News

09 May

Canara Bank Q4 profit increase 28%, targets 11% loan growth

Priyanka RoyBusiness, 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 jump due to fresh deals

Priyanka RoyBusiness, 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 India’s FY25 sales surge to 99,000+ units, signalling resilient growth amid industry headwinds

Business BureauBusiness

Nissan Motor India’s performance in FY2024-25 marks a significant recovery trajectory, with consolidated sales breaching the 99,000-unit mark—its highest since FY2017-18—indicating a robust 35% year-on-year growth. This recovery is attributed to the strategic success of the New Nissan Magnite, whose appeal in both domestic and export markets has defied the broader slowdown in the internal combustion engine (ICE) passenger vehicle segment. Domestic sales stood at over 28,000 units, while exports surged to 71,000+ units across 65+ countries under the company’s “One Car, One World” strategy. Notably, left-hand-drive (LHD) market penetration, including Saudi Arabia, reflects Nissan India’s evolution as a key…

08 May

Tripura’s 8 districts participate in nationwide disaster preparedness exercise

Sonakshi SarkarTripura

In a bid to strengthen disaster and emergency response capabilities, a large-scale civil defence mock drill was conducted across Tripura on Wednesday. The exercise in Agartala took place at Umakanta English Medium School Ground under the West District administration. The drill was part of a nationwide initiative rolled out after a high-level meeting involving District Magistrates and Chief Secretaries. A total of 244 locations across India were selected for the exercise, with all eight districts of Tripura participating using trained civil defence volunteers. West District Magistrate Dr. Vishal Kumar said, “This drill aimed to assess coordinated action among various agencies…

08 May

Mizoram hosts national AI workshop to empower tribal economies

Sonakshi SarkarMizoram

A two-day national workshop focusing on artificial intelligence (AI) for financial empowerment in tribal and remote areas began today at Mizoram University. The event seeks to promote technology-led economic inclusion and enhance access to financial services through AI innovation. Organised by the Department of Science and Technology (DST), Mizoram University, and IIT Bhilai’s Innovation and Bio-Inspired Technology Foundation (IBITF), the workshop brings together researchers, government officials, and industry leaders. Eleven AI-driven financial technology projects are currently active in Mizoram—six at Mizoram University and five at NIT Mizoram—as part of DST’s Tribal Area Sub Plan Scheme, under the technical guidance of…

08 May

Vol. No. 03 issue – 04 -NEBM

nebmJournal

07 May

Tech Giants Face New AI Regulations in the European Union

MohiniInternational

The European Union has passed its first major legislation regulating artificial intelligence. Known as the AI Act, the law classifies AI systems by risk level and imposes strict rules on high-risk applications in healthcare, education, and law enforcement. Companies like Google and Meta are required to comply with transparency standards and ensure their algorithms do not discriminate or harm users. The EU says the act aims to safeguard human rights while supporting innovation. Countries like India and Bangladesh—where AI adoption is rising—are watching closely as they draft their own AI governance frameworks.

07 May

Tripura disburses ₹79.88 crore flood relief to over 2.13 lakh farmers

Sonakshi SarkarTripura

The Tripura government on Tuesday disbursed ₹79.88 crore as direct benefit assistance to over 2.13 lakh farmers affected by the floods of August 2024. The aid, provided under the National Disaster Response Fund (NDRF), covers 45 agricultural subdivisions across the state. Officials said the remaining three subdivisions—Ampi, Karbook, and Amarpur—will receive their share shortly. At the official distribution event, Agriculture Minister Ratan Lal Nath reiterated the state’s goal to achieve full food grain self-sufficiency within the next three to four years. “Farmers are our breadwinners. We are committed to adopting scientific and modern farming practices to close the production gap,”…

07 May

Aizawl to hold major civil defence drill on May 7

Sonakshi SarkarMizoram

In line with a nationwide emergency preparedness initiative by the Ministry of Home Affairs, Aizawl will conduct a major civil defence mock drill on May 7 to enhance disaster response capabilities among citizens and institutions. The drill is scheduled to begin at 11:00 am, covering the area between Civil Hospital Aizawl and the All India Radio Station in Tuikhuahtlang. A warning siren from the Deputy Commissioner’s Office will signal the start of a simulated air raid scenario. In a special evening session, authorities will sound a second siren at 6:30 pm, after which the entire city will observe a five-minute…

07 May

Toyota’s Innova HyCross Exclusive Edition: Style Meets Substance

Business BureauBusiness

Toyota Kirloskar Motor (TKM) has unveiled the Exclusive Edition of its popular InnovaHyCross, available in the ZX(O) grade. This special edition, priced at Rs. 32,58,000/- ex-showroom, is designed to offer a dynamic presence with its refreshed styling and dual-tone accents. The limited edition will be available in two color options – Super White and Pearl White – and is available until July 2025. The Exclusive Edition enhances the InnovaHyCross with both exterior and interior upgrades, including black elements on the roof, front grille, and alloy wheels, alongside a sleek front and rear under run. The interior boasts dual-tone details with…