Business News Northeast - Latest Business Northeast News & Updates

17 Jul

Federal Bank Reports Strong Q1 Earnings on Higher Interest Income

nanikaBusiness

Federal Bank has reported a strong financial performance for the first quarter of the financial year 2026-27, posting a 37 per cent year-on-year increase in net profit to ₹1,177 crore for the April–June quarter. The lender attributed the growth to higher net interest income (NII), improved net interest margins (NIM) and lower fresh loan slippages. The bank’s net interest income rose 26 per cent year-on-year to ₹2,946 crore, supported by healthy growth in advances and stronger margins. However, on a sequential basis, both net profit and NII declined by 7 per cent compared to the previous quarter. Federal Bank said…

17 Jul

Why India’s True AI Advantage Lies in Skipping the Expensive LLM Arms Race

anuprovaBusiness

While the United States and China pour hundreds of billions of dollars into building increasingly massive, capital-intensive frontier large language models (LLMs), a growing consensus of industry leaders argues that India's greatest strength is its choice to sidestep this costly foundation-layer race entirely. Rather than burning through immense capital and energy to build proprietary, multi-billion-dollar models from scratch, India is positioning itself as the ultimate deployment hub. By focusing heavily on the application and execution layers of the technology stack, the country is turning its lack of a dominant domestic LLM into a massive strategic advantage. Industry experts point out…

16 Jul

World of Hyatt expands HYROX partnership to India, launches race-cation experience

Business BureauBusiness

World of Hyatt has expanded its regional collaboration with fitness racing series HYROX to India, offering a range of travel and hospitality benefits aimed at racers and spectators attending upcoming events in the country. The expansion builds on Hyatt's role as the Official Regional Hotel Partner for HYROX across Asia Pacific and introduces the race-cation concept to Indian race destinations. As part of the initiative, actor and fitness enthusiast MilindSoman has joined the collaboration to promote fitness-focused travel experiences. HYROX, one of the world's fastest-growing fitness racing series, combines running with functional workout stations in a standardised race format and…

16 Jul

Domestic Investors Become Key Support as Foreign Holdings in Adani Enterprises Decline

nanikaBusiness

Foreign ownership in Adani Enterprises Ltd., the flagship company of billionaire Gautam Adani’s business group, has fallen to a record low, highlighting the growing role of domestic investors in supporting the company’s shareholding base. Foreign portfolio investors held an 8.8 per cent stake in Adani Enterprises at the end of the June quarter, the lowest level recorded since 2009, according to data from Prime Infobase. The figure is significantly below the company’s average foreign holding of more than 18 per cent over the past decade and has declined from a peak of nearly 23 per cent in September 2023. The…

16 Jul

Global Energy Shock: Brent Crude Soars Beyond $85 Mark as Middle East Hostilities Escalate

anuprovaBusiness

International oil markets registered a fourth consecutive session of robust gains, keeping Brent crude firmly anchored above $85 per barrel as intensifying military actions in the Middle East sparked severe energy supply anxieties. The renewed upward momentum was driven by fresh U.S. airstrikes targeting Iranian military installations, which followed the reimposition of a strict naval blockade on Iranian ports. With Tehran labeling the conflict an "existential war" and threatening to disrupt traffic in both the Strait of Hormuz and the Bab el-Mandeb gateway in the Red Sea, energy traders quickly priced in a heightened risk of prolonged maritime transit delays.…

15 Jul

Nuvoco Vistas posts strong Q1 earnings as capacity expansion gains pace

Business BureauBusiness

Building materials company Nuvoco Vistas Corp. Ltd. has reported a strong financial performance for the first quarter of FY27, backed by higher cement sales, improved profitability and progress in its capacity expansion programme. The company posted a 20 per cent year-on-year rise in Profit After Tax (PAT) to Rs. 160 crore, while EBITDA increased 7 per cent to Rs. 572 crore, marking its highest-ever first-quarter EBITDA. Consolidated total income grew 9 per cent year-on-year to Rs. 3,129 crore, with cement sales volume rising 5 per cent to 5.3 million metric tonnes (MMT). The company also inaugurated a 2 MMTPA grinding…

15 Jul

EaseMyTrip Joins Hands with Jharkhand to Showcase State’s Tourism Potential

nanikaBusiness

Online travel technology platform EaseMyTrip has signed a strategic Memorandum of Understanding (MoU) with the Department of Tourism, Government of Jharkhand, to promote the state’s diverse tourism offerings through digital initiatives and attract more domestic travellers. Under the partnership, EaseMyTrip will use its technology platform, extensive customer reach and dedicated spiritual and domestic tourism vertical EasyDarshan to showcase Jharkhand’s major attractions. The initiative will highlight destinations including Shri Baidyanath Dham, prominent temples, waterfalls, forests, eco-tourism sites, agri-tourism experiences and the state’s rich cultural heritage. EaseMyTrip Chief Executive Officer and Co-founder Rikant Pittie said the collaboration aims to bring Jharkhand’s spiritual,…

15 Jul

Motorola unveils moto g77 POWER with Sony camera, 7,000mAh battery at Rs 23,999

Business BureauBusiness

Motorola has launched the moto g77 POWER, positioning it as the segment's leading camera smartphone with a 50MP Sony LYTIA 600 sensor, a 6.72-inch FHD+ 120Hz display, and a 7,000mAh battery that the company claims can deliver up to three days of usage on a single charge. Priced at an effective Rs 23,999 for the 8GB+128GB variant, the smartphone will go on sale from July 13 through Flipkart, Motorola.in and leading retail outlets across India. Powered by the MediaTek Dimensity 6400 chipset, the device supports 5G connectivity, Android 16, Google Gemini integration, RAM Boost up to 24GB, and expandable storage…

15 Jul

Tata Motors, UCO Bank partner to widen commercial vehicle financing reach

Business BureauBusiness

Tata Motors has entered into a strategic partnership with public sector lender UCO Bank to strengthen India's commercial vehicle financing ecosystem by improving access to organised credit for customers across the country. The two entities have signed a Memorandum of Understanding (MoU) to offer attractive financing solutions aimed at making commercial vehicle ownership more affordable for entrepreneurs, fleet operators and businesses. Under the partnership, customers will have access to competitive interest rates, quick loan approvals, simplified documentation, high loan-to-value funding and flexible repayment tenures tailored to business cash flows. The companies said the collaboration would leverage UCO Bank's extensive branch…

15 Jul

PMI Bags FDA-Issued MRTP Orders for 20 ZYN Nicotine Pouch Products

rohanBusiness

Philip Morris International Inc. (PMI) has announced that the U.S. Food and Drug Administration (FDA) has issued Modified Risk Tobacco Product (MRTP) orders for 20 variants of its ZYN nicotine pouch products. This marks the first time the FDA has granted MRTP orders specifically for nicotine pouches. The historic authorization allows PMI U.S. to market a specific reduced-risk claim for these products, explicitly stating that using ZYN instead of traditional cigarettes puts the consumer at a lower risk of developing mouth cancer, heart disease, lung cancer, stroke, emphysema, and chronic bronchitis. Stacey Kennedy, CEO of PMI U.S., described the FDA's…