Business News Northeast - Latest Business Northeast News & Updates

24 Feb

Rs 18,000 cr got back to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC

editor0 CommentsBusiness

As much as Rs 18,000 crore have been back to Indian banks from fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi, the central government advised the Supreme Court on Wednesday, stated IANS. All three businessmen are wanted in India on fraud charges. Solicitor General Tushar Mehta made the submission to a bench headed by Justice AM Khanwilkar that is listening to a batch of petitions difficult sure amendments to the Prevention of Money Laundering Act and the scope of the Enforcement Directorate’s powers in cases related to the law, media reported. Mehta additionally instructed the court docket that the…

23 Feb

Medica successfully conducts Hysterectomy in daycare through Robot

editor0 CommentsBusiness, IndiaMedica

Medica Super specialty Hospital has set up Oncology Department, providing world class cancer treatment at Kolkata, achieved a momentous feat of a first Daycare Robotic hysterectomy made possible by the incorporation of 4th generation Da Vinci surgical Robot available at the facility. Mrs.Samanta, the 50-years-old premenopausal (around menopause) middle-class homemaker from Midnapore, had been suffering from heavy and prolonged menstrual bleeding. The patient and her family opted to undergo a Robotic hysterectomy after understanding the benefits of the surgery made available through the state of art 4th generation Da Vinci surgical Robot available at Medica Superspecialty Hospital, Kolkata. Mrs. Samanta…

23 Feb

Propelled raises Rs. 262 Cr. in Series B funding

editor0 CommentsBusiness, Education, IndiaPropelled

An education-focused fintech platform Propelld has raised Rs. 262 Crore in Series B funding round led by WestBridge Capital along with the existing investors - Stellaris Venture Partners and India Quotient. It works with educational institutes to increase learners' tuition fee affordability by providing customized loan products through a fully digital loan journey. Founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty, and Brijesh Samantaray, Propelled has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs. 600 Cr. plans to grow the loan book rapidly in segments…

22 Feb

Tic Tac, announces the launch of ‘Tic Tac Seeds’ in two variations

editor0 CommentsBusiness, India'Tic Tac Seeds’

Tic Tac, has today announced the launch of 'Tic Tac Seeds’ in two variations - Saunf and Ginger Elaichi flavor across India. Tic Tac innovated and developed ‘Tic Tac Seeds’ a crunchy shell filled with crushed seeds, that provides a long- lasting and unique taste experience. Positioned as refreshingly traditional, the ‘Seeds’ innovation, is a step towards strengthening Tic Tac’s presence in the refreshment category. Tic Tac has also recently expanded its price proposition to Re. 1, that makes it accessible to a much larger set of consumers. Tic Tac Seeds will also be available at INR 1 and INR…

22 Feb

TransUnion CIBIL Partners with FICCI

editor0 CommentsBusiness, IndiaFICCI, TransUnion

TransUnion CIBIL has partnered with the Federation of Indian Chambers of Commerce & Industry (FICCI) to launch a unique nationwide MSME consumer education program that will support MSMEs in gaining awareness of credit management, CIBIL Rank and commercial credit information. The program objective is to empower MSMEs with knowledge on how to build a good credit history and CIBIL Rank to avail easier and faster access to finance. This program will kick off with MSME clusters in Maharashtra, Assam and Tripura and aims to reach thousands of MSMEs across key MSME clusters in India.In addition to offering MSME lenders solutions…

22 Feb

ED conducts raids at Indiabulls Finance Centre

editor0 CommentsBusiness, Crime

The Enforcement Directorate (ED) on Monday raids at Indiabulls Finance Center in Mumbai on Monday.A joint group of ED Delhi and ED Mumbai was leading hunts. The ED search is based on an Enforcement Case Information Report (ECIR) enrolled by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002 (PMLA) against Indiabulls Housing, advertiser Sameer Gehlaut and a few other related organizations and people. In April 2021, ED had enrolled a body of evidence against Indiabulls Housing and its advertisers. The ED had enlisted a case based on a Palghar FIR which says that the organization had siphoned…

21 Feb

STING® NEW SUMMER CAMPAIGN

editor0 CommentsBusiness, Indiaakshay kumar, STING®

PepsiCo India’s Sting® has unveiled a new TVC featuring brand ambassador and superstar Akshay Kumar as an extension of the brand’s ‘Energy Bole Toh Sting®’ mantra to entertain consumers. Sting® and Akshay Kumar together are all set to expand the brand’s footprint across the country, engage the youth and encourage audiences to maximize each moment of their lives with can-do energy. The new Sting® TVC will be amplified across TV, digital, outdoor, and social media with a 360-degree campaign. The TVC encourages consumers to electrify their moment with the refreshing taste of Sting®. Sting® is available in small single serve packs in…

20 Feb

Caution on launches help builders improve inventory profile: PropTiger

editor0 CommentsBusiness, IndiaPropTiger

The restraint shown towards new project launches has helped developers in Kolkata improve their inventory profile, a fact evident from the fact that the City of Joy has the lowest number of unsold stock among India's eight prime residential markets.According to ‘Real Insight Residential – Annual Round-up 2021’, an analysis of these leading housing markets by online real estate company PropTiger.com, Kolkata contributes only 4% to the national unsold stock, with inventory as on December 31, 2021, standing at 25,716. The inventory overhang - the period developers would take to sell off this unsold stock, keeping in view the current…

20 Feb

JAGUAR LAND ROVER ANNOUNCES PARTNERSHIP WITH NVIDIA

editor0 CommentsBusiness, IndiaJAGUAR LAND ROVER, NVIDIA

Jaguar Land Rover has formed a multi-year strategic partnership with NVIDIA, to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers. Starting in 2025, all new Jaguar and Land Rover vehicles will be built on the NVIDIA DRIVE™ software-defined platform—delivering a wide spectrum of active safety, automated driving and parking systems as well as driver assistance systems. This full-stack solution is based on NVIDIA DRIVE Hyperion™, which features DRIVE Orin™ centralised AV computers; DRIVE AV and DRIVE IX software; safety, security and networking systems; plus, surround sensors. DRIVE Orin is the AI brain…

19 Feb

India signs free trade agreement with UAE

editor0 CommentsIndia, Business, Economy, International

India and the UAE on Friday inked a milestone Comprehensive Economic Partnership Agreement (CEPA) and uncovered a guide for extension of by and large ties at a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheik Mohammed canister Zayed Al Nahyan. In his comments, Modi dove into different features of ties among India and the United Arab Emirates and said both the countries will stand "side by side" against psychological warfare while alluding to the new fear-monger assaults in the Gulf country. On CEPA, Modi noticed that the two sides could close the arrangements on…