Business News Northeast - Latest Business Northeast News & Updates

11 Mar

RBI guides Paytm Payments Bank to stop onboarding of new clients

editor0 CommentsBusinesspaytm, RBI

The Reserve Bank of India (RBI) on Friday directed Paytm Payments Bank Ltd to give up onboarding of new customers with instantaneous effect. The bank has also been directed to appoint an IT audit firm to behavior a complete System Audit of its IT system. The RBI took the choice in exercise of its powers beneath part 35A of the Banking Regulation Act, 1949. "Onboarding of new customers through Paytm Payments Bank Ltd will be challenge to specific permission to be granted via RBI after reviewing document of the IT auditors. This motion is based on positive fabric supervisory worries…

11 Mar

Castrol announced the launch of Castrol MAGNATEC

editor0 CommentsBusinessCastrol, MAGNATEC

India’s leading lubricant brand Castrol announced the launch of its latest range of Castrol MAGNATEC, featuring India’s widest offering of BS-VI-ready engine oils for cars and SUVs. The new range also features India’s first 0W-16 engine oil for retail aftermarkets and the all-new Castrol MAGNATEC SUV that provides SUVs with proven protection from heavy-load wear. The new Castrol MAGNATEC has reduced SAPS content and is BS-VI ready as per industry specifications of ACEA C2/C3. It also meets API requirements to control the problem of low-speed pre-ignition (LSPI) in gasoline direct injection (GDI) and turbocharged GDI engines. Each of the variants…

11 Mar

Ather Energy enters Assam with its first retail outlet

editor0 CommentsBusinessassam, Ather

India’s leading electric scooter brand Ather Energy began its retail operations in the North East region in the capital city of Guwahati, Assam. The new retail outlet, Ather Space, located at Bharalumukh, will retail the Ather 450X, one of India’s quickest and smartest scooters, alongside the Ather 450 Plus. It will provide a unique ownership experience along with complete service and support for the owners. The company launched India’s first truly intelligent electric scooter - Ather 450 in 2018 in Bangalore. It registered 20% month-on-month sales growth over the past year. The company has 30 experience centers across India, and…

11 Mar

Technology adoption can help women entrepreneurs

editor0 CommentsBusinessMastercard m

E-commerce in India has seen tremendous growth in the last few years. Many women in tier 2 and 3 cities have begun to adapt and reap the benefits of selling online. The worst hit is women business owners in inner cities and rural areas who also must fight societal gender barriers. It is critical to break the bias and empower women through focused education and training interventions about business and technology.Mastercard shared the top three ways how technology adoption can help women entrepreneurs to succeed—(1) Making businesses more efficient - Initiatives such as Project Kirana by Mastercard and USAID leverages…

10 Mar

Oil prices fall most in 2 years as UAE supports output hike

editor0 CommentsBusiness, International

Global oil costs fell on Wednesday by way of the most in nearly two years after OPEC member the United Arab Emirates stated it supported pumping greater oilinto a market roiled by way of grant disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their largest one-day decline on account that April 21, 2020. U.S. crude futures ended down $15.44, or 12.5%, at $108.70, their biggest day by day decline considering that November. "We desire production will increase and will be encouraging OPEC to consider greater production…

10 Mar

West Bengal to get Rs 952 crore loan from World Bank for welfare schemes

editor0 CommentsWest Bengal, Business

The West Bengal authorities will get hold of over Rs 952 crore mortgage help from the World Bank to guide its social welfare schemes beneath the 'Jai Bangla' initiative, and a tripartite settlement in this regard was inked on Thursday. The Centre, West Bengal government and the World Bank have signed a USD one hundred twenty five million (Rs 952.61 crore) mortgage agreement to assist efforts to help bad and susceptible companies get entry to social safety services in the country of West Bengal, the multilateral lending business enterprise said in a release. The West Bengal authorities runs more than…

10 Mar

Promote Drag Racing Culture in India with Xtreme 160r

editor0 CommentsBusinessHERO MOTOCORP

The world's largest manufacturer of motorcycles and scooters Hero MotoCorp has signed nine-time national drag racing champion Hemanth Muddappa as a Brand Ambassador for the Hero Xtreme 160R. Bengaluru-based Hemanth will promote the drag racing culture in India with Hero MotoCorp’s ongoing XDrags, a pan India drag racing experiential event organized on the Hero Xtreme 160R. He has been breaking records in the drag racing circuit and bagged his fifth consecutive title at the MMSC FMSCI Indian National Drag Racing Championship 2021. He won two golds in the above 1050cc and 851-1050cc categories. He is the only Indian Drag Racer…

10 Mar

One of the world’s biggest-selling Scotch whisky Chivas 12

editor0 CommentsBusinessChivas 12

Blended Scotch whisky Chivas has unveiled a fresh new look for its flagship blend - the biggest redesign in Chivas’ 112-year history. Chivas 12 - one of the world’s biggest-selling Scotch whiskies - has undergone an extensive redesign of its bottle, label, and pack to usher in a striking new look that blends boldness, modernity, and status while still flexing the luxury and distinguished heritage long associated with Chivas. A redesigned crest shines a light on the beating heart of Chivas – the ‘luckenbooth’, a symbol embodying the Chivas values of ambition, generosity, and unapologetic success. The outer box has…

10 Mar

Forever 21 unveils 3rd store in the Northeast

editor0 CommentsBusinessNortheast

India’s most loved international trend-focused brand from Los Angeles, California Forever 21 unveiled its first flagship store in Imphal and 3rd in the Northeast. The brand aims to increase its footprint in the Northeast states and it is licensed by Aditya Birla Fashion and Retail Ltd. in India and SAFTA countries. The store spread across 4,500 sq ft and offered the latest seasonal trends and collaborations. The Forever 21 x Hello Kitty collaboration, an entire collection inspired by the Hello Kitty & Friends characters. The store also features a series of collections styled for young and trendy men. It celebrated…

10 Mar

Medica provides world-class cancer treatment at Kolkata

editor0 CommentsBusinesskolkata, Medica

Medica Superspecialty Hospital (the largest private hospital chain in Eastern India) through their newly set up Oncology Department, providing world-class cancer treatment at Kolkata, achieved yet another momentous feat on a 74-year-old Kidney Cancer patient who could not be operated on in traditional method due to various complications, by conducting robotic surgery with the help of 4th generation Da Vinci X Surgical Robot available at the facility. This minimal invasive, challenging, yet successful operation of a critical patient adds another feather in the cap of the Medica Oncology team led by the Director of Medica Cancer Hospital, Dr. Sourav Dutta.Septuagenarian…