The Business Bytes

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 ...

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 ...

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 ...

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 ...

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 ...

TBB BUREAU NEW DELHI, SEPT 05, 2022 India’s overall coal production increased by 8.27 per cent to 58.33 Million Ton (MT) from 53.88 MT during August, 2022 as compared to August 2021. As per the provisional statistics of the Ministry of Coal, during August 2022, Coal India Ltd (CIL) and captive mines/ others registered a growth of 8.49 and 27.06 ...

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 ...

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. ...

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 ...

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 ...