The Business Bytes

TBB BUREAU JHARSUGUDA, AUG 8, 2023 Vedanta Aluminium, in association with the Directorate of Factories and Boilers of the Odisha Government, recently conducted an on-site mock drill to counter transformer fires, at its aluminium smelter in Jharsuguda. This milestone event marked the first-of-its-kind drill conducted within a transformer area among all industries in Jharsuguda, a strong testament of Vedanta Aluminium’s ...

TBB BUREAU RANCHI, AUG 8, 2023 NTPC Renewable Energy Limited has emerged as the successful bidder for 80 MW Floating Solar capacity at Omkareshwar Reservoir, Khandwa in Madhya Pradesh. The bidding was conducted on Tuesday by Rewa Ultra Mega Solar Limited (RUMSL), the JV Company of Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Ltd. The discovered ...

TBB BUREAU JODA/BARBIL, AUG 8, 2023 Jindal Steel & Power (JSP) celebrated the 93rd birth anniversary of its founder OP Jindal, on Monday. The day was marked by a series of spiritual, cultural and sporting events at the company’s Barbil Pellet Plant, Tensa and Kasia Iron Mines. At the Barbil Pellet Plant, floral tributes were paid to OP Jindal at ...

TBB BUREAU AHMEDABAD, AUG 8, 2023 Riding on higher income from operations, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday posted over 80 per cent rise in its consolidated net profit to Rs 2,119.38 crore in the April-June quarter of the current financial year (Q1FY24) as against net profit of Rs 1,177.46 crore in the corresponding period in ...

Gone are the days when mutual fund units were exclusively held in folio form. Over a decade ago, in 2011, SEBI directed mutual fund houses to give investors the option to hold their units under open-ended schemes in their demat account, to enable them to better manage their portfolios. Since then, a growing number of investors are choosing to leverage ...

TBB BUREAU NEW DELHI, AUG 8, 2023 Coal/Lignite PSUs under the Ministry of Coal have not only enhanced their production level over the years to meet the rising energy demand of the country, but have also shown matching sensitivity and care towards native environment by adopting various mitigation measures, including reclamation of mined out areas and extensive plantation in and ...

TBB BUREAU NEW DELHI, AUG 8, 2023 The Union Steel Ministry has constituted 13 Task Forces with the engagement of industry, academia, think tanks, S&T bodies, different Ministries and other stakeholders to discuss, deliberate and recommend upon decarbonisation of the steel sector. The Task Force on Skill Development is constituted to carry out discussions on skilling, up-skilling and re-skilling of ...

TBB BUREAU NEW DELHI, AUG 8, 2023 In a major boost to fruits exports prospects, Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh pomegranate to the USA through air route. The first export consignment of pomegranate to ...

TBB BUREAU BHUBANESWAR, AUG 8, 2023 FIFA has awarded media rights in the Indian Subcontinent to the FIFA Women’s World Cup Australia & New Zealand 2023 to 1Stadia, a renowned sports media rights company,to d istribute across six territories in this region (India, Nepal, Pakistan, Bangladesh, Bhutan, Sri Lanka). 1Stadia’s distribution strategy for the FIFA Women’s World Cup Australia & ...

TBB BUREAU MUMBAI, AUG 8, 2023 Owing to strong demand from the infrastructure, real estate, irrigation, and water supply and sanitation (WSS) sectors, revenue of electric resistance welded (ERW) steel pipes manufacturers is expected to grow 10-12 per cent in the current financial year (FY24), a CRISIL report said on Tuesday. The industry had logged 16-18 per cent growth last ...