TBB BUREAU ROURKELA, JUNE 7, 2022 Continuing its spree of excellence, Rourkela Steel Plant (RSP) Hot Strip Mill–2 has registered the record single shift HR coil production in ‘C’ Shift of June 5. The Mill achieved the best ever single shift performance by rolling out 2376 tons of slab and 2321 tons of HR coil, surpassing the previous best of ...
Read More »Business
World will emulate example of PM Gati Shakti in coming years: Piyush Goyal
TBB BUREAU NEW DELHI, JUNE 7, 2022 Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles Piyush Goyal on Tuesday said that the world would emulate the example of PM Gati Shakti in the coming years. Adding that PM Gati Shakti would be a game changer, the Minister suggested that people who want to set ...
Read More »Vedanta Aluminium’s largest smelter reduces GHG emissions intensity by 12pc in FY22
TBB BUREAU NEW DELHI, JUNE 6, 2022 Vedanta Aluminium, India’s largest producer of aluminium has declared that its largest aluminium smelter has substantially reduced its GHG, or greenhouse gas emissions intensity (carbon footprint), by around 12 per cent in FY22 over theprevious fiscal, while increasing production volume by 20 per cent. On World Environment Day, Vedanta Aluminium committed to reduce ...
Read More »Need of the hour to solve challenge faced by our planet: PM Modi
TBB BUREAU NEW DELHI, JUNE 5, 2022 Prime Minister Narendra Modi on Sunday said that the need of the hour is to solve the challenge faced by our planet using human-centric, collective efforts and robust action that further sustainable development. Launching a global initiative ‘Lifestyle for the Environment – LiFE Movement’ today via videoconference, the Prime Minister reminded the gathering ...
Read More »Jindal Steel & Power celebrates World Environment Day-2022
TBB BUREAU ANGUL, JUNE 5, 2022 The Angul Unit of Jindal Steel and Power (JSP) on Monday celebrated the World Environment Day-2022 by organizing a slew of programs for its employees, school students and periphery villagers. In a bid to create awareness regarding protection of environment, early in the morning “A Run for Environment” was flagged off by JSP Executive ...
Read More »India achieves target of 10pc ethanol blending in petrol ahead of schedule: PM
TBB BUREAU NEW DELHI, JUNE 5, 2022 Prime Minister Narendra Modi on Sunday said that India has achieved the target of 10 per cent ethanol blending in petrol ahead of schedule. The Prime Minister was speaking at a programme on ‘Save Soil Movement’ at Vigyan Bhawan here. PM addressing at the Save Soil programme organised by Isha Foundation, in New ...
Read More »NMDC celebrates World Environment Day-2022
TBB BUREAU NEW DELHI, JUNE 5, 2022 India’s largest producer of iron ore, the National Mineral Development Corporation Ltd., (NMDC) under Ministry of Steel celebrated the World Environment Day 2022 on the keynote of ‘Only One Earth’ at its Head Office in Hyderabad. Mukesh Khare, Professor at the Indian Institute of Technology, Delhi was the Chief Guest for the event ...
Read More »Business growth, sustainable development two sides of a coin: Vedanta Aluminium CEO
TBB BUREAU NEW DELHI, JUNE 4, 2022 As World Environment Day is observed across the globe on June 5 to raise awareness and describe the importance of Mother Nature, Vedanta Aluminium CEO Rahul Sharma on Saturday said that business growth and sustainable development are two sides of the same coin. Rahul Sharma, CEO, Vedanta Aluminium “At Vedanta Aluminium, India’s largest ...
Read More »Vedanta to raise up to Rs 4,089 cr via non-convertible debentures
TBB BUREAU NEW DELHI, JUNE 4, 2022 Globally diversified natural resources company Vedanta Ltd on Saturday said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis. “An authorised committee of directors at its meeting held today i.e. June 4, 2022, considered and approved offering for subscription… up to 40,890 nos ...
Read More »Mangala pipeline to become solar power by 2025: Vedanta’s Cairn Oil & Gas
TBB BUREAU NEW DELHI, JUNE 4, 2022 Vedanta’s mining unit Cairn Oil & Gas plans to convert a pipeline that ships crude oil from its prolific Rajasthan oilfields to Gujarat to solar power by 2025. In a bid to turn Mangala pipeline to solar, the company will install solar rooftop PVs in all the 36 Above Ground Installations (AGIs) along ...
Read More »Tourism Ministry launches ‘National Strategy for Sustainable Tourism and Responsible Traveller’ campaign
TBB BUREAU NEW DELHI, JUNE 4, 2022 Union Tourism Ministry, in partnership with United Environment Program (UNEP) and Responsible Tourism Society of India (RTSOI) organized National Summit on Developing Sustainable & Responsible Tourist Destinations in New Delhi on Saturdau. On the occasion, the Ministry launched the ‘National Strategy for Sustainable Tourism and Responsible Traveller’ campaign. The Strategy document has identified ...
Read More »Vedanta Aluminium empowers Lanjigarh youth with fresh career avenues
TBB BUREAU LANJIGARH, JUNE 4, 2022 Vedanta Aluminium, India’s largest producer of aluminium, took trainee students under its Skill Training Program at Lanjigarh in Kalahandi district on a field visit to Orion Hotel in Junagarh, to help them learn the finer aspects of the job role of a housekeeping attendant. Twenty-eight trainee students visited the hotel premises to gain first-hand ...
Read More »NTPC signs MoU with MECON for consultancy, project management services for its coal mines
TBB BUREAU RANCHI, JUNE 4, 2022 PSUs NTPC Ltd and MECON Ltd have joined hands and collaborated to strengthen the mines infrastructure facilities, mines development and other associated infrastructure projects of NTPC Coal Mines. In this regard, NTPC signed a Memorandum of Understanding (MoU) with MECON, Ranchi on Thursday to utilize its expertise in the field of engineering Consultancy Services ...
Read More »Kunchupada villagers support Dalmia Cement’s Lanjiberna limestone mines expansion plan
TBB BUREAU RAJGANGPUR, JUNE 4, 2022 People of Kunchupada village under Keshramal Panchayat who will be displaced in the land acquisition process for expansion of the Lanjiberna limestone mines of Dalmia Cement (Bharat) Limited [DCBL], happily accepted the Rehabilitation & Resettlement (R&R) scheme offered by DCBL, during a public hearing held today. They also came with certain proposals which would ...
Read More »Gram Vikas conferred with 10th Earth Care Award
TBB BUREAU BHUBANESWAR, JUNE 4, 2022 Not-for-profit community development organization Gram Vikas has received the 10th Earth Care Awards for exemplary stewardship of community-based Climate Action. The Award recognizes Gram Vikas’ long-standing work in empowering the village communities to address the rapidly deteriorating ecological balance. It helps them adapt to the challenges posed by climate change to access to water, ...
Read More »A Manimekhalai takes over as Union Bank of India MD & CEO
TBB BUREAU MUMBAI, JUNE 3, 2022 A Manimekhalai on Friday assumed charge as Managing Director & CEO of Union Bank of India. Prior to the new assignment, Manimekhalai was the Executive Director at Canara Bank, wherein she oversaw strategic planning, credit & related matters, inspection, marketing and financial inclusion, State Level Lead Bank responsibilities and the functioning of Regional Rural ...
Read More »RSP Hot Strip Mill-2 rolls 1 lakh tons of slab in May ‘22
TBB BUREAU ROURKELA, JUNE 3, 2022 For the first time the Hot Strip Mill-2 of Rourkela Steel Plant (RSP) has achieved 1 lakh tons of slab rolling in a month in May this year. The previous best of 71,485 tons was recorded in March 2022. Post pandemic, the Mill started in October 2021 with rolling of a single coil of ...
Read More »Land oustees appreciate Dalmia Cement’s Rehabilitation & Resettlement scheme
TBB BUREAU RAJGANGPUR, JUNE 3, 2022 People of Jolodihi village under Kukuda Panchayat and Rengalbahal village of Alanda Panchayat who will be displaced in the land acquisition process for expansion of the Lanjiberna limestone mines of Dalmia Cement (Bharat) Limited [DCBL], appreciated the Rehabilitation & Resettlement (R&R) scheme offered by DCBL, during a public hearing held today. They also came ...
Read More »Metaverse – The future of business in Virtual Reality
PRIYADARSHI NANU PANY Just think what jobs your kids will do as they dip their feet into the future of a digital-first world. It is estimated that nearly two-thirds of today’s children will be absorbed in professions we are unversed with. And a good proportion of those jobs will populate the Metaverse. Many have billed Metaverse as the future of ...
Read More »Kansai Nerolac Paints placed in leadership position in CRISIL’s Sustainability Yearbook
TBB BUREAU MUMBAI, JUNE 3, 2022 In recognition of its relentless commitment towards sustainability and the environment, Kansai Nerolac Paints Ltd (KNPL) has been placed in the ‘Leadership’ category in the CRISIL Sustainability Yearbook 2022. The company is one among the only 14 companies that have been placed in this category for their ESG initiatives. Further, Kansai Nerolac Paints Ltd ...
Read More »OPPO to launch K10 5G smartphone in India on June 8
TBB BUREAU BHUBANESWAR, JUNE 3, 2022 OPPO, the leading global smart-device brand, is set to launch its latest addition to the K series lineup – K10 5G in India on 8th June 2022. Following the successful launch of K10 earlier this year, which stood out as the fastest-selling new launch with 1,00,000 units sold in the first 15 days, OPPO ...
Read More »Xiaomi India reinforces India commitment; announces leadership rejig for next phase of growth
TBB BUREAU BENGALURU, JUNE 3, 2022 Xiaomi India, the country’s No.1 smartphone and smart TV brand, today announced various organizational changes for the next phase of growth. After 7 years in India, last year Manu Kumar Jain transitioned to a global role as Group Vice President and is currently responsible for International Strategy including International Marketing and PR. Since the ...
Read More »Capri Global appoints Coaching Beyond as Consultant for UAE ILT20 League
TBB BUREAU MUMBAI, JUNE 3, 2022 Capri Global has announced an association with Coaching Beyond, a premier cricket coaching institute, as a consultant for the franchise team of the UAE ILT20 League. The institution will assist Capri Global in appointment of coaching staff and matters related to cricket operations. R Sridhar, former fielding coach of the Indian Cricket Team and ...
Read More »NTPC gets the ball rolling for a prospering year; records highest ever coal production in May ’22
TBB BUREAU RANCHI, JUNE 3, 2022 After completing a successful year with the achievement of coal production of 14.02 Million MT in FY 2021-22registering a year-on-year growth of 36% from FY 2020-21, NTPC Coal Mining has opened this year’s coal production on a high note. The three operational coal mines viz. Pakri Barwadih (Jharkhand), Dulanga (Odisha) and Talaipalli (Chhattisgarh) have ...
Read More »TPCODL completes two successful years of operations
TBB BUREAU BHUBANESWAR, JUNE 2, 2022 Tata Power Central Odisha Distribution Ltd. (TPCODL), a joint venture between Tata Power and the Government of Odisha, on Thursday celebrated the completion of two years of its successful operations in Odisha. In its first two years, TPCODL has extensively leveraged technology for reliable power supply. The company has kept its prime focus on ...
Read More »Vedanta Lanjigarh sensitizes local women, girls on menstrual health & hygiene
TBB BUREAU LANJIGARH, JUNE 2, 2022 Vedanta Limited, Lanjigarh Unit, India’s premier producer of metallurgical grade alumina, organized awareness programs on World Menstrual Hygiene Day with women and girls hailing from local communities in Kalahandi district. The objective of these sessions was to build community awareness on period poverty, communicate the importance of managing health and hygiene during menstruation, prevent ...
Read More »Vedanta Jharsuguda bags Times Business Awards-2022
TBB BUREAU JHARSUGUDA, JUNE 2, 2022 The Jharsuguda Unit of Vedanta Limited received the Sustainable Manufacturing Excellence Award at the ‘Times Business Awards – Odisha 2022′ hosted by The Times Group for its exceptional contribution to doing business in the most sustainable way aligned with Environment, Social and Corporate (ESG) practices and governed by its vision of ‘Zero Harm, Zero ...
Read More »Ahead of World Environment Day, Blue Dart signs the UNFCCC Climate Neutral Now pledge
TBB BUREAU BHUBANESWAR, JUNE 2, 2022 Blue Dart, South Asia’s premier express air and integrated transportation & distribution company and a part of the Deutsche Post DHL (DPDHL) Group has signed the ‘Climate Neutral Now’ (CNN) pledge by the United Nations Framework Convention on Climate Change (UNFCCC). The pledge highlights the organisation’s commitment to ambitious CO2 reduction targets. Deutsche Post ...
Read More »Union Bank of India signs MoU with SIDBI for co-financing arrangement of MSMEs
TBB BUREAU MUMBAI, JUNE 1, 2022 Union Bank of India today signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) for a Co-Financing arrangement for MSMEs. The MoU was signed by Lal Singh, Chief General Manager, Union Bank of India and Vivek Kumar Malhotra, Chief General Manager, SIDBI. SIDBI is country’s principal financial institution engaged ...
Read More »Dalmia Cement, Odisha Livelihoods Mission ink pack for peripheral development
TBB BUREAU RAJGANGPUR, JUNE 1, 2022 The Rajgangpur Unit of the Dalmia Cement (Bharat) Limited [DCBL] which has been working tirelessly for the socio-economic development of the people living in its plant periphery, today signed a Memorandum of Understanding (MoU) with the Sundargarh Division of the Odisha Livelihoods Mission to further strengthen the bonds with the peripheral populace and uplift ...
Read More »Reliance Brands to buy 40pc in toymaker Plastic Legno SPA
TBB BUREAU MUMBAI, JUNE 1, 2022 RELIANCE BRANDS LIMITED (RBL) and Plastic Legno SPA have signed a joint venture arrangement through which RBL will acquire a 40% stake in Plastic Legno SPA’s toy manufacturing business in India. This investment by RBL serves a dual purpose, bringing in vertical integration for RBL’s toy business and helping diversify the supply chain with ...
Read More »Vedanta Aluminium commissions India’s largest fleet of electric lithium-ion forklifts
TBB BUREAU NEW DELHI, JUNE 1, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has commissioned India’s largest electric fleet of 27 forklifts, powered by lithium-ion batteries. Done in partnership with GEAR (Gemini Equipment and Rentals Private Limited) India, this sets the ball rolling on Vedanta Aluminium’s plans to decarbonize its industrial vehicle fleet. All 27 forklifts arrived last month ...
Read More »Aditya Birla Group launches ‘House of Brands’ venture TMRW in fashion & lifestyle space
TBB BUREAU MUMBAI, JUNE 1, 2022 Aditya Birla Group on Wednesday announced the formal launch of its new ‘House of Brands’ entity – TMRW. This move is in line with the group’s strategy to launch and back new-age digital ventures. TMRW, an Aditya Birla Group venture, will create India’s largest portfolio of disruptor brands in the fashion & lifestyle space ...
Read More »GST collections for May at Rs 1.4 lakh cr, up 44pc YoY
TBB BUREAU NEW DELHI, JUNE 1, 2022 The gross revenue from Goods and Service Tax (GST) in the month of May 2022 came in at Rs 140,885 crore, witnesing a year-on-year (YoY) growth of 44 per cent over the corresponding period in the previous year, data showed on Wednesday. This is the fourth time the monthly GST collection crossed Rs ...
Read More »On World No-Tobacco Day, Vedanta Aluminium sensitizes communities against tobacco consumption
TBB BUREAU LANJIGARH, MAY 31, 2022 Vedanta Limited, Lanjigarh unit, India’s premier producer of metallurgical grade alumina, sensitized local communities on the health impacts of tobacco consumption on World No-Tobacco Day today. While the adverse effects of consuming tobacco are well documented, millions continue to be affected by it each year. This is due to the general lack of awareness ...
Read More »NTPC Nabinagar plant’s unit-3 begins commercial operation from midnight
TBB BUREAU NEW DELHI, MAY 31, 2022 Country’s largest power generating company NTPC on Tuesday said that the commercial operation at unit-3 of 660 megawatt (MW) capacity of Nabinagar Power Generating Company Limited (NPGCL) in Bihar, will begin from midnight. “Unit-3 of 660 MW capacity of Nabinagar Power Generating Company Limited (wholly-owned subsidiary of NTPC Limited) is ...
Read More »Centre clears entire GST compensation payable to States till to date
TBB BUREAU NEW DELHI, MAY 31, 2022 The Centre has cleared the entire amount of Goods and Service Tax (GST) compensation payable to States up to May 31, 2022 by releasing an amount of Rs 86,912 crore, an official statement said on Tuesday. The payment was made to assist the states in managing their resources and ensuring that their programmes, ...
Read More »Govt revises premium rates of PMJJBY, PMSBY
TBB BUREAU NEW DELHI, MAY 31, 2022 The government on Tuesday raised the premium for its flagship insurance schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) in order to make them economically viable. The premium rate of PMJJBY has been revised upward to Rs 1.25 per day, translating into an increase from ...
Read More »BOB Financial crosses the 1 million credit cards mark
TBB BUREAU MUMBAI, MAY 31, 2022 BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda that issues and manages Bank of Baroda Credit Cards, has crossed the 1 million credit cards mark. As per Reserve Bank of India (RBI) data, Bank of Baroda credit cards have grown 9-fold over the last four years – from 0.12 million ...
Read More »Exceptional experiences await Singapore Airlines customers at all-new SilverKris and KrisFlyer Gold lounges
TBB BUREAU SINGAPORE, MAY 30, 2022 Singapore Airlines (SIA) today unveiled its all-new flagship SilverKris and KrisFlyer Gold lounges at Singapore Changi Airport Terminal 3, following a S$50 million re-design, upgrade, and expansion project. This will further enhance the on-ground customer experience at the Airline’s main hub, and comes as the demand for international air travel from and through Singapore ...
Read More »NTPC Coal Mining Headquarters creates awareness on “No Plastic Use”
TBB BUREAU RANCHI, MAY 31, 2022 NTPC Coal Mining Headquarters, Ranchi on Monday distributed cotton bags among vegetables and fruits vendors around its office campus to create awareness on “no use of plastic bags” as part of the observance of Swachhata Pakhwada (Cleanliness fortnight) from 16th to 31st May, 2022. On the occasion, NTPC Coal Mining Headquarters HR Head Wilson ...
Read More »OSL Director Charchit Mishra bags ‘Times Dynamic Entrepreneur of the Year’ Award
TBB BUREAU BHUBANESWAR, MAY 30, 2022 Charchit Mishra, the young and dynamic Director of Orissa Stevedores Limited (OSL) Group, has been conferred with the prestigious ‘Times Dynamic Entrepreneur of the Year’ Times Business Award 2021-22 at a spectacular function organised here on Saturday. On behalf of the OSL Group, Senior Manager (Marketing) Dinesh Kumar Parida received the award from Bollywood ...
Read More »JSW Steel bags awards for sustainability practices at its Odisha mines
TBB BUREAU BHUBANESWAR, MAY 30, 2022 The Bhubaneswar Chapter of the Indian Bureau of Mines (IBM) on Sunday felicitated JSW Steel with several prestigious awards in multiple categories for promoting sustainability at Odisha Mines. JSW Narayanposhi Mines bagged an award in reclamation and rehabilitation category while Jajang iron ore mine received awards for publicity and propaganda linked to sustainability initiatives. ...
Read More »Times Business Award for Paradeep Phosphates Ltd
TBB BUREAU BHUBANESWAR, MAY 30, 2022 One of the leading private sector manufacturers of non-urea fertilizers and Di-Ammonium Phosphate (DAP), Paradeep Phosphates Limited (PPL) has won the Times Business Award for Distinguished Contribution to Fertilizer Industry. PPL Head of Corporate Affairs Sudhi Ranjan Mishra received the award from Bollywood actor and noted social activist Sonu Sood at a glittering function ...
Read More »Sterlite Power wins orders worth Rs. 1600 crore
TBB BUREAU NEW DELHI, MAY 30, 2022 Sterlite Power, a leading power transmission developer and solutions provider, has secured multiple orders worth Rs. 1600 crore across its Solutions business in the domestic and international markets. The company has secured orders from customers like Power Grid Corporation of India (PGCIL), Damodar Valley Corporation (DVC), and West Bengal State Electricity Transmission Company ...
Read More »Airlines likely to require 1,960 new single-aisle airplanes over next 20 years: Infomerics Report
TBB BUREAU NEW DELHI, MAY 30, 2022 With fast receding Covid 19, the Airlines industry is expected to gain traction and grow at a fast.Going forward, Asian carriers are likely to gain share globally led by carriers in China, South Asia and Southeast Asia.In India, single-aisle airplanes such as the 737 family will continue to drive growth in domestic and ...
Read More »Jio becomes first operator to provide mobile connectivity on Kedarnath Dham trek route
TBB BUREAU DEHRADUN / BHUBANESWAR, MAY 29, 2022 Reliance Jio has become the first operator to give mobile and data connectivity on the trek route between Gaurikund and Kedarnath Temple. For the first time, pilgrims shall now stay connected with their loved ones through voice or video calls on this trek route also. Looking at the possibility of huge inflow ...
Read More »Govt allocates Rs 3,004.63 crore for deepening and optimisation of inner harbour facilities of Paradip Port
TBB BUREAU BHUBANESWAR, MAY 29, 2022 Ministry of Ports, Shipping and Waterways aims for robust investor confidence by underpinning strong vision and leadership from long term strategic infrastructure plan including a pipeline of investable projects that are economically, socially and environmentally sustainable and practically deliverable. One of those visionary initiatives is capital intensive project at Paradip port which will transform ...
Read More »Power Ministry asks CEA to determine the eligible quantity of domestic coal for power plants
TBB BUREAU NEW DELHI, MAY 29, 2022 The Union Power Ministry on Sunday directed the Central Electricity Authority (CEA) to determine the eligible quantity of domestic coal for the power plants using coal under Shakti B(viii) (a) taking into account 10% imported coal for blending which is equivalent to about 15% of domestic coal in energy terms. Shakti B ...
Read More »CSM Premier League cricket tourney kicks off in Bhubaneswar
TBB BUREAU BHUBANESWAR, MAY 29, 2022 Bhubaneswar-headquartered IT consulting company, CSM Technologies has kicked off its maiden sporting extravaganza – CSM Premier League, at the Company’s campus in Infocity here on Friday. Modelled on the immensely popular Indian Premier League (IPL), the event seeks to replicate the magic and ignite fervour with CSM’s touch of ingenuity. Twelve teams – Deccan ...
Read More »
THEBUSINESSBYTES.COM Fast. Focused. Future-ready