Business News Northeast - Latest Business Northeast News & Updates

15 Jul

Media Sector Momentum Boosts Tata Elxsi: Q1 Net Profit Climbs 18% to ₹171 Crore as Revenues Cross Historic ₹1,000 Crore Mark

anuprovaBusiness

Tata Elxsi, a global leader in design-led technology services, reported a solid 18.2% year-on-year rise in its consolidated net profit to ₹170.6 crore for the first quarter of financial year 2026-27. This steady bottom-line growth was propelled by a major milestone, as the company’s quarterly operating revenue crossed the ₹1,000-crore threshold for the first time in its history, rising 14.5% year-on-year and 2.8% sequentially to reach ₹1,021.1 crore. A primary driver of this positive momentum was the Media & Communications vertical, which registered an outstanding 22.2% year-on-year growth in actual currency, fueled by the aggressive ramp-up of key global operator…

14 Jul

Bandhan Bank launches ‘Cyber Cop’ campaign to boost cyber fraud awareness

Business BureauBusiness

Bandhan Bank has launched a nationwide cyber awareness campaign, titled "Cyber Cop", under its Corporate Social Responsibility (CSR) programme to promote safer digital practices and strengthen public awareness against the growing threat of cyber fraud. The initiative, unveiled on Monday, is being rolled out in association with filmmaker RohitShetty, who has joined the campaign to enhance its outreach through his widely recognised ‘cop universe’. The campaign comes at a time when cybercrime continues to surge across the country. According to government-linked data, losses reported through the National Cyber Crime Reporting Portal touched nearly ₹22,495 crore in 2025, with more than…

14 Jul

ICICI Pru AMC Sees Strong Growth as Income Rises 18% in June Quarter

nanikaBanking, Business

ICICI Prudential Asset Management Company (AMC) has reported a strong financial performance for the June quarter, with its net profit rising 23 per cent year-on-year to ₹965 crore. The company had recorded a net profit of ₹784 crore during the same quarter of the previous financial year. The growth in profitability was supported by an 18 per cent year-on-year increase in total income, which stood at ₹1,745 crore during the quarter. The company’s expenses increased by 11.7 per cent to ₹464 crore, while maintaining steady operational performance. ICICI Prudential AMC managed average assets under management (AUM) of ₹11.2 trillion through…

14 Jul

Energy Markets on Edge: Oil Prices Surge to One-Month High Above $85 Amid Escalating U.S.-Iran Military Clash in Strait of Hormuz

anuprovaBusiness

Global oil prices surged nearly 3% on Tuesday to touch a four-week high, with international benchmark Brent crude climbing above $85 per barrel following a rapid escalation of military and diplomatic hostilities between the United States and Iran. The sudden price spike was triggered as the U.S. military launched its third consecutive night of targeted airstrikes against Iranian coastal defense systems, missile sites, and drone facilities along the southern coastline to safeguard commercial shipping. Tensions intensified further when U.S. President Donald Trump announced the immediate reinstatement of a naval blockade on Iranian shipping and proposed a highly controversial 20% cargo…

14 Jul

Flipkart reports strong growth in food and nutrition business

Business BureauBusiness

Flipkart on Thursday announced a 50 per cent year-on-year growth in its food and nutrition category, driven by rising demand from Gen Z consumers and shoppers in Tier 2 and Tier 3 markets. The company said these markets now contribute 65 per cent of overall category demand, while Flipkart Minutes accounts for 25 per cent, underscoring the growing role of quick commerce in India’s evolving food retail sector. The announcement was made during Flipkart Food Fest 3.0, which brought together more than 50 leading food and beverage brands, over 1,000 creators and influencers, celebrity chefs, entertainers and featured over 10…

14 Jul

Insurance literacy drive gains momentum as industry targets protection gap

Business BureauBusiness

India's life insurance industry has intensified efforts to strengthen financial resilience with the launch of a Consumer Awareness Comic Book Series by Shri Ajay Seth, Chairman of the Insurance Regulatory and Development Authority of India (IRDAI), as part of the broader vision of “Insurance for All.” Unveiled on National Insurance Awareness Day, the initiative seeks to simplify life insurance concepts and improve financial literacy, addressing one of the key structural challenges limiting insurance penetration in the country. Developed around relatable stories featuring a young life insurance advisor named Supriya, the comic series explains concepts such as the Married Women’s Property…

13 Jul

VIDA launches long-range VX2 Plus electric scooter, enters Asia Book of Records

Business BureauBusiness

Hero MotoCorp's electric mobility brand VIDA has expanded its electric scooter portfolio with the launch of the new VIDA EVOOTER VX2 Plus 4.4 kWh, a long-range variant that has also secured a place in the Asia Book of Records for completing the 'Longest Journey by an Electric Scooter'. Priced at ₹1,43,990 (ex-showroom, New Delhi, after applicable subsidies and offers), the new model offers an IDC-certified range of 187 km, taking VIDA's VX2 lineup to four variants designed for different customer needs. Powered by dual 2.2 kWh removable batteries with a combined capacity of 4.4 kWh, the scooter supports 0-80% charging…

13 Jul

Chocolate demand surges as premium and healthier choices reshape India’s sweet tooth

Business BureauBusiness

India's chocolate consumption is evolving rapidly, with consumers increasingly embracing premium, healthier and internet-driven trends alongside traditional favourites, according to Instamart's latest order analysis released ahead of World Chocolate Day on July 7.The report, based on orders placed between July 2025 and June 2026 across more than 130 cities, found that orders for the viral Dubai pistachio-filled chocolate surged by 11,739%, making it the fastest-growing chocolate trend in the country. Classic milk chocolate remains the top choice, accounting for four in every 10 chocolate orders, while chocolate-coated wafer bars continue to enjoy strong popularity. Fruit and nut, caramel and hazelnut…

13 Jul

Nuvoco expands western footprint with inauguration of Surat cement plant

Business BureauBusiness

Nuvoco Vistas Corp. Ltd. has inaugurated its Limla Cement Plant in Surat, marking the company's entry into Gujarat and strengthening its presence in Western India. The facility, comprising a 2 million tonnes per annum (MMTPA) grinding unit under its subsidiary Vadraj Cement Limited (VCL), forms part of VCL's total installed capacity of 6 MMTPA and represents a key milestone in Nuvoco's expansion strategy.The company acquired Vadraj Cement Limited in June 2025 through the Corporate Insolvency Resolution Process (CIRP) for ₹1,800 crore. VCL's assets include a clinker unit and captive limestone reserves at Kutch, a grinding unit at Limla, and a…

13 Jul

Football fever powers Coca-Cola’s new World Cup campaign with ‘The Lost Voices’

Business BureauBusiness

Coca-Cola has intensified its FIFA World Cup marketing strategy with the launch of “The Lost Voices”, a nationwide campaign aimed at capitalising on India's deep-rooted football fandom during the global tournament. Introduced under the brand’s global “Feel It All” platform, the campaign features the real, hoarse voices of passionate football supporters across India on Coca-Cola’s social media channels, reflecting the company's focus on authentic consumer engagement to drive brand recall during one of the world's biggest sporting events. The campaign is built around the insight that although India has not participated in the FIFA World Cup since 1955, millions of…