Business News Northeast - Latest Business Northeast News & Updates

24 Jun

Facebook to buy 9.99% stake in Jio Platform for ₹43,574 crore.

editor0 CommentsBusiness

The antitrust watchdog is reviewing Facebook’s purchase of a 10 per cent stake in Reliance Industries’ (RIL) digital assets, a deal that would give the US giant another foothold in one of the world’s fastest growing internet markets. The Competition Commission of India (CCI) looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said in an email interview, declining to comment further on the Facebook-Jio transaction pending examination. The regulator is also considering whether new parameters should be included in its assessment criteria. “Currently, some mergers and acquisitions escape the threshold for scrutiny…

24 Jun

BS6 Honda Grazia 125 launched.

editor0 CommentsBusiness

Honda Motorcycles and Scooters India on Wednesday launched the BS6 compliant version two-wheeler Grazia 124. The all-new Grazia 125 dispatches will commence starting this week. Grazia 125 BS6 will be available at a starting price of Rs. 73,336 (for Standard version, ex-showroom).There will be two variants - Standard & Deluxe in four bold colours – Mat Cyber Yellow, Pearl Spartan Red, Pearl Siren Blue and Mat Axis Grey.At the heart of Grazia 125 ticks BS6 compliant Honda's trusted 125cc PGM-FI HET (Honda Eco Technology) engine, boosted by Enhanced Smart Power (eSP). It also comes equipped with a unique multi-function switch…

24 Jun

In Guwahati petrol price stands at Rs. 83.98 and diesel at Rs. 78.56.

editor0 CommentsAssam, Business

GUWAHATI: With fuel prices constantly on the rise for the 18th successive day, a litre of diesel on June 24 is now more expensive than a litre of petrol after the price of the former was hiked by 48 paise.Petrol price however remained unchanged for the first time since June 7 even as diesel prices maintained its upward trend touching new highs. It may be mentioned that the daily price revision of the two fuels had been temporarily halted for 83 days till it was resumed on June 7.Notably, today's diesel rates are very sensitive to global crude prices. This…

23 Jun

How Apple plans to take on WhatsApp with iOS 14.

editor0 CommentsBusiness

Back in 2018, during a regular quarterly earnings call with investors, Facebook CEO Mark Zuckerberg made a rather startling admission. "Our biggest competitor by far is iMessage ," Zuckerberg told investors about Apple's default messaging app as a huge threat. Till yesterday, one might have felt that Apple — while making subtle changes — hadn't really upped the ante on Facebook and its family of apps like Messenger and WhatsApp . However, at WWDC 2020 , Apple with iOS 14 announced how Messages is set to change significantly with new features that are designed to take on other instant messaging…

23 Jun

Patanjali ordered to stop advertising COVID-19 drug.

editor0 CommentsBusiness

Yoga guru Ramdev's herbal medicine company Patanjali Ayurved on Tuesday claimed to have discovered a medicine that could cure coronavirus in just seven days - a claim that the Ayush Ministry scoffed at by seeking stopping of advertisements for the drug. While Ramdev claimed that Ayurved-based 'Coronil and Swasari' medicine have shown 100 per cent favourable results during clinical trials on COVID-19 infected patients except those on a life support system, the Ayush Ministry sought from the company detailed report on composition, testing and other data of the drugs. The ministry also used powers under a 1954 law to ask…

23 Jun

ICICI Prudential Life announces Rs 788 crore bonus

editor0 CommentsBusiness, Health

A bonus totaling Rs 788 crore has been announced by ICICI Prudential Life Insurance for its bouquet of participating products. This is the 14th consecutive year the Company has declared a bonus and delivered long term value to policyholders. The bonus declared for FY2020 is 15% higher than the last fiscal enabling ~9 lakh policyholder to get one step closer to achieving their financial goals. All participating policies in force as of March 31, 2020 are eligible to receive this bonus, which will be added to their guaranteed maturity or death benefit."Policyholders depend on us to ensure the fruition of…

23 Jun

Max Life Insurance scales new heights with its Claims Paid Ratio at an all-time high of 99.22%

editor0 CommentsBusiness

Max Life Insurance Co. Ltd(“Max Life/ “Company), today announced that it has paid 15,342 death claims amounting to Rs. 563 crore in FY 2019-20, thus achieving an all-time high individual death claims paid ratio of 99.22%in the company’s last five year performance, which also becomes Max Life’s new ‘Bharose Ka Number’. The Company has consistently improved its claims paid ratio in the last 5 years to breach the remarkable 99% mark this financial year, thereby reiterating its commitment towards cementing customer trust.Since inception, Max Life has paid individual death claims of Rs. 3,238 crore to family members of its 1,12,946…

23 Jun

Indiabulls Reportedly Breached by CLOP Ransomware

editor0 CommentsBusiness

Indiabulls, a diversified financial services group with more than Rs. 28,580 crore (as on March 31, 2019) in net worth, has been reportedly breached by CLOP Ransomware operators. These operators, as per the report, claim to have stolen data that includes four spreadsheets related to the Indiabulls Pharmaceuticals and Indiabulls Housing Finance Limited subsidiaries, among other files. Till now, CLOP Ransomware operators have uploaded six screenshots of stolen files and asked Indiabulls to contact them in 24 hours. According to a report by Bleeping Computer, the cyberattack on Indiabulls has come from CLOP Ransomware operators that steal unencrypted files and…

22 Jun

Apple’s ARM-Based Chip to First Launch on 13.3-Inch MacBook Pro

editor0 CommentsBusiness

Just hours before the Worldwide Developers Conference (WWDC), noted analyst Ming-Chi Kuo has released an investor note detailing Apple's long-anticipated move from Intel to its own custom-designed ARM processors for its Mac range. Kuo says that the first models to spearhead this transition will be the 13.3-inch MacBook Pro and a completely redesigned iMac. These new models are reported to arrive in the fourth quarter of 2020 or early 2021, however Apple is expected to announce the first ARM processor at WWDC. The WWDC special keynote is set to begin at 10am PDT (10:30pm IST) today. Kuo's latest investor note,…

21 Jun

Government Asks BSNL, MTNL Not To Use Chinese Equipment For Network Upgrade: Report

editor0 CommentsBusinessAirtel, BSNL, Telecom

The effective ban on the use of Chinese network gear could extend to private telcos like Bharti Airtel and Vodafone Idea The government has told two state-run telecoms firms to use locally-made rather than Chinese telecom equipment to upgrade their mobile networks to 4G, a senior government source said on Thursday. New Delhi's move comes amid a backlash against companies from China after the killing this week of 20 Indian soldiers by Chinese forces in a Himalayan border dispute. The instruction is aimed at Chinese telecom gear makers Huawei and ZTE, the source said, after India last year announced an…