TBB BUREAU CHENNAI, MAY 7, 2022 Lakshmi Venu, daughter of industry veteran Venu Srinivasan, has taken over as the managing director of Sundaram-Clayton Limited (SCL), one of India’s leading auto components manufacturers. She was the Joint Managing Director of Sundaram Clayton. She is considered as the lead architect of Sundaram Clayton’s global footprint. The decision to elevate Lakshmi Venu as ...

TBB BUREAU MUMBAI, MAY 6, 2022 Mukesh Ambani-led Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March 2022 (Q4FY22) on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. RIL’s consolidated net profit rose to Rs 16,203 crore ...

TBB BUREAU LANJIGARH, MAY 6, 2022 The Lanjigarh Unit of Vedanta Limited pledges to strengthen grassroots sporting culture on Kids Athletics Day by supporting young athletes from local communities. Placing holistic development of communities at the core of its operational philosophy, Vedanta Lanjigarh runs several socio-economic developmental projects in the region. Presently, over 100 students are undergoing training in Archery ...

TBB BUREAU MUMBAI, MAY 6, 2022          Reliance Jio Infocomm, the telecom subsidiary of Reliance Industries, on Friday reported an about 24 per cent increase in its standalone profit after tax (PAT) to Rs 4,173 crore for the quarter ended March 31, 2022 (Q4FY22) as against Rs 3,360 crore recorded in the corresponding period in the previous fiscal. India’s largest ...

TBB BUREAU BHUBANESWAR, MAY 6, 2022 The 109th meeting of the State Level Single Window Clearance Authority (SLSWCA) held under the chairmanship of Odisha Chief Secretary Suresh Chandra Mahapatra today approved 6 industrial projects worth Rs 493.62 crore that would generate employment opportunities for over 1317 people in the State. The SLSWCA gave its nod to Jatia Steel Ltd to ...

TBB BUREAU SAMBALPUR, MAY 6, 2022 Jugal Kumar Borah has assumed the charge as the Director (Technical/Projects & Planning) of Mahanadi Coalfields Limited (MCL), a Coal India Limited subsidiary. Prior to his new assignment, Borah was posted at Coal India Limited headquarters, Kolkata as General Manager (Production). Immediately after assuming charge, Borah visited the coalfields under MCL and reviewed the ...

TBB BUREAU BHUBANESWAR, MAY 6, 2022 Reliance Jio, in partnership with Disney+ Hotstar, now provides a 3-month subscription of Disney+ Hotstar Mobile at no extra cost, to its prepaid users on select recharges. Customers can choose from different Jio recharge plans with Disney+ Hotstar Mobile subscription for 3 months. Jio users also get Unlimited Voice, Data, SMS and other benefits ...

TBB BUREAU BERHAMPUR, MAY 5, 2022 With a mission to enhance the digital learning outreach, TP Southern Odisha Distribution Limited (TPSODL), the joint venture between Tata Power and Odisha Government for power distribution in Southern Odisha, is organizing Digital Literacy Campaigns across all its licenced area of operations. These districts include Ganjam, Gajapati, Koraput, Rayagada, Malkangiri, Nabarangapur, Kandhamal and Boudh. ...

TBB BUREAU CHENNAI, MAY 5, 2022 Two-wheeler and three-wheeler manufacturer TVS Motor Company today announced the elevation of Sudarshan Venu as the Managing Director of the Company with immediate effect. Sudarshan Venu Sudarshan has been charting the future of one of India’s leading two-wheeler manufacturer and has made it the most awarded two-wheeler company. He has played a pivotal role ...

TBB BUREAU MUMBAI, MAY 5 Prudent Corporate Advisory Services on Thursday set the price band of Rs. 595-630 per equity share of face value Rs. 5 for its Rs. 539-crore initial public offering (IPO). The initial share-sale will open for public subscription on May 10 and the bidding for anchor investors will open on May 9, according to the company. ...

TBB BUREAU RAJGANGPUR, MAY 5, 2022 The Rajgangpur Unit of Dalmia Cement (Bharat) Limited organised an exposure visit for students of Lanjiberna Upgraded High school to Dalmia Institute of knowledge and Skill Harnessing (DIKSHa) Training Centre, Dalmia Private Industrial Training Institute (DITI), LVPEI Dalmia OCL Eye Centre and Line-3 cement plant in Rajgangpur recently. The exposure visit was planned with ...

TBB BUREAU JHARSUGUDA, MAY 5, 2022 The Jharsuguda Unit of Vedanta Aluminium recently organized various awareness campaigns on fire safety and prevention for its employees, business partners and the community at large. In line with this year’s National Fire Service Day theme ‘Learn Fire Safety, Increase Productivity’, various fire prevention training and awareness programmes, quizzes, mock drills, sports tournaments, etc., ...

TBB BUREAU MUMBAI, MAY 5, 2022 Nasdaq-listed IT services major Cognizant reported net income of $563 million for the first quarter ended March 31, 2022. Net income was up 11.5 per cent year-on-year, but down from $576 million in the quarter ended Oct-Dec 2021. Web Revenue for the first quarter (January-March 2022) rose by 10.9 per cent in constant currency ...

TBB BUREAU COPENHAGEN, MAY 3, 2022     Dalmia Cement (Bharat) Ltd, a leading Indian cement major and subsidiary of Dalmia Bharat Limited, one of India’s leading cement manufacturers and FLSmidth & Co. A/S, a major supplier of engineering, equipment and service solutions to the global mining and cement industries, have signed a Memorandum of Understanding (MoU) to collaborate in the ...

TBB BUREAU BHUBANESWAR, MAY 3, 2022 In an endeavour that aims at enhancing experience of rural electricity consumers in Marshaghai area, TP Central Odisha Distribution Ltd (TPCODL) today inaugurated its first mobile Customer Care Centre (CCC) at Marshaghai Tehsil in Kendrapada district. Mahakalapada MLA Atanu Sabyasachi Nayak flagged off the mobile CCC in presence of senior officials of TPCODL. The ...

TBB BUREAU NEW DELHI, MAY 3, 2022 Jindal Stainless Ltd (JSL) on Monday posted a 156 per cent jump in consolidated net profit at Rs 749.88 crore for the March quarter (Q4FY22), mainly on account of higher income. In the year-ago quarter, its net profit stood at Rs 292.61 crore, the company said in a regulatory filing. Total income in ...

TBB BUREAU BHUBANESWAR, MAY 3, 2022 Aditya Birla Group company Utkal Alumina International Limited (UAIL)’s Project “UANAT (Utkal’s Action for Agricultural Transformation)” launched in collaboration with Bharat Rural Livelihood Foundation (BRLF), is making a transformative change to the lives of more than 15,000 rural households of Kashipur Block in Rayagada district and Thuamul Rampur Block of Kalahandi district in Odisha ...

TBB BUREAU      BHUBANESWAR, MAY 2, 2022 A Uday Bhaskar Reddy has joined as the new Zonal Manager (ZM) of the Bhubaneswar Zone of Punjab National Bank (PNB). Reddy started his career in 1988 as an Agricultural Officer in PNB and during his successful journey of over 34 years, he has worked in different capacities of the Bank in different geographies ...

TBB BUREAU BHUBANESWAR, MAY 2, 2022 DSP Investment Managers announced the 25-year completion of the DSP Flexi Cap Fund. Launched on 29th April 1997, DSP Flexi Cap Fund has a proven portfolio that has been through many market cycles and has delivered returns of 19.1 per cent CAGR (Compounded Annual Growth Rate) since inception. Rs 1 lakh invested at inception ...

TBB BUREAU BHUBANESWAR, MAY 2, 2022 In a bid to reduce the company’s debt burden, Coimbatore-based Sakthi Sugars Ltd on Monday decided to sell its sugar and distillery units in Odisha and the soya factory in Tamil Nadu. The company’s board approved the sale of these two plants at its meeting. Sakthi Sugars acquired the Odisha sugar unit several decades ...

TBB BUREAU SAMBALPUR, MAY 2, 2022 Coal Miners are playing an important role in strengthening the economy and development of the country, said Mahanadi Coalfields Limited (MCL) Chairman-cum-Managing Director OP Singh on the occasion of May Day that the company celebrates as Miners Day. Addressing a colourful programme at Belpahar in Jharsuguda last evening, Singh said coal miners are the ...

TBB BUREAU NEW DELHI, MAY 2, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has announced long-term sourcing of 380 MW of renewable energy for its Aluminium Smelters. Some 180 MW of this RE will be for the Aluminium Smelter at Jharsuguda, Odisha, and 200 MW for the Bharat Aluminium Company (BALCO) at Korba, Chhattisgarh. This will be carried out ...

TBB BUREAU BHUBANESWAR, MAY 2, 2022 India’s largest integrated power producer NTPC Ltd has invited Expression of Interest (EOI) to produce torrefied biomass pellets from Indian startups. Through its R&D wing, NETRA, NTPC intends to provide a platform to Indian startups to enable them to develop advanced technology for producing torrefied biomass pellets that are well-suited for decentralized small-scale users. ...

TBB BUREAU JAJPUR, APRIL 29, 2022 The domestic demand for stainless steel will grow more in the near future and the Indian manufacturers should augment their capabilities to supply the best-quality products, Union Steel Minister Ram Chandra Prasad Singh said on Friday. Singh made the comment during a visit to the plant of the Jindal Stainless Limited (JSL) in Jajpur ...

TBB BUREAU NEW DELHI, APRIL 29, 2022 Led by improved demand situation and effective capacity utilisation, Aditya Birla Group company UltraTech Cement has recorded 47.32 per cent rise in its consolidated net profit at Rs 2,613.75 crore for the fourth quarter ended March 2022 (Q4FY22) as against Rs 1,774.13 crore registered in the year-ago period, the company said in a ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 Magik, the LED lighting brand promoted by Century Ply and Star Cement, has undertaken an aggressive marketing plan aiming to be the market leader in the Smart and LED lighting category in Odisha by the end of the current financial year. Magik has a very strong distribution network in Odisha. Presently it is available ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 Soaring prices of raw materials, especially coking coal, are likely to increase the cost of production of domestic primary steel makers and reduce their operating by 500 basis points (bps) to 24-26% this fiscal, said a CRISIL Report. The potential for price hikes may be limited because of the low discount between domestic prices ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2022 National Bank for Agriculture and Rural Development (NABARD) has disbursed Rs 31,786 crore in Odisha during the financial year ended 31 March 2022, recording an increase of 40% over the preceding year 2020-21. The financial support comprised Rs 14,077 crore to banks for lending towards crop loans as well as term loans in the ...

TBB BUREAU LANJIGARH, APRIL 28, 2022 Vedanta Aluminium, India’s largest producer of aluminium, took trainee students of its Skill Training Program at Lanjigarh in Kalahandi district of Odisha on an immersion tour to experience the workings of the hospitality industry. 30 trainees visited the Amrapali Hotel in Bhawanipatna and got a never-seen-before orientation on the hospitality industry, tourism, food & ...

TBB BUREAU ANGUL/BHUBANESWAR, APRIL 28, 2022 Union Steel Minister Ram Chandra Prasad Singh on Thursday dedicated TMT Rebar Mill of Jindal Steel & Power (JSP) at its 6 MTPA (million tonne per annum) integrated steel complex at Angul. The 1.4 MTPA capacity TMT Rebar Mill is one of the world’s largest and most mdern Rebar Mill, and the only producer ...

TBB BUREAU MUMBAI, APRIL 28, 2022 ICICI Bank today announced that it has launched India’s first comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, including customers of other banks. The ecosystem has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to MSMEs, who are customers of other ...

TBB BUREAU MUMBAI, APRIL 28, 2022 Spice Money, India’s leading rural fintech that is revolutionising the way Bharat banks, today announced its partnership with Religare Broking Ltd. (RBL) to enable rural citizens to apply for the mega LIC IPO, a first-of-its-kind investment opportunity. Through this association, Religare Broking and Spice Money aim to provide rural citizens with equitable access to ...

TBB BUREAU BHUBANESWAR, APRIL 28, 2022 Domestic prices of aluminium, which surged to Rs 300 per kg in March 2022, are expected to gradually decline in the second half of this fiscal and average Rs 225-235 per kg for the whole fiscal, in sync with the global trend. Domestic prices are linked to three-month contracts on the London Metal Exchange ...

TBB BUREAU MUMBAI, APRIL 28, 2022 Vedanta Ltd on Thursday reported a 48 per cent increase in its “PAT before exceptional item and one-time tax credit” to Rs 7,570 crore for January-March (Q4FY22) quarter of FY 2021-22 as against Rs 5,105 crore in the year-ago period. The company reported the highest ever quarterly EBITDA of Rs 13,768 crore for the ...

TBB BUREAU KOIRA, APRIL 27, 2022 The public hearing for JSW subsidiary Bhushan Steel & Power Limited’s Netrabandha Iron Ore Mines was successfully organized at Baladihi village under KoiraTahsil of Sundergarh district on Wednesday. The public hearing was conducted as part of the statutory compliance for environmental clearance. Residents from periphery villages — Khajuridihi, Sonua, Boldihi and Patamunda of Netrabandha ...

TBB BUREAU NEW DELHI, APRIL 27, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has developed an Extended Reality (XR) experience zone to augment safety training for its employees and partners. The zone makes use of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) technologies to enable simulation-based training, thus ensuring an immersive, engaging and safe learning experience ...

TBB BUREAU BHUBANESWAR, APRIL 26, 2022 The Net Direct taxes collection touched Rs. 14,09,640.83 crorein Financial Year 2021-22 (FY22). Collection jumped 49.02 per cent over that of the previous fiscal (FY21), mainly due to a low base effect, informed Central Board of Direct Taxes (CBDT) Chairman J B Mohapatra at a press conference here today. In FY21, the net collection ...

TBB BUREAU RANCHI, APRIL 26, 2022 Highlighting that “Net Zero” would be possible only if Energy Trilemma (i.e Energy Security, Energy Sustainability & Energy Affordability) is considered in the sustainable coal equation, World Coal Association (WCA) CEO Michelle Manook said “Coal is a Strategic Asset, not a Stranded Asset.” Addressing a seminal on “Future of Coal”, organized by NTPC Coal ...

TBB BUREAU ABU DHABI/MUMBAI, APRIL 26, 2022 Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and Reliance Industries Limited (RIL) have signed the formal Shareholder Agreement for the TA’ZIZ EDC & PVC project. Reliance is India’s largest diversified conglomerate and a strategic partner with Abu Dhabi National Oil Company (ADNOC) and ADQ, an Abu Dhabi-based investment and holding company, in ...

TBB BUREAU NEW DELHI, APRIL 26, 2022 The ongoing merger process of Jindal Stainless Limited (JSL) and Jindal Stainless (Hisar) Limited (JSHL) has achieved another milestone as they convened meetings of their shareholders and creditors for approving the Scheme of Arrangement between the two companies. Notably, the scheme of merger was approved by an overwhelming majority, it said in a ...

by Arun Vasan, Alexandre Bueno and Aline Lemos Emerging economies, such as Brazil and India, have been the growth drivers for the world economy. The fintech sector is emerging strongly in both countries, and the successful combination of technology and entrepreneurship has been fundamental to address the increasing demand for financial inclusion and the modernization of the respective economies. Financial ...

TBB BUREAU NEW DELHI, APRIL 26, 2022 Indiastat on Monday released a book titled “Election Atlas of India” which presents year-wise comprehensive details on all Parliamentary elections from 1952 to 2019. It includes data updated till January 2022. Edited and published by Indiastat Co-Founder & Director R K Thukral, “Election Atlas of India” is a systematic and chronological presentation of ...

TBB BUREAU BENGALURU, APRIL 26, 2022 After two years of the pandemic, the last quarter (Q4FY22) proved to be exciting for job seekers as the markets finally opened up. As Indians gave more than 3 crore interviews in the last three months, a 13.71 percent jump in comparison to the previous quarter (October-December 21), apna.co, India’s largest jobs and professional ...

TBB BUREAU NEW DELHI, APRIL 26, 2022 India’s leading auto-tech company CarDekho has introduced Rupyy, a specialized FinTech platform, which offers a whole new world of financing options to automobile customersand retailers. Rupyy will enable customers to apply and get instant approval for all their auto financing requirements. CarDekho Financial Services business will be transformed and merged under this new ...

TBB BUREAU LANJIGARH, APRIL 25, 2022 Vedanta Limited, Lanjigarh unit, India’s premier producer of metallurgical grade alumina, has kick started a week-long health sensitization campaign for local communities on World Malaria Day. In line with the theme ‘harness innovation to reduce the malaria disease burden and save lives’, the company is reaching out to nearly 12,600 people residing in 28 ...

TBB BUREAU PARADIP, APRIL 25, 2022 Union Minister for Ports, Shipping and Waterways & AYUSH, Sarbananda Sonowal on Monday said that under the Maritime Vision-2030, the Paradip Port Authority (PPA) will become a mega port. “For this, employees, stakeholders like exporters and importers will have to play a crucial role,” he said. The Union Minister said that Paradip is going ...

TBB BUREAU GURUGRAM, APRIL 25, 2022 Welcoming customers to the birthplace of H’ness CB350 and CB350RS, Honda Motorcycle and Scooter India organized first of its kind customer appreciation event at their Global Resource Factory in Manesar (Haryana), “Honda Homecoming Fest” celebrating H’ness CB350’s first anniversary. Drawn from the legacy of Global Honda Homecoming event conducted in Kumamoto Factory (Japan), the ...

TBB BUREAU BHUBANESWAR, APRIL 25, 2022 Rights issue of Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands in the country, is open for subscription for its shareholders. The issue which opened on Monday, will close on May 10, 2022. Company is raising Rs. 441 crores through the rights issue to fund its Mega ...

TBB BUREAU PARADIP, APRIL 25, 2022 Union Minister for Ports, Shipping and Waterways & AYUSH, Sarbananda Sonowal, on Monday inaugurated the newly-developed as well as Odisha’s first ever riverine jetty at the port city of Paradip, in presence of Odisha Minister for Commerce & Transport, Planning & Convergence Padmanabha Behera, Water Resources and I&PR Minister Raghunandan Das and Paradip MLA ...

TBB BUREAU NEW DELHI, PRIL 25, 2022 To ensure swift supply of coal across power plants, additional trains and rakes by Indian Railway have been initiated to augment transportation of coal through its network. Indian Railways has ramped up the coal transportation resulting in 32 per cent more coal freight loading between September 2021 and March 2022. There has also ...