TBB BUREAU NEW DELHI, JUNE 17, 2021 An environment friendly hand sanitizer that is gentle on the hands and lasts longer, will soon be available in the market. The alcohol-free, aqueous, non-inflammable and non-toxic hand sanitiser has been developed from silver nanoparticles by a Pune-based start-up. The hand sanitizer developed by WeInnovate Biosolutions prolongs antimicrobial activity, thus obviating the need ...

TBB BUREAU NEW DELHI, JUNE 16, 2021 The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic & Potassic (P&K) fertilizers for the year 2021-22 (till the present season). The subsidy rate for Nitrogen has been fixed at Rs ...

TBB BUREAU BHUBANESWAR, JUNE 16, 2021 As the Covid-induced lockdown made it difficult for its employees to visit consumers’ premises to take meter reading, Tata Power Central Odisha Distribution Ltd (TPCODL) on Wednesday announced the launch of its Self-Meter Reading App – ‘TPCODL MITRA’, which enables customers to scan their meter reading and generate the bill instantaneously through simple steps. ...

TBB BUREAU LANJIGARH, JUNE 16, 2021 The Lanjigarh Unit of Vedanta Limited has launched ‘Sashakti Suvidha Kendra’ to help local women sustain their livelihood through various challenges posed by the Covid-19 pandemic. The Sashakti Suvidha Kendras are aimed at facilitating the marketing and sales of various products like turmeric, ragi, various spices, dry snacks, puffed rice, pulses, rice, paper plates, ...

TBB BUREAU NEW DELHI, JUNE 16, 2021 The Asian Development Bank (ADB) and the Government of India on Wednesday signed a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. CKIC is part of India’s East Coast Economic Corridor (ECEC), which stretches from West Bengal to Tamil Nadu and ...

TBB BUREAU NEW DELHI, JUNE 16, 2021 India’s banana export continued its growth this year in terms of volume as well as value. A total of 1.91 lakh tonnes of banana worth Rs 619 crore has been exported during FY2020-21 (April to February), the Ministry of Commerce and Industry said on Wednesday. India’s banana exports grew from 1.34 lakh metric ...

TBB BUREAU BHUBANESWAR, JUNE 15, 2021 Jaypore, from the house of Aditya Birla Fashion and Retail Limited (ABFRL), has forayed into the menswear category. The brand, after leading the market for handcrafted and artisanal women’s wear and jewellery, has now entered the USD 28bn worth menswear market with its first-ever range of exquisite kurtas, indie-wear, elegant shirts and trousers made ...

TBB BUREAU NEW DELHI, JUNE 15, 2021 Dalmia Bharat Sugar & Industries Ltd. on Tuesday said that it plans to augment its ethanol manufacturing capacity to 15 crore litres per annum from January 2022, from eight crore litres currently. The move is in line with the government’s decision to raise ethanol blending in auto fuels to 20 per cent by ...

TBB BUREAU MUMBAI, JUNE 15, 2021 LIC Cards Services Ltd (LIC CSL) has launched a contactless prepaid gift card ‘Shagun’ in collaboration with IDBI Bank on the RuPay platform. The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in ...

TBB BUREAU NEW DELHI, JUNE 15, 2021    State-owned non-banking finance company Power Finance Corporation (PFC) has recorded the highest-ever net profit of Rs 8,444 crore for financial year 2020-21, a 49 per cent jump over the previous year. In FY20, the PFC had reported a net profit of Rs 5,655 crore on a standalone basis. The company’s consolidated net ...

TBB BUREAU BHUBANESWAR, JUNE 15, 2021 The Institute of Company Secretaries of India (ICSI) celebrated the 33rd ‘PCS Day’ today, to commemorate 15 June, 1988, a historic day when the Company Secretaries in practice were accorded recognition for certifying the annual returns under the erstwhile Companies Act, 1956. June 15, 1988 became the first milestone in the development of the practising ...

TBB BUREAU KOLKATA, JUNE 14, 2021 State-run Coal India Limited (CIL) on Monday reported a marginal 1.1 per cent decline in its consolidated profit at Rs 4,586.78 crore for the fourth quarter of FY2020-21 on the back of lower sales, as against Rs 4,637.95 crore posted in the year-ago period. The consolidated sales in the January-March period declined to Rs ...

TBB BUREAU NEW DELHI, JUNE 14, 2021 JK Tyre plans to spend Rs 200 crore in the next two years to enhance its production capacity through de-bottlenecking of its plants. The company is focusing on prudent capital allocation and tight management of its working capital to ensure accelerated de-leveraging going forward, JK Tyre said in a statement on Monday. “Going ...

TBB BUREAU NEW DELHI, JUNE 14, 2021             On the back of costlier food items, retail inflation rose to 6.3 per cent in May, government data showed on Monday.        The Consumer Price Index (CPI) based inflation stood at 4.23 per cent in April.        As per the data released by the National Statistical Office (NSO), inflation in the ...

TBB BUREAU NEW DELHI, JUNE 14, 2021 In view of the difficulties reported by taxpayers in electronic filing of Income Tax Forms 15CA/15CB on the portal www.incometax.gov.in, the Union Government has decided that taxpayers can submit the aforesaid Forms in manual format to the authorized dealers till June 30th, 2021. Authorized dealers are advised to accept such Forms till June ...

TBB BUREAU BHUBANESWAR, JUNE 14, 2021 Amway India, one of the country’s leading FMCG direct selling companies, today announced the launch of its Nutrilite Vitamin C Cherry Plus intended for individuals with weakened immunity that comes with the benefit of extended-release technology. The Nutrilite Vitamin C Cherry Plus provides steady release of Vitamin C into the body for over 8 ...

TBB BUREAU BHUBANESWAR, JUNE 13, 2021 ArcelorMittal Nippon Steel India (AM/NS India) today delivered the second tranche of a consignment of 5,020 medical grade oxygen cylinders and 2,000 units of flowmeters to Odisha for people affected with COVID-19. Lakshmi Mahapatra, Head of Corporate Affairs (Odisha Operations) at AM/NS India, handed over the oxygen cylinders to Odisha State Medical Corporation Limited ...

TBB BUREAU NEW DELHI, JUNE 12, 2021 The GST Council on Saturday decided to slash rates of several Covid-relief items to 5 per cent from existing 12-18 per cent levels. Addressing the media after the meeting, Finance Minister Nirmala Sitharaman said that the council agreed to go with the recommendations of the Group of Ministers (GoM). Union Minister for Finance ...

TBB BUREAU RAJGANGPUR, JUNE 12, 2021 In line with its efforts to support Odisha’s fight against Covid-19, the Rajgangpur Unit of Dalmia Cement (Bharat) Limited [DCBL] has donated eight Oxygen Concentrators to the Sundargarh District Administration for the benefit of the people affected with the novel coronavirus. DCBL Rajgangpur Deputy Executive Director Saroj Kumar Rout and Corporate Affairs Department’s Sanjib ...

TBB BUREAU AHMEDABAD, JUNE 12, 2021 The Adani Group’s flagship company Adani Enterprises has incorporated a new wholly-owned subsidiary Adani Cement Industries with an authorized share capital of Rs 10 lakh and paid-up capital of Rs 5 lakh, the company today informed the stock exchanges. The newly incorporated company will be headquartered in Gujarat, Adani Enterprises said in a regulatory ...

TBB BUREAU BHUBANESWAR, JUNE 12, 2021     Reliance Jio has introduced ‘Jio Freedom Plans’, which include five new ‘no daily data limit’ prepaid schemes. The new prepaid plans come with 30-day cycle and multiple validity. These plans will offer ‘uncapped-data and unlimited voice’ with validity cycles of 15 days, 30 days, 60 days, 90 days and 365 days, as per ...

TBB BUREAU BARBIL, JUNE 11, 2021 JSW Steel (mines division) in Odisha has intensified its precautionary measures against COVID as per the guidelines of the Government and the health authorities. All the mines and its offices continue to operate, ensuring adherence to stringent COVID-19 guidelines issued by the central and state authorities. Following the increase of positive cases in the ...

TBB BUREAU NEW DELHI, JUNE 9, 2021 GAIL (India) Limited recorded Turnover of Rs. 15,472 crore in Q4 FY21 vis a vis Rs. 15,386 crore Q3 FY21, Profit before Tax (PBT) in Q4 FY21 increased by 40% to Rs. 2,612 crore as against Rs. 1,868 crore in previous Q3 FY21.  The Profit after Tax (PAT) jumped by 28% to Rs. ...

TBB BUREAU PARADIP, JUNE 9, 2021 Accepting the proposals of the Odisha Government and the Jagatsinghpur District Administration to actively participate in the ‘Mo School Abhiyan’ scheme, Paradeep Phosphates Limited (PPL) has contributed Rs 60 lakh from its CSR fund for the development of three schools in the district. PPL Chief Operating Officer Ranjit Singh Chugh handed over cheque worth ...

TBB BUREAU NEW DELHI, JUNE 8, 2021 Vedanta Aluminium and Power Business has unveiled its maiden Sustainable Development Report, which encapsulates the Business’ performance across key sustainability parameters such as Energy Management, Water Management, Biodiversity Management, Air Quality, Health & Safety, Social Impact and Governance etc for the FY 2019-20 performance period. Launching the Sustainability Report for the business, Vedanta ...

TBB BUREAU NEW DELHI, JUNE 8, 2021 Private steel behemoth Jindal Steel and Power Ltd (JSPL) has reported 31 per cent year-on-year jump in its steel production to 13.71 lakh tonnes during April and May 2021. The total production in April was 6.81 lakh tonnes and 6.9 lakh tonnes in May as compared to 10.44 lakh tonnes in the same ...

TBB BUREAU NEW DELHI/BHUBANESWAR, JUNE 8, 2021 Union Minister for Petroleum & Natural Gas and Steel, Dharmendra Pradhan, today dedicated to the nation GAIL group’s 201 CNG stations across the country. The Minister also inaugurated the commencement of PNG supply in Jhansi and Mobile refuelling units for refuelling vehicles at Raigad. Pradhan interacted with the PNG customer family in Jhansi ...

TBB BUREAU CHENNAI, JUNE 8 India’s leading commercial vehicle manufacturer, Hinduja group flagship company Ashok Leyland on Tuesday announced the appointment of Amanpreet Singh as the Head and President of Human Resources. Prior to taking up the new responsibility, Amanpreet Singh served the Hinduja Group as its Vice President (Group Human Resources), the city-based commercial vehicle maker said in a ...

TBB BUREAU NEW DELHI, JUNE 8, 2021 Sterlite Power, a leading global developer of power transmission infrastructure, has been awarded the Golden Peacock HR Excellence Award (GPHRE) 2020 in the power transmission sector, for its constant efforts in building a purposeful and vibrant workplace by imbibing the key tenets of innovation, diversity, and high growth environment while ensuring the health ...

TBB BUREAU MUMBAI, JUNE 8, 2021 Global online higher education provider upGrad on Tuesday said it will onboard 1,000 employees in the next three months in India from more than 100 campuses, including Metros and Tier-II and III cities, as the pandemic hits the job market in the country. The opportunities are available across departments like learning experience, delivery, marketing ...

TBB BUREAU ROURKELA, JUNE 7, 2021             With the unwavering commitment and steely grit to serve the country, the collective of Rourkela Steel Plant (RSP) have performed remarkably in areas of production, dispatch and techno-economics in the first two months of FY2021-22 in spite of the Covid-19 pandemic. While the Steel Plant left no stone unturned to ensure safety of ...

TBB BUREAU NEW DELHI, JUNE 7, 2021 State-owned Union Bank of India on Monday reported a standalone net profit of Rs 1,329.77 crore for the fourth quarter (Q4) of Financial Year 2020-21 (FY21). The Bank said the results of the quarter and year ended March 31, 2021 are not comparable with the corresponding periods of previous year  as these include ...

TBB BUREAU KOLKATA, JUNE 6, 2021         Steel maker Shyam Metalics and Energy Ltd (SMEL) has reduced the size of its Initial Public Offer (IPO) to Rs 909crore from Rs 1,107 crore as promoters decided to offload shares worth Rs 252 crore from their own stake against Rs 452 crore as planned earlier.          The IPO will hit the capital ...

TBB BUREAU NEW DELHI, JUNE 6, 2021 Leading fertiliser cooperative major Indian Farmers Fertiliser Cooperative Ltd (IFFCO)  on Sunday said that it has started commercial production of nano urea liquid and dispatched the first consignment to Uttar Pradesh. Priced at Rs 240 per bottle, the nano urea liquid is 10 per cent cheaper than the cost of a bag of ...

TBB BUREAU NEW DELHI, JUNE 5, 2021 Income Tax DepartmentIn a bid to provide convenience, modern and seamless experience to the taxpayers, the Income Tax Department will launch its new e-filing portal www.incometax.gov.in on 7th June, 2021. The new portal will be integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers; all interactions and ...

TBB BUREAU NEW DELHI, JUNE 5, 2021 As a step towards its commitment for environment, NHPC Limited has signed E-Mobility Agreements with Convergence Energy Services Limited (CESL), a wholly owned subsidiary of Energy Efficiency Services Limited (EESL) for leasing of 25 Electric Vehicles (EVs) and supply of 3 Electric Vehicle fast chargers to NHPC including its installation and commissioning. NHPC ...

TBB BUREAU ROURKELA, JUNE 5, 2021 Rourkela Steel Plant (RSP) joined the rest of the world in observing World Environment Day on Saturday. RSP CEO Dipak Chattaraj hoisted the Environment Flag at Shilpa Konark premises in presence of senior executives and employees of the company. The Environment pledge was administered to all present on the occasion. Environment badges were also ...

TBB BUREAU NEW DELHI, JUNE 5, 2021  India’s gross Good and Services Tax (GST) revenue collections remained above the psychological mark of Rs 1 lakh crore, clocking a high of Rs 1,02,709 crore in May 2021. The revenues for the month of May 2021 are 65 per cent higher than the GST revenues in the corresponding month last year. During ...

TBB BUREAU BARBIL, JUNE 5, 2021 Commemorating World Environment Day 2021 on the theme ‘Ecosystem Restoration’, Jindal Steel and Power Limited (JSPL) organised a massive plantation programme in the residential area and pellet plant premises at Barbil on Saturday. Adhering to COVID guidelines and maintaining physical distancing, more than 100 workers, employees and their family members of various age groups ...

TBB BUREAU NEW DELHI, JUNE 5, 2021 India has advanced the target date for achieving 20 per cent ethanol-blending in petrol by five years to 2025, Prime Minister Narendra Modi said on Saturday Speaking at the release of ethanol blending road map 2020-25 on the occasion of World Environment Day today, Modi said “the target for mixing 20 per cent ...

TBB BUREAU BHUBANESWAR, JUNE 4, 2021 Vedanta, one of the world’s leading Oil & Gas and Metals companies, will launch a mega green cover initiative to commemorate World Environment Day on Saturday. As part of the Vedanta Cares Green Cover initiative, which will be virtually inaugurated by Vedanta Chairman Anil Agarwal, the company’s employees and business partners will be able ...

TBB BUREAU BARBIL, JUNE 4, 2021 JSPL Foundation, the social arm of Jindal Steel and Power Ltd (JSPL) has come forward to support the needy and struggling farming community in this global pandemic and distributed fertilizer among them for the Kharif paddy cultivation. About 60 marginal and Covid-hit farmers of nearby villages under Deojhar and Kandra gram panchayats of Keonjhar ...

TBB BUREAU BHUBANESWAR, JUNE 3, 2021 Reliance Jio, the No. 1 digital service provider in Odisha, has successfully completed deployment of the additional 20 MHz spectrum acquired in the recent spectrum auctions, across Odisha, further enhancing subscriber experience in the state. Reliance Jio Infocomm Ltd (RJIL) in March announced that it had successfully acquired the right to use spectrum in ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 As many as 50,000 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) till date, an official statement said today. Startup India is a flagship initiative of the government launched on January 16, 2016. The initiative is intended to catalyse a startup culture and build a strong ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 Union Commerce Secretary Dr Anup Wadhawan on Thursday said that India’s export performance continues to be impressive, with provisional data of merchandise exports in May 2021 showing a significant growth of 67.39 per cent over May 2020 level and 7.93 per cent over May 2019 level. Talking to media, he said that Merchandise ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 The COVID pandemic and sluggish overseas markets cast their shadow over India’s resurgent seafood sector as the country exported 11,49,341 MT of marine products worth Rs 43,717.26 crore (US$ 5.96 billion) during FY 2020-21, registering a contraction of 10.88 per cent as compared to a year earlier. USA, China and the European Union ...

TBB BUREAU NEW DELHI, JUNE 3, 2021 The Asian Development Bank (ADB) and the Government of India today signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim that will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the northeastern state. ...

TBB BUREAU GURUGRAM, JUNE 3, 2021 German luxury carmaker BMW on Thursday said it has launched a contactless vehicle service initiative for its customers in India. The BMW Contactless Service enables customers to book vehicle service, review service-related quotations, and make payments securely online, the company noted. “At BMW, we strongly believe in leveraging new-age technologies to augment our brand’s ...

TBB BUREAU BHUBANESWAR, JUNE 2, 2021 Tata Power’s TP Central Odisha Distribution Ltd. (TPCODL) on Wednesday celebrated the completion of the first year of its successful operations in Odisha. Since its acquisition a year ago, TPCODL has consistently presented sustainable, affordable and innovative energy solutions to its customers in Odisha. As India’s largest private sector power distribution company, Tata Power ...

TBB BUREAU BHUBANESWAR, JUNE 1, 2021 State-owned steel maker RINL on Monday said Kishore Chandra Das has been assigned additional charge as its Chairman and Managing Director with effect from June 1, 2021.          The additional charge to Das has been given for a period of one month or until further orders, Rashtriya Ispat Nigam Ltd (RINL) said in a statement.        ...