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Jio announces $15-mn investment in Two Platforms Inc for 25pc stake

TBB BUREAU MUMBAI, FEBRUARY 4, 2022 Reliance Industries’ telecom arm Jio Platforms on Friday announced an investment of $15 million in Two Platforms Inc, a Silicon Valley-based deep tech startup, founded by Pranav Mistry, for a 25 per cent equity stake on a fully diluted basis. Founded by former Samsung Technology and Advanced Research president and CEO Pranav Mistry, Two ...

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Aditya Birla Fashion to set up subsidiary for entry into D2C space

TBB BUREAU MUMBAI, FEBRUARY 4, 2022 India’s leading fashion company Aditya Birla Fashion and Retail Ltd (ABFRL) will set up a platform to foray in the direct-to-consumer (D2C) business. The board of directors of the company in their meeting on Friday approved the setting up of the new subsidiary. Its D2C platform is focused towards building a portfolio of distinct, ...

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AIIMS Bhubaneswar to resume OPD service from Feb 7

TBB BUREAU BHUBANESWAR, FEBRUARY 4, 2022 With the improvement in Covid-19 situation in Odisha, All India Institute of Medical Sciences (AIIMS), Bhubaneswar will resume its OPD service from February 7, AIIMS Bhubaneswar Medical Superintendent Prof. Dr. S N Mohanty said today. The Covid cases have come down in the state during the recent past and there has been a demand ...

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Vedanta’s BALCO Medical Centre ties up with Odisha Govt’s Biju Swasthya Kalyan Yojana to offer quality cancer care

TBB BUREAU BHUBANESWAR, FEBRUARY 3, 2022           The Vedanta BALCO Medical Centre (BMC), which has emerged as central India’s leading cancer care hospital, has tied up with Odisha Government’s Biju Swasthya Kalyan Yojana (BSKY), creating easier avenues for BSKY beneficiaries to avail quality cancer care. Launched earlier in January by the State Government, the Biju Swasthya Kalyan Yojana aims to ...

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Future Generali India Insurance launches ‘FG Gift of Health’

TBB BUREAU MUMBAI, FEBRUARY 3, 2022 Future Generali India Insurance Company Limited (FGII) on Wednesday announced the launch of its innovative ‘FG Gift of Health’ product. Through this unique offering, FGII aims to empower individuals by providing them with an insurance product that can be gifted by anyone to support and secure people who matter to them, be it the ...

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Dalmia Cement solidifies renewable energy commitment; installs 14.7 MW solar power plant at Kapilas unit

TBB BUREAU BHUBANESWAR, FEBRUARY 2, 2022 As part of its long term commitment towards renewable energy transition, Dalmia Cement (Bharat) Limited (DCBL), a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has added its ground-mounted solar power plant capacity to 17.1 MW (from 2.4MW in 2014), in Cuttack. Spread over 49 acres, the solar power plant is ...

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Ind-Ra upgrades Jindal Stainless Limited rating to ‘IND AA-’

TBB BUREAU NEW DELHI, FEB 2, 2022 India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating assigned to Jindal Stainless Limited (JSL) to ‘IND AA-’ with a stable outlook, while resolving the Rating Watch Evolving (RWE). The agency had previously assigned ‘IND A+/RWE’ rating to JSL’s long-term credit facilities. As per the report released by Ind-Ra, the upgrade ...

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Ayush Ministry’s budget allocation stands up at Rs 3050 Cr

TBB BUREAU NEW DELHI, FEB 1, 2022 Cost effective Ayush services under the National Ayush Mission (NAM) have gotten major boost in the Union Budget 2022 presented by Finance Minister Nirmala Sitaraman today. The total allocation of budget to Ayush Ministry in last 7 years has increased over four times from 691 crore to Rs 3050 crore. Recognizing the importance ...

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