Business News Northeast - Latest Business Northeast News & Updates

19 Jul

The Himalaya Drug Co. launches Quista DN

editor0 CommentsBusiness, HealthHimalayan

A new product ‘Quista DN’ has been launched by The Himalaya Drug Company. It is a nutritional supplement scientifically designed to effectively help in the dietary management of diabetic and prediabetic individuals. Quista DN is a sucrose-free formula, fortified with unique ACCTI advantage nutrients that help improve overall metabolism. Quista DN is fortified with botanical ingredients. It is a vegetarian product that contains slow and medium digesting proteins, soluble and insoluble fiber. Quista DN is developed with the amalgamation of ancient wisdom of Ayurveda and modern nutrition science that contains botanical ingredients, ACCTI mix, Chromium, Zinc, and Selenium, which collectively…

19 Jul

‘Nissan Magnite’: Nissan India’s upcoming B-SUV

editor0 CommentsBusinessmagnite, nissan

Christened as Nissan Magnite, Nissan India revealed the concept version of its highly anticipated B-SUV. The technology-rich and stylish B-SUV will be launched in FY 2020 in India. Magnite is a portmanteau of the words “magnetic” and “ignite”. Whereas magnetic highlights the design and the product attributes that will attract customers, ignite emphasises on the beginning of a new era that Nissan wants to bring in India. The Nissan Magnite will be a feature-rich premium offering with stylish design for a strong and dynamic road presence. Rakesh Srivastava, Managing Director, Nissan Motor India said, “We are confident that Nissan Magnite…

18 Jul

Govt issues notice to Twitter after recent hack targeting global high-profile users.

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India’s cybersecurity nodal agency CERT-In has issued a notice to Twitter asking the micro-blogging platform for full details of the recent global hack targeting high-profile users, as it sought complete information on number of Indian users affected as well as impact on data, a source said. The source privy to the development told PTI that CERT-In has also asked Twitter for information on number of users from India who have visited the malicious tweets and links, and whether the affected users have been informed by the platform about unauthorised access to their Twitter accounts. The government has also demanded information…

18 Jul

Sundar Pichai reveals Google’s next big project to make the world a ‘safer’ place.

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Google’s parent company Alphabet CEO Sundar Pichai today revealed the next big project that could help the world to form a ‘safer’ place. Natural disasters like floods or earthquakes come without any serious prior warning as such. Google and its CEO Sundar Pichai is exactly have something to tell us about. Google recently conducted an experiment using its subsea fiber optic cables, which showed that it could be useful for earthquake and tsunami warning systems. Google first started working on this in 2013 but it was only in 2019 that Google conducted its first experiment. Initially, there was no state…

18 Jul

HDFC Bank’s profit rises

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The HDFC Bank, which is India’s largest private sector lender by market value, on Saturday announced that it has reported a net profit of Rs 6,658.62 crore for the quarter ended June 30 which is an increase of 19.58 per cent compared to the corresponding period in 2019. The HDFC Bank had clocked a net profit of Rs 5,568.16 crore in April-June 2019-20. In a statement, The company also said that its net interest income - or the difference between interest earned and interest paid - increased 17.84 per cent to Rs 15,665.42 crore in the June quarter. Its income…

18 Jul

Financial Result of Bandhan Bank

editor0 CommentsBusinessbandhanbank

Financial Results of Bandhan Bank for the Quarter ended June 30, 2020, have been approved by the Board of Directors of Bandhan Bank Limited at a meeting held in Kolkata. Commenting on the bank’s performance, Mr. Chandra Shekhar Ghosh (Managing Director and CEO of Bandhan Bank) said, during the quarter, the bank has started collections post unlocking announced by the government. Overall Bank collections improved to 76% by end of June’20 compared to 29% in April’20. The bank continued to showcase the strengths of its retail deposit franchise with strong growth of 35% during this difficult time, especially CASA growing…

18 Jul

Nissan unveils Ariya to a global audience

editor0 CommentsBusiness, Technologynissan

Nissan introduced the all-new Nissan Ariya. It is an electric crossover SUV that lets customers travel farther while enjoying greater driving excitement, confidence and comfort, and connectivity. The all-new Nissan Ariya is scheduled to go on sale in Japan in mid-2021. It will be priced at around 5 million yen. The Ariya is planned to go on sale in Europe, North America and China by the end of 2021. With a 100% electric powertrain, the Ariya promises powerful acceleration and smooth, quiet operation. Drivers and passengers can relax and enjoy the ride thanks to autonomous driving technology, concierge-level assistance, seamless…

17 Jul

CoronaVirus effect : Microsoft Trims Jobs As It Enters New Fiscal Year.

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Microsoft Corp said it had trimmed its workforce across geographies and teams as it entered a new fiscal year from July 1. The Washington-based software giant declined to elaborate on the roles which had been eliminated, their numbers or their locations. The company cut roles at its online news portal MSN.com, as it shifted to an AI-powered algorithmic feed, according to the report, which added that jobs were also cut in the Microsoft Azure cloud division. According to a report by Business Insider, the company cut under 1,000 jobs across its business this week. The spokesman said it is common…

17 Jul

Apple iPhone assembler joins wave of tech investment in India

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Apple Inc assembly partner Pegatron Corp is making preparations for its first plant in India, adding to a large influx of foreign tech investments in the country this year.In June, the Indian government set out a $6.6 billion plan to woo the world’s top smartphone manufacturers, offering financial incentives and ready-to-use manufacturing clusters. Pegatron is now setting up a local subsidiary and joining fellow Taiwanese electronics assemblers Foxconn Technology Group and Wistron Corp, who have already been making some iPhone handsets in southern India. Smartphones are a focal point for Prime Minister Narendra Modi's much-touted Make in India program. Ravi…

17 Jul

Britannia Q1 pre-tax profit Rs 737 cr, revenue rises 26%

editor0 CommentsBusinessBRITANNIA, food

Foods company Britannia reported a stellar quarterly growth on Friday posting a profit before tax of Rs 737 crore for Q1FY20, a rise of 88 per cent when compared to the corresponding period of the previous fiscal. The net profit for the biscuit maker grew 117 per cent to Rs 546 crore on YoY basis. The consolidated revenue of the Bengaluru-headquartered firm witnessed a strong growth of 26 per cent on a YoY basis at Rs 3,384 crore, ahead of expectations. The company’s volume growth for the period underreview stood at 22 per cent, higher than analysts' expectations of 17-20 per cent.…