Business News Northeast - Latest Business Northeast News & Updates

26 Oct

The BSE Sensex and Nifty 50 – fell further on the last trading day of the week

Tanupriya0 CommentsBusiness

sensex drops 1,823 points this week; stock markets crash today, market falls: on the last trading day of the week of october 25, the indian benchmark indexes, the bse sensex and nifty 50, fell even further. The ongoing selling by foreign institutional and portfolio investors (fiis/fpis) on related fears is what caused today's market meltdown. Indian stocks are worth a lot, and economies like china provide more affordable possibilities. On friday, october 25, the bse sensex lost 927 points to an intraday low of 79,138, while the nifty 50 fell 325.5 points to 24,074, bringing the bse sensex down 1,822.7…

26 Oct

Indusind Bank Q2 earnings: Net profit slump 40%, provisions rise

Priyanka Roy0 CommentsBusiness, News

The earnings were announced after the market opened. The stock closed steady at Rs 1278.90 on BSE. The market capitalisation of the lender stood at Rs 99,625 crore.Private sector lender Indusind Bank on Thursday reported a 40 per cent drop in net profit for the September 2024 quarter. Profit declined to Rs 1,331 crore in the second quarter, lower than Street estimates. Profit was hit by a rise in provisions for bad loans in the previous quarter. In the September 2023 quarter, the lender reported a profit of Rs 2181 crore.Provisions and contingencies rose 87% to Rs 1,820 crore in…

25 Oct

Toyota rolls out Limited Festival Edition Rumion: A blend of elegance and comfort

Business Bureau0 CommentsBusiness

Making this festive season special for car buyers, Toyota Kirloskar Motor (TKM) has introduced the Festive Edition of the Toyota Rumion. This Limited-Edition, featuring exclusive Toyota Genuine Accessory (TGA) packages aimed at enhancing the Rumion's aesthetics and comfort is the perfect mobility choice to celebrate the season in elegance and style. This festive edition of the Rumion, available across all grades, comes with a dealer-fitted TGA package worth ₹20,608, ensuring that customers enjoy a premium experience. The Festival Limited Edition TGA package features Back Door Garnish, Mud Flaps, Rear Bumper Garnish, Deluxe Carpet Mat (RHD), Head Lamp Garnish, Number Plate…

25 Oct

BVFF announces dates for its 9th Edition

Business Bureau0 CommentsBusiness

Brahmaputra Valley Film Festival (BVFF) has announced the highly anticipated 9th edition, which is scheduled to take place from December 5th to December 8th, 2024, at Jyoti Chitraban Film Studio in Kahilipara, Guwahati. This year, the festival is set to captivate audiences with a vibrant selection of films, showcasing powerful stories from the Northeast region and beyond. With more than 220 film entries submitted this year, the festival will present a vibrant selection of films across both competitive and non-competitive sections, featuring categories such as feature films, documentaries, and short films. Over the years, BVFF has screened over 280+ films…

25 Oct

NTPC Q2 results: Profit may expansion 10-15%, sales growth likely to slow

Priyanka Roy0 CommentsBusiness, News

Sharekhan said NTPC's generation and sales will remain weak, but its net profit will grow 14.9 percent year-on-year with the increase in regulated equity.NTPC is expected to report double-digit growth in net profit on low single-digit growth in sales for the September quarter. Ebitda is seen growing by 13-15 percent, aided by recent capacity additions, higher consultancy and project management fees and plant load factor (PLF).Kotak Institutional Equities witnessed weak output, declining 6 percent YoY due to unfavourable base, but healthy growth in PAT reflecting growth in regulated equities - up 9 percent. Reported PAT in Q2FY24, which would include…

24 Oct

Tata Motors launches nationwide ‘Customer Care Mahotsav’ to boost after-sales services for commercial vehicles

Business Bureau0 CommentsBusiness

Tata Motors, India’s foremost commercial vehicle manufacturer, has launched its much-anticipated 'Customer Care Mahotsav 2024.' Running from October 23 to December 24, this extensive program is designed to enhance the after-sales experience for commercial vehicle owners across the country. Through over 2,500 authorized service outlets, the initiative offers vehicle check-ups, driver training, and an array of value-added services under the company’s Sampoorna Seva 2.0 initiative. Fleet owners can benefit from comprehensive vehicle inspections, while drivers receive expert training in safe and fuel-efficient driving practices. “The Mahotsav represents our unwavering commitment to deliver superior service to our customers,” said Mr. Girish…

24 Oct

ITC Mangaldeep excited to launch elegant festive giftboxes

Business Bureau0 CommentsBusiness

ITC Mangaldeep, one of India’s leading incense brands, is excited to unveil its new premium range of giftboxes, marking its foray into the luxury gifting segment just in time for the festive season. With India preparing to celebrate in the radiant glow of joy and devotion, each exquisite giftbox is crafted to elevate festive traditions and create a niche in the art of premium gifting. Featuring the Mangal Morning Giftbox, Temple Treasures Giftbox, and an exclusive Diwali Giftbox, these luxurious offerings are the perfect way to enhance family celebrations and honor the cherished tradition of gifting in Indian culture, making…

24 Oct

SBI Life Q2 profit rose 39% to Rs 529 crore

Priyanka Roy0 CommentsBusiness, News

SBI Life Insurance has reported an impressive 39% growth in consolidated net profit in Q2 FY25 to Rs 529 crore from Rs 380 crore in the same quarter last year. This growth reflects the strong financial performance of the company in the competitive insurance market.Despite the rise in profits, net premium income grew a marginal 1%, standing at ₹20,266 crore for the July-September 2024 period.First year premium income witnessed a growth of 6%, rising to Rs 4,915 crore from Rs 4,633 crore in the previous year.These results reflect SBI Life's continued growth in the insurance sector, driven by strategic premium…

23 Oct

PNB shares rise 1.63% as Sensex rises

Priyanka Roy0 CommentsBusiness, News

Shares of Punjab National Bank traded at Rs 96.5 on BSE at 01:33pm (IST) on Wednesday, up 1.63 per cent from its previous close.The 52-week low price of this stock was Rs 67.34 and the highest price was Rs 142.9.Earlier, the stock witnessed a rise in the morning.A total of 1,881,735 lakh shares were traded on the counter till 01:33 pm (IST).The market value of Punjab National Bank stock is Rs 111021.83 crore.The stock traded at a price-to-earnings (P/E) multiple of 9.43, while the price-to-book value ratio stood at 1.34. The return on equity (ROE) stood at 8.92 per cent,…

23 Oct

Digit Insurance and Maruti Suzuki drive insurance awareness campaign in Ranchi

Business Bureau0 CommentsBusiness

Go Digit General Insurance Limited (Digit Insurance) joined hands with Maruti Suzuki Insurance Broking Private Limited to organize an insurance awareness camp in Kanke, Ranchi, as part of the "Bima Prachaar aur Prasaar" campaign. The event aimed to educate rural communities about the importance of insurance, aligning with IRDAI’s goal of achieving "Insurance for all by 2047." Under the Rural Urban Social Outreach (RUSO) program and IRDAI’s Rural and Social Sector Obligations, Digit Insurance, the lead general insurer for Jharkhand, emphasized accessibility and inclusivity. Attendees at the camp learned about comprehensive insurance products, vehicle inspection services, and received complimentary health…