The Business Bytes

TBB BUREAU JAJPUR, APRIL 29, 2022 The domestic demand for stainless steel will grow more in the near future and the Indian manufacturers should augment their capabilities to supply the best-quality products, Union Steel Minister Ram Chandra Prasad Singh said on Friday. Singh made the comment during a visit to the plant of the Jindal Stainless Limited (JSL) in Jajpur ...

TBB BUREAU NEW DELHI, APRIL 29, 2022 Led by improved demand situation and effective capacity utilisation, Aditya Birla Group company UltraTech Cement has recorded 47.32 per cent rise in its consolidated net profit at Rs 2,613.75 crore for the fourth quarter ended March 2022 (Q4FY22) as against Rs 1,774.13 crore registered in the year-ago period, the company said in a ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 Magik, the LED lighting brand promoted by Century Ply and Star Cement, has undertaken an aggressive marketing plan aiming to be the market leader in the Smart and LED lighting category in Odisha by the end of the current financial year. Magik has a very strong distribution network in Odisha. Presently it is available ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 Soaring prices of raw materials, especially coking coal, are likely to increase the cost of production of domestic primary steel makers and reduce their operating by 500 basis points (bps) to 24-26% this fiscal, said a CRISIL Report. The potential for price hikes may be limited because of the low discount between domestic prices ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 National Bank for Agriculture and Rural Development (NABARD) has disbursed Rs 31,786 crore in Odisha during the financial year ended 31 March 2022, recording an increase of 40% over the preceding year 2020-21. The financial support comprised Rs 14,077 crore to banks for lending towards crop loans as well as term loans in the ...

TBB BUREAU LANJIGARH, APRIL 28, 2022 Vedanta Aluminium, India’s largest producer of aluminium, took trainee students of its Skill Training Program at Lanjigarh in Kalahandi district of Odisha on an immersion tour to experience the workings of the hospitality industry. 30 trainees visited the Amrapali Hotel in Bhawanipatna and got a never-seen-before orientation on the hospitality industry, tourism, food & ...

TBB BUREAU ANGUL/BHUBANESWAR, APRIL 28, 2022 Union Steel Minister Ram Chandra Prasad Singh on Thursday dedicated TMT Rebar Mill of Jindal Steel & Power (JSP) at its 6 MTPA (million tonne per annum) integrated steel complex at Angul. The 1.4 MTPA capacity TMT Rebar Mill is one of the world’s largest and most mdern Rebar Mill, and the only producer ...

TBB BUREAU MUMBAI, APRIL 28, 2022 ICICI Bank today announced that it has launched India’s first comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, including customers of other banks. The ecosystem has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to MSMEs, who are customers of other ...

TBB BUREAU MUMBAI, APRIL 28, 2022 Spice Money, India’s leading rural fintech that is revolutionising the way Bharat banks, today announced its partnership with Religare Broking Ltd. (RBL) to enable rural citizens to apply for the mega LIC IPO, a first-of-its-kind investment opportunity. Through this association, Religare Broking and Spice Money aim to provide rural citizens with equitable access to ...

TBB BUREAU BHUBANESWAR, APRIL 28, 2022 Domestic prices of aluminium, which surged to Rs 300 per kg in March 2022, are expected to gradually decline in the second half of this fiscal and average Rs 225-235 per kg for the whole fiscal, in sync with the global trend. Domestic prices are linked to three-month contracts on the London Metal Exchange ...