Business News Northeast - Latest Business Northeast News & Updates

30 May

Market Mayhem: MSCI Rebalancing and Premium Valuations Trigger ₹20,637 Crore Single-Day FII Exodus

anuprovaBusiness

Indian equity markets witnessed severe turbulence on Friday as Foreign Institutional Investors (FIIs) executed a massive single-day sell-off, pulling out a staggering ₹20,637 crore from domestic stocks. This aggressive offloading heavily dragged down benchmark indices, sending the Nifty 50 tumbling by 359 points to close at 23,547. Market analysts pointed out that the primary catalyst behind this historic single-day liquidation was the scheduled semi-annual rebalancing of the MSCI Global Standard Index. The routine indexing shift triggered intense passive fund outflows, particularly impacting high-weight index heavyweights such as HDFC Bank, which experienced heavy institutional supply. Additionally, international investors are actively reallocating…

30 May

Coca-Cola and Google launch AI-powered ‘Halftime Surprise’ for Gen Z consumers

Business BureauBusiness

Coca-Cola India has partnered with Google to launch “Coca-Cola Halftime Surprise”, an AI-powered consumer engagement platform built using Google Gemini, aimed at turning everyday Coke breaks into interactive digital experiences for Gen Z consumers. Launched on May 28, the campaign introduces three AI-led experiences that consumers can access by scanning QR codes on special Coca-Cola packs. Inspired by Coca-Cola’s global “Halftime” philosophy, the initiative combines storytelling, music and artificial intelligence to create personalised content and reward-based engagement. The experience allows users to enter themed digital worlds powered by Gemini’s Canvas feature. Consumers can create comic-strip narratives, music-inspired alter egos and…

30 May

Hero MotoCorp launches Super Splendor XTEC 2.0 with advanced tech and higher fuel efficiency

Business BureauBusiness

Hero MotoCorp on Wednesday launched the all-new Super Splendor XTEC 2.0, an upgraded version of its popular 125cc commuter motorcycle, featuring enhanced technology, improved fuel efficiency and refreshed styling aimed at modern riders. The motorcycle maker said the latest Super Splendor XTEC 2.0 is part of its aggressive product revitalisation strategy and has been designed to offer a better everyday commuting experience. Built on the long-standing Splendor legacy that began in 1994, the motorcycle combines trusted performance with modern-day convenience features. Powered by a 124.7cc single-cylinder engine, the motorcycle delivers 10.7 bhp at 7500 rpm and 10.6 Nm torque at…

30 May

Legal Recourse Opens for Indian Businesses After Google’s $31,600 Trademark Penalty

nanikaBusiness

A landmark ruling by the Delhi High Court against tech giant Google could fundamentally reshape the economics of digital advertising in India. The court ordered Google to pay $31,600 in damages after finding that its AdWords platform infringed on the trademark rights of Hindware, a prominent bathroom fittings manufacturer. The court revealed that Google allowed Hindware’s competitors to bid on the brand's name as a keyword, effectively diverting organic customer traffic to rival businesses. In a scathing observation, the Delhi High Court stated that the current mechanics of Google's AdWords policy clearly demonstrate that the tech giant sells or auctions…

29 May

Hooghly students excel in SOF International Olympiads 2025–26

Business BureauBusiness

Students from Hooghly have delivered an impressive performance in the Science Olympiad Foundation (SOF) International Olympiads 2025–26, bringing recognition to the district through their achievements in global-level academic competitions. The SOF Olympiads this year saw participation from millions of students across 72 countries, including more than 29,000 students from Hooghly. Among the top achievers, Arshabha Samanta of Class 2 from Bikash Bharati Blooms Day School secured Rank 1 in the International Mathematics Olympiad (IMO), while Sourashis Roy of Class 4 from Sarada Vidyapith achieved Rank 1 in the International Computer Science Olympiad (ICSO). Both students will receive Gold Medals and…

29 May

Cummins India reports record FY26 revenue and profit growth

Business BureauBusiness

Pune-based Cummins India Limited on Tuesday reported a strong financial performance for the quarter and financial year ended March 31, 2026, driven by robust domestic demand and steady operational execution. The company’s total sales for FY26 stood at ₹11,950 crore, marking an 18 per cent increase over the previous year. Domestic sales rose 19 per cent to ₹9,961 crore, while export sales increased 12 per cent to ₹1,989 crore. Profit before tax, before exceptional items, climbed 24 per cent to ₹3,104 crore with a margin of 26 per cent. Profit after tax for the year stood at ₹2,330 crore, up…

29 May

Motorola breaks into India’s top five smartphone brands on premium and AI push

Business BureauBusiness

Global smartphone maker Motorola has entered the top five smartphone brands in India in the first quarter of 2026, driven by premium portfolio expansion, AI-led innovation and strategic partnerships, according to the latest IDC Quarterly Mobile Phone Tracker. The company climbed from the ninth position in Q1 2024 to the fifth spot in Q1 2026, marking one of the fastest growth trajectories in the Indian smartphone market over the past two years. Motorola’s market share also rose sharply from 4.6 per cent in Q1 2024 to 8.9 per cent in Q1 2026, compared to 7.5 per cent in Q1 2025.…

29 May

LIC Shares Halved Post Bonus Issue, But Investors Haven’t Lost Money

anuprovaBusiness

Shares of Life Insurance Corporation of India witnessed a sharp 50 percent fall on Friday after the stock turned ex-bonus for its first-ever 1:1 bonus share issue, triggering confusion among several retail investors. However, market experts clarified that the sudden plunge was only a technical price adjustment and not an actual erosion of investor wealth. Under the 1:1 bonus issue, shareholders will receive one additional share for every existing LIC share they hold. As a result, the stock price adjusted downward proportionately after the ex-bonus date, making it appear as though the share had crashed by half. Analysts explained that…

29 May

Travelport partners with Cognizant and Anthropic to boost AI-driven travel technology

Business BureauBusiness

Travel technology company Travelport has partnered with Cognizant and Anthropic to modernise travel booking and distribution systems using artificial intelligence, the companies announced on Tuesday. The collaboration aims to build an AI-powered travel ecosystem capable of improving how travel technology is developed, tested and maintained, while also bridging the gap between AI-driven travel planning and real-time booking systems. Under the partnership, Cognizant will deploy Anthropic’s Claude AI models across Travelport’s travel retailing and distribution platforms. The initiative is expected to help airlines, hotels, travel management companies and online travel agencies improve efficiency and automate complex travel processes. The companies said…

28 May

AM/NS India becomes first steel firm globally to produce API 5L X100 equivalent welded pipes

Business BureauBusiness

ArcelorMittal Nippon Steel India (AM/NS India) has become the first steel company in the world to manufacture the highest strength welded pipes equivalent to API 5L X100, marking a major breakthrough in offshore engineering and advanced steel manufacturing. The company said the welded pipes, produced in EQ70 grade steel, have received certification from the American Bureau of Shipping (ABS), a leading maritime classification society that validates compliance with stringent global standards for safety, strength and structural integrity in marine applications. Manufactured at the company’s flagship Hazira plant in Gujarat using Submerged Arc Welding (SAW) technology, the pipes are designed for…