Business News Northeast - Latest Business Northeast News & Updates

14 May

Gold futures prices rose: Rs 694 rises to Rs 93,595 per 10 grams

Business CorrespondentBusiness, News

New Delhi, May 14: Gold prices on Tuesday rose by Rs 694 to Rs 93,595 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange rose by Rs 694, or 0.75 percent, to Rs 93,595 per 10 grams in a business turnover of 12,793 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.53 percent to $3,253.57 an ounce.

13 May

Reliance Power stock inflation 12.5% on fourth quarter profit

Business CorrespondentBusiness, News

New, Delhi: Reliance Power stock on Monday jumped over 12.50 percent after the company reported a net profit of Rs 126 crore in the January-March quarter of FY25.The stock gained 12.54 percent to Rs 43.50 on both Group and N units.Reliance Power on Friday reported an overall net profit of Rs 126 crore in the January-March quarter of FY25 on the back of lower expenses.The company had posted a loss of Rs 397.56 crore in the quarter ended March 31, 2024, as per a certificate filing.Total income in the fourth quarter stood at a record Rs 2,066 crore as against…

12 May

Aluminium futures prices marginally inflation: New deals push prices up

Business CorrespondentBusiness, News

New Delhi, May 12: Aluminium prices on Monday rose marginally by Rs 1 to Rs 235.40 per kg in the futures market as speculators created fresh deals amid a positive trend in the spot market.On the Multi Commodity Exchange, the price of aluminium contract for June delivery rose by Rs 1, or 0.43 percent, to Rs 235.40 per kg in a business turnover of 697 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

10 May

MCX Q4 profit inflation 54% to Rs 135 crore

Business CorrespondentBusiness, News

New Delhi, Multi Commodity Exchange of India Ltd (MCX) on Thursday reported a 54.15 percent rise in consolidated net profit to Rs 135.46 crore in the fourth quarter of FY 2024-25 on the back of rise in income.The company had reported a net profit of Rs 87.87 crore a year ago, it said in a regulatory filing.Total income during the March quarter of 2024-25 rose 60.68 per cent to Rs 320.49 crore from Rs 199.45 crore a year ago.Expenses rose to Rs 152.96 crore from Rs 92.96 crore in the said period.For the full year 2024-25, the company reported over…

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…