Business News Northeast - Latest Business Northeast News & Updates

12 Apr

IIFL Finance to raise Rs 500 crore via bonds offering up to 10.25% interest

Business BureauBusiness

IIFL Finance Limited, a leading NBFC, announced a public issue of secured, redeemable non-convertible debentures (NCDs) to raise up to ₹500 crore, with an attractive coupon of up to 10.25% per annum. The issue opens on April 7 and closes on April 23, 2025, with an option for early closure. Proceeds will be used for onward lending, financing, and general corporate purposes. The NCDs are rated “Crisil AA/Stable” and “[ICRA] AA (Stable),” signifying high safety and low credit risk. Investors can choose from tenors of 15, 24, 36, and 60 months, with monthly, annual, or cumulative interest payment options. The…

12 Apr

India’s vegetable oil imports decline 16% in March

Business CorrespondentBusiness, News

New Delhi, India's vegetable oil imports fell 16 percent to 9.98 lakh tonnes in March due to a sharp drop in crude sunflower oil shipments, according to industry data.In a statement on Friday, the Solvent Extractors Association of India (SEA) said imports of vegetable oils (edible and non-edible) declined to 9,98,344 tonnes in March 2025 from 11,82,152 tonnes in the same month last year.Edible oil imports declined to 9,70,602 tonnes in March 2025 from 11,49,681 tonnes in the same period a year ago. Imports of crude sunflower oil declined to 1,90,645 tonnes last month from 4,45,723 tonnes in March 2024.Arrivals…

11 Apr

Silver futures inflation by Rs 1,216 to Rs 92,811 per kg

Business CorrespondentBusiness, News

New Delhi, Apr 11: Silver prices rose by Rs 1,216 to Rs 92,811 per kg in futures trade on Friday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 1,216, or 1.33 percent, to Rs 92,811 per kg in a business turnover of 19,617 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 1.99 percent higher at $31.37 an ounce in New York.

10 Apr

IDBI Bank shares inflation after DIPAM secretary says divestment progress is on track

Business CorrespondentBusiness, News

DIPAM secretary Arunish Chawla said the long-awaited IDBI Bank divestment by the government is progressing rapidly, with several key steps being taken. IDBI Bank shares rallied over 3 per cent on April 9. Speaking to CNBC-TV18 earlier this week, Chawla described the 'multi-stage' process as 'quite complex' involving multiple work-streams running in parallel. "The virtual data room is active, all queries are being answered, we are negotiating the shareholders' agreement, and we have already appointed an asset valuer," Chawla said, adding, "Everything is moving like a parallel computer." The DIPAM secretary refrained from giving any specific timelines, but indicated that…

09 Apr

Experience Elevated Mobility: Urban Cruiser Hyryder Introduces Cutting-Edge Enhancements

Business BureauBusiness

In a move aimed at enhancing everyday driving for Indian families, Toyota Kirloskar Motor (TKM) has introduced a thoughtfully upgraded version of its Urban Cruiser Hyryder. Designed with inputs from customers across the country, the revamped SUV focuses on advanced safety, comfort, and convenience, making daily commutes smoother and safer. A major highlight is the inclusion of six airbags as standard across all variants, along with structural safety enhancements and an electronic parking brake in select automatic versions. Performance sees a boost with the new 6-speed automatic transmission replacing the earlier 5-speed manual in the AWD variant. For families and…

09 Apr

AWL Agri Business Ltd. Launches Alife Gondhoraj & Neem soap in West Bengal to streng then personal care portfolio

Business BureauBusiness

AWL Agri Business Ltd. (formerly AdaniWilmar Ltd.), a leading player in India’s food and FMCG sector, has announced the launch of AlifeGondhoraj&Neem Soap in West Bengal. This new variant blends the refreshing zest of Gondhoraj lime—widely known as the ‘King of Limes’—with the purifying properties of neem, reinforcing the brand’s commitment to nature-inspired and regionally relevant personal care solutions. “This product is a tribute to Bengal’s affinity for traditional beauty rituals. With Gondhoraj and neem, we aim to offer a product that is both culturally significant and skin-friendly,” said Mukesh Mishra, Senior Vice President – Sales & Marketing, AWL Agri…

09 Apr

Adani Group shares inflation after huge fall

Business CorrespondentBusiness, News

New Delhi, Shares of all 11 listed companies of Adani Group rose on Tuesday. All these companies remained in a strong position, recovering from the previous day's fall amid improvement in the stock market.Shares of Adani Enterprises rose 3.27 percent, Adani Total Gas 3.27 percent, Adani Energy Solutions 3.23 percent and Ambuja Cements 2.53 percent on BSE.ACC shares rose 2.32 percent, Adani Wilmar 2.24 percent, Adani Ports 1.72 percent, Sanghi Industries 1.62 percent, NDTV 1.06 percent, Adani Power 0.54 percent and Adani Green Energy 0.30 percent.The combined market valuation of all 11 companies stood at Rs 12,18,530 crore. Stock markets…

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…