TBB BUREAU BHUBANESWAR, FEB 3, 2021           The Odisha government today assured all necessary support to the Steel Authority of India Limited (SAIL) and urged the CPSU to undertake more corporate social responsibility (CSR) activities in the state.           The state government’s assurance was given by Chief Minister Naveen Patnaik when SAIL’s newly appointed Chairperson Soma Mandal met him today. ...

TBB BUREAU MUMBAI, FEBRUARY 3, 2021 Riding on the post-Budget euphoria and positive global cues the BSE Sensex closed above the historic 50,000-mark for the first time ever today. After touching a record intra-day high of 50,526.39, the 30-share BSE benchmark ended at 50,255.75, up 458.03 points. Similarly, the broader NSE Nifty surged 142.10 points to its fresh closing record ...

TBB BUREAU BHUABNESWAR, FEB 3, 2021 Max Bupa, one of India’s leading standalone health insurance players, today announced its expansion plans in Bhubaneswar and other markets of Odisha, as part of its business expansion plan. The company which started its operations in Bhubaneswar, Sambalpur and Berhampur today, targets to clock Rs 25 crore gross written premium from Odisha, including Rs 15 ...

TBB BUREAU BHUBANESWAR, FEB 3, 2021 Private life insurer SBI Life Insurance registered a New Business Premium of Rs. 14,437 crore for the period ended on 31st December, 2020 against Rs. 12,787 crore in the year-ago period. Single premium increased by 42 percent over the corresponding year. Establishing a clear focus on protection, SBI Life’s protection new business premium stood ...

TBB BUREAU MUMBAI, FEB 2, 2021 Country’s largest lender State Bank of India (SBI) has announced the launch of its unique shopping carnival – ‘YONO Super Saving Days’. Commencing on the 4th of February, the four-day shopping extravaganza which is concluding on the 7th is all set to offer an exclusive range of discounts and cashback to the users of ...

TBB BUREAU BARBIL, FEBRUARY 2, 2021 JSW Steel Limited has been conferred with mining safety awards in the recently held 58th Annual Safety Week Celebration-2020 (metalliferous mines) in Chaibasa region at Rajgangpur. In the group A-1 category, Jajang Iron ore mines received Best Innovation award and in Group A-2, Nuagaon iron ore mines received Best Workshop Facility. In the Group ...

PRIYABRAT BISWAL BHUBANESWAR, FEBRUARY 2, 2021 TP Central Odisha Distribution Limited (TPCODL), a joint venture between Tata Power and the Government of Odisha, will introduce smart meters in its distribution areas from April this year. Talking to media persons here on Tuesday, TPCODL Chief Executive Officer (CEO) M Shenbagam informed that in the first phase smart meters would be provided ...

TBB BUREAU ROURKELA, FEBRUARY 2, 2021 “RSP (Rourkela Steel Plant) is doing extremely well on all fronts. However, the challenges and expectations become high when you are at the peak. We must not be content with our achievements. Let’s strive further not only to sustain the momentum but also to excel further in our every endeavor,” said Soma Mondal, Chairman, ...

TBB BUREAU BHUBANESWAR, FEB 2, 2021 The Industrial Promotion and Investment Corporation of Odisha (IPICOL) has successfully completed submission for the state of Odisha the evidence of reforms implemented under State Reform Action Plan (SRAP)-2020 as stipulated by DPIIT, Government of India.  SRAP is a list of 301 recommendations to be undertaken by states and union territories to improve the ...

TBB BUREAU BHUBANESWAR, FEBRUARY 1, 2021 The Institute of Company Secretaries of India (ICSI) has welcomed Budget 2021, unveiled by Union Finance Minister Nirmala Sitharaman on Monday. Budget 2021 proposed a boost for the healthcare sector with a significant increase of 137% in the outlay. The decision of a total spend of around Rs.2 lakh crore on healthcare with Rs.35,000 ...

PRIYABRAT BISWAL BHUBANESWAR, FEBRUARY 1, 2021 India’s largest integrated power utility Tata Power today said that it has received the Letter of Intent (LOI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in the north eastern part of the state. The company has received the LOI from OERC for Odisha’s five circles of ...

PART-A Union Minister for Finance & Corporate Affairs Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis. Laying a vision for AatmaNirbhar Bharat, she said this is an expression of 130 crore Indians who have full confidence in ...

TBB BUREAU ROURKELA, JANUARY 30, 2021 In a function held at Ispat Stadium here to mark the SAIL Foundation Day, Rourkela Steel Plant (RSP) CEO Dipak Chattaraj presented the coveted Nehru Vishista Karmachari Puraskar to 79 employees for the year 2020.  The employees were awarded for their exemplary contributions towards improving the performance of the plant with their commitment, dedication ...

TBB BUREAU NEW DELHI, JANUARY 30, 2021 Leading steel manufacturer of India Jindal Steel & Power Ltd (JSPL) has been conferred with prestigious Mahatma Award 2020 for its massive humanitarian effort to support the communities and local administration in fighting COVID-19 pandemic. Shallu Jindal, Chairperson of JSPL Foundation, the social arm of JSPL, received the award today at India International ...

TBB BUREAU ROURKELA, JANUARY 29, 2021 A two-day mushroom cultivation training was organised at the Institute of Periphery Development (IPD) of Rourkela Steel Plant (RSP) on January 22-23.  In all, 10 women and five men from Baghdega, Kairkera, Garda, Barilepta and Khairtola villages of Nuagaon Block attended the training programme. The sessions included theoretical inputs on the ‘Dhingri’ mushroom cultivation ...

TBB BUREAU BARBIL, JANUARY 29, 2021 JSPL Foundation, the social arm of Jindal Steel and Power Limited (JSPL), recently conducted a capacity building training programme for local women self-help group (SHG) members. Office bearers of 60 SHGs of peripheral villages took part in the two-day event. The participants were imparted training on leadership qualities, business development, record-keeping and marketing of ...

TBB BUREAU VADODARA, JANUARY 29, 2021 Wardwizard Innovations & Mobility Ltd’s new plant at Vadodara in Gujarat with an annual manufacturing capacity of over 1 lakh electric two-wheelers was inaugurated on Thursday by Union Home Minister Amit Shah. Wardwizard has invested around Rs 45 crore in the new plant at Vadodara. The new plant is estimated to generate around 6,000 ...

TBB BUREAU NEW DELHI, JANUARY 29, 2021 ArcelorMittal Nippon Steel India (AM/NS India) has inked a pact with POSCO Maharashtra Steel, under which the former will supply hot rolled coils (HRC) worth Rs 5,000 crore in 2021. While AM/NS India is a 50:50 joint venture between Luxembourg-based ArcelorMittal and Japan’s Nippon Steel, POSCO Maharashtra Steel is the Indian subsidiary of ...

TBB BUREAU NEW DELHI, JANUARY 28, 2021 In keeping with its commitment to the Prime Minister’s Aatmanirbhar Bharat Mission, and inspired by Chief Minister Naveen Patnaik’s vision to make Odisha a 100-MT steel manufacturing hub and the late visionary Biju Babu’s dream to make the state a leader in steel, Jindal Steel and Power Ltd (JSPL) today unveiled its Vision ...

TBB BUREAU BHUBANESWAR, JANUARY 28, 2021 Dalmia Bharat Foundation (DBF), the philanthropic arm of Dalmia Bharat Group, felicitated 21 DIKSHa (Dalmia Institute of Knowledge and Skill Harnessing) trainees at Kapilas Cement Manufacturing Works (KCMW) in Cuttack today.  The students were provided 75 days’ training in Industrial Sewing Machine Operator (ISMO) trade. Ramawatar Sharma, Unit Head, Dalmia Cement (Bharat) Ltd., Cuttack; ...

PRIYABRAT BISWAL BHUBANESWAR, JANUARY 28, 2021 French auto maker Renault on Thursday unveiled its upcoming compact SUV Kiger in India, which it plans to launch in the country in the current quarter. After Kwid and Triber, Kiger is the company’s third model, which would be introduced in India, followed by other markets. Designed in India and France, KIGER, the first ...

TBB BUREAU BHUBANESWAR, JANUARY 28, 2021 Entering the ranking for the first time this year and claiming the title of the world’s 5th strongest brand, is Indian telecoms giant, Jio, with a BSI score of 91.7 out of 100 and the elite AAA+ brand strength rating.   Despite only being founded in 2016, Jio has quickly become the largest mobile network ...

TBB BUREAU MUMBAI, JANUARY 28, 2021 India’s leading fashion company, Aditya Birla Fashion and Retail Limited (ABFRL) has announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 percent stake in Sabyasachi brand. Sabyasachi is India’s largest and most influential luxury designer brand with strong Indian roots and global appeal. The brand ...

TBB BUREAU ROURKELA, JANUARY 25, 2021 State-run Rourkela Steel Plant (RSP) has bagged Grow Care India “Gold Award”–2020 for demonstrating high level of commitment and contributions made towards making positive impact on environment.  In a function organised on January 23, RSP CEO Dipak Chattaraj handed over the Trophy and the Certificate to CGM (Utilities) Atish Chadra Sarkar in preswence of ...

PRIYABRAT BISWAL BHUBANESWAR, JANUARY 25, 2021 The Apex development finance institution of the country, National Bank for Agriculture and Rural Development (NABARD)on Monday estimated Odisha’s total credit requirement of Rs. 1,10,735 crore for the financial year 2021-22 with greater emphasis on crop diversification, animal husbandry and fishery sector apart from greater thrust on enhancing credit flow to Self Help Groups ...

TBB BUREAU BHUBANESWAR, JANUARY 24, 2021 Committing to growth and enhanced connectivity, AirAsia India today commenced operations on a new route, connecting Bhubaneswar with non-stop flights to Pune and Kolkata 6 days every week. Odisha Commerce and Transport Minister Padmanabha Behera flagged off the flight operation. The minister said it would boost the tourism sector and help in growing economy ...

TBB BUREAU ROURKELA, JANUARY 24, 2021 SAIL Gaurav Diwas was celebrated by Rourkela Steel Plant (RSP) at Ispat Stadium here today with pomp and gaiety. RSP CEO Dipak Chattaraj unfurled the SAIL flag to mark the occasion. He also administered the health and fitness pledge. Chattaraj along with Raj Vir Singh, ED (P&A), Pankaj Kumar, ED (Projects), C R Mohapatra, ...

TBB BUREAU BHUBANESWAR, JANUARY 24, 2021 SBI Life Insurance has extended support to Trilochan Netralaya, a unit of Vision India Foundation, for the project “Cataract Blind Free Sambalpur” which aims at eradication of preventable blindness and provision of qualitative eye care services for the underprivileged sections of society. In order to make institutional eye care facilities accessible to everyone in ...

TBB BUREAU ANGUL, JANUARY 23, 2021 Leading steelmaker of the country, Jindal Steel & Power Ltd (JSPL) rolled out a programme for providing primary eye health services for the truck drivers in its Angul integrated steel plant. The programme was launched aligning to the spirit of observation of National Road Safety Month (January 18-February 17) by JSPL. The programme, envisioned ...

TBB BUREAU BHUBANESWAR/RAYAGADA, JANUARY 23, 2021 The project offices of UANAT (Utkal’s Action for Agricultural Transformation) were inaugurated on Friday at Thuamul Rampur and Kashipur Block in the Kalahandi and Rayagada districts, respectively. UANAT is the joint initiative of Utkal Alumina International Ltd. (UAIL) and Bharat Rural Livelihood Foundation (BRLF). While the office at Thuamul Rampur will be managed by ...

TBB BUREAU NEW DELHI, JANUARY 22, 2021 Reliance Industries Ltd (RIL) on Friday reported a rise of over 25 per cent in its consolidated net profit for the quarter ended December 31 of FY2020-21 on a year-on-year (YoY) basis. Accordingly, the company’s consolidated net profit during the third quarter of FY21 increased to Rs 14,894 crore from Rs 11,841 crore ...

TBB BUREAU MUMBAI, JANUARY 23, 2021 Aditya Birla group company UltraTech Cement on Saturday reported over two-fold jump in consolidated net profit to Rs 1,584.58 crore in the third quarter (Q3) of the current financial year. The leading cement producer had posted a net profit of Rs 711.17 crore in the year-ago quarter, UltraTech Cement said in a BSE filing. ...

TBB BUREAU BHUBANESWAR, JANUARY 22, 2021 Notwithstanding the Covid-19 pandemic and global recession, export from Odisha in the current financial year up to November 2020 has registered 55 per cent growth, said Chief Minister Naveen Patnaik on Friday. “I am glad that despite the adverse situation caused by COVID-19 pandemic, export from the State in the current financial year up ...

TBB BUREAU ROURKELA, JANUARY 22, 2021  “The connect created by Rourkela Steel Plant (RSP) with its employees and stakeholders through effective communication should be sustained as it would help the Plant scale greater heights of success,” said Union Minister of State for Steel Faggan Singh Kulaste, while addressing the senior officers of RSP today. The Minister took a keen interest in ...

TBB BUREAU BHUBANESWAR, JANUARY 22, 2021 A Blood donation camp was organised by SBI, Stressed Asset Resolution Group, Mumbai in coordination with State Bank of India, Local Head Office, Bhubaneswar and Indian Red Cross Society at the SBI, Local Head Office Bhubaneswar today. Around 70 officials and staff in and around Bhubaneswar donated blood in the camp. The camp was ...

TBB BUREAU MUMBAI, JANUARY 22, 2021 Reliance General Insurance, a 100 percent subsidiary of Reliance Capital, has launched Hospi Care policy, a hospitalization cash benefit product that provides lump sum payout for 150-plus listed surgeries and 140-plus daycare procedures occurring due to illness or accident. This policy is designed specifically to provide seamless cash flow for healthcare needs to their ...

PRIYABRAT BISWAL BHUBANESWAR, JANUARY 21, 2021 Bharat Road Network Limited (BRNL) has signed an agreement with India Highway Concession Trust, an infrastructure investment trust set up by Caisse de dépôt et placement du Québec (CDPQ), a global investor, for the sale of a BOT (build-operate-transfer) road project in Odisha. BRNL is the largest shareholder, with a 40 per cent stake ...

TBB BUREAU BHUBANESWAR, JANUARY 21, 2021 Amway India today announced the launch of its latest innovation in home care category with Amway Home Fruit & Veggie Wash, a 5-in-1 cleaning solution for fruits and vegetables. Building on its expertise in homecare solutions and in its endeavor to cater to the growing need for hygiene care products, Amway forayed into the ...

PRIYABRAT BISWAL BHUBANESWAR, JANUARY 20, 2021           CS Rajendra Kumar Kar has been elected as the Chairman of the Bhubaneswar Chapter of The Institute of Company Secretaries of India (ICSI) for the year 2021. CS Jyotirmoy Mishra, CS Ajaya Kumar Majhi and CS Bimal Prasad Pattanaik have been elected as Vice Chairman, Secretary and Treasurer of the Chapter, respectively.            ...

TBB BUREAU MUMBAI, JANUARY 20, 2021 The power transmission and distribution business of Larsen & Toubro (L&T) has won a slew of transmission line orders worth Rs 2,500-5,000 crore in Bangladesh. The scope of these packages involves design, supply, installation, testing and commissioning of extra high voltage transmission lines on turnkey basis, L&T said in a regulatory filing. Bangladesh has ...

TBB BUREAU BHUBANESWAR, JANUARY 20, 2021 BMW Group India’s premium small car brand MINI India has delivered a strong performance of 512 cars in the calendar year 2020. The company said withstanding the current market challenges and lockdown situation, MINI India regained momentum swiftly in the second half of the year. Accordingly, in Q4 2020 (October – December), MINI India ...

TBB BUREAU BHUBANESWAR, JAN 19 With the New Year kicking in, Reliance Jewels is back with yet another fresh and trendy range of diamond jewellery for party and cocktail wear. Reliance Jewels has the kind of remarkable diamond jewellery that can make one look elegant and stylish. Reliance Jewels fulfills the distinct needs of every woman by offering an enthralling ...

TBB BUREAU BHUBANESWAR, JANUARY 19, 2021 Dvara KGFS, a leading technology backed NBFC in India, has launched a new innovative feature – e-signature – which enables hassle free documentation to access loans while ensuring pandemic related safety protocols. Bringing about a paradigm shift the way customers apply for loans, KGFS Assist (Front end app built by KGFS in-house technology team) ...

The Union Minister for Finance & Corporate Affairs Nirmala Sitharaman held the pre-budget consultations with the Finance Ministers of States and Union Territories, here today. The meeting was held through videoconference and was attended by Chief Ministers, Deputy Chief Ministers, Finance Ministers, Ministers and senior officers from the States/Union Territories and the Union Government. Welcoming the participants to the deliberation, ...

TBB BUREAU NEW DELHI, JAN 18 The Ministry of Finance, Department of Expenditure has released the 12th weekly instalment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has been released to the ...

TBB BUREAU BHUBANESWAR, JAN 18 Godrej Appliances, India’s leading player in the home appliances segment, has strengthened its presence in Odisha with the launch of its second Exclusive Brand Outlet (EBO) in Puri today. With this launch, the brand now has 24 EBOs in Odisha. The EBO located at VIP Road in Puri, opened in collaboration with channel partner Lokanath ...

TBB BUREAU BHUBANESWAR, JANUARY 18, 2021 Herbalife Nutrition, the global leader in nutrition, on Monday announced the renewal of contract with its sponsored athletes for the year 2021. The company is continuing its association with globally celebrated boxing champion Mary Kom, Indian Table Tennis player Manika Batra and Indian Badminton sensation Lakshya Sen. Herbalife Nutrition, a leader in developing scientifically ...

TBB BUREAU HYDERABAD, JANUARY 18, 2021 Vice President M Venkaiah Naidu has suggested to the corporates to consciously encourage whistle-blowing mechanism and provide adequate safeguards for the protection of whistleblowers as it was important to ensure transparency and accountability in all matters of corporate governance to enhance the confidence of all the stakeholders, including the shareholders. “We need to protect ...

TBB BUREAU BHUBANESWAR, JANUARY 18, 2021           JSW Steel Ltd., flagship company of JSW Group has achieved a major milestone with its iron-ore dispatch surpassing 1 lakh tons on a single day from its newly acquired mines in the state of Odisha. With this achievement, the leading integrated steel producer sets the roadmap for progress, prosperity, and opportunity for Odisha. ...

TBB BUREAU AHMEDABAD, JAN 18 French energy major TOTAL proposes to acquire 20 per cent minority interest in Adani Green Energy Ltd. (AGEL). The deal will be completed with TOTAL acquiring shares held by the Adani Promoter Group in AGEL. The transaction marks the deepening partnership between the Adani Group and TOTAL — in the transition and green energy fields ...