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Kotak Asset Management Company launches Business Cycle Fund

TBB BUREAU BHUBANESWAR, SEPT 06, 2022 Kotak Mahindra Asset Management Company Ltd on Tuesday announced the launch of Kotak Business Cycle Fund, an open-ended scheme following business cycles based investing theme that would invest in stocks and sectors of the companies that can navigate through economic cycles. The scheme opens for public subscription on 7th September, 2022 and closes on ...

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Future Generali launches ‘FG Health Absolute’

TBB BUREAU BHUBANESWAR, SEPT 05, 2022 Future Generali India Insurance Company Limited (FGII) has launched a comprehensive health insurance product – FG Health Absolute, designed towards empowering customers to actively manage their health and leading a healthy lifestyle. FG Health Absolute comes with a host of wellness benefits provided as a part of the product. The policy helps customers access ...

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NTPC acquires Jhabua Power through Corporate Insolvency Resolution route

TBB BUREAU NEW DELHI, SEPT 05, 2022   India’s largest integrated power producer NTPC Ltd has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal (NCLT), Kolkata. This is the first acquisition of a power asset by NTPC through NCLT route, a step forward in accomplishing NTPC’s long-term capacity targets. Shareholders Agreement ...

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Data consumption increased 100 times in 6 years of Jio

TBB BUREAU BHUBANESWAR, SEPT 05, 2022 India’s largest telecom operator Reliance Jio has completed six years of commercial commencement of its services on September 5, 2022. In these six years, the telecom industry witnessed massive transformation and registered over 100 times increase in average per capita data consumption per month. According to data published by Telecom Regulatory Authority of India ...

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InsuranceDekho launches travel insurance

TBB BUREAU NEW DELHI, SEPT 05, 2022 One of the India’s leading Insurtech startup, InsuranceDekho, has recently expanded its product portfolio by offering ‘Travel Insurance’ on its online platform. It has partnered with HDFC Ergo, Reliance General, Care, ICICI Lombard and Bajaj Allianz to offer the travel insurance products and is in the process of tying up with other insurers. ...

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Margin pressure to ease for steel makers in H2FY23

TBB BUREAU NEW DELHI, SEPT 05, 2022 The operating margin of domestic primary steelmakers is estimated to fall to 14-16% in the first half of this fiscal, compared with a decadal high 30% for the whole of last fiscal, due to high input costs, lower realisations and imposition of export duty on finished steel products, among other reasons, says a ...

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Shyam Steel to invest Rs 2500 crore in brownfield and greenfield projects

TBB BUREAU BHUBANESWAR, SEPT 05, 2022 Shyam Steel, one of the leading producers and manufacturers of primary TMT bars, on Monday announced major plan to expand its retail operations across North India and the NCR region. The company plans to undertake investments of around Rs 2500 crore in brownfield and greenfield projects to expand its production capacity. North India has ...

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Jio to lead India’s transition from 4G to 5G as it turns six

TBB BUREAU BHUBANESWAR, SEPT 04, 2022 As it turns six, Reliance Jio is yet again set to lead India’s next digital transition – from 4G to 5G. Reliance Jio’s launch of True 4G services on September 5, 2016, drove India’s digitalisation in a great way, improving ease of living for millions and creating hundreds of billions of dollars of wealth. ...

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TPCODL sets up Skill Development Centre to upskill employees

TBB BUREAU BHUBANESWAR, SEPT 04, 2022 TPCODL-Skill Development Centre (SDC) is an endeavour of TP Central Odisha Distribution Limited (TPCODL) to ensure skill development, technical training and exposure to new practices in the power distribution sector. The company inaugurated its first such training centre in Bhubaneswar recently for its employees working under Bhubaneswar 1 Electricity Circle. TPCODL plans to open ...

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