Business News Northeast - Latest Business Northeast News & Updates

10 Sep

Cottonseed oil futures prices downgrade on weak demand

Business CorrespondentBusiness, News

New Delhi, Cottonseed oil cake prices on Tuesday fell by Rs 38 to Rs 2,954 per quintal in futures trade as traders reduced their positions following a weak trend in the spot market. At the NCDEX, cottonseed oil cake contracts for December delivery fell by Rs 38, or 1.29 per cent, to Rs 2,954 per quintal in a business turnover of 7,890 lots. Analysts said selling by traders at current levels amid sluggish market sentiment mainly led to the fall in cottonseed oil cake prices.

10 Sep

Instamart unveils Quick India Movement sale with up to 90% discounts, 10-minute delivery

Business BureauBusiness

Instamart, India’s leading quick commerce platform, has announced its first-ever annual mega sale, the Instamart Quick India Movement 2025, billed as the country’s quickest sale. The 10-day shopping festival will be live on the Instamart and Swiggy apps from September 19 to 28, offering customers discounts between 50% and 90% across more than 50,000 products, delivered in just 10 minutes. The sale will feature blockbuster deals on smartphones from OnePlus, Oppo, Xiaomi, and realme, as well as gadgets and appliances from boAt, JBL, and Philips. Home and kitchen brands like D’Decor, Bergner, and Borosil, along with personal care essentials from…

09 Sep

Infosys shares increase after buyback proposal

Business CorrespondentBusiness, News

New Delhi: Infosys shares jumped nearly 5 percent on Tuesday after the company said its board will consider a proposal for buyback of equity shares on September 11. The stock rose 4.70 percent to Rs 1,500 on the BSE. It rose 4.68 percent to Rs 1,502.80 on the NSE. No other details were given in the notice filed by Infosys to the BSE about the buyback. "The board of directors of Infosys Limited will, at its meeting scheduled to be held on September 11, 2025, consider a proposal for buyback of fully paid-up equity shares of the company, in accordance…

09 Sep

Swiggy enters gifting market with ‘Giftables’, targets festive season surge

Business BureauBusiness

Swiggy Ltd (NSE: SWIGGY) has entered the gifting space with the launch of Giftables, an on-demand gifting platform offering over 10,000 curated options ranging from cakes, flowers, and chocolates to perfumes, electronics, and toys. The service, aimed at simplifying both last-minute and planned gifting, allows users to combine multiple gifts into a single order delivered in 10–60 minutes. Currently live in Bangalore, Swiggy plans to expand Giftables to Mumbai, Delhi, and other metropolitan cities soon. A standout feature includes an upcoming AI-powered gifting chatbot that will provide personalized recommendations based on the occasion, recipient’s personality, relationship, and interests. Users can…

08 Sep

Aluminium futures increase: New deals push fuel prices higher

Business CorrespondentBusiness, News

New Delhi: Aluminium prices rose by 75 paise to Rs 256.30 per kg in futures trade on Monday as speculators created new deals amid a positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for October delivery rose by 75 paise, or 0.29 per cent, to Rs 256.30 per kg in a business turnover of 438 lots. Analysts said fresh buying by traders amid demand from consumer industries supported aluminium prices in the futures market.

08 Sep

Godrej Agrovet opens first Samadhan Center in Mizoram, pioneer oil palm growth

Business BureauBusiness

Godrej Agrovet Limited’s Oil Palm Business has inaugurated its first Samadhan center for oil palm farmers in Bukvannei, Kolasib district, signaling a major push to modernize the state’s palm oil sector. Samadhan, a one-stop solution (OSS) center, provides farmers with end-to-end support—from seed to harvest—offering access to advanced tools, advisory services, and productivity-enhancing solutions. The launch was attended by Joseph Lalnuntluanga, District Agriculture Officer, Kolasib; Lianthanzauva, Assistant Director of Agriculture; and Sougata Niyogi, CEO – Oil Palm Business, Godrej Agrovet. Mizoram, under the National Mission on Edible Oil – Oil Palm (NMEO-OP), has a cultivation potential of 60,000–70,000 hectares. The…

06 Sep

Ola Electric Mobility shares downfall over 6%, Japan’s SoftBank sells 2.15% stake

Business CorrespondentBusiness, News

Shares of Ola Electric Mobility fell as much as 5.88% to hit a low of ₹60.71 per share on the National Stock Exchange (NSE) on Friday, September 5. The decline comes after Japan's SoftBank's investment arm, SVF II Ostrich (DE) LLC, sold its 2.15% stake in the electric vehicle (EV) company between July 15 and September 2, 2025. A regulatory filing released on Thursday said SoftBank's investment arm has sold a total of 94.9 million shares in Ola Electric Mobility. The filing said, "SVF II Ostrich (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric…

05 Sep

Mukesh Ambani praises second-gen GST reforms, citing lower prices and simplified compliance

Business BureauBusiness

Shri Mukesh D Ambani, Chairman and Managing Director of Reliance Industries Limited and Reliance Retail, India’s largest retailer, today warmly welcomed the Government of India’s second-generation reforms of the Goods and Service Tax (GST) rates. Congratulating Prime Minister Shri Narendra Modi for delivering on his promise of a historic “Diwali Gift to the people of India”, Shri Mukesh D Ambani said, “The GST rationalisation is a progressive step towards making products and services more affordable for consumers, easing operational complexity of doing business, lowering inflation and driving consumption growth across the retail sector. This will serve as a big booster to India’s economic growth. With GDP growth…

05 Sep

Master the art of sleek, polished styling with Schwarzkopf Professional’s OSiS+ Smooth & Shine Range

Business BureauBusiness

Step into a world where professional styling meets everyday wearability. Schwarzkopf Professional’s OSiS+ Smooth & Shine range is designed for those who see their hair as a statement of refinement - delivering silky smoothness, frizz-free control and a dazzling, mirror-like gloss. With feather-light textures and advanced formulations, this collection ensures your hair not only looks radiant but feels luxuriously touchable, all day long. Developed with the modern trend-setter in mind, this versatile line offers more than just shine. It brings together frizz control, detangling, heat protection and long-lasting humidity defence to transform unruly textures into effortlessly sleek, polished styles. Whether…

05 Sep

West Bengal residents show 100% life insurance awareness, study finds

Business BureauBusiness

A new study by the Insurance Awareness Committee (IAC-Life) in collaboration with Kantar has revealed that West Bengal is among the most financially aware states in India, recording 100% life insurance awareness and a high level of trust in long-term financial planning. According to the findings, 40% of respondents already own a life insurance policy, with 52% of them holding their plans for more than six years. About 25% of residents intend to buy a policy within the next three months, underlining rising interest in financial security. The top motivation for both buyers (60%) and intenders (68%) remains protecting the…