growing, the market is evolving and the opportunity is huge. “We have committed to open between 12-15 department stores every single year for the next three years and 15-20 beauty stores every single year for the next three years,” said Venu Nair, managing director and CEO, Shoppers Stop, at an…

06 May

MSDE conducting PMNAM to boost career opportunities for India’s youth

Business Bureau0 CommentsBusiness

As part of Hon'ble Prime Minister Shri Narendra Modi’s vision to boost career opportunities for India’s youth under Skill India Mission, the Ministry of Skill Development and Entrepreneurship (MSDE) is conducting the Pradhan Mantri National Apprenticeship Mela (PMNAM) on May 8th, 2023, in250+districts across the country. Local businesses and organizations have been invited to participate in an apprenticeship mela to provide relevant apprenticeship training opportunities to local youth. Through a single platform, participating organizations can connect with potential apprentices, choose from their qualifications, and strengthen the livelihood opportunities of the youth. Individuals can register for the mela by visiting https://www.apprenticeshipindia.gov.in/and…

06 May

RSBSL Short Films presents ‘Somoyer Smritimala’ (Memories of Time)

Business Bureau0 CommentsBusiness

‘Somoyer Smritimala’ (Memories of Time) - Royal Stag Barrel Select Large (RSBSL) Short Films released its latest short film, directed by Goutam Ghose. Somoyer Smritimala will premier exclusively on Royal Stag Barrel Select’s Large Short Films YouTube Channel.The 35-minute film captures the sense of uncertainty and discomfort brought on by the lockdown, through the perspective of a couple living in the heart of Kolkata – Kabir Basu (played by Suman Mukhopadhyay), a writer in his late 40s, and his wife Sumita (played by Gargee Roy Chowdhury), a teacher. RSBSL Short Films has become ‘the’ destination for Indian short films where…

06 May

Vi users recharging with Rs 299 & above, get 5GB Extra

Business Bureau0 CommentsBusiness

Vi, the leading telecom operator has introduced an exciting ‘Maha’ recharge, offering its customers additional data at no extra cost by simply recharging through the Vi App. Vi recharges worth Rs 299 & above are eligible for 5GB Extra data (valid for 3 Days) at no extra cost. Recharges between Rs 199 and Rs 299 can get 2GB Extra data (valid for 3 Days) at no extra cost. The limited period offer is currently available on all Vi prepaid recharges worth Rs. 199 and above only on Vi App. Vi users can use the additional data to watch Movies, Live Stream Videos…

06 May

NSDC International helps Indians achieve their global job aspirations

Business Bureau0 CommentsBusiness

Positioning India as the preferred hub for providing skilled workforce globally, NSDC International continues to bring global job opportunities for resident Indians. NSDC International aims to equip Indian talent for the estimated 3.6 million international workforce mobility opportunities in the next five years through strategic collaborations with foreign governments and partnering for dedicated training programs. This will create job opportunities for Indians in foreign countries. NSDC International organized a felicitation ceremony for 30 candidates from various parts of the country who have received joining letters for different job roles. They will be joining DP World group companies. NSDC International successfully…

06 May

AIIMS, New Delhi to launch new surgical robotics training center

Business Bureau0 CommentsBusiness

AIIMS New Delhi and India Medtronic Private Limited have announced the opening of a state-of-the-art surgical robotics training center at AIIMS, New Delhi. The center will provide surgeons with best-in-class training in robotic-assisted surgery, which was first introduced in India in September 2021. The new training partnership was announced in the presence of Dr. Minu Bajpai and Michael Blackwell, bringing together innovative technology and decades of surgical expertise to train surgeons nationwide and expand access to RAS benefits. RAS is an emerging medical technology that can standardize surgical procedures and enable surgeons to perform complex surgeries. The training center will…

06 May

NSDC has registered on the Social Stock Exchange to access capital

Business Bureau0 CommentsBusiness

The National Skill Development Corporation (NSDC) has registered on the Social Stock Exchange (SSE). This is an effort by the Government of India to boost organizations working for underserved communities. The SSE is a unique initiative, allowing social enterprises and voluntary organizations to access a wider capital pool. NSDC CEO Ved Mani Tiwari met with Mr. Hemant Gupta, MD, BIL Ryerson Technology Startup Incubator Foundation, and Head, BSE Social Stock Exchange. Finance Minister Smt. Nirmala Sitharaman proposed the idea of an electronic fund-raising platform, Social Stock Exchange, under the regulatory ambit of SEBI for listing social enterprises and voluntary organizations…

06 May

SAP Announced to Integrate IBM Watson Technology to SAP Solution

Business Bureau0 CommentsBusiness

SAP and IBM announced that IBM Watson® technology will be embedded into SAP® solutions to provide new AI-driven insights and automation to help accelerate innovation and create more efficient and effective user experiences across the SAP solution portfolio. SAP will use IBM Watson capabilities to power its digital assistant in SAP Start, which provides a unified entry point for cloud solutions from SAP and SAP S/4HANA® Cloud. New AI capabilities in SAP Start will help users boost productivity with natural language capabilities and predictive insights, built on IBM's trust and transparency and data privacy principles. SAP Start is extending digital…

06 May

Rana Group to invest Rs 1,900 crore in EV business

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

The Rana Group, which has diversified its business interests, on Friday said it will invest Rs 1,900 crore in the electric vehicle business in a phased manner, a top company official said on Friday.The group has also appointed cricketer Sourav Ganguly as the brand ambassador of its three affiliates Erica Agritech, Erisha E Mobility and Erisha Edu Support."We have signed two MoUs with the Uttar Pradesh government. We have to set up 100 EV charging hubs in PPP mode, and the investment will be around Rs 400 crore. Another MoU is to spread an EV park in Jhansi. More than…