Business News Northeast - Latest Business Northeast News & Updates

18 Jun

Parliamentary panel to meet Twitter, IT Ministry officials today

editor0 CommentsBusiness, Indiatwitter

Twitter representatives on Friday appeared before a parliamentary panel that had called the social media giant to discuss the issue of safeguarding citizens' rights and preventing misuse of online platforms. The committee, led by Shashi Tharoor, senior Congress leader and Rajya Sabha MP from Thiruvananthapuram, was to question the Twitter representatives and officials of the Ministry of Electronics and Information Technology (MeiTY) on steps taken by the former to prevent people from misusing social media. The meeting was to hear the opinions of Twitter representatives and discuss safeguarding each citizen’s rights. The panel also aims to find ways of stopping…

18 Jun

Central Vista is “not a matter of the government’s ego”: Says Speaker Om Birla

editor0 CommentsBusiness, Indiacentral vista, India, om birla, parliament, POLITICS, speaker

Om Birla, Speaker of Lok Sabha has defended the construction of a new Parliament building as part of the Central Vista project. He said “It’s not a matter of the government’s ego" and that the 100-year-old building is unsafe and not appropriate for several functions of the House. “Both Lok Sabha and Rajya Sabha had requested the government that the current building, which is historic and unparalleled in the world, is now 100 years old and is not earthquake-safe,” said Om Birla. He further said the iconic building constructed by the British is inadequate in many ways and a new-age…

18 Jun

UTI Treasury Advantage Fund aims to generate reasonable income

editor0 CommentsBusinessQ2FY22, UTI, UTI Treasury Advantage Fund

UTI Treasury Advantage Fund follows an accrual-oriented strategy by investing in a well-diversified portfolio of debt and money market instruments with an aim to generate reasonable income with lower volatility over the short-term. A spokesperson from the UTI said that the fund primarily invests in commercial papers, certificate of deposits and low duration corporate bonds along with tactical exposure to government securities. The UTI spokesperson mentioned that as was widely expected, in the recent monetary policy announcement, the MPC voted unanimously to continue accommodative stance and to maintain the repo rate at 4.00%. The Governor also announced the third tranche…

18 Jun

IndiaFirst Life introduces Micro Bachat Plan

editor0 CommentsBusinessBank of Baroda, IndiaFirst, Micro Bachat Plan, Union Bank of India

Promoted by Bank of Baroda and Union Bank of India, IndiaFirst Life Insurance Company Limited (IndiaFirst Life) has introduced IndiaFirst Life Micro Bachat Plan. IndiaFirst Life Micro Bachat Plan takes care of the insured’s liquidity needs through its loan facility. The policy can be purchased online or offline. This limited premium paying, and participating plan provides a shorter pay commitment of 5 years while offering savings and protection in a single policy up to 15 years. This non-linked, participating, limited pay, micro-life insurance policy is designed to offer dual benefits of security and disciplined savings to secure life’s certainties. The…

18 Jun

Flipkart opens one of its largest warehouses in WB

editor0 CommentsBusinessFlipkart, Flipkart Samarth, Largest warehouses, West Bengal

Flipkart, India’s homegrown e-commerce marketplace, added a new fulfillment center in West Bengal, the second-largest in the state, as it ramps up its supply chain infrastructure in the East to cater to the growing demand for e-commerce services across the region and the country. Spread across an area of over 2.2-lakh square feet and creating nearly 3,500 direct jobs, the new facility in Dankuni will cater to the needs of both Flipkart and Myntra customers in the region. It will also help thousands of sellers offer a wider selection and enable faster deliveries of customer orders within the region and…

17 Jun

Microsoft names CEO Satya Nadella as chairman

editor0 CommentsBusinessMicrosoft, Satya Nadella

Microsoft Corp on Wednesday named Chief Executive Officer Satya Nadella as its new chairman, in place of John Thompson. Microsoft said Thompson, who took over as chairman from Bill Gates in 2014, will serve as lead independent director. Nadella has been instrumental in scaling up its business including billion-dollar acquisitions like LinkedIn, Nuance Communications, and ZeniMax. “In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board’s review. As lead independent director, Thompson…

17 Jun

Miners in Africa find huge diamond, believed to be the third largest in the world

editor0 CommentsBusinessafrica, International, third largest diamond

A diamond believed to be the third largest ever found has been put on display in Botswana. The stone - weighing 1,098 carats - was shown to President Mokgweetsi Masisi, two weeks after the diamond firm, Debswana, unearthed it. The huge gem is only slightly less heavy than the world's second-largest diamond which was also found in Botswana in 2015. Botswana is Africa's largest producer of diamonds. "This is the largest diamond to be recovered by Debswana in its history of over 50 years in operation. From our preliminary analysis it could be the world's third largest gem quality stone."…

16 Jun

Vi to provide Managed SIP service in India

editor0 CommentsBusinessTelecom, Vi, Vi Managed SIP service

The enterprise arm of Vodafone Idea Limited (VIL), Vi Business has introduced Managed SIP service for businesses for which voice calls are a key business resource. Most Indian BPOs/KPOs, the BFSI and IT/ITES, telemarketers, VAS providers, conference service providers and similar sectors are currently relying on legacy TDM based PRI connections from multiple vendors. With Vi’s Managed SIP (MSIP), these organizations will now have the assurance of security as well as a window to monitor, measure and optimise their voice infrastructure. These services also help user clients get a complete view of their fixed telephony network, with best-in-class SLAs, voice…

15 Jun

Study says ,Sputnik V is more efficient against the Delta variant of coronavirus

editor0 CommentsBusinessApollo Hospital, covid, Sputnik V, vaccine

The Russia's Covid-19 vaccine has claimed that Sputnik V is more efficient against the Delta variant of coronavirus than any other vaccine. Sputnik-V has claimed that the one which was found in India., the Gamaleya Center study has the vaccine most effective vaccine against the coronavirus. The first dose of the imported vaccine was administered in Hyderabad last month. The Drugs Controller General of India, gave the authorization use emergency for the Sputnik V vaccine. while that of Covaxin is Rs 1,410 per dose, for private COVID-19 Vaccination Centres ,the maximum price of Covishieldhas been fixed at Rs 780 per…

15 Jun

Ram Mandir plot controversy: Temple Trust speaks out

editor0 CommentsBusinessIndia, plot, ram mandir, Temple

As the 'Ram Mandir' plot of land in Ayodhya has come under scrutiny, the Ram Janmbhoomi Trust has issued a factual report on the controversial land deal explaining the price difference of the plot. The Ram temple trust has said the charges are being concocted by BJP's rivals. It has also sent its report to the Centre, BJP and RSS, explaining the price difference. In its statement, the Ram temple trust has said the plot of land is located next to the road approaching the Ram Janmbhoomi Mandir and is of premium value. Bjp termed the war of words that…