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Policybazaar findings indicate higher propensity to purchase insurance in tier-2 & 3 cities after the Covid outbreak

TBB BUREAU BHUBANESWAR, MAY 11, 2022  There is a growing level of propensity to buy insurance, especially in tier-2 and 3 cities of India, finds a survey conducted by an online insurance marketplace. Policybazaar, one of India’s largest online insurance marketplaces, conducted an online survey to understand the changing consumer sentiment towards insurance purchase, household finances and investments over the ...

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Asian Granito India’s Rs 441 cr Rights Issue gets overwhelming response

TBB BUREAU AHMEDABAD, MAY 11, 2022 Asian Granito India Limited (AGL)’s Rs. 441 crores Rights Issue, largest ever by any Ceramic Company in India, achieved successful closure, receiving overwhelming response from the shareholders and investors despite challenging times. The public portion of the Rights Issue was subscribed more than 1.38 times receiving bids for 6.87 crore shares or Rs. 432 ...

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JioFiber now available at Bargarh and Semiliguda in Odisha

TBB BUREAU BHUBANESWAR, MAY 10, 2022 Continuing its rapid expansion across various key cities and towns in Odisha, JioFiber, the most popular high-speed broadband service in the country, has now commenced its services in key areas of major cities and towns across the state. Further consolidating its leadership in the high speed broadband segment in the state, JioFiber broadband service ...

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Dalmia Bharat Q4FY22 net profit at Rs 599 crore

TBB BUREAU NEW DELHI, MAY 10, 2022 Cement maker Dalmia Bharat has reported around 6 per cent decline in consolidated net profit at Rs 599 crore for the fourth quarter (Q4FY22) ended March 2022. It had clocked a net profit of Rs 640 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. However, revenue from operations was ...

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Vedanta Aluminium inks MoU with National Forensic Sciences University

TBB BUREAU NEW DELHI, MAY 10, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has signed a Memorandum of Understanding (MoU) with the National Forensic Sciences University (NFSU), Gandhinagar to promote Research, Training and Academic initiatives for its security professionals. National Forensic Science University (NFSU) is a renowned and the one and only Forensic Science University in the world, known ...

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Odisha to boost opportunities in Steel, Aluminium and downstream metal industries

TBB BUREAU ANGUL, MAY 9, 2022 A one of its kind industrial promotion event, “Advantage Angul” is being conducted at the Angul Aluminium Park on 9th and 10th May 2022, in joint collaboration by the Industries Department, MSME Department, Start Up–Odisha, and the District Administration Angul. This first of its kind event outside the state capital was inaugurated today by ...

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Bank of Baroda launches end-to-end digital co-lending platform

TBB BUREAU MUMBAI, MAY 9, 2022 Bank of Baroda (Bank), one of India’s leading public sector banks and named the Best Technology Bank by Indian Banks’ Association (IBA), on Monday announced the launch of an end-to-end Digital Platform to facilitate co-lending of loans in partnership with NBFCs. The platform provides seamless integration between the Bank and multiple NBFC partners to ...

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Tod’s S.p.A, Reliance Brands enter into multi-year franchise agreement

TBB BUREAU NEW DELHI, MAY 9, 2022          Reliance Brands Ltd (RBL) on Monday said it has entered into a long-term franchise agreement with Tod’s SpA to become the official retailer of the Italian luxury lifestyle brand for the Indian market.         As per the agreement, RBL is the official retailer of the brand across all categories, including footwear, handbags ...

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Godrej & Boyce celebrates 125th anniversary

TBB BUREAU MUMBAI, MAY 9, 2022 Celebrating its 125th anniversary (1897-2022), Godrej & Boyce, the flagship company of the Godrej Group, today announced an organisation-wide initiative with a focus on bringing new innovative solutions to market that are not only sustainable and but also boost growth across its key B2B and B2C businesses.  Godrej & Boyce plans to double its ...

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Steel prices set to bend on weak season after a two-year rally: CRISIL report

TBB BUREAU MUMBAI, MAY 9, 2022 Domestic steel prices are showing signs of fatigue after a relentless rally over the past two years following supply disruptions, decarbonization measures globally, especially in China and geopolitical risks stemming from the RussiaUkraine war, which has driven up raw material costs. While prices have defied correction predictions because of continuing uncertainties, some moderation is ...

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