Business News Northeast - Latest Business Northeast News & Updates

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…

21 Jul

Fuel price cut relief may come soon as global oil softens

editor0 CommentsBusiness, IndiaFuel Price Hike

Consumer’s bearing the brunt of rising fuel prices for more than a couple of months may expect some relief over the next few days as Oil marketing companies (OMC) have begun evaluating the fall in global oil prices and its resultant impact on fuel prices in the country. The benchmark Brent crude that had risen to $77 a barrel late last month has shed more than 10 per cent in the last fortnight to reach a level of $68.85 a barrel now. If the price line remains below $70 a barrel for a few more days, petrol and diesel prices…

20 Jul

HCL Technologies shares tumbles after Q1 earnings

editor0 CommentsBusiness, India, Technologyhcl

Shares of HCL Technologies on Tuesday dipped 3 per cent after the company’s June 2021 quarter earnings failed to enthuse investors. The stock went lower by 3 per cent to Rs 969.50 on the BSE. At the NSE, it dipped 3 per cent to Rs 969.35. At 3.18 pm, 2.41 per cent to Rs 976.10 on the BSE. On Monday, IT services major HCL Technologies posted a 9.9 per cent rise in consolidated net profit to Rs 3,214 crore for the June 2021 quarter and exuded confidence in logging double-digit constant currency growth in FY22 on the back of strong…

20 Jul

Paytm IPO, set for mega debut

editor0 CommentsBusinessBusiness

Paytm, a digital payments and financial services firm, is all set to debut on the Indian bourses. The company has already filed a draft red herring prospectus for its proposed Rs 16,600 crore-IPO with the SEBI. Paytm IPO will be the largest since the 2010 issue by state-owned Coal India. It will raise Rs 8,300 crore through fresh equity and another Rs 8,300 crore through offer-for-sale. Paytm’s large investors include China’s Alibaba and Ant Financial which own combined 36.8 per cent stake. It is followed by the SoftBank Vision Fund which owns 19.6 per cent. Saif Partners owns 17.2 per…

19 Jul

FASTag to enhance contactless refueling at Indian Oil fuel outlets

editor0 CommentsBusiness, India, TechnologyFuel, Indian Oil

State-run Indian Oil Corporation Ltd and ICICI Bank are offering cashless and contactless refuelling through FASTag at the country’s largest oil marketing company’s outlets to reduce wait time for customers. “ICICI Bank FASTag users can now enjoy a fully digitized experience at IndianOil’s fuel stations which will reduce wait time for customers,” the firms said in a joint statement. To avail of this facility, customers must inform the customer attendant while fuelling, then scan the vehicle’s FASTag/car number plate. The customer will then receive an OTP to validate the transaction. The transaction will be completed when the OTP is entered…

19 Jul

Hero Electric expands production capacity

editor0 CommentsBusinessAutomobile, Hero Electric Vehicles Private Limited

India’s largest electric vehicles maker, Hero Electric Vehicles Private Limited announced the first part of their Series B funding of Rs.220-Crore. Along with participation from OAKS, Gulf Islamic Investments (GII) led the round. Avendus Capital was the exclusive financial advisor to Hero Electric on the transaction. V’Ocean Investments has been advised by OAKS Asset Management Pvt. Ltd. (OAKS) on the investment. Hero Electric will direct this investment towards the objective of further supporting the EV industry and ecosystem. The electric 2-wheeler market leader will allocate this investment towards expanding production capacity, consolidating market position to strengthen market leadership, invest in…