Business News Northeast - Latest Business Northeast News & Updates

29 Oct

Apraava Energy’s solar mission brings new hope to 21,000 lives in Northeast India

Business BureauBusiness

In a meaningful step towards empowering lives sustainably in Northeast India, Apraava Energy, India’s leading integrated energy solutions providers, has partnered with SELCO Foundation to power community, health and education facilities in Assam and Nagaland through solar installations. These interventions aim to provide sustainable and reliable energy in the villages, positively impacting over 21,000 lives. The installations are expected to save ~57 tonnes of CO₂ annually, equivalent to planting about 2580 trees per year. In Assam’s Chirang district, a 27.5 kW solar-powered community facility is supporting a range of development initiatives focused on health, livelihoods, education, and youth engagement. The…

29 Oct

Low-Risk Investment Option: Axis Mutual Fund Launches Axis Income Plus Arbitrage Passive FOF

Business BureauBusiness

Axis Mutual Fund, one of India’s leading asset management companies, has announced the launch of the Axis Income Plus Arbitrage Passive FOF, an innovative open-ended scheme designed to offer investors a blend of stability, predictability, and tax efficiency. The New Fund Offer (NFO) will open for subscription on Oct 28, 2025, and close on Nov 11, 2025. The fund is managed by Devang Shah (Head – Fixed Income), Aditya Pagaria (Senior Fund Manager), Hardik Satra (Senior Fund Manager), and Karthik Kumar (Fund Manager). This new offering is tailored for investors seeking to optimize their post-tax returns while maintaining a conservative…

28 Oct

Yas Island partners with Netflix to launch “Stranger Things: The Experience” in the Middle East from November 14

Business BureauBusiness

Yas Island Abu Dhabi is gearing up for a major entertainment milestone with the launch of “Stranger Things: The Experience” on November 14, marking the first time the immersive attraction will arrive in the Middle East. The initiative, inspired by Netflix’s global hit series, is expected to significantly enhance Yas Island’s tourism and leisure portfolio. Developed in collaboration with some of the world’s leading entertainment brands, the experience will take visitors through the fictional town of Hawkins, Indiana—featuring live actors, interactive storytelling, and cinematic special effects. Guests will move through signature scenes like Hawkins Lab and the Upside Down, ending…

28 Oct

Nestlé India reports record Rs 5,411 crore domestic sales in Q2 FY26, driven by volume-led growth

Business BureauBusiness

Nestlé India has reported a strong double-digit, volume-led growth in the second quarter of FY2025-26, with total sales reaching ₹5,630.2 crore and domestic sales hitting an all-time high of ₹5,411 crore. The company’s EBITDA stood at 22% of sales, while profit after tax came in at ₹753.2 crore. Chairman and Managing Director Manish Tiwary attributed the robust performance to strong momentum across three of four product categories, including confectionery, beverages, and prepared dishes. “Domestic sales grew at a double-digit rate led by volume growth, with KITKAT emerging as the largest growth driver,” he said, adding that the recent GST rate…

28 Oct

Hyatt unveils new ‘World of Hyatt’ campaign in India with Karisma Kapoor, showcase loyalty and personalized care

Business BureauBusiness

Hyatt Hotels has unveiled its new World of Hyatt campaign in India, featuring Bollywood actor Karisma Kapoor as the face of the initiative. Rooted in Hyatt’s purpose of caring for people so they can be their best, the campaign highlights the brand’s commitment to meaningful hospitality, where loyalty, recognition, and personal connection define every guest experience. Through this collaboration, Hyatt invites travelers to become part of the World of Hyatt loyalty program, which offers members tangible benefits from their very first stay — including redeemable points for complimentary nights, upgrades, and exclusive experiences. The campaign aims to connect deeply with…

28 Oct

Amrita’s Mizoram STI Hub opens new facility, bring innovative products to local consumers

Business BureauBusiness

The inauguration of the new Science, Technology & Innovation (STI) Hub at Mizoram University by Amrita Vishwa Vidyapeetham, in partnership with Mizoram University and the Department of Science and Technology (DST), represents a significant step in leveraging technology for rural economic development. The facility provides dedicated laboratories, training spaces, and innovation centers designed to address the state’s unique geographical and socio-economic challenges. Since its inception two years ago, the hub has benefited over 9,000 residents, with more than 70% of beneficiaries being women. Programs in food processing, bamboo craft innovation, digital literacy, and health awareness have fostered grassroots entrepreneurship and…

27 Oct

Kotak Mahindra Bank Q2FY26 profit at Rs 4,468 crore; strong growth in assets and deposits

Business BureauBusiness

Kotak Mahindra Bank Ltd. on Saturday reported a consolidated profit after tax (PAT) of ₹4,468 crore for Q2FY26, compared to ₹5,044 crore in Q2FY25. The bank’s standalone PAT stood at ₹3,253 crore against ₹3,344 crore a year earlier. Consolidated customer assets, including advances and credit substitutes, rose 13% year-on-year to ₹5,76,339 crore as of September 30, 2025. Total assets under management (AUM) grew 12% YoY to ₹7,60,598 crore, with domestic mutual fund equity AUM up 14% to ₹3,62,694 crore. The bank’s consolidated net worth reached ₹1,67,935 crore, while book value per share rose 14% YoY to ₹844. The capital adequacy…

27 Oct

RBI Approves Reappointment of C S Rajan as Part-Time Chairman of Kotak Mahindra Bank

Business BureauBusiness

Kotak Mahindra Bank Limited (KMBL) announced on Friday that the Reserve Bank of India (RBI) has approved the reappointment of Mr. C S Rajan as Part-Time Chairman for a term spanning January 1, 2026, to October 21, 2027, under Section 10(B)(1A)(i) of the Banking Regulation Act, 1949. Mr. Rajan, an Independent Director on the bank’s board since October 2022, has served as Part-Time Chairman since January 2024. With 46 years of experience in public administration, infrastructure, agriculture, and finance, including his tenure as Chief Secretary of Rajasthan and leadership roles at IL&FS, Mr. Rajan brings strategic depth to Kotak’s governance.…

27 Oct

Tata AIA launches ‘Shubh Family Protect’ to provide immediate and long-term financial security

Business BureauBusiness

Tata AIA Life Insurance Co. Ltd. (Tata AIA) has officially launched Shubh Family Protect, a unique term insurance plan offering an immediate lump-sum payout along with a monthly income for up to 30 years. The plan is aimed at providing holistic financial protection to families, combining short-term relief with long-term stability. Commenting on the launch, Amit Dave, Chief Distribution Officer - Proprietary Business and Allied Channels, Tata AIA Life Insurance, said, “At Tata AIA, we believe in providing more than just financial protection—we believe in making sure that families are supported through every stage of life. Shubh Family Protect is…

27 Oct

Cognizant named title sponsor of 2026 New Delhi Marathon

Business BureauBusiness

Cognizant (NASDAQ: CTSH) has been announced as the title sponsor of the 2026 edition of the New Delhi Marathon, India’s premier AIMS-certified national marathon, set for February 22, 2026. The partnership marks a significant milestone, aligning the global technology and professional services company with one of Asia’s most credible long-distance running events. Celebrating its 11th edition, the marathon has become a symbol of national pride, drawing over 30,000 runners in past editions, including elite athletes, corporate teams, defence personnel, and recreational runners. Participants will compete across multiple categories — Marathon, Half Marathon, 10K, and 5K — highlighting inclusivity for all…