Business News Northeast - Latest Business Northeast News & Updates

11 Aug

Asian Granito divests 18.87% stake in Astron Paper

editor0 CommentsBusinessasian granito

Its entire18.87% stake has been divested by Asian Granito India Limited (AGIL) in its associated company - Astron Paper and Board Mills Limited (Astron Paper) for Rs. 46.94-crore. AGIL sold 87.75-lakh equity shares of Astron Paper through block deal at Rs. 53.5 per share on 10 August 2021. Proceeds of Rs. 46.94-crore from the sale of Astron Paper shares will be utilised to meet long term working capital and business development of AGIL. The capital gains from the sale of shares of Astron Paper will be tax free at the hands of Asian Granito India Limited. AGIL has recently announced…

11 Aug

Nokia launches new C-Series smartphones

editor0 CommentsBusinessHMD Global, Nokia C20 Plus

The home of Nokia phones, HMD Global has launched the ‘Nokia C20 Plus’, with an exclusive partnership with Reliance Jio. The Nokia C20 Plus comes with an exclusive Jio offer that includes upfront price support of 10% or Rs 1000 (whichever is lower) and access to additional benefits worth Rs 4000, as a part of the JioExclusive Program. ‘Nokia C20 Plus’ comes with 6.5” HD+ screen, two-day battery life (4950 mAh), 1.6 GHz octa-core processor, dual rear cameras along with the latest Android 11 operating system (Go Edition) and privacy features like face unlock. It is backed with 1 year…

11 Aug

Vi offers first-of-its-kind ‘RedX Family Plan’

editor0 CommentsBusinessRedX Family Plan, telecom operator, Vi

India’s leading telecom operator, Vi extended its flagship RedX offering to RedX Family. Priced at Rs 1699 and Rs 2299, Vi RedX Family Plan allows consumers to add up to 3 and 5 family members respectively. Along with unlimited 4G data on every connection, Vi RedX Family Plan offers the benefits of the Vi RedX plan. RedX Family plan is a unique postpaid experience, as families depend on a seamless mobile experience to stay connected. As more and more members of a family are consuming higher data due to WFH, online schooling, entertainment and online socializing, this plan is designed…

10 Aug

Whirlpool of India Q1 net profit rises 61.9% to Rs 25.51 crore

editor0 CommentsBusiness, IndiaBusiness

Consumer durable maker Whirlpool of India on Tuesday reported a 61.96 percent increase in consolidated net profit to Rs 25.51 crore for the first quarter ended June 30. The company had posted a net profit of Rs 15.75 crore during the April-June quarter of the previous fiscal, Whirlpool of India, a subsidiary of Whirlpool Corporation, said in a regulatory filing. Its revenue from operations rose 30.53 percent to Rs 1,340.61 crore during the quarter under review, as against Rs 1,027.05 crore a year ago. Whirlpool of India’s total expenses surged 30.09 percent to Rs 1,321.92 crore in Q1 FY22 compared…

10 Aug

Price Lock guarantees airfare hike protection

editor0 CommentsBusinessGoibibo, Online travel brand

India’s leading online travel brand, Goibibo has introduced an industry-first feature ‘Price Lock’ to help customers lock flight fares up to 7 days before they firm up their travel plans. The service allows customers to lock airfares for one, three or seven days for a nominal fee – that later gets adjusted into the full price of the ticket at the time of the final purchase. The ‘Price Lock’ feature has been designed to help customers make smart travel decisions by allowing them to book air travel by reserving their seats without paying for the actual price of the ticket…

10 Aug

Adani Group likely to take over Guwahati airport in October

editor0 CommentsBusiness, India, North Eastadanigroup

The Adani Group on Monday began its “Observation Period” at the Lokpriya Gopinath Bordoloi International (LGBI) airport in Guwahati as part of its mandate to develop and modernise northeast India’s main airport, officials said. An Airport Authority of India (AAI) official said that a nine-member team of the Adani Airport Holding Ltd (AAHL) led by Chief Airport Officer Utpal Baruah, an aviation industry expert who also hails from Assam, on Monday formally started its “Observation Period” and is likely to take over charge in October. An AAI official on condition of anonymity said that as per the agreement with the…

09 Aug

Rupee snaps 5-day winning streak, drops 11 paise against US dollar

editor0 CommentsBusiness, Indiaeconomy, India

Halting its five-session winning run, the rupee on Monday declined by 11 paise to close at 74.26 (provisional) against the US dollar, tracking the firm American currency. At the interbank foreign exchange market, the domestic currency opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close. On Friday, the rupee had settled at 74.15 against the US dollar. During the session, the local unit touched an intra-day high of 74.21 and a low of 74.29 against the US currency. The dollar index, which gauges the greenback’s…

09 Aug

Lionel Messi breaks down while announcing Barcelona exit leaving football fans in tears

editor0 CommentsBusinessbusines

Lionel Messi's incredible 17-season career at Barcelona appears to have come to an end and this marks as one of the most heartbreaking moments for football fans. On Monday, during a press conference Messi began crying even before he started speaking at his farewell ceremony at the Camp Nou Stadium. "This is very hard for me after so many years, after being here my entire life, I wasn't prepared," he said. Barcelona fans and football fans around the world took to social media to express their sadness. Many even called it the end of an era. "Don't cry because it's…

07 Aug

Nissan India adds 18 new workshops

editor0 CommentsBusinessDatsun, Nissan India

Nissan India has introduced free monsoon check-up camps for its customers across Nissan and Datsun authorized dealerships in India till 31 August. The camp is conducted by trained personnel who ensure the usage of genuine spare parts. The camp offers a 30-points check-up which includes exterior, interior, underbody, road-test and free top wash for the vehicles to ensure optimum performance of the vehicle during the Monsoon season. Customers may also avail up to 20% discount on labour. Nissan has added 18 new service workshops in 18 new locations all-across the country towards customers’ service requirements. To strengthen the customer assurance,…

07 Aug

Blenders Pride unveils The Showcase

editor0 CommentsBusinessBlenders Pride, FDCI

The second edition of The Showcase has been unveiled by Blenders Pride Fashion Tour in collaboration with Fashion Design Council of India (FDCI), with the objective of nurturing talent and opening up a world of avenues. The Showcase has been conceived to become one of India's leading platforms to discover talent across four categories - fashion designers, shutterbugs, models and content creators. The Showcase will catapult the journey of the aspirants, giving them a platform to exhibit their creative expression with Pride. Redefining their career path, the winning talent stands a chance to showcase their work in the next edition…