Business News Northeast - Latest Business Northeast News & Updates

05 May

Lindberg triumph highlights Turkish Airlines Open’s global brand push

Business BureauBusiness

Sweden’s Mikael Lindberg clinched the 2026 Turkish Airlines Open title with a total score of 278 (-10) at the National Golf Club in Belek, Antalya, underlining the tournament’s growing global stature. Italy’s Guido Migliozzi and Daniel Rodrigues finished as runners-up. The trophy was presented by Türkiye’s Minister of Youth and Sports Dr. Osman Aşkın Bak and Turkish Airlines Chief Commercial Officer Harun Baştürk. The event drew key stakeholders including Mevlüt Çavuşoğlu, Antalya Governor Hulusi Şahin, Turkish Golf Federation President Yıldırım Demirören, Regnum Hotels owner Fikret Öztürk and DP World Tour’s Mark Casey, reflecting strong institutional backing. Officials emphasised the tournament’s…

05 May

Kotak Mahindra Bank posts strong Q4 numbers as profit jumps 13%, asset quality improves

Business BureauBusiness

Kotak Mahindra Bank has reported a robust financial performance for the fourth quarter of FY26, with standalone profit after tax (PAT) rising 13 per cent year-on-year to ₹4,027 crore, driven by steady loan growth, higher deposits and improved asset quality. The bank’s net interest income (NII) grew 8 per cent to ₹7,876 crore in Q4FY26, while operating profit increased 7 per cent to ₹5,855 crore. Fee and services income also rose 6 per cent year-on-year to ₹2,767 crore during the quarter. For the full financial year FY26, standalone PAT stood at ₹14,008 crore. Kotak Mahindra Bank reported a sharp decline…

05 May

Tata Motors clocks 28% jump in CV sales in April on strong cargo, truck demand

Business BureauBusiness

Tata Motors Limited reported a 28 per cent year-on-year growth in commercial vehicle sales in April 2026, with total domestic and international sales rising to 34,833 units from 27,221 units in April 2025, reflecting strong demand across cargo, truck and passenger carrier segments. The company said domestic sales grew 27.9 per cent to 32,965 units during the month, while international business sales increased 28.2 per cent to 1,868 units. Sales of heavy commercial vehicle (HCV) trucks rose 23.4 per cent to 8,969 units, while ILMCV truck sales climbed 16.5 per cent to 5,454 units. Passenger carrier sales stood at 5,743…

04 May

Changlang attack scare: Suspected IED blast, gunfire reported; probe launched

Business BureauBusiness

A suspected IED blast followed by alleged gunfire targeting Nuravi Group Director Ravi Ranjan Choubey was reported from Changlang district of Arunachal Pradesh. The incident is believed to have taken place on the night of April 23 along the Jinny Road stretch between Kharsang and Jairampur. Preliminary inputs suggest an explosion was heard in the area, followed by gunshots, though officials are yet to confirm the exact sequence of events. The situation has raised security concerns in the region. Investigating teams have recovered empty cartridges from the site, which are being treated as key evidence. Authorities say forensic examination will…

04 May

Samim Akhtara Ali Brings Honour to Dibrugarh at Times Business Awards – North East

Business BureauBusiness

Samim Akhtara Ali, a resident of Dibrugarh, was honoured with the prestigious “Excellence in Social Impact Leadership” award at the Times Business Awards – North East 2026, held on April 30 at Hotel Vivanta, Guwahati. This recognition was conferred in appreciation of her long-standing contributions to social service, women’s empowerment, and her unwavering support for underprivileged communities across Northeast India. Through her humanitarian initiatives, she has consistently stood beside the poor, visually impaired individuals, and flood-affected families, creating a meaningful and positive impact on society. Samim Akhtara Ali is the second daughter of late Rahmat Ali, a senior journalist from…

04 May

Kolkata turns to Mangoes, Dahi and Ice Cream as Instamart maps summer buying trends

Business BureauBusiness

Kolkata is balancing hydration and indulgence this summer, with shoppers filling their online carts with mangoes, coconut water, yogurt and ice cream, according to the latest Summer Trends 2026 report released by Instamart. The report, released on April 29, showed Kolkata emerging as a strong summer consumption market, with the city’s highest-value summer basket crossing ₹10,600. The top orders included coconut water, mangoes, yogurt and ice cream, reflecting growing demand for cooling foods and beverages amid rising temperatures. Across India, the report highlighted sharp changes in summer shopping behaviour on quick commerce platforms. Products linked to hydration and cooling, including…

04 May

Dairy Major Milky Mist Ready for IPO Launch Following Strategic Primary and Secondary Share Sale

nanikaBusiness

The Indian dairy sector is witnessing a massive infusion of global capital. Milky Mist Dairy Food Ltd, a powerhouse in the value-added dairy segment, has successfully raised nearly ₹482 crore in a pre-IPO funding round. Backed by Singapore’s sovereign wealth fund Temasek, this move marks a significant milestone as the company prepares for its much-anticipated stock market debut. Milky Mist Dairy Food Ltd has officially announced the successful closure of its pre-IPO funding round, anchored by Jongsong Investments Pte. Ltd., a subsidiary of the global investment giant Temasek Holdings. The total fundraise of approximately ₹482 crore is a strategic blend…

04 May

AM/NS India inaugurates advanced automotive steel line at Hazira plant

Business BureauBusiness

ArcelorMittal Nippon Steel India (AM/NS India) has inaugurated its advanced Pickling Line and Tandem Cold Mill (PLTCM) at the company’s flagship Hazira plant in Gujarat, marking a major push towards India’s self-reliance in high-end automotive steel production. The state-of-the-art facility was inaugurated by Keiichi Ono, Ambassador of Japan to India. With a production capacity of 2 million tonnes per annum, the new line will manufacture high-quality cold-rolled base steel for advanced automotive applications, including Advanced High Strength Steel (AHSS), Galvannealed (GA), Galvanised (GI), and Press Hardened Steel (PHS). AM/NS India said the facility would help reduce import dependence and support…

02 May

Tata Motors hits record with 144 patent filings in FY26, boosts future mobility innovation

Business BureauBusiness

Tata Motors Ltd. has achieved a major innovation milestone in FY26 after filing a record 144 patent applications, the highest annual patent filings by the company’s commercial vehicle business in a single financial year. The Mumbai-headquartered automaker said the filings underline its growing focus on advanced mobility solutions, vehicle safety, reliability, and cost-efficient transportation technologies. The company said the patent applications are aligned with its long-term strategy to develop future-ready commercial mobility solutions, including electric vehicles and hydrogen-powered internal combustion engine technologies. During FY26, Tata Motors also filed 21 design applications and 35 copyright applications, while securing 15 patent grants.…

02 May

ArcelorMittal Nippon Steel India Appoints Nobuo Okochi as Chief Financial Officer

Business BureauBusiness

ArcelorMittal Nippon Steel India (AM/NS India) today announced the appointment of Nobuo Okochi as Chief Financial Officer (CFO) of the company, with effect from July 1, 2026. This appointment follows the recent announcement of Amit Harlalka, the current CFO, being elevated as Chief Executive Officer (CEO) of ArcelorMittal Nippon Steel India, effective July 1, 2026. Together, these leadership transitions reinforce continuity and stability in the company’s senior management team as ArcelorMittal Nippon Steel India accelerates its growth journey. As the CFO, Mr Okochi will be responsible for overseeing ArcelorMittal Nippon Steel India’s finance, strategy, financial planning, capital allocation, and governance…