The Business Bytes

TBB BUREAU LUXEMBOURG / MUMBAI, FEBRUARY 14, 2022 In a major development in Indian mobile space, country’s leading digital service provider Jio Platforms Limited (JPL) has formed a joint venture – Jio Space Technology Limited – with global satellite-based content connectivity solutions provider SES to deliver the next generation scalable and affordable broadband services in India leveraging satellite technology. JPL ...

TBB BUREAU NEW DELHI, FEBRUARY 12, 2022 Coal India Limited (CIL) is currently supplying around 3.4 Lakh tonnes of coal per day to non-power sector (NPS) which is the company’s average supply to this segment. With more than 37 million tonnes (MTs) of coal at its pitheads, CIL aims to further step up supplies to this sector, Union Coal Ministry ...

TBB BUREAU BHUBANESWAR, FEBRUARY 11, 2022 Union Bank of India on Friday signed a memorandum of understanding (MoU) with Odisha Mining Corporation Limited (OMC), a State PSU and Gold category company towards payment gateway facility for receiving sales proceeds of OMC. The MoU was signed by RK Jaglan, General Manager, Govt. Business, Union Bank of India and BB Pani, Chief ...

TBB BUREAU ROURKELA, FEBRUARY 11, 2022 Atanu Bhowmick assumed charge as Director Incharge of Rourkela Steel Plant (RSP) on Friday. Prior to this new assignment, he was Executive Director (Works) of Bokaro Steel Plant. Bhowmick joined Steel Authority of India Limited (SAIL)’s Rourkela Steel Plant in 1988 after completing B. Tech in Metallurgy from NIT (the erstwhile REC), Rourkela. His ...

TBB BUREAU NEW DELHI, FEBRUARY 11, 2022 Vedanta Aluminium Business, India’s largest producer of the aluminium and value-added products, will collaborate with cement, construction and infrastructure industries for gainful utilization of its byproducts fly ash and bauxite-residue. At a national level webinar held today with global experts and participants from the cement industry, Vedanta Aluminium also sought interest from cement ...

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 ...