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Author Archives: Editor

Dalmia Cement solidifies renewable energy commitment; installs 14.7 MW solar power plant at Kapilas unit

TBB BUREAU BHUBANESWAR, FEBRUARY 2, 2022 As part of its long term commitment towards renewable energy transition, Dalmia Cement (Bharat) Limited (DCBL), a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has added its ground-mounted solar power plant capacity to 17.1 MW (from 2.4MW in 2014), in Cuttack. Spread over 49 acres, the solar power plant is ...

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Ind-Ra upgrades Jindal Stainless Limited rating to ‘IND AA-’

TBB BUREAU NEW DELHI, FEB 2, 2022 India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating assigned to Jindal Stainless Limited (JSL) to ‘IND AA-’ with a stable outlook, while resolving the Rating Watch Evolving (RWE). The agency had previously assigned ‘IND A+/RWE’ rating to JSL’s long-term credit facilities. As per the report released by Ind-Ra, the upgrade ...

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Ayush Ministry’s budget allocation stands up at Rs 3050 Cr

TBB BUREAU NEW DELHI, FEB 1, 2022 Cost effective Ayush services under the National Ayush Mission (NAM) have gotten major boost in the Union Budget 2022 presented by Finance Minister Nirmala Sitaraman today. The total allocation of budget to Ayush Ministry in last 7 years has increased over four times from 691 crore to Rs 3050 crore. Recognizing the importance ...

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Union Budget 2022-23 will fast track economic recovery: ICC

TBB BUREAU NEW DELHI, FEBRUARY 1, 2022 Indian Chamber of Commerce (ICC) has lauded the growth-oriented policy direction of the Union Budget 2022-23 based on EoDB, reforms, clear direction based on digital transformation. Budget measures would raise demand, support consumption, fast track economic recovery, support Employment generation and Output in the Economy. Commenting on the Union Budget 2022-23 presented in ...

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FM Sitharaman presents Union Budget for 2022-23

TBB BUREAU NEW DELHI, FEB 1, 2022 India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs ...

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Coal shortage now at alarming levels, say aluminium producers

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022 With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has approached the Ministry of Coal, urging immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has ...

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GST collection tops Rs 1.38 lakh cr in January 2022

TBB BUREAU NEW DELHI, JANUARY 31, 2022            GST collection in January crossed Rs 1.38 lakh crore in January, a growth of 15 per cent over the year-ago period.            Total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore that includes 36 lakh quarterly returns, the Finance Ministry said.            “The gross GST revenue ...

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PNB launches co-branded credit card with Patanjali in partnership with RuPay

TBB BUREAU NEW DELHI, JANUARY 31, 2022 Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded credit cards in partnership with the National Payments Corporation of India (NPCI). The co-branded credit cards are offered on NCPI’s RuPay Platform and are available in two variants – PNB RuPay Platinum and PNB RuPay Select. Starting the New Year on ...

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Combined Index of Eight Core Industries increases by 3.8 pc in December 2021

TBB BUREAU NEW DELHI, JANUARY 31, 2022 The combined Index of Eight Core Industries stood at 141.3 in December 2021, which is an increase of 3.8 per cent (provisional) as compared to December 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Cement and Electricity industries increased in December 2021 over the corresponding period of last year. The Office ...

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Tata Steel Long Products to buy Neelachal Ispat Nigam for Rs 12,100 crore

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022          The Union government on Monday approved sale of Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd for Rs 12,100 crore.          A joint venture of MMTC, NMDC, BHEL, MECON, OMC and IPICOL, NINL has a 1.1 million tonnes (MT) capacity integrated steel plant at Kalinganagar in Odisha. The plant is ...

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Indian economy to grow by 9.2pc in real terms in 2021-22

TBB BUREAU NEW DELHI, JANUARY 31, 2022 India to witness GDP growth of 8.0-8.5 per cent in 2022-23, supported by widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending. The Union Minister for Finance & Corporate Affairs Nirmala Sitharaman tabled the Economic Survey 2021-22 in ...

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EyeMyEye launches sustainable eyewear frames in India

TBB BUREAU MUMBAI, JANUARY 31, 2022 Taking a leap towards adopting eco-friendly fashion, EyeMyEye – India’s most loved eyewear platform takes pride in presenting an excellent collection of distinctive sustainable eyewear frames, the ‘Bamboo Eyewear Range’ in India. Designed from 100% pure &organic bamboo material, this collection offers a range of unique Eyeglasses & Polarized Sunglasses that will stay fashionable ...

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NTPC recognized by Great Place to Work among India’s Best Workplaces in Manufacturing 2022

TBB BUREAU NEW DELHI, JANUARY 31, 2022 India’s largest integrated energy producer, NTPC Ltd. has been bestowed with the ‘India’s Best Workplaces in Manufacturing 2022 – Top 30’ recognition by the Great Place to Work Institute. This is fifth year in a row, NTPC has been bestowed with the recognition. In the 5th edition of India’s Best Workplaces in Manufacturing, ...

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NTPC Coal Mining Headquarters organises Inter School E-Quiz Competition

TBB BUREAU RANCHI, JANUARY 30, 2021 As part of the celebrations of 125th birth anniversary of Netaji Subhash Chandra Bose and 75th Azadi ka Amrit Mahotsav, NTPC Coal Mining Headquarters, Ranchi organized NTPC Coal Mining Inter School Online Quiz Competition on Saturday. The focus of this quiz competition was on Netaji and the Indian Freedom Movement. Various schools in and ...

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Corporate Social Responsibility: Progress through Partnership

TBB BUREAU BHUBANESWCAR, JANUARY 29, 2022 With an objective to facilitate dialogue with stakeholders to sketch out a framework for inclusive growth of the State, Confederation of Indian Industry (CII) Odisha organized a virtual conclave on “Corporate Social Responsibility: Progress through Partnership” on Saturday. Leaders from leading corporate houses in Odisha deliberated on leveraging CSR initiatives by various organizations for ...

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Sonowal reviews progress of green initiatives undertaken for development of Green Ports & Green Shipping in India

TBB BUREAU NEW DELHI, JANUARY 29, 2022           Union Minister of Ports, Shipping and Waterways Sarbanand Sonowal on Saturday said that initiatives are being implemented by Major Ports of India that include areas, such as increase share of renewable energy to more than 60% across major ports by 2030. MoPSW is also working on draft of a “Green Port Policy” ...

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Odisha takes active steps for containment, elimination of NTDs

TBB BUREAU BHUBANESWAR, JANUARY 29, 2022 Odisha is taking active steps for containment and elimination of neglected tropical diseases (NTDs) through active surveillance and focused interventions towards elimination of Lymphatic Filariasis, Leprosy, Dengue, Chikungunya Rabies etc, said Dr. Niranjan Mishra, Director-Public Health, Department of Health and Family Welfare, Government of Odisha, here on Saturday. In a message on the eve ...

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IIFL Home Finance, Indian Naval Placement Agency sign MoU for hiring Navy veterans

TBB BUREAU BHUBANESWAR, JANUARY 28, 2022 IIFL Home Finance Ltd. (IIFL HFL) and the Indian Naval Placement Agency (INPA) today signed an MoU, through which the two entities will explore opportunities for the recruitment of naval veterans within IIFL HFL. IIFL HFL aims to hire veterans/ Ex-servicemen/dependents who have retired from the Indian Navy. Monu Ratra, ED & CEO, IIFL ...

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Vedanta Q3FY22 net profit up 26pc at Rs 4,164 cr

TBB BUREAU NEW DELHI, JANUARY 28, 2022 Vedanta Ltd on Friday reported a 26.2 rise in its consolidated net profit at Rs 4,164 crore for the third quarter (Q3) of the current financial year. Vedanta Ltd had posted a consolidated net profit of Rs 3,299 crore in the corresponding period in the previous fiscal, the Company said in a filing ...

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Odisha’s Anadrone Systems bags contract to manufacture advanced Aerial Targets for Indian Army and Airforce

TBB BUREAU BHUBANESWAR, JANUARY 28, 2022 In a landmark event under the Make in India scheme of the Ministry of Defence, Odisha-based Anadrone System has bagged the contract to supply advanced defence equipment to the Indian Army and Air Force. The contract to supply 125 Maneuverable Expendable Aerial Targets (MEAT) and associated equipment worth Rs 96 crore, under the Make ...

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Vedant Fashions IPO opens on Feb 4

TBB BUREAU BHUBANESWAR, JANUARY 28, 2022 Ethnic apparel retailer Vedant Fashions Ltd, which owns brands including ‘Manyavar’, ‘Mohey’, ‘Mebaz’, ‘Manthan’ and ‘Twamev’, will launch its initial public offering (IPO) on February 4. The Kolkata-based company has fixed the price band of Rs 824-866 per share and the public issue is expected to fetch Rs 3,149 crore, at the upper end ...

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Airtel and Google partner to help grow India’s digital ecosystem

TBB BUREAU BHUBANESWAR, JANUARY 28, 2022 Bharti Airtel (“Airtel”), one of India’s premier communications solutions providers, and Google today announced that they will partner on a long-term, multi-year agreement to accelerate the growth of India’s digital ecosystem. Together, they will work to bring best-in-class end-to-end products to serve customer needs, provide quality customer experience, and bring their expertise to solve ...

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Lionsgate Play announces Hiccups & Hookups Season 2 featuring Lara Dutta and Prateik Babbar in the lead

TBB BUREAU MUMBAI, JANUARY 28, 2022         Vasu, Akhil and Kay are back! Expect more unfiltered conversations, dating advice and sibling banter when Hiccups & Hookups returns with season 2. Within a year of Lionsgate Play’s premiere of its first Hindi original that witnessed staggering response globally, the streaming platform is set to launch season 2 of Hiccups & Hookups. ...

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‘Air Vaidya’ fumigation can mitigate Covid-19 infection: BHU scientists

TBB BUREAU NEW DELHI, JANUARY 28, 2022 At a time when the whole world is grappling with highly transmissible Omicron variant of Covid-19, scientists at Banaras Hindu University (BHU) — in a first-of-its-kind study — have found that anti-viral, anti-bacterial, and anti-inflammatory properties in the fumes of Air Vaidya Herbal Dhoopa (AVHD), an ayurvedic formulation, could be effective in preventing ...

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PNB Q3FY22 net profit more than doubles to Rs 1,127 cr

TBB BUREAU NEW DELHI, JANUARY 27, 2022 Country’s second-largest public sector lender Punjab National Bank (PNB) on Thursday reported a two-fold jump in standalone net profit to Rs 1,126.78 crore for the third quarter (Q3) ended December 31, 2021, as compared to Rs 506.03 crore in the year-ago period, as bad loans marginally declined. However, total income during October-December 2021 ...

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Dalmia Bharat Q3FY22 net profit declines 59pc to Rs 73 cr

TBB BUREAU NEW DELHI, JANUARY 27, 2022 Leading cement manufacturing company Dalmia Bharat Ltd on Thursday reported a 59.2 per cent decline in its consolidated net profit to Rs 73 crore for the third quarter (Q3FY22) ended December 2021. The company had posted a net profit of Rs 179 crore during the corresponding period a year ago, Dalmia Bharat said ...

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High time to eliminate high coal cess to support power intensive industries: AAI

TBB BUREAU NEW DELHI, JANUARY 27, 2022 Aluminium industry has been a key contributor to India’s V-shaped economic revival and in keeping industrial activity on track by operating at full capacity despite the unprecedented pandemic and subsequent lockdowns. Today, aluminium is the largest non-ferrous metal industry in the world economy, and the second largest metal industry after Steel. India’s Aluminium ...

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Union Bank of India wins IDC Industry Innovation Award 2021

TBB BUREAU MUMBAI, JANUARY 27, 2022 Union Bank of India has bagged the prestigious IDC Industry Innovation Awards 2021 Winner award for Application Programming Interface Management (APIM) under Innovation in Operations category. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunication and consumer technology markets. IDC Industry Innovation ...

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AIIMS Bhubaneswar celebrates 73rd Republic Day

TBB BUREAU BHUBANESWAR, JANUARY 27, 2022 AIIMS Bhubaneswar joined the Nation in celebrating the 73rd Republic Day on Wednesday. Hoisting the National Flag, Dean (Academic) Dr. Debashis Hota emphasized the importance of Indian Constitution and its effective implementation at grass roots level for the wellbeing of the general public. Dentistry Year Book-2021 prepared by the Department of Dentistry of AIIMS ...

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JSPL celebrates 73rd Republic Day

TBB BUREAU ANGUL, JANUARY 27, 2022 Jindal Steel & Power Limited (JSPL) celebrated the 73rd Republic Day on Wednesday at the OP Jindal School Ground in Jindal Nagar following all the COVID protocols. JSP Angul location Head and Executive Director Hridayeshwar Jha unfurled the National Flag in presence of Executive Directors Damodar Mittal and Sabyasachi Bandyopadhyay, OP Jindal School Principal ...

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Maharaja’s homecoming: Air India back with the Tatas

TBB BUREAU NEW DELHI, JANUARY 27, 2022            Nearly seven decades after it lost control, the Tata Group on Thursday regained ownership of Air India and promised to make the loss-making company into a world-class airline.           The handover took place at the airline’s headquarters here this afternoon.           Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta ...

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NTPC Coal Mining Headquarters celebrates 73rd Republic Day with patriotic spirit

TBB BUREAU RANCHI, JANUARY 27, 2022 The 73rd Republic Day was celebrated at NTPC Coal Mining Headquarters (CMHQ), Ranchi on Wednesday with great pride and patriotic fervor. This year’s Republic Day celebration was special as it started from January 23, marking Netaji Subhash Chandra Bose’s 125th birth anniversary, under the aegis of 75th “Azadi Ka Amrit Mahotsav”. Regional Executive Director(RED)-Coal ...

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Tork Motors launches KRATOS and KRATOS-R

TBB BUREAU PUNE, JANUARY 27, 2022 Tork Motors, India’s first electric motorcycle manufacturer, has launched its much-awaited state-of-the-art electric motorcycle KRATOS, along with a variant KRATOS-R. Born from the learning and experiences on the racetrack, KRATOS is a technologically advanced, world-class product that is 100% designed and made in India. Engineered with precision, KRATOS is powered by a highly efficient ...

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MCL celebrates 73rd Republic Day

TBB BUREAU SAMBALPUR, JANUARY 27, 2022 Chairman-cum-Managing Director OP Singh led the 73rd Republic Day celebrations at Mahanadi Coalfields Limited (MCL) which was organised following COVID-19 guidelines.  At the headquarters, the CMD unfurled the Tricolour at Anand Vihar Ground and inspected the ceremonial parade of MCL security personnel. Extending his greetings on the occasion, Singh expressed his gratitude towards the ...

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How soon will the Tata group rejuvenate Air India?

R K Sinha The Tata Group is soon to gain complete control of Air India airlines from 27th January. Earlier, there were speculations that Air India would be fully taken over by the Tata Group on 23rd January. The daunting challenge for the Tata Group will be to recast Air India into a world-class airline. The service of Air India ...

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73rd Republic Day celebrations at NTPC Kaniha

TBB BUREAU KANIHA, JANUARY 26, 2022 NTPC Talcher Kaniha joined the Nation in celebrating the 73rd Republic Day with great pride and zeal, on Wednesday. NTPC Kaniha Executive Director K Srinivasa Rao hoisted the National Flag at the Ambedkar Stadium of the power station, and took guard of honour. Rao was escorted to the venue by a marching band of ...

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