TBB BUREAU BHUBANESWAR, AUG 10, 2023 India’s second-largest private sector lender ICICI Bank on Thursday opened a new branch at Raghunathpur here, taking the branch count in the Capital City of Odisha to 28. Additional Director General of Police (CID) and Capital Region Urban Transport Managing Director Arun Bothra inaugurated the branch. Housed at BR Complex, the branch has a ...

TBB BUREAU ROURKELA, AUG 10, 2023 In a significant move to reinforce its position as a key player in the steel industry, SAIL-run Rourkela Steel Plant (RSP) on Thursday announced its intention to expand its production capacity by an impressive 1.5 to 2.5 million tonnes per annum (MTPA) of crude steel. This expansion will be achieved through the widely recognized ...

TBB BUREAU NEW DELHI, AUG 10, 2023 Observing World Breastfeeding Week, Vedanta Aluminium, the largest aluminium producer in India, has undertaken comprehensive endeavours to promote and support breastfeeding among rural communities in the vicinity of its operations in Odisha and Chhattisgarh. Focused on remote locations that have limited access to quality healthcare and often rely on unscientific myths for medical ...

TBB BUREAU RAJGANGPUR, AUG 10, 2023 Dalmia Cement Bharat Ltd (DCBL), India’s leading cement manufacturing company has taken a significant step towards promoting agricultural sustainability and enhancing food security in Odisha, through the launch of project ‘Annadata’. With the primary focus on promoting Paddy and Ragi cultivation, project Annadata aims to empower farmers through sustainable agricultural practices. With the year ...

TBB BUREAU PARADIP, AUG 10, 2023 Paradip Port added one more feather to its illustrious cap as it achieved a major milestone by clocking record cargo throughput of 50.16 MMT Cargo on Tuesday (August 8, 2023), by registering 6.5 per cent growth over the corresponding period of the previous fiscal. This feat has been achieved by the Port in 129 ...

TBB BUREAU NEW DELHI, AUG 10, 2023 SBI Card, India’s largest pure-play credit card issuer, and National Payments Corporation of India (NPCI) have announced the linking of SBI credit cards on RuPay platform with UPI. Starting Thursday, SBI Card customers will be able to make UPI transactions through their credit cards issued on RuPay. The functionality can be availed through ...

TBB BUREAU BHUBANESWAR, AUG 10, 2023 Aditya Birla Group flagship Hindalco Industries, and Texmaco Rail & Engineering on Thursday entered into a strategic alliance and announced a Rs 200 crore investment to develop and manufacture world-class aluminium rail wagons and coaches that will help Indian Railways achieve its emission goals and bolster operating efficiency, Hindalco said in  a statement. Indian ...

TBB BUREAU MUMBAI, AUG 9, 2023 Union Bank of India (UBI), has given to the Government a dividend cheque of Rs.1,712 crore for the financial year 2022-23 (FY23). This is the highest dividend the Union Bank of India has given in any financial year. Union Bank of India Managing Director & CEO A. Manimekhalai handed over the dividend cheque to ...

TBB BUREAU NEW DELHI, AUG 8, 2023 The Competition Commission of India (CCI) CCI approves merger of Tata Cleantech Capital Limited (TCCL) and Tata Capital Financial Services Limited (TCFSL) into Tata Capital Limited (TCL). The proposed combination is a merger of TCFSL and TCCL into TCL. TCL is registered with the Reserve Bank of India (RBI) as a Systematically Important ...

TBB BUREAU NEW DELHI, AUG 8, 2023 State-owned Coal India Ltd (CIL) on Tuesday posted a consolidated net profit to Rs 7,941.40 crore for the quarter ended on June 30, 2023 (Q1FY24), a 10.1 per cent fall from the corresponding period of the previous fiscal. CIL had registered a net profit of Rs 8,834.22 crore in the April-June period of ...

TBB BUREAU JHARSUGUDA, AUG 8, 2023 Vedanta Aluminium, in association with the Directorate of Factories and Boilers of the Odisha Government, recently conducted an on-site mock drill to counter transformer fires, at its aluminium smelter in Jharsuguda. This milestone event marked the first-of-its-kind drill conducted within a transformer area among all industries in Jharsuguda, a strong testament of Vedanta Aluminium’s ...

TBB BUREAU RANCHI, AUG 8, 2023 NTPC Renewable Energy Limited has emerged as the successful bidder for 80 MW Floating Solar capacity at Omkareshwar Reservoir, Khandwa in Madhya Pradesh. The bidding was conducted on Tuesday by Rewa Ultra Mega Solar Limited (RUMSL), the JV Company of Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam Ltd. The discovered ...

TBB BUREAU JODA/BARBIL, AUG 8, 2023 Jindal Steel & Power (JSP) celebrated the 93rd birth anniversary of its founder OP Jindal, on Monday. The day was marked by a series of spiritual, cultural and sporting events at the company’s Barbil Pellet Plant, Tensa and Kasia Iron Mines. At the Barbil Pellet Plant, floral tributes were paid to OP Jindal at ...

TBB BUREAU AHMEDABAD, AUG 8, 2023 Riding on higher income from operations, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday posted over 80 per cent rise in its consolidated net profit to Rs 2,119.38 crore in the April-June quarter of the current financial year (Q1FY24) as against net profit of Rs 1,177.46 crore in the corresponding period in ...

Gone are the days when mutual fund units were exclusively held in folio form. Over a decade ago, in 2011, SEBI directed mutual fund houses to give investors the option to hold their units under open-ended schemes in their demat account, to enable them to better manage their portfolios. Since then, a growing number of investors are choosing to leverage ...

TBB BUREAU NEW DELHI, AUG 8, 2023 Coal/Lignite PSUs under the Ministry of Coal have not only enhanced their production level over the years to meet the rising energy demand of the country, but have also shown matching sensitivity and care towards native environment by adopting various mitigation measures, including reclamation of mined out areas and extensive plantation in and ...

TBB BUREAU NEW DELHI, AUG 8, 2023 The Union Steel Ministry has constituted 13 Task Forces with the engagement of industry, academia, think tanks, S&T bodies, different Ministries and other stakeholders to discuss, deliberate and recommend upon decarbonisation of the steel sector. The Task Force on Skill Development is constituted to carry out discussions on skilling, up-skilling and re-skilling of ...

TBB BUREAU NEW DELHI, AUG 8, 2023 In a major boost to fruits exports prospects, Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh pomegranate to the USA through air route. The first export consignment of pomegranate to ...

TBB BUREAU MUMBAI, AUG 8, 2023 Owing to strong demand from the infrastructure, real estate, irrigation, and water supply and sanitation (WSS) sectors, revenue of electric resistance welded (ERW) steel pipes manufacturers is expected to grow 10-12 per cent in the current financial year (FY24), a CRISIL report said on Tuesday. The industry had logged 16-18 per cent growth last ...

TBB BUREAU MUMBAI, AUG 7, 2023 Union Bank of India MD & CEO A. Manimekhalai on Monday virtually inaugurated the launch of 200 Micro Processing Centres (MPCs) pan India which will facilitate sourcing, sanction and disbursement of Micro Credit Applications with the help of Business correspondence. The main agenda is to meet the growing demand in microcredit proposals, including various ...

TBB BUREAU NEW DELHI, AUG 7, 2023 In a one-of-its-kind inclusive step within the domestic manufacturing sector, Vedanta Aluminium, India’s largest producer of aluminium, has introduced a ground-breaking ‘Gender Reaffirmation Leaves and Compensation Policy’ for LGBTQ+ employees employed at its operations. The policy extends to staff members at all its locations, including its mega aluminium smelter at Jharsuguda and world-class ...

TBB BUREAU BHUBANESWAR, AUG 7, 2023 Jindal Steel & Power (JSP) on Monday observed the 93rd birth anniversary of its founder Om Prakash Jindal, popularly known as  Bauji,  at its Angul plant and surrounding geography  conducting  several  participatory community friendly programmes. Early in the morning, Angul Location Head and Executive Director In-Charge, Hridayeshwar Jha, and Executive Director, Damodar Mittal, led ...

TBB BUREAU MUMBAI, AUG 07, 2023 India’s top commercial electric vehicle manufacturer Altigreen has partnered with Axis Bank, one of the largest private sector banks in India, to provide customized retail financing alternatives to its customers. This partnership is aligned to streamline and simplify the purchasing process and empower customers in their transition to electric mobility. Axis Bank’s extensive range ...

TBB BUREAU CHENNAI, AUG 7, 2023 iOPEX Technologies, a global leader in digital transformation and technology services has launched iOPEX.AI, an advanced enterprise AI framework that enables businesses to re-invent themselves. The framework with five stages – discover, evolve, leverage, transform and accelerate – will enable businesses to deliver transformative solutions. Sharing details about the new offering, iOPEX Technologies CEO ...

TBB BUREAU BHUBANESWAR, AUG 7, 2023 Bandhan Bank on Monday announced its tie-up with the Odisha Government to help strengthen payment solutions for Odisha Tourism Development Corporation (OTDC) Ltd. The Bank has provided Point of Sale (PoS) machines to facilitate card payments by tourists. Prime locations including Puri, Bhubaneswar, Konark, Chilika and Gopalpur will be covered under this tie-up, the ...

TBB BUREAU MUMBAI, AUG 7, 2023 Transforming the landscape of banking services, AU Small Finance Bank has achieved an unprecedented feat with the launch of its groundbreaking customer service 24×7 via Video Banking. A trailblazer in the financial sector, AU Small Finance Bank proudly becomes the pioneer in India to introduce tailor-made video assisted branch-like experience, delivering a seamless banking ...

TBB BUREAU BHUBANESWAR, AUG 7, 2023 Handlooms occupy a major share in supporting large number of livelihoods in the rural economy. To upkeep the tradition, integrate the weavers and provide training, design development, credit, etc, National Bank for Agriculture and Rural Development (NABARD) has been supporting for setting up of Off Farm Producer Organisations (OFPOs) across the country. Odisha has ...

TBB BUREAU BHUBANESWAR, AUG 5, 2023 To mark the International Day of the Girl Child on October 11, the British High Commission is offering young Indian women a chance to spend a day as one of the UK’s top diplomats. The annual ‘High Commissioner for a Day’ competition, with focus on Sustainable Development Goals, will provide an opportunity to Indian ...

TBB BUREAU MUMBAI, AUG 3, 2023 LIC Housing Finance on Thursday reported a 43 per cent rise in net profit at Rs 1,324 crore in the April-June quarter (Q1) of the current financial year (FY24). The housing finance subsidiary of LIC had posted a net profit of Rs 925 crore in the year-ago period. The total income in the first ...

TBB BUREAU ROURKELA, AUG 3, 2023 Riding on the best-ever monthly steel production in July this year, SAIL-run Rourkela Steel Plant (RSP) recorded its best ever April-July production performance in key areas in the current financial year (FY24). During April-July 2023 RSP  produced 1503879 tonnes of hot metal, 1373483 tonnes of crude steel and 1381750 tonnes of saleable steel, thereby ...

TBB BUREAU BERHAMPUR, AUG 3, 2023 Taking another major step towards operational excellence, Tata Power Southern Odisha Distribution Limited (TPSODL) has set up SCADA-enabled Area Power System Control Center (APSCC) in Phulbani. Equipped with advanced technology to enable remote operation and monitoring of the 33/11KV PSS (Power Substation), the APSCC which commenced operations on Thursday, was inaugurated by TPSODL CEO ...

TBB BUREAU JAJPUR, AUG 3, 2023 As part of its CSR initiatives, Tata Power Northern Odisha Distribution Limited (TPNODL) has opened its third cutting-edge Vocational Training Center (VTC) at Kapasi in Jajpur on Thursday to empower local youth. The inauguration ceremony was graced by Bari MLA Sunanda Das, TPNODL CEO Bhaskar Sarkar, Chief Commercial & CSR Officer Dushyant Kumar Tyagi, ...

TBB BUREAU RANCHI, AUG 3, 2023 NTPC Mining Limited (NML), a wholly-owned subsidiary of NTPC Limited, India’s largest integrated power company, won the bid for North Dadu (East) coal block in the recently concluded coal block auction conducted by the Ministry of Coal. After rigorous efforts and strategic planning, NML has secured the rights to develop and extract coal from ...

TBB BUREAU NEW DELHI, AUG 3, 2023 The Rajya Sabha on Thursday passed the Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023 which seeks to make amendments to the Offshore Areas Mineral (Development and Regulation) Act, 2002 (‘OAMDR Act’). The Bill was passed by Lok Sabha on 01.08.2023. The Bill will now be sent to the President of India ...

TBB BUREAU NEW DELHI, AUG 3, 2023 Union Minister of Steel and Civil Aviation Jyotiraditya M. Scindia on Thursday unveiled the new logo of NMDC here in the presence of Union Steel Secretary Nagendra Nath Sinha, NMDC CMD Amitava Mukherjee and other officials of Ministry of Steel and NMDC. Congratulating Team NMDC on their dynamic new logo, the Minister said ...

TBB BUREAU NEW DELHI, AUG 3, 2023 India’s No. 1 tractor export brand, Sonalika Tractors has been consistently assuring a progressive future for all farmers with its heavy duty tractors and marching ahead in the financial year 2023-24. The company has recorded an overall sales of 10,683 tractors in July’23 which includes 14% domestic growth and has beaten industry growth ...

TBB BUREAU NEW DELHI, AUG 3, 2023 Dalmia Bharat Limited (DBL), a leading Indian cement major under its wholly owned subsidiary Dalmia Bharat Green Vision Limited (DBGVL) on Thursday announced the commencement of commercial production at its new Greenfield Cement Grinding unit at Sattur in Tamil Nadu. This new unit adds 2 million tons of cement capacity to the company’s ...

TBB BUREAU JHARSUGUDA, AUG 2, 2023 Vedanta Aluminium has partnered with the renowned Entrepreneurship Development Institute of India (EDII) to introduce a broom-making initiative as a part of the several entrepreneurship development opportunities offered under Project Subhalaxmi Udyogini, the second phase of Subhalaxmi Cooperative, one of India’s largest rural women’s cooperatives supported by Vedanta Aluminium. The enterprise was inaugurated at ...

TBB BUREAU BHUBANESWAR, AUG 2, 2023 Continuing its march as the most preferred digital service provider in Odisha, Reliance Jio further consolidated its No. 1 position in Odisha, adding highest new subscribers in the month of May 2023, as per the latest telecom subscriber data released by Telecom Regulatory Authority of India (TRAI). As per the telecom subscriber data, released ...

TBB BUREAU ANGUL, AUG 2, 2023 JSP Foundation, the Corporate Social Responsibility arm of Naveen Jindal-led Jindal Steel & Power (JSP), took a significant step towards eradicating filaria in the vicinity by flagging off a tableau. The program aimed to raise awareness among villagers about the importance of consuming Diethylcarbamazine (DEC) combined with Albendazole (ABZ) and Ivermectin. The campaign was ...

When was the last time you read about a massive data breach in India? Some of you may feel reminiscent of the Air India data leak incident. It happened in February 2021. Hackers broke into Air India’s database to steal the personal information of 4.5 million Air India customers. The hackers obtained sensitive information to access passengers’ GST invoices and ...

TBB BUREAU BHUBANESWAR, AUG 02, 2023 Highlighting the concerns over corrosion and its impact on infrastructure and public safety, the experts on Wednesday stressed on the need for a thorough corrosion protection mechanism that will not only ensure infrastructure longevity but also minimize economic and environmental damages. During a knowledge dissemination session on ‘Cutting the Cost of Corrosion on Infrastructure’ ...

TBB BUREAU BHUBANESWAR, JULY 31, 2023 In its bid to offer quality healthcare services to rural poor people, Centurion University on Monday signed a memorandum of understanding (MoU) with GAIL India to set up tele-health kiosks in all 7 rural campuses of the University in Odisha and Andhra Pradesh Poor people in rural areas who are deprived of healthcare services, ...

TBB BUREAU NEW DELHI, JULY 31, 2023 Observing World Nature Conservation Day on July 28, Vedanta Aluminium, the largest aluminium producer in India, commenced extensive afforestation efforts, based on the unique Miyawaki method, for the first time ever in the vicinity of its Jamkhani coal mines at Sundargarh district in Odisha. Following this up on International Tiger Day on July ...

TBB BUREAU BHUBANESWAR, JULY 29, 2023 In a significant effort to encourage the involvement of Odisha-based micro and small industries in government procurement, the GeM Conclave was successfully organized in Bhubaneswar on Saturday. A momentous step towards fostering an enabling environment for domestic businesses and promoting entrepreneurship in Odisha was taken when the Secretary of Utkal Chamber of Commerce, representatives ...

TBB BUREAU BHUBANESWAR, JULY 29, 2023 Steel behemoth Tata Steel paid rich tribute to the visionary leader and its former Chairman Bharat Ratna JRD Tata on his 119th birth anniversary across its operating locations in Odisha on Saturday. Employees, their family members, and vendor partners of Tata Steel and its group companies paid floral tribute to the visionary leader at ...

TBB BUREAU JHARSUGUDA, JULY 29, 2023 Vedanta Aluminium, India’s largest producer of aluminium, has undertaken comprehensive efforts to help the residents of Jharsuguda district boost their preparedness for the onset of the monsoon season. In particular, the company has implemented a series of proactive initiatives to address the water and health needs of the community during this season. To mitigate ...

TBB BUREAU NEW DELHI, JULY 28, 2023 As Aluminium is the second most important metal in the world today and its production is a continuous process that relies on a non-stop supply of high-quality power, Vedanta Aluminium’s 5,500 thermal engineers and technical staff, who together comprise one of the largest pools of thermal power professionals in the country, ensure that ...

TBB BUREAU NEW DELHI, JULY 28, 2023 Dalmia Bharat Foundation (DBF), the corporate social responsibility arm of Dalmia Bharat Ltd. (DBL), a leading cement, and sugar company, has partnered with Jubilant Bhartia Foundation, the CSR arm of Jubilant Bhartia Group, a renowned conglomerate with diverse business interests spanning food services, pharmaceuticals, life sciences, etc. to train rural youth in Quick ...

TBB BUREAU KOLKATA, JULY 28, 2023 Tata Steel has adopted various “industry first” initiatives in sustainability. Reiterating its commitment to a sustainable future, Tata Steel becomes the first Indian company to import cargo on bulk carrier that uses LNG as fuel instead of traditional VLSFO (Very Low Sulphur Fuel Oil). This groundbreaking vessel sets a new benchmark for sustainable shipping ...