Business News Northeast - Latest Business Northeast News & Updates

18 Jul

Financial Result of Bandhan Bank

editor0 CommentsBusinessbandhanbank

Financial Results of Bandhan Bank for the Quarter ended June 30, 2020, have been approved by the Board of Directors of Bandhan Bank Limited at a meeting held in Kolkata. Commenting on the bank’s performance, Mr. Chandra Shekhar Ghosh (Managing Director and CEO of Bandhan Bank) said, during the quarter, the bank has started collections post unlocking announced by the government. Overall Bank collections improved to 76% by end of June’20 compared to 29% in April’20. The bank continued to showcase the strengths of its retail deposit franchise with strong growth of 35% during this difficult time, especially CASA growing…

18 Jul

Nissan unveils Ariya to a global audience

editor0 CommentsBusiness, Technologynissan

Nissan introduced the all-new Nissan Ariya. It is an electric crossover SUV that lets customers travel farther while enjoying greater driving excitement, confidence and comfort, and connectivity. The all-new Nissan Ariya is scheduled to go on sale in Japan in mid-2021. It will be priced at around 5 million yen. The Ariya is planned to go on sale in Europe, North America and China by the end of 2021. With a 100% electric powertrain, the Ariya promises powerful acceleration and smooth, quiet operation. Drivers and passengers can relax and enjoy the ride thanks to autonomous driving technology, concierge-level assistance, seamless…

17 Jul

CoronaVirus effect : Microsoft Trims Jobs As It Enters New Fiscal Year.

editor0 CommentsBusiness

Microsoft Corp said it had trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. The Washington-based software giant declined to elaborate on the roles which had been eliminated, their numbers or their locations. The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed, according to the report, which added that jobs were also cut in the Microsoft Azure cloud division. According to a report by Business Insider, the company cut under 1,000 jobs across its business this week. The spokesman said it is common…

17 Jul

Apple iPhone assembler joins wave of tech investment in India

editor0 CommentsBusiness

Apple Inc assembly partner Pegatron Corp is making preparations for its first plant in India, adding to a large influx of foreign tech investments in the country this year.In June, the Indian government set out a $6.6 billion plan to woo the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting up a local subsidiary and joining fellow Taiwanese electronics assemblers Foxconn Technology Group and Wistron Corp, who have already been making some iPhone handsets in southern India. Smartphones are a focal point for Prime Minister Narendra Modi's much-touted Make in India program. Ravi…

17 Jul

Britannia Q1 pre-tax profit Rs 737 cr, revenue rises 26%

editor0 CommentsBusinessBRITANNIA, food

Foods company Britannia reported a stellar quarterly growth on Friday posting a profit before tax of Rs 737 crore for Q1FY20, a rise of 88 per cent when compared to the corresponding period of the previous fiscal. The net profit for the biscuit maker grew 117 per cent to Rs 546 crore on YoY basis. The consolidated revenue of the Bengaluru-headquartered firm witnessed a strong growth of 26 per cent on a YoY basis at Rs 3,384 crore, ahead of expectations. The company’s volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20 per cent.…

17 Jul

Sony updates Extra Bass wireless speaker range

editor0 CommentsBusinessSONY, WIRELESS

With the launch of SRS-XB43, SRS-XB33 and SRS-XB23, Sony India updated its Extra Bass speaker range. The wireless speakers are equipped with enhanced audio quality and are designed to support deep and punchy bass which is perfect for house parties. The SRS-XB43 sports a unique rectangular diaphragm design which ensure deep bass and clear vocals, delivering best sound quality, SRS-XB33 is an all-rounder with tough design and long-lasting battery life and SRS-XB23 are perfect outdoor companion with easy portability and compact design. The SRS-XB43 & SRS-XB33 support 24 hours of music playback to ensure uninterrupted music throughout the day. The…

17 Jul

UTI Equity Fund is suitable for long-term investors

editor0 CommentsBusinessUTI

UTI Mutual Fund is suitable for any long term investor. UTI Equity Fund is an open ended equity scheme investing across large cap, mid cap, small cap stocks, having a corpus of over Rs. 9,500 crores and having over 12 lakh investors (as on June 30, 2020). The scheme’s top ten holding consists of Bajaj Finance Ltd., HDFC Bank Ltd., Kotak Mahindra Bank Ltd., HDFC Ltd., L&T Infotech Ltd., Tata Consultancy Services Ltd., Infosys Ltd., Info-Edge (India) Ltd., Shree Cement Ltd. and Astral Poly Technik which accounts for around 42% of the portfolio’s corpus as of June 30, 2020. UTI…

16 Jul

Bandhan Bank grows stronger – now has 2.03 crore customers

editor0 CommentsBusinessbandhanbank

Bandhan Bank today announced the results of the first quarter of financial year 2020 - 21. The Bank’s total business grew 24.99% year-on-year to reach Rs.1,34,941 crores. The Bank started operations in FY15-16 and will complete five years of operations in August this year. In just 5 years, the Bank has 4,559 banking outlets through which it serves 2.03 crore customers. The total number of employees working at Bandhan Bank stands at 41563. The Bank’s deposit book grew 35.30% over the corresponding quarter of the previous year. The total deposits now stand at Rs.60,610 crore. The current account + savings…

16 Jul

Amway India hosts a webinar with FICCI

editor0 CommentsBusinessficcci

Amway India, one of the country’s leading FMCG direct selling companies, partnered with FICCI to host a webinar on Entrepreneurship Opportunities in the North-East post-COVID-19 era. The webinar was attended by Ashish Phookan, Chairman, FICCI Assam State Council, Kekhrievor Kevichusa, Commissioner & Secretary to the Government of Nagaland and Ronn Pakrashi, Chairman- sub-committee of agro-food processing, FICCI Assam state council amongst others. The special digital event focused on the emerging opportunities created by various industries in the region with the rise of the gig economy in the current scenario. Rajat Banerji, Mentor, FICCI Direct Selling Task Force and Vice-President -…

16 Jul

RLG India’s Clean to Green Campaign Commences E-waste Collection Program in Five New Cities This Year

editor0 CommentsBusinessIndia, RLG

Under the aegis of Ministry of Electronics and Information Technology (MeitY) and in line with the Digital India movement, RLG India drives the Clean to Green campaign to encourage safe and responsible disposal of electronic waste (e-waste). Through the campaign, RLG India reinforces its commitment towards building a sustainable and greener environment and preventing the poisoning of our ecosystem due to the flow of e-waste into landfills. Ms. Radhika Kalia, MD, RLG India, who drives the Clean to Green campaign, said, “Under this program, we acquire discarded and unwanted electronic products and recycle them to protect the environment. The e-waste…