Business News Northeast - Latest Business Northeast News & Updates

10 Aug

Adani Group likely to take over Guwahati airport in October

editor0 CommentsBusiness, India, North Eastadanigroup

The Adani Group on Monday began its “Observation Period” at the Lokpriya Gopinath Bordoloi International (LGBI) airport in Guwahati as part of its mandate to develop and modernise northeast India’s main airport, officials said. An Airport Authority of India (AAI) official said that a nine-member team of the Adani Airport Holding Ltd (AAHL) led by Chief Airport Officer Utpal Baruah, an aviation industry expert who also hails from Assam, on Monday formally started its “Observation Period” and is likely to take over charge in October. An AAI official on condition of anonymity said that as per the agreement with the…

09 Aug

Rupee snaps 5-day winning streak, drops 11 paise against US dollar

editor0 CommentsBusiness, Indiaeconomy, India

Halting its five-session winning run, the rupee on Monday declined by 11 paise to close at 74.26 (provisional) against the US dollar, tracking the firm American currency. At the interbank foreign exchange market, the domestic currency opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close. On Friday, the rupee had settled at 74.15 against the US dollar. During the session, the local unit touched an intra-day high of 74.21 and a low of 74.29 against the US currency. The dollar index, which gauges the greenback’s…

09 Aug

Lionel Messi breaks down while announcing Barcelona exit leaving football fans in tears

editor0 CommentsBusinessbusines

Lionel Messi's incredible 17-season career at Barcelona appears to have come to an end and this marks as one of the most heartbreaking moments for football fans. On Monday, during a press conference Messi began crying even before he started speaking at his farewell ceremony at the Camp Nou Stadium. "This is very hard for me after so many years, after being here my entire life, I wasn't prepared," he said. Barcelona fans and football fans around the world took to social media to express their sadness. Many even called it the end of an era. "Don't cry because it's…

07 Aug

Nissan India adds 18 new workshops

editor0 CommentsBusinessDatsun, Nissan India

Nissan India has introduced free monsoon check-up camps for its customers across Nissan and Datsun authorized dealerships in India till 31 August. The camp is conducted by trained personnel who ensure the usage of genuine spare parts. The camp offers a 30-points check-up which includes exterior, interior, underbody, road-test and free top wash for the vehicles to ensure optimum performance of the vehicle during the Monsoon season. Customers may also avail up to 20% discount on labour. Nissan has added 18 new service workshops in 18 new locations all-across the country towards customers’ service requirements. To strengthen the customer assurance,…

07 Aug

Blenders Pride unveils The Showcase

editor0 CommentsBusinessBlenders Pride, FDCI

The second edition of The Showcase has been unveiled by Blenders Pride Fashion Tour in collaboration with Fashion Design Council of India (FDCI), with the objective of nurturing talent and opening up a world of avenues. The Showcase has been conceived to become one of India's leading platforms to discover talent across four categories - fashion designers, shutterbugs, models and content creators. The Showcase will catapult the journey of the aspirants, giving them a platform to exhibit their creative expression with Pride. Redefining their career path, the winning talent stands a chance to showcase their work in the next edition…

07 Aug

No change in fuel prices in almost 3 weeks

editor0 CommentsBusiness, IndiaFuel

Oil marketing companies (OMC) continue to pause fuel price revision for the 20th consecutive day on Friday as a wait and watch policy continues amid fluctuating global crude prices. Global crude prices have swung in all directions in July starting with a low of $70 a barrel to quickly breaching to $77 a barrel, and then fall below $70 a barrel to crossing $75 a barrel later in the month. The oil prices have softened again to just over $70 a barrel on concerns of growing Covid cases, slowing industrial recovery globally and rising US oil inventory. With no price…

07 Aug

PNB MD & CEO CH SS Mallikarjuna Rao’s view on RBI’s Monetary Policy

editor0 CommentsBusiness, IndiaIndia, RBI

The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19. The decision of keeping the repo rate unchanged along with maintenance of accommodative stance is on expected lines as low interest rates are critical to economic revival. Additional liquidity measures through extension of deadline of On tap TLTRO scheme till December 31, 2020 will have positive implications for stressed sectors like retail, MSME and real estate. Amendment of guidelines related to export credit in foreign currency and restructuring of Derivative contracts is a much needed move…

06 Aug

Honda Amaze can be booked through ‘Honda from Home’

editor0 CommentsBusinessHonda Amaze, Honda Cars India Limited

Honda Cars India Limited (HCIL) is ready to launch the new Honda Amaze. The new Amaze will come with a stylish new look, striking exteriors changes and enhanced interiors. The company commenced the pre-bookings of the new car at all authorized Honda dealerships across the country with a booking amount of Rs 21,000. Additionally, the customers can also book the car online from the comfort of their homes through ‘Honda from Home’ platform on HCIL website with an amount of Rs 5,000. Honda Amaze will be launched on 18 August. Currently in its 2nd Generation, Honda Amaze is Honda’s largest…

06 Aug

ICICI Pru Life to partner with NPCI

editor0 CommentsBusinessICICI Prudential Life Insurance, NPCI, UPI AUTOPAY

Aiming to provide Unified Payments Interface (UPI) AUTOPAY facility to its customers, ICICI Prudential Life Insurance has tied up with the National Payments Corporation of India (NPCI). Customers can enable the UPI AUTOPAY feature on their favoured UPI apps such as Paytm, BHIM etc. This would enable customers to buy insurance policies and make premium payments from the safety and comfort of their homes. ICICI Prudential Life has become the first life insurance company to provide its customers with the UPI AUTOPAY facility as part of its efforts to simplify processes and thereby provide convenience to customers. At the time…

05 Aug

Sensex gives up gains after touching new high

editor0 CommentsBusiness, IndiaINDIANECONOMY, sensex

The key Indian equity indices gave up gains on Thursday after touching record highs during the initial trade. The BSE Sensex touched a new high of 54,576.64, and the Nifty50 on the National Stock Exchange hit a record 16,294.65 points. Around 10.25 a.m, Sensex was trading at 54,284.73, lower by 85.04, or 0.16 per cent from its previous close of 54,369.77. It opened at 54,576.64 and has so far touched an intra-day low of 54,243.97 points. The Nifty50 on the National Stock Exchange was trading at 16,231.20, lower by 27.60 points or 0.17 per cent from its previous close. Analysts…