Will Taka, Rupee Be At Par Soon?

New Delhi, Aug 24 : The Bangladesh Taka has been gradually appreciating against the Indian Rupee over the past year and if the trend continues, both the currencies will become equal in value, according to foreign exchange traders. The Bangladesh Taka, which was more than Tk 1.70 against a Rupee in early 2012, continued to appreciate against the Indian currency since then and on Thursday, it...

Auto Makers Maruti, Honda, GM Turn Towards Northeast, Eye 50% Jump in Sales

Guwahati, Aug 21 : With country's auto sector going through tough phase, the industry is looking towards the North Eastern market that promises good opportunity with major manufacturers expecting growth of up to 50 per cent in sales. Major auto makers Maruti Suzuki, Honda Cars, General Motors India and Toyota Kirloskar Motor are planning to expand their reach in the region that has largely been...

America’s Most Profitable company per employee makes your phone work—and it’s not Apple

By Christopher Mims What InterDigital makes: an illustration from its patent for "Data transfer between wireless devices." United States Patent and Trademark Office   You’d be forgiven for not recognizing the name InterDigital, despite the fact that it has been around since 1972 and developed many of the technologies that are critical to our increasingly mobile,...

Maruti Suzuki to Expand Dealer Network in Remote Parts of Northeast

Guwahati, Aug 6 : Country's largest car maker Maruti Suzuki today said it will expand its presence in rural and remote parts of North East as it expects "rapid growth" in this region over the next 3-4 years. The company, which first opened its outlet in North East 30 years ago at a time of rolling out its first car in the country, currently sells an average of 3,000 vehicles every month in...

Honda expects over 50 per cent jump in sales in Northeast

Honda Cars India is expecting over 50 per cent jump in its sales in the North East region during 2013-14 even as the total four-wheeler market in the country is going through sharp decline in the recent months. The wholly-owned subsidiary of Japanese car major Honda is increasing its focus in the eight states of the region and plans to expand its base aggressively in the coming months to...

Northeast Has Huge Business Potential: UK Envoy

Guwahati, Jul 9 : British high commissioner Sir James Bevan said the dividend of prevailing peace in the northeast is evident in the development that the region has been experiencing.At an interactive programme organized by the Youth Forum on Foreign Policy (YFFP) here on Monday, Bevan said with peace there has been a marked confidence among people in taking the region to the path of development....

Oil India to invest Rs 12,000 cr in Northeast by 2017

Oil India Ltd said today it plans to invest Rs 12,000 crore in the North East by 2017 on projects, including expansion of exploration work and diversification of business. Guwahati, Jul 3 : Oil India LtdBSE -2.02 % said today it plans to invest Rs 12,000 crore in the North East by 2017 on projects, including expansion of exploration work and diversification of business. "We have set a capex...

Why Your Cuppa Is Costlier

By Debiprasad Nayak and Biman Mukherji Roberto Schmidt/Agence France-Presse/Getty Images Rains have come more than three weeks late to much of Assam state, stunting the growth of tea buds and leaves. Tea prices are on the boil in India because of uneven monsoon rains in the country’s northeast. The monsoon arrived early over most of India this year, causing death and destruction in the northwest....

How To Get Rich In Your Country Of Choice [Infographic]

It's easy! Just inherit gobs of cash. By Colin Lecher How do the rich get rich? The answer depends on geography. This infographic, designed by studio BoldFace and published by Independent Newspapers, breaks down, for various regions, how the rich earned their dough. In the United States, it's a landslide: 67 percent of wealthy survey respondents...

Honda Unveils 'CB Trigger' For Northeast India Market

Guwahati, Jun 18 : Country's second largest two-wheeler maker Honda Motorcycle & Scooter India today launched 150 cc motorcycle CB Trigger for the North-East aimed at capturing 20 per cent of the market in this segment in the region.The CB Trigger is priced between Rs. 70,315 and Rs. 79,900 (ex-showroom, Guwahati), Vivek Taluja, Honda Motorcycle & Scooter India (HMSI) Division Head (Regional...

GM India sees North East next growth mkt, aims 8% jump in 2013

GM India is expecting a growth of around eight per cent in its sales in North East market this year even as the overall car segment is witnessing a steep fall. Guwahati, Jun 17 : General Motors India is expecting a growth of around eight per cent in its sales in North East market this year even as the overall car segment is witnessing a steep fall across the country in the recent months....

North East Biz Team Going to Thailand, Cambodia

By Shobha RoyKolkata, Jun 10 :  A 30-member business delegation from North East headed by Union Minister of DoNER Paban Singh Ghatowar will visit Thailand and Cambodia to explore bilateral investment opportunities.Industry ministers from Assam, Mizoram and Nagaland will also accompany the delegation along with their officials and local entrepreneurs.The delegation, which leaves for Phnom Penh...

China Eyes Northeast India's Rs 350 cr Mosquito Net Market

Absence of local entrepreneurs in the sector has always left the potential to be enjoyed by traders from Bangladesh. China is now gradually replacing Bangladesh. Siliguri, Jun 4 : Highly diversified topography with dense network of water streams, deep forests and thus moist climate have kept India's North East region as highly Malaria prone. And this propensity hosts a potential of Rs 350...

India's Startup Companies Lacking Guardian 'Angels'

Indian entrepreneurs are struggling to find investors as venture capitalists increasingly shy away from risk. Only five percent of startups get funding. It is seen as a land of entrepreneurs, economic growth and huge business potential, but India appears to be failing its promising startup...

Tatas Ties Up With Cardamom Growers; Looks To Northeast For Turmeric

New Delhi, Apr 2 : Tata Global Beverages today announced a partnership with cardamom growers from South India to market the latter's produce, the first time the Tata group firm has undertaken such an initiative.The firm also said it planned to expand such partnerships and will work with turmeric growers from North East India."There is a great deal of difference in prices that consumers pay and what...

Yes Bank, IFC to set up PE fund for Northeast India

The fund will invest in small and growth enterprises across sectors such as tourism, infrastructure and healthcare By Deepti Chaudhary The corpus of the fund has not been decided yet. Photo: Priyanka Parashar/Mint Mumbai, Feb 1 : Yes Bank Ltd and the International Finance Corporation (IFC), a member of the World Bank Group, on Thursday signed a memorandum of...

Bajaj Auto Looking To Emerge Market Leader in Northeast

Guwahati, Jan 18 : Bajaj Auto is looking to emerge as the market leader in Northeast India. Presently around 40,000 bikes are sold in Northeast India in a month.President (motorcycle business) of Bajaj Auto, K. Srinivas who was in Guwahati on Thursday said around 8.6 lakh bikes are sold monthly across the country. "Northeast India is a big market of sports bike and commuter bikes."He said presently...

Business Lessons From a Former Gang Member

Ryan Blair didn’t get off to a good start. At age 16, when most kids born into a middle-class household are starting to wonder which colleges they want to apply to, he was sitting in a jail cell in Los Angeles, the result of his 10th arrest as a juvenile. In the previous few years, he’d left the family house because of his father’s meth addiction and violent behavior, spent almost a year living...

Cement Prices in Northeast To Increase

Guwahati, Oct 30 : After two sharp cuts, prices of Cement manufactured in Northeast India are likely to increase by Rs 20 to 25 per bag.The increase in the price is attributed to lack of continuous coal supply, increase in the prices of Gypsum besides increase in the cost of diesel.The government of India has waived-off the off-season discount of 10 percent on railway fare and even service tax of...

New Inland Water Transport Route From Northeast Faces Hurdles

By Santanu Sanyal The diversion of North-East bound cargo through Sittwe, Myanmar, is likely to benefit the North-Eastern states, especially Mizoram, Nagaland and Manipur. — A. Roy Chowdhury Inland Waterways Authority is bullish on the project in Myanmar because India’s bid to transport goods to the North-East through Bangladesh has not been much of a success. A few days ago, Bhupinder...