Bhubaneswar, July 25, 2024 (TBB Bureau): The Odisha government tabled a comprehensive budget of Rs 2.65 lakh crore for the fiscal year 2024-25 in the state assembly on Thursday, emphasizing substantial investments in agriculture and irrigation. This budget marks a 15 per cent increase from the previous year’s budgetary estimate of Rs 2.30 lakh crore for 2023-24, as announced by ...

New Delhi, July 25, 2024 (TBB Bureau): TP Renewable Microgrid (TPRMG), India’s leading solar microgrid company and a wholly owned subsidiary of Tata Power, has signed a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB) to integrate renewable energy technologies into the dairy value chain. This collaboration marks a significant step towards sustainability in the dairy sector, ...

Mumbai, July 25, 2024 (TBB Bureau): Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer, on Thursday unveiled EcoZen, its groundbreaking low-carbon ‘green’ zinc brand. As the world’s most sustainable metals and mining company according to the S&P Global Corporate Sustainability Assessment (CSA), Hindustan Zinc has launched Asia’s first low-carbon zinc offering, providing a sustainable alternative to ...

Bhubaneswar, July 24, 2024 (TBB Bureau): Odisha’s economy has demonstrated significant progress, with an impressive growth rate of 8.5 per cent for the 2023-24 financial year, according to the latest Economic Survey report tabled in the state assembly on Wednesday. This marks a notable increase from the 7.9 per cent growth achieved in the previous fiscal year. The survey highlights ...

Bhubaneswar, July 24, 2024 (TBB Bureau): Hindalco Industries Ltd, the metal flagship company of the Aditya Birla Group, is set to significantly contribute to the industrial development of Odisha with a planned investment of over Rs. 25,000 crore. This ambitious investment strategy was revealed during a meeting between Hindalco’s Odisha President, Ardhendu Mohapatra, and Odisha’s Deputy Chief Minister, KV Singhdeo, ...

New Delhi, July 24, 2024 (TBB Bureau): Bajaj Finserv Ltd (BFL) on Wednesday announced a 10% increase in consolidated net profit, reaching Rs 2,138 crore for the first quarter ending June 2024. This is an improvement from the Rs 1,943 crore profit reported in the same period last year. According to a regulatory filing, the company’s total income for the ...

New Delhi, July 24, 2024 (TBB Bureau): Axis Bank, a leading private sector lender, reported a 4% increase in net profit for the quarter ending June 2024, reaching Rs 6,035 crore, driven primarily by higher interest income. In the corresponding quarter of the previous fiscal year (April-June 2023-24), the bank had recorded a standalone net profit of Rs 5,797 crore. ...

Paradip, July 24, 2024 (TBB Bureau): Paradip Port has successfully completed its first ship-to-ship transfer of special grade diesel from MV Orkim Fortitude to the empty tanker MV Torm Republican at its North Oil Jetty within the harbour area. This initiative, designed to reduce shipping costs, underscores the port’s commitment to innovative business strategies. Paradip Port Authority (PPA) Chairman P.L. ...

Burla, July 24, 2024 (TBB Bureau): Tata Power Western Odisha Distribution Limited (TPWODL) is unwavering in its dedication to delivering stable and reliable power to its customers throughout Western Odisha. The company has intensified its efforts to combat illegal electricity usage, particularly in remote rural areas, to ensure uninterrupted power supply for law-abiding customers. TPWODL has successfully thwarted the theft ...

BHUBANESWAR, JULY 24, 2024 (TBB BUREAU): The Union Budget’s focus on MSMEs reflects a nuanced understanding of the sector’s challenges and potential. The multi-pronged approach addresses critical pain points while fostering innovation and growth. The credit-centric measures — including the new guarantee scheme, stress-period support, and the digital footprint-based assessment model could revolutionize MSME financing, says Priyadarshi Nanu Pany, Founder ...