The Business Bytes

TBB BUREAU NEW DELHI, APRIL 12, 2021  Celebrating its illustrious legacy of 127 years of service to the nation, Punjab National Bank on Monday launched a unique pilot project PNB@Ease outlet. The model offers “Banking-on-the-Go” service where every transaction undertaken by a bank branch will be initiated and authorized by the customers themselves. The service can range from savings accounts ...

TBB BUREAU MUMBAI, APRIL 12 Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent growth in its consolidated net profit for the January-March quarter (Q4) of Financial Year 2020-21 on a year-on-year (YoY) basis at Rs 9,246 crore. The company had reported a consolidated net profit of Rs 8,049 crore during the corresponding period in FY20. The revenue ...

TBB BUREAU CUTTACK, APRIL 12, 2021 In response to Chief Minister Naveen Patnaik’s call for a 14-day ‘Mask Abhiyan’ to keep Covid-19 at bay, Odisha Stevedores Limited (OSL) has decided to distribute one lakh masks free of cost among people. In a special programme organised in front of OSL Corporate Office here on Monday, OSL Chairman Mahima Mishra launched the ...

TBB BUREAU NEW DELHI, APRIL 12  Vedanta, India’s largest producer of aluminium and its value-added products, has signed a memorandum of understanding (MoU) for value-creation from bauxite residue (red mud), which is a by-product generated during processing of bauxite into alumina using the Bayer process. Bauxite is the primary ore for aluminium, that undergoes an intermediate refining stage to produce ...

TBB BUREAU BHUBANESWAR, APRIL 12, 2021 Amway India, one of the country’s leading FMCG direct selling companies, on Monday announced the launch of Chyawanprash by Nutrilite, under its flagship brand Nutrilite. Chyawanprash by Nutrilite is a concentrated blend of nutrient-rich 32 herbs authenticated by DNA fingerprinting made with 16 certified organic ingredients, and with no preservatives. Ajay khanna (left) and ...

TBB BUREAU BENGALURU/AHMEDABAD, APRIL 12, 2021 India’s leading homegrown e-commerce marketplace Flipkart on Monday announced a strategic and commercial partnership with the country’s largest multinational infrastructure company, the Adani Group. In this two-pronged partnership, Flipkart will work with Adani Logistics Limited, a wholly owned subsidiary of Adani Ports & Special Economic Zone Limited, to strengthen Flipkart’s supply chain infrastructure and ...

TBB BUREAU BHUBANESWAR, APRIL 12, 2021 Notwithstanding the COVID-19 pandemic impact, the Odisha Regional Office of the National Bank for Agriculture and Rural Development (NABARD) has achieved a spectacular progress during the financial year (FY) 2020-21. Despite challenges due to the COVID pandemic, NABARD disbursed Rs.22,709crore during FY2020-21 under various products to commercial banks, cooperative banks, RRBs, besides state government ...

TBB BUREAU BHUBANESWAR, APRIL 12, 2021 With a commitment to make mental health conversations mainstream, Future Generali India Insurance Company Limited (FGII) has launched a talk show ‘Mind Matters’ on YouTube and Facebook; and through this show the company has created a platform for the top sports personalities to come forward and share their stories of the mental health issues ...

TBB BUREAU GURUGRAM, APRIL 12, 2021 Pramerica Life Insurance Ltd on Monday announced the elevation of Kalpana Sampat as its Managing Director & CEO with effect from April 9, 2021. Prior to this appointment, she was the Chief Operating Officer of the Company. With her elevation, Sampat becomes one of the three female CEOs in the Indian life insurance sector, ...

TBB BUREAU NEW DELHI, APRIL 11, 2021 After the insurance sector, the Union government in going to hike the foreign direct investment (FDI) limit in the pension sector to 74 per cent, and table a bill in this regard in the next session of the Parliament. Currently, the FDI in the pension fund is capped at 49 per cent. Amendment ...