Business News Northeast - Latest Business Northeast News & Updates

19 May

Aluminium Futures inflation on Fresh Bets

Business CorrespondentBusiness, News

New Delhi, May 19 Aluminium prices on Monday rose marginally by Rs 1.25 to Rs 239.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.25 or 0.52 percent to Rs 239.10 per kg in 2,154 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

19 May

Security force deployment for Arunachal’s SUMP project sparks massive protests

Business BureauBusiness

The Indian government’s deployment of Central Armed Police Forces (CAPFs) in Arunachal Pradesh’s Upper Siang, Siang, and East Siang districts to support the Siang Upper Multipurpose Project (SUMP) has triggered widespread unrest. Three CAPF companies have been stationed at Geku, Uggeng, and Jengging in Upper Siang, with additional forces deployed in Yingkiong, Begging, Parong, Boleng, and Pasighat to assist the NHPC survey work. Thousands of locals from Geku, Parong, and Pasighat gathered in Parong village on December 15, 2024, demanding the immediate withdrawal of the paramilitary forces and suspension of the SUMP project. Protesters view the security deployment as an…

19 May

Medanta’s Healthcare expansion brings new hope and convenience to Northeast consumers

Business BureauBusiness

Medanta, one of India’s fastest-growing healthcare providers, has announced strong Q4 FY25 financial results, with revenue up 14% to INR 9,542 million and EBITDA rising 20% to INR 2,476 million. For the first time, Medanta is declaring a 25% dividend, rewarding its investors and signaling robust business health. Alongside financial growth, Medanta continues to expand its hospital network, including upcoming facilities in Noida, Mumbai, Pitampura, Ranchi, and Guwahati. For consumers in the Northeast this expansion means easier access to quality healthcare services that were once out of reach. Residents welcome the prospect of advanced medical care closer to home, reducing…

17 May

Samsung launches ‘Solve for Tomorrow 2025’ with Rs 1 crore grant to ignite Gen Z Innovation

Business BureauBusiness

Samsung India has launched the fourth edition of its flagship CSR initiative, Solve for Tomorrow 2025, aimed at empowering youth aged 14-22 to tackle real-world problems using technology. The initiative will offer over ₹1 crore in grants, with the top four teams receiving ₹1 crore for incubation at IIT Delhi. Additionally, the top 20 and top 40 teams will receive ₹20 lakh and ₹8 lakh respectively, along with latest Samsung gadgets. This year’s programme introduces global themes including Social Change through Sports, Tech for Education and Better Futures, and Environmental Sustainability via Technology. The competition runs for six months, with…

17 May

Oriflame’s ‘All or Nothing Amplified Parfum’ at Rs 5,799

Business BureauBusiness

Oriflame’s All or Nothing Amplified Parfum is a powerfully feminine amber floral fragrance designed to make a bold and unforgettable statement. This luxurious perfume opens with a vibrant burst of juicy Mandarin Oil, Pink Peppercorn, and Scentaurus® Juicy notes, creating an energizing and fresh top accord. At its heart lies the voluptuous Tuberose Absolute from India, expertly blended with daring Red Ginger Oil, adding an unexpected spicy kick that amplifies the floral richness. The fragrance settles into a warm, rich dry down featuring premium Patchouli Oil, a precious Amber accord, and creamy White Vanilla accord, delivering a seductive and long-lasting…

17 May

BHEL reports 3% jump in net profit for Q4FY25

Business CorrespondentBusiness, News

Shares of Bharat Heavy Electricals Ltd (BHEL) rose 2.45% after the company reported a 3% year-on-year rise in net profit to ₹504 crore. Besides, the board of directors also recommended a dividend of ₹0.50 per share. The company's consolidated revenue for the quarter rose 8.8% year-on-year to ₹8,993 crore for Q4FY25 compared to ₹8,260 crore. The power segment, which accounts for nearly 80% of the revenue, witnessed steady growth. While the industry segment saw a 33% rise in revenue, supporting the overall growth. On the operational front, earnings before interest, tax and depreciation grew 14.2% YoY to ₹831 crore compared…

16 May

Future Generali India Life Insurance Empowers Sikkim with Financial Literacy and Life Insurance Awareness

Business BureauBusiness

Marking Sikkim’s 50th statehood anniversary, Future Generali India Life Insurance (FGILI) has intensified its efforts to expand life insurance awareness across the state. As the lead life insurer appointed by the Insurance Regulatory and Development Authority of India (IRDAI), FGILI has reached lakhs of citizens through on-ground and digital campaigns, promoting financial literacy and the importance of life insurance. Through workshops, street plays, and localized meetings, FGILI has engaged deeply with indigenous communities, youth, taxi unions, police officers, and dairy farmers to address the state’s historically low insurance penetration. The outreach emphasized government-backed schemes alongside FGILI’s tailored insurance solutions, aligning…

16 May

JSW Energy net profit inflation 16 percent to ₹408 crore in Q4

Business CorrespondentBusiness, News

JSW Energy on Thursday reported that its consolidated net profit in the March quarter rose 16 percent to ₹408 crore from a year ago, aided by the KSK Mahanadi thermal project and organic wind capacity addition. "Profit after tax grew 16 percent year-on-year, from ₹351 crore in Q4 FY24 (January-March 2024) to ₹408 crore in Q4 FY25, while cash PAT (profit after tax or net profit) grew 8 percent year-on-year, from ₹686 crore in Q4 FY24 to ₹744 crore in Q4 FY25," a company statement said. During the reporting quarter, total revenue grew 21% to ₹3,497 crore from ₹2,879 crore,…

15 May

Glucon-D’s ‘Energy Ka Gola’ boosts summer sales strategy, reaches 10,000+ kids across key Indian cities

Business BureauBusiness

Zydus Wellness has launched a strategic consumer engagement initiative, ‘Energy Ka Gola’, aimed at reinforcing Glucon-D’s market leadership in the glucose-based beverage segment during India’s fluctuating summer. The campaign is targeting over 10,000 children across Kolkata, Mumbai, Hyderabad, and Lucknow with the distribution of 700+ kgs of Glucon-D-infused ice golas in Orange, Mango, and Nimbu Pani flavours, served at 100+ playgrounds and stadiums. Positioned as a functional refreshment solution, the initiative addresses the need for instant energy and immune support among active children exposed to heat, humidity, and monsoon swings. Packed with glucose and Vitamin C, Glucon-D’s formulations are designed…

15 May

TCI’s fourth quarter profit inflation 11.4% to Rs 115.1 crore

Business CorrespondentBusiness, News

Mumbai, May 15 Multi-modal logistics operator Transport Corporation of India (TCI) on Wednesday reported its profit after tax for the March 2025 quarter stood at Rs 115.1 crore, up 11.4 percent over the same quarter last year.The company had reported a PAT (profit after tax) of Rs 103.3 crore in the fourth quarter of FY 2024.Consolidated revenue for the period under review grew 9.3 percent to Rs 1,197.2 crore from Rs 1,095.4 crore in the January-March period of FY 2023-24, TCI said in a statement.The company's earnings before interest, tax, depreciation and amortization (EBITDA) stood at Rs 140.1 crore as…