TBB BUREAU BOKARO, MAY 18, 2022 Dalmia Bharat Foundation (DBF), the Corporate Social Responsibility (CSR) arm of Dalmia Bharat Group, has signed a Memorandum of Agreement (MoA) with Bokaro Steel Plant (BSL) to drive its community-centric initiatives in Jharkhand by upskilling 600 youth, annually. The aim of the MoA is to establish a skill training centre to impart short term, ...

TBB BUREAU BHUBANESWAR/GURUGRAM, MAY 18, 2022 Ecom Express Limited, a new-age technology-driven end-to-end logistics solutions provider to the e-commerce industry, announced that it has crossed 55,000 gig workers registration on their dedicated app called ‘Ecom Sanjeev’ to onboard delivery partners since its launch in September 2021. The company’s delivery partner program aims to create part-time work opportunities for individuals with ...

TBB BUREAU BHUBANESWAR, MAY 18, 2022 Reliance Retail has launched a limited period Exchange to Upgrade offer for JioPhone Next. As per the offer, customers can exchange a functional 4G feature phone or smartphone for a brand new JioPhone Next for just Rs. 4,499. The JioPhone Next ‘Exchange to Upgrade’ offer allows many more Indians to embrace a truly smart ...

TBB BUREAU BHUBANESWAR, MAY 18, 2022 Microtek, the leader in the power product market of India, is looking forward to expanding its presence in Odisha with the launch of new range of inverters and home UPS series. Microtek recently organized a Star Retail Partners’ Meet here where the company introduced its newly launched range of inverters and home UPS series ...

TBB BUREAU BHUBANESWAR, MAY 18, 2022 With the aim of tapping the rising demand in the commercial refrigeration business, air conditioning and commercial refrigeration major Blue Star has doubled its production capacity of deep freezers, a senior executive of the company told mediapersons during a virtual meet on Wednesday. The company has augmented its manufacturing facility at Wada in Maharashtra ...

TBB BUREAU NEW DELHI, MAY 17, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has scored a hat trick of awards at the 11th edition of Fly Ash Utilization Conference Expo Awards instituted by Mission Energy Foundation for efficient management of fly-ash. Vedanta Power Plants at Jharsuguda in Odisha won awards in the >=500 MW and <=500 MW categories respectively; ...

TBB BUREAU RANCHI, MAY 16, 2022 As a part of the Swachh Bharat Abhiyan (Clean India Mission), the country-wide campaign initiated by the Government of India for nationwide cleanliness, NTPC Coal Mining Headquarters, Ranchi started observance of a fortnight-long ‘Swachhta Pakhwada’ program from today for spreading awareness about cleanliness. The programme started with Regional Executive Director (Coal Mining) Partha Mazumder ...

TBB BUREAU BHUBANESWAR, MAY16, 2022  Renault, the number one European brand in India, further strengthened its network in India with two new dealership facilities in Delhi-NCR. The new dealerships — Renault Delhi North is located at GTK Road, Industrial Road in Azadpur and Renault Sonipat at Industrial Area in Sonipat. Renault Delhi North is spread over an area of 3600 ...

TBB BUREAU BHUBANESWAR, MAY 16, 2022 Inking yet another stupendous result, Aakash+BYJU’S, the national leader in test preparatory services, has 569 students qualifying the prestigious Indian Olympiad Qualifier Examination in Astronomy, Biology, Chemistry, Mathematics, Physics and Junior Science. The examination is organized by the Association of Teachers in Biological Sciences in association with Indian Association of Physics Teachers and HomiBhabha ...

TBB BUREAU BHUBANESWAR, MAY 15, 2022 Gautam Adani-led Adani group on Sunday announced that it would acquire Swiss cement major Holcim’s stake in Ambuja Cements and its subsidiary ACC for $10.5 billion which is considered as the largest ever acquisition in India. The Adani family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for ...

TBB BUREAU NEW DELHI, MAY 14, 2022 The Union government has said that the decision to restrict wheat exports will control food prices, strengthen the food security of India and countries facing a deficit, and that India remains a reliable supplier as it is honouring all contracts. Speaking at a press conference with Sudhanshu Pandey, Secretary Department of Food and ...

TBB BUREAU NEW DELHI, MAY 14, 2022 Energy major NTPC on Saturday announced the beginning of commercial operation of the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project in Gujarat. “Consequent upon successful commissioning, the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project at Kawas, Gujarat, is declared ...

TBB BUREAU JHARSUGUDA, MAY 14, 2022 The sacred ‘yajna’ at the new Jagannath Temple, built in collaboration with Vedanta and villagers at Katikela village in Sundergarh district of Odisha came to an end today with over devotees offering oblations to the Trinity. Over one thousand devotees from Sundergarh and nearly districts offered prayers to the Trinity seeking the divine blessings, ...

TBB BUREAU BHUBANESWAR, MAY 14, 2022 Notwithstanding the adverse business conditions caused by the Covid-19 pandemic, direct selling industry in Odisha has recorded a growth rate of 13.3 per cent, reaching an all-time high of Rs 1034 crore during the Financial Year 2020-21, according to the Annual Survey Report released by Indian Direct Selling Association (IDSA) here on Saturday. The ...

TBB BUREAU BHUBANESWAR, MAY 14, 2022 Reliance Jio continues to lead in the average 4G download speed chart published by the Telecom Regulatory Authority of India (TRAI) for the month of April. Jio achieved 23.1 Mbps average 4G download speed in April, witnessing an improvement from 21.1 Mbps in March this year. As per the data published by TRAI on ...

TBB BUREAU MUMBAI, MAY 14, 2022 Union Minister for Ports, Shipping & Waterways Sarbananda Sonowal has asserted that Indian cruise market has the potential to grow 10 folds over the next decade, driven by rising demand and disposable incomes. “The government of India realizes this potential and is determined to position India as a global cruise hub with state-of-art infrastructure ...

TBB BUREAU BHUBANESWAR, MAY 14, 2022 Notwithstanding the challenges seen over the last two years, the demand environment for technology “continues to be robust”, and global clients have a razor-sharp focus on accelerating digital transformation with efficiency, HCL Technologies Chairperson Roshni Nadar Malhotra said. “North Asia, Central America, Eastern Europe and Africa are newer geographies for the company,” she said, ...

TBB BUREAU NEW DELHI, MAY 13, 2022 The state-owned lender Bank of Baroda (BoB) on Friday declared a nine-fold jump in its profit after tax (PAT) of Rs 7,272 crore for the financial year 2021-22 (FY22) as compared to a PAT of Rs 829 crore registered in FY21. BoB reported a net profit of Rs 1,779 crore in the fourth ...

TBB BUREAU NEW DELHI, MAY 13, 2022 Union Bank of India on Friday reported over 8 per cent rise in standalone net profit at Rs 1,440 crore for the quarter ended March 2022. The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year. Total income rose to Rs 20,417.44 crore during ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Modicare Limited, one of India’s leading direct selling companies, recently launched Blue Light Shield, a gender-neutral and efficacious skincare range to combat the harmful effects of Blue Light rays. Urban Color London’s Blue Light Shield range leverages innovation and technology to offer the consumers a ‘Screenguard’ against the high energy Blue Light emitted from ...

TBB BUREAU GURUGRAM, MAY 12, 2022 SpiceJet and Axis Bank on Thursday launched a co-branded credit card that will come in two variants, the airline said in a statement. The card comes in two variants – SpiceJet Axis Bank Voyage and Voyage Black, and is designed to enable customers use the rewards earned on their daily spends for booking flights ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Furthering the vision of the government to develop robust and modern infrastructure, the first trainset of India’s first Regional Rapid Transit System (RRTS) was recently handed over to the National Capital Region Transport Corporation (NCRTC). Jindal Stainless is supplying stainless steel to Alstom for developing technologically-advanced and state-of-the-art trainsets for this project. The first ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Experian, the world’s leading global information services company, has launched a new PowerCurve Strategy Management solution, a powerful decisioning solution delivered as software-as-a-service via cloud. The solution is designed to help organisations leverage data and make faster, secure, and informed business decisions. PowerCurve is a unified platform that helps businesses understand and leverage their ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Rosmerta Group today announced the acquisition of Sensorise Digital Services. Rosmerta Group has been a strategic investor in Sensorise since inception. This acquisition reinforces the belief of group in the opportunities that M2M and IoT space are expected to provide in the years to come. Rosmerta group is the market leader in several transport ...

TBB BUREAU NEW DELHI, MAY 12, 2022 Country’s second-largest public sector bank Punjab National Bank (PNB) expects an overall credit growth of 10 per cent in FY 2022-23 on the back of robust credit demand seen in steel, road and cement sectors besides NBFCs, PNB Managing Director & CEO Atul Kumar Goel told media persons at a virtual press meet ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Zuari Agro Chemicals-backed fertiliser company Paradeep Phosphates Ltd (PPL) has set the price band for its Initial Public Offering (IPO) at Rs 39-42 per share having face value of Rs 10. Through the IPO, the government will be offloadng its entire stake of 19.55 per cent in the company. The IPO will open on ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 JSW Infrastructure, India’s leading ports company and part of US$ 13 billion JSW Group, has begun commercial operations at Paradip East Quay Coal Terminal in Odisha. This is a fully-mechanized terminal at Paradip Port with an annual coal handling capacity of 30 million tons. The coal terminal has been built as a cape compliant ...

TBB BUREAU MUMBAI, MAY 11, 2022  Union Bank of India today announced the launch of ‘Trade nxt’, an online platform for providing comprehensive cross border trade finance services to Indian Exporters and Importers. It offers seamless entry and processing of letters of credit (LC), bank guarantees, export/import bills, disbursement of export credit, outward & inward remittances, dealer financing and much ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022 With an objective to increase agricultural productivity and the income of farmers, JSPL Foundation, the Corporate Social Responsibility arm of Jindal Steel and Power (JSP) has launched the ‘Jindal Krishi Vikash’ program in Odisha and Chhattisgarh. Under this program, the Foundation will support the farmers, mainly the small farmers with farm mechanization equipment. “Mechanisation ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022 Fabrice Cambolive has been appointed as the Chief Operating Officer (COO) of Renault brand, effective as of 1 June 2022. He will report to Luca de Meo, CEO – Renault Group, who remains the CEO of the Renault brand. In his new role, Fabrice Cambolive will steer the brand’s operations and lead the Renault ...

TBB BUREAU NEW DELHI, MAY 11, 2022 Oil Marketing Companies (OMCs) Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) have entered into a long-term purchase agreement (LTPA) for upcoming dedicated ethanol plants across India. The first set of Tripartite-cum-Escrow Agreement (TPA) was signed among OMCs, project proponents and Banks of the respective ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022 JSP Motorrad has been appointed as the second BMW Motorrad dealer partner in Bengaluru. The dealership is located at No. 162, Kathalipalya, 80 Feet Main Road, Koramangala 4th Block, Bangalore, Karnataka – 560034 and is headed by Sudarshan Ponraj, Dealer Principal, JSP Motorrad. “BMW Motorrad delivers a promise not only of outstanding products, but ...

TBB BUREAU ROURKELA, MAY 11, 2022 State-run Steel Authority of India Limited (SAIL) Director (Commercial) VS Chakravarthy visited Hot Strip Mill-2 of Rourkela Steel Plant (RSP) on Tuesday. He was accompanied by RSP Director In-charge Atanu Bhowmick, ED (Sales & ITD) ML Agarwal, and other senior officers of the Plant. At Hot Strip Mill-2, Chakravarthy was received by CGM In-charge ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022  There is a growing level of propensity to buy insurance, especially in tier-2 and 3 cities of India, finds a survey conducted by an online insurance marketplace. Policybazaar, one of India’s largest online insurance marketplaces, conducted an online survey to understand the changing consumer sentiment towards insurance purchase, household finances and investments over the ...

TBB BUREAU AHMEDABAD, MAY 11, 2022 Asian Granito India Limited (AGL)’s Rs. 441 crores Rights Issue, largest ever by any Ceramic Company in India, achieved successful closure, receiving overwhelming response from the shareholders and investors despite challenging times. The public portion of the Rights Issue was subscribed more than 1.38 times receiving bids for 6.87 crore shares or Rs. 432 ...

TBB BUREAU BHUBANESWAR, MAY 10, 2022 Continuing its rapid expansion across various key cities and towns in Odisha, JioFiber, the most popular high-speed broadband service in the country, has now commenced its services in key areas of major cities and towns across the state. Further consolidating its leadership in the high speed broadband segment in the state, JioFiber broadband service ...

TBB BUREAU NEW DELHI, MAY 10, 2022 Cement maker Dalmia Bharat has reported around 6 per cent decline in consolidated net profit at Rs 599 crore for the fourth quarter (Q4FY22) ended March 2022. It had clocked a net profit of Rs 640 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. However, revenue from operations was ...

TBB BUREAU NEW DELHI, MAY 10, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has signed a Memorandum of Understanding (MoU) with the National Forensic Sciences University (NFSU), Gandhinagar to promote Research, Training and Academic initiatives for its security professionals. National Forensic Science University (NFSU) is a renowned and the one and only Forensic Science University in the world, known ...

TBB BUREAU ANGUL, MAY 9, 2022 A one of its kind industrial promotion event, “Advantage Angul” is being conducted at the Angul Aluminium Park on 9th and 10th May 2022, in joint collaboration by the Industries Department, MSME Department, Start Up–Odisha, and the District Administration Angul. This first of its kind event outside the state capital was inaugurated today by ...

TBB BUREAU MUMBAI, MAY 9, 2022 Bank of Baroda (Bank), one of India’s leading public sector banks and named the Best Technology Bank by Indian Banks’ Association (IBA), on Monday announced the launch of an end-to-end Digital Platform to facilitate co-lending of loans in partnership with NBFCs. The platform provides seamless integration between the Bank and multiple NBFC partners to ...

TBB BUREAU NEW DELHI, MAY 9, 2022          Reliance Brands Ltd (RBL) on Monday said it has entered into a long-term franchise agreement with Tod’s SpA to become the official retailer of the Italian luxury lifestyle brand for the Indian market.         As per the agreement, RBL is the official retailer of the brand across all categories, including footwear, handbags ...

TBB BUREAU MUMBAI, MAY 9, 2022 Celebrating its 125th anniversary (1897-2022), Godrej & Boyce, the flagship company of the Godrej Group, today announced an organisation-wide initiative with a focus on bringing new innovative solutions to market that are not only sustainable and but also boost growth across its key B2B and B2C businesses.  Godrej & Boyce plans to double its ...

TBB BUREAU MUMBAI, MAY 9, 2022 Domestic steel prices are showing signs of fatigue after a relentless rally over the past two years following supply disruptions, decarbonization measures globally, especially in China and geopolitical risks stemming from the RussiaUkraine war, which has driven up raw material costs. While prices have defied correction predictions because of continuing uncertainties, some moderation is ...

TBB BUREAU BHUBANESWAR, MAY 8, 2022 Leading steel producer JSW Steel has collaborated with the Odisha government to promote gender equality and to create vibrant opportunity for women empowerment in the State. The company is also actively engaged in creating a holistic environment for the women in workplace as well as creating platforms for livelihood generation. India’s First Women’s Business ...

TBB BUREAU MUMBAI/BHUBANESWAR, MAY 8, 2022  As COVID-19 disrupted livelihoods, Reliance Industries ensured that not only did it protect livelihoods of its existing workforce but also generated new job opportunities for the members of the society. The retail business was the leading job creation vertical hiring over 150000 employees across various functions of the business; this is more than 2x ...

TBB BUREAU BHUBANESWAR, MAY 8, 2022 With the IMD warning that the low-pressure area in the South Andaman Sea and its neighborhood is expected to intensify into a cyclonic storm, electricity distribution company TP Central Odisha Distribution Ltd (TPCODL) has chalked out a detailed disaster management plan to deal with cyclone ‘Asani’, the company said in a statement today. TPCODL ...

TBB BUREAU RANCHI, MAY 8, 2022 State-run Coal India Limited (CIL) has spent more than Rs. 1600 crore on CSR activities in the last three years which is 25 per cent more than the mandated target of Rs. 1284 crore, a senior executive of the Company said. Speaking at the CIL’s first ‘CSR & Sustainability Conclave’ at Ranchi on Saturday, ...

TBB BUREAU ROURKELA, MAY 8, 2022        SAIL-run Rourkela Steel Plant (RSP) has been rendering invaluable contribution in nation building by developing a wide range of newer grade import substitute products as well as high strength defence grade steel. Sustained focus on R&D and best in class manufacturing facilities has helped the Steel Plant to make foray into the elite ...

TBB BUREAU MUMBAI, MAY 7, 2022 India’s largest depository, National Securities Depository Limited (NSDL) celebrated 25 glorious years of service to the Indian capital markets. This momentous occasion was graced by Union Finance Minister Nirmala Sitharaman, Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and Chief Postmaster General Veena Ramakrishna Srinivas besides other dignitaries. The event kickstarted ...

TBB BUREAU MUMBAI, MAY 7, 2022 Reliance Retail’s new commerce proposition has gained pace and registered 3-fold growth in merchant base in the financial year 2021-22. Speaking on the financial performance, Gaurav Jain, Head – Strategy & Business Development, Reliance Retail said, “Our efforts in scaling up digital commerce and new commerce businesses are on track, and we continue to ...