Business News Northeast - Latest Business Northeast News & Updates

06 Oct

ICICI Life Insurance unveils ‘HarKalAasaan’ to make life insurance simpler for customers

Business BureauBusiness

ICICI Life Insurance Limited, formerly known as ICICI Prudential Life Insurance Company Limited, has introduced a new brand identity and tagline, ‘HarKalAasaan’, with a focus on making life insurance simpler, more transparent, flexible and easier for customers to navigate. The company said the new brand promise is designed around the changing needs of Indian consumers, who are managing evolving careers, family structures, longer lifespans and shifting financial priorities. The insurer aims to help customers make more informed and confident decisions about their financial future rather than viewing life insurance only as protection against uncertainties. Mr. Srinivas Balasubramanian, Chief of Marketing,…

05 Oct

Raymond Realty Q2 Momentum Strengthens on Existing Projects and New Pipeline

nanikaBusiness

Raymond Realty reported a sharp improvement in operating performance during the second quarter of FY27, with pre-sales nearly doubling year-on-year to ₹902 crore, up 98 per cent from the year-earlier period. Collections also recorded strong growth, rising 67 per cent to ₹682 crore, according to the company’s provisional operational update. The performance came despite the absence of any new project launches during the quarter, with sales driven by the existing Address by GS portfolio and steady price realisation. For the first half of FY27, Raymond Realty’s pre-sales climbed 111 per cent year-on-year to ₹1,602 crore, compared with ₹760 crore in…

05 Oct

Tata Trusts propose strategic reorganisation of Tata Sons

Business BureauBusiness

Tata Trusts, which hold a 66 per cent stake in Tata Sons Private Limited (TSPL), have proposed a strategic reorganisation of the company through the merger of Tata Electronics Systems Solutions Private Limited (TESS) and Tata Consulting Engineers (TCE) with TSPL. According to the proposal, the reorganisation would result in the combined entity no longer being classified as a Non-Banking Financial Company (NBFC) or a Core Investment Company (CIC), while retaining the Tata Group’s existing operating structure. As of March 31, 2026, the proposed amalgamated entity would have operating revenues of Rs 1,05,043crore, compared with Rs 40,072 crore in income…

05 Oct

ICICI Prudential Life Insurance pays average death claim of Rs 15 lakh in FY2026

Business BureauBusiness

ICICI Prudential Life Insurance paid an average individual death claim of Rs 15 lakh in FY2026, continuing to lead the industry for the second consecutive year and providing financial support to families during difficult times. According to publicly available industry data, the company’s average individual death claim increased from around Rs 10 lakh in FY2021 to Rs 15 lakh in FY2026, remaining within the Rs 14-15 lakh range over the past four years. The trend highlights the importance of reviewing life insurance coverage as household incomes, loans and family responsibilities change. The insurer settled death claims worth Rs 5,149 crore…

03 Oct

Rising diabetes burden drives demand for preventive healthcare in West Bengal

Business BureauBusiness

West Bengal’s growing burden of diabetes and associated metabolic disorders is creating a stronger need for early screening, preventive healthcare and long-term risk management, doctors said, citing data from the ICMR-INDIAB study. The study found diabetes prevalence at 13.7% in the state, while 23.5% of the population was classified as prediabetic. Hypertension affected 42.4% and high cholesterol 27%. The trend is also reflected in Kolkata, where a community-based study of 388 adults aged 18-49 years found metabolic syndrome in 44.6% of participants. Central obesity was recorded in 68.6%, while elevated fasting glucose, raised blood pressure and reduced HDL cholesterol affected…

03 Oct

Amazon expands ultra-fast delivery service to 19 locations across West Bengal

Business BureauBusiness

Amazon has expanded its ultra-fast delivery service, Amazon Now, to 19 locations across West Bengal as part of a nationwide rollout covering more than 120 cities, doubling its footprint in just two weeks. The expansion includes Kolkata, Asansol, Durgapur, Murshidabad, Krishnanagar, Basirhat, Katwa, Chittaranjan, Habra, Bangaon, Domkal, Ranaghat, Jangipur, Bolpur, Kharagpur, Rampurhat, Burdwan, Midnapore and Nadia. The service offers tens of thousands of daily essentials, including groceries, fruits and vegetables, frozen food, personal care products, fashion, beauty items, small appliances and home and kitchen products. Orders are fulfilled through nearly 800 micro-fulfilment and urban fulfilmentcentres across the country. “We are…

03 Oct

V-Guard elevates Mithun K. Chittilappilly as chairperson and managing director

Business BureauBusiness

V-Guard Industries Ltd has appointed Mithun K. Chittilappilly as Chairperson and Managing Director with effect from September 27, 2026, marking a new phase in the leadership of the consumer electrical and durables company. He succeeds RadhaUnni, whose second and final term as Chairperson and Independent Director has ended. Chittilappilly joined V-Guard as Executive Director in 2006 and became Managing Director in 2012. During his two-decade association, the company’s turnover increased nearly 24-fold from about Rs 229 crore in 2006 to Rs 5,966 crore in FY2026. Its workforce has also grown from around 575 employees to 11,350 as of August 2026.…

03 Oct

Tata Motors posts 42.7% sales growth in Q2 FY27 at 1.35 lakh units

Business BureauBusiness

Tata Motors Limited, formerly TML Commercial Vehicles Limited, reported a 42.7% year-on-year increase in domestic and international commercial vehicle sales at 1,35,114 units in Q2 FY27, compared with 94,681 units in the corresponding quarter last year. Domestic commercial vehicle sales rose 30.9% to 1,13,982 units from 87,061 units, while international business surged 177.3% to 21,132 units from 7,620 units. In September alone, total commercial vehicle sales stood at 51,062 units, up 42.4% from 35,862 units a year earlier. HCV truck sales increased 40.3% to 33,756 units in Q2, while ILMCV volumes rose 24.4% to 20,949 units. Passenger carriers grew 35.2%…

02 Oct

UPI Volume Drops to 2,407 Crore as Transactions Fall 1.8% in September Preceding New MDR Guidelines

sunnyBusiness

Unified Payments Interface (UPI) transactions fell by 1.8 per cent in September relative to August, moving from 2,450 crore transactions to 2,407 crore as per RBI data released on Thursday, October 1, amid market speculations that usage could decline following the October 15 rollout of a proposed 0.4 per cent merchant discount rate (MDR) on specific payments above Rs 2,000. In tandem with the volume drop, the total value of transactions processed through the NPCI-developed platform fell by 1.50 per cent to Rs 29.37 lakh crore in September from Rs 29.82 lakh crore a month prior, arriving right ahead of…

02 Oct

CG Corp Global Leads ₹2,000 Crore Investment Push in West Bengal Real Estate and Hospitality

nanikaBusiness

Major hospitality and real estate players are heavily targeting West Bengal for expansion, spearheaded by the Nepalese conglomerate CG Corp Global, which has announced a monumental ₹2,000 crore investment plan spanning residential and commercial real estate, hospitality, healthcare, and education, with a primary focus on the immense untapped potential of North Bengal. CG Corp Global, led by managing director and CEO Varun Chaudhary, is already developing two Marriott-partnered hotels in the region and exploring tea tourism opportunities in Darjeeling, reflecting a surge in investor enthusiasm following recent political developments. This regional momentum is further amplified by other industry heavyweights, as…