Business News Northeast - Latest Business Northeast News & Updates

27 Jul

Axis Bank buys 5.55 pc stake in fintech firm IBBIC

editor0 CommentsBusiness, IndiaBusiness

Axis Bank said it has bought 5.55 per cent stake in financial technology firm IBBIC. The bank has subscribed to 50,000 equity shares of face value of Rs 10 each fully paid up of IBBIC Private Ltd (IBBIC) for a consideration of Rs 10 per equity share constituting 5.55 per cent of the issued and paid-up capital of IBBIC, Axis Bank said in a regulatory filing. Incorporated in May this year, IBBIC platform offers distributed ledger technology (DLT) solutions to the Indian financial services sector. “Equity ownership of IBBIC is aimed at providing DLT solutions for the financial services sector,”…

27 Jul

Sony’s Research Award Program

editor0 CommentsBusinessResearch Award Program, SONY

Sony announced Research Award Program, currently in its sixth year. The program provides funding for programs researching emerging and innovative technologies in collaboration with Sony’s own research groups, and is open to universities in the U.S., Canada, 17 European countries. The Sony Research Award Program is comprised of two awards – the Faculty Innovation Award and the Focused Research Award. Both awards are coordinated by Sony’s R&D Center and may fall within three broad subject categories: Information Technology, Devices & Materials, and Life Sciences. The Faculty Innovation Award grants up to $100,000 USD to principal investigators for one year, with…

27 Jul

HP introduced AI powered digital solutions

editor0 CommentsBusiness, EducationHp, HP Classeasy, HP School Coach

HP India introduced new technology solutions to empower educators with digital tools that will unlock every student’s unique potential. With wide spread switch from physical classrooms to online learning prevalent during the pandemic, HP's new digital learning solutions help education institutions in the transition to a digital learning environment. HP focuses on addressing primary need gaps in the education system, and helps educators augment their teaching style through an insight-based tracking of academic progress of students. To launch a comprehensive learning service called HP School Coach, HP collaborated with Mirai Partners, a leading learning and development organization. The solution helps…

27 Jul

PEPSI® launched #SwagWaliPepsi campaign

editor0 CommentsBusiness#SwagWaliPepsi campaign, PEPSI®

Beverage brand Pepsi® unveiled #SwagWaliPepsi campaign, kicked off by popular Bollywood music composer – Tanishk Bagchi. The #SwagWaliPepsi campaign builds on the refreshment quotient of Pepsi® and encourages consumers to show off their confidence and SWAG through anexciting hook step. Speaking about the campaign, Saumya Rathor, Category Lead, Cola, PepsiCo India said, “With the #SwagWaliPepsi campaign, brand Pepsi is pivoting in pop culture and giving consumers a chance to express themselves in their own unique and irreverent way. We are confident that this campaign will add funto the lives of the consumers in an inimitable Pepsi style” The hook step…

26 Jul

Amazon India announced fulfilment network in India

editor0 CommentsBusinessAmazon India, Fulfilment network

Amazon India announced its plans to expand its fulfilment network in India, with close to 40% increase in its storage capacity over last year. With this expansion, Amazon.in will have more than 43 million cubic feet of storage capacity, across 15 States, supporting around 8.5 lakh sellers across India. Amazon India has more than 60 fulfilment centers and more than 25 specialized sites dedicated to Amazon Fresh selection for daily essentials and grocery, across India. The launch of 11 new fulfilment centres and expansion of 9 existing ones across States. Buildings across Amazon India’s fulfillment network are designed with state-of-the…

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…