THEBUSINESSBYTES.COM Fast. Focused. Future-ready

TBB BUREAU TIKIRI/BHUBANESWAR, FEB 8, 2021 The Regional Environment and Mineral Awareness Program (EMAP) was successfully organized at Baphlimali mines area of Utkal Alumina International Limited (UAIL), a unit of Hindalco Industries of Aditya Birla Group under the banner of the Society of Geoscientists & Allied Technologists, Bhubaneswar. The programme was designed for the students of Govt. UG High school, ...

TBB BUREAU ROURKELA, FEB 6, 2021 Rourkela Steel Plant (RSP), a unit of the Maharatna Company SAIL, has set a new record by producing 3,110 tonnes of hot metal on Friday from its Blast Furnaces-4 (Annapurna). The previous best of 3022 Tonnes was recorded on 31st December 2020 from the same furnace.   The Blast Furnace with a useful volume of ...

TBB BUREAU NEW DELHI, FEB 5 State-owned Punjab National Bank (PNB) today reported 18.5 per cent year-on-year decline in its net profit to Rs 506 crore for the quarter ended December 31, 2020 (Q3FY21). The lender reported a net interest income of Rs 8,313 crore in the reported quarter. PNB’s reported gross non-performing assets ratio at the end of the ...

Vedanta to implement ‘Advika’ program through Nand Ghars TBB BUREAU LANJIGARH, FEB 5 The Lanjigarh Unit of Vedanta Limited has joined hands with the Women & Child Development Department of the Odisha government for implementation of the recently launched ‘Advika’ programme, in Kalahandi and Rayagada districts through its Nand Ghars, located in these locations. This program has been designed with ...

TBB BUREAU ROURKELA, FEB 5, 2021 Captive Power Plant #3 of Rourkela Steel Plant (RSP) consisting of Steam Turbine Generators in Power Blowing Station, Top Recovery Turbine Generator and Back Pressure Turbine Generator generated a record of 48.11 MW of electrical power on Wednesday. This is the highest average daily power generation in CPP#3 since the inception of these units ...

TBB BUREAU BHUBANESWAR, FEB 5, 2021 The Institute of Company Secretaries of India (ICSI) has implemented its new training structure as per Regulation 46BA and 46BB under The Company Secretaries (Amendment) Regulations, 2020. The new training structure, implemented on Wednesday, will harness the soft skills and develop the core competencies of students, thereby creating a brigade of young professionals desired ...

TBB BUREAU BHUBANESWAR, FEB 4, 2021 The Union Government has allocated Rs 6,995.58 crore to Odisha for financial year 2021-22 for various railway projects in the state. registering an increase of over 60 per cent against last year’s budgetary allocation of Rs 4,373 crore, the East Coast Railway (ECoR) said today. “Allotment has been significant for projects to be completed ...

TBB BUREAU ANGUL, FEB 4 East Coast Railway’s Khurda Road Division Divisional Railway Manager Sashi Kant Singh today visited Jindal Steel & Power Ltd (JSPL)’s integrated steel complex at Angul to discuss mutual cooperation and growth. Accompanied by JSPL’s Managing Director VR Sharma and other senior officials, Singh visited various units of the plant and discussed better collaboration between JSPL ...

TBB BUREAU ROURKELA, FEB 4, 2021 Rourkela Steel Plant (RSP) began the calendar year 2021 with a record monthly performance in January. Continuing the success spree with which it had ended the year 2020, the Steel Plant marched ahead to register the best ever monthly saleable steel production in the first month of the year. RSP produced 3,31,003 tonnes of ...

TBB BUREAU BHUBANESWAR, FEB 4, 2021 In view of the severe cold caused by the outbreak of cold wave, the CSR wing of Dalmia Cement (Bharat) Limited’s Lanjiberna Limestone and Dolomite Mines distributed blankets among 500 senior citizens of Lanjiberna and Kheramuta villages of Sundargarh district. The blanket distribution programme was inaugurated by Sangam Mahila Mandal President Sunita Gupta. Tapan ...

TBB BUREAU MUMBAI, FEB 4, 2021 Reliance Marcellus, LLC, a wholly owned subsidiary of Reliance Industries Limited toay announced the signing of agreements to divest all of its interest in certain upstream assets in the Marcellus shale play of south-western Pennsylvania. These assets, which are currently operated by various affiliates of EQT Corporation, have been agreed to be sold to ...

TBB BUREAU BHUBANESWAR, FEB 4, 2021 On the occasion of World Cancer Day, leading multispecialty health care institution Apollo Hospitals organised a mega cyclothon and some other programmes to spread awareness about the deadly disease. The cyclothon was flagged off by Sudhir M. Diggikar, Regional CEO of Apollo Hospitals Enterprise Limited in presence of Dr. Ashish Chandra, Director Medical Services; ...

TBB BUREAU BHUBANESWAR, FEB 3, 2021           The Odisha government today assured all necessary support to the Steel Authority of India Limited (SAIL) and urged the CPSU to undertake more corporate social responsibility (CSR) activities in the state.           The state government’s assurance was given by Chief Minister Naveen Patnaik when SAIL’s newly appointed Chairperson Soma Mandal met him today. ...

TBB BUREAU MUMBAI, FEBRUARY 3, 2021 Riding on the post-Budget euphoria and positive global cues the BSE Sensex closed above the historic 50,000-mark for the first time ever today. After touching a record intra-day high of 50,526.39, the 30-share BSE benchmark ended at 50,255.75, up 458.03 points. Similarly, the broader NSE Nifty surged 142.10 points to its fresh closing record ...

TBB BUREAU BHUABNESWAR, FEB 3, 2021 Max Bupa, one of India’s leading standalone health insurance players, today announced its expansion plans in Bhubaneswar and other markets of Odisha, as part of its business expansion plan. The company which started its operations in Bhubaneswar, Sambalpur and Berhampur today, targets to clock Rs 25 crore gross written premium from Odisha, including Rs 15 ...

TBB BUREAU BHUBANESWAR, FEB 3, 2021 Private life insurer SBI Life Insurance registered a New Business Premium of Rs. 14,437 crore for the period ended on 31st December, 2020 against Rs. 12,787 crore in the year-ago period. Single premium increased by 42 percent over the corresponding year. Establishing a clear focus on protection, SBI Life’s protection new business premium stood ...

TBB BUREAU MUMBAI, FEB 2, 2021 Country’s largest lender State Bank of India (SBI) has announced the launch of its unique shopping carnival – ‘YONO Super Saving Days’. Commencing on the 4th of February, the four-day shopping extravaganza which is concluding on the 7th is all set to offer an exclusive range of discounts and cashback to the users of ...

TBB BUREAU BARBIL, FEBRUARY 2, 2021 JSW Steel Limited has been conferred with mining safety awards in the recently held 58th Annual Safety Week Celebration-2020 (metalliferous mines) in Chaibasa region at Rajgangpur. In the group A-1 category, Jajang Iron ore mines received Best Innovation award and in Group A-2, Nuagaon iron ore mines received Best Workshop Facility. In the Group ...

PRIYABRAT BISWAL BHUBANESWAR, FEBRUARY 2, 2021 TP Central Odisha Distribution Limited (TPCODL), a joint venture between Tata Power and the Government of Odisha, will introduce smart meters in its distribution areas from April this year. Talking to media persons here on Tuesday, TPCODL Chief Executive Officer (CEO) M Shenbagam informed that in the first phase smart meters would be provided ...

TBB BUREAU ROURKELA, FEBRUARY 2, 2021 “RSP (Rourkela Steel Plant) is doing extremely well on all fronts. However, the challenges and expectations become high when you are at the peak. We must not be content with our achievements. Let’s strive further not only to sustain the momentum but also to excel further in our every endeavor,” said Soma Mondal, Chairman, ...

TBB BUREAU BHUBANESWAR, FEB 2, 2021 The Industrial Promotion and Investment Corporation of Odisha (IPICOL) has successfully completed submission for the state of Odisha the evidence of reforms implemented under State Reform Action Plan (SRAP)-2020 as stipulated by DPIIT, Government of India.  SRAP is a list of 301 recommendations to be undertaken by states and union territories to improve the ...

TBB BUREAU BHUBANESWAR, FEBRUARY 1, 2021 The Institute of Company Secretaries of India (ICSI) has welcomed Budget 2021, unveiled by Union Finance Minister Nirmala Sitharaman on Monday. Budget 2021 proposed a boost for the healthcare sector with a significant increase of 137% in the outlay. The decision of a total spend of around Rs.2 lakh crore on healthcare with Rs.35,000 ...

PRIYABRAT BISWAL BHUBANESWAR, FEBRUARY 1, 2021 India’s largest integrated power utility Tata Power today said that it has received the Letter of Intent (LOI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in the north eastern part of the state. The company has received the LOI from OERC for Odisha’s five circles of ...

PART-A Union Minister for Finance & Corporate Affairs Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 crore Indians who have full confidence in ...

TBB BUREAU NEW DELHI, FEBRUARY 1, 2021    Lieutenant General Chandi Prasad Mohanty today assumed the charge of the Vice Chief of the Army Staff. An alumnus of Rashtriya Indian Military College, Dehradun, National Defence Academy, Khadakwasla and Indian Military Academy, Dehradun, Lieutenant General CP Mohanty was commissioned into the Rajput Regiment on 12 June 1982. In a career spanning ...

TBB BUREAU NEW DELHI, JANUARY 31, 2021 President Ram Nath Kovind launched the National Polio Immunisation Day for 2021 by administering polio drops to children less than five years old at Rashtrapati Bhawan yesterday.   Today is the Polio National Immunization Day, also known as ‘’Polio Ravivar”. As per provisional report on Day 1, close to 89 lakh children under five ...

TBB BUREAU BHUBANESWAR, JANUARY 31, 2021 Rourkela-based Bhagyashree Sahu was elated when Prime Minister Narenndra Modi mentioned her name in his ‘Man ki Baat’ on radio programme on Sunday.  “That moment remained one of the most prized moments of life when I heard being mentioned by PM Modiji in his famous programme ‘Man ki Baat’ on radio today,” said Bhagyashree ...

TBB BUREAU NEW DELHI, JANUARY 31, 2021 Union Information & Broadcasting Minister Prakash Javadekar today released a standard operating procedure (SOP) on preventive measures to contain spread of COVID-19 for cinema halls and theatres. Announcing the decision the Minister said now cinema halls can operate with full capacity. Sanitisation and COVID protocols will have to be adhered to but people ...

TBB BUREAU ROURKELA, JANUARY 30, 2021 In a function held at Ispat Stadium here to mark the SAIL Foundation Day, Rourkela Steel Plant (RSP) CEO Dipak Chattaraj presented the coveted Nehru Vishista Karmachari Puraskar to 79 employees for the year 2020.  The employees were awarded for their exemplary contributions towards improving the performance of the plant with their commitment, dedication ...

TBB BUREAU NEW DELHI, JANUARY 30, 2021 Leading steel manufacturer of India Jindal Steel & Power Ltd (JSPL) has been conferred with prestigious Mahatma Award 2020 for its massive humanitarian effort to support the communities and local administration in fighting COVID-19 pandemic. Shallu Jindal, Chairperson of JSPL Foundation, the social arm of JSPL, received the award today at India International ...

TBB BUREAU ROURKELA, JANUARY 29, 2021 A two-day mushroom cultivation training was organised at the Institute of Periphery Development (IPD) of Rourkela Steel Plant (RSP) on January 22-23.  In all, 10 women and five men from Baghdega, Kairkera, Garda, Barilepta and Khairtola villages of Nuagaon Block attended the training programme. The sessions included theoretical inputs on the ‘Dhingri’ mushroom cultivation ...

TBB BUREAU BARBIL, JANUARY 29, 2021 JSPL Foundation, the social arm of Jindal Steel and Power Limited (JSPL), recently conducted a capacity building training programme for local women self-help group (SHG) members. Office bearers of 60 SHGs of peripheral villages took part in the two-day event. The participants were imparted training on leadership qualities, business development, record-keeping and marketing of ...

TBB BUREAU VADODARA, JANUARY 29, 2021 Wardwizard Innovations & Mobility Ltd’s new plant at Vadodara in Gujarat with an annual manufacturing capacity of over 1 lakh electric two-wheelers was inaugurated on Thursday by Union Home Minister Amit Shah. Wardwizard has invested around Rs 45 crore in the new plant at Vadodara. The new plant is estimated to generate around 6,000 ...

TBB BUREAU BHUBANESWAR, JANUARY 29, 2021 The Capital City of Odisha will soon have Indian Institute of Law (IIL), primarily for the teachers of law. The socio-legal research institute will be set up by the Bar Council of India (BCI) in partnership with city-based Kalinga Institute of Industrial Technology (KIIT) to promote advanced studies and research in Law. BCI Trust ...

TBB BUREAU BHUBANESWAR, JANUARY 29, 2021 In a first-of-its kind study, doctors from the All India Institute of Medical Sciences (AIIMS), New Delhi have found that the synergistic effect of ayurvedic formulation BGR-34 along with allopathic drug Glibenclamide (a medication used to treat diabetes mellitus type 2) can have a significant role in improving the overall quality of life of ...

TBB BUREAU NEW DELHI, JANUARY 29, 2021 ArcelorMittal Nippon Steel India (AM/NS India) has inked a pact with POSCO Maharashtra Steel, under which the former will supply hot rolled coils (HRC) worth Rs 5,000 crore in 2021. While AM/NS India is a 50:50 joint venture between Luxembourg-based ArcelorMittal and Japan’s Nippon Steel, POSCO Maharashtra Steel is the Indian subsidiary of ...

TBB BUREAU NEW DELHI, JANUARY 28, 2021 In keeping with its commitment to the Prime Minister’s Aatmanirbhar Bharat Mission, and inspired by Chief Minister Naveen Patnaik’s vision to make Odisha a 100-MT steel manufacturing hub and the late visionary Biju Babu’s dream to make the state a leader in steel, Jindal Steel and Power Ltd (JSPL) today unveiled its Vision ...

TBB BUREAU BHUBANESWAR, JANUARY 28, 2021 Ninety-two years old Eswar Ch Mohanty of Odisha has earned the rare distinction of being the oldest patient in Eastern India to receive a knee replacement surgery at AMRI Hospitals Bhubaneswar. “Mohanty was very afraid of going under the knife and had been avoiding it since long. Finally, on Monday, he agreed to get ...

TBB BUREAU BHUBANESWAR, JANUARY 28, 2021 Dalmia Bharat Foundation (DBF), the philanthropic arm of Dalmia Bharat Group, felicitated 21 DIKSHa (Dalmia Institute of Knowledge and Skill Harnessing) trainees at Kapilas Cement Manufacturing Works (KCMW) in Cuttack today.  The students were provided 75 days’ training in Industrial Sewing Machine Operator (ISMO) trade. Ramawatar Sharma, Unit Head, Dalmia Cement (Bharat) Ltd., Cuttack; ...

PRIYABRAT BISWAL BHUBANESWAR, JANUARY 28, 2021 French auto maker Renault on Thursday unveiled its upcoming compact SUV Kiger in India, which it plans to launch in the country in the current quarter. After Kwid and Triber, Kiger is the company’s third model, which would be introduced in India, followed by other markets. Designed in India and France, KIGER, the first ...

TBB BUREAU BHUBANESWAR, JANUARY 28, 2021 Entering the ranking for the first time this year and claiming the title of the world’s 5th strongest brand, is Indian telecoms giant, Jio, with a BSI score of 91.7 out of 100 and the elite AAA+ brand strength rating.   Despite only being founded in 2016, Jio has quickly become the largest mobile network ...

TBB BUREAU MUMBAI, JANUARY 28, 2021 India’s leading fashion company, Aditya Birla Fashion and Retail Limited (ABFRL) has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 percent stake in Sabyasachi brand. Sabyasachi is India’s largest and most influential luxury designer brand with strong Indian roots and global appeal. The brand ...

TBB BUREAU BHUBANESWAR, JANUARY 25, 2021 Over 3.5 lakh registered health workers in Odisha will be inoculated the second dose of Covid-19 vaccine as the vaccination drive will begin in State from February 14. State Health Director Dr. Bijay Panigrahi told media persons that those who had been vaccinated during the first phase of vaccination on January 16, will be ...

TBB BUREAU ROURKELA, JANUARY 25, 2021 State-run Rourkela Steel Plant (RSP) has bagged Grow Care India “Gold Award”–2020 for demonstrating high level of commitment and contributions made towards making positive impact on environment.  In a function organised on January 23, RSP CEO Dipak Chattaraj handed over the Trophy and the Certificate to CGM (Utilities) Atish Chadra Sarkar in preswence of ...

PRIYABRAT BISWAL BHUBANESWAR, JANUARY 25, 2021 The Apex development finance institution of the country, National Bank for Agriculture and Rural Development (NABARD)on Monday estimated Odisha’s total credit requirement of Rs. 1,10,735 crore for the financial year 2021-22 with greater emphasis on crop diversification, animal husbandry and fishery sector apart from greater thrust on enhancing credit flow to Self Help Groups ...

TBB BUREAU BHUBANESWAR, JANUARY 25, 2021 Zee Sarthak, the leading general entertainment channel of Odisha and known for catering to the taste of Odia viewers, today launched its new mega serial “Kemiti Kahibi Kaha” with the legendary Odia actors Siddhant Mohapatra and Supriya Nayak. The serial will be aired in the prime slot, 8-8:30 pm from Monday to Saturday. Produced ...

TBB BUREAU BHUBANESWAR, JANUARY 24, 2021 Committing to growth and enhanced connectivity, AirAsia India today commenced operations on a new route, connecting Bhubaneswar with non-stop flights to Pune and Kolkata 6 days every week. Odisha Commerce and Transport Minister Padmanabha Behera flagged off the flight operation. The minister said it would boost the tourism sector and help in growing economy ...

TBB BUREAU ROURKELA, JANUARY 24, 2021 SAIL Gaurav Diwas was celebrated by Rourkela Steel Plant (RSP) at Ispat Stadium here today with pomp and gaiety. RSP CEO Dipak Chattaraj unfurled the SAIL flag to mark the occasion. He also administered the health and fitness pledge. Chattaraj along with Raj Vir Singh, ED (P&A), Pankaj Kumar, ED (Projects), C R Mohapatra, ...

TBB BUREAU BHUBANESWAR, JANUARY 24, 2021 National Girl Child Day was celebrated by ‘Kanya Kiran’, a unique initiative of KIIT & KISS, across 34 places including 30 district headquarters of Odisha today. On the occasion, a national virtual webinar on ‘Kanya Kiran – Educating Girl Child for Building an Equitable Society’ was organized at KIIT. Dr. Sunitha Krishnan, Founder, Prajjwala; ...

TBB BUREAU BHUBANESWAR, JANUARY 24, 2021 SBI Life Insurance has extended support to Trilochan Netralaya, a unit of Vision India Foundation, for the project “Cataract Blind Free Sambalpur” which aims at eradication of preventable blindness and provision of qualitative eye care services for the underprivileged sections of society. In order to make institutional eye care facilities accessible to everyone in ...