Bhubaneswar, May 09, 2024 (TBB Bureau): Dabur Glucose on Thursday launched its ‘Energize India’ campaign aimed at fostering young athletic talent and raising awareness about the significance of energy and stamina among budding athletes in prominent sports academies across India. In a significant stride towards this initiative, a special awareness session on energy and stamina management was conducted at the ...

New Delhi, May 09, 2024 (TBB Bureau): Indian Renewable Energy Development Agency Ltd. (IREDA) has made a significant stride in its commitment to fostering green financing with the incorporation of a wholly owned subsidiary in the International Financial Services Centre (IFSC) situated in Gujarat International Finance Tec-City (GIFT City), Gujarat. Named “IREDA Global Green Energy Finance IFSC Limited,” the subsidiary ...

New Delhi, May 09, 2024 (TBB Bureau): Public sector lender Punjab National Bank (PNB) on Thursday unveiled its financial performance for the quarter and year ended March 31, 2024, showcasing remarkable growth and profitability. PNB reported a notable surge in net profit, with a staggering year-on-year (YoY) growth of 159.8% and a quarter-on-quarter (QoQ) increase of 35.4% in Q4 of ...

Does profit alone power your company? Today, sustainability is the new currency of business. Purpose is the new passion, and people and planet are just as important as profit. Your company will lack longevity and sustainability if its performance is lacking in non-fiscal metrics like social responsibility and corporate governance. That’s why companies must embrace Corporate Social Accountability (CSA). It’s ...

Bongaigaon, May 08, 2024 (TBB Bureau): NTPC Bongaigaon celebrates a remarkable achievement at the 6th Corporate Management Olympiad 2024 by securing the prestigious 1st Runner-Up Trophy in the Case Study Category. This accolade underscores the station’s unwavering dedication to excellence and innovation in corporate management practices. Madhurjya Singha Lahkar, Senior Manager, HR-Corporate Communication, and Manish Kr. Singh, Senior Manager, C&I, ...

Bhubaneswar, May 08, 2024 (TBB Bureau): Tata Power Central Odisha Distribution Limited (TPCODL) convened its Annual Business Associate (BAs) Meet here on Tuesday, drawing 90 enthusiastic participants from across the nation. The event served as a dynamic platform for engaging discussions and strategic dialogues, aimed at fostering mutual growth and innovation within the energy domain. Under the stewardship of CEO ...

New Delhi, May 08, 2024 (TBB Bureau): Representatives from 26 states convened in a pivotal meeting aimed at creating a State Mining Index, a groundbreaking tool designed to illuminate key aspects of the mining sector’s operational landscape within each state. The meeting, held on Wednesday, served as a platform for stakeholders to delve into the intricacies of fostering an environment ...

Bhubaneswar, May 08, 2024 (TBB Bureau): Dish TV, India’s leading DTH provider, has set a new benchmark in the entertainment realm with its groundbreaking initiative – ‘Dish TV Smart+’ services. This pioneering move promises to redefine how Indians experience entertainment by offering seamless access to TV and OTT content on any screen, anywhere, without additional costs. The ‘Dish TV Smart+’ ...

New Delhi, May 08, 2024 (TBB Bureau): Indian Coast Guard (ICG) and Jindal Steel & Power (JSP)forged a significant partnership on May 7, 2024, in New Delhi with the signing of a Memorandum of Understanding (MoU). This landmark agreement aims to bolster the supply of indigenous marine-grade steel, a move geared towards elevating the indigenous content in shipbuilding endeavors. Under ...

Kolkata, May 07, 2024 (TBB Bureau): In a significant move towards enhancing educational opportunities and fostering academic collaboration, the Institute of Company Secretaries of India (ICSI) has inked a Memorandum of Understanding (MoU) with Amity University, Kolkata. The initiative, part of ICSI’s Academic Collaboration Initiative, aims to facilitate a comprehensive partnership focused on imparting knowledge and skills in various domains. ...

Navigating the complexities of infrastructure amidst Odisha’s Nor’wester fury PRIYABRAT BISWAL The tempestuous fury of a Nor’wester descended upon the capital city of Odisha on a fateful Monday (May 6, 2024) afternoon, leaving in its wake a trail of devastation, particularly within the delicate web of the power supply infrastructure. As the tempest raged, swathes of the city were shrouded ...

Bhubaneswar, May 06, 2024 (TBB Bureau): In a move aimed at bolstering customer service and ensuring power reliability, Tata Power Central Odisha Distribution Limited (TPCODL) has unveiled state-of-the-art Transformer Monitoring Units (TMUs) at its 33/11kV primary substations in the twin cities of Bhubaneswar and Cuttack. The TMUs, recently introduced by TPCODL, offer a comprehensive suite of monitoring, control, and communication ...

Bhubaneswar, May 4, 2024 (TBB Bureau): The Eastern Region of The Institute of Company Secretaries of India (ICSI) on Saturday hosted its convocation ceremony at Rabindra Mandap here, celebrating the achievements of new members and recognizing excellence in the Eastern Region. Amidst a palpable atmosphere of accomplishment, membership certificates were bestowed upon individuals who successfully attained the prestigious status of ...

Lanjigarh, May 04, 2024 (TBB Bureau): Vedanta Limited, Lanjigarh, India’s premier producer of smelter grade alumina and a unit of Vedanta Aluminium, recently launched anadvanced Energy Management System across its power plant. This system is poised to revolutionize energy efficiency practices by monitoring 120 critical electrical assets, thereby optimizing energy consumption across the entire plant. The initiative underscores Vedanta’s commitment ...

Bhubaneswar, May 02, 2024 (TBB Bureau): In a remarkable feat of engineering prowess, Tata Power Central Odisha Distribution Limited (TPCODL) has achieved an unprecedented milestone by seamlessly meeting the colossal peak demand of 2140 MW in April 2024, setting a new benchmark for energy distribution in the region. This achievement comes amidst soaring temperatures, with the state capital, Bhubaneswar, experiencing ...

New Delhi, May 02, 2024 (TBB Bureau): The latest data released by the Indian Bureau of Mines (IBM) reveals a significant uptick in the index of mineral production for the mining and quarrying sector in February 2024. Compared to the same period last year, the index stands at 139.6, marking an impressive 8 per cent increase. This surge underscores the ...

Mumbai, May 02, 2024 (TBB Bureau): Renowned actor Manoj Bajpayee has teamed up with Nand Ghar, a transformative initiative aimed at revolutionizing 14 lakh anganwadis across India, in unveiling a national movement titled “Agar Bachpan Se Poocha Khaana Khaya, Toh Desh Ka Kal Banaya” (If asked as a child, did you eat? Then you shaped the future of the nation). ...

New Delhi, May 02, 2024 (TBB Bureau): India’s coal production for April 2024 has surged to 78.69 million metric tonnes (MT) (Provisional), marking a significant growth rate of 7.41 per cent compared to the corresponding period in the previous year, which stood at 73.26 MT. This robust growth in coal production underscores the nation’s continued efforts to meet its energy ...

Jharsuguda, May 02, 2024 (TBB Bureau): The Jharsuguda operations of Vedanta Aluminium, India’s largest producer of aluminium, has been recognized as the highest revenue generator for Indian Railways in the Sambalpur Division. The accolade was bestowed upon the company during a ceremony held at its Jharsuguda plant, where Tushar Kant Pandey, Divisional Railways Manager of Sambalpur Division, along with Tanmay ...

New Delhi, May 02, 2024 (TBB Bureau): During the recent visit of India’s Commerce Secretary Sunil Barthwal to New Zealand on April 26-27, both nations engaged in discussions aimed at enhancing collaboration in various sectors to bolster bilateral trade ties. The talks centered around fostering cooperation in areas such as pharmaceuticals, digital trade, and cross-border payment systems, reflecting a mutual ...

New Delhi, May 02, 2024 (TBB Bueau):  In a testament to its intellectual prowess and strategic acumen, energy major NTPC has emerged victorious at the prestigious SCOPE Business Quiz Bonanza (SBQB), held recently at the SCOPE Convention Centre. The triumph unfolded amidst the grandeur of the Public Sector Day celebrations, showcasing NTPC’s unwavering commitment to excellence. The winning NTPC team, ...

New Delhi, May 01, 2024 (TBB Bureau):  Adani Power on Wednesday announced impressive growth figures for FY24, with a 37% increase in revenue, reaching Rs 50,960 crore. Their continuing EBITDA more than doubled to Rs 18,789 crore. The company also reported a significant surge in consolidated profit before tax (PBT), which more than doubled to Rs 20,792 crore compared to ...

New Delhi, May 01, 2024 (TBB Bureau):  In a significant move towards social empowerment, the Dalmia Bharat Foundation (DBF), the corporate social responsibility arm of Dalmia Bharat Ltd. (DBL), has teamed up with Karur Vysya Bank (KVB) to sign a Memorandum of Understanding (MoU). The primary objective of this collaboration is to empower rural youth through skill development initiatives. The ...

New Delhi, May 01, 2024 (TBB Bureau):  In a bold move set to redefine the stainless steel landscape, Jindal Stainless, India’s premier stainless steel manufacturer, unveiled ambitious expansion and acquisition plans aimed at catapulting the company to global leadership status. With a strategic investment strategy totaling nearly Rs 5,400 crore, Jindal Stainless is poised to significantly enhance its melting and ...

New Delhi, May 01, 2024 (TBB Bureau):  Union Finance Minister Nirmala Sitharaman on Wednesday announced that India’s gross GST revenue collection for April this year surged to an all-time high of Rs 2.10 lakh crore. This marks a significant 12.4% year-on-year growth, propelled by robust increases in both domestic transactions, up 13.4%, and imports, up 8.3%. After accounting for refunds, ...

New Delhi, April 30, 2024 (TBB Bureau): Invest India underscored on Tuesday the substantial business prospects for critical mineral processing within the nation to overseas investors, elucidating the fiscal and non-fiscal perks extended to propel advancement in this burgeoning domain. On the conclding day of the critical minerals summit, primary mining states like Odisha and Andhra Pradesh also divulged the ...

New Delhi, April 30, 2024 (TBB Bureau): Who would have thought that metals and minerals could bring a chuckle? In a departure from the usual stoic Business-to-Business (B2B) approach, Vedanta Aluminium, India’s leading aluminium producer, has kicked off an amusing social media campaign dubbed ComicAL. This initiative ingeniously showcases the diverse capabilities of aluminium, often hailed as the ‘Metal of ...

Ahmedabad, April 30, 2024 (TBB Bureau):  Adani Total Gas Ltd (ATGL) on Tuesday announced robust financial results for FY24, with significant growth across key metrics. The company reported an EBITDA of Rs 1,150 crore, marking a remarkable surge of 27% year-on-year. Consolidated profit after tax (PAT) stood at Rs 668 crore, reflecting a substantial increase of 22% compared to the ...

New Delhi, April 30, 2024 (TBB Bureau):  REC, a leading government-owned financial institution, announced a robust 34% increase in net profit for the January-March quarter of the fiscal year 2023-24. The company’s net profit soared to Rs 4,016 crore, compared to Rs 3,001 crore during the same period in the previous year. The revenue from operations also witnessed a substantial ...

New Delhi, April 30, 2024 (TBB Bureau): NHPC Limited, India’s foremost entity in hydropower development, has forged a strategic alliance with M/s Ocean Sun, a pioneering Norwegian firm specializing in floating solar technology. Under the Memorandum of Understanding (MoU) inked between the two entities, NHPC and Ocean Sun are set to collaborate on the deployment and demonstration of Ocean Sun’s ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Aryan Agarwal, a student enrolled in the International Baccalaureate Diploma Programme (IBDP) at KiiT International School here, has made a significant mark by participating in The Diamond Challenge Summit held in the USA this month. This summit is renowned as the largest entrepreneurship challenge for high school students globally, drawing participants from various corners ...

Belpahar, April 29, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest producer of aluminium, has embarked on the latest phase of its innovative Project Panchhi initiative at Lakhanpur, Belpahar, in Jharsuguda district. Spearheaded under the visionary guidance of Vedanta Group Chairman, Anil Agarwal, Project Panchhi represents a pioneering corporate endeavor aimed at empowering 1,000 girls from economically marginalized communities across India ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Amidst the approaching peak summer season, Tata Power Central Odisha Distribution Limited (TPCODL) underscores the importance of responsible electricity usage. With heightened power demand looming, TPCODL acknowledges the potential risks of disruptions like fuse blowouts, cable failures, and transformer overloads, which inconvenience consumers across the board. These challenges are exacerbated by unauthorized hooking onto ...

New Delhi, April 29, 2024 (TBB Bureau):  The Union government is set to auction approximately 20 critical mineral blocks in the fourth round of auctions by the end of June, announced Mines Secretary V L Kantha Rao on Monday. Rao mentioned that the auction process for seven critical mineral blocks, initially put up for sale in the first round, is ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Hindalco, a part of the Aditya Birla Group, has initiated the “GYANARJAN Project” in Odisha, operated by Hirakud, to empower students in challenging subjects like science, math, and English. The goal is to prepare them for entrance exams to esteemed professional institutions, enabling access to quality education. In collaboration with ALOK of Burla, the ...

New Delhi, April 29, 2024 (TBB Bureau): The Union Finance Ministry on Monday unveiled plans to issue Government bonds worth Rs 28,000 crore slated for May 3, split into three tranches to be auctioned through a price-based method using the multiple price approach. The initial lot encompasses “7.33 per cent Government Security 2026” valued at Rs 6,000 crore. Following suit, ...

Mumbai, April 29, 2024 (TBB Bureau): Aditya Birla Group company Ultratech Cement Ltd on Monday reported a significant 35 per cent increase in net profit to Rs 2,258.58 crore during the January-March quarter of FY2023-24, attributed to robust demand for building materials and reduced operating costs. This marks a substantial rise from the Rs 1,670 crore net profit reported in ...

IN an age where screens seem to steal the spotlight and technology infiltrates every aspect of our lives, the concept of putting family first might seem like a quaint relic of the past. Yet, amidst the buzz of notifications and the allure of virtual connections, there’s an ever-growing need to rekindle the essence of what truly matters: our families. In ...

New Delhi, April 28, 2024 TBB Bureau):  The Ministry of Mines, in collaboration with the Shakti Sustainable Energy Foundation (Shakti), Council on Energy, Environment and Water (CEEW), and Indian Institute of Sustainable Development (IISD), is gearing up to host the “Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities” from April 29th to April 30th, 2024. The summit, to be held ...

BHUBANESWAR, APRIL 27, 2024 (TBB BUREAU): British automotive brand MG (Morris Garages), renowned for its century-old legacy, continues its steadfast commitment to promoting green mobility in India with the launch of the MG Comet EV and ZS EV in Bhubaneswar. This strategic move marks the culmination of a nationwide tour spanning over 17 states, aimed at advocating electric vehicles (EVs) ...

RANCHI, APRIL 27, 2024 (TBB BUREAU): A delegation from the Central Electricity Regulatory Authority (CERC), led by Chairperson Jishnu Barua, embarked on a comprehensive visit to the Coal Mining Headquarters of NTPC Mining Limited (NML) in Ranchi on Thursday. Hosted by NTPC Director (Fuel) & NML Chairman Shivam Srivastava and accompanied by NTPC Director (Finance) Jaishankar Srinivasan, the CERC team ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU): “Pension Portals of all Pension Disbursing Banks to be integrated in the Integrated Pensioners’ Portal of Department of Pension & Pensioners’ Welfare to ensure Ease of Living of Pensioners” said V Shrinivas, Secretary (P&PW) while addressing the launch ceremony of the Integrated Pensioners’ Portal of Bank of India on Friday. Shrinivas emphasized the ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU):  The Union government has greenlit the export of 99,150 metric tons of onions to six neighboring countries: Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision comes amidst concerns over lower Kharif and Rabi crop yields in 2023-24 compared to previous years and rising international demand. To ensure ample domestic supply, onion ...

NEW DELHI, APRIL 26, 2024 (TBB BUREAU):   The Ministry of Ports, Shipping and Waterways (MoPSW) is actively pursuing the establishment of a dedicated Maritime Development Fund, similar to sectoral financial institutions such as Power Finance Corporation, REC, and IRFC, confirmed a senior ministry official. R Lakshmanan, Joint Secretary of MoPSW, stated that the proposed fund aims to address the unique ...

BHUBANESWAR, APRIL 26, 2024 (TBB BUREAU): In a strategic move to address the escalating power requirements, Tata Power Central Odisha Distribution Limited (TPCODL) has successfully bolstered the capacity of its Sainik School and Infocity 33/11kV substations in the capital city of Odisha. The key enhancement involves the installation of advanced 16MVA power transformers, effectively doubling the previous 8MVA capacity at ...

NEW DELHI, APRIL 25, 2024 (TBB BUREAU):   In a significant milestone for the renewable energy sector, SJVN Ltd has inaugurated India’s first multipurpose Green Hydrogen Pilot Project at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh, announced the Ministry of Power on Thursday. The project will produce Green Hydrogen using a combined heat and power ...

NEW DELHI, APRIL 24, 2024 (TBB BUREAU): Dalmia Bharat Limited, a prominent player in the cement manufacturing sector, has announced its consolidated financial results for the fourth quarter (Q4FY24) and fiscal year (FY24) ending March 31, 2024, showcasing significant growth despite market challenges. The company reported a notable surge in sales volume, with an 18.5 per cent increase year-on-year for ...

BHUBANESWAR, APRIL 24, 2024 (TBB BUREAU): Amid scorching temperatures reaching 43.8 degrees Celsius in Bhubaneswar and several cities in Odisha, the demand for power surges, placing the state on high alert. Despite the extreme conditions, Odisha Discoms’ linemen emerge as unsung heroes, tirelessly working to uphold a consistent electricity supply for the state’s 4.5 crore residents. Over 25,000 linemen from ...

BHUBANESWAR, APRIL 24, 2024 (TBB BUREAU): Khanij Bidesh India Limited (KABIL) on Wednesday formalized a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI) to solidify a lasting partnership in geophysical investigations. This alliance aims to fortify KABIL’s endeavors in critical and strategic mineral projects. The MoU signing ceremony took place ...

NEW DELHI, APRIL 24, 2024 (TBB BUREAU):  In a bid to foster collaboration and innovation within India’s automotive sector, Vedanta Aluminium, the nation’s foremost aluminium producer, orchestrated the ‘AutoEdge 2024’ conclave in New Delhi. The event, which drew participation from top automakers and component manufacturers, served as a platform to showcase Vedanta Aluminium’s diverse range of aluminium products tailored for ...