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New Delhi, May 02, 2024 (TBB Bureau): India’s coal production for April 2024 has surged to 78.69 million metric tonnes (MT) (Provisional), marking a significant growth rate of 7.41 per cent compared to the corresponding period in the previous year, which stood at 73.26 MT. This robust growth in coal production underscores the nation’s continued efforts to meet its energy ...

Jharsuguda, May 02, 2024 (TBB Bureau): The Jharsuguda operations of Vedanta Aluminium, India’s largest producer of aluminium, has been recognized as the highest revenue generator for Indian Railways in the Sambalpur Division. The accolade was bestowed upon the company during a ceremony held at its Jharsuguda plant, where Tushar Kant Pandey, Divisional Railways Manager of Sambalpur Division, along with Tanmay ...

New Delhi, May 02, 2024 (TBB Bureau): During the recent visit of India’s Commerce Secretary Sunil Barthwal to New Zealand on April 26-27, both nations engaged in discussions aimed at enhancing collaboration in various sectors to bolster bilateral trade ties. The talks centered around fostering cooperation in areas such as pharmaceuticals, digital trade, and cross-border payment systems, reflecting a mutual ...

New Delhi, May 02, 2024 (TBB Bueau):  In a testament to its intellectual prowess and strategic acumen, energy major NTPC has emerged victorious at the prestigious SCOPE Business Quiz Bonanza (SBQB), held recently at the SCOPE Convention Centre. The triumph unfolded amidst the grandeur of the Public Sector Day celebrations, showcasing NTPC’s unwavering commitment to excellence. The winning NTPC team, ...

New Delhi, May 01, 2024 (TBB Bureau):  Adani Power on Wednesday announced impressive growth figures for FY24, with a 37% increase in revenue, reaching Rs 50,960 crore. Their continuing EBITDA more than doubled to Rs 18,789 crore. The company also reported a significant surge in consolidated profit before tax (PBT), which more than doubled to Rs 20,792 crore compared to ...

New Delhi, May 01, 2024 (TBB Bureau):  In a significant move towards social empowerment, the Dalmia Bharat Foundation (DBF), the corporate social responsibility arm of Dalmia Bharat Ltd. (DBL), has teamed up with Karur Vysya Bank (KVB) to sign a Memorandum of Understanding (MoU). The primary objective of this collaboration is to empower rural youth through skill development initiatives. The ...

New Delhi, May 01, 2024 (TBB Bureau):  In a bold move set to redefine the stainless steel landscape, Jindal Stainless, India’s premier stainless steel manufacturer, unveiled ambitious expansion and acquisition plans aimed at catapulting the company to global leadership status. With a strategic investment strategy totaling nearly Rs 5,400 crore, Jindal Stainless is poised to significantly enhance its melting and ...

New Delhi, May 01, 2024 (TBB Bureau):  Union Finance Minister Nirmala Sitharaman on Wednesday announced that India’s gross GST revenue collection for April this year surged to an all-time high of Rs 2.10 lakh crore. This marks a significant 12.4% year-on-year growth, propelled by robust increases in both domestic transactions, up 13.4%, and imports, up 8.3%. After accounting for refunds, ...

New Delhi, April 30, 2024 (TBB Bureau): Invest India underscored on Tuesday the substantial business prospects for critical mineral processing within the nation to overseas investors, elucidating the fiscal and non-fiscal perks extended to propel advancement in this burgeoning domain. On the conclding day of the critical minerals summit, primary mining states like Odisha and Andhra Pradesh also divulged the ...

New Delhi, April 30, 2024 (TBB Bureau): Who would have thought that metals and minerals could bring a chuckle? In a departure from the usual stoic Business-to-Business (B2B) approach, Vedanta Aluminium, India’s leading aluminium producer, has kicked off an amusing social media campaign dubbed ComicAL. This initiative ingeniously showcases the diverse capabilities of aluminium, often hailed as the ‘Metal of ...

Ahmedabad, April 30, 2024 (TBB Bureau):  Adani Total Gas Ltd (ATGL) on Tuesday announced robust financial results for FY24, with significant growth across key metrics. The company reported an EBITDA of Rs 1,150 crore, marking a remarkable surge of 27% year-on-year. Consolidated profit after tax (PAT) stood at Rs 668 crore, reflecting a substantial increase of 22% compared to the ...

New Delhi, April 30, 2024 (TBB Bureau):  REC, a leading government-owned financial institution, announced a robust 34% increase in net profit for the January-March quarter of the fiscal year 2023-24. The company’s net profit soared to Rs 4,016 crore, compared to Rs 3,001 crore during the same period in the previous year. The revenue from operations also witnessed a substantial ...

New Delhi, April 30, 2024 (TBB Bureau): NHPC Limited, India’s foremost entity in hydropower development, has forged a strategic alliance with M/s Ocean Sun, a pioneering Norwegian firm specializing in floating solar technology. Under the Memorandum of Understanding (MoU) inked between the two entities, NHPC and Ocean Sun are set to collaborate on the deployment and demonstration of Ocean Sun’s ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Aryan Agarwal, a student enrolled in the International Baccalaureate Diploma Programme (IBDP) at KiiT International School here, has made a significant mark by participating in The Diamond Challenge Summit held in the USA this month. This summit is renowned as the largest entrepreneurship challenge for high school students globally, drawing participants from various corners ...

Belpahar, April 29, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest producer of aluminium, has embarked on the latest phase of its innovative Project Panchhi initiative at Lakhanpur, Belpahar, in Jharsuguda district. Spearheaded under the visionary guidance of Vedanta Group Chairman, Anil Agarwal, Project Panchhi represents a pioneering corporate endeavor aimed at empowering 1,000 girls from economically marginalized communities across India ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Amidst the approaching peak summer season, Tata Power Central Odisha Distribution Limited (TPCODL) underscores the importance of responsible electricity usage. With heightened power demand looming, TPCODL acknowledges the potential risks of disruptions like fuse blowouts, cable failures, and transformer overloads, which inconvenience consumers across the board. These challenges are exacerbated by unauthorized hooking onto ...

New Delhi, April 29, 2024 (TBB Bureau):  The Union government is set to auction approximately 20 critical mineral blocks in the fourth round of auctions by the end of June, announced Mines Secretary V L Kantha Rao on Monday. Rao mentioned that the auction process for seven critical mineral blocks, initially put up for sale in the first round, is ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Hindalco, a part of the Aditya Birla Group, has initiated the “GYANARJAN Project” in Odisha, operated by Hirakud, to empower students in challenging subjects like science, math, and English. The goal is to prepare them for entrance exams to esteemed professional institutions, enabling access to quality education. In collaboration with ALOK of Burla, the ...

New Delhi, April 29, 2024 (TBB Bureau): The Union Finance Ministry on Monday unveiled plans to issue Government bonds worth Rs 28,000 crore slated for May 3, split into three tranches to be auctioned through a price-based method using the multiple price approach. The initial lot encompasses “7.33 per cent Government Security 2026” valued at Rs 6,000 crore. Following suit, ...

Ranchi, April 29, 2024 (TBB Bureau): In a dazzling display of camaraderie and celebration, NTPC Mining Limited’s Women’s Welfare Wing hosted its Annual Day Celebration with magnificence. Chief Guest Animesh Jain, Regional Executive Director (Coal Mining) & CEO (NML), along with Rekha Jain, President of the Swayamsiddha Ladies Club, inaugurated the festivities by illuminating lamps in the esteemed presence of ...

Mumbai, April 29, 2024 (TBB Bureau): Aditya Birla Group company Ultratech Cement Ltd on Monday reported a significant 35 per cent increase in net profit to Rs 2,258.58 crore during the January-March quarter of FY2023-24, attributed to robust demand for building materials and reduced operating costs. This marks a substantial rise from the Rs 1,670 crore net profit reported in ...

IN an age where screens seem to steal the spotlight and technology infiltrates every aspect of our lives, the concept of putting family first might seem like a quaint relic of the past. Yet, amidst the buzz of notifications and the allure of virtual connections, there’s an ever-growing need to rekindle the essence of what truly matters: our families. In ...

New Delhi, April 28, 2024 TBB Bureau):  The Ministry of Mines, in collaboration with the Shakti Sustainable Energy Foundation (Shakti), Council on Energy, Environment and Water (CEEW), and Indian Institute of Sustainable Development (IISD), is gearing up to host the “Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities” from April 29th to April 30th, 2024. The summit, to be held ...

BHUBANESWAR, APRIL 27, 2024 (TBB BUREAU): As the Lok Sabha elections draw near, the electorate of Sambalpur finds itself at a crossroads, evaluating a blend of local loyalty, a candidate’s proven track record, and a vision for regional advancement intertwined with influential national connections. Recent surveys indicate Union Minister Dharmendra Pradhan as the frontrunner, buoyed by his substantial achievements during ...

BHUBANESWAR, APRIL 27, 2024 (TBB BUREAU): British automotive brand MG (Morris Garages), renowned for its century-old legacy, continues its steadfast commitment to promoting green mobility in India with the launch of the MG Comet EV and ZS EV in Bhubaneswar. This strategic move marks the culmination of a nationwide tour spanning over 17 states, aimed at advocating electric vehicles (EVs) ...

RANCHI, APRIL 27, 2024 (TBB BUREAU): A delegation from the Central Electricity Regulatory Authority (CERC), led by Chairperson Jishnu Barua, embarked on a comprehensive visit to the Coal Mining Headquarters of NTPC Mining Limited (NML) in Ranchi on Thursday. Hosted by NTPC Director (Fuel) & NML Chairman Shivam Srivastava and accompanied by NTPC Director (Finance) Jaishankar Srinivasan, the CERC team ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU): “Pension Portals of all Pension Disbursing Banks to be integrated in the Integrated Pensioners’ Portal of Department of Pension & Pensioners’ Welfare to ensure Ease of Living of Pensioners” said V Shrinivas, Secretary (P&PW) while addressing the launch ceremony of the Integrated Pensioners’ Portal of Bank of India on Friday. Shrinivas emphasized the ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU):  The Union government has greenlit the export of 99,150 metric tons of onions to six neighboring countries: Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision comes amidst concerns over lower Kharif and Rabi crop yields in 2023-24 compared to previous years and rising international demand. To ensure ample domestic supply, onion ...

NEW DELHI, APRIL 26, 2024 (TBB BUREAU):   The Ministry of Ports, Shipping and Waterways (MoPSW) is actively pursuing the establishment of a dedicated Maritime Development Fund, similar to sectoral financial institutions such as Power Finance Corporation, REC, and IRFC, confirmed a senior ministry official. R Lakshmanan, Joint Secretary of MoPSW, stated that the proposed fund aims to address the unique ...

BHUBANESWAR, APRIL 26, 2024 (TBB BUREAU): In a strategic move to address the escalating power requirements, Tata Power Central Odisha Distribution Limited (TPCODL) has successfully bolstered the capacity of its Sainik School and Infocity 33/11kV substations in the capital city of Odisha. The key enhancement involves the installation of advanced 16MVA power transformers, effectively doubling the previous 8MVA capacity at ...

NEW DELHI, APRIL 25, 2024 (TBB BUREAU):   In a significant milestone for the renewable energy sector, SJVN Ltd has inaugurated India’s first multipurpose Green Hydrogen Pilot Project at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh, announced the Ministry of Power on Thursday. The project will produce Green Hydrogen using a combined heat and power ...

NEW DELHI, APRIL 24, 2024 (TBB BUREAU): Dalmia Bharat Limited, a prominent player in the cement manufacturing sector, has announced its consolidated financial results for the fourth quarter (Q4FY24) and fiscal year (FY24) ending March 31, 2024, showcasing significant growth despite market challenges. The company reported a notable surge in sales volume, with an 18.5 per cent increase year-on-year for ...

BHUBANESWAR, APRIL 24, 2024 (TBB BUREAU): Amid scorching temperatures reaching 43.8 degrees Celsius in Bhubaneswar and several cities in Odisha, the demand for power surges, placing the state on high alert. Despite the extreme conditions, Odisha Discoms’ linemen emerge as unsung heroes, tirelessly working to uphold a consistent electricity supply for the state’s 4.5 crore residents. Over 25,000 linemen from ...

BHUBANESWAR, APRIL 24, 2024 (TBB BUREAU): Khanij Bidesh India Limited (KABIL) on Wednesday formalized a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI) to solidify a lasting partnership in geophysical investigations. This alliance aims to fortify KABIL’s endeavors in critical and strategic mineral projects. The MoU signing ceremony took place ...

NEW DELHI, APRIL 24, 2024 (TBB BUREAU):  In a bid to foster collaboration and innovation within India’s automotive sector, Vedanta Aluminium, the nation’s foremost aluminium producer, orchestrated the ‘AutoEdge 2024’ conclave in New Delhi. The event, which drew participation from top automakers and component manufacturers, served as a platform to showcase Vedanta Aluminium’s diverse range of aluminium products tailored for ...

RAJGANGPUR, APRIL 24, 2024 (TBB BUREAU): Dalmia Cement (Bharat) Limited, in collaboration with Zilla Swasthya Samiti, NHM Sundargarh, inaugurated a new immunization centre at SPANDAN Hospital in Rajgangpur. Recognized as the premier hospital within industrial settings for its top-notch infrastructure and services, SPANDAN Hospital offers round-the-clock emergency and ambulance services, as well as OPD services catering to employees, their families, ...

BHUBANESWAR, APRIL 22, 2024 (TBB BUREAU): Tata Power Central Odisha Distribution Limited (TPCODL), renowned for its consumer-centric ethos and commitment to providing high-quality power, has taken bold strides to enhance electricity services for consumers in Odisha. Amidst the sweltering heatwave gripping the region and soaring electricity demands, TPCODL has implemented significant infrastructural developments to alleviate the plight of residents. In ...

MUMBAI, APRIL 22, 2024 (TBB BUREAU): Reliance Industries Limited (RIL), spearheaded by billionaire Mukesh Ambani, on Monday announced a landmark achievement with gross revenues reaching Rs 10 lakh crore ($119.9 billion) for the fiscal year ending March 31, 2024, marking a 2.6 percent year-on-year (Y-o-Y) increase. Notable highlights include an 11.7 percent year-on-year revenue growth for Jio Platforms, driven by ...

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): The Union Finance Ministry on Monday revealed plans for the sale of government bonds totaling Rs 32,000 crore, slated for Friday, April 26, 2024. Divided into two categories, the first offering comprises “7.1 per cent Government Security 2034” valued at Rs 20,000 crore, while the second includes “7.46 per cent Government Security 2073” ...

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): Vedanta Aluminium, India’s leading aluminium producer, marked Earth Day 2024 with a significant stride towards sustainability by implementing biomass briquettes for power generation. The company has commenced the use of 20 tonnes of biomass briquettes per day at its state-of-the-art alumina refinery at Lanjigarh in Odisha. This transition is expected to reduce the ...

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): In a bid to comprehensively understand the evolving landscape of Artificial Intelligence (AI) and its implications on competition, the Competition Commission of India (CCI) has announced the initiation of a Market Study. This pioneering endeavour aims to delve deep into the transformative potential of AI while addressing pertinent competition concerns arising from its ...

BHUBANESWAR, APRIL 21, 2024 (TBB BUREAU):  Tata Power Central Odisha Distribution Limited (TPCODL) is taking strides in youth empowerment through its latest Corporate Social Responsibility (CSR) endeavor, the Daksh programme. This initiative focuses on providing market-ready skill training to rural youth in Odisha, aiming to create avenues for meaningful employment and entrepreneurship. Recently, TPCODL celebrated a milestone with the convocation ...

NEW DELHI, APRIL 21, 2024 (TBB BUREAU): In a move aimed at broadening the scope of the healthcare insurance market and providing comprehensive coverage, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This significant departure from conventional constraints is expected to make healthcare coverage more ...

NEW DELHI, APRIL 21, 2024 (TBB BUREAU): India’s net direct tax collections for the fiscal year ended March 31, 2024 witnessed a substantial surge, recording a remarkable 17.7 per cent increase to reach Rs 19.58 lakh crore, announced the tax department on Sunday. The net collections of income and corporate taxes, which constitute the majority of direct taxes, surpassed both ...

NEW DELHI, APRIL 20, 2024 (TBB BUREAU): According to provisional payroll data released by the Employees’ Provident Fund Organisation (EPFO) on April 20, 2024, the organisation has witnessed a substantial increase of 15.48 lakh net members in the month of February 2024. The data further highlights that approximately 7.78 lakh new members were enrolled during February 2024. Notably, a significant ...

NEW DELHI, APRIL 19, 2024 (TBB BUREAU): In anticipation of heightened travel demand during the summer months, Indian Railways is gearing up to operate a record-breaking 9111 trips, showcasing its commitment to meeting passenger needs effectively. This substantial increase from the 6369 trips offered during the summer of 2023 demonstrates Indian Railways’ dedication to ensuring passenger convenience and seamless travel ...

NEW DELHI, APRIL 18, 2024 (TBB BUREAU):  In a resounding achievement for India’s defence capabilities, the Defence Research and Development Organisation (DRDO) has conducted a highly successful flight-test of the Indigenous Technology Cruise Missile (ITCM) from the Integrated Test Range (ITR), Chandipur, off the coast of Odisha. During the meticulously orchestrated test, all subsystems of the missile performed impeccably, meeting ...

BHUBANESWAR, APRIL 18, 2024 (TBB BUREAU): Leading credit rating agency ICRA has projected a decline in the volumes of the domestic Mining & Construction Equipment (MCE) industry for the fiscal year 2025, following two consecutive years of robust growth. The industry witnessed remarkable growth rates of 26% in FY2023 and 24% in FY2024. However, ICRA anticipates a reversal of this ...

BHUBANESWAR, APRIL 17, 2024 (TBB BUREAU):  In a concerted effort to address the healthcare needs of underprivileged communities, the Dalmia Bharat Foundation (DBF), the Corporate Social Responsibility (CSR) arm of Dalmia Bharat Ltd. (DBL),  in collaboration with Care Netram organized a transformative eye check-up camp at the Occupational Health Centre located at Dalmia Cement’s Cuttack plant – Kapilas Cement Works ...

MUMBAI, APRIL 17, 2024 (TBB BUREAU): In a heartwarming twist of fate amidst the fervor of the TATA IPL 2024 season, Gopinath Sahoo, a grocery shop owner from Puri district of Odisha, has emerged as a fortunate winner in JioCinema’s Jeeto Dhan Dhana Dhan contest. His unexpected victory not only adds to the joy of cricket enthusiasts but also highlights ...