Business News Northeast - Latest Business Northeast News & Updates

27 Jul

Tata Motors bags order from DTC under the CESL tender

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India’s largest commercial vehicle manufacturer Tata Motors announced that it has bagged a prestigious order of 1500 electric buses from Delhi Transport Corporation (DTC) under the larger tender by Convergence Energy Services Limited. Tata Motors will supply, operate and maintain air-conditioned, low-floor, 12-metre fully built electric buses for 12 years. Tata Starbus electric buses offer state-of-the-art technology for sustainable, eco-friendly and economical public transportation and are equipped with modern features to enable safe, smooth and comfortable travel for passengers. Tata Motors’ research and development facilities have steadily worked to engineer innovative solutions powered by alternate fuel technology, including battery-electric, hybrid,…

27 Jul

ICICI Pru Life’s retirement segment witnesses healthy growth

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ICICI Prudential Life Insurance has registered a robust growth in its retirement business segment which grew 29% from Rs. 2,292 crore in FY2021 to Rs. 2,956 crore in FY2022. The retirement segment has witnessed a healthy growth. The Company launched an innovative annuity product, ICICI Pru Guaranteed Pension Plan, which provides guaranteed regular lifelong pension at a rate of interest that is locked-in at the time of purchase. It has been awarded the “Product of the Year 2021” in the Retirement and Pension category by Product of the Year (India) Private Limited, the world’s largest consumer-voted award for product innovation.…

27 Jul

ICICI Pru Life’s strong financial performance

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ICICI Prudential Life Insurance has posted a strong financial performance for Q1-FY2023. The VNB for Q1-FY2023 grew by 31.6% year-on-year to 4.71 billion. The VNB margin for Q1-FY2023 stood at 31.0%, up from 28.0% for FY2022. Annualised Premium Equivalent grew by 24.7% year-on-year to 15.20 billion in Q1-FY2023. Annuity APE registered a strong growth of 69.0% year-on-year to 0.98 billion in Q1-FY2023. Protection APE grew by 22.2% year-on-year to 3.30 billion in Q1-FY2023. New Business Sum Assured grew by 24.9% year-on-year to 2.21 trillion in Q1-FY2023. The Company’s market share, based on Total New Business Sum Assured, increased from 13.4%…

27 Jul

Bandhan Bank registers strong business growth in Q1FY23

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Bandhan Bank announced its financial results for the first quarter of financial year 2022-23. The Bank’s total business (deposits and advances) grew 20.3% year-on-year to reach around Rs.1,89,707 crore as on June 30, 2022. The Bank serves 2.69 crore customers through 5640 banking outlets across 34 of the 36 states and union territories in India. The total number of employees working at Bandhan Bank stands at 61,247. During the first quarter of the current financial year, the Bank’s deposit book grew 20% over the corresponding quarter of the previous year. The total deposits now stand at Rs.93,057 crore. In this…

27 Jul

Samsung Solve for Tomorrow – an Innovation Competition

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Over 10,000 youth from across towns, cities and rural India have already registered for Samsung’s Solve for Tomorrow innovation and education program, showcasing the growing desire among Indian youth to find innovative technology solutions to solve real-world problems. At road shows that Samsung conducted in cities such as Bengaluru, Hyderabad, Delhi, Guwahati and Bhubaneswar, young students said they want to solve problems around safe collection of waste for recycling, job security for daily wagers, language barriers that young students from remote areas face during e-learning, safe disposal of sanitary napkins, mental health of school students, reusing agricultural waste as well…

27 Jul

Global Unveil of Maruti Suzuki Grand Vitara

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Maruti Suzuki is celebrating NEXA’s 7th anniversary by unveiling its game-changer SUV, The Grand Vitara. Grand Vitara is the latest entrant in the NEXA portfolio to feature its signature design language, ‘Crafted Futurism’. A work of art inspired by the future, the design language is exclusively crafted to match the refined tastes of NEXA customers. The Grand Vitara is a multi-product offering that is set to disrupt the SUV market in the country. Featuring NEXA’s signature design language– Crafted Futurism, the premium SUV features a distinct exterior design, sophisticated interiors, segment-leading features and an industry redefining fuel-efficiency powered by its…

27 Jul

10,000 cleft surgeries under Smile Train Cleft Program

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Ashraya Hastha Trust a Bangalore based charitable organization have announced a five-year partnership with an aim to boost the cleft care ecosystem in India. The partnership will focus on supporting cleft treatment in the seven identified states include Madhya Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Uttarakhand and Jammu & Kashmir, while also strengthening safety and best practices in cleft care. In India, an estimated 35,000 babies are born with a cleft lip and/or palate every year, and hundreds of thousands of children with untreated clefts live in isolation and face difficulties with eating, breathing, hearing and speaking. Ashraya Hastha Trust…

27 Jul

10,000 cleft surgeries under Smile Train Cleft Program

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Ashraya Hastha Trust, a Bangalore based charitable organization funded by Infosys’ Co-Founder K. Dinesh and his family and Smile Train India, the country’s largest cleft focused NGO have announced a five-year partnership with an aim to boost the cleft care ecosystem in India. The partnership will focus on supporting cleft treatment in the seven identified states, while also strengthening safety and best practices in cleft care. Ashraya Hastha Trust will support 10,000 cleft surgeries, five capacity building trainings and safety medical equipment at Smile Train treatment centers across seven states to include Madhya Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Uttarakhand…

27 Jul

Ashraya Hastha Trust to support 10,000 cleft surgeries

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Ashraya Hastha Trust a Bangalore based charitable organization have announced a five-year partnership with an aim to boost the cleft care ecosystem in India. Ashraya Hastha Trust will support 10,000 cleft surgeries, five capacity building trainings and safety medical equipment at Smile Train treatment centers across seven states to include Madhya Pradesh, Bihar, Assam, Meghalaya, Arunachal Pradesh, Uttarakhand and Jammu & Kashmir. Ashraya Hastha Trust is funded by Infosys’ Co-Founder K. Dinesh and his family and Smile Train India, the country’s largest cleft focused NGO. All cleft surgeries at the Smile Train Cleft Program at Srishti Hospitals & Research Centre,…

27 Jul

Godrej Magic Bodywash – India’s First Ready-To-Mix Bodywash

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Godrej Consumer Products Limited (GCPL), unveiled Godrej Magic Bodywash, India’s first ready-to-mix bodywash at just INR.45. This innovation encourages the habit of reuse and reduce wastage. Actor Shah Rukh Khan has been roped in as the brand ambassador for Godrej Magic Bodywash and will feature in a mass awareness campaign. India generates 3.5 million tonnes of plastic waste annually. Skin and body care products contain high water content. Godrej Magic Bodywash requires just 16% of the plastic in packaging and only 19% of the energy to manufacture, and just 10% of the total energy required to make a soap bar.…