Business News Northeast - Latest Business Northeast News & Updates

24 May

Crypto miners halt China business

editor0 CommentsBusinessbitcoin, China, crypto transactions, cryptocurrency

Bitcoin took a beating after the latest Chinese move, and is now down nearly 50% from it's all-time high. It shed as much as 17% on Sunday, before paring some losses and was last trading steady in Asia. Elsewhere, Ether fell to a two-month low on Sunday, down 60% from a record peak hit just 12 days ago. Cryptocurrency mining operators, including a Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on bitcoin mining and trading, sending the digital currency tumbling. Crypto miners use increasingly powerful, specially-designed computer equipment, or…

22 May

Reserve Bank of India transfer Rs 99,122 crore as surplus to the Centre

editor0 CommentsBusinessCentre Government, RBI

The Reserve Bank of India has announced that it will transfer Rs 99,122 crore as surplus to the Centre for the nine months ended March 31, 2021. The central bank, which has followed a July-June accounting year, is transitioning to an April-March accounting year from this fiscal. The surplus is 73.5 per cent higher than the Rs 57,128 crore payout last year. But it works out to an increase of 131.34 per cent over a proportionate payout of Rs 42,846 crore in the nine-month period of the previous year. The amount being transferred is the highest since 2018-19 when the…

22 May

Microsoft dumps Internet Explorer in Windows 10 21H2 preview build

editor0 CommentsBusiness, Technology

Microsoft is bidding goodbye to Internet Explorer after 26 long years. For a web browser that was once market leader and then one of the holy trinity along with Google Chrome and Mozilla Firefox, it might seem like the end of an era. But the fact is that Internet Explorer’s time had come long ago. Microsoft recently opened up a little about the transition to Internet Explorer-free Windows 10 experience and revealed that Chromium Edge is the future of Internet Explorer on the operating system. After the announcement, changes have already begun to appear in the preview builds of Windows…

21 May

Infosys announced its collaboration with the Centre for Accessibility Australia

editor0 CommentsBusinessaustralia access awards, Centre accessibility Australia, Infosys, infosys Australia, world wide web

Infosys a global leader in next-generation digital services and consulting, announced its collaboration with the Centre Accessibility Australia on Global Accessibility Awareness Day to help drive awareness and inspire a more accessible and inclusive community via the Australian Access Awards. An integral part of this collaboration is the Centre for Accessibility Australia acting as a trusted advisor to Infosys on digital accessibility. As an invited member on the Accessible Platform Task Force in W3C (World Wide Web Consortium) this advisory is crucial to Infosys' Australia and New Zealand's CSR program. Known as Pathways. "Improving accessibility in our workplaces and community…

20 May

Sony introduces a compact, ultra-wide-angle lens

editor0 CommentsBusinessFE 14mm F1.8 GM lens, SONY, ultra-wide-angle lens

Sony India unveils the newest addition to its E-mount lens lineup with the introduction of the FE 14mm F1.8 GM (model SEL14F18GM) – a compact, large-aperture, ultra-wide-angle lens. The new FE 14mm F1.8 GM features a compact optical design, measuring just 83mm x 99.8mm and weighing just 460g (approx.), with advanced optical technology that delivers superb resolution and stunning contrast. The FE 14mm F1.8 GM can produce beautiful bokeh at F1.8. It offers expanded possibilities for close-up still and video shooting and creates stunning bokeh known to Sony’s G Master premium series of lenses. Using two XD (extreme dynamic) Linear…

20 May

Amrutanjan brings Comfy

editor0 CommentsHealth, BusinessAmrutanjan Healthcare Limited, Comfy

With Comfy Snug Fit, Amrutanjan Healthcare Limited brings new hope in women hygiene market with its superior technology to provide affordable and high quality sanitary napkins. The brand is striving to provide hygienic menstruation solutions to cloth users. It will drive awareness campaign to educate cloth users about health and hygiene benefits of choosing sanitary napkins over cloth. The brand has roped in renowned actress Shraddha Kapoor to drive awareness campaign around menstrual hygiene. The campaign will be launched on a variety of platforms across multiple media, including TV, digital and in-store. Amrutanjan was the first company to launch a…

20 May

Darjeeling tea: Indian exporters should invest more

editor0 CommentsBusinessDarjeeling tea, Drip Capital, tea trade

A global trade finance company, Drip Capital Inc, has recently released a report examining tea trade across different regions of India. Drip Capital’s research indicates that West Bengal exported US $173 Mn worth Indian tea in FY 2019-20. It has also been observed that the tea exports from this region have been growing at a CAGR of 10% over the past five years i.e. during the period FY 2015-20. From analyzing proprietary and publicly available data, getting insights from tea manufacturers in the country to understanding several emerging market trends, the report speaks in-depth about the dynamics of the tea…

20 May

Vi announces special offers for 60mn users

editor0 CommentsBusinessCovid-19 relief offer, telecom operator, Vi

Vi, India’s leading telecom operator, came out with a special Covid-19 relief offers for its 60 million low-income customers. It will help them stay connected at all times during the ongoing second wave of the pandemic. As a special relief offer, Vi will provide Rs. 49 pack Free to over 60 million low income customers due to the current situation. The pack offers talktime of Rs. 38 and 100 MB data with a validity of 28 days. With this Vi is hopeful of enabling its customers to stay connected safely, and have access to all necessary information in these challenging…

17 May

Moglix: Valuation jumps to $1 Billion

editor0 CommentsBusinessB2B commerce platform, manufacturing company, Moglix

Moglix is said to be valued at $1 billion in its latest $120 million Series E funding round. The company has reached an important milestone by becoming the first industrial B2B commerce platform, in the manufacturing space, to become a unicorn. The latest investment was led by Falcon Edge Capital and Harvard Management Company (HMC). This round of funding also saw participation from its existing investors, Tiger Global, Sequoia Capital India and Venture Highway. Moglix also has an award-winning suite of software products for contract management and B2B Commerce. Global FMCG giant Unilever uses the platform for ~$30 billion of…

17 May

Mahindra’s M-Protect Covid plan for farmers

editor0 CommentsBusiness, HealthM-Protect Covid plan, mahindra

Mahindra & Mahindra’s Farm Equipment Sector, a part of the USD 19.4 billion Mahindra Group has rolled out ‘M–Protect Covid Plan’, a new customer centric initiative committed to support Indian farmers in these testing times. Mahindra’s M-Protect Covid Plan aims to safeguard new Mahindra tractor customers and their families against the eventuality of contracting COVID-19. Under the M–Protect Covid Plan, Mahindra will provide customers – (1) A health cover of Rs 1-lakh through a unique COVID Mediclaim policy, (2) Financial support by providing pre-approved loans to support medical expenses incurred during COVID-19 treatment and (3) Insurance of customers’ loan under…