TBB BUREAU BHUBANESWAR, APRIL 29, 2022 National Bank for Agriculture and Rural Development (NABARD) has disbursed Rs 31,786 crore in Odisha during the financial year ended 31 March 2022, recording an increase of 40% over the preceding year 2020-21. The financial support comprised Rs 14,077 crore to banks for lending towards crop loans as well as term loans in the ...
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Vedanta Aluminium takes Lanjigarh youth on immersion visit to hospitality industry
TBB BUREAU LANJIGARH, APRIL 28, 2022 Vedanta Aluminium, India’s largest producer of aluminium, took trainee students of its Skill Training Program at Lanjigarh in Kalahandi district of Odisha on an immersion tour to experience the workings of the hospitality industry. 30 trainees visited the Amrapali Hotel in Bhawanipatna and got a never-seen-before orientation on the hospitality industry, tourism, food & ...
Read More »Union Steel Minister dedicates to nation Jindal Steel & Power’s 1.4 MT Rebar Mill at Angul plant
TBB BUREAU ANGUL/BHUBANESWAR, APRIL 28, 2022 Union Steel Minister Ram Chandra Prasad Singh on Thursday dedicated TMT Rebar Mill of Jindal Steel & Power (JSP) at its 6 MTPA (million tonne per annum) integrated steel complex at Angul. The 1.4 MTPA capacity TMT Rebar Mill is one of the world’s largest and most mdern Rebar Mill, and the only producer ...
Read More »ICICI Bank launches India’s first comprehensive, open-for-all digital ecosystem for MSMEs
TBB BUREAU MUMBAI, APRIL 28, 2022 ICICI Bank today announced that it has launched India’s first comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, including customers of other banks. The ecosystem has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to MSMEs, who are customers of other ...
Read More »Spice Money and Religare Broking take LIC IPO to 10 crore rural households
TBB BUREAU MUMBAI, APRIL 28, 2022 Spice Money, India’s leading rural fintech that is revolutionising the way Bharat banks, today announced its partnership with Religare Broking Ltd. (RBL) to enable rural citizens to apply for the mega LIC IPO, a first-of-its-kind investment opportunity. Through this association, Religare Broking and Spice Money aim to provide rural citizens with equitable access to ...
Read More »Aluminium prices could average 25pc higher on-year
TBB BUREAU BHUBANESWAR, APRIL 28, 2022 Domestic prices of aluminium, which surged to Rs 300 per kg in March 2022, are expected to gradually decline in the second half of this fiscal and average Rs 225-235 per kg for the whole fiscal, in sync with the global trend. Domestic prices are linked to three-month contracts on the London Metal Exchange ...
Read More »Vedanta Limited Q4FY22 profit up 48 pc at Rs 7,570 crore
TBB BUREAU MUMBAI, APRIL 28, 2022 Vedanta Ltd on Thursday reported a 48 per cent increase in its “PAT before exceptional item and one-time tax credit” to Rs 7,570 crore for January-March (Q4FY22) quarter of FY 2021-22 as against Rs 5,105 crore in the year-ago period. The company reported the highest ever quarterly EBITDA of Rs 13,768 crore for the ...
Read More »Public hearing for Netrabandha Iron Ore Mines passes off peacefully
TBB BUREAU KOIRA, APRIL 27, 2022 The public hearing for JSW subsidiary Bhushan Steel & Power Limited’s Netrabandha Iron Ore Mines was successfully organized at Baladihi village under KoiraTahsil of Sundergarh district on Wednesday. The public hearing was conducted as part of the statutory compliance for environmental clearance. Residents from periphery villages — Khajuridihi, Sonua, Boldihi and Patamunda of Netrabandha ...
Read More »Vedanta Aluminium develops extended reality experience zone to augment workforce safety
TBB BUREAU NEW DELHI, APRIL 27, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has developed an Extended Reality (XR) experience zone to augment safety training for its employees and partners. The zone makes use of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) technologies to enable simulation-based training, thus ensuring an immersive, engaging and safe learning experience ...
Read More »Net direct tax collections rise 49pc to Rs. 1409640.83 crore in FY 2021-22
TBB BUREAU BHUBANESWAR, APRIL 26, 2022 The Net Direct taxes collection touched Rs. 14,09,640.83 crorein Financial Year 2021-22 (FY22). Collection jumped 49.02 per cent over that of the previous fiscal (FY21), mainly due to a low base effect, informed Central Board of Direct Taxes (CBDT) Chairman J B Mohapatra at a press conference here today. In FY21, the net collection ...
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