Business News Northeast - Latest Business Northeast News & Updates

13 Sep

Myntra’s profit increase Rs 548.3 crore in FY25

Business CorrespondentBusiness, News

New Delhi, Fashion and lifestyle e-commerce platform Myntra Designs Pvt Ltd has reported a multi-fold jump in consolidated profit to Rs 548.3 crore for the financial year ended March 2025. According to data received from Toffler, the Bengaluru-based company had reported a profit of Rs 30.9 crore in the previous financial year. The company's operating revenue grew 18 percent from Rs 5,121.8 crore in FY24 to Rs 6,042.7 crore in FY25.

13 Sep

Shyam Metalics mobilises 800 employees for blood donation drive at Jamuria plant

Business BureauBusiness

Shyam Metalics, a leading integrated metal-producing company, successfully conducted a large-scale blood donation camp at its Jamuria Plant today, drawing participation from over 800 employees. The initiative underscored the company’s commitment to community welfare and showcased the spirit of workforce solidarity extending beyond industrial operations. The event was inaugurated by Mr. S.K. Maity, Plant Head, Jamuria Unit, followed by the commencement of the day-long donation drive. Distinguished guests including Maharaj Somatma Nanda, Mrs. Latifa Kazi, Mr. Narendranath Chakraborty, and Mr. Hareram Singh attended the camp, delivering motivational speeches and interacting with employees to encourage voluntary blood donation. Mr. Brij Bhushan…

13 Sep

AI Tops the Wishlist for Gen Z Talent in India’s Workplaces

editorBusiness

According to the survey, the majority of Gen Z workers and supervisors admitted to using prohibited AI tools to do creative tasks. Gen Z professionals in India want more freedom to experiment with AI technologies, despite the fact that enterprise use of AI is still in its early stages globally. Over 78 per cent of Gen Z workers said that experimenting with AI tools could help improve their visual workflows, according to a new report by Canva on Tuesday, September 9. The findings of the survey dubbed 'State of Visual Communication survey' demonstrate that there is a big disparity between…

12 Sep

India’s foreign exchange reserves increase US$ 698.27 billion

Business CorrespondentBusiness, News

Mumbai, India's foreign exchange reserves rose by US$ 4.038 billion to US$ 698.268 billion during the week ended September 5, according to data from the Reserve Bank of India (RBI) on Friday. The increase was due to a significant increase in the value of gold reserves. In the previous reporting week, the total reserves had risen by US$ 3.51 billion to US$ 694.23 billion. According to the data, foreign currency assets, a major component of the foreign exchange reserves, rose by US$ 540 million to US$ 584.477 billion during the week ended September 5. Expressed in dollars, foreign currency assets…

12 Sep

BSA Gold Star marks first anniversary in India with limited-edition Goldie-kit and festive offers

Business BureauBusiness

BSA Gold Star, the iconic British motorcycle reborn in India last year, is celebrating its first anniversary with a special festive offer and a limited-edition accessory set, the Goldie-kit. Riders trading in any two-wheeler between 23 August and 23 September 2025 can avail up to Rs 10,000 in exchange value. Additionally, purchases before 21 September can save up to Rs 23,702 on ex-showroom prices, including the curated accessory set worth Rs 5,896. The 652cc Gold Star, known for its single-cylinder refinement, timeless café racer design, and modern features like LED lighting and dual-channel ABS, continues to impress motorcycle enthusiasts. The…

12 Sep

Wow! Eats Brings Foodie Delights to Gangtok: A New Dining Experience Awaits

Business BureauBusiness

Wow! Momo Foods, India’s fastest-growing homegrown QSR brand, is expanding its footprint in the Northeast with the launch of its first Wow! Eats outlet at Vajra World, Gangtok. Scheduled to open on September 12, the 1st-floor outlet will bring together all four of the company’s signature brands – Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi – under one roof, offering a diversified dining experience for local consumers. A standalone Wow! Kulfi store will also open on the Ground Floor, dedicated to the popular Indian dessert with a contemporary twist. The grand opening will feature festive celebrations and special…

11 Sep

GST cut: Cement prices to downgrade by Rs 30-35 per bag

Business CorrespondentBusiness, News

New Delhi: Rationalisation of GST will reduce cement prices by Rs 30-35 per 50 kg bag and also reduce construction costs, a report by India Ratings and Research (Ind-Ra) said. Last week, the GST Council decided to introduce two slabs - 5 percent and 18 percent - in the existing GST regime. From September 22, cement will be taxed at 18 percent instead of 28 per cent. The report said the change is "structurally positive" for the cement sector and could boost demand in the affordable category, which has been weak in recent times. Ind-Ra believes companies will pass on…

11 Sep

Ujjivan SFB targets Rs 1 lakh crore loan book by FY30 with focus on secured lending

Business BureauBusiness

Ujjivan Small Finance Bank (Ujjivan SFB) has announced its roadmap to achieve a Gross Loan Book (GLB) of ₹1 lakh crore by FY30, building on its rapid growth since becoming a small finance bank in 2017. The strategy emphasizes diversification of its loan portfolio, expansion of liability franchise, and a stronger focus on cost efficiency to ensure sustainable profitability. The bank has steadily increased its secured lending from 16% in FY19 to 46% in Q1FY26, with a target of 65%–70% by FY30. Key growth drivers will include affordable housing, MSME lending, vehicle finance, gold loans, and agri loans, alongside new…

11 Sep

Tata AIA launches ‘Health Buddy’ and Health SIP to redefine insurance with wellness

Business BureauBusiness

Tata AIA Life Insurance has launched “Tata AIA Health Buddy,” India’s first 24x7 health and wellness companion from a life insurer, aimed at blending health protection with wellness and life insurance. Alongside, the company also introduced “Tata AIA Health SIP,” a unique plan that combines health coverage with wealth creation. Health Buddy, available through the Tata AIA app, offers preventive health check-ups, doctor consultations across 24 specialties, dental and women’s wellness services, fitness guidance, and second medical opinions for critical illnesses. Tata AIA has also unveiled a friendly mascot to make the concept approachable and accessible. Amit Dave, Chief Distribution…

11 Sep

Apple plans to introduce the thinnest iPhone

editorBusiness

Launch of the iPhone 17 Air: Apple has made a radical design change with the new iPhone 17 Air, which is only 5.6 mm thick. Additionally, the company announced a slimmer, smarter Apple Watch Series 11 and updated AirPods Pro with live translation. The focus of Tuesday's Apple event was remodeling and fresh design. Apple unveiled a brand-new iPhone Air model, the thinnest of its kind at only 5.6mm. Because of the new form, the phone's internal components had to be changed to make room for the device. However, this redesign did not entail sacrificing quality because the phone boasts…