Business News Northeast - Latest Business Northeast News & Updates

15 Oct

Thalassemia, TB, asthma medicines prices likely to upgrade

Priyanka Roy0 CommentsBusiness, News

New Delhi: Prices of several essential medicines used in the treatment of ailments such as asthma, glaucoma, thalassemia, tuberculosis and mental health disorders are expected to rise with the government approving a 50% increase in their maximum price.About the reason behind this decision, the government said in a statement on Monday, “The National Pharmaceutical Pricing Authority (NPPA) had been receiving applications for price increase from manufacturers citing various reasons such as rising cost of active pharmaceutical ingredients, increase in production cost, change in exchange rates, and more, resulting in the unviability of continued production and marketing of medicines.Companies have also…

15 Oct

Pepperfry expands omnichannel reach with fifth store in Kolkata

Business Bureau0 CommentsBusiness

Pepperfry, a leading e-commerce furniture and home goods company, has expanded its presence in Kolkata with the launch of its fifth store in the city. Located on VIP Road, the 1,500 sq. ft. store is part of Pepperfry’s broader omnichannel strategy, which now includes over 150 stores across 100 cities nationwide. This new store is opened in collaboration with NERITA TECHCOM LLP and showcases a vast selection of furniture and home décor from 1,000+ brands. Kolkata has emerged as a significant market for Pepperfry, with a growing demand for premium home products. “We are delighted to strengthen our presence in…

15 Oct

Vi Business and Infinity Labs launch Make-in-India SD-WAN Solution to strengthen cybersecurity

Business Bureau0 CommentsBusiness

Vi Business, the enterprise arm of leading telecom operator Vi, has announced a strategic partnership with Infinity Labs Ltd to introduce a Make-in-India SD-WAN solution as part of its Hybrid SD-WAN portfolio. The collaboration enhances the portfolio by integrating advanced AI-based security features, offering Indian enterprises a robust defence against the growing threat of cyber-attacks and demonstrating Vi Business’s commitment to offering cutting-edge indigenous technology and nurturing innovation. Stronger security frameworks are crucial for any enterprise to thrive in a digital business environment. The partnership with Infinity Labs Ltd will further equip enterprises using Vi Business Hybrid SD-WAN with AI-powered…

14 Oct

HDFC Bank shares rise 2% ahead of Q2 results. What should investors do?

Priyanka Roy0 CommentsBusiness, News

Shares of HDFC Bank, the country's largest private lender, jumped over 2% in early trade as it prepares to announce its Q2 results on October 16. The stock was trading 2.11% higher at Rs 1,685 on the Bombay Stock Exchange (BSE), contributing significantly to the early inflation on Dalal Street. Investors are showing more interest in HDFC Bank shares, expecting a positive performance in the upcoming quarterly results.Brokerage firm Arihant Capital, which maintains a buy rating on the stock, said it is trading sideways after six days of decline. The firm predicted a "pullback rally" and highlighted that the momentum…

09 Oct

Hyundai Motor India Limited announces Initial Public Offering

Business Bureau0 CommentsBusiness

Hyundai Motor India Limited, part of Hyundai Motor Group, the world's third-largest auto manufacturer by passenger vehicle sales in 2023, plans to launch its initial public offering (IPO) on October 15, 2024, with a price range of Rs 1,865 to Rs 1,960 per share. The offering involves the sale of up to 142.19 million equity shares by the promoter, Hyundai Motor Company, with no proceeds going to the company. The IPO follows a book-building process with allocations for Qualified Institutional Buyers (QIBs), non-institutional investors, and retail investors. Shares will be listed on BSE and NSE, and the IPO will be…

09 Oct

Rupee rose 2 paise to 83.97 in early trade

Priyanka Roy0 CommentsBusiness, News

Foreign institutional investors (FIIs) were net sellers in the capital market on Friday, selling shares worth Rs 9,896.95 crore on a net basis in the cash segment, according to exchange data.The rupee rose by 2 paise to 83.97 against the US dollar in early trade on Monday due to weakening of the dollar in the international market and fall in crude oil prices.According to forex traders, the domestic currency got further boost as the country's foreign exchange reserves hit a new all-time high of USD 704.88 billion on Friday.However, he said escalation of conflict in the Middle East and FII…

09 Oct

With its latest campaign featuring ENO Chewy Bites ENO celebrates the spirit of Durga Puja

Business Bureau0 CommentsBusiness

As the festive season approaches, ENO, India's leading antacid brand, kick started its Durga puja campaign centred around its latest offering ENO Chewy Bites. Designed to tackle acidity on the go, the campaign ensures that people can fully enjoy the festive feasting without any interruptions. Durga Puja in Bengal is a cultural phenomenon where food and festivities go hand in hand. It's a time to indulge in both visual and culinary delights, bonding with loved ones while savouring the best of festive food. At the heart of this campaign is ENO's belief that food is a celebration, and no one…

09 Oct

Kingfisher Oktoberfest hosts India’s hoppiest festival in Bengaluru

Business Bureau0 CommentsBusiness

Kingfisher, India’s iconic beer brand from United Breweries, part of the HEINEKEN Company is set to redefine the world’s famous beer festival Oktoberfest in India. Aimed at a pan-India celebration, ‘Kingfisher Oktoberfest Fest – Mug It Up!’ spans across 40 cities, bringing the spirit of Oktoberfest originated in Germany, across key metros, Tier 1 and Tier 2 cities. Kingfisher Oktoberfest – Mug It Up! will be one of the biggest nationwide initiatives with a focus on modern and offline trade activations, with a series of uniquely curated consumer experiences across the country. The marquee event, Kingfisher OctoBeer Fest – India’s…

09 Oct

Amway India launches campaign to safeguard consumers and strengthen distributor network

Business Bureau0 CommentsBusiness

Demonstrating its unwavering commitment to safeguarding both consumer and distributor interest and wellbeing, Amway India, one of the leading companies supporting health and wellbeing, has initiated a robust awareness campaign to educate stakeholders on the unauthorized sale of its products. The comprehensive strategy involves efforts to educate stakeholders against the risks involved, enhance supply chain monitoring, stringent measures against the offenders, and targeted support sessions and resources for authorized distributors. The move reinforces Amway’s dedication to consumer protection by ensuring they get authentic Amway products and associated benefits when purchased through Amway distributors or the official Amway website only. Amway…

09 Oct

SBI General Insurance launches ‘SBIG Health Super Top-Up’ Policy

Business Bureau0 CommentsBusiness

SBI General Insurance, one of India's leading general insurance companies, has announced the launch of ‘SBIG Health Super Top-Up’, a health insurance top-up plan designed as an economical and affordable option supplementing over and above the basic health insurance policy. The product offers versatility for individuals seeking insurance to enhance their existing policy—by seamlessly complementing any existing health insurance policy from any provider, whether corporate or personal. It enables customers to customize their coverage to suit their specific needs, ensuring a convenient and hassle-free experience. The ‘SBIG Health Super Top-Up’ policy provides individuals with the assurance they need to confidently…