The Business Bytes

TBB BUREAU MUMBAI, JUNE 13, 2023  India’s aluminium exports to the European Union (EU) are set to become unviable once the 27-nation bloc implements the Cross-Border Adjustment Mechanism (CBAM) to help reduce its carbon emissions and eventually attain Net-Zero carbon emissions by 2050, a CRISIL report says. Under CBAM, which takes effect in a few months — the transition phase ...

JAYAJIT DASH In a shocking revelation, the recent data breach of CoWIN, the government’s COVID-19 vaccination registration portal, has highlighted the precarious state of data security in India. Reports have surfaced indicating that a Telegram bot has been leaking the personal information of millions of Indians who registered on CoWIN, including sensitive details such as Aadhaar numbers, passport information, gender, ...

TBB BUREAU BHUBANESWAAR, JUNE 12, 2023 The Indian senior men’s team edged Vanuatu 1-0 to book their place in the Hero Intercontinental Cup Final on Monday, June 12, 2023, at the Kalinga Stadium in Bhubaneswar. It was the Blue Tigers’ seventh straight win on home soil, a run that includes six clean sheets. After a dominating 80 minutes in which ...

TBB BUREAU BHUBANESWAR, JUNE 12, 2023 Mongolia earned their first point in the Hero Intercontinental Cup 2023 when they held mighty Lebanon to a goalless draw at the Kalinga Stadium, here on Monday.  Mongolia, who lost their first match against India, now have one point from two matches in the four-team round robin. Lebanon have three points from two matches. ...

TBB BUREAU BHUBANESWAR, JUNE 12, 2023 Odisha emerged overall champions in both the men’s and women’s categories in the first Janjatiya Khel Mahotsav, which concluded on Monday. The grand sporting extravaganza, a joint initiative of the Union Ministry of Culture and the Odisha Government, was hosted by KIIT. The first edition of the mega event attracted the participation of 5,000 ...

TBB BUREAU DHUBRI, JUNE 12, 2023 Union Ports, Shipping and Waterways Minister Sarbananda Sonowal on Monday said that the Centre was committed to invest in the infrastructure related to inland waterways to ensure smooth conduit for transportation and unlock the economic potential of the interior parts of the country. Participating in the stakeholders meeting aimed at unlocking the Export Import ...

TBB BUREAU BHUBANESWAR, JUNE 12, 2023 Tata Power Central Odisha Distribution Ltd (TPCODL) has implemented several special measures to ensure uninterrupted power supply during the ongoing severe heatwave, as forecasted by the India Meteorological Department (IMD). The Company has almost completed the network restoration work following the recent nor’wester. The dedicated workforce of TPCODL has been tirelessly worked day and ...

TBB BUREAU ROURKELA, JUN 12, 2023 The Steel Melting Shop-I (SMS-I) of SAIL-run Rourkela Steel Plant (RSP) achieved a remarkable milestone by producing 1,932 tonnes of crude steel in a single day on Sunday. The achievement was made possible through a record-breaking 28 blows, surpassing the previous best of 27 blows and 1,878 tonnes of production recorded on November 30, ...

TBB BUREAU NEW DELHI, JUNE 12, 2023 The Government of India and the Asian Development Bank (ADB) on Thursday signed a $130 million loan to increase agricultural productivity, improve access to irrigation and promote horticulture agribusinesses to raise farmers’ income in the state of Himachal Pradesh. The signatories to the Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Addition Project were ...

TBB BUREAU NEW DELHI, JUNE 12, 2023 The Centre has released Rs 1,18,280 crore as the third instalment of tax devolution to States in June, as against normal monthly devolution of Rs 59,140 crore. ”The Union Government has released 3rd instalment of tax devolution to State Governments amounting to Rs 1,18,280 crore on 12th June 2023, as against normal monthly ...