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Author Archives: Editor

Centuary Mattress launches eco-friendly ‘Foamtastic’ mattresses

TBB BUREAU BHUBANESWAR, SEPT 08, 2022 Expanding its foam mattress portfolio, Centuary Mattress on Thursday launched a collection of eco-friendly foam mattresses – The Foamtastic. The latest mattress range includes Posture Pro, Vibex, Softopedic 2.0 and Tuff 2.0. Foamtastic’s Posture Pro is a firm memory foam mattress powered by the new Copper Gel Technology that supports the back and ensures ...

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Jindal Steel & Power awarded for best CSR impact initiative

TBB BUREAU BHUBANESWAR, SEPT 08, 2022 Home-grown steel major Jindal Steel & Power Ltd (JSP) has been honoured with the “Best CSR Impact Initiative Award” for its high-impact sustainable social development interventions. On behalf of the Company, President & Group CSR Head Prashant Hota received the award in the Eastern India Leadership Awards programme held at Kolkata by World CSR ...

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Web 3.0 – Reimagining Internet’s Future with Blockchain

Priyadarshi Nanu Pany Let me roll back the calendar to October 2021. If you recall, Facebook (now Meta) then suffered a major outage for around six hours. Facebook-owned social platforms- WhatsApp and Instagram, too, faced blackout. It was an unanticipated shock for folks glued to these sticky platforms. At the same time, it triggered economic losses worth millions of dollars ...

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Goyal calls upon Indian Diaspora to convey the world the tremendous business opportunities India offers

TBB BUREAU NEW DELHI, SEPT 08, 2022 Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said while the Indian Diaspora in the US has been very professional and innovative in their approach, they have simultaneously maintained the strong connect with Indian culture and value system, thus keeping the soul of ...

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Odisha CM announces stadium, high performance centre for Kho Kho

TBB BUREAU BHUBANESWAR, SEPT 07, 2022 Odisha Chief Minister Naveen Patnaik on Wednesday announced that the Odisha Government would support towards excellence of Kho Kho and establish a stadium for Kho Kho and a High Performance Centre (HPC) to develop the game. Patnaik made this announcement while felicitating the Odisha Juggernauts for emerging champions at the inaugural edition of the ...

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Odisha Govt signs MoU with Tata Memorial Centre to set up 200-bed cancer hospital

TBB BUREAU BHUBANESWAR, SEPT 07, 2022 The Odisha Government on Wednesday signed a memorandum of understanding (MoU) with the Tata Memorial Centre, Mumbai for setting up a state-of-the-art Cancer Hospital at the NISER campus near the state capital. Director of Tata Memorial Centre Mumbai Dr Rajendra Badwi and Odisha’s Special Secretary Public Health Dr Ajit Kumar Mohanty signed the MoU ...

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AM/NS India Ultimate Kho Kho-2022 winner Odisha Juggernauts team

TBB BUREAU BHUBANESWAR, SEPT 07, 2022 ArcelorMittal Nippon Steel India (AM/NS India) felicitated the team of Odisha Juggernauts, the champions of Ultimate Kho Kho Tournament 2022, at a glittering ceremony held here on Tuesday. AM/NS India-backed Odisha Juggernauts team clinched the Ultimate Kho Kho Champions trophy defeating Telugu Yoddhas in the final match held at Pune on Sunday, thus winning ...

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Groomed by JSP Foundation, Barbil youths shine in National Junior Wushu Championship

TBB BUREAU JODA/BARBIL, SEPT 07, 2022  Bringing glory to the mineral-rich land of Joda-Barbil, four youths from Barbil, with all-round support of JSP Foundation, bagged two gold, one silver and one bronze medals while representing Odisha in the 21st National Junior Wushu Championship held at Kozhikode in Kerala from 1st to 6th September.  The team performed remarkably well in the ...

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TPSODL launches all-women Customer Relation Centre in Berhampur

TBB BUREAU BERHAMPUR, SEPT 07, 2022 Tata Power Southern Odisha Distribution Limited (TPSODL) has launched all-women Customer Relation Centre in Berhampur. The centre is managed entirely by the female staff that includes the customer care executives, cashiers, housekeeping staff and the security guard. This Customer Relation Centre (CRC), inaugurated by Tata Power CEO & MD Praveer Sinha and equipped with ...

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Sterlite Power commissions 400kV transmission line in Gujarat ahead of schedule

TBB BUREAU DELHI, SEPT 07 2022 Sterlite Power’s Mumbai Urja Marg Transmission Limited (MUML) successfully commissioned 400kV Banaskantha, Kansari and Vadavi Transmission lines in Gujarat. The high voltage transmission line will help in the evacuation of 1000 MW of renewable power from the pooling station at Bhuj in northern Gujarat to the national grid. In addition to that, the transmission ...

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Honda Amaze crosses 5-lakh cumulative sales milestone

TBB BUREAU NEW DELHI, SEPT 07, 2022 Honda Cars India Ltd. (HCIL) on Wednesday announced that its popular family sedan Honda Amaze has cumulatively sold 5 lakh units since its first introduction in 2013. The car, presently in its second generation version, holds a strong position in India’s entry sedan segment and enjoys a preferred brand status among personal buyers. ...

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India provides best investment opportunity to investors across the world: Union Minister Goyal

TBB BUREAU BHUBANESWAR, SEPT 06, 2022 Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Tuesday said that India today provides the best investment opportunity to the investors across the world, while calling upon investors in the US to avail the opportunities that India offers. He said this while addressing the US ...

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Team KGF Warriors lifts JSP Futsal Championship Cup

TBB BUREAU JODA/BARBIL, SEPT 06, 2022 In a keenly contested final held at the Eden Garden Playground of Jindal Nagar, Barbil Pellet Plant recently, KGF Warriors (Maintenance Department) got the better of the Black Panthers (Operation Department) to lift the first edition of the ‘JSP Futsal Championship Cup’. In a thrilling and competitive final match, both the teams played exceptionally ...

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Centre releases PDRD grant of Rs 7,183 cr to 14 States

TBB BUREAU NEW DELHI, SEPT 06, 2022 Following recommendation of the 15th Finance Commission, the Union Finance Ministry on Tuesday released the sixth monthly instalment of Post Devolution Revenue Deficit (PDRD) grant of Rs 7,183.42 crore to 14 states. The Commission has recommended a total PDRD grant of Rs 86,201 crore to 14 states for 2022-23., which is released by ...

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Vedanta’s Jharsuguda Aluminium Smelter reduces Specific Water Consumption by 11pc in FY22

TBB BUREAU BHUBANESWAR, SEPT 06, 2022 Vedanta Aluminium, India’s largest producer of aluminium, on Tuesday said that its Aluminium Smelter-I at Jharsuguda in Odisha has emerged as a national benchmark in water efficiency amongst aluminium smelters in India. The smelter has substantially reduced its Specific Water Consumption (water consumed per unit of metal produced) by around 11per cent in the ...

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NTPC Swayamsiddha Ladies Club felicitates Blind School Teachers on Teachers’ Day

TBB BUREAU RANCHI, SEPT 06, 2022 Swayamsiddha Ladies Club of NTPC Coal Mining Headquarters in Ranchi on Teachers’ Day felicitated the teachers of one of the oldest schools of Ranchi, St. Michael Blind School, residential school for children with visual impairment. On this occasion, Mahua Mazumder, President, Swayamsiddha Ladies Club conveyed good wishes to the teachers on the occasion of ...

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MOFSL launches financial market research & analysis platform ‘RESEARCH 360’

TBB BUREAU BHUBANESWAR, SEPT 06, 2022 Motilal Oswal Financial Services Limited (MOFSL) on Tuesday announced the launch of ‘RESEARCH 360’, a first-of-its-kind financial market research & analysis platform. This unique platform will act as a one-stop destination for the investors and traders to perform detailed fundamental and technical research which will help in taking prudent investment or trading decisions in ...

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Reliance Industries to acquire US SenseHawk for $32 mn

TBB BUREAU MUMBAI, SEPT 06, 2022 Reliance Industries Ltd (RIL) has signed definitive agreements to acquire a majority stake in the US-based SenseHawk Inc for $32 million. In a regulatory filing late Monday, Reliance Industries said it has inked an agreement to acquire majority stake in SenseHawk for $32 million including funding for future growth, commercial rollout of products, and ...

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Kotak Asset Management Company launches Business Cycle Fund

TBB BUREAU BHUBANESWAR, SEPT 06, 2022 Kotak Mahindra Asset Management Company Ltd on Tuesday announced the launch of Kotak Business Cycle Fund, an open-ended scheme following business cycles based investing theme that would invest in stocks and sectors of the companies that can navigate through economic cycles. The scheme opens for public subscription on 7th September, 2022 and closes on ...

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Future Generali launches ‘FG Health Absolute’

TBB BUREAU BHUBANESWAR, SEPT 05, 2022 Future Generali India Insurance Company Limited (FGII) has launched a comprehensive health insurance product – FG Health Absolute, designed towards empowering customers to actively manage their health and leading a healthy lifestyle. FG Health Absolute comes with a host of wellness benefits provided as a part of the product. The policy helps customers access ...

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NTPC acquires Jhabua Power through Corporate Insolvency Resolution route

TBB BUREAU NEW DELHI, SEPT 05, 2022   India’s largest integrated power producer NTPC Ltd has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal (NCLT), Kolkata. This is the first acquisition of a power asset by NTPC through NCLT route, a step forward in accomplishing NTPC’s long-term capacity targets. Shareholders Agreement ...

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Modi announces PM-SHRI scheme to develop & upgrade 14,500 schools

TBB BUREAU NEW DELHI, SEPT 05, 2022            On the occasion of Teacher’s Day on Monday, Prime Minister Narendra Modi announced a new scheme — PM-SHRI Yojana — to develop 14,500 schools as model schools that will be equipped with modern infrastructure, including labs, smart classrooms, libraries, and sports facility. Announcing the scheme, the Prime Minister said the schools developed ...

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Data consumption increased 100 times in 6 years of Jio

TBB BUREAU BHUBANESWAR, SEPT 05, 2022 India’s largest telecom operator Reliance Jio has completed six years of commercial commencement of its services on September 5, 2022. In these six years, the telecom industry witnessed massive transformation and registered over 100 times increase in average per capita data consumption per month. According to data published by Telecom Regulatory Authority of India ...

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InsuranceDekho launches travel insurance

TBB BUREAU NEW DELHI, SEPT 05, 2022 One of the India’s leading Insurtech startup, InsuranceDekho, has recently expanded its product portfolio by offering ‘Travel Insurance’ on its online platform. It has partnered with HDFC Ergo, Reliance General, Care, ICICI Lombard and Bajaj Allianz to offer the travel insurance products and is in the process of tying up with other insurers. ...

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Margin pressure to ease for steel makers in H2FY23

TBB BUREAU NEW DELHI, SEPT 05, 2022 The operating margin of domestic primary steelmakers is estimated to fall to 14-16% in the first half of this fiscal, compared with a decadal high 30% for the whole of last fiscal, due to high input costs, lower realisations and imposition of export duty on finished steel products, among other reasons, says a ...

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Shyam Steel to invest Rs 2500 crore in brownfield and greenfield projects

TBB BUREAU BHUBANESWAR, SEPT 05, 2022 Shyam Steel, one of the leading producers and manufacturers of primary TMT bars, on Monday announced major plan to expand its retail operations across North India and the NCR region. The company plans to undertake investments of around Rs 2500 crore in brownfield and greenfield projects to expand its production capacity. North India has ...

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Fastest and fifth largest: India’s economy is unstoppable

Anurag Singh Thakur Anurag Singh Thakur It may be coincidental, but it is nonetheless of profound satisfaction for every Indian that India has surpassed Britain to emerge as the world’s fifth largest economy in the 75th year of its independence from British colonial rule. This achievement also comes at a time when Britain is struggling to shore up its plummeting ...

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Jio to lead India’s transition from 4G to 5G as it turns six

TBB BUREAU BHUBANESWAR, SEPT 04, 2022 As it turns six, Reliance Jio is yet again set to lead India’s next digital transition – from 4G to 5G. Reliance Jio’s launch of True 4G services on September 5, 2016, drove India’s digitalisation in a great way, improving ease of living for millions and creating hundreds of billions of dollars of wealth. ...

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Rashtriya POSHAN Maah 2022: NTPC Swayamsiddha Ladies Club distributes food items to underprivileged tribal children

TBB BUREAU RANCHI, SEPT 4, 2022 Swayamsiddha Ladies Club of NTPC Coal Mining Headquarters distributed essential food items at Adim Jati Sewa Mandal, Ranchi, home for underprivileged tribal children and physically challenged children, as part of the observance of National Nutrition Month (Rashtriya POSHAN Maah). The Ladies Club distributed rice, dal, vegetable oil, pulses, health drink, fruits etc. under its ...

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TPCODL sets up Skill Development Centre to upskill employees

TBB BUREAU BHUBANESWAR, SEPT 04, 2022 TPCODL-Skill Development Centre (SDC) is an endeavour of TP Central Odisha Distribution Limited (TPCODL) to ensure skill development, technical training and exposure to new practices in the power distribution sector. The company inaugurated its first such training centre in Bhubaneswar recently for its employees working under Bhubaneswar 1 Electricity Circle. TPCODL plans to open ...

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NTPC registers 62pc growth in coal production from its captive mines

TBB BUREAU RANCHI, SEPT 02, 2022 NTPC Ltd, India’s largest integrated energy producer, continues to demonstrate excellence in operations with an increasing trend in coal production from its captive mines. NTPC has produced 7.36 MMT of coal as per data available on  August 31, 2022 registering a robust growth of 62 per cent compared to 4.55 MMT achieved during the ...

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KIMS ranks 16th among best private medical institutes in India, numero uno in Odisha

TBB BUREAU BHUBANESWAR, SEPT 02, 2022 City-based Kalinga Institute of Medical Sciences (KIMS) which has been at the forefront of path breaking research work and advanced medical care, has been ranked the 16th best private medical institute in India. In the latest survey conducted by the Week Magazine in association with Hansa Research, KIMS, a constituent of KIIT Deemed-to-be-University, has ...

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Delhi Half Marathon renamed ‘Vedanta Delhi Half Marathon’

TBB BUREAU NEW DELHI, SEPT 02, 2022 Indian conglomerate Vedanta Limited​ ​announced its support for distance running as it  inked a five-year deal as the title sponsor for the world’s prestigious Delhi Half Marathon, promoted by Procam International. The World Athletics Elite Label Race will now be known as Vedanta Delhi Half Marathon. Along with this, the natural resources major will ...

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Performax signs Jasprit Bumrah as Brand Ambassador

TBB BUREAU MUMBAI, SEPT 02, 2022 Performax, a high-performance & technologically advanced activewear brand from Reliance Retail’s fashion and lifestyle portfolio has signed cricket star and India’s top bowler, Jasprit Bumrah as its brand ambassador. Performax is a home-grown brand which is proudly Indian and aspires to become the 1st Indian sportswear brand of global recognition. Both Jasprit Bumrah and ...

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Coal India training helps local youth in Odisha get employment

TBB BUREAU SAMBALPUR, SEPT 02, 2022 Coal India Limited (CIL)’s skill development programme for the local youth in Sundargarh, Jharsuguda and Angul districts of Odisha has turned out to be a boon in disguise. The youth, after successful training, have been bagging jobs. Eighty two of the 115 youth trained by CIL so far, have joined reputed companies like Amara ...

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INS Vikrant constructed with SAIL’s specialty steel

TBB BUREAU NEW DELHI, SEPT 02, 2022 Steel Authority of India Limited (SAIL) has supplied the entire specialty DMR grade steel for the nation’s first indigenously built aircraft carrier INS Vikrant, which was commissioned by Prime Minister Narendra Modi at the Cochin Shipyard in Kerala today. In a major feat and towards building an ‘Atmanirbhar Bharat’, SAIL has supplied about ...

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INS Vikrant a unique reflection of India becoming self-reliant: PM Modi

TBB BUREAU KOCHI, SEPT 02, 2022 “INS Vikrant is a unique reflection of India becoming self-reliant,” said Prime Minister Narendra Modi while commissioning the first indigenous aircraft carrier at the Cochin Shipyard in Kerala today. “Vikrant is huge, massive, and vast. Vikrant is distinguished, Vikrant is also special. Vikrant is not just a warship. This is a testament to the ...

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Vedanta Lanjigarh bags multiple awards for Environmental, Healthcare & Education initiatives

TBB BUREAU LANJIGARH, SEPT 02, 2022 India’s premier producer of metallurgical grade alumina, Vedanta Limited – Lanjigarh, has bagged a trio of awards for its initiatives in environment, healthcare, and education. The company bagged the first prize for ‘Environmental Protection’ at the 22nd Greentech Environment Awards-2022, and also stood first with its impactful initiatives in ‘Promotion of Healthcare’ and ‘Promotion ...

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ICSI launches new syllabus for 2023 academic year

TBB BUREAU BHUBANESWAR, SEPT 1, 2022 The Institute of Company Secretaries of India (ICSI) on Thursday launched its new syllabus for the academic years starting from 2023 under the New Education Policy, ICSI President Devendra V Deshpande announced. The new syllabus would be effective from 2023 onwards. ICSI has factored in over 5000 feedbacks and suggestions from the general public ...

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RSP’s Silicon Steel Mill sets new benchmark in monthly production

TBB BUREAU ROURKELA, SEPT 1, 2022               Continuing its record breaking spree, Silicon Steel Mill of SAIL-run Rourkela Steel Plant (RSP) has registered a new record in monthly production by rolling 7,525 tonnes of saleable steel in August 2022. This is the highest saleable steel production of the unit. The previous best of 7,505 tonnes was achieved in May 2008. ...

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Ashok Leyland bags mega order for 1,400 school buses

TBB BUREAU CHENNAI, SEPT 01, 2022 Ashok Leyland, the flagship brand of the Hinduja Group, the fourth largest bus manufacturer in the world and a transnational transportation and mobility solutions leader, today announced bagging orders from major fleets for 1,400 school buses in UAE- the company’s largest ever supply of school buses in UAE. The 55-seater Falcon bus and 32-seater ...

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TVS Motor sales grows by 15pc in August 2022

TBB BUREAU HOSUR, SEPT 01, 2022     TVS Motor Company registered a growth of 15% in August 2022 with sales of 333,787 units as against 290,694 units in the corresponding month in the year 2021.  Total two-wheelers registered a growth of 15% in August 2022 with sales increasing from 274,313 units in August 2021 to 315,539 units in August 2022.  Domestic ...

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UPI transactions reach 657 crore in August worth Rs 10.72 lakh cr

TBB BUREAU NEW DELHI, SEPT 01, 2022 The Unified Payments Interface (UPI) registered a record 657 crore transactions worth Rs 10.72 lakh crore in August 2022, the National Payments Corporation of India (NPCI) data showed on Thursday. The year-on-year (YoY) growth in UPI volumes is up almost 100 per cent and amounts transacted grew by 75 per cent YoY in ...

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How Golden Records Citizen Database Can Empower Governance

Priyadarshi Nanu Pany Just think how easy it would be for us if we could just approve a pre-filled Income Tax (IT) returns form. An auto-generated tax return means a break from the drudgery of filling in details! Can we make this possible? Yes, if the governments have a master data repository of citizens’ data. Or a golden records database ...

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GST collection up 28pc at Rs 1.43 lakh cr in August 2022

TBB BUREAU NEW DELHI, SEPT 01, 2022             Riding on rising demand, higher rates, and greater compliance, India’s tax collection from the sale of goods and services increased by 28 per cent to Rs 1.43 lakh crore in August 2022.            The GST collection remained above the Rs 1.4-lakh-crore mark for the sixth straight month in August and the ensuing ...

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Odisha CM invites industries to invest ahead of ‘Make In Odisha’ Conclave

TBB BUREAU NEW DELHI, AUG 31, 2022 Addressing the Investors’ meet and curtain raiser for the ‘Make in Odisha’ Conclave in the national capital on Wednesday, Odisha Chief Minister Naveen Patnaik urged the investors to invest in Odisha. In a continuing effort to be the country’s leading investment destination, the Odisha Government, in collaboration with the Federation of Indian Chambers ...

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NTPC gets shareholders’ nod to raise up to Rs 12K Cr via NCD

TBB BUREAU NEW DELHI, AUG 31, 2022 India’s largest energy conglomerate NTPC Ltd has got shareholders’ approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures (NCD) on private placement basis. A resolution to this effect was passed with requisite majority in the annual general meeting of the company held on Tuesday. The funds to be raised ...

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Jajpur youth Satyabrata Das scales Mt. Satopanth

TBB BUREAU KALINGANAGAR, AUG 31, 2022 Satyabrata Das, a mountaineer from Jajpur district of Odisha, has achieved a rare feat by successfully completing a mountaineering expedition to the Mount Satopanth peak in Uttarakhand on Tuesday. Das from Kumbhiragadia village under Danagadi Block of Jajpur district is among the five who made it to the peak in the group of eight ...

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