Business

09 Nov

INAUGURATION OF GAMMA CAMERA AND RADIOIODINE THERAPY UNIT AT HEALTHCITY HOSPITAL

Business BureauBusiness

Under the leadership of Dr. Himanta Biswa Sarma, the Honorable Chief Minister of Assam, the state has reached significant advancements in Health and Family Welfare, fostering public confidence in healthcare. Today, at Health City Hospital in Guwahati, Assam, Mr. Umesh Sarma, Managing Director of Aristo Pharmaceutical Pvt. Ltd formally inaugurated the Gamma Camera and Radioiodine therapy to healthcare of unit. In his speech he commended this North East India. as a major contribution progressive move devices in Camera, also known as a scintilation camera, is one of the most widely used t in nuclear medicin known as a scintilation camerartaneously…

09 Nov

The price of oil would have skyrocketed worldwide if we hadn’t imported from Russia

TanupriyaBUSINESS

India's oil minister stated that foreign oil prices "would have hit the roof" if the major importer had not purchased oil from Russia during the conflict in Ukraine, adding that pricing would dictate the country's oil supplier.Since Ukraine's invasion started in early 2022, India, the third-largest oil importer and consumer in the world, has emerged as the leading purchaser of cheap Russian seaborne oil that Western nations have avoided. Prior to then, India purchased very little oil from Russia, its longtime defense ally. New Delhi has frequently justified its imports from Russia, arguing that they are essential to controlling pricing…

09 Nov

IndiGo boosts Northeast connectivity with eight new winter flights

Business BureauBusiness

IndiGo has announced eight new flights in its winter schedule, aimed at enhancing accessibility across Northeast India. The schedule introduces tri-weekly flights connecting Agartala to Dibrugarh, starting October 29, 2024, and daily flights linking Guwahati to both Dimapur and Ahmedabad from December 10. The Kolkata-Bangkok route will also increase to four flights weekly, beginning November 24, 2024, catering to the high demand for international travel. According to IndiGo’s Head of Global Sales, Vinay Malhotra, these flights are part of the airline's ongoing commitment to strengthening regional connectivity. “This winter expansion will foster economic growth, tourism, and cultural exchange while maintaining…

09 Nov

Inflation in India will inflation to 5.81% due to rising food prices

Priyanka RoyBusiness, News

BENGALURU, Nov 8 (Reuters) - A Reuters survey of economists estimated consumer price inflation in India rose to a 14-month high of 5.81% in October, mainly driven by a jump in vegetable and edible oil prices, slightly below the central bank’s tolerable threshold of 6.0%.Prices of food items, which make up nearly half of the inflation basket, likely rose more sharply last month. Tomatoes, a staple ingredient in every Indian kitchen, are expected to see double-digit price growth as uneven rains have disrupted production.The government's decision to hike import duty on edible oils by 20 per cent in mid-September also…

08 Nov

Deloitte India launches Enterprise Growth Awards 2024 to spotlight regional business leaders

Business BureauBusiness

Deloitte India has introduced the Enterprise Growth Awards 2024 (EGA 2024), a new initiative aimed at celebrating excellence among family-owned businesses, unicorns, and soonicorns across India’s North, South, East, and West regions. The awards seek to honor companies making significant strides in leadership, growth, and social impact within their local markets. The EGA 2024 invites family-owned businesses with annual turnovers between INR 1,000 crore and INR 5,000 crore, provided they have a minimum 26% promoter ownership. Startups valued between US$500 million and US$1 billion are also eligible. The selection process will review applicants based on financial performance, community contributions, and…

08 Nov

HDFC Bank inflation MCLR rates for select periods

Priyanka RoyBusiness, News

HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) for select short-term tenors, effective November 7, 2024. The revision, which sees an expansion of up to 5 basis points (bps), is applicable across overnight, 1-month, and 3-year tenors.After this inflation, the overnight MCLR has flourish from 9.10% to 9.15%, while the one-month MCLR has jump from 9.15% to 9.20%. At the same time, the 3-year MCLR has inflation from 9.45% to 9.50%.There is no change in rates for periods other than these three periods.The three-month MCLR remains at 9.30%, while the six-month and one-year MCLR are both…

06 Nov

New Shillong to host modern industrial zones for economic growth

TanupriyaBusiness, Meghalaya, North Eastshillong

In a significant move, the state cabinet on Tuesday changed the Meghalaya construction regulations to allow for the creation of industrial zones in the township of New Shillong. Speaking to the media after the cabinet meeting, Tourism Minister Paul Lyngdoh stated that the amendment's goal is to classify the industrial zones in the New Shillong township. The objective behind this move is to regulate the construction of the buildings in the industrial zones of Mawhanu and Mawkasiang under the newly formed Shillong township area. “The amendment is broadly to facilitate the need to categorize the industrial zones as categorization was…

05 Nov

Bajaj Auto’s total vehicle sales in October progress by 2% to 4,79,707 units

Priyanka RoyBusiness, News

Mumbai: Bajaj Auto on Monday reported a 2 percent rise in total vehicle sales, including commercial vehicles and exports, at 4,79,707 units in October this year as against 4,71,188 units in the same month of 2023. Bajaj Auto Ltd said total domestic sales during the month under review declined 8 per cent to 3,03,831 units as against 3,29,618 units sold in the same month of 2023, while exports stood at 1,75,876 units as against 1,41,570 units a year ago.However, total two-wheeler sales increased by two percent to 4,14,372 units in the month under review, as against 4,08,144 two-wheelers sold in…

04 Nov

Partha Pratim Sengupta steps in as MD & CEO of Bandhan Bank, aims for inclusive growth

Business BureauBusiness

Bandhan Bank has officially appointed Partha Pratim Sengupta as its new Managing Director and CEO, effective November 1, 2024. A veteran with close to four decades in the banking sector, Sengupta has held pivotal roles across institutions like Indian Overseas Bank and State Bank of India, where he led significant growth initiatives in credit and technology. He succeeds Ratan Kumar Kesh, who served as interim MD & CEO since July and now returns as Executive Director and Chief Operating Officer. Dr. Anup Kumar Sinha, Chairman of Bandhan Bank, expressed optimism about Sengupta’s leadership, highlighting his track record and the critical…

04 Nov

Reliance Industries’ share price fell 4% on Monday

TanupriyaBusiness

Due to strong selling pressure, Reliance Industries' share price fell 4% on Monday, hitting a nine-month low. The year-to-date (YTD) returns on Reliance shares are now negative due to this steep drop. RIL's market value shrank to over 17.40 lakh crore as the company's stock price fell as much as 4.03% during intraday trading on the BSE, to a low of 1,285.10 per share. Since its 52-week peak of 1,608.95 per share (adjusted for a 1:1 bonus), which was reached on July 8, Reliance stock has already dropped more than 20%. As of November 4, Reliance's stock has lost 0.5%…