Business News Northeast - Latest Business Northeast News & Updates

07 Aug

PNB MD & CEO CH SS Mallikarjuna Rao’s view on RBI’s Monetary Policy

editor0 CommentsBusiness, IndiaIndia, RBI

The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19. The decision of keeping the repo rate unchanged along with maintenance of accommodative stance is on expected lines as low interest rates are critical to economic revival. Additional liquidity measures through extension of deadline of On tap TLTRO scheme till December 31, 2020 will have positive implications for stressed sectors like retail, MSME and real estate. Amendment of guidelines related to export credit in foreign currency and restructuring of Derivative contracts is a much needed move…

06 Aug

Honda Amaze can be booked through ‘Honda from Home’

editor0 CommentsBusinessHonda Amaze, Honda Cars India Limited

Honda Cars India Limited (HCIL) is ready to launch the new Honda Amaze. The new Amaze will come with a stylish new look, striking exteriors changes and enhanced interiors. The company commenced the pre-bookings of the new car at all authorized Honda dealerships across the country with a booking amount of Rs 21,000. Additionally, the customers can also book the car online from the comfort of their homes through ‘Honda from Home’ platform on HCIL website with an amount of Rs 5,000. Honda Amaze will be launched on 18 August. Currently in its 2nd Generation, Honda Amaze is Honda’s largest…

06 Aug

ICICI Pru Life to partner with NPCI

editor0 CommentsBusinessICICI Prudential Life Insurance, NPCI, UPI AUTOPAY

Aiming to provide Unified Payments Interface (UPI) AUTOPAY facility to its customers, ICICI Prudential Life Insurance has tied up with the National Payments Corporation of India (NPCI). Customers can enable the UPI AUTOPAY feature on their favoured UPI apps such as Paytm, BHIM etc. This would enable customers to buy insurance policies and make premium payments from the safety and comfort of their homes. ICICI Prudential Life has become the first life insurance company to provide its customers with the UPI AUTOPAY facility as part of its efforts to simplify processes and thereby provide convenience to customers. At the time…

05 Aug

Sensex gives up gains after touching new high

editor0 CommentsBusiness, IndiaINDIANECONOMY, sensex

The key Indian equity indices gave up gains on Thursday after touching record highs during the initial trade. The BSE Sensex touched a new high of 54,576.64, and the Nifty50 on the National Stock Exchange hit a record 16,294.65 points. Around 10.25 a.m, Sensex was trading at 54,284.73, lower by 85.04, or 0.16 per cent from its previous close of 54,369.77. It opened at 54,576.64 and has so far touched an intra-day low of 54,243.97 points. The Nifty50 on the National Stock Exchange was trading at 16,231.20, lower by 27.60 points or 0.17 per cent from its previous close. Analysts…

05 Aug

IndiGo launches special fares on 15 yr anniversary

editor0 CommentsBusiness, IndiaIndiGo

To celebrate its 15 years of operations, airline major IndiGo on Wednesday announced a three-day special sale offering all-inclusive fares starting from Rs 915 on its domestic and international connections. Accordingly, the offer will be live from August 4-6, 2021 and will be applicable on travel between September 1, 2021 till March 26, 2022. “Additionally, the ‘6E’ add-ons including ‘Fast Forward, 6E Flex, 6E Bagport’ are being offered at Rs 315 while the ‘Car Rental’ service will start at Rs 315.”

05 Aug

India’s first indigenous aircraft carrier Vikrant sets sail for maiden sea trials

editor0 CommentsBusiness, India, TechnologyIndia, TECHNOLOGY

India’s first indigenous aircraft carrier (IAC) Vikrant, the largest warship to be built in the country with specialised cabins for women officers, set sail on Wednesday for crucial sea trials ahead of its planned induction into the Indian Navy in less than a year, the navy announced on Wednesday. A tweet from the Navy Spokesperson's handle hailed this "proud and historical moment for India", particularly since it represents another step in the government's quest for an 'Atmanirbhar Bharat' and the 'Make in India' initiative, and promised "many more will follow…" "India joins a select group of nations having niche capability…

04 Aug

Nissan India wholesales 8156 vehicles

editor0 CommentsBusinessNissan India, Nissan Magnite

Nissan India announces a wholesale of 4259 vehicles for July’21 for the domestic market, its highest monthly sales in the last 3 years on the strength of the successful launch of all-new Nissan Magnite. Exports of 3897 units came on the strength of addition of Nissan Magnite in the export markets. A pioneer in electric vehicles globally, Nissan recently launched the Nissan LEAF electric vehicle in Nepal, adding to the strength of its product portfolio after the successful launch of Nissan Magnite in the Nepal market. The all-new Nissan Magnite comes with the best ever, lowest-in-class maintenance cost with a…

04 Aug

V-Mart Retail Ltd to enter in South India

editor0 CommentsBusinessArvind Lifestyle Brands Ltd, V-Mart

V-Mart Retail Ltd. (V-Mart), India’s leading value fashion retailer, has signed definitive agreements to acquire the assets of all stores, warehouse, inventory as well as the store brand ‘Unlimited’ from Arvind Lifestyle Brands Ltd (ALBL), a wholly-owned subsidiary of Arvind Fashions Ltd (AFL) at their book value, with an estimated outlay of about Rs 150 Cr. Unlimited operates a chain of 74 value fashion retail stores across South and West India and V-Mart will acquire all of the existing running stores of ‘Unlimited’. V-Mart will be debuting in South India and helping customers meet their fashion aspirations through its vast…

04 Aug

HDFC Mutual Fund announces New Fund Offer

editor0 CommentsBusinessHDFC Mutual Fund, HDFC NIFTY50

Investment Manager to the schemes of HDFC Mutual Fund, HDFC Asset Management Company Limited launched New Fund Offer (NFO) – HDFC NIFTY50 Equal Weight Index Fund. The NFO will open on August 4 and will close on August 13. The Fund will re-open for continuous sale and repurchase within 5 business days from the date of allotment of units under NFO. HDFC NIFTY50 Equal Weight Index Fund will aim to track the performance of constituents forming part of the parent index, the NIFTY 50 Index, where each company in the index shall be assigned equal weights as per the under…

04 Aug

Great Freedom Festival announced by Amazon.in

editor0 CommentsBusinessBusiness

Announcing ‘Great Freedom Festival’ Amazon.in offered big savings on a range of products from August 5 to August 9. Customers can shop from millions of products offered by sellers including artisans & weavers, women entrepreneurs, start-ups, brands, and local neighbourhood stores across hundreds of categories including Mobile Phones, Laptops, Electronics, Amazon Business, Fashion & Beauty Essentials, Home & Kitchen, Groceries, Large Appliances, Work & Study from Home Essentials, and more. During the Great Freedom Festival, Customers can save more by getting extra 10 % instant discount with SBI Credit cards and Credit EMI. The Great Freedom Festival is also bringing…