Business News Northeast - Latest Business Northeast News & Updates

06 Feb

Bharti Airtel Inches Higher Despite Loss In Third Quarter

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Bharti Airtel is trading marginally in the green, albeit off the highs of the day, after reporting third straight quarterly loss after market hours on Tuesday. India's third largest telecom firm posted a loss of Rs 1,035 crore for the three months ended December 31 compared with a profit of Rs 86.2 crore a year earlier. The loss, however, narrowed from a whopping Rs 23,044 crore in the September quarter.At 11:30 a.m, the shares of Bharti Airtel were trading higher by Rs 2 or 0.3 per cent at Rs 521 on the BSE amid the Sensex's gains of 0.3 per…

04 Feb

Paytm launches All-in-One Android POS for small businesses and merchant partners

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India's largest payments platform Paytm (owned by One97 Communications Limited) today announced the launch of All-in-One Android POS device for merchant partners across the country. This device helps merchants to accept payments through Paytm Wallet, all UPI based apps, Debit & Credit Cards and most importantly - Cash. Besides accepting payments, merchants will also be able to generate GST compliant bills and manage all transactions and settlements through their 'Paytm for Business' app at one go. Paytm All-in-One Android POS is a fully-loaded payment acceptance device with many industry-first features & services. The android based device comes with a full-size display…

03 Feb

EVs should become cheaper than traditional vehicles within three years

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NITI Aayog CEO Mr Amitabh Kant today said that electric vehicles should become much cheaper than combustion vehicles in three years. Mr Kant further said that the price of battery packs of EVs is expected to fall to $76 per kilowatt hour (or unit) in three years, down from the present day $156/unit. At that point, he said, even the upfront cost of electrical vehicles will become cheaper than combustion vehicles, with the total cost of ownership already competitive. Mr Kant was speaking at the Mobility Talk Corporate Conclave at the World Sustainable Development Summit 2020, TERI’s annual flagship event…

30 Jan

Common Facility Center to enhance the productivity of small gem and Jewellery units

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Ground-breaking ceremony of Common Facility Centre (CFC) at Bow Bazar in Kolkata was held today in the presence of Smt. Rupa Dutta (Economic Advisor, Ministry of Commerce & Industry, Government of India), Shri Senthil Nathan (Deputy Secretary, Ministry of Commerce & Industry, Government of India), Shri Pramod Agrawal, Chairman, GJEPC; Shri Prakash Pincha, Regional Chairman, Kolkata, GJEPC, along with others. GJEPC is setting up a Common Facility Center at Bow Bazar with a view to enhance the productivity and quality of products, especially the small gem and Jewellery units set in Bow Bazar and its surrounding areas. GJEPC with the support of the Ministry of Commerce and…

30 Jan

OYO’s Corporate Channel etches strong growth trajectory; Records 80% y-o-y increase in revenue

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OYO Hotels & Homes, the world’s leading chain of hotels, homes, and spaces has witnessed a strong growth trajectory in its corporate bookings. The company’s corporate channel witnessed an 80% increase in revenue on a y-o-y basis. Today, OYO’s corporate channel contributes to over 30% of the hospitality company’s total revenues and it counts Utkarsh Small Finance, Think & Learn (P) Ltd. (BYJU’S) and Extramarks Education among its 8,400+ clients. This remarkable growth further reiterates OYO’s commitment to scaling up its engagement in the corporate travel segment. With over 8400 active corporate accounts, OYO caters to the travel needs of…

28 Jan

Nissan to launch an all-New, Technology-rich and Stylish SUV in 2020

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Nissan will launch its first made for India Compact SUV on the philosophy of “Make in India, Make for the World”. Building on Nissan’s global SUV heritage and advanced technology, the New Compact SUV is designed for tomorrow’s journey as a feature-rich premium offering with stylish design for a strong and dynamic road presence. Nissan’s new SUV features the latest technology as a part of Nissan Intelligent Mobility, the company’s vision as to how vehicles are powered, driven and integrated into society. The Compact SUV is a testimony to Nissan’s Global SUV DNA spirit of relentless innovation and Japanese engineering, building on Nissan’s iconic…

27 Jan

Ladybird brand of hygiene products sets sights on overseas markets

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Kolkata-based L B HYGIENE CARE Pvt Ltd has launched a slew of Ladybird brand of personal hygiene and healthcare products in the market and is set to expand its product basket. L B HYGIENE CARE was incorporated in 2019 as manufacturing unit for import, packaging and distribution of different types of personal hygiene and healthcare products. In the past one year, the company has gradually introduced in the market - sanitary napkins, baby diapers, adult diapers and under pads to make a foray into the hygiene and healthcare market segment under the Ladybird brand. “L B HYGIENE CARE Private Limited…

26 Jan

Western Union and Airtel Payments Bank Real-Time International Remittances to India

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Western Union, a leader in cross-border, cross-currency money movement and payments, and Airtel Payments Bank, a subsidiary of India’s largest integrated telco - Bharti Airtel, today announced a collaboration enabling millions of Airtel Payments Bank customers in India to receive international remittances in their bank accounts. Airtel Payments Bank customers can soon direct Western Union money transfers into their bank accounts through the banking section of the Airtel Thanks App in real-time1. These transfers will be available for withdrawal at any of the over 500,000 banking points of Airtel Payments Bank. Western Union’s collaboration with Airtel Payments Bank offers another channel for swift transfer of cross-border remittances into India, the world’s…

23 Jan

Strides Consumer forays into eastern Indianwith two uniquely formulated products

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Strides Consumer Private Limited (SCPL), a Bangalore –based consumer healthcare company, today marked its foot print into the eastern markets of India, after successful expansion in southern regions. With its entry, SCPL has launched two distinct products – NIXIT, an oral Nicotine Replacement Therapy (NRT)and JOINTFLEX, a topical analgesic cream for joint care. SCPL aims to offer the Indian consumers high quality and differentiated products inspired from the best of global products with Indian customization. Headed by industry veteran Mr. Subodh Marwah, SCPL has two marquee investors - India Life Sciences Fund with ~74% holdings and Strides Pharma Science Ltd (a listed…

22 Jan

Airbus will showcase its best-in-class military products and cutting-edge defence technologies

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Airbus will showcase its best-in-class military products and cutting-edge defence technologies at the DefExpo airshow between February 5and 8, 2020, in Lucknow, Uttar Pradesh, India. Airbus’ exhibits at the show will demonstrate its capabilities and commitmentto kick-start a defence industrial base in the country. Airbus will exhibit at Stand S46, Hall 07. Visitors to the stand will find scale models of the highly versatile C295 aircraft which is proven around the world as a tough, reliable and high-performance workhorse with outstanding lifecycle costs and excellent performance on short or unpaved runways. Airbus has bid to manufacture the C295 in India together…