New Delhi, October 20, 2024 (TBB Bureau): Punjab & Sind Bank has posted strong financial performance for the quarter and half-year ended 30 September 2024, registering significant growth across key financial parameters. The bank reported a Net Profit of ₹240 crore for Q2FY25, representing a 26.98% increase from ₹189 crore in Q2FY24. Total Income witnessed a year-on-year (YoY) rise of ...

NEW DELHI, OCTOBER 20, 2024 (TBB BUREAU):  Dalmia Bharat Ltd, one of India’s leading cement manufacturers, announced a sharp 60.16 percent drop in its consolidated net profit for the September quarter, citing a decline in cement prices as a key factor. The company posted a net profit of Rs 49 crore, significantly lower than the Rs 123 crore recorded during ...

New Delhi, October 19, 2024 (TBB Bureau): Abhyuday Jindal, Managing Director of Jindal Stainless, has been appointed as the new president of the Indian Chamber of Commerce (ICC), one of India’s most prominent industry bodies. Founded in 1925 and headquartered in Kolkata, ICC has played a pivotal role in shaping the nation’s business environment. Jindal, an alumnus of Boston University ...

Puri, October 19, 2024 (TBB Bureau): “The Lighthouse Festival is a key to promoting tourism in Odisha, driving economic growth, and creating job opportunities for local communities,” stated Shantanu Thakur, Union Minister of State for Ports, Shipping & Waterways, as he inaugurated the 2nd Indian Lighthouse Festival 2024 at the Lighthouse Tourism Conclave in Puri on Saturday. Thakur expressed pride ...

Mumbai, October 18, 2024 (TBB Bureau):  Vedanta Limited, a leading global natural resources company, has announced a significant new investment of Rs 1 lakh crore in Odisha, further solidifying its long-standing partnership with the state. This strategic move is expected to generate 2 lakh new employment opportunities and propel Odisha closer to its ambitious goal of becoming a half-trillion-dollar economy ...

Mumbai, October 18, 2024 (TBB Bureau): National Securities Depository Limited (NSDL), one of the world’s leading securities depositories, has reached a significant milestone, with the value of securities held in dematerialized form crossing Rs 500 lakh crore (equivalent to US $6 trillion). This achievement underscores NSDL’s pivotal role in the evolution of India’s financial markets and its growing significance in ...

Bhubaneswar, October 18, 2024 (TBB Bureau): Tanishq, India’s leading jewellery brand from the house of Tata, has made a significant expansion in Odisha by launching three grand stores within 24 hours. This remarkable achievement underscores the brand’s commitment to enhancing its presence in the state and bringing world-class jewellery closer to its patrons. The new stores are located at: Patrapada, ...

Rourkela, October 18, 2024 (TBB Bureau): TBZ-The Original, India’s prestigious and heritage-rich jewellery brand, has officially opened its doors in Rourkela, marking its first store in the Steel Capital of Odisha and its second in the state. The new store, located in Uditnagar, brings the brand’s celebrated legacy of 160 years, established in 1864 in Mumbai’s Zaveri Bazar, to the ...

Mumbai, October 17, 2024 (TBB Bureau): In a significant move to bolster its presence in the South Asian market, Reliance Brands Holding UK Limited (RBL UK), a wholly-owned subsidiary of Reliance Brands Limited, has announced a joint venture with Mothercare Global Brand Limited. This new entity will own the Mothercare brand and its intellectual property across India and neighboring regions, ...

New Delhi, October 17, 2024 (TBB Bureau): India is on course to becoming a global biomanufacturing hub driven by cutting-edge science and technology, Union Minister of State for Science and Technology, Dr. Jitendra Singh, sai on thursday. Addressing the Golden Jubilee celebrations and Milestone Observation Program at the CSIR-NIIST campus in Thiruvananthapuram, Dr. Singh emphasized the need for India to ...

New Delhi, October 17, 2024 (TBB Bureau): In a significant policy shift, the Ministry of Railways has announced a reduction in the Advance Reservation Period (ARP) for train tickets from 120 days to 60 days, effective from November 1, 2024. This change, aimed at improving ticket availability for genuine travellers and reducing the rate of cancellations and no-shows, excludes the ...

Bhubaneswar, October 17, 2024 (TBB Bureau): The Micro, Small, and Medium Enterprises (MSME) sector in Odisha is undergoing a dynamic digital revolution, propelled by the Confederation of Indian Industry’s (CII) groundbreaking Digital Saksham program. Supported by Mastercard, this innovative initiative is empowering micro enterprises across 13 states and over 55 industrial clusters, bridging the gap between traditional business models and ...

Mumbai, October 17, 2024 (TBB Bureau):  Secondary long-steel producers are set to witness a 7 per cent rise in revenue this fiscal, up from 4 per cent in the previous year, driven by strong domestic demand fueled by central government expenditure on housing and infrastructure projects. According to CRISIL Ratings, this growth is backed by improved operating leverage and declining ...

New Delhi, October 17, 2024 (TBB Bureau):  Maruti Suzuki India Limited (MSIL) has achieved a significant milestone, crossing the 1 crore cumulative production mark at its Manesar facility in Haryana. The company announced on Thursday that this accomplishment makes the Manesar plant the fastest among Suzuki’s global manufacturing units to achieve this feat, doing so in just 18 years. Hisashi ...

Lanjigarh, October 16, 2024 (TBB Bureau): In a testament to the power of rural talent and corporate support, two young archers from Kalahandi, Khirod Kumar and Omkar Majhi, clinched gold and silver medals respectively at the prestigious CBSE Archery Championship 2024, held in Raipur. Both athletes, trained under the Vedanta Sports Initiative, demonstrated exceptional skill, securing top honors among over ...

Bhubaneswar, October 15, 2024 (TBB Bureau): The prestigious Dalmia School Meet 2024, a vibrant and competitive gathering of over 300 students from seven Dalmia schools across India, successfully concluded at Dalmiapuram, Tamil Nadu. The event witnessed enthusiastic participation from students representing schools in Rajasthan, Odisha, Gujarat, Tamil Nadu, Bihar, Meghalaya, and Andhra Pradesh, showcasing a perfect blend of athletic prowess ...

New Delhi, October 15, 2024 (TBB Bureau): Vedanta Limited today unveiled the official lineup for the Kalinga Lancers as the highly anticipated Hockey India League (HIL) 2024 returns after a seven-year hiatus. Following their dominant performance in the player auction, Vedanta has successfully assembled a formidable team, blending emerging talent and seasoned veterans to position the Kalinga Lancers as strong ...

Sundargarh, October 15, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, played a key role in fostering the latent talents of rural students by supporting the “Suravi Children’s Festival,” a state-level platform aimed at nurturing young minds from local communities. The festival, held at Girisma Upper Primary School, witnessed enthusiastic participation from students representing 186 schools across 18 gram ...

Mumbai, October 14, 2024 (TBB Bureau): Jio Platforms, the digital and telecom arm of Reliance Industries, posted a robust 23.4% year-on-year increase in consolidated net profit for Q2 FY25, reaching Rs 6,539 crore. The significant growth was driven by a surge in average revenue per user (ARPU), which climbed to Rs 195.1 per month. The company’s revenue from operations also ...

New Delhi, October 14, 2024 (TBB Bureau): Vedanta Limited has appointed David John as Strategy Director and Dr. A.B. Subbaiah as Team Manager for the Kalinga Lancers, ahead of the highly anticipated return of the Hockey India League (HIL) in 2024, following a seven-year hiatus. These strategic appointments reflect Vedanta’s commitment to building a top-performing team, poised to excel in ...

Jharsuguda, October 14, 2024 (TBB Bureau): Vedanta Jharsuguda marked the festival of Dussehra with grandeur and a deep sense of community, embracing the festival’s core message of the triumph of good over evil. The multi-day celebration brought together employees and their families to participate in traditional rituals, cultural performances, and community-building activities, fostering a spirit of unity and shared joy. ...

Mumbai, October 14, 2024 (TBB Bureau): According to a recent analysis by CRISIL Ratings, India’s cement demand is projected to grow at a moderate pace of 7-8% year-on-year, reaching approximately 475 million tonnes (MT) this fiscal year. This follows a robust compound annual growth rate (CAGR) of 11% from fiscal years 2022 to 2024. Despite the slowdown, the operating profitability ...

Bhubaneswar, October 11, 2024 (TBB Bureau): Utkal Alumina International Ltd. (UAIL), an Aditya Birla Group company, has launched an ambitious initiative, Project URMI, aimed at transforming healthcare access and outcomes for thousands of residents in the Kashipur Block of Rayagada district and the Thuamul Rampur Block in Kalahandi districk of Odisha. Over the next three years, the project is set ...

Mumbai, October 10, 2024 (TBB Bureau):  Mayukh Dealtrade Limited, a BSE-listed company engaged in the manufacturing of industrial burners, has announced plans to raise up to Rs. 49 crore through a rights issue of equity shares. The proposal, approved by the Board of Directors on August 30, 2024, is aimed at enhancing the company’s growth trajectory. The funds will be ...

New Delhi, October 10, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, has achieved a significant milestone by becoming the first Indian smelter to integrate with the London Metal Exchange (LME) Passport platform. This landmark achievement positions Vedanta Aluminium as one of only five primary aluminium producers globally to digitally connect its metal quality analysis system with the LME ...

Bhubaneswar, October 10, 2024 (TBB Bureau): Under Armour, the global sportswear giant, has made its much-anticipated debut in Odisha with the opening of its first exclusive store at Bhubaneswar’s Nexus Esplanade Mall on Thursday. The store was inaugurated by none other than Olympic and World Champion Neeraj Chopra, who received a warm welcome from sports enthusiasts, fitness buffs, and his ...

Mumbai, October 10, 2024 (TBB Bureau): Ageas Federal Life Insurance Company Limited proudly announces the appointment of Jude Gomes as the new Managing Director & Chief Executive Officer (MD & CEO). This appointment has received the necessary approval from the Insurance Regulatory and Development Authority of India (IRDAI). Jude Gomes, a seasoned industry leader, brings over three decades of extensive ...

Jharsuguda, October 10, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, in collaboration with the District Health Department of Jharsuguda, organized a health awareness program in the villages of Sunarimunda and Brundamal. The initiative, which reached over 200 local residents, underscores Vedanta Aluminium’s commitment to enhancing the health and well-being of the communities around its operations. The event featured ...

Mumbai, October 9, 2024 (TBB Bureau):  Ratan Naval Tata, the Chairman Emeritus of Tata Sons and one of India’s most revered business leaders, passed away on Wednesday at the age of 86 at Breach Candy Hospital, Mumbai, following age-related health complications. His death marks the end of an era in Indian industry and leaves a profound void in the corporate, ...

Bhubaneswar, October 9, 2024 (TBB Bureau): Leading steelmaker Jindal Steel & Power (JSP) has reaffirmed its commitment to sustainable corporate social responsibility by winning the Business Excellence in Sustainability Award in the manufacturing category at the 2nd Annual Symposium and Excellence Awards 2024, organized by the Indian Chamber of Commerce in New Delhi on Wednesday. This prestigious award recognizes JSP’s ...

Ranchi, October 9, 2024 (TBB Bureau): NTPC Limited, India’s largest power utility, has earned a spot among the “World’s Best Employers 2024” in the prestigious Forbes list, released on October 8, 2024. This recognition places NTPC among the top 500 companies globally and marks it as the only Indian Maharatna CPSE to be included. The Forbes World’s Best Employers list, ...

Bhubaneswar, October 9, 2024 (TBB Bureau): Britannia Bel Foods, a leading player in India’s cheese industry, has announced the opening of its state-of-the-art cheese manufacturing facility in Maharashtra, marking a new milestone in its joint venture with the global dairy leader, Bel Group. The factory will locally produce Britannia The Laughing Cow products, catering to the Indian market while empowering ...

Bhubaneswar, October 9, 2024 (TBB Bureau): In a significant step to reinforce its commitment to consumer protection and distributor support, Amway India, a prominent leader in health and wellness, has launched a robust awareness campaign against unauthorized sales of its products. The initiative is aimed at educating consumers and stakeholders about the risks of purchasing products from unauthorized channels, while ...

New Delhi, October 9, 2024 (TBB Bureau): The Reserve Bank of India (RBI) has once again opted to maintain the repo rate at 6.5 per cent, signaling a steady approach amid global economic uncertainties. The decision came during the Monetary Policy Committee (MPC) meeting on Wednesday, where the central bank also retained its FY25 real GDP growth forecast at 7.2%. ...

DÜSSELDORF, OCTOBER 8, 2024 (TBB BUREAU): Vedanta Aluminium, India’s leading aluminium producer, is gearing up to showcase its pioneering sustainable aluminium solutions at the prestigious ‘ALUMINIUM 2024’ world trade fair in Düsseldorf, Germany. Visitors can explore Vedanta’s extensive product portfolio, including its groundbreaking sustainable offerings under the ‘Restora’ brand, at Hall No. 6, Booth No. 64D5. As the cornerstone of ...

New Delhi, October 8, 2024 (TBB Bureau): Sonalika Tractors, India’s No. 1 tractor export brand, has once again demonstrated its dominance in the tractor industry by setting a new performance milestone for FY ’25. At the start of the festive season, the company has recorded its highest-ever domestic year-to-date (YTD) sales of 63,136 tractors, achieving an astounding 7-time growth compared ...

Rajasthan, October 8, 2024 (TBB Bureau): Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement manufacturer, has emerged as the preferred bidder for three crucial limestone blocks—NB-01, NB-02, and NB-03—located in Nimbol, Tehsil Jaitaran, District Beawar, Rajasthan. These blocks, spanning 41.37 hectares and containing an estimated 28.43 million tons of limestone, were won during the recently concluded auctions conducted by the Government ...

New Delhi, October 8, 2024 (TBB Bureau): Motorola, a global leader in mobile technology and innovation, has announced significant festive discounts and new color variants across its most popular smartphones during Flipkart’s Big Billion Days Sale. As part of its “Hello Colours, Hello AI” campaign, Motorola showcases its unique design and color language with new offerings for models like the ...

Bhubaneswar, October 8, 2024 (TBB Bureau): Peter England, one of India’s leading menswear brands under Aditya Birla Fashion and Retail Ltd., has bolstered its presence in Eastern India with the launch of a brand-new flagship store in Bhubaneswar. The spacious 1,700-square-foot outlet, located in the bustling Kharvela Nagar area, aims to redefine the shopping experience for Odisha’s style-conscious men. Odisha’s ...

Mumbai, October 07, 2024 (TBB Bureau): Union Bank of India, one of the country’s premier public sector banks, celebrated Hindi Diwas with great enthusiasm at the Y B Chavan Auditorium, Nariman Point, Mumbai. The event, held on Monday, underscored the bank’s commitment to promoting Hindi and local languages, with A. Manimekhalai, MD & CEO, presiding over the ceremony. Also in ...

Bongaigaon, October 7, 2024 (TBB Bureau): In a significant move to bolster sanitation infrastructure at Jawahar Navodaya Vidyalaya (JNV) Basugaon, Kokrajhar, NTPC Bongaigaon, in partnership with the District Administration of Kokrajhar and the Public Works Department (PWD), has signed a Memorandum of Agreement (MoA) for the construction of a new toilet block. The MoA, valued at Rs 9.35 lakh, was ...

New Delhi, October 7, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, marked National Nutrition Month 2024 with impactful community health initiatives across its operations. Tailored specifically for children, adolescents, and mothers, the campaign emphasized the importance of a balanced diet and nutritious food choices. This year’s theme, ‘Nutritious diet for everyone,’ is observed annually by the Government of ...

New Delhi, October 07, 2024 (TBB Bureau): In a bid to advance digital literacy and empower young girls, Aakash Educational Services Limited (AESL), a national leader in test preparatory services, has inaugurated a fully-equipped computer lab at the Govt Girls Senior Secondary School in Shiv Vihar, Uttam Nagar, New Delhi. This initiative, part of AESL’s corporate social responsibility (CSR) efforts, ...

Mumbai, October 7, 2024 (TBB Bureau): Capri Global Capital Ltd (Capri Loans), a prominent name in the non-banking financial sector, has launched Capri AI-Dost, an AI-driven chatbot aimed at transforming customer interaction by providing round-the-clock assistance for loan-related queries. Announcing the launch, Tarun Aggarwal, Group CTO, Capri Global, emphasized the company’s commitment to enhancing customer experience through technology. “We are ...

Bhubaneswar, October 7, 2024 (TBB Bureau): The Bansidhar & Ila Panda Foundation (BIPF) has announced the opening of applications for the 20th edition of the Professor Ghanashyam Dash Scholarship (PGDS) for Higher Education. This scholarship aims to support meritorious students from Odisha in pursuing higher professional education. Each year, six deserving students receive financial assistance to study fields including engineering, ...

Paradip, October 7, 2024 (TBB Bureau): In a remarkable achievement that underscores its relentless dedication and operational excellence, Paradip Port Authority (PPA) has broken new ground in cargo handling. As of October 6, 2024, the port has handled an impressive 75.17 million metric tonnes (MMT) of cargo in the current fiscal year, achieving this milestone 12 days ahead of the ...

New Delhi, October 7, 2024 (TBB Bureau): The Steel Authority of India Limited (SAIL), India’s largest government-owned steel producer, has partnered with leading global resources company BHP to accelerate the decarbonisation of steel production. The two industry giants have signed a Memorandum of Understanding (MoU) to explore innovative technologies and strategies aimed at reducing carbon emissions in steelmaking, particularly through ...

Bhubaneswar, October 7, 2024 (TBB Bureau): Linen Club, the renowned fashion brand from the Aditya Birla Group and one of India’s top destinations for premium linen fabrics, has kicked off its much-anticipated annual festive campaign, Linen Utsav, in its exclusive showrooms in Bhubaneswar and Cuttack. Celebrating the Puja season, Linen Utsav brings exciting offers and a wide range of festive ...

New Delhi, October 7, 2024 (TBB Bureau): India’s automobile market saw a 6.55 per cent year-on-year growth in retail sales during the first half of the current fiscal year (FY25), with robust two-wheeler (2W) sales driving the surge, according to a report from the Federation of Automobile Dealers Associations (FADA). The report indicates that rural markets are poised to further ...

Mumbai, October 7, 2024 (TBB Bureau): Kotak Mahindra Asset Management Company Ltd (KMAMC), widely known as Kotak Mutual Fund, has launched an exciting new offering for investors keen on global exposure—the Kotak MNC Fund. This open-ended equity scheme focuses on multinational companies (MNCs), providing investors with the opportunity to invest in top global corporations known for their business resilience, advanced ...