Business News Northeast - Latest Business Northeast News & Updates

07 Feb

Deloitte India launches jury panel for Enterprise Growth Awards 2025

Business BureauBusiness

Deloitte Touche Tohmatsu India LLP (Deloitte India) has revealed the distinguished jury panel for the highly anticipated Enterprise Growth Awards 2025. The initiative is dedicated to recognising the extraordinary achievements of family-owned businesses, unicorns, and soonicorns across India, celebrating their leadership, vision, and national impact. The prestigious jury is headed by S. D. Shibulal, Former Managing Director of Infosys, joined by notable members including Dr. Brinda Jaghirdar, Former Chief Economist of the State Bank of India; M. D. Ranganath, Chairman of Catamaran Ventures; and Manoj Kohli, Senior Advisor at Deloitte. Together, they bring unmatched industry expertise to ensure a rigorous…

07 Feb

Ujjivan Small Finance Bank submits application for Universal Banking Licence to the RBI

Business BureauBusiness

Ujjivan Small Finance Bank (Ujjivan), one of the leading small finance banks has announced the submission of the application for Universal Banking licence to the Reserve Bank of India (RBI). This step aligns with the Bank’s long-term vision to strengthen its offerings and its position in the sector. The Bank has consistently demonstrated strong financial performance and a commitment to financial inclusion, serving a diverse aspiring customer base. Ujjivan is prepared to join the ranks of universal banks, considered a very significant milestone in its evolution, subject to RBI granting its approval to its application. Commenting on the development, Mr. Sanjeev…

07 Feb

Eugenix Hair Sciences: The leading choice for cricketers, celebrities and athletes

Business BureauBusiness

Eugenix Hair Sciences is setting the benchmark for hair restoration with its trusted reputation among cricketing legends, international athletes, and Bollywood celebrities. With clinics across Delhi-NCR, Mumbai, Hyderabad, and Bhubaneswar, Eugenix offers advanced hair transplant techniques combining scientific expertise and artistic precision. Cricket icons like Mohammed Shami, Ravi Shastri, and Mohammed Azharuddin have endorsed Eugenix for its remarkable results. Shami, who underwent a procedure with over 4,500 grafts, praised the clinic for exceeding his expectations, while Shastri stated, “When it comes to hair, all roads lead to Eugenix.” Azharuddin, with over 8,000 grafts, highlighted Eugenix’s flawless hairline creation and smooth…

07 Feb

Apollo Tyres Q3 profit, margins downgrade estimates, revenue up

Priyanka RoyBusiness, News

Apollo Tyres' Q3 FY25 net profit fell 32.1% to ₹337.2 crore from ₹497 crore in the same period a year ago, also below CNBC-TV18 poll estimate of ₹378 crore. The drop in profitability was due to weak operating performance and margin contraction. Revenue for the quarter grew 5% year-on-year to ₹6,928 crore, higher than poll estimate of ₹6,744 crore. However, EBITDA declined 21.6% to ₹947 crore, well below the ₹1,208 crore recorded in Q3 FY24. The figure also fell short of analysts' expectations of ₹972 crore, reflecting higher input costs and lower operating efficiency. Raw material costs and competitive pricing…

06 Feb

Angel One shares increase 7% after firm’s January business update

Priyanka RoyBusiness, News

Angel One shares jumped nearly 7 percent on February 5 after the brokerage released its January business update. At 11.27 am, the shares were trading at Rs 2,503 per share. The company announced in its business update that its client base has grown 48 percent year-on-year to 3.01 crore in January 2025. This also reflects a 2 per cent growth from the 2.95 crore client base recorded in December 2024. Meanwhile, its average client funding book grew 87 per cent year-on-year to Rs 4,199 crore. This is 3 percent higher than the average client funding book of Rs 4,072 crore…

05 Feb

HCG Cancer Centre Kolkata hosts Pickleball Tournament for cancer champions

Business BureauBusiness

Observing World Cancer Day, HCG Cancer Centre Kolkata has organized a fun and inclusive Pickleball Tournament for cancer champions, clinicians, and care givers. The event, aligned with the global theme of “United by Unique”, aimed to highlight the strength, resilience, and unique journeys of cancer survivors while fostering a sense of unity through sport. Offering survivors a chance to engage in friendly competition, connect with others, and celebrate their courage. The event was graced by the presence of Mr. Prateek Jain & Dr. Amarjeet Singh. The pickleball tournament featured doubles matches with cancer survivors and their families participating alongside each…

05 Feb

Bandhan Bank’s total business grows by 17% to close at Rs. 2.73 lakh crore

Business BureauBusiness

Bandhan Bank has announced its financial results for the third quarter of the financial year 2024-25. The bank’s total business grew by 17% to close at Rs. 2.73 lakh crore. The Bank's share of retail to total deposits now stands at nearly 69%. The encouraging growth witnessed in the last quarter has been driven by it sexpansion in distribution, business efficiency and the favourable operating environment. The Bank now serves its customers through nearly 6,300 banking outlets in India. The total number of employees working at Bandhan Bank is now nearly 78,400. During Q3 FY25, the Bank’s deposit book grew…

04 Feb

Greaves Electric Mobility sees sales inflation in January

Priyanka RoyBusiness, News

Greaves Electric Mobility Ltd (GEML), the e-mobility arm of Greaves Cotton Ltd, reported robust sales in January. Under the company's flagship Ampere brand, it sold 3,611 units in January, making it the 5th best-selling electric two-wheeler brands in India, according to the vehicle portal. The manufacturer reported a 53% year-on-year growth and a 27% month-on-month growth, driven primarily by sales of its premium family electric scooters - Nexus and Magnus Neo. Overall, retail growth for Ampere (including slow-speed vehicles) stood at 38% month-on-month, which is higher than the industry growth average. The Magnus Neo, the updated variant of the recently…

03 Feb

UPL shares progress 5% after Investec upgrades rating to ‘buy’, raises price target to Rs 700

Priyanka RoyBusiness, News

UPL shares jumped over 5 per cent after global brokerage Investec upgraded its rating on the stock to 'buy' from an earlier 'sell' call, and hit a 52-week high of Rs 636.80 on February 3. Apart from the rating upgrade, Investec also raised its price target for the stock to Rs 700, significantly higher than the previous target of Rs 450. Investec's optimism towards UPL is driven by expectations that the company will successfully reduce its overall debt levels in FY25. UPL's net debt stood at Rs 27,531 crore as of September 2024. The brokerage is also confident that UPL…

01 Feb

Ola Electric Mobility shares upgrade 12%, back close to IPO price on new launches

Priyanka RoyBusiness, News

Shares of Ola Electric Mobility Ltd jumped as much as 12% on Friday, January 31, after the company launched new vehicles and announced more launches in the near future. With Friday's surge, the stock is back close to its IPO price of ₹76. As of Thursday's close, Ola Electric Mobility shares were down 57% from their post-listing peak of ₹157. The company today launched the Ola Electric Gen 3, with MD and CEO Bhavish Aggarwal saying the company has again become a leader in terms of EV two-wheeler market share. Aggarwal also said that while the competition got "a bit…