TBB BUREAU BHUBANESWAR, MAY 8, 2023 Sharbat, the sweet and refreshing drink has the power to bring back memories of childhood. The tradition of having sharbat in summer always strikes nostalgia. In Indian households, making sharbat is a family affair, with everyone pitching in to help prepare the drink. Grandmothers are often the ones who pass down their traditional recipes ...
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Greenply Industries flags off 1st dispatch of its newly launched product ‘Greenply MDF’
TBB BUREAU BHUBANESWAR, MAY 8, 2023 Marking a significant development in the wood panel industry, Greenply Industries, one of India’s largest interior infrastructure brands with over 30 years of experience in manufacturing a comprehensive range of plywood, block boards, decorative veneers, flush doors, and other allied products, has flagged off the first dispatch of its newly launched product ‘Greenply MDF’ ...
Read More »Goyal to participate in 6th India-Canada Ministerial Dialogue on Trade and Investment
TBB BUREAU NEW DELHI, MAY 8, 2023 Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Piyush Goyal along with Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Government of Canada, will co-chair the discussions for the sixth India-Canada Ministerial Dialogue on Trade and Investment (MDTI) today in Ottawa. MDTI ...
Read More »NTPC, CMPDI ink pack for consultancy services in mining operations
TBB BUREAU RANCHI, MAY 6, 2023 Energy giant NTPC Ltd. and Central Mine Planning & Design Institute Limited (CMPDI) on Saturday signed a Memorandum of Understanding (MoU) for consultancy in mining services and training to mining personnel of coal mining projects of NTPC. The MoU was signed by NTPC General Manager (Technical Services) Tarun Kumar Konar and CMPDI Head of ...
Read More »Union Bank of India Q4 net profit up 93pc at Rs 2,782 cr
TBB BUREAU MUMBAI, MAY 6, 2023 Union Bank of India on Saturday reported a 93.27 per cent rise in standalone net profit for the quarter ended March 31, 2023(Q4), amounting to Rs. 2,782 crore compared to Rs. 1,440 crore in the same quarter of the previous fiscal. The net interest income (NII) of the bank for the quarter reached Rs. ...
Read More »Vedanta Aluminium’s ‘Jal Seva Shibir’ helping Jharsuguda people beat the summer heat
TBB BUREAU JHARSUGUDA, MAY 5, 2023 Keeping in view the rising mercury level, Vedanta Aluminium, India’s largest producer of aluminium, has resumed its annual ‘Jal Seva Shibir’ initiative to help local public beat the summer heat. Water kiosks have been set up at Bhurkamunda village, Sarbahal Chowk, Prasanna Panda Chowk, Badheimunda Chowk, Jharsuguda Railway Station and Bus Stand, to provide ...
Read More »How AI is transforming workflows of companies
Jayajit Dash In our ever-evolving technological world, innovation is a constant companion, with each year bringing a new wave of advancements that redefine how we live and work. Among the most significant technological breakthroughs of our time is Artificial Intelligence (AI). This groundbreaking technology has already revolutionized a variety of industries, from healthcare to finance to manufacturing. However, it is ...
Read More »Media and entertainment industry to make a matchless mark in the Amrit Kaal: Piyush Goyal
TBB BUREAU NEW DELHI, MAY 4, 2023 The media and entertainment industry will make a mark that will be matchless in the Amrit Kaal poised to be the defining moments for India, said Union Minister for Commerce and Industry, Textiles and Consumer Affairs, Food and Public Distribution Piyush Goyal. Speaking at the FICCI Frames 2023 on Thursday, the Minister lauded ...
Read More »Shyam Steel organises ‘meet & greet’ session with IPL’s Lucknow SuperGiants for its channel partners
TBB BUREAU BHUBANESWAR, MAY 4, 2023 Shyam Steel, one of the leading producers and manufacturers of primary TMT Bars, hosted a meet and greet session for its channel partners with prominent players of the Lucknow SuperGiants team like Ravi Bishnoi, Kyle Mayers, Krunal Pandya and Avesh Khan. The brand ‘Shyam Steel’ is associated with IPL franchise Lucknow SuperGiants as the ...
Read More »JSL supports Govt’s ‘Nashamukta’ campaign in Odisha
TBB BUREAU BHUBANESWAR, MAY 4, 2023 President of India Droupadi Murmu on Thursday launched a year-long campaign – Addiction Free Odisha (Nashamukta Odisha) at Rairangpur. The campaign will be helmed by the Brahma Kumaris in association with the Government of India. Jindal Stainless has joined this noble cause by becoming a primary sponsor of this initiative. Lauding the efforts of ...
Read More »Prez Murmu lays foundation for L&T Skill Training Hub in Odisha’s Mayurbhanj
TBB BUREAU MUMBAI, MAY 4, 2023 India’s President Droupadi Murmu on Thursday laid the foundation stone for L&T Skill Training Hub at her hometown Pahadpur in Odisha’s Mayurbhanj district in the presence of Odisha Governor Prof. Ganeshi Lal, L&T-funded Prayas Trust president Meena Subrahmanyan and senior officials of L&T and the Odisha-based non-profit SLS Trust. L&T has partnered with SLS ...
Read More »Prez Murmu launches NABARD’s development programmes in Odisha’s Mayurbhanj district
TBB BUREAU BHUBANESWAR, MAY 4, 2023 On her visit to Mayurbhanj district on Thursday, President Drouopadi Murmu took some time off her busy schedule to inaugurate a tribal development project, a livelihood project on mushroom cultivation and a community centre supported by NABARD at Pahadpur village in Mayurbhanj district in the presence of Odisha Governor Prof. Ganeshi Lal, NABARD Chairman ...
Read More »Dalmia Cement launches ‘Dalmia Supreme Cement’
TBB BUREAU BHUBANESWAR, MAY 4, 2023 Dalmia Cement (Bharat) Limited (DCBL) on Thursday announced the launch of its new brand “Dalmia Supreme Cement” which is now available for retail consumers in the markets of West Bengal, Odisha, Bihar and Jharkhand. The premium brand is a high-quality Portland Pozzolana Cement (PPC) product type offering triple benefits of superior strength, faster setting ...
Read More »India operationalizes Sittwe Port in Myanmar
TBB BUREAU NEW DELHI, MAY 4, 2023 In a major step towards strengthening India-Myanmar relations and enhancing trade and commerce, Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur on Thursday flagged off the inaugural cargo ship from Syama Prasad Mookerjee Port in Kolkata to the Sittwe Port in Myanmar. The port in Rakhine state of Myanmar has ...
Read More »Replenishing structures gaining currency in securitisation: CRISIL
TBB BUREAU MUMBAI, MAY 4, 2023 India’s securitisation market grew 33% on-year in fiscal 2023, with issuances totalling Rs 1.8 lakh crore, marking a whopping 50% growth over fiscal 2022, says a CRISIL Report. The originator base expanded by 20%, and newer asset classes such as personal loans, and small and medium enterprises loans gained momentum. More heartening has been ...
Read More »Meghalaya’s relentless efforts for scientific mining see light
TBB BUREAU SHILLONG, MAY 3, 2023 With the previous approval of the Central Government for grant of mining lease to 4 applicants, Meghalaya is going to witness transformation in the mining sector. In April 2014, National Green Tribunal (NGT) had imposed a blanket ban on coal mining and transportation in the state of Meghalaya. With this ruling, the mining industry ...
Read More »ESG: The driving force behind sustainable business practices
TBB BUREAU BHUBANESWAR, MAY 3, 2023 As the world becomes increasingly aware of the impact of climate change and environmental degradation, more and more companies are committing to ESG (Environmental, Social, and Governance) principles. These principles encompass a wide range of issues, including climate action, affordable and clean energy, responsible consumption and production, sustainable cities and communities, industry innovation and ...
Read More »On World Day for Safety & Health at Work, Vedanta Aluminium inaugurates Fire Safety Park
Undertakes initiatives to sensitize local communities and bolster employee safety TBB BUREAU NEW DELHI, MAY 2, 2023 On the occasion of World Day for Safety and Health at Work, Vedanta Aluminium inaugurated a Fire Safety Training Park at its plant in Jharsuguda, one of the largest aluminium smelters in the world. The park will help the company’s Industrial & Fire ...
Read More »Vedanta Sesa Goa’s Iron Ore Odisha donates water purifiers to schools & anganwadis in Sundargarh
TBB BUREAU BHUBANESWAR, MAY 2, 2023 Vedanta Sesa Goa’s Iron Ore Odisha (IOO) is taking strides towards the development of communities through their structured CSR interventions in and around the Nadidihi region of Sundargarh district. Under the banner of Project Nirmal, the company recently donated RO water purifiers to three schools and three Anganwadis from the periphery which will benefit ...
Read More »Daily toll collection through FASTag reaches record high of over Rs. 193 Cr
TBB BUREAU NEW DELHI, MAY 2, 2023 The implementation of the FASTag system for toll collection in India has been a resounding success, with a consistent growth trajectory. On April 29, 2023, the daily toll collection through FASTag system achieved a historic milestone, reaching an all-time high collection of Rs. 193.15 crore, with 1.16 crore transactions recorded in a single ...
Read More »Honda Cars records 33pc Y-o-Y dip in domestic sales in April 2023
TBB BUREAU NEW DELHI, MAY 1, 2023 Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, recorded a 33 per cent year-on-year (Y-o-Y) decline in domestic sales at 5,313 units in April 2023. The exports for the month stood at 2,363 units. HCIL had registered 7,874 units in domestic sales and exported 2,042 units in April 2022. ...
Read More »FFOI President Naveen Jindal hoists 108-ft monumental Indian Tricolour at AFMC Pune
TBB BUREAU PUNE, MAY 1, 2023 The Flag Foundation of India (FFOI) continues its mission to promote the display of the Indian National Flag with pride and honour, and to raise awareness about its significance. On the Platinum Jubilee Celebration of the Armed Forces Medical College (AFMC), Pune, the FFOI dedicated another Monumental Flag, which was dedicated to the nation ...
Read More »Suzuki Motorcycle India sells 88731 units in April 2023, records 23pc Y-o-Y growth
TBB BUREAU NEW DELHI, MAY 1, 2023 Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, registered an overall sales figure of 88,731 units in the month of April 2023, registering 23.3 per cent year-on-year (Y-o-Y) growth as compared to the same month in the previous year. The company sold 67,259 units in the domestic market ...
Read More »NITI Aayog releases compendium on Best Practices in Social Sector 2023
TBB BUREAU NEW DELHI, MAY 1, 2023 NITI Aayog in collaboration with the United Nations Development Programme on Monday released the “Best Practices in Social Sector: A Compendium, 2023”. NITI Aayog Vice Chairman Suman Bery launched the compendium in the presence of Members Dr. V K Saraswat, Dr V K Paul and Dr. Arvind Virmani and CEO, NITI Aayog BVR ...
Read More »NTPC, NPCIL ink pact for joint development of nuclear power plants
TBB BUREAU NEW DELHI, MAY 1, 2023 NTPC Ltd. signed a Supplementary Joint Venture Agreement with Nuclear Power Corporation of India Ltd. (NPCIL) in New Delhi on Monday for development of nuclear power projects. The agreement was signed by Ujjwal Kanti Bhattacharya, Director Projects, NTPC Ltd. and Ranjay Sharan, Director Projects, NPCIL in the presence of RK Singh, Minister of ...
Read More »India’s domestic coal production rises 8.67pc to 73 MT in April 2023
TBB BUREAU NEW DLHI, MAY 1, 2023 India’s domestic coal production touched a new high of 73.02 million tonnes (MT) in April 2023, registering a growth of 8.67 per cent as compared to 67.20 million tonnes output recorded during the corresponding period in the previous year. Coal India Ltd (CIL) reported production of 57.57 million tonnes in April 2023 as ...
Read More »GST collections for April 2023 highest ever at Rs 1,87,035 cr
TBB BUREAU NEW DELHI, MAY 1, 2023 The gross GST revenue for April 2023 stood at Rs 1,87,035 crore, which was 16.8 per cent more than Rs 1,60,122 crore of gross GST collected for March 2023. The gross GST collection in April 2023 is also an all-time high and is Rs 19,495 crore more than the previous highest collection of ...
Read More »TPCODL replaces cables at Palla village for quality power supply
TBB BUREAU BHUBANESWAR, MAY 1, 2023 Tata Power Central Odisha Distribution Limited (TPCODL) is building a robust network of transformers, substations and grids to ensure efficient power supply across its area of operation to effectively manage unprecedented load during this summer season. To improve voltage and ensure reliable power supply to the consumers during summer, Team TPCODL has replaced old ...
Read More »As layoffs intensify, Vedanta Chairman advises companies to take care of their employees
TBB BUREAU BHUBANESWAR, MAY 1, 2023 As the onslaught of cutbacks – especially in tech sector – continued unabated worldwide, Vedanta Group Chairman Anil Agarwal on Monday said companies should take care of their employees in tough and uncertain times. Sharing his views on LinkedIn, Agarwal wrote: “If there is one advice I could give to our young people in ...
Read More »Aakash BYJU’S student Priyanka Sar emerges Odisha topper in JEE Mains 2023
TBB BURREAU BHUBANESWAR, APR 30, 2023 Priyanka Sar, a student of Aakash BYJU’S from Bhubaneswar topped the State by securing an overall 99.98 percentile and secured AIR 243 in the Joint Entrance Examination (JEE) Mains 2023 much to the elation of her parents, and the mentors of the institute. The results were announced by the National Testing yesterday. Total 34 ...
Read More »Automobile dealers core members of economic ecosystem of the nation: Odisha Governor Prof. Lal
TBB BUREAU BHUBANESWAR, APR 29, 2023 Acknowledging the significant contribution made by the automobile dealers’ community to Odisha’s development, Governor Professor Ganeshi Lal said, “The automobile dealer industry is a dynamic industry, and has been one of the core members of the economic ecosystem of the nation. The dealers are an important pillar of this mechanism.” Inaugurating Vyapar Odisha meet, ...
Read More »TPCODL concludes Consumer Awareness Month with focus on customer convenience & better experience
TBB BUREAU BHUBANESWAR, APR 29, 2023 Tata Power Central Odisha Distribution Limited (TPCODL) successfully concluded its month-long consumer awareness programme ‘Apananka Mitra, Apananka Sathire’ on Saturday. The initiative, which was launched on the occasion of Utkal Divas, aimed to educate consumers about various consumer-friendly initiatives and facilities introduced by the company to improve power distribution services in its licensed area ...
Read More »Rajneesh Karnatak appointed as BoI MD, Debadatta Chand BoB chief
TBB BUREAU NEW DELHI, APR 29, 2023 The government on Saturday appointed Rajneesh Karnatak as the Managing Director of Bank of India (BoI) and Debadatta Chand as the head of Bank of Baroda (BoB). Karnatak, presently working as the Executive Director of Union Bank of India, has been appointed as the Managing Director & CEO of Bank of India for ...
Read More »CSM Tech inks multi-million dollar deal for Gabon timber traceability solution
TBB BUREAU GABON (AFRICA)/BHUBANESWAR, APR 29, 2023 CSM Tech, an Indian IT consulting company with an active business footprint in Africa, has signed a multi-million dollar contract with the Ministry of Economy and Recovery in Gabon, for implementation of a timber traceability solution and an electronic timber trade platform for the Ministry. The agreement was signed by Nicole Jeanine Lydie ...
Read More »RSP’s SMS-II sets new record in casting longest sequence of heats
TBB BUREAU ROURKELA, APR 29, 2023 The Continuous Casting Machine-2 (CCM-2) belonging to the Steel Melting Shop-2 (SMS-2) Department of Rourkela Steel Plant (RSP) has set a fresh record in casting the longest ever sequence of heats. The unit registered an all time best castings of 222 heats during the record sequence. Notably, it’s also the best sequence performance ...
Read More »JSP chief and former MP Naveen Jindal offers floral tributes to Parkash Singh Badal
TBB BUREAU CHANDIGARH, APR 29, 2023 Former MP from Kurukshetra, Naveen Jindal, today paid floral tributes to former chief minister of Punjab, Late Sardar Parkash Singh Badal, at his residence in village Badal of Bathinda district in Punjab. “Sardar Parkash Singh Badal Ji was a great leader, son of the soil and one of the most charismatic leaders of masses, ...
Read More »SBI Card reports marginal rise in Q4 net profit to Rs 596 cr
TBB BUREAU NEW DELHI, APR 28, 2023 SBI Cards and Payment Services Ltd (SBI Card) on Friday reported a marginal increase in its net profit to Rs 596 crore in the quarter ended March 2023 as against a net profit of Rs 581 crore reported in the same quarter of the previous fiscal. The company’s total income during the January-March ...
Read More »TPCODL upgrades transformer in Kakatpur-I Section for consumers’ benefit
TBB BUREAU BHUBANESWAR, APR 28, 2023 At a time when a section of media circulating biased reports on energy distribution company Tata Power Central Odisha Distribution Limited (TPCODL)’s alleged careless attitude towards consumers’ grievances, the discom has been working day and night to provide quality electricity to its consumers even in remote areas under its jurisdiction. TPCODL is building a ...
Read More »Ageas Federal Life Insurance net profit up 21pc in FY23 at Rs 114 crore
TBB BUREAU MUMBAI, APR 28, 2023 Ageas Federal Life Insurance, one of India’s leading private life insurance companies, on Friday announced its financial results for the 12-month period ending March 31, 2023, reporting a net profit of Rs 114 crore. Ageas Federal’s total premium rose by 4 per cent to Rs 2,289 crore in FY 2022-23 from Rs 2,207 crore ...
Read More »Indian Maritime sector leapfrogs to compete with the best in world
TBB BUREAU NEW DELHI, APR 28, 2023 Average Container dwell time for India, as per World Bank’s Logistics Performance Index (I-PI) Report — 2023, has achieved a level of 3 days only as compared to 4 days for countries like UAE and South Africa, 7 days for USA and 10 days for Germany. The investment made by the country in ...
Read More »ICSI Bhubaneswar Chapter observes Capital Markets Week-2023
TBB BUREAU BHUBANESWAR, APR 28, 2023 The Bhubaneswar Chapter of The Institute of Company Secretaries of India (ICSI) organised ICSI Capital Market Week-2023 on the theme “Learnings from G20: Journey towards sustainable, competitive and holistic capital markets”, here on Thursday. Speaking on the occasion, former CGM of Securities and Exchange Board of India (SEBI), Prof. Sarat Kumar Malik said that ...
Read More »Major ports in country achieve record-breaking milestones in FY23
TBB BUREAU NEW DELHI, APR 28, 2023 India’s major ports reached unprecedented heights, setting new records across various key performance indicators in the financial year 2022-23, said Union Minister for Ports, Shipping & Waterways, Sarbananda Sonowal. Speaking at the 2nd edition of FICCI’s Port Infrastructure Conclave in New Delhi today, Sonowal noted that major ports collectively handled a record-breaking 795 ...
Read More »Vedanta Aluminium gets ASI Performance Standard V2 Certification
TBB BUREAU NEW DELHI, APR 27, 2023 Vedanta Aluminium, the largest producer of primary aluminium in India, has achieved ASI Performance Standard V2 (2017) Certification at its SEZ Smelter for manufacturing and supply of all primary aluminium product in the form of billets, wire rod, primary foundry alloys (PFA), ingot and sow ingot, as well as its ‘Restora’ brand of ...
Read More »Tata Steel signs business cooperation agreement with A&B Global Mining
TBB BUREAU JAMSHEDPUR, APR 27, 2023 Tata Steel has signed a business cooperation agreement with A&B Global Mining Pvt. Ltd. (ABGM) to harness new business development opportunities and deliver mine technical services in areas such as exploration, resource evaluation, mine planning & scheduling, due-diligence, investment thesis, digitalization, clean/hybrid energy solutions, doing pre-feasibility, bankable feasibility studies, owners engineering and project management. ...
Read More »Making steel using hydrogen energy is the future of steel industry: JSP MD Bimlendra Jha
TBB BUREAU BHUBANESWAR, APR 26, 2023 “Making steel with the use of hydrogen energy is the future of steel industry,” said Bimlendra Jha, Managing Director of Jindal Steel & Power (JSP) while addressing the symposium on “Future of Steel Making in India and Contribution of Odisha and its MSMEs as its Downstream and Ancillary”, organised by the Utkal Chamber of ...
Read More »Vedanta Aluminium’s all-women firefighting team, ‘Agnivahini’ is now 100 member-strong
TBB BUREAU NEW DELHI, APR 26, 2023 In the leadup to World Day for Safety and Health at Work, Vedanta Aluminium announced that its Agnivahini firefighting team — a unique squad of women employees trained extensively in the complex yet crucial skill of firefighting — is now 100 members strong. Working with the fire safety team, the squad will reinforce ...
Read More »RSP’s Barsua & Taldih Iron Mines receive SA8000:2014 certification
TBB BUREAU ROURKELA, APR 26, 2023 Barsua and Taldih Iron Mines belonging to Odisha Group of Mines (OGM) of SAIL-run Rourkela Steel Plant (RSP) have been certified with SA8000:2014, an international standard for social accountability. The certification has been awarded for open cast mining and processing and dispatch of lumps and fines. It is noteworthy that SA8000 is the world’s ...
Read More »Farewell to final year students of Dalmia Vidya Mandir
TBB BUREAU RAJGANGPUR, APR 26, 2023 A farewell meeting was held recently to mark the completion of the schooling of Class XII students of Dalmia Vidya Mandir in Rajgangpur. Class-XI students organized the event under the direct supervision of the Principal and teachers of the school and felicitated Class-XII students with bouquets of flowers and souvenirs while wishing them a ...
Read More »Dalmia Bharat Q4FY23 net profit at Rs 609 cr, revenue Rs 3,912 cr
TBB BUREAU NEW DELHI, APR 25, 2023 One of India’s pioneering cement companies Dalmia Bharat Ltd on Tuesday reported a two-fold increase in its consolidated net profit at Rs 609 crore in the fourth quarter of the financial year 2022-23. The company had posted a net profit of Rs 271 crore during the January-March quarter a year ago, Dalmia Bharat ...
Read More »Vedanta Lanjigarh’s Project Utthan boosts employment opportunities in Kalahandi and Rayagada
TBB BUREAU LANJIGARH, APR 25, 2023 Run by Vedanta Limited, Lanjigarh, India’s premier producer of metallurgical grade alumina, Project Utthan has been working towards creating employment opportunities for the youth of Kalahandi and Rayagada, with a focus on those who have completed their graduate-level studies. The company has recently hired 73 youths from Kalahandi and Rayagada districts in various roles ...
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