Business News Northeast - Latest Business Northeast News & Updates

09 May

Canara Bank Q4 profit gain 28%, targets 11% loan growth

Business CorrespondentBusiness, News

Mumbai, May 9: State-owned Canara Bank on Thursday reported a 28 percent rise in its consolidated net profit to Rs 5,070 crore in the March quarter, driven by a reduction in provisions and a rise in non-core income.The public sector bank had reported a net profit of Rs 3,951 crore in the same period a year ago.Its post-tax profit in FY25 rose to Rs 17,540 crore from Rs 15,279 crore in FY24.Despite 11 percent loan growth, its core net interest income declined 1.44 per cent to Rs 9,442 crore in the quarter under review, while net interest margin declined 0.25…

08 May

Aluminium futures prices gain due to fresh deals

Business CorrespondentBusiness, News

New Delhi, Aluminium prices on Thursday rose by Rs 1.40 to Rs 231.50 per kg in the futures market due to fresh deals by speculators amid positive trend in the spot market.The price of aluminium contract for June delivery on the Multi Commodity Exchange rose by Rs 1.40 or 0.61 percent to Rs 231.50 per kg in a business of 697 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

08 May

Nissan Magnite fuels dreams as FY25 sales cross 99,000 units; Assam’s Tinsukia sees growing buzz

Business BureauBusiness

Nissan Motor India’s FY2024-25 journey has become a story of resilience, ambition, and consumer trust, with total sales soaring to 99,000+ units—the highest since FY2017-18. At the heart of this achievement is the New Nissan Magnite, launched in October 2024, which has captured hearts across India and beyond with its bold design, segment-first features, and affordability. Behind the numbers lies a growing wave of aspiration in places, where young professionals and first-time car buyers are flocking to showrooms. Local dealers report that the Magnite’s urban styling and fuel-efficient performance resonate deeply with buyers seeking both value and confidence. Even with…

08 May

Anchor Oral Care strengthens its presence in West Bengal by appointing Subhashree Ganguly brand ambassador

Business BureauBusiness

Anchor Oral Care, a prominent brand from Anchor Consumer Products, has made a strategic move to expand its presence in West Bengal by appointing celebrated actor Subhashree Ganguly as its brand ambassador. This decision underlines the company’s commitment to strengthening its position in the region, with West Bengal being a key market for the brand for several decades. To support this expansion, Anchor has launched two major campaigns in the state— "Laal. Kamaal. Bemisaal." and "Naye Zamane Ki Nayi Suraksha." These campaigns emphasize the brand's flagship product, Anchor Red Toothpaste, known for its 10 Ayurvedic benefits and its herbal composition.…

07 May

Innova HyCross Gets a Luxury Makeover: Exclusive Edition Unveiled

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has unveiled the Exclusive Edition of its InnovaHyCross in the ZX(O) grade, priced at Rs. 32,58,000/- ex-showroom. Available for a limited time, this special edition combines advanced design and premium features, offering a dual-tone exterior in Super White and Pearl White. The vehicle is equipped with black accents on the roof, front grill, and alloy wheels, along with interior enhancements such as a dual-tone instrument panel, new seat materials, and high-tech features like an air purifier and wireless charger. Since its debut in November 2022, the InnovaHyCross has become a preferred choice in the premium MPV…

07 May

Bank of Baroda’s fourth quarter profit inflation 3% to Rs 5,048 crore

Business CorrespondentBusiness, News

New Delhi, State-owned Bank of Baroda (BoB) on Tuesday reported a marginal 3 percent rise in net profit to Rs 5,048 crore for the March quarter of FY2025.The bank had posted a net profit of Rs 4,886 crore in the same period a year ago.During the quarter, the bank's total income rose to Rs 35,852 crore from Rs 33,775 crore a year ago, BoB said in a regulatory filing.The bank's interest income rose to Rs 30,642 crore from Rs 29,583 crore in the fourth quarter of the previous fiscal.However, net interest income (NII) in the quarter declined to Rs 11,020…

06 May

Shah Rukh Khan joins Harpic as brand ambassador, reinforces call for superior toilet hygiene

Business BureauBusiness

In a major brand endorsement move, Harpic, India’s leading toilet and bathroom cleaner, has announced Bollywood icon Shah Rukh Khan as its new brand ambassador. The collaboration kicks off with the launch of a new campaign titled “Harpic Hai Na”, underscoring Harpic’s promise of superior hygiene^, faster cleaning, and long-lasting freshness across Indian homes. Trusted by over 100 million households~, Harpic has long stood as a pillar in home sanitation. The campaign with Shah Rukh Khan aims to drive a behavioral shift among consumers, urging them to move away from ineffective detergent use and choose scientifically formulated toilet cleaning solutions…

06 May

Azad Engineering share price upsurge 7.7% on ₹452 crore order from GE Vernova

Business CorrespondentBusiness, News

Shares of Azad Engineering jumped over 7% on Monday after it announced a major order from GE Vernova. The stock gained 7.7% on the NSE to close at ₹1,659 per share. Azad Engineering has signed a long-term supply agreement with GE Steam Power GmbH through its GE Vernova Power business based in Baden, Switzerland. The agreement is for the manufacture and supply of highly engineered and complex rotating and fixed airfoils for advanced nuclear, industrial and thermal power industries, meeting the global demand for GE Vernova in power generation and essential industries. This current phase of the contract, valued at…

05 May

Indian Bank’s fourth quarter profit gain 32 percent to Rs 2,956 crore

Business CorrespondentBusiness, News

New Delhi, State-owned Indian Bank on Saturday reported that its net profit for the March 2024-25 quarter rose 32 percent to Rs 2,956 crore, led by reduction in bad loans and rise in core income.The Chennai-based lender had reported a net profit of Rs 2,247 crore in the same period a year ago.During the quarter, the bank's total income rose to Rs 18,599 crore from Rs 16,887 crore a year ago, Indian Bank said in a regulatory filing.Interest income rose to Rs 15,856 crore from Rs 14,624 crore in the fourth quarter of the previous fiscal. Net interest income (NII)…

03 May

Toyota Kirloskar Motor strengthens road safety push, reaches over 10 lakh across India

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has reaffirmed its long-term commitment to road safety in India, announcing that its structured awareness and innovation-driven initiatives have impacted over 10 lakh individuals across the country. Central to this effort is the Toyota Safety Education Program (TSEP), launched in 2007, which targets school children from classes 5 to 9 under the theme “Road Safety – My Right, My Responsibility.” TSEP, driven by a three-phase model and active in cities like Bangalore, Delhi, and Mumbai, has reached nearly 9.3 lakh students through road safety skits, poster competitions, and school clubs. Over 1,600 educators have been trained…