TBB BUREAU MUMBAI, FEBRUARY 4, 2022 Reliance Industries’ telecom arm Jio Platforms on Friday announced an investment of $15 million in Two Platforms Inc, a Silicon Valley-based deep tech startup, founded by Pranav Mistry, for a 25 per cent equity stake on a fully diluted basis. Founded by former Samsung Technology and Advanced Research president and CEO Pranav Mistry, Two ...

TBB BUREAU MUMBAI, FEBRUARY 4, 2022 India’s leading fashion company Aditya Birla Fashion and Retail Ltd (ABFRL) will set up a platform to foray in the direct-to-consumer (D2C) business. The board of directors of the company in their meeting on Friday approved the setting up of the new subsidiary. Its D2C platform is focused towards building a portfolio of distinct, ...

TBB BUREAU BHUBANESWAR, FEBRUARY 3, 2022           The Vedanta BALCO Medical Centre (BMC), which has emerged as central India’s leading cancer care hospital, has tied up with Odisha Government’s Biju Swasthya Kalyan Yojana (BSKY), creating easier avenues for BSKY beneficiaries to avail quality cancer care. Launched earlier in January by the State Government, the Biju Swasthya Kalyan Yojana aims to ...

TBB BUREAU MUMBAI, FEBRUARY 3, 2022 Future Generali India Insurance Company Limited (FGII) on Wednesday announced the launch of its innovative ‘FG Gift of Health’ product. Through this unique offering, FGII aims to empower individuals by providing them with an insurance product that can be gifted by anyone to support and secure people who matter to them, be it the ...

TBB BUREAU BHUBANESWAR, FEBRUARY 2, 2022 As part of its long term commitment towards renewable energy transition, Dalmia Cement (Bharat) Limited (DCBL), a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has added its ground-mounted solar power plant capacity to 17.1 MW (from 2.4MW in 2014), in Cuttack. Spread over 49 acres, the solar power plant is ...

TBB BUREAU NEW DELHI, FEB 2, 2022 India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating assigned to Jindal Stainless Limited (JSL) to ‘IND AA-’ with a stable outlook, while resolving the Rating Watch Evolving (RWE). The agency had previously assigned ‘IND A+/RWE’ rating to JSL’s long-term credit facilities. As per the report released by Ind-Ra, the upgrade ...

TBB BUREAU NEW DELHI, FEBRUARY 1, 2022 Indian Chamber of Commerce (ICC) has lauded the growth-oriented policy direction of the Union Budget 2022-23 based on EoDB, reforms, clear direction based on digital transformation. Budget measures would raise demand, support consumption, fast track economic recovery, support Employment generation and Output in the Economy. Commenting on the Union Budget 2022-23 presented in ...

TBB BUREAU NEW DELHI, FEB 1, 2022 India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs ...

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022 With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has approached the Ministry of Coal, urging immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022            GST collection in January crossed Rs 1.38 lakh crore in January, a growth of 15 per cent over the year-ago period.            Total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore that includes 36 lakh quarterly returns, the Finance Ministry said.            “The gross GST revenue ...