Business News Northeast - Latest Business Northeast News & Updates

26 Jul

NEXSTGO Company Ltd Annouced Annual Partners Meet

editor0 CommentsBusinessDurgapur, NEXSTGO Company Ltd

Nexstgo Company Limited announced annual partners meet in West Bengal. The annual meet was to strengthen the bond with partners, as this is specially organized to motivate and encourage them to carry forward the brand’s legacy. The meet commenced at Fortune Park Pushpanjali , Durgapur. The meet was been organized following all the covid protocols and main aim was to strategize for future opportunities for both VAIO and AVITA laptops in West Bengal as this will help the brand increase its popularity with the discerning audience. This meet will help build VAIO and AVITA one of the biggest brands in…

26 Jul

By 2025, Covid will have cost world between $16 tn and $35 tn

editor0 CommentsBusiness, Covid19, India, WorldCovid 19, Lockdown

By 2025, Covid-19 will have cost the world between $16 trillion and $35 trillion, as per McKinsey. The world is unlikely to ever reach global herd immunity, but it can contain the virus with a combination of vaccines, improved testing, and smarter quarantining, based on known outbreaks, rather than large, blunt lockdowns, McKinsey said in a report. Obstacles to worldwide vaccination remain huge: while 49.6 per cent of inhabitants of high-income countries had received at least one dose of the vaccine as of July 14, only 1 per cent of those in low-income countries had. In the next two decades,…

26 Jul

No plan to print currency notes to tide over crisis: FM

editor0 CommentsBusiness, Indiafinance minister, Nirmala Sitharaman

The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the Finance Minister said, “No Sir”. Many economists and experts have suggested the government to resort to printing more currency notes to support the economy ravaged by the spread of COVID-19, and protect jobs. India’s real Gross Domestic Product (GDP) is estimated to have contracted by 7.3 per cent during 2020-21, Sitharaman…

26 Jul

Rs 1,060 cr spend on Chennai-Bengaluru Industrial Corridor project

editor0 CommentsBusiness, IndiaBengaluru 'most liveable city', chennai

A total of Rs1,060.02 crore has been spent during the last three fiscal years for the Chennai-Bengaluru Industrial Corridor project, the government told the Rajya Sabha. Answering a question raised by MDMK General Secretary Vaiko, the Minister of State for Commerce and Industry Som Parkash said the Cabinet Committee on Economic Affairs (CCEA) on 30th December, 2020, approved the project cost of Krishnapatnam node (Andhra Pradesh) and Tumakuru node (Karnataka) as Rs 2,139.44 crore and Rs 1,701.81 crore respectively. The timelines for the construction of trunk infrastructure in these two nodes is 36-48 months, the government said.

26 Jul

No revision in petrol, diesel prices

editor0 CommentsBusiness, IndiaBusiness, Fuel

Oil marketing companies (OMC) continued to pause fuel price revision for the ninth consecutive day on Monday, the longest period in weeks, as global development on oil production and rising US inventories has softened crude and product prices. However, they stopped short of reducing the retail price of petrol and diesel as more time will be required to study oil price movement before any downward revision. Already, crude has firmed a bit for last few days and this could prevent price cut by OMCs. With no change in prices on Monday, petrol continues to be sold in the national capital…

23 Jul

Pegasus spies: Ambani and former CBI chief also under surveillance

editor0 CommentsBusiness, IndiaAnil Ambani, CBI chief

In the new list of suspected targets of Pegasus spyware, the names of industrialist Anil Ambani and another senior Reliance Anil Dhirubhai Ambani Group (Reliance ADAG) official is included over suspicion of their phones having been hacked. A list of many more names was released on Thursday after it was reported that former Congress President Rahul Gandhi, poll strategist Prashant Kishor, TMC leader Abhishek Banerjee, and Union IT Minister Ashwini Vaishnaw were among the potential targets of Israeli spyware 'Pegasus'. As per the news website The Wire, the phone numbers used by Anil Ambani and another Reliance ADAG executive are included in the…

22 Jul

Fuel prices remain unchanged for 5th day

editor0 CommentsBusiness, IndiaFuel

Oil marketing companies (OMC) continued the pause on fuel price revision for the fifth consecutive day, the longest period in weeks, as global development on oil production and rising US inventories softened crude and product prices. Accordingly, in the national capital, petrol continued to be sold at Rs 101.84 per litre, while diesel remained unchanged at Rs 89.87 a litre on Thursday. The pump price of fuel has been static since Sunday. It rose on Saturday with petrol being revised upwards by 30 paisa per litre while diesel prices remained unchanged. One of the main reasons for pause in fuel…

21 Jul

Wipro investing 7,454 cr for business transformation

editor0 CommentsBusiness, India, Technology

Wipro on Tuesday said it would invest $1 billion (Rs 7,454 crore) over the next 3 years to expand cloud services for business transformation of its clients worldwide. “We will invest $1 billion over the next 3 years in cloud services, technologies, acquisitions and partnerships to simplify and accelerate business operations of our clients,” said the software major in a statement. The global giant also unveiled FullStride cloud services to enhances its offerings and talent to its clients. “As the cloud opportunity accelerates, FullStride services bring together our full portfolio of capabilities, offerings and talent to our clients across verticals,”…

21 Jul

Mahindra Bolero Neo SUV launched in India

editor0 CommentsBusinessMahindra & Mahindra Ltd., Mahindra Bolero Neo SUV

Mahindra & Mahindra Ltd., one of the leading automobile companies in India launched the newest member in its iconic Bolero SUV portfolio - the new ‘Bolero Neo’. Available at all Mahindra dealerships across India, the new Bolero Neo is launched at an introductory price of 8.48 Lakh for the N4 variant. With the launch of Bolero Neo, the Bolero SUV portfolio would now have the existing Bolero for the loyalist and the new Bolero Neo for the evolving customer who is looking for an SUV that is tough, authentic, go-anywhere capability yet modern and trendy. The Bolero Neo Packed with…

21 Jul

Maruti crosses 50 lakh cumulative sales milestone in rural markets of India

editor0 CommentsBusiness, IndiaMaruti Suzuki

The country’s largest carmaker Maruti Suzuki India on Wednesday said it has crossed the 50 lakh cumulative sales milestone in rural markets of India. With over 1,700 customised outlets in rural parts of the country, nearly 40 per cent of the total MSIL sales come from rural markets today, Maruti Suzuki India Ltd (MSIL) said in a statement. The company’s total sales in the April-June period of this fiscal stood at 3,53,614 units. In fiscal 2020-21, it had sold a total of 14,57,861 units, down from 15,63,297 units sold in 2019-20. Commenting on the feat, MSIL Senior Executive Director (Marketing…