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 ...