Business News Northeast - Latest Business Northeast News & Updates

21 Jul

Mahindra Bolero Neo SUV launched in India

editor0 CommentsBusinessMahindra & Mahindra Ltd., Mahindra Bolero Neo SUV

Mahindra & Mahindra Ltd., one of the leading automobile companies in India launched the newest member in its iconic Bolero SUV portfolio - the new ‘Bolero Neo’. Available at all Mahindra dealerships across India, the new Bolero Neo is launched at an introductory price of 8.48 Lakh for the N4 variant. With the launch of Bolero Neo, the Bolero SUV portfolio would now have the existing Bolero for the loyalist and the new Bolero Neo for the evolving customer who is looking for an SUV that is tough, authentic, go-anywhere capability yet modern and trendy. The Bolero Neo Packed with…

21 Jul

Maruti crosses 50 lakh cumulative sales milestone in rural markets of India

editor0 CommentsBusiness, IndiaMaruti Suzuki

The country’s largest carmaker Maruti Suzuki India on Wednesday said it has crossed the 50 lakh cumulative sales milestone in rural markets of India. With over 1,700 customised outlets in rural parts of the country, nearly 40 per cent of the total MSIL sales come from rural markets today, Maruti Suzuki India Ltd (MSIL) said in a statement. The company’s total sales in the April-June period of this fiscal stood at 3,53,614 units. In fiscal 2020-21, it had sold a total of 14,57,861 units, down from 15,63,297 units sold in 2019-20. Commenting on the feat, MSIL Senior Executive Director (Marketing…

21 Jul

Fuel price cut relief may come soon as global oil softens

editor0 CommentsBusiness, IndiaFuel Price Hike

Consumer’s bearing the brunt of rising fuel prices for more than a couple of months may expect some relief over the next few days as Oil marketing companies (OMC) have begun evaluating the fall in global oil prices and its resultant impact on fuel prices in the country. The benchmark Brent crude that had risen to $77 a barrel late last month has shed more than 10 per cent in the last fortnight to reach a level of $68.85 a barrel now. If the price line remains below $70 a barrel for a few more days, petrol and diesel prices…

20 Jul

HCL Technologies shares tumbles after Q1 earnings

editor0 CommentsBusiness, India, Technologyhcl

Shares of HCL Technologies on Tuesday dipped 3 per cent after the company’s June 2021 quarter earnings failed to enthuse investors. The stock went lower by 3 per cent to Rs 969.50 on the BSE. At the NSE, it dipped 3 per cent to Rs 969.35. At 3.18 pm, 2.41 per cent to Rs 976.10 on the BSE. On Monday, IT services major HCL Technologies posted a 9.9 per cent rise in consolidated net profit to Rs 3,214 crore for the June 2021 quarter and exuded confidence in logging double-digit constant currency growth in FY22 on the back of strong…

20 Jul

Paytm IPO, set for mega debut

editor0 CommentsBusinessBusiness

Paytm, a digital payments and financial services firm, is all set to debut on the Indian bourses. The company has already filed a draft red herring prospectus for its proposed Rs 16,600 crore-IPO with the SEBI. Paytm IPO will be the largest since the 2010 issue by state-owned Coal India. It will raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale. Paytm’s large investors include China’s Alibaba and Ant Financial which own combined 36.8 per cent stake. It is followed by the SoftBank Vision Fund which owns 19.6 per cent. Saif Partners owns 17.2 per…

19 Jul

FASTag to enhance contactless refueling at Indian Oil fuel outlets

editor0 CommentsBusiness, India, TechnologyFuel, Indian Oil

State-run Indian Oil Corporation Ltd and ICICI Bank are offering cashless and contactless refuelling through FASTag at the country’s largest oil marketing company’s outlets to reduce wait time for customers. “ICICI Bank FASTag users can now enjoy a fully digitized experience at IndianOil’s fuel stations which will reduce wait time for customers,” the firms said in a joint statement. To avail of this facility, customers must inform the customer attendant while fuelling, then scan the vehicle’s FASTag/car number plate. The customer will then receive an OTP to validate the transaction. The transaction will be completed when the OTP is entered…

19 Jul

Hero Electric expands production capacity

editor0 CommentsBusinessAutomobile, Hero Electric Vehicles Private Limited

India’s largest electric vehicles maker, Hero Electric Vehicles Private Limited announced the first part of their Series B funding of Rs.220-Crore. Along with participation from OAKS, Gulf Islamic Investments (GII) led the round. Avendus Capital was the exclusive financial advisor to Hero Electric on the transaction. V’Ocean Investments has been advised by OAKS Asset Management Pvt. Ltd. (OAKS) on the investment. Hero Electric will direct this investment towards the objective of further supporting the EV industry and ecosystem. The electric 2-wheeler market leader will allocate this investment towards expanding production capacity, consolidating market position to strengthen market leadership, invest in…

19 Jul

Instamojo announces Northeast Launchpad

editor0 CommentsBusinessInstamojo, Northeast Launchpad

Northeast Launchpad has been launched by India's largest DIY e-commerce website builder Instamojo. Instamojo is a Do-It-Yourself (DIY) SaaS platform for MSMEs in India. The company provides online storefronts and online payment solutions to small, independent enterprises, MSMEs, and startups to run a successful online business. Entrepreneurs can register online to participate in Northeast Launchpad and registration for it is now live. It will close on 5 August. The top 10 shortlisted entries will be announced on 10 August. The East Social Star will be announced on 15 August, followed by best business plan on 21 August. Northeast Launchpad is…

19 Jul

ARENA and NEXA customers can avail online car finance

editor0 CommentsBusinessMaruti Suzuki India Limited, Maruti Suzuki Smart Finance

With Maruti Suzuki Smart Finance (MSSF), Maruti Suzuki India Limited (MSIL) customers can now finance their cars online, anywhere and anytime. MSSF covers a wide range of profiles to meet the demands of a diverse range of customers. MSSF is now made available for ARENA as well as NEXA customers. Maruti Suzuki Smart Finance currently has 14 financiers on-board. They are - HDFC Bank, ICICI Bank, Yes Bank, Axis Bank, State Bank of India, IndusInd Bank, Bank of Baroda, Karur Vyasa Bank, Cholamandalam Finance, AU Small Finance Bank, Mahindra Finance, Kotak Mahindra Prime, Sundaram Finance & HDB Financial services. In…

19 Jul

Amazon Prime Day in India

editor0 CommentsBusinessAmazon India, Amazon Prime Day

Amazon’s annual Prime Day event will be held in India on July 26 and 27. The two-day event starting midnight on July 26, will deliver best deals and savings across categories, including Smartphones, Consumer Electronics, TVs, Appliances, Amazon Devices, Fashion & Beauty, Home & Kitchen, Furniture, Everyday Essentials and more to Prime members. This Prime Day, Amazon will continue its efforts to empower and support lakhs of Small and Medium Businesses (SMBs) and help generate customer demand for products offered by lakhs of sellers, manufacturers, start-ups and brands, women entrepreneurs, artisans, weavers and local shops. During the lead-up to Prime…