Business News Northeast - Latest Business Northeast News & Updates

19 Jul

HDFC Bank shares tumble 3 pc after Q1 data disappoints investors

editor0 CommentsBusiness, IndiaHDFC BANK

Shares of HDFC Bank dipped over 3 per cent on Monday as the company’s June quarter earnings failed to impress investors. At 3.57 pm, the banks stock went lower by 3.34 per cent to Rs 1,470.95 on the BSE and it dipped 3.28 per cent to Rs 1,472.40. HDFC Bank’s consolidated net profit for the June quarter increased 14 per cent to Rs 7,922 crore, but the largest private sector lender reported reverses because of the second wave of the pandemic, which compressed its growth. When compared with the preceding March quarter’s Rs 8,434 crore, there was a decline in…

18 Jul

Google doodle honours Kadambini Ganguly, one of India’s first female doctors

editor0 CommentsBusinessgoogle

Google doodle honoured Kadambini Ganguly, India’s first female doctor on her 160th birth anniversary today. Doctor Kadambini Ganguly was born on July 18 in 1861 in Bhagalpur British India. She was the first woman to be trained as a physician in India. Ganguly was a vocal activist for women's emancipation, a doctor, and a freedom fighter. The doodle is illustrated by Bengaluru, India-based guest artist Oddrija. Ganguly sought to uplift other women in India through both medical service and activism in India’s women’s rights movement. So who exactly is Kadambini Ganguly? She was born on 8 July, 1861, in Bhagalpur…

17 Jul

Jawa introduces Khakhi & Midnight Grey colours

editor0 CommentsBusinessJawa, Jawa Khakhi & Midnight Grey

This year marks the 50th anniversary of the 1971 war victory and Jawa Motorcycles has come to the fore to offer a tribute to the gallantry of the Forever Heroes. Continuing its #ForeverHeroes initiative, the brand has introduced two new colours of its modern classic Jawa to commemorate the 50th Anniversary of the 1971 war victory. To further contribute to the ‘Swarnim Vijay Varsh’ celebrations along the year, Jawa Motorcycles will be a part of various celebratory rides with the Indian Army that mark important landmark occasions like Kargil Vijay Diwas, Battle of Turtuk and Battle of Longewala, with the…

17 Jul

Reliance Retail to acquire controlling stake in Just Dial for Rs 3,497 cr

editor0 CommentsBusiness, IndiaRELIANCE

Reliance Retail Ventures Limited (RRVL), Just Dial and VSS Mani and others on Friday executed definitive agreements which will entail preferential allotment of 2.12 crore equity shares, equivalent to 25.33 per cent post preferential share capital, at a price of Rs 1,022.25 per share. Post the agreements, RIL will acquire 1.31 crore equity shares by RRVL from VSS Mani (equivalent to 15.62 per cent post preferential share capital) at a price per share of Rs 1,020. RRVL will hold 40.95 per cent and would make an open offer to acquire up to 26 per cent stake in accordance with takeover…

17 Jul

KFC India pledges Covid-relief and support

editor0 CommentsBusiness‘KFC Care’ campaign, KFC

KFC India strengthens its efforts to provide support to team members and communities in need through the ongoing Covid wave. As part of its ‘KFC Care’ campaign, the brand has undertaken various relief initiatives. Supported by the Yum! Foundation, KFC Care pledges to provide medical supplies & essentials to hospitals, food relief kits and home care Covid kits to underprivileged families. To safeguard the safety and well-being of its team members, the brand has extended a Vaccination Drive for its team members across 480+ KFC restaurants in the country. In association with partners as Response Net and Smile Foundation, KFC…

17 Jul

Amazon launches Spotlight North East storefront

editor0 CommentsBusinessAmazon India, Amazon Smbhav, Spotlight North East storefront

Amazon India launched the Spotlight North East storefront on its marketplace. This storefront will bring together a range of unique local products and hidden gems from the region and showcase them to millions of Amazon customers across India. Inaugurated in a virtual event by Dr Jitendra Singh, Minister of State in the Prime Minister’s Office, the storefront launch comes close on the heels of the announcement of the Spotlight North East program at Amazon Smbhav in April 2021. The North-East Indian region is known for its unique GI products. Amazon will enable participation of artisans and weavers from the region…

16 Jul

Indian economy to witness substantial slack in FY22

editor0 CommentsBusiness, Indiaeconomy

Reserve Bank of India (RBI) has said that there will be “substantial slack” in growth for the Indian economy, although it is poised to recover and witness positive growth in the current fiscal. The RBI Bulletin for July 2021 noted that the economy is struggling to regain the momentum of recovery that had started in the second half of 2020-21 but was interrupted by the second wave of Covid. “Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident,” it said.…

16 Jul

No fuel price hike on Friday

editor0 CommentsBusiness, IndiaFuel

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price movement before making further revisions. Accordingly, petrol continues to be priced at Rs 101.54 a litre and diesel 89.87 a litre in the national capital. Across the country as well the fuel prices remained unchanged on Friday but the rates varied depending on the level of local taxes in states. Starting from a price line of Rs 90.40 a litre on May 1, petrol is now priced at Rs 101.54 a litre in the national capital, rising by a sharp…

15 Jul

Taapsee Pannu announces her first home production film ‘Blur’

editor0 CommentsBusinessBollywood

Taapsee announced her production house's debut film Blur and released its motion poster.Taapsee Pannu, has been garnering praises as well as backlash for her film Haseen Dilruba, which released on Netflix. On Thursday she made a big announcement that she has turned producer and started her own film production company, Outsiders Films. The film will be directed by Ajay Bhal, who is known for his film 'Section 375' which was highly appreciated by the audience. BLUR is jointly written by Pawan Soni and Ajay Bhal. The poster of the film has generated keen interest among the audience. Apart from her…

15 Jul

Mastercard ban: RBL Bank’s credit card issuance to take hit, switches to Visa

editor0 CommentsBusiness, IndiaBANKS, Business

RBL Bank said that its credit card issuance rate will be impacted post the Reserve Bank barring Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22. RBL Bank, which currently issues credit cards on the Mastercard network only, said it has entered into an agreement with Visa Worldwide on Wednesday to issue credit cards enabled on the Visa payment network. The bank expects to start issuing credit cards on the Visa payment network post the technology integration, which is expected to take 8 to 10 weeks. “Our bank’s current run rate of…