Business News Northeast - Latest Business Northeast News & Updates

23 Sep

September 23 Precious Metals Update: Gold Prices Ease Marginally, Silver Rises; Details on 24k & 22k Rates

sunnyBusiness

Gold prices edged lower marginally across domestic and international futures platforms during early trade on Wednesday, September 23, while silver posted gains, keeping the market dynamic active. On the Multi Commodity Exchange (MCX), gold contracts for the October 5 expiry dropped Rs 167 to touch an early low of Rs 1,52,549 per 10 grams from a previous close of Rs 1,52,716, whereas December 4 expiry silver futures climbed Rs 1,489 to reach a peak of Rs 2,41,377 per kilogram against the prior close of Rs 2,39,888. Later in the session, gold market movements flattened out and silver trimmed some of…

23 Sep

7 in 10 urban Indians want to retire early, but retirement corpus remains a concern: IRIS 6.0

Business BureauBusiness

Seven in 10 urban Indians aspire to retire before the traditional retirement age of 58–60 if their financial needs are adequately met, while half of them want to achieve financial independence and retire early (FIRE) before 50, according to the sixth edition of Axis Max Life Insurance’s Bharosa Talks India Retirement Index Study (IRIS 6.0), conducted with Kantar. The study, however, highlighted a significant gap between retirement aspirations and preparedness. Urban Indians have accumulated only 28% of their target retirement corpus on average, while 82% of Gen X+ respondents aged 45 and above believe they may need to continue working…

23 Sep

Debt Pressures Persist for SP Group as Tata Sons Future Hangs in Balance

nanikaBusiness

Shapoorji Pallonji Group (SP Group) continues to face funding pressure as it seeks an additional ₹3,500 crore to meet a debt payment due in October, amid uncertainty over the future of Tata Sons and the potential monetization of its roughly 18% stake in the Tata Group’s holding company. The group is reportedly in talks with lenders to exercise a greenshoe option on an existing ₹21,350 crore financing facility, with Deutsche Bank expected to provide a substantial portion of the additional funding. SP Group has also sought to extend the repayment deadline and is seeking a further extension of the 40%…

23 Sep

Royal Enfield introduces 2026 Classic 350 Signature White edition

Business BureauBusiness

Royal Enfield has introduced the 2026 Classic 350 ‘Signature White’ edition in India, adding new rider-focused features and visual updates to one of its established mid-size motorcycle offerings. The company, which describes itself as a global leader in the 250cc–750cc motorcycle segment, said the new variant is aimed at making everyday and long-distance riding more effortless. The Signature White edition comes with premium brown touring seats for both rider and pillion. It also features a new Classic logo unit on the side panel, a stencil-style decal on the fuel tank and Royal Enfield badges on both sides. For improved riding…

22 Sep

PlatinumRx says Indian families may be overlooking the annual cost of chronic medicines

Business BureauBusiness

Indian families often do not track the cumulative cost of medicines taken for chronic conditions despite recurring monthly expenses, according to data shared by affordable chronic medications platform PlatinumRx. The company said a household spending ₹5,000 a month on medicines for conditions such as diabetes or hypertension could spend about ₹60,000 annually. PlatinumRx said its model of sourcing the same salt compositions directly from GMP-certified manufacturers and eliminating distributor and stockist markups can reduce medicine costs by up to 60%, potentially bringing a ₹5,000 monthly bill down to around ₹2,000. “Most families don't realise how much a chronic condition costs…

22 Sep

ICICI Prudential Life reports 99.31% claim settlement ratio in Q1-FY2027

Business BureauBusiness

ICICI Prudential Life Insurance reported a claim settlement ratio of 99.31% for the first quarter of FY2027, placing the company at the top among leading life insurers in India based on public disclosures through Form L-39 and L-40. The insurer settled individual death claims worth Rs.414.08 crore during the quarter. The company said its average value per claim stood at around Rs.15 lakh, which it described as the highest among leading life insurers for Q1-FY2027. Mr. Sarang Gokhale, Chief - Underwriting and Retail Claims, ICICI Prudential Life Insurance, said the company remained focused on making the claims process simple, seamless…

22 Sep

PhonePe Receives UAE Central Bank Approval for Two Payment Licences

nanikaBusiness

PhonePe has received in-principle approval from the UAE central bank for two licences covering retail payment services, card schemes and stored value facilities, marking a step toward the Indian fintech company's entry into the Gulf market. The Walmart-backed company said the approval followed initial regulatory due diligence, but it still requires final approval from the UAE central bank before beginning commercial operations. Once final clearance is secured, PhonePe said it plans to work with regional banks, licensed payment service providers and local technology vendors. Launched in 2016, PhonePe operates a digital payments platform that enables users to recharge, pay bills…

22 Sep

Turkish Airlines wins top European airline title for 11th time at 2026 Skytrax awards

Business BureauBusiness

Turkish Airlines has been named “Best Airline in Europe” for the 11th time at the 2026 Skytrax World Airline Awards, strengthening its position in the global aviation market. The awards, regarded as the ‘Oscars’ of the aviation industry, were presented at a ceremony in London on September 18. The airline also secured the “World’s Best Business Class Onboard Catering” award for the 10th time and “Best Airline in Southern Europe” for the 13th time. With five additional awards across Economy and Business Class categories in Europe and Southern Europe, Turkish Airlines received a total of eight accolades at the ceremony.…

21 Sep

Himani Best Choice unveils new identity, targets Rs 15,000 crore brand revenue

Business BureauBusiness

Himani Best Choice (HBC), the Rs 10,000-crore edible oil brand manufactured and marketed by Emami Agrotech Ltd, has unveiled a refreshed brand identity, packaging and marketing campaign as it targets brand revenues of Rs 15,000 crore over the next three to five years. The revamp features a new logo, contemporary colour palette, distinctive graphics and refreshed food imagery across its Soyabean, Palm, Sunflower and Kachchi Ghani Mustard Oil variants. The company said the new packs have also been standardised in line with Central Government guidelines across pouches, PET bottles, jars, tins and bulk containers. As part of its growth strategy,…

21 Sep

Ujjivan SFB unveils ‘Nothing Small About Us’ campaign featuring R. Madhavan

Business BureauBusiness

Ujjivan Small Finance Bank Limited (Ujjivan SFB) has launched its new brand campaign, ‘Nothing Small About Us’, featuring actor and Padma Shri awardee R. Madhavan as its Brand Ambassador. The campaign seeks to address customer perceptions associated with the word ‘Small’ and highlight the bank’s expanding scale, reach and range of financial services. Ujjivan SFB currently serves more than one crore customers through over 800 branches across 26 States and Union Territories. Its offerings span savings, deposits, lending, business banking, forex and NRI services, along with investment and wealth solutions. The bank’s loan portfolio caters to varied financial requirements, with…