Business News Northeast - Latest Business Northeast News & Updates

23 Mar

Centre To Announce Bailout Package To Soften COVID-19 Blow

editor0 CommentsBusiness, Sikkim

The government is expected to announce economic package shortly amid high expectation of bailout by sectors hugely affected by coronavirus, sources told. Four days ago, during his address to the nation, Prime Minister Narendra Modi had announced the formation of a special task force headed by finance minister Nirmala Sitharaman. The COVID-19 Economic Response Task Force, he said, would take an overview of the situation and suggest the way ahead.Ms Sitharaman has already declared that the donations made towards fighting COVID-19 would be counted as "Corporate Social Responsibility".

Popular Video App MV Master Sees Massive User Growth in India

21 Mar

Community Bank, Bangladesh Goes Live on Infosys Finacle Banking Platform in 48 Days

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Community Bank, among the newest scheduled banks in Bangladesh, and Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), today announced the successful implementation of the Finacle Core Banking Solution at the bank, in just 48 days. With the new banking platform, Community Bank is well placed to provide a truly digital banking experience to its retail and corporate customers. Among multiple benefits, the modern platform enables the bank to launch new products within a fraction of time, offer a differentiated customer experience and empower the bank to grow rapidly. Highlights: The bank is now enabled for massive…

07 Mar

The Mining industry has the potential to contribute 6-7% to National GDP

editor0 CommentsBusiness

The Mining industry has the potential to contribute 6-7% to National GDP but due to various reasons, the contribution has remained limited to two percent. The recent amendment in the MMDR Act has brought in reforms and transparency in the mining industry in India. However, for a sustained high growth trajectory, acceleration in the approval processes, creation of conducive fiscal regime, enabling policy framework for promoting exploration and providing proper focus on the mining technology aspects are needed. While there has been private sector participation in mining, the government through its various public-sector companies continues to be the largest participant…

04 Mar

Tata Motors completes delivery of India’s first LNG bus order

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Committed to providing sustainable transport solutions, Tata Motors, India’s largest commercial vehicle manufacturer,completes delivery ofthe country’s first Liquefied Natural Gas (LNG)-powered bus order. Two units of 36-seater Starbus LNG ACmodels were delivered to LNG Petronet Limited in Dahej, Gujarat and two units in Kochi, Kerala. Tata Motors indigenously developed and delivered the LNG buses in the stipulated timeframe. The conclusion of the order and country’s first LNG bus project was celebrated withan event held recentlyat the Kochi LNG terminal. The occasion was graced by Hon’ble Minister of Transport, Govt. of Kerala, Shri A K Saseendranalong with eminent dignitaries from Tata Motors and Petronet…

29 Feb

Mukesh Ambani Named World’s Ninth Richest, With 2 Others

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Reliance Industries Ltd (RIL) chief Mukesh Ambani is the ninth richest person in the world along with Steve Ballmer of Microsoft and Larry Page of Google, each having a net worth of $67 billion, according to the Hurun Global Rich List 2020.Mr Ambani, 62, maintained a place in the top 10 for the second time after a $13 billion or 24 per cent surge in his wealth to $67 billion."The only Asian in the Top 10, Mr Ambani's wealth increased mainly on the back of a good performance in his telecom business," the Hurun Rich List said.

29 Feb

Nirmala Sitharaman Sees 4.7% GDP Growth As ‘Steadiness’ In Economy

editor0 CommentsBusiness

Finance Minister Nirmala Sitharaman on Friday termed the 4.7 per cent GDP growth of Q3 as "steadiness" in the economy and a good sign, soon after the official figures for the December quarter were released.She also made it clear that she was not expecting a jump in the number, nor a decline.The Finance Minister was speaking at an award function of a private TV channel.

27 Feb

Australian Resources Delegation explores opportunities in Eastern India

editor0 CommentsBusiness

A 16 member Australian Resources delegation is currently in Kolkata as a part of Australia-India Business Exchange 2020 (AIB-X). The delegation is exploring collaboration opportunities with the Indian mining industry in Eastern India. Panel Discussion on India’s Mining Industry Coinciding with the visit of the Australian Resources delegation, a panel discussion titled “India’s mining industry – Targets, Reforms and Roadmaps” was organised in Kolkata today by the Australian Trade and Investment Commission (Austrade), Australian Government. The panel included business leaders from Indian industry associations, steel majors and other infrastructure experts, discussed the current scenario of the mining industry, national production…

26 Feb

With new line-up of inverter, On-Off split, Wind-Free and a larger line-up of copper condenser ACs, Samsung is targeting 2X growth

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Samsung, India’s largest and most trusted consumer electronics and smartphones brand, today launched its new 2020 air conditioners line-up in West Bengal, introducing models across segments and at very competitive price points, thereby becoming a full range player in the AC category. With this new line-up Samsung is aiming to double its AC business in West Bengal. The new line-up of 41 models, aesthetically designed and priced to suit every home, comes with attractive floral patterns and premium strip design. Samsung has also expanded its copper condenser range to 32 models to match customer demand across the country, in each…

25 Feb

Facebook Invests In Indian Education Startup Unacademy

editor0 CommentsBusiness, Tech Byte

Social media giant Facebook on Wednesday joined General Atlantic, Sequoia India and others for a fresh $110 million round of funding into one of India's fastest growing education technology start-up Unacademy.This is the second investment by the social networking giant in India. Last year, Facebook made its first minority investment in a local startup called Meesho, a social-commerce venture empowering first-time entrepreneurs, especially women in small towns."We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us. Our goal is to democratise…