TBB BUREAU ROURKELA, AUGUST 6, 2022 SAIL-run Rourkela Steel Plant (RSP) recorded its best ever April-July production performance in key areas in the current financial year (FY23). During April-July, 2022 the plant produced 14,35,466 tonnes of hot metal, 13,29,388 tonnes of crude steel and 12,24,323 tonnes of saleable steel, thereby scripting its best ever performance in these three vital areas ...

TBB BUREAU NEW DELHI, AUGUST 6, 2022 To facilitate the sales and distribution of National Flags under Har Ghar Tiranga Campaign, all Post Offices will function on holidays, falling before Independence Day 2022. All delivery Post Offices and other important post offices, across the country will be functional to the extent for supporting this public campaign. Special arrangements will be ...

TBB BUREAU BHUBANESWAR, AUGUST 6, 2022 The growth of native Self-Help Groups is crucial to the nation’s development and women empowerment, said Odisha’s Energy Minister Pratap Keshari Deb while speaking to Abha Shakti members (women self-help groups) at a programme organised by Tata Power Central Odisha Distribution Ltd. (TPCODL) here on the eve of National Handloom Day. The event was ...

TBB BUREAU NEW DELHI, AUGUST 6, 2022 Continuing with the trend from the previous year, the exports of agricultural and processed food products rose by 31 percent in the first three months of the current Financial Year 2022-23 (April-June) in comparison to the corresponding period of FY 2021-22. According to the provisional data released by the Directorate General of Commercial ...

TBB BUREAU NEW YORK/MUMBAI, AUGUST 4, 2022 Tata Consultancy Services (TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix for Sustainability Enablement Technology Services. TCS has well-rounded offerings across the sustainability services value chain, and a strategic focus on net zero emissions, energy management, and digital accessibility. Cited as strengths were its investments in comprehensive proprietary solutions ...

TBB BUREAU BHUBANESWAR, AUGUST 4, 2022 Odisha Mineral Exploration Corporation Ltd. (OMECL) on Thursday signed an agreement with consortium of MSA, South Africa and IDPeX (India) to optimise the exploration of mineral deposits resulting in inventory of auctionable blocks of different minerals in Odisha. The agreement was signed by Director (Geology), OMECL SK Sinha, MSA MD Dr. Ian Haddon and ...

TBB BUREAU NEW DELHI, AUGUST 4, 2022 Dalmia Bharat Limited, a leading cement manufacturing company, on Thursday reported a 26.78 per cent decline in its consolidated net profit to Rs 205 crore for the first quarter (Q1) ended June 30, 2022. The company had posted a net profit of Rs 280 crore during the corresponding period in the previous fiscal ...

TBB BUREAU MUMBAI, AUGUST 4, 2022 Reliance Brands Ltd (RBL) on Thursday said it has entered into a long term franchise agreement with hottest global luxury brand Balenciaga to bring the best of global couture to the Indian market. With this long-term franchise agreement, RBL will be Balenciaga’s sole India partner to launch the brand in the country and this ...

TBB BUREAU NEW DELHI, AUGUST 4, 2022 GAIL (India) Limited recorded 116% increase in Revenue from operations to Rs. 37,572 crore in Q1 FY23 as against Rs. 17,387 crore in the corresponding quarter of previous financial year. The Company’s Profit before Tax (PBT) increased  90% to Rs. 3,894 crore in Q1 FY23 as against Rs. 2,054 crore in Q1 FY22 ...

TBB BUREAU BHUBANESWAR, AUGUST 4, 2022 Two-wheelers and three-wheelers manufacturer TVS Motor Company has launched the industry’s first ‘modern-retro’ motorcycle ‘TVS RONIN’ in Bhubaneswar on Thursday. Powered by a 20hp, 225cc engine, the new TVS RONIN is available in three variants — RONIN SS at Rs 1,49,000, RONIN DS at Rs 1,56,500 lakh and RONIN TD at Rs 1,68,750. Colour ...

TBB BUREAU BHUBANESWAR, AUGUST 2, 2022 Tata Power Central Odisha Distribution Limited (TPCODL) has been felicitated by the Puri District Administration for ensuring a smooth and uninterrupted power supply during this year’s Rath Yatra in the pilgrim city. Anticipating a sharp surge in power demand during the Rath Yatra in Puri, TPCODL had made elaborate arrangements to meet the load ...

TBB BUREAU BHUBANESWAR, AUGUST 2, 2022 Vedanta Aluminium, India’s largest producer of aluminium, is undertaking a series of awareness sessions on breastfeeding practices for pregnant and lactating mothers in Jharsuguda and Kalahandi districts of Odisha during World Breastfeeding Week. Themed on “Step up for Breastfeeding”, the sessions will be held in partnership with National Rural Health Mission, Vedanta Hospital (Lanjigarh) ...

TBB BUREAU MUMBAI, AUGUST 1, 2022 Reliance Jio, India’s largest digital services provider, on Monday acquired spectrum in the 700MHz, 800MHz, 1800MHz, 3300MHz and 26GHz bands in the auctions conducted by the Department of Telecommunications, Government of India. The acquisition of the right to use this spectrum will enable Jio to build the world’s most advanced 5G network and further ...

TBB BUREAU ANGUL, AUGUST 1, 2022 JSPL Foundation in association with the Integrated Child Development Scheme (ICDS), National Health Mission (NHM) and Odisha Livelihood Mission (OLM) of Angul District observed the first day of the World Breastfeeding Week 2022 at Natada Gram Panchayat under Chhendipada Block. The week-long program aims to spread the message ‘Step Up for Breastfeeding: Educate and ...

TBB BUREAU ROURKELA, AUGUST 1, 2022 The Silicon Steel Mill (SSM) of SAIL-run Rourkela Steel Plant (RSP) has set a new monthly production record by rolling 6,626 tonnes of saleable steel in July, 2022 surpassing the previous best recorded in July, 2013. RSP Director In-Charge (DIC) Atanu Bhowmick visited the SSM Shop Floor on Monday to congratulate the SSM collective ...

TBB BUREAU BHUBANESWAR AUGUST 1, 2022 Clix Capital (Clix) has entered into an exclusive co-lending partnership dedicated to healthcare financing, with Bank of Baroda, one of India’s leading public sector banks. Under the partnership, Clix and Bank of Baroda will provide loans at affordable rates in the healthcare equipment space, across Tier 2 cities and beyond. This collaboration will enable ...

TBB BUREAU JODA/BARBIL, AUGUST 1, 2022 Empowering women is paramount for inclusive and holistic social development.  Pursuant to this mission, JSPL Foundation organized a two-day workshop-cum-capacity building program in Joda and Barbil region under its women empowerment initiatives with the objective of making rural women self-reliant by inculcating entrepreneurship spirits in them. The program was inaugurated by Padmashree Tulasi Munda and ...

TBB BUREAU NEW YORK/MUMBAI, AUGUST 1, 2022     Tata Consultancy Services (TCS) has been positioned as a Leader in Everest Group’s PEAK Matrix on Life Sciences Operations, placed highest for its vision and capabilities in an assessment of 32 life sciences BPS providers. The report said that TCS offers a wide spectrum of services across the entire life sciences value ...

TBB BUREAU HOSUR, AUGUST 1, 2022 TVS Motor Company on Monday reported a 13 per cent increase in its total sales at 3,14,639 units in July 2022 compared to 2,78,855 units in the same month last year. Total two-wheelers sales were up 14 per cent at 2,99,658 units last month, as against sales of 2,62,728 units in July 2021, it ...

TBB BUREAU NEW DELHI, AUGUST 1, 2022 Honda Cars India Ltd. (HCIL) on Monday said its domestic sales in July 2022 increased by 12 per cent at 6,784 units. HCIL also exported 2,104 units last month. HCIL had reported sale of 6,055 units in the domestic market and 918 units in overseas markets in July last year. Sharing thoughts on ...

TBB BUREAU MUMBAI, AUGUST 1, 2022 Union Bank of India on Monday launched an Industry-first, dedicated, men-focused committee ‘EmpowerHim’ as part of its flagship HR initiative ‘Prerna’. The program aims to promote the employees’ career trajectory and improve diversity in the Bank by picking out and resolving individual as well as common existing challenges. This Committee will complement the women ...

TBB BUREAU BHUBANESWAR, AUGUST 1, 2022 Jindal Steel & Power (JSP) Executive Vice President Kapil Mantri has been selected amongst the top 40 finance professionals of the country and awarded with the ‘40 Under Forty’ award in the BFCFO event organized by the Businessworld magazine. Kapil has been awarded for his contribution to JSP and the field of Finance. He ...

TBB BUREAU NEW DELHI, AUGUST 1, 2022 India’s leading Insurtech startup, InsuranceDekho, has recently added pet insurance to its product portfolio. InsuranceDekho has partnered with Future Generali India Insurance Company to offer this unique Dog Health Cover and is also in the process of tying up with other insurers. On the day of the launch, the company hosted a special ...

TBB BUREAU MUMBAI, AUGUST 1, 2022 DSP Investment Managers on Monday announced the launch of DSP Silver ETF which will invest in physical silver and silver related instruments. This new ETF offers investors an easier way to buy or sell silver compared to the physical version with the freedom to trade easily. Demand for silver is higher than supply and ...

TBB BUREAU BHUBANESWAR, AUGUST 1, 2022 India’s leading player in steel manufacturing and mining, Rungta Mines Limited (RML) developed an open gymnasium at Barbil in Odisha as part of its CSR initiative. The project has outdoor gym equipment like a step-trainer, air walker, leg press, abs trainer, chest press, fun rower, pendulum, shoulder press, rider, twister, and spinner among others.  ...

TBB BUREAU MUMBAI, AUGUST 1, 2022 SVC Co-operative Bank Ltd. (SVC Bank), one of India’s leading co-operative bank, and Small Industries Development Bank in India (SIDBI), country’s apex financial institution for micro, small and medium enterprises (MSMEs), today announced entering into a partnership through an agreement. The agreement was signed by Ashish Singhal, MD, SVC Bank and Sanjeev Gupta, GM, ...

TBB BUREAU NEW DELHI, AUGUST 1, 2022 Auguste Tano Kouamé on Monday took over as World Bank’s Country Director for India. He replaced Junaid Kamal Ahmad who recently completed a five-year term.  Prior to the new assignment, Kouamé served as the World Bank’s Country Director for the Republic of Türkiye – where he led the expansion of the Bank’s country ...

TBB BUREAU NEW DELHI, AUGUST 1, 2022 The gross goods and service tax (GST) revenue collected in the month of July 2022 stood at Rs 1,48,995 crore, registering a growth of 28 per cent year-on-year (Y-o-Y). It is also the second highest ever collection since the introduction of GST in 2017, the Finance Ministry said in a press release on ...

TBB BUREAU SAMBALPUR, JULY 31, 2022 Artificial intelligence (AI) and internet of things (IoT) can have a significant role to play in ensuring sustainable mining practices, said OP Singh, Chairman-cum-managing Director, Mahanadi Coalfields Limited (MCL). Addressing the Area General Managers (AGMs) and Head of Departments (HoDs) at the workshop on mine closure, social forestry and artificial intelligence held on Saturday, ...

TBB BUREAU BHUBANESWAR, JULY 30, 2022 Public sector Indian Bank recorded a net profit of Rs 1,213.44 crore in the first quarter (Q1) of the current financial year (FY23) as compared to Rs 1,181.66 crore earned during the corresponding period of the previous year. Shanti Lal Jain, Managing Director & CEO , Indian Bank During Q1FY23, the bank’s advances grew ...

TBB BUREAU MUMBAI, JULY 30, 2022 With rise in net interest income and improvement in the asset quality, public sector lender Bank of Baroda (BoB)’s  stand alone net profit zoomed  79.3 per cent to Rs 2,168 crore in the first quarter (Q1) of the current financial year (FY2022-23) as compared to Rs 1,209 crore reported in the corrsponding period in ...

TBB BUREAU NEW DELHI, JULY 30, 2022 Energy sector, power sector will play a significant role in accelerating India’s progress in the next 25 years, said Prime Minister Narendra Modi while dedicating two of NTPC’s green projects to the nation on Saturday. Dedicating NTPC Ramagundam Floating Solar Project (100 MW) in Telangana and NTPC Kayamkulam Floating Solar Project (92 MW) ...

TBB BUREAU BHUBANESWAR, JULY 30, 2022 As the industrial hub of Eastern India, Odisha has been a key market in terms of business engagement for YES Bank with a CD Ratio of 97 per cent in the state as on March 31, 2022, much higher than RBI stipulated requirement of 60 per cent and the State Average. The total deposits ...

TBB BUREAU MUMBAI, JULY 29, 2022 BOB Financial Solutions Limited has announced the launch of its credit card servicing mobile app, ‘bobcard’, to give its customers a one-stop solution to manage their Bank of Baroda credit card services on the move. Designed in collaboration with IBM, ‘bobcard’ is a smart digital platform that offers a battery saver dark-themed interface that ...

TBB BUREAU BHUBANESWAR, JULY 29, 2022 Integrated logistics service provider Balmer Lawrie & Co. Ltd. on Friday announced the unveiling of its new state-of-the-art Cold Chain Unit at Bhubaneswar in Odisha. Union Minister of State for Petroleum and Natural Gas Rameswar Teli inaugurated the Cold Chain facility in the presence of Balmer Lawrie Chairman & Managing Director Adika Ratna Sekhar ...

TBB BUREAU NEW DELHI, JULY 29, 2022 Vedanta Aluminium, India’s largest producer of aluminium, launches the FY23 edition of its GreenHearts campaign during which it will plant more than 2 lakh saplings across its operations in Odisha and Chhattisgarh. Launched last year, GreenHearts is an annual bio-investment campaign, whereby the company’s business units undertake mass plantation drives during monsoon, for ...

TBB BUREAU HYDERABAD, JULY 29, 2022 KL Deemed-to-be University, one of the leading universities in the country for graduation and higher education, has announced a strategic collaboration with the nationally renowned Imarticus Learning, India’s foremost EdTech company, to develop an exceptional on-campus MBA program in Fintech. KL University has embarked on this collaboration to steer in creating a world-class learning ...

TBB BUREAU KANHA, JULY 29, 2022 To celebrate 75 years of India’s Independence, The Ministry of Power in association with NTPC Kaniha organized the ‘Bijli Mahotsav’ under the ‘Azadi Ka Amrit Mahotsav’ at Kamakhyanagar in the Dhenkanal district of Odisha on Friday. The program was inaugurated by Archana Puhan, Zilla Parishad President, Dhenkanal, Bilasini Sethi, Zilla Parishad Vice President. Ramesh ...

TBB BUREAU NEW DELHI, JULY 29, 2022            State-owned NTPC on Friday posted a more than 15 per cent increase in consolidated net profit to Rs 3,977.77 crore in the first quarter (Q1) of the current fiscal (FY23) on the back of higher income.            The consolidated net profit of the company in the corresponding period in the previous ...

TBB BUREAU BHUBANESWAR, JULY 29, 2022 Notwithstanding the adverse effects of Covid-19 pandemic, Odisha continues to lead in attracting new investment projects and in just four years between 2018-19 and 2021-22 it has cornered new proposals worth Rs 4 lakh crore, as per a study undertaken jointly by MSME Export Promotion Council and knowledge firm BillMart FinTech. The study, which ...

TBB BUREAU MUMBAI, JULY 29, 2022 Private sector insurer SBI Life on Thursday reported a 17.78 per cent year-on-year (YoY) rise in net profit at Rs 262.85 crore for the April–June quarter (Q1) of 2022-23 (FY23) compared with Rs 223.16 crore in the corresponding quarter last year. Gross written premium (GWP) — the sum of new business premium and renewal ...

TBB BUREAU BHUBANESWAR, JULY 29, 2022 Goldi Solar, India’s most quality-conscious solar brand today completed the order of9+ MW supply order of solar modules to Hild Projects, a leading solar solutions provider based in Balangir, Odisha. The modules are for a ground-mounted project with MCL (Mahanadi Coal Fields Limited) commissioned in July 2022. Goldi Solar is known best as a ...

TBB BUREAU LANJIGARH, JULY 25, 2022 Students of the DAV Vedanta International School at Lanjigarh, run by Vedanta Ltd.’s Lanjigarh refinery, India’s premier producer of metallurgical grade alumina, have scripted phenomenal results in the CBSE Board Examinations 2022. With all 73 students of Class 10th and 12th passing with first division, the result bears testimony to Vedanta’s commitment to foster ...

TBB BUREAU CHENNAI, JULY 25, 2022 Ashok Leyland, the flagship Company of the Hinduja Group and India’s leading commercial vehicle manufacturer, on Monday announced the launch of AVTR 4220 with 41.5T GCW and AVTR 4420 with 43.5T GCW in 4×2 Tractor segment. With this launch, Ashok Leyland becomes the first Indian OEM (Original Equipment Manufacturer) to offer tractors with 41.5T ...

TBB BUREAU BHUBANESWAR, JULY 25, 2022 Baroda BNP Paribas Mutual Fund has announced the launch of Baroda BNP Paribas Flexi Cap Fund, a dynamic equity scheme with flexibility to invest across market caps. The fund focuses on identifying investment opportunities across sectors and market capitalizations and aims to create long-term wealth by investing predominantly in equity and equity related securities. ...

TBB BUREAU BHUBANESWAR, JULY 25, 2022 Revenue of the Indian diamond industry is set to be cut 15-20 per cent to $19-20 billion in the current financial year, compared with a decadal high last fiscal, following a double blow from falling demand and rising prices of roughs across the globe. Among the demand dampeners, a surge in Covid-19 cases has ...

India’s leading incense stick manufacturer Mysore Deep Perfumery House (MDPH) popular for its flagship agarbati brand Zed Black, on Sunday launched the Cian series and Zed Black Odia range of incense sticks at an event in the pilgrim city of Puri. The products were launched by Ollywood actress Varsha Priyadarshini in pesence of Mysore Deep Perfumery House Director Anshul Agrawal ...

TBB BUREAU BHUBANESWAR, JULY 24, 2022 The first edition of the one-of-a-kind Education Summit – ‘Edu-Meet 2022’ was organised for the first time in Eastern India on Sunday, at the KiiT Campus-7, Bhubaneswar. The event was inaugurated by Yemi Odanye, Deputy Head of Mission, British Deputy High Commission, Kolkata, Rohit Pujari, Minister of Higher Education, Orissa, Arun Lal, Former Indian ...

TBB BUREAU SAMBALPUR, JULY 24, 2022 Curious Cubs Pre-school, an initiative to bridge the towering gap in the standard and quality of early childhood education between eastern India and rest of the developed parts of the country, has opened its new centre in Sambalpur. The centre was inaugurated by former MLA Dr. Raseshwari Panigrahi at Cheruapada in the town. This ...

TBB BUREAU KANIHA, JULY 23, 2022 NTPC Kaniha in collaboration with Unit of Science and Educational Development (UNISED) initiated Rashtriya Avishkar Abhiyan (RAA) activities in 20 government schools of Angul district, 10 near NTPC Talcher and as many near NTPC Kaniha. The activity involved a two-day Capacity Building Workshop at NTPC, Kaniha, Angul, for government school teachers of Talcher and ...