The Business Bytes

TBB BUREAU CUTTACK, MAR 31, 2023 Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat Ltd on Friday said that it’s aiming to provide ‘jeevika’ to 1 million rural women through an enterprise development programme in mushroom cultivation in Odisha. Mushroom farming is a low investment and profitable agri-business model that can be easily adopted by impoverished women for ...

TBB BUREAU NEW DELHI, MAR 31, 2023 In Union Budget 2023-24, Union Finance Minister Nirmala Sitharaman announced the revamping of Credit Guarantee Scheme for Micro & Small Enterprises with effect from 01.04.2023, with an infusion of Rs 9,000 crore to the corpus to enable additional collateral-free guaranteed credit of Rs. 2 lakh crore and the reduction in the cost of ...

TBB BUREAU MUMBAI, MAR 31, 2023 Odysse Electric Vehicles, India’s fastest-growing premium electric vehicle manufacturer, today announced the launch of its new electric motorbike VADER. Odysse VADER is India’s first motorbike to be powered by 7-inch android display and can be controlled by an App and Bluetooth connectivity.  VADER motorcycle comes with a range of 125 km on Eco mode ...

TBB BUREAU JHARSUGUDA, MAR 30, 2023 In commemoration of International Women’s Day 2023, Vedanta Aluminium organised a month-long celebration with a plethora of events for its women employees and members of the local communities, themed on ‘Embrace Equity’. Vedanta Aluminium has always strived to enhance gender diversity within the company by basing its growth roadmap on the fundamental pillars of ...

TBB BUREAU RANCHI, MARCH 30, 2023 Rungta Steel, India’s fastest growing TMT bar and integrated steel products manufacturer, has unveiled their new TV commercial (TVC) featuring Bollywood’s beloved couple Alia Bhatt and Ranbir Kapoor that highlights the importance of strong partnerships in life. With the return of the cricketing season starting off with Indian Premier League (IPL), Rungta’s new TVC ...

TBB BUREAU BENGALURU, MAR 30, 2023 Modicare Limited, one of India’s leading direct selling companies witnessed an exponential growth in sales across Karnataka over the past year. Driven by the powerful vision and commitment of Azadi to the common Indian and a strong consultant base of 10 lakh, Karnataka continues to be the highest performing state in the country for ...

TBB BUREAU NEW DELHI/NOIDA, MAR 30, 2023 Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2 per cent and supply grew 1.9 per cent year-on-year (YoY), observed Magicbricks’ PropIndex Report for January-March 2023. According to the report, after recording a marginal decline of 2.5 per cent last quarter, residential demand (searches) increased 3.2 per cent ​quarter-on-qu​a​rter ...

TBB BUREAU PARIS, MAR 30, 2023 Sweden-based Scandinavian Enviro Systems and London-based private equity fund Antin Infrastructure Partners have formed a joint venture supported by Michelin to create is the world’s first large-scale tyre recycling group. The JV will combine Enviro’s unique and patented technology for the extraction of carbon black and pyrolysis oil from end-of-life tyres with Michelin’s leading ...

TBB BUREAU NEW DELHI, MAR 30, 2023 Domestic demand for stainless steel, which was 4 million tonne (MT) in fiscal 2022, is projected to log a healthy compound annual growth rate of 9% in the three fiscals through 2025, double the 4.5% pace of the past five fiscals. This will be driven by increasing adoption of stainless steel in railways ...

TBB BUREAU MUMBAI, MAR 30, 2023 Tata AIA’s Sustainability Equity Fund seeks to generate capital appreciation in the long term by investing in companies that adopt sustainable or Environmental, Social and Governance (ESG) friendly practices.  The fund will invest 80-100 per cent in equity and equity-related instruments following ESG criteria and up to 20 per cent in other equities or ...