Business News Northeast - Latest Business Northeast News & Updates

15 Sep

India’s vegetable oil imports rose, palmolein declines

Business CorrespondentBusiness, News

New Delhi, India's vegetable oil imports in August rose 7 per cent to 16.77 lakh tonnes compared to the same month last year, despite a sharp drop in refined palmolein shipments following changes in import duty, industry body SEA said on Monday. Total vegetable oil imports stood at 15.63 lakh tonnes in August 2024. The country imported 16.21 lakh tonnes of edible oil and 55,821 tonnes of non-edible oils in August, the Solvent Extractors Association of India (SEA) said. Among edible oils, crude oil imports rose to 16.13 lakh tonnes in August, while refined palmolein shipments declined to 8,000 tonnes…

15 Sep

Instamart unveils Quick India Movement sale, Kolkata braces for festive tech boom

Business BureauBusiness

Instamart has announced its first annual mega event, the Quick India Movement Sale, set to begin on September 19, with discounts ranging from 50–90% across over 50,000 products. The company, known for its 10-minute delivery model, will for the first time extend these deals to electronics, grooming appliances, and home essentials. Some of the major highlights include smartphones like the OnePlus Nord CE4 Lite at ₹16,999, OPPO K13x 5G at ₹12,499, and realmeNarzo 70 Turbo at ₹13,999. Laptop deals feature the Lenovo IdeaPad Slim3 at ₹48,999 and ASUS Vivobook at ₹29,999. Popular audio devices such as the JBL Flip 5…

15 Sep

Jawa, Yezdi motorcycles now priced under Rs 2 lakh as GST cut fuels demand

Business BureauBusiness

Classic Legends (CL) has announced new prices for its iconic Jawa and Yezdi motorcycles, now available under ₹2 lakh, following the government’s GST rationalisation. The GST rate on motorcycles below 350cc has been slashed from 28% to 18%, making Jawa and Yezdi among the biggest beneficiaries in the world’s largest two-wheeler market. The company confirmed that it is passing on 100% of the tax benefit to consumers. Models including the Adventure, Roadster, Bobber, and Scrambler are powered by 293cc and 334cc Alpha2 liquid-cooled engines, with the 334cc delivering 29PS and 30Nm torque. “This policy shift makes our performance classics more…

15 Sep

TCS launches 26th Rural IT Quiz to boost tech awareness among students from smaller towns

Business BureauBusiness

Tata Consultancy Services (TCS), in collaboration with the Department of Electronics, IT & BT, Government of Karnataka, has announced the launch of the 26th edition of its acclaimed TCS Rural IT Quiz. Recognized by the Limca Book of Records as India’s first IT quiz for rural students, the program aims to raise technology awareness among students from smaller towns and districts across the country. The quiz, part of the Bengaluru Tech Summit 2025, is open to students of Classes 8 to 12, excluding those from city corporation limits. It features online tests, virtual rounds, and physical quiz events, covering technology…

13 Sep

Myntra’s profit increase Rs 548.3 crore in FY25

Business CorrespondentBusiness, News

New Delhi, Fashion and lifestyle e-commerce platform Myntra Designs Pvt Ltd has reported a multi-fold jump in consolidated profit to Rs 548.3 crore for the financial year ended March 2025. According to data received from Toffler, the Bengaluru-based company had reported a profit of Rs 30.9 crore in the previous financial year. The company's operating revenue grew 18 percent from Rs 5,121.8 crore in FY24 to Rs 6,042.7 crore in FY25.

13 Sep

Shyam Metalics mobilises 800 employees for blood donation drive at Jamuria plant

Business BureauBusiness

Shyam Metalics, a leading integrated metal-producing company, successfully conducted a large-scale blood donation camp at its Jamuria Plant today, drawing participation from over 800 employees. The initiative underscored the company’s commitment to community welfare and showcased the spirit of workforce solidarity extending beyond industrial operations. The event was inaugurated by Mr. S.K. Maity, Plant Head, Jamuria Unit, followed by the commencement of the day-long donation drive. Distinguished guests including Maharaj Somatma Nanda, Mrs. Latifa Kazi, Mr. Narendranath Chakraborty, and Mr. Hareram Singh attended the camp, delivering motivational speeches and interacting with employees to encourage voluntary blood donation. Mr. Brij Bhushan…

13 Sep

AI Tops the Wishlist for Gen Z Talent in India’s Workplaces

editorBusiness

According to the survey, the majority of Gen Z workers and supervisors admitted to using prohibited AI tools to do creative tasks. Gen Z professionals in India want more freedom to experiment with AI technologies, despite the fact that enterprise use of AI is still in its early stages globally. Over 78 per cent of Gen Z workers said that experimenting with AI tools could help improve their visual workflows, according to a new report by Canva on Tuesday, September 9. The findings of the survey dubbed 'State of Visual Communication survey' demonstrate that there is a big disparity between…

12 Sep

India’s foreign exchange reserves increase US$ 698.27 billion

Business CorrespondentBusiness, News

Mumbai, India's foreign exchange reserves rose by US$ 4.038 billion to US$ 698.268 billion during the week ended September 5, according to data from the Reserve Bank of India (RBI) on Friday. The increase was due to a significant increase in the value of gold reserves. In the previous reporting week, the total reserves had risen by US$ 3.51 billion to US$ 694.23 billion. According to the data, foreign currency assets, a major component of the foreign exchange reserves, rose by US$ 540 million to US$ 584.477 billion during the week ended September 5. Expressed in dollars, foreign currency assets…

12 Sep

BSA Gold Star marks first anniversary in India with limited-edition Goldie-kit and festive offers

Business BureauBusiness

BSA Gold Star, the iconic British motorcycle reborn in India last year, is celebrating its first anniversary with a special festive offer and a limited-edition accessory set, the Goldie-kit. Riders trading in any two-wheeler between 23 August and 23 September 2025 can avail up to Rs 10,000 in exchange value. Additionally, purchases before 21 September can save up to Rs 23,702 on ex-showroom prices, including the curated accessory set worth Rs 5,896. The 652cc Gold Star, known for its single-cylinder refinement, timeless café racer design, and modern features like LED lighting and dual-channel ABS, continues to impress motorcycle enthusiasts. The…

12 Sep

Wow! Eats Brings Foodie Delights to Gangtok: A New Dining Experience Awaits

Business BureauBusiness

Wow! Momo Foods, India’s fastest-growing homegrown QSR brand, is expanding its footprint in the Northeast with the launch of its first Wow! Eats outlet at Vajra World, Gangtok. Scheduled to open on September 12, the 1st-floor outlet will bring together all four of the company’s signature brands – Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi – under one roof, offering a diversified dining experience for local consumers. A standalone Wow! Kulfi store will also open on the Ground Floor, dedicated to the popular Indian dessert with a contemporary twist. The grand opening will feature festive celebrations and special…