The Business Bytes

TBB BUREAU NEW DELHI, FEBRUARY 11, 2022 Naveen Jindal-led Jindal Steel and Power bagged Utkal-C coal mine while while Aditya Birla Group company Hindalco Industries was the highest bidder for the Meenakshi Mine in Odisha during the second and third days of auction of coal blocks for commercial use. BS Ispat Ltd bagged the Majra mine in Maharashtra, while Assam ...

TBB BUREAU BHUBANESWAR, FEBRUARY 10, 2022 Industry body Confederation of Indian Industry (CII) has sought Odisha Chief Minister Naveen Patnaik’s intervention in resolving the ongoing coal crisis in the State which is affecting the business of the state-based industries. In a letter to the Chief Minister, CII Odisha State Council Chairman Manish Kharbanda said, “Odisha’s significant trade bodies like UCCI, ...

TBB BUREAU SAMBALPUR, FEBRUARY 10, 2022 Mahanadi Coalfields Limited (MCL) added a new feather to its cap by crossing the coal dispatch figure of 150 million tonnes in the current financial year. MCL Chairman-cum-Managing Director OP Singh congratulated the Team MCL for creating history by surpassing coal dispatch of 150 million tonnes on Wednesday. Singh also thanked the Indian Railways ...

TBB BUREAU MUMBAI, FEBRUARY 10, 2022 Aluminium major Hindalco Industries on Thursday reported 96 percent jump in consolidated net profit at Rs 3,675 crore for the third quarter (Q3) of the current financial year (FY22) as against Rs 1,877 crore in the year-ago period. Consolidated revenue from operations rose 44 percent to Rs 50,272 crore from Rs 34,958 crore in ...

TBB BUREAU BHUBANESWAR, FEBRUARY 10, 2022 The Institute of Company Secretaries of India (ICSI), New Delhi organised ICSI Constitution Day Quiz-2021 on 26th November, 2021 through online mode to commemorate the Constitution Day of India in National Level for the students of Schools/Colleges/Universities across the Country under the banner of “Azad Ka Amrit Mahotsav”.  Snehil Garg, a B. Com student ...

TBB BUREAU BHUBANESWAR, FEBRUARY 10, 2022  Reliance Jewels, India’s leading jewellery brand, has launched “Floreo”- a special Valentine’s Day collection for those who help love grow. With the concept of love growing and becoming stronger with time, Reliance Jewels embraces the season of love with the launch of this exquisite diamond jewellery collection with minimalistic and modern designs to celebrate ...

TBB BUREAU NEW DELHI, FEBRUARY 09, 2022 Riding on higher income, state-run Steel Authority of India Ltd (SAIL) on Wednesday reported a 4.1 per cent rise in consolidated net profit at Rs 1,528.54 crore for the third quarter of the current fiscal (Q3FY22) as compared to Rs 1,468.20 crore in the year-ago period. Its consolidated income during the quarter under ...

TBB BUREAU GOA, FEBRUARY 9, 2022 FC Goa kept their slim playoff hopes alive with a five-star performance against Chennaiyin FC whose aspirations of a top-four spot were dealt a heavy blow, as they were humbled 5-0 in the Hero Indian Super League at the Tilak Maidan Stadium on Wednesday. Jorge Ortiz (20th, 41st, 53rd) scored a hat-trick after Makan ...

TBB BUREAU NEW DELHI, FEBRUARY 9, 2022 Notwithstanding low railway rake availability, Naveen Jindal-led Jindal Steel and Power (JSPL) on Wednesday reported that its steel sales volume registered a year-on-year growth of 20 per cent to 6.95 lakh tonnes in January this year, as compared to 5.81 lakh tonnes in January 2021. V R Sharma, MD “We have surpassed our ...

TBB BUREAU NEW DELHI, FEBRUARY 9, 2022 Tata Power, one of India’s largest integrated power companies and the leading progressive green energy brand with operations across the entire power value chain, on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the third quarter of the current financial year (Q3FY22) on the ...