THEBUSINESSBYTES BUREAU GURUGRAM, JUNE 11, 2025 Asia Pacific continues to dominate global capital flows, playing an increasingly influential role in cross-border investment trends, according to the latest Global Capital Flows – June 2025 report by Colliers. The report highlights that Singapore, Japan, and Hong Kong were among the top 10 global sources of capital in Q1 2025, ranking fourth, seventh, ...

THEBUSINESSBYTES BUREAU WASHINGTON, JUNE 10, 2025 The World Bank has maintained its projection for India’s economic growth at 6.3% for the fiscal year 2025–26 (FY26), reaffirming the country’s status as the fastest-growing major economy globally, according to the latest Global Economic Prospects report released on Tuesday. While India’s growth moderated in FY2024–25, primarily due to a slowdown in industrial output, ...

THEBUSINESSBYTES BUREAU ANGUL, JUNE 10, 2025 In a bold step towards sustainable agriculture, the Jindal Foundation on Tuesday launched its flagship initiative, ‘Jindal Krishi Seva,’ a comprehensive program promoting natural farming and millet cultivation across Angul district. The initiative reflects the vision of Naveen Jindal, three-time Member of Parliament from Kurukshetra and Chairman of Jindal Steel & Power (JSP), who ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 10, 2025 Odisha, long celebrated for its rich cultural heritage, mineral resources, and resilient communities, has made significant strides in recent years across multiple socio-economic dimensions. The state has expanded its industrial footprint, become a national leader in disaster resilience, and laid the groundwork for sustained institutional investment. With a rapidly growing young population and ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 10, 2025 Union Minister of Commerce and Industry,  Piyush Goyal, delivered a compelling address to leading Swiss industrialists and innovators at the prestigious Swissmem Industry Day in Switzerland on Tuesdday, portraying India as a dynamic and dependable partner in global economic growth. In a landmark engagement aimed at deepening bilateral ties, Shri Goyal highlighted the ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 10, 2025 Vedanta Aluminium, India’s largest aluminium producer, has signed a Memorandum of Understanding (MoU) with the Central Bank of India to provide collateral-free financing for customers through its subsidiary, BALCO. This initiative is aimed at empowering original equipment manufacturers (OEMs), including Micro, Small, and Medium Enterprises (MSMEs), by offering loans with minimal documentation and ...

THEBUSINESSBYTES BUREAU JHARSUGUDA, JUNE 10, 2025 In an era where water is becoming one of the most precious natural resources, Vedanta Aluminium — India’s largest aluminium producer — is pioneering transformative efforts in sustainable water management. With a bold vision to become Water Positive by 2030, the company is setting new standards for environmental responsibility in the industrial sector. Vedanta ...

THEBUSINESSBYTES BUREAU CHENNAI, JUNE 9, 2025 TVS Srichakra Ltd., India’s leading manufacturer of two- and three-wheeler as well as off-highway tyres, continues its association as the Technical Partner for the PETRONAS TVS India One Make Championship 2025 — marking the seventh consecutive year of powering India’s premier racing series with Eurogrip Tyres. All race-tuned motorcycles competing in the championship will ...

THEBUSINESSBYTES BUREAU MUMBAI, JUNE 9, 2025 Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management), the 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock Inc., has announced the launch of its official website, the rollout of an exclusive early access initiative, and the appointment of its executive leadership team. The newly appointed leadership team combines deep expertise ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 9, 2025 The Quality Council of India (QCI), the national custodian of accreditation, marked World Accreditation Day 2025 with a flagship event at the India Habitat Centre, New Delhi. The celebration underscored the pivotal role of accreditation in driving quality, innovation, and global competitiveness — particularly for India’s Small and Medium Enterprises (SMEs). A key ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 9, 2025 In a major policy boost to India’s high-tech manufacturing ambitions, the Government of India has notified transformative reforms in the Special Economic Zones (SEZ) Rules, aimed at catalyzing investment in the semiconductor and electronics component manufacturing sectors. These strategic amendments are poised to fast-track India’s emergence as a global hub for next-generation electronics ...

Odisha’s future industrial growth lies in prioritizing the aluminium value chain, unlocking green opportunities and aligning with global sustainability trends, writes Pradyumna K. Panda   Odisha stands at a defining juncture in its industrial journey. While steel has long been the backbone of the state’s economic development, a compelling case is emerging for a strategic pivot toward aluminium — a ...

THEBUSINESSBYTES BUREAU JODA/BARBIL, JUNE 8, 2025 “The National Flag represents unity, dignity, and the collective aspirations of our nation. It is a source of immense pride for every Indian,” said Shri Naveen Jindal—Member of Parliament from Kurukshetra, President of the Flag Foundation of India, and Chairman of Jindal Steel & Power (JSP)—while inaugurating a 72-foot monumental flagpole at the Kasia ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JUNE 8, 2025 Odisha has witnessed its highest-ever industrial growth in a single year, surpassing the combined industrial progress of the previous five years, Chief Minister Mohan Charan Majhi announced on Sunday. He credited the achievement to focused governance, committed implementation, and robust collaboration with the industry. Speaking at a special interaction with leading industrialists, MSME entrepreneurs, ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 8, 2025 Maharashtra and Karnataka emerged as the top magnets for foreign investment in India during the financial year 2024-25, jointly accounting for 51 per cent of the country’s total foreign direct investment (FDI), according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT). Maharashtra led the tally with a ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JUNE 7, 2025 TP Central Odisha Distribution Limited (TPCODL), a joint venture between Tata Power and the Government of Odisha, has intensified its efforts to promote rooftop solar installations across Central Odisha under the PM Surya Ghar – Muft Bijli Yojana (PMSGMBY). In a significant move to make the scheme more accessible and consumer-friendly, TPCODL has waived ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 7, 2025 India’s electric passenger vehicle (EV) market reached a significant milestone in May 2025, with the segment’s market share surging past the 4 per cent mark for the first time, reflecting the country’s accelerating shift towards sustainable mobility. According to data released by the Federation of Automobile Dealers Associations (FADA), EVs accounted for 4.01 ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 7, 2025 In a bold declaration of its maritime ambitions, Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, on Saturday announced that India is firmly committed to achieving net zero emissions at all major ports by 2047. This announcement was made during his interaction with students of the prestigious Blue MBA Executive Programme at ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 7, 2025 In a decisive move to protect domestic industries from unfair trade practices, the Indian government has slapped anti-dumping duties on the import of Vitamin-A Palmitate and insoluble sulphur — two key industrial chemicals — sourced from China, Japan, Switzerland, and the European Union. The Ministry of Finance issued a notification on June 6, ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JUNE 7, 2025 Vedanta Aluminium, India’s largest aluminium producer, underscored its commitment to sustainable development by presenting a powerful showcase of its Environmental, Social and Governance (ESG) initiatives at the State-Level World Environment Day & Prakruti Mitra Award Ceremony. The event, held on June 5 at Krushi Shiksha Sadan in Bhubaneswar, was organised by the Forest, Environment ...

THEBUSINESSBYTES BUREAU JODA/BARBIL, JUNE 6, 2025 Jindal Steel & Power (JSP) reaffirmed its commitment to environmental stewardship with vibrant celebrations of World Environment Day across its Barbil Pellet Plant, Kasia, and Tensa mines. Aligned with the global theme ‘Beat Plastic Pollution,’ the company organized a series of impactful initiatives that brought together employees, families, local communities, and forest officials. JSP ...

THEBUSINESSBYTES BUREAU MUMBAI, JUNE 6, 2025 In a bold and growth-oriented move, the Reserve Bank of India (RBI) on Friday slashed the benchmark repo rate by 50 basis points, bringing it down from 6 per cent to 5.5 per cent. Announcing the decision, RBI Governor Sanjay Malhotra said the rate cut aims to stimulate economic activity as inflation has dipped ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 5, 2025 Reinforcing its commitment to a sustainable future, India marked World Environment Day 2025 with a grand celebration at Bharat Mandapam, New Delhi, under the unifying theme, “One Nation, One Mission: End Plastic Pollution.” Organized by the Union Ministry of Environment, Forest and Climate Change, the event drew participation from top government officials, industry ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 5, 2025 Reaffirming its commitment to environmental sustainability on World Environment Day, Punjab National Bank (PNB), one of India’s leading public sector banks, has announced a special initiative to promote green mobility. As part of this effort, PNB is offering electric vehicle loans at interest rates starting from 8.30 per cent, with an exclusive 0.05 ...

THEBUSINESSBYTES BUREAU JAJPUR, JUNE 5, 2025 Marking yet another milestone in its illustrious journey, Sreeleathers, one of India’s most iconic footwear brands, has inaugurated its newest showroom in Jajpur Town, Odisha. Strategically located on Kusuma Road, the store is set to offer a wide array of premium footwear and leather products, bringing the brand’s trademark blend of quality, affordability, and ...

THEBUSINESSBYTES BUREAU BIJAHAN, JUNE 5, 2025 Mahanadi Mines & Minerals Private Limited marked World Environment Day at its Bijahan coal mining project with a spirited celebration focused on community involvement and youth engagement. In line with the global theme of sustainability, the company organized a series of awareness programs for school students across the villages of Bijahan, Bhograkachhar, Jharpalam, and ...

THEBUSINESSBYTES BUREAU ANGUL, JUNE 5, 2025 Jindal Steel and Power (JSP), Angul, celebrated World Environment Day 2025 with a vibrant array of activities focused on the global theme, “Beat Plastic Pollution.” The event brought together employees, their families, local residents, and environmental advocates to reaffirm their collective commitment to sustainability and the reduction of plastic waste. The day began on ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JUNE 5, 2025 TP Central Odisha Distribution Limited (TPCODL), a joint venture between Tata Power and the Government of Odisha, hosted its much-awaited Mega “Bill Pay & Win” event at the MDC Auditorium in Bhubaneswar, honouring responsible consumers who consistently pay their electricity bills on time through digital channels. As part of this unique initiative, 80 customers ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JUNE 5, 2025 In a significant milestone for India’s electric vehicle landscape, Oben Electric, a homegrown R&D-driven electric motorcycle manufacturer, has officially entered Eastern India with the launch of its new showroom and service center in Bhubaneswar. This latest addition marks the company’s presence in 26 cities nationwide, with 37 showrooms now operational across India. The Bhubaneswar ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 5, 2025 In a significant move to transform India’s maritime landscape and reinforce its position in the global logistics ecosystem, Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal announced a $20 billion commitment toward the development of maritime infrastructure. Speaking at the India Country Session in Oslo, the minister outlined a comprehensive roadmap aimed ...

THEBUSINESSBYTES BUREAU LUCKNOW, JUNE 5, 2025 NTPC Northern Region Headquarters marked World Environment Day with fervent participation and a renewed commitment to sustainability, aligning with this year’s global theme, “Ending Plastic Pollution Globally.” The observance served as a powerful reminder of the organization’s dedication to environmental consciousness and responsible practices. The day began with an Environment Day pledge administered by ...

THEBUSINESSBYTES BUREAU BHADRAK, JUNE 5, 2025 Ferro Alloys Corporation Ltd. (FACOR), a Vedanta Group company, celebrated World Environment Day 2025 with a series of impactful sustainability initiatives, underscoring its deep-rooted commitment to environmental stewardship and community development. The celebrations began with the launch of FACOR’s Cycling Club, where employees rode through the verdant green belt surrounding the plant, promoting eco-friendly ...

THEBUSINESSBYTES BUREAU PARADIP, JUNE 5, 2025 Paradip Port Authority (PPA) today celebrated World Environment Day 2025 with a host of impactful activities, resonating with this year’s global theme of “Ending Plastic Pollution.” Reinforcing its steadfast commitment to environmental stewardship and social responsibility, PPA organized a mass plantation drive that not only greened the surroundings but also united the local community ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 4, 2025 On the occasion of World Environment Day, Vedanta Aluminium, India’s largest aluminium producer, announced a significant expansion of its partnership with PwC India to drive sustainability initiatives across its operations in Odisha and Chhattisgarh. The collaboration, which initially focused on biodiversity projects at Vedanta’s Jharsuguda smelter, will now scale to encompass decarbonisation, water ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JUNE 4, 2025 Vedanta Aluminium, India’s largest producer of aluminium, is spearheading a transformative sustainability journey that is positioning it as a global leader in responsible industrial practices. With a sharp focus on decarbonization and energy transition, the company is weaving innovation and ambition into its operations to pave the way for a low-carbon future. A cornerstone ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 3, 2025 In a landmark step towards scientific advancement and maritime self-reliance, India today signed a pivotal Memorandum of Understanding (MoU) with Norway’s Kongsberg to build its first-ever indigenous Polar Research Vessel (PRV). The agreement was signed between Garden Reach Shipbuilders and Engineers Limited (GRSE), a premier Indian shipyard based in Kolkata, and the Oslo-headquartered ...

THEBUSINESSBYTES BUREAU MUMBAI, JUNE 3, 2025 In celebration of World Interiors Day, Crompton Greaves Consumer Electricals Ltd., India’s leading fan brand, has redefined the meaning of home comfort and style with the unveiling of its latest masterpiece — SilentProFluido Wave. This sculpted innovation represents a pivotal shift in home essentials, where superior performance converges with elegant, nature-inspired design. Crafted under ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 3, 2025 India reaffirmed its commitment to inclusive, sustainable, and future-ready digital development during the 11th BRICS Communications Ministers’ Meeting held in Brasília, Brazil. Representing the Government of India, Dr. Pemmasani Chandra Sekhar, Minister of State for Communications and Rural Development, delivered a compelling national statement that aligned with the BRICS presidency theme led by ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 2, 2025 Vedanta Aluminium, India’s largest aluminium producer, has been awarded a prestigious 4-Star rating by the Ministry of Coal for its Jamkhani coal mine in Sundargarh, Odisha, for the financial year 2023–24. Scoring an impressive 83 out of 100 in the Ministry’s star rating assessment, the mine has emerged as one of the top-performing ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 2, 2025 In a significant stride toward strengthening bilateral maritime cooperation, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal held a high-level meeting with Japan’s Vice Minister for International Affairs, Terada Yoshimichi, from the Ministry of Land, Infrastructure, Transport & Tourism (MLIT) in Oslo today. The discussion, held on the sidelines of an international ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 2, 2025 In a remarkable achievement for India’s technology landscape, billionaire Mukesh Ambani-led Reliance Industries has been named the only Indian company in the list of the world’s top 30 most highly valued publicly traded technology firms. The prestigious ranking appears in a comprehensive 340-page global report titled “Trends – Artificial Intelligence”, which explores the ...

THEBUSINESSBYTES BUREAU MUMBAI, JUNE 2, 2025 The Fertiliser Association of India (FAI), the apex body representing the country’s fertiliser sector spanning Public Sector, Joint Sector, and Private Sector enterprises, has announced the election of Sailesh C. Mehta, Chairman & Managing Director of Deepak Fertilisers and Petrochemicals Corporation Ltd and Mahadhan Agri Tech Ltd, as its new Chairman. Bringing over 40 ...

THEBUSINESSBYTES BUREAU NEW DELHI, JUNE 1, 2025 In a clear signal of sustained economic momentum and robust consumption trends, India’s gross Goods and Services Tax (GST) collections soared to ₹2.01 lakh crore in May 2025, marking a sharp 16.4% year-on-year increase from ₹1.72 lakh crore in May 2024, according to data released by the Ministry of Finance on Sunday. This ...

THEBUSINESSBYTES BUREAU JHARSUGUDA, MAY 31, 2025 Vedanta Aluminium, India’s largest producer of aluminium, marked World No Tobacco Day by organizing a series of awareness camps across Keldamal, Barhamunda, and Gudigaon villages near its Jharsuguda operations. Conducted through its Mobile Health Unit (MHU) initiative, the campaign aimed to educate rural communities about the dangers of tobacco consumption and promote healthier lifestyle ...

THEBUSINESSBYTESS BUREAU BHUBANESWAR, 31 MAY 2025 “In today’s rapidly evolving industrial landscape, embracing Industry 4.0 is not a choice — it is a necessity to stay globally competitive,” asserted Brijendra Pratap Singh, Chairman-cum-Managing Director of National Aluminium Company Limited (NALCO), while inaugurating the Smart Mining & Manufacturing Conference in Bhubaneswar on Friday. Organized by NALCO, the event was held under ...

THEBUSINESSBYTESS BUREAU PARADIP, MAY 31, 2025 “Paradip Port isn’t simply number one among Indian Major Ports, but first among all Indian ports in terms of rail-borne traffic,” asserted P. L. Haranadh, Chairman of Paradip Port Authority (PPA), as he set a confident tone at the Port Users Meet hosted on Friday at the PPA Convention Centre. In a stirring keynote ...

THEBUSINESSBYTESS BUREAU LUCKNOW, MAY 30, 2025 As part of the ongoing Swachhta Pakhwada campaign being observed from May 16 to 31, 2025, a tree plantation drive was organized on May 30 at the NTPC Northern Region Headquarters (NRHQ) premises in Lucknow. The event was led by N. S. Rao, Regional Executive Director (North), in the esteemed presence of Samiran Sinha ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, MAY 30, 2025 On Menstrual Hygiene Day, celebrated globally on May 28, Vedanta Aluminium, India’s largest producer of aluminium, took a significant step towards empowering women and improving public health. The company launched a week-long initiative across its Odisha operations, reaffirming its commitment to women’s health and menstrual hygiene awareness. Menstrual Hygiene Day aims to break the ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, MAY 30, 2025 TP Central Odisha Distribution Limited (TPCODL), a joint venture between Tata Power and the Government of Odisha, has announced the launch of Smart Meters across all consumer categories, setting a new benchmark in efficient and transparent energy management. This initiative aligns with the directives from the Government of India, the Government of Odisha, and ...

THEBUSINESSBYTES BUREAU NEW DELHI, MAY 30, 2025 ArcelorMittal Nippon Steel India (AM/NS India) has launched Optigal Prime and Optigal Pinnacle, two high-performance additions to its premium colour-coated steel portfolio, Optigal. These products, designed to meet European corrosion-resistance standards, are poised to transform India’s infrastructure and construction sectors. Optigal Prime and Optigal Pinnacle cater to large, high-end projects such as airports, ...