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Author Archives: admin

RBI issues new framework for reclassification of Foreign Portfolio Investment to FDI

Mumbai, November 11, 2024 (TBB Bureau): The Reserve Bank of India (RBI) has introduced an operational framework allowing foreign portfolio investors (FPIs) to reclassify their holdings as foreign direct investment (FDI) if they breach the stipulated investment limit. This regulatory move aims to streamline foreign investments and ensure compliance with sectoral FDI policies. Currently, FPIs are restricted to holding less ...

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KIIT student Trishna Ray crowned Miss Teen Universe 2024

Bhubaneswar, November 11, 2024 (TBB Bureau): KIIT Deemed-to-be-University is basking in pride as Trishna Ray, a student from its School of Fashion Technology, has been crowned Miss Teen Universe 2024. The prestigious international beauty pageant, held in South Africa from November 1st to 9th, saw young contestants from around the globe showcasing their talents, intelligence, and commitment. Amidst this fierce ...

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LIC’s new premiums soar by 22.5pc to Rs 1.33 lakh crore in first seven months of FY25

New Delhi, November 11, 2024 (TBB Bureau):  The Life Insurance Corporation of India (LIC), the country’s largest life insurer, reported a substantial 22.52% growth in new business premiums, amounting to Rs 1,32,680.98 crore in the first seven months of the fiscal year FY25. This figure, revealed in LIC’s latest financial data, marks a significant increase from the Rs 1,08,289.78 crore ...

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Vedanta Lanjigarh hosts Odisha’s inaugural school-level Zonal Sports Meet 2024

Lanjigarh, November 11, 2024 (TBB Bureau): Vedanta Lanjigarh, India’s leading producer of smelter-grade alumina and a subsidiary of Vedanta Aluminium, organized the first-ever school-level Zonal Sports Meet 2024. The event, held at the DAV Vedanta International School in Lanjigarh — the region’s first English medium school, educating over 4,000 children — marked a historic occasion for the district, bringing together ...

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Justice Sanjiv Khanna takes oath as 51st Chief Justice of India

New Delhi, November 11, 2024 (TBB Bureau): Justice Sanjiv Khanna was sworn in today as the 51st Chief Justice of India (CJI), bringing with him a legacy of landmark judgments and a commitment to expediting justice delivery in the country. With his tenure set to conclude on May 13, 2025, Justice Khanna aims to leave an indelible mark on the ...

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Minister Pujari stresses urgent need for safe disposal of fly ash in Odisha’s industrial regions

Sambalpur, November 10, 2024 (TBB Bureau): Odisha’s Minister for Revenue and Disaster Management, Suresh Pujari, has emphasized the critical need for responsible fly ash disposal and management in the state’s industrial regions. This pressing call for action was highlighted during a key review meeting held at the Southern Revenue Division office in Sambalpur on Sunday, where officials discussed environmental challenges ...

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Centurion Cup 2024: Team Mayurbhanj and Team Keonjhar crowned champions

Bhubaneswar, November 9, 2024 (TBB Bureau): The Centurion Cup 2024, the prestigious Odisha State AFL (Australian Football) Championship, concluded with electrifying wins as Team Keonjhar clinched the senior men’s title, and Team Mayurbhanj emerged victorious in the senior women’s division. Organized by the Odisha Footy Association (OFA), in collaboration with Centurion University, Odisha, THAMARRURR Youth from Australia, and AFL India, ...

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Odisha-based Bon V Aero launches India’s first fully autonomous logistics drone ‘Air Orca’

Bhubaneswar, November 9, 2024 (TBB Bureau): In a landmark development for India’s drone technology and logistics sectors, Odisha-based deep tech startup Bon V Aero launched Air Orca, the nation’s first fully autonomous logistics drone. The event, hosted at C.V. Raman Global University, was made even more significant by the presence of renowned U.S. venture capitalist Tim Draper, an early backer ...

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Minor slurry pipeline leak reported at Dabuna Beneficiation Plant, AM/NS India ensures swift response

Bhubaneswar, November 9, 2024 (TBB Bureau): In a swift response to a minor incident, AM/NS India confirmed a leakage in the slurry pipeline outside its Dabuna Beneficiation Plant earlier on Saturday. The issue was detected at 10:24 am, leading the team to immediately halt pumping operations to prevent any further impact. “Today morning at 10.24 am, there was a minor ...

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For aviation, sky is not the limit but just a beginning

Bhubaneswar, November 9, 2024 (TBB Bureau): The Girls in Aviation Day 2024, celebrated at Rama Devi Women’s University in Bhubaneswar, inspired young women to envision a future in aviation. This impactful event, organized by the Odisha Commerce and Transport Department in partnership with Women in Aviation India (WAI), was themed “Empowering Dreams to Soar.” It showcased the state’s commitment to ...

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