Business News Northeast - Latest Business Northeast News & Updates

12 Feb

Hero MotoCorp forays into connected mobility ‘Hero Connect’

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Reiterating its commitment to customer centric technology, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has introduced ‘Hero Connect’, a cloud-based solution bringingsmart riding experience for customers. Hero Connect, the new-age app for the new era of connected mobility, will be offered across segments with initial readiness in four models, including XPulse 200, Pleasure+, Passion XPRO and HF Deluxe.Offering security and safety through features like Live Tracking,Topple Alerts, Tow Away Alert, Geo Fence Alert, Speed Alert, etc; Hero Connect ensures safety when on the move or while parked.Driving insights based on the riders’ behavioural patterns is another core feature of…

12 Feb

Over 6.5 million (65 lakh) guests booked an OYO in January 2020

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OYO Hotels & Homes, a young hotel startup & the world’s leading chain of hotels, homes, and spaces, announced today that it has hosted 6.5 million guests in January 2020 alone in India. The company continues to deliver on its promise of doubling down efforts in providing enhanced customer experience as part of its 2020 priorities. Following improved communications and process changes, the company has also earned back the trust of over 100 asset owners across the country who have rejoined the OYO family in January. Witnessing a strong start to the year, OYO’s franchise hotels business has also maintained…

08 Feb

Importers Call Strike Against Toy Duty Hike, Say 1 Lakh Retailers To Be Impacted

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More than one lakh retailers across the country will be hit by a three-fold hike in duty, according to toy importers who went on strike on Saturday. In the Union Budget for financial year 2020-21, the government proposed to raise the import duty applicable to toys from 20 per cent to 60 per cent, saying that the step would support micro, small and medium enterprises (MSMEs), and promote local manufacturing.Protesting against the move, the toy wholesalers of the city went on a one-day strike, contending that the import duty hike will result in the closure of businesses and a spurt…

07 Feb

Lockheed Martin Inks Pact With BEL To Explore Opportunities For F-21 Fighter

editor0 CommentsBusiness, Sikkim

US defence giant Lockheed Martin on Friday inked an agreement with the state-run Bharat Electronics Limited (BEL) to explore opportunities in the F-21 fighter jet programme.Lockheed Martin has exclusively offered its F-21 military aircraft to India, with an eye to bag the Indian Air Force's $18 billion dollar deal to procure 114 jets."Lockheed Martin signed a memorandum of understanding (MoU) with defence PSU BEL to explore industrial opportunities in the F-21 programme at DefExpo 2020," the company said in a statement.

06 Feb

Bharti Airtel Inches Higher Despite Loss In Third Quarter

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Bharti Airtel is trading marginally in the green, albeit off the highs of the day, after reporting third straight quarterly loss after market hours on Tuesday. India's third largest telecom firm posted a loss of Rs 1,035 crore for the three months ended December 31 compared with a profit of Rs 86.2 crore a year earlier. The loss, however, narrowed from a whopping Rs 23,044 crore in the September quarter.At 11:30 a.m, the shares of Bharti Airtel were trading higher by Rs 2 or 0.3 per cent at Rs 521 on the BSE amid the Sensex's gains of 0.3 per…

04 Feb

Paytm launches All-in-One Android POS for small businesses and merchant partners

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India's largest payments platform Paytm (owned by One97 Communications Limited) today announced the launch of All-in-One Android POS device for merchant partners across the country. This device helps merchants to accept payments through Paytm Wallet, all UPI based apps, Debit & Credit Cards and most importantly - Cash. Besides accepting payments, merchants will also be able to generate GST compliant bills and manage all transactions and settlements through their 'Paytm for Business' app at one go. Paytm All-in-One Android POS is a fully-loaded payment acceptance device with many industry-first features & services. The android based device comes with a full-size display…

03 Feb

EVs should become cheaper than traditional vehicles within three years

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NITI Aayog CEO Mr Amitabh Kant today said that electric vehicles should become much cheaper than combustion vehicles in three years. Mr Kant further said that the price of battery packs of EVs is expected to fall to $76 per kilowatt hour (or unit) in three years, down from the present day $156/unit. At that point, he said, even the upfront cost of electrical vehicles will become cheaper than combustion vehicles, with the total cost of ownership already competitive. Mr Kant was speaking at the Mobility Talk Corporate Conclave at the World Sustainable Development Summit 2020, TERI’s annual flagship event…

30 Jan

Common Facility Center to enhance the productivity of small gem and Jewellery units

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Ground-breaking ceremony of Common Facility Centre (CFC) at Bow Bazar in Kolkata was held today in the presence of Smt. Rupa Dutta (Economic Advisor, Ministry of Commerce & Industry, Government of India), Shri Senthil Nathan (Deputy Secretary, Ministry of Commerce & Industry, Government of India), Shri Pramod Agrawal, Chairman, GJEPC; Shri Prakash Pincha, Regional Chairman, Kolkata, GJEPC, along with others. GJEPC is setting up a Common Facility Center at Bow Bazar with a view to enhance the productivity and quality of products, especially the small gem and Jewellery units set in Bow Bazar and its surrounding areas. GJEPC with the support of the Ministry of Commerce and…

30 Jan

OYO’s Corporate Channel etches strong growth trajectory; Records 80% y-o-y increase in revenue

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OYO Hotels & Homes, the world’s leading chain of hotels, homes, and spaces has witnessed a strong growth trajectory in its corporate bookings. The company’s corporate channel witnessed an 80% increase in revenue on a y-o-y basis. Today, OYO’s corporate channel contributes to over 30% of the hospitality company’s total revenues and it counts Utkarsh Small Finance, Think & Learn (P) Ltd. (BYJU’S) and Extramarks Education among its 8,400+ clients. This remarkable growth further reiterates OYO’s commitment to scaling up its engagement in the corporate travel segment. With over 8400 active corporate accounts, OYO caters to the travel needs of…

28 Jan

Nissan to launch an all-New, Technology-rich and Stylish SUV in 2020

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Nissan will launch its first made for India Compact SUV on the philosophy of “Make in India, Make for the World”. Building on Nissan’s global SUV heritage and advanced technology, the New Compact SUV is designed for tomorrow’s journey as a feature-rich premium offering with stylish design for a strong and dynamic road presence. Nissan’s new SUV features the latest technology as a part of Nissan Intelligent Mobility, the company’s vision as to how vehicles are powered, driven and integrated into society. The Compact SUV is a testimony to Nissan’s Global SUV DNA spirit of relentless innovation and Japanese engineering, building on Nissan’s iconic…