Business News Northeast - Latest Business Northeast News & Updates

08 Apr

Gold prices decrease for second consecutive session, down ₹1,550 to ₹91,450/10 gram on trade war fears; silver prices fall ₹3,000

Business CorrespondentBusiness, News

Domestic gold prices fell by ₹1,550 to ₹91,450 per 10 gram (24 carat, 99% purity) in the national capital on Monday, falling for the second consecutive session amid continued selling by jewellers and investors amid weak global trends, All India Sarafa Association reported. Gold of 99.5% purity (22 carat) closed at ₹91,000 per 10 gram on Monday, April 7. On Friday, gold prices closed at ₹93,000 per 10 gram (24 carat) and ₹92,550 (22 carat).Silver prices also declined on Monday, continuing its decline for the fifth consecutive session, falling by Rs 3,000 to Rs 92,500 per kg. Silver prices closed…

07 Apr

Byatikram Group successfully hosts Education Conclave 2.0, strengthens Agartala’s position in India’s academic landscape

Business BureauBusiness

The Byatikram Education Conclave 2.0, organized by Byatikram Group, concluded on a high note at Hotel Polo Towers, Agartala, Tripura. The conclave brought together prominent educational institutions, academic leaders, Govt. officials, bureaucrats, industry experts, and aspiring students from across the region for a day of impactful dialogue and knowledge exchange. The event saw the enthusiastic participation of several reputed institutions, including JIS Group, Techno India University Tripura, NEPNI Group of Institutions, NERIM Group of Institutes, GT Institute, Only Chef, SIHM, Aspiring Life, Tripura University, School of Science, National Law University Tripura, and many others. With a focus on connecting educational…

07 Apr

Ujjivan SFB reports robust Q4 FY25 performance with surge in deposits and disbursements

Business BureauBusiness

Ujjivan Small Finance Bank (Ujjivan SFB) has reported a strong financial performance for the quarter ended March 31, 2025, with total deposits climbing 19.6% year-on-year (YoY) to ₹37,617 crore. On a sequential basis, deposits rose 9.1%, while the CASA (Current Account Savings Account) balance grew 15.3% YoY to ₹9,611 crore, reflecting improved customer trust and a healthy CASA ratio of 25.6%. The gross loan book witnessed a 7.9% YoY increase, reaching ₹32,122 crore, driven by robust growth in affordable housing (48.4%), MSME (44.8%), and FIG (60.9%) segments. While micro group loans continued to decline, the bank made significant strides in…

07 Apr

Polycab India launches its new ‘Super ROI’ range of fans

Business BureauBusiness

Polycab India has launched its Super ROI range of fans powered by BLDC (Brushless Direct Current) technology. This development is timely, aligning with policy thrusts under the government’s push for energy-efficient consumer appliances and Make in India manufacturing. With energy costs climbing and 61% of consumers prioritizing efficiency, the Super ROI fans offer up to 50% electricity savings and 25% higher air delivery in select models. These fans feature 100% copper winding motors, reverse rotation for winter utility, and over 30 aesthetic colour options, combining technology, comfort, and design. A four-year warranty ensures added consumer assurance. Polycab has invested heavily…

07 Apr

ONGC, Oil India shares decay to 8% – Key factors explained

Business CorrespondentBusiness, News

Shares of state-run oil explorers Oil India Ltd and Oil and Natural Gas Corporation Ltd (ONGC) fell up to 8% on Friday, April 4, following a massive drop in crude oil prices overnight.Both Brent and WTI crude declined nearly 7% on Thursday. While WTI fell towards the $66 per barrel mark, Brent prices dropped to $70 per barrel.This drop in Brent crude was caused by the Organization of Petroleum Exporting Countries (OPEC+) announcing an unexpected, larger-than-expected production hike. While OPEC+ had planned to raise production by 1.38 million barrels per day in May, they announced a 4.11 million barrel per…

05 Apr

Here are four reasons why HDFC Bank share price inflation 2.6% after its fourth quarter update:

Business CorrespondentBusiness, News

HDFC Bank share price rose 2.6% to hit an intra-day high of Rs 1,841.95. It is the top gainer on the Nifty 50. The surge in share price came after the company reported its business update about the fourth quarter of FY25. HDFC Bank: Deposit growth jumps 14% in Q4The country’s largest private sector lender reported that its deposits grew 14.1% year-on-year in the fourth quarter of FY25, rising 5.9% on a sequential basis to Rs 27.15 lakh crore. Its gross advances grew 5.4% year-on-year and 4% on a quarter-on-quarter basis to Rs 26.44 lakh crore. HDFC Bank: Credit outlook…

04 Apr

Toyota showcases Urban Cruiser Taisor in test drive at Itanagar

Business BureauBusiness

Toyota Kirloskar Motor (TKM) today conducted a special test drive of its Urban Cruiser Taisor in Itanagar, offering a firsthand experience of the dynamic SUV to prospective customers and automobile enthusiasts in the region. The Urban Cruiser Taisor stands out with its bold aerodynamic design, sleek roofline, twin LED DRLs, premium chrome-finished grille, 16” machined alloy wheels, and connected LED rear lamps. With engine options including a 1.0L Turbo, 1.2L Petrol, and E-CNG variant, the vehicle promises a balance of performance and fuel efficiency—offering up to 28.5 km/kg for the CNG variant. Inside, the SUV features a dual-tone dashboard, premium…

04 Apr

Bank of Baroda shares inflation, global turnover rises over 11% to ₹27 lakh crore in March quarter

Business CorrespondentBusiness, News

Bank of Baroda updated its March quarter turnover for the 2024-25 financial year (Q4FY25) on Thursday, April 3. The public sector bank's global turnover rose 11.44% to ₹27.03 lakh crore as of March 31, 2025, from ₹24.25 lakh crore in the same period a year ago. Bank of Baroda shares jumped 3.02% to hit an intra-day high of ₹238.50 per share on the National Stock Exchange (NSE) on Thursday. Its global advances stood at ₹12.31 lakh crore, a 12.88% year-on-year rise from ₹11.73 lakh crore in Q4FY24. Meanwhile, its domestic advances grew 13.70% to ₹12.31 lakh crore from ₹8.98 lakh…

03 Apr

Halder Venture expands to bring high-quality edibble oils to consumers

Business BureauBusiness

Consumers in Eastern India can soon expect better access to high-quality edible oils as Halder Venture Limited (HVL) expands its operations with the acquisition of KS Oil Ltd’s manufacturing unit in Haldia. The deal, approved by the National Company Law Appellate Tribunal (NCLAT) on March 20, 2025, was finalized on March 28, 2025, strengthening HVL’s ability to meet growing consumer demand. The new facility features a 500 TPD (tonnes per day) edible oil refinery—five times HVL’s current capacity—along with a modern packaging unit and 33,000 MT storage tanks. Direct access to Haldia Port will allow HVL to source imported crude…

03 Apr

Kalyan Jewellers shares jump 13%, gain touches 26% in 3 weeks

Business CorrespondentBusiness, News

Kalyan Jewellers share price rallied over 13 percent in heavy trading on Wednesday, extending gains to 26 percent in the last three weeks. Fresh buying was also witnessed as gold hit a new all-time high, touching close to Rs 91,000 per 10 gram. Shares of Kalyan Jewellers India rallied 13.18 percent to hit a high of Rs 518.4 per share on the NSE. The stock pared some of its gains and closed at Rs 512.8 per share, up 11.95 per cent. The stock has rebounded after three consecutive days of decline. A total of 3.8 crore shares of Kalyan Jewellers…