Business News Northeast - Latest Business Northeast News & Updates

31 May

Ola Electric share price drops nearly 10%, net loss widens to ₹870 crore, revenue drops 62%

Business CorrespondentBusiness, News

Shares of electric two-wheeler maker Ola Electric Mobility fell nearly 10% on Friday, May 30, a day before the company released its financial results for the fourth quarter of FY2024-25. The stock fell 9.72% to ₹48.06 on the National Stock Exchange (NSE). At 11:02 am, it was down 5.4% at ₹50.35 per unit. Ola Electric reported a consolidated net loss of ₹870 crore in the fourth quarter of FY2025 as against a net loss of ₹416 crore in the same quarter a year ago. The company said it is targeting profitability in the current financial year. Revenue from operations declined…

30 May

Apollo Hospitals Q4 net profit jump 54%; plans ₹8,000 crore for expansion

Business CorrespondentBusiness, News

Apollo Hospitals Enterprise on Friday reported that consolidated profit after tax for the fourth quarter ended March 31, 2025 grew 54% year-on-year to ₹390 crore, driven by strong sales. The healthcare provider had reported a profit after tax (PAT) of ₹254 crore in the fourth quarter of FY24. Revenues stood at ₹5,592 crore in the period under review as against ₹4,944 crore in the fourth quarter of FY24, Apollo Hospitals said in a statement. For FY25, it reported a 61% year-on-year rise in PAT at ₹1,446 crore as against ₹899 crore in FY24. Revenue grew to Rs 21,794 crore last…

30 May

Three students from North 24 Parganas secure top ranks in the SOF Olympiad exam for 2024-25

Business BureauBusiness

Three students from North 24 Parganas have secured top ranks in the SOF Olympiad exam for 2024-25. Rupsha Mahajan, a student from Nivedita Shishu Tirtha, achieved the first rank in the International Mathematics Olympiad, earning a gold medal and a merit certificate, Debanjan Samanta, a student from Swapnopuron Siksha Niketan, claimed the second rank in the National Science Olympiad, receiving a silver medal and a merit certificate. Anam Afroz, a student from Abn Global Academy, claimed the third rank in the International General Knowledge Olympiad, earning a bronze medal and a merit certificate. This year's SOF Olympiad saw participation from approximately…

30 May

Byatikram Education Conclave 4.0 begins in Guwahati, aims to transform educational landscape

Business BureauBusiness

The fourth edition of the Byatikram Education Conclave kicked off today at the NEDFi Convention Centre, Guwahati. Organized by Byatikram in association with The Times of India, JIS Group of Institutions, and NERIM Group of Institutions, the two-day event will feature 32 distinguished educationists, technocrats, and government officials sharing insights on six core themes impacting education in Northeast India and beyond. The conclave was inaugurated by Prof. Dr. Sangeeta Tripathi, Director of NERIM Group of Institutions. Esteemed speakers include Prof. Dr. Mridul Hazarika, P.S. Reddy, Prof. Dr. Dilip Nath, Babul Ali, Dr. Diganta Haldar, Krishnanjan Chanda, Dr. Navajyoti Borah, Dr.…

29 May

Silver futures prices jump: Rs 363 rises to Rs 97,838 per kg

Business CorrespondentBusiness, News

New Delhi: Silver prices rose by Rs 363 to Rs 97,838 per kg in May futures trade on Wednesday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 363, or 0.37 percent, to Rs 97,838 per kg in a business turnover of 17,752 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.28 percent lower at $33.16 per ounce in New York.

29 May

KFC’s New Value Offer: Delicious Food at Unbeatable Prices

Business BureauBusiness

KFC India has launched a mouth-watering limited-time offer dubbed "Epic Savers," allowing customers to enjoy nine pieces of its iconic chicken for just ₹299. The combo includes seven boneless chicken strips and two hot & crispy pieces, available exclusively for dine-in across KFC’s 1300+ restaurants nationwide. The campaign, featuring Bollywood actor Mrunal Thakur and comedian Danish Sait, highlights the irresistible value with the catchy slogan "9 for 299," blending epic taste with epic savings. The ad film shows the duo reacting with gleeful disbelief to the jaw-dropping deal, echoing the sentiments of chicken lovers across India. The new deal has…

28 May

Aluminium futures prices increase on fresh deals

Business CorrespondentBusiness, News

New Delhi, May 28: Aluminium prices rose by 15 paise to Rs 239.05 per kg in futures trade on Wednesday as speculators created fresh deals amid positive trend in the spot market. Aluminium contracts for June delivery rose by 15 paise, or 0.06 percent, to Rs 239.05 per kg on the Multi Commodity Exchange in which 4,378 lots were traded. Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

28 May

ACC empowers East Medinipur contractor to revolutionize local cement market

Business BureauBusiness

ACC has played a pivotal role in the remarkable rise of Mr. Goutam Rana, a contractor from East Medinipur, West Bengal. Starting as a helper two decades ago, Mr. Rana now oversees 12 active construction sites with a workforce of 50 across Haldia, Mahishadal, and Nandakumar. His switch to ACC cement in August 2022, driven by the brand’s superior quality and technical support, has significantly reshaped the local market dynamics. Under his influence, ACC’s market share surged from 25% to 75%, surpassing competitors. Mr. Rana is highly respected among masons, contractors, and individual home builders. He has secured 15 ACC…

28 May

Boomer Pops with swag: Mars Wrigley India enters Rs 800 cr Lollipop market with new launch

Business BureauBusiness

Mars Wrigley India has launched the all-new Boomer Lollipop, marking the iconic chewing gum brand’s bold entry into the ₹800-crore lollipop segment. With a legacy of over 31 years, Boomer aims to shake up a category often seen as childish by infusing it with a modern, youth-driven attitude. The Boomer Lollipop, available in Strawberry, Orange, and Watermelon flavours, is backed by a powerful campaign centered on self-expression and individuality. Cricket star Jasprit Bumrah fronts the campaign, bringing his calm confidence and swag to the brand message — a stand against bullying and a celebration of personal style. The accompanying TVC,…

27 May

Crude oil futures gain on spot demand

Business CorrespondentBusiness, News

New Delhi, May 27: Crude oil prices rose by Rs 11 to Rs 5,266 per barrel in futures trade on Tuesday as participants increased their bets due to strong spot demand. Crude oil prices for June delivery rose by Rs 11, or 0.21 percent, to Rs 5,266 per barrel on the Multi Commodity Exchange in a business turnover of 11,624 lots. Analysts said crude oil prices rose in futures trade as participants raised bets. Globally, West Texas Intermediate crude oil prices rose 0.11 percent to $61.60 per barrel, while Brent crude oil prices rose 0.17 percent to $64.85 per barrel.