Business News Northeast - Latest Business Northeast News & Updates

26 Aug

Govt. of Nagaland and JK Trust sign MoU launched “Employment Linked Skill Training Program”

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A social initiative of Raymond JK Trust together with its supporting partners,signed a MoU with the Government of Nagaland to launch an “Employment Linked Skill Training Program” in Kohima during CSR Conclave. The MoU was signed in the presence of the Hon’ble Finance Minister of India, Smt.Nirmala Sitaraman and Hon’ble Chief Minister Shri. Neiphiu Rio. The project is supported by NABARD (National Bank for Agriculture and Rural Development), Silver Spark Apparel Limited (Raymond Group) and Directorate of Technical Education under the Government of Nagaland. India has a demographic dividend advantage and if this potential is tapped, the country will witness…

26 Aug

Dr. Pronab Sen deliver anniversary lecture on bandhan Bank’s 7th anniversary

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Bandhan Bank has celebrated its 7th Anniversary. Dr. Pronab Sen, the former Principal Economic Advisor, Planning Commission, graced the occasion as the chief guest. He has delivered the Anniversary Lecture on “Build Back Better – The Role of Finance”. On this occasion, the Bank has launched a new account, called ‘Neo+ Digital Savings Account’, to offer more convenience to the customers. This account offers a completely paperless and contactless account opening process, including a video KYC module. It also provides instant access to mBandhan mobile app and Internet Banking for online transactions. Chandra Shekhar Ghosh, Founder, MD and CEO, Bandhan…

26 Aug

4 DAY EXHIBITION INTCON EXPO GUWAHATI 2022 INAUGURATED

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A 4-day INTCON EXPO (8th Edition) Guwahati 2022, It is an unique 4 days (25th to 28th August, 11am - 7pm) exhibition was inaugurated for the Interior Design & Construction sector.Being held in Maniram Dewan Trade Centre is the only B2B Expo of Northeast India to promote strategic connections between manufacturers, wholesalers, distributors, dealers, solution providers, and end-users. About 80+renowned national brands are participating at the expo showcasing their products.The expo was inaugurated by many trade bodies and associations from construction and interior sector. Speaking on the occasion, Organiser- Mr. Pranab said, “Such exhibitions are an absolute necessity, and they…

25 Aug

Flexible workplaces, work-from-home ecosystem: PM Narendra Modi on future of workplaces in India

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Prime Minister Narendra Modi on Thursday addressed the National Labour Conference and said the Union Labour Ministry is working toward developing an imaginative and prescient for 2047, which consists of bendy workplaces and work hours, work-from-home ecosystems, and working stipulations conducive for women. In the conference, PM Modi said, "In the last eight years, we have brought labor reforms and removed imperialist and regressive labour laws. Through these changes we have ensured basic pay, health insurance schemes and various benefits for workers. Emergency credit line guarantee The scheme has covered 1.5 crore people at some stage of the Covid pandemic.”…

25 Aug

India to rollout 5G services by October 12: Ashwini Vaishnaw

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Union IT minister Ashwini Vaishnaw on Thursday said that 5G services will be launched in India by means of October 12 after which it will reach further in cities and towns. "Our expectations are that 5G have to attain in every part of the country in the next 2 to 3 years. We'll make sure that it stays affordable. The industry is focusing on both city as well as rural areas," he said.

25 Aug

Meesho organizes Maha Indian Savings Sale on August 27th & 28th

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Meesho has announced that more than 5,000 small businesses from the state of Assam are now registered on the platform. The platform also recently logged more than 102 million downloads in Q4 FY2022, up more than 5x year on year. Meesho has witnessed a significant increase in the number of MSMEs from Assam joining the platform in the past year. Top categories preferred by the suppliers in the region include apparel, personal care & wellness, consumer electronics and home décor. Meesho has extensively worked towards supporting and enabling SMBs across the country especially helping small cities exploit the benefits of…

25 Aug

Axis Bank has 152 branches and 282 ATMs in NE region

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The Finance Minister of India, Smt. Nirmala Sitharaman lauded the efforts of Axis Bank, India’s third largest private sector bank, for dedicating its Mon branch, which is now the first private sector bank branch in Mon District, Nagaland. Axis Bank recently dedicated four branches in the North-East region. It includes the Mon Branch at Mon District, Nagaland; Madanrting Branch at East Khasi Hills District, Meghalaya; and two in Assam, namely, Demow Branch at Sibsagar District and Gohpur Branch at Biswanath District. It was a proud moment for the Bank as the Finance Minister of India graced the new branch at Mon and addressed its people in…

25 Aug

Amway becomes first pre- and post-consumer plastic waste neutral company

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Amway India, one of the largest FMCG direct selling companies in the country, has become ‘Pre- and Post-Consumer Plastic Waste Neutral’ after having managed 100% post-consumer plastic waste based on its Extended Producer Responsibility (EPR) collection and recycled 100% pre-consumer plastic waste generated at the Amway manufacturing facility. \ The company has collected and recycled 800 metric tons of post-consumer plastic waste, which is equivalent to managing over 50 million units of plastic product waste comprising bottles, tubes, caps, jars, and sachets of different sizes. Additionally, it has recycled and reused 100% hazardous products and plastic waste at its manufacturing…

25 Aug

Tata Motors has won an order of 921 electric buses from Bengaluru Metropolitan Transport Corporation

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India’s largest commercial vehicle manufacturer, Tata Motors announced that the company has won an order of 921 electric buses from Bengaluru Metropolitan Transport Corporation (BMTC). Under the larger tender by Convergence Energy Services Limited (CESL), Tata Motors will supply, operate and maintain 12-metre electric buses for a period 12 years, as per the contract. Tata Starbus is an indigenously developed vehicle with superior design and best-in-class features designed for sustainable and comfortable travel. Mentionworthy, Tata Motors has already received orders for 1,500 electric buses from Delhi Transport Corporation (DTC) and 1,180 electric buses from West Bengal Transport Corporation (WBTC), respectively…

24 Aug

UTI Mastershare Unit Scheme: India’s first equity-oriented fund

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Launched in October 1986, UTI Mastershare Unit Scheme is India’s first equity-oriented fund. It has a track record of wealth creation of over 35 years. UTI Mastershare Unit Scheme is an open-ended equity scheme which predominantly aims to invest in large cap companies having competitive advantage in their respective fields. It follows an investment style of Growth at Reasonable Price (GARP) for stock picking. This means that, given the underlying growth in earnings of a company, a reasonable price is to be paid to buy that stock in the portfolio.The Fund aims to invest in companies that are fundamentally strong…