Business News Northeast - Latest Business Northeast News & Updates

05 Jun

Don’t initiate any new schemes: FinMin to ministries.

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India stands seventh among the nations worst hit by the COVID-19 pandemic after the U.S., Brazil, Russia, the UK, Spain and Italy. Extra focus on hygeine, mandatory thermal screening, compulsory face masks — these are some of the instructions the Union Health Ministry has issued as a part of reopening India's economy, even as coronavirus infections continue to spike in the country. "No new proposals for a scheme/sub-scheme should be initiated this year (2020-21) except the proposals announced under the Pradhan Mantri Garib Kalyan Package, the Aatmanirbhar Bharat Abhiyan package and any other special package/announcement," it said. With regard to…

04 Jun

Swiggy’s alcohol delivery service in WB.

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Days after first launching its service in Jharkhand and Odisha, Swiggy has started online processing and home delivery of alcohol through the ‘Wine Shops’ category in West Bengal. Swiggy is partnering with authorised retailers across major cities after validating their license and other required documents as outlined by the state government. Retail partners will be equipped with a dedicated partner app that enables all aspects related to online processing of orders. Swiggy has implemented multiple safety measures to ensure safe home delivery of alcohol orders. The service went live in Kolkata and Siliguri today after obtaining necessary approvals from the…

04 Jun

Amazon’s initiative to reduce packaging waste.

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By expanding its Packaging-Free Shipping (PFS) to over a 100 cities in the country,Amazon India has achieved an integral milestone towards minimizing packaging waste across its supply chain. PFS is a sustainable packaging solution in which customer orders are shipped in their original packaging without any additional packaging, or significantly reduced packaging. With this expansion of PFS, more than 40% of Amazon customer orders shipped from Amazon India’s Fulfilment centers are now packaging-free or have significantly reduced packaging. Products that are shipped packaging-free include tech accessories, home and home improvement products, shoes, luggage, and more. Liquids, fragile items, and personal…

03 Jun

ASUS launches TUF gaming laptops.

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Underlining its vision to deliver the ultimate gaming experience, tech giant ASUS has launched an all-new range of TUF gaming laptops and ROG desktops for Indian users. Commenting on the launch, Arnold Su, Business Head, Consumer & Gaming PC, System Business Group, Asus India said, “We are excited to enhance our partnership with AMD and take it a notch higher with such groundbreaking products from the TUF and ROG segment. These strategic partnerships will bring more people to experience PC gaming and advance the industry.” The price range of the new laptops and desktops is between Rs 60,990 to Rs…

02 Jun

ICICI Bank commits Rs. 4-cr as Amphan relief.

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ICICI Bank announced that it has committed Rs. 4-crore to aid the WestBengal government in its efforts to provide relief and assistance in the areas affected by cyclone Amphan. Of this, the Bank has contributed Rs 3-crore to the West Bengal State Disaster Management Authority. Further, the Bank has committed to distribute essential food supplies worth Rs. 1-crore in the cyclone affected districts - North 24 Parganas, South 24 Parganas, Purba Medinipur, Howrah and Hooghly. Chief Secretary of West Bengal, Shri Rajiva Sinha accepted the cheque at Nabanna from senior officials of ICICI Bank in the presence of Shri H.K.…

02 Jun

Datsun launches new redi-GO in India.

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Today, Datsun launched its new redi-GO in India. The new redi-GO is equipped with a host of best-in-class features such as an 8” touchscreen advanced infotainment system with voice recognition, compatible with Android Auto and Apple CarPlay. The hatchback’s new first-in-class features include L-shape DRLs, sleek headlamps with silver decoration, LED fog lamps, 14” wheels with Pentablade Dual Tone Wheel cover, LED signature tail-lamps, and Door trim with fabric. The car is equipped with safety features including a strong crash-resistant body structure, Rear Seat belt with Retractive function, dual airbags and a rearview camera with Projection guide.The new redi-GO retails…

01 Jun

COVID-19: AirAsia offers 50,000 free seats for doctors.

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Acknowledging the contributionmade by doctors in handling the COVID-19 pandemic, AirAsia India launched a specialinitiative - 'AirAsia RedPass'. Under this initiative, AirAsia India will give away 50,000 free seats on flights across its domestic sectors to doctors as a gesture of gratitude for their commendable efforts in support of the nation. Doctors can submit their contact details and desired sector and date of travel (between 1 July to 30 September) with their registration number or ID as proof on https://air.asia/GCs2R. Applications are open till 12 June. Doctors would also be given special privileges like priority boarding at the airport. The…

01 Jun

Electricity generation in India falls at a slower pace.

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Electricity generation in India fell at a slower pace in May compared to the previous month, as higher temperatures lead to greater demand for residential power and the government eased some lockdown restrictions to control the spread of the coronavirus.Overall electricity generation fell 14.3 per cent in May, an analysis of provisional government data by news agency Reuters showed, compared with a decline of 24 per cent in April.Despite higher consumption by residential consumers, power use was lower as many industries and commercial establishments - which account for over half of the country's annual consumption - were shut or not…

01 Jun

India’s unemployment rate in May rose to 23.48 per cent.

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India's unemployment rate in May rose to 23.48 per cent, marginally lower from 23.52 per cent in April, according to data released by the Centre for Monitoring Indian Economy (CMIE) on Monday, reflecting the impact of coronavirus pandemic.The country has reported 190,535 coronavirus cases, with 5,394 deaths.The country's infrastructure output, contributing nearly 40 per cent in industrial production, contracted 38.1 per cent in April from a year earlier, the worst performance in years, government data showed on Friday.

01 Jun

Domestic stock markets soared more than 3 per cent on Monday.

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Domestic stock markets soared more than 3 per cent on Monday as the country geared up to further open its economy after a months-long lockdown to curb the spread of the coronavirus pandemic. The S&P BSE Sensex surged to as high as 33,673.83, up 1,249.73 points from its previous close, having started the session at 32,906.05. The broader NSE Nifty 50 benchmark climbed to as high as 9,931.60, after opening stronger at 9,726.85 compared to its previous close of 9,580.30. Gains across sectors pushed the markets higher, led by banking, financial services, automobile and metal shares.