Business News Northeast - Latest Business Northeast News & Updates

10 Feb

L&T Wins Significant Transport Infrastructure Project in UAE

editorBusiness

Larsen & Toubro (L&T) on Tuesday said it has secured a “significant” transport infrastructure development project in Dubai, UAE, under the Phase-1 Road development initiative undertaken by local authorities.While the company did not disclose the order value, L&T classifies a significant order in the range of ₹1,000 crore to ₹2,500 crore. The contract has been awarded to L&T’s Transportation Infrastructure business vertical.The project involves the upgradation of Latifa Bint Hamdan Street, a key road corridor connecting Emirates Road (E611) and Sheikh Mohammed Bin Zayed Road (E311). As part of the scope, the existing two-lane dual carriageway will be expanded into…

10 Feb

‘Taste the Thunder’: Hanumankind and Vishal Dadlani Turn Up the Thunder with Thums Up

Business BureauBusiness

Coca-Cola India’s flagship billion-dollar beverage brand Thums Up has launched a new high-energy “Taste the Thunder” anthem featuring rapper Hanumankind and singer Vishal Dadlani, marking a major push to strengthen youth engagement ahead of the summer season. The anthem, built around the line “Aaj Kuch Toofani Kartein Hain,” was unveiled at an invite-only showcase in Mumbai attended by the artists along with director Bijoy Shetty, lyricist Varun Grover, and composer Sushin Shyam. Conceptualised by WPP Ogilvy and produced with Universal Music Group, the track blends Hanumankind’s English rap with Dadlani’s powerful vocals, while the video features cricketers Suryakumar Yadav and…

10 Feb

Great Learning Finds: AI Upskilling in India is Being Led by Senior Talent

Business BureauBusiness

Senior professionals are leading India’s artificial intelligence (AI) upskilling wave, with individuals having over 15 years of work experience accounting for more than 40% of all GenAI and AI/ML enrolments in 2025, according to new insights released by edtech firm Great Learning. The analysis, based on behavioural data from over one million learners, highlights how AI skills are increasingly becoming essential for leadership roles and strategic decision-making across industries. The report shows that AI and Machine Learning remained the most sought-after domain in 2025, recording a 17% year-on-year increase in demand, followed by Data Science, Software Development, Cloud Computing, and…

10 Feb

RBI policy in line with expectations; limited scope for further rate cuts, says Kotak Mahindra Bank

Business BureauBusiness

The Reserve Bank of India’s latest monetary policy decision has met market expectations, with economists indicating limited scope for additional repo rate easing amid evolving inflation risks. Reacting to the policy announcement, Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, said the Monetary Policy Committee (MPC) delivered outcomes “completely in line with expectations across rates and stance.” Bhardwaj noted that the inflation outlook for the first half of FY27 has been revised marginally upward, reflecting emerging pressures in the macroeconomic environment. She pointed out that uncertainty continues to surround growth and inflation projections as markets await the release of the…

10 Feb

Kotak Mahindra Bank becomes first custodian to enable fully digital FPI registration

Business BureauBusiness

Kotak Mahindra Bank has announced an industry-first milestone, becoming the first custodian in India to issue Foreign Portfolio Investor (FPI) licences and execute the entire account-opening process through electronic signatures, marking a major step in capital-market digitisation. The bank has already issued the first two FPI licences based on digitally signed documents, in alignment with SEBI’s digital-transformation agenda under the FPI regime. The initiative is aimed at simplifying and accelerating India market access by creating a digital-first custody and onboarding ecosystem. By eliminating wet signatures, the process reduces operational risks and delivers a seamless client experience while strengthening India’s position…

09 Feb

Guwahati Welcomes Nemichand Bamalwa Jewellers with Open Arms

Business BureauBusiness

Jewellery buyers in Guwahati and across the Northeast will now have direct access to premium collections as Nemichand Bamalwa Jewellers (NCB) launches its flagship showroom at Ganeshguri, GS Road. The nearly 40-year-old jewellery brand unveiled the store in the presence of noted personality Nishita Goswami, with the showroom set to open to customers on February 7, 2026. The new outlet offers a wide range of wedding, bridal and party wear jewellery, featuring designs crafted in natural diamonds, gold, jadau and polki, aimed at customers seeking high-quality jewellery for special occasions as well as long-term family heirlooms. The brand is known…

09 Feb

AM/NS India becomes first integrated steelmaker to get green steel certification

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ArcelorMittal Nippon Steel India (AM/NS India) has become the country’s first integrated steel producer to receive Green Steel certification under the Ministry of Steel’s newly notified Green Steel Taxonomy. The certification covers the company’s flat steel products, with Hot Rolled (HR) coils and sheets earning a four-star rating and Cold Rolled (CR) coils and sheets receiving a three-star rating. The certified products, widely used in the automotive, infrastructure, defence, construction equipment and consumer durables sectors, are now officially recognised as government-certified Green Steel. This enables downstream users to lower Scope 3 emissions across their value chains. Certification eligibility is based…

09 Feb

Cognizant posts strong Q4, full-year 2025 results, beats guidance across key metrics

Business BureauBusiness

Cognizant has reported strong fourth-quarter and full-year 2025 financial results, exceeding its guidance on revenue, margins and earnings, supported by steady demand for AI-led digital services and large deal wins. The company posted fourth-quarter revenue of $5.3 billion, up 4.9 per cent year-on-year, or 3.8 per cent in constant currency. Full-year revenue rose 7 per cent to $21.1 billion, while operating margin improved to 16.1 per cent, an expansion of 140 basis points over the previous year. Full-year GAAP earnings per share stood at $4.56, with adjusted EPS rising 11 per cent to $5.28. Trailing twelve-month bookings grew 5 per…

07 Feb

Myntra Names Former Google, Instacart Executive Pramod Adiddam as CTO

editorBusiness

Walmart-owned fashion e-commerce platform Myntra has appointed Pramod Adiddam as its new Chief Technology Officer (CTO), with the appointment taking effect immediately.Adiddam succeeds Raghu Krishnananda, who stepped down as Chief Product and Technology Officer in April 2025 after more than five years with the company. In his new role, Adiddam will lead Myntra’s overall technology strategy, with a focus on innovation, platform scalability and strengthening technical capabilities to support the company’s growth.With over two decades of experience, Adiddam has a strong background in building and operating large consumer-facing digital platforms. Prior to joining Myntra, he held senior leadership positions at…

07 Feb

Medanta’s growth story balances healing, hiring and heavy investments as Q3 FY26 revenue rises 19%

Business BureauBusiness

Global Health Limited, which runs the Medanta network of multi-specialty hospitals across North and East India, reported a strong rise in patient activity and revenue in Q3 FY26, even as investments in new hospitals and regulatory changes weighed on short-term profit. The company’s consolidated total income grew 19.1% year-on-year to ₹11,428 million during the December 2025 quarter, reflecting a steady rise in people seeking both inpatient and outpatient care. Inpatient volumes increased 14.3%, while outpatient footfalls jumped 19.5%, underlining sustained demand for tertiary healthcare. Average revenue per occupied bed rose nearly 10% to ₹67,361, supported by improved case mix and…