Business News Northeast - Latest Business Northeast News & Updates

13 Jun

Mahindra & Mahindra loss at Rs 3255 crore

editor0 CommentsBusiness

Mahindra & Mahindra (M&M) on Friday reported a consolidated net loss of Rs 3,255.02 crore for the quarter ended on March 31, 2020. The company, along with Mahindra Vehicle Manufacturers Ltd, had posted a net profit of Rs 969.25 crore a year ago. “The results were affected due to the lower industry volumes in both the automotive and tractor segments, transition to BS-VI and the abrupt lockdown due to the Covid-19 situation,” M&M said. The company sold 86,351 vehicles in the fourth quarter, down 47 per cent from 1,63,937 units a year ago. For the 2019-20 fiscal, the net profit…

12 Jun

Mukesh Ambani’s Jio May Add Saudi

editor0 CommentsBusiness

12 June, 2020: The Saudi sovereign wealth fund and General Atlantic are among firms exploring investments in billionaire Mukesh Ambani's digital business, as Asia's richest man seeks to expand his operations outside oil and petrochemicals, people with knowledge of the matter said. Saudi Arabia's $320 billion Public Investment Fund is considering buying a minority stake in Reliance Industries Ltd.'s Jio Platforms unit, according to the people, who asked not to be identified as the information is private. General Atlantic, the U.S. investment firm that helped fund Airbnb Inc. and Uber Technologies Inc., is discussing a potential investment of about $850…

12 Jun

SBI Relaunches Facility To Open Account Online

editor0 CommentsBusiness

State Bank of India (SBI) on Friday relaunched its facility to open a savings account in the bank online. Named 'SBI Insta Saving Bank Account', the country's largest lender is offering the facility to its customers to open the account through its app - YONO. In a release, SBI said that the new service will be completely paperless and customers would only need PAN and Aadhaar number. The account holders will also be issued an ATM-cum-debit card upon opening the account. In order to open an account via this process, customers need to download the YONO app, enter their PAN…

12 Jun

Netflix In Talks To Source Indian Content From Reliance Affiliate Viacom18

editor0 CommentsBusiness

June 12, 2020: US video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides. Under the partnership, Network18 affiliates - which include its joint venture with ViacomCBS, Viacom18 - would create shows for Netflix to help the US firm expand offerings in India, where it competes against the video streaming services of Amazon.com Inc and Walt Disney Co. A Netflix spokesman in India denied the company was in…

12 Jun

Home Loans Cheaper From Today

editor0 CommentsBusiness

12 June, 2020: The country's biggest mortgage lender Housing Development Finance Corporation (HDFC) on Friday cut its retail prime lending rate (RPLR) by 20 basis points, or 0.2 per cent. The move is in line with other lenders in the sector, led by State Bank of India (SBI). According to news agency PTI, new rates will now range between 7.65-7.95 per cent. In a filing to the exchanges, HDFC said that the reduction in RPLR, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, will come into effect from 12 June. The filing also said that the move will…

12 Jun

Petrol and diesel price hiked sixth day in a row

editor0 CommentsBusinessCoronavirus, Covid 19, Fuel

Petrol price gets hiked by 57 paise per litre and diesel by 59 paise per litre as oil companies adjusted retail rates - the sixth straight day of increase in rates since oil firms adjusted their rates.Petrol price in Delhi was hiked to Rs 74.57 per litre from Rs 74, while diesel rates were increased to Rs 72.81 a litre from Rs 72.22, according to a price notification of state oil marketing companies.Rates have been increased across the country and vary in each state depending on the local sales tax or value added tax.This is the sixth consecutive daily increase in rates since oil…

12 Jun

BCCI treasurer Arun Dhumal says, ‘the Indian Premier League is not just about entertainment, but also about economics’

editor0 CommentsBusiness, Entertainment, SportsCoronavirus, Covid 19, Cricket, Ms Dhoni, Sports, Virat Kholi

BCCI treasurer Arun Dhumal has said the the Indian Premier League is not just about entertainment, but also about economics as because there are number of lives that depend on it.Dhumal said holding the IPL 2020 will 'lift the mood' of the country during the COVID-19 pandemic. He added that the BCCI would find it difficult to sustain cricketing activities in the country without the tournament.He says , "Some people say that BCCI is just bothered about IPL for the money involved and criticise us, but no one is putting their focus on the economics part of it. It’s not…

11 Jun

Hyundai Motor India Ltd. offers Seven Attractive Finance Schemes in June

editor0 CommentsBusiness

Hyundai Motor India Ltd. (HMIL), the country’s First Smart Mobility Solutions Provider and largest Exporter since Inception, with its continuous commitment towards extending excellent services to its valued customers, has launched nationwide attractive Finance Scheme options in June, along with various financiers (HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank, Yes Bank and NBFCs like Mahindra & Cholamandalam Finance) to attract customers. In order to encourage demand the various finance options are available for different models and separate financiers. Customers who want to pay the lowest EMIs to ease up the repayment of loan amount throughout the loan tenure, can…

11 Jun

Sony WH-CH710N wireless noise cancelling headphones launched in India at Rs 9,990, can last up to 35 hours on single charge.

editor0 CommentsBusiness

Sony on Thursday launched new wireless noise cancelling headphones for Rs 9,990 in India. The Artificial Intelligence Noise Cancellation (AINC) technology in ‘WH-CH710N' headphones constantly analyses environmental ambient sound components, and automatically selects the most effective noise cancelling mode for users' surroundings. Sony WH-CH701N headphones have a driver unit size of 30mm and a frequency response range of 7Hz to 20,000 Hz. The headphones come with a built-in lithium-ion battery which is claimed to deliver up to 35 hours of playback time. The device is also equipped with fast charging support and is said to offer 60 minutes of music…

11 Jun

Petrol, diesel prices hiked by 60 paise/litre each.

editor0 CommentsBusiness

Petrol and diesel prices on Thursday were hiked by 60 paise per litre each — the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision. With today's hike, the cumulative hike in prices nears Rs 3 per litre since Sunday. In five hikes, the petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83. Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT. This is the fifth daily increase in rates in a row…