New Delhi, June 20, 2024 (TBB Bureau): Union Minister for Coal and Mines, G. Kishan Reddy, on Thursday convened a high-level meeting with key officials of the Coal Ministry to conduct a comprehensive review of the management of captive and commercial coal blocks. Emphasizing the paramount importance of collaborative efforts, Minister Reddy underscored the need for close coordination with all ...

Mumbai, June 19, 2024 (TBB Bureau): Blue Dart, South Asia’s leading courier and integrated express package distribution company, has successfully launched drone deliveries in collaboration with Skye Air, a leader in drone technology. This move marks a significant advancement towards cleaner and more efficient delivery solutions. Building on their pioneering VLOS trials in Vikarabad, Hyderabad, in September 2021, and BVLOS ...

BHUBANESWAR, JUNE 16, 2024 (TBB BUREAU): Union Minister of State for Fisheries, Animal Husbandry & Dairying and Panchayati Raj, SP Singh Baghel, undertook a comprehensive review of freshwater aquaculture research initiatives at the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA), here on Sunday. During his visit, Minister Baghel planted a tree sapling on the institute premises and conducted a thorough inspection ...

SAMBALPUR, JUNE 16, 2024 (TBB BUREAU): Union Education Minister and Sambalpur MP Dharmendra Pradhan announced on Sunday an ambitious initiative to transform Sambalpur into a dynamic hub of development, promising significant advancements in infrastructure and essential services. Following a meeting with district administrative officials, Minister Pradhan highlighted the BJP government’s dedication to enhancing Sambalpur’s status through a detailed long-term master ...

NEW DELHI, JUNE 14, 2024 (TBB BUREAU): Despite a widening trade deficit reaching a seven-month peak of USD 23.78 billion in May, India’s merchandise exports demonstrated resilience, marking a significant 9.1% increase to USD 38.13 billion, as per official government data. This robust export performance was underpinned by notable growth across key sectors such as engineering, electronics, pharmaceuticals, textiles, and ...

MUMBAI, JUNE 14, 2024 (TBB BUREAU):  The Sensex and Nifty, leading benchmarks in equity indices, surged to fresh closing lifetime highs fueled by robust buying in blue-chip giants like HDFC Bank, Reliance Industries, and Mahindra & Mahindra, buoyed further by positive export figures. The market witnessed a steady uptick for the third consecutive session, with the 30-share BSE Sensex scaling ...

Bhubaneswar, June 12, 2024 (TBB Bureau):  Four-time MLA and tribal leader from Keonjhar district, Mohan Charan Majhi, was sworn in as the first BJP Chief Minister of Odisha on Wednesday. The ceremony, held at Janata Maidan, was attended by Prime Minister Narendra Modi, several Union ministers, and chief ministers. Senior BJP leader and Patnagarh MLA KV Singh Deo, along with ...

New Delhi, June 11, 2024 (TBB Bureau): Ashwini Vaishnaw assumed charge as the Union Minister for Information and Broadcasting on Tuesday, underscoring the government’s commitment to uplifting the poor. In his address to the media, Vaishnaw emphasized that the administration led by Prime Minister Narendra Modi remains dedicated to improving the lives of underprivileged citizens. Highlighting the Cabinet’s recent decision, ...

New Delhi, June 11, 2024 (TBB Bureau): Union Minister Sarbananda Sonowal, newly appointed to the Ministry of Ports, Shipping & Waterways (MoPSW), affirmed his commitment to advancing the maritime sector’s development in alignment with the Maritime Amrit Kaal Vision 2047. Taking charge on Monday in New Delhi, Minister Sonowal addressed office bearers and staff, instilling confidence in the team to ...

New Delhi. June 9, 2024 (TBB Bureau):  Prime Minister Narendra Modi embarked on his historic third term in office, as he took the solemn oath of office and secrecy on Sunday. The august ceremony, held at the majestic Rashtrapati Bhavan, unfolded amidst a kaleidoscope of colours and resonated with the dignified presence of distinguished guests from across the globe. With ...

New Delhi, June 6, 2024 (TBB Bureau):  The first meeting of the Joint Task Force on Investment (JTFI) between India and Qatar was held here on Thursday, marking a significant step forward in enhancing the economic partnership between the two nations. The meeting, co-chaired by Ajay Seth, Secretary of the Department of Economic Affairs, Ministry of Finance, and Mohamed bin ...

NEW DELHI, MAY 28, 2024 (TBB BUREAU): In a significant move aimed at empowering individuals and fostering sustainable economic growth, the National Skill Development Corporation (NSDC) under the Ministry of Skill Development & Entrepreneurship (MSDE) and the International Labour Organization (ILO) have forged a strategic partnership. The collaboration, announced today, is poised to advance skill development and lifelong learning not ...

ROTTERDAM, MAY 16, 2024 (TBB BUREAU): Addressing the prestigious World Hydrogen Summit 2024 in Rotterdam, Netherlands, on May 15, 2024, Secretary of the Ministry of New & Renewable Energy, Government of India,Bhupinder Singh Bhalla, showcased India’s strategic vision and capabilities in renewable energy and green hydrogen production. Highlighting India’s comprehensive approach, Secretary Bhalla emphasized the National Green Hydrogen Mission’s pivotal ...

New Delhi, May 09, 2024 (TBB Bureau): India’s Technical Textiles market has a huge potential backed by a significant growth rate of 10% and placement as the 5th largest technical textiles market in the world, said Rachna Shah, Secretary, Ministry of Textiles while addressing a  national symposium on “Advancements in Composites, Speciality Fibres and Chemicals” in New Delhi on Thursday. ...

New Delhi, May 09, 2024 (TBB Bureau): Indian Renewable Energy Development Agency Ltd. (IREDA) has made a significant stride in its commitment to fostering green financing with the incorporation of a wholly owned subsidiary in the International Financial Services Centre (IFSC) situated in Gujarat International Finance Tec-City (GIFT City), Gujarat. Named “IREDA Global Green Energy Finance IFSC Limited,” the subsidiary ...

New Delhi, May 08, 2024 (TBB Bureau): Representatives from 26 states convened in a pivotal meeting aimed at creating a State Mining Index, a groundbreaking tool designed to illuminate key aspects of the mining sector’s operational landscape within each state. The meeting, held on Wednesday, served as a platform for stakeholders to delve into the intricacies of fostering an environment ...

New Delhi, May 08, 2024 (TBB Bureau): Indian Coast Guard (ICG) and Jindal Steel & Power (JSP)forged a significant partnership on May 7, 2024, in New Delhi with the signing of a Memorandum of Understanding (MoU). This landmark agreement aims to bolster the supply of indigenous marine-grade steel, a move geared towards elevating the indigenous content in shipbuilding endeavors. Under ...

New Delhi, May 02, 2024 (TBB Bureau): The latest data released by the Indian Bureau of Mines (IBM) reveals a significant uptick in the index of mineral production for the mining and quarrying sector in February 2024. Compared to the same period last year, the index stands at 139.6, marking an impressive 8 per cent increase. This surge underscores the ...

New Delhi, May 02, 2024 (TBB Bureau): India’s coal production for April 2024 has surged to 78.69 million metric tonnes (MT) (Provisional), marking a significant growth rate of 7.41 per cent compared to the corresponding period in the previous year, which stood at 73.26 MT. This robust growth in coal production underscores the nation’s continued efforts to meet its energy ...

New Delhi, May 02, 2024 (TBB Bureau): During the recent visit of India’s Commerce Secretary Sunil Barthwal to New Zealand on April 26-27, both nations engaged in discussions aimed at enhancing collaboration in various sectors to bolster bilateral trade ties. The talks centered around fostering cooperation in areas such as pharmaceuticals, digital trade, and cross-border payment systems, reflecting a mutual ...

New Delhi, May 01, 2024 (TBB Bureau):  Union Finance Minister Nirmala Sitharaman on Wednesday announced that India’s gross GST revenue collection for April this year surged to an all-time high of Rs 2.10 lakh crore. This marks a significant 12.4% year-on-year growth, propelled by robust increases in both domestic transactions, up 13.4%, and imports, up 8.3%. After accounting for refunds, ...

New Delhi, April 30, 2024 (TBB Bureau): Invest India underscored on Tuesday the substantial business prospects for critical mineral processing within the nation to overseas investors, elucidating the fiscal and non-fiscal perks extended to propel advancement in this burgeoning domain. On the conclding day of the critical minerals summit, primary mining states like Odisha and Andhra Pradesh also divulged the ...

New Delhi, April 30, 2024 (TBB Bureau):  REC, a leading government-owned financial institution, announced a robust 34% increase in net profit for the January-March quarter of the fiscal year 2023-24. The company’s net profit soared to Rs 4,016 crore, compared to Rs 3,001 crore during the same period in the previous year. The revenue from operations also witnessed a substantial ...

New Delhi, April 29, 2024 (TBB Bureau):  The Union government is set to auction approximately 20 critical mineral blocks in the fourth round of auctions by the end of June, announced Mines Secretary V L Kantha Rao on Monday. Rao mentioned that the auction process for seven critical mineral blocks, initially put up for sale in the first round, is ...

New Delhi, April 29, 2024 (TBB Bureau): The Union Finance Ministry on Monday unveiled plans to issue Government bonds worth Rs 28,000 crore slated for May 3, split into three tranches to be auctioned through a price-based method using the multiple price approach. The initial lot encompasses “7.33 per cent Government Security 2026” valued at Rs 6,000 crore. Following suit, ...

New Delhi, April 28, 2024 TBB Bureau):  The Ministry of Mines, in collaboration with the Shakti Sustainable Energy Foundation (Shakti), Council on Energy, Environment and Water (CEEW), and Indian Institute of Sustainable Development (IISD), is gearing up to host the “Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities” from April 29th to April 30th, 2024. The summit, to be held ...

BHUBANESWAR, APRIL 27, 2024 (TBB BUREAU): As the Lok Sabha elections draw near, the electorate of Sambalpur finds itself at a crossroads, evaluating a blend of local loyalty, a candidate’s proven track record, and a vision for regional advancement intertwined with influential national connections. Recent surveys indicate Union Minister Dharmendra Pradhan as the frontrunner, buoyed by his substantial achievements during ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU): “Pension Portals of all Pension Disbursing Banks to be integrated in the Integrated Pensioners’ Portal of Department of Pension & Pensioners’ Welfare to ensure Ease of Living of Pensioners” said V Shrinivas, Secretary (P&PW) while addressing the launch ceremony of the Integrated Pensioners’ Portal of Bank of India on Friday. Shrinivas emphasized the ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU):  The Union government has greenlit the export of 99,150 metric tons of onions to six neighboring countries: Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision comes amidst concerns over lower Kharif and Rabi crop yields in 2023-24 compared to previous years and rising international demand. To ensure ample domestic supply, onion ...

NEW DELHI, APRIL 26, 2024 (TBB BUREAU):   The Ministry of Ports, Shipping and Waterways (MoPSW) is actively pursuing the establishment of a dedicated Maritime Development Fund, similar to sectoral financial institutions such as Power Finance Corporation, REC, and IRFC, confirmed a senior ministry official. R Lakshmanan, Joint Secretary of MoPSW, stated that the proposed fund aims to address the unique ...

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): The Union Finance Ministry on Monday revealed plans for the sale of government bonds totaling Rs 32,000 crore, slated for Friday, April 26, 2024. Divided into two categories, the first offering comprises “7.1 per cent Government Security 2034” valued at Rs 20,000 crore, while the second includes “7.46 per cent Government Security 2073” ...

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): In a bid to comprehensively understand the evolving landscape of Artificial Intelligence (AI) and its implications on competition, the Competition Commission of India (CCI) has announced the initiation of a Market Study. This pioneering endeavour aims to delve deep into the transformative potential of AI while addressing pertinent competition concerns arising from its ...

NEW DELHI, APRIL 21, 2024 (TBB BUREAU): India’s net direct tax collections for the fiscal year ended March 31, 2024 witnessed a substantial surge, recording a remarkable 17.7 per cent increase to reach Rs 19.58 lakh crore, announced the tax department on Sunday. The net collections of income and corporate taxes, which constitute the majority of direct taxes, surpassed both ...

NEW DELHI, APRIL 20, 2024 (TBB BUREAU): According to provisional payroll data released by the Employees’ Provident Fund Organisation (EPFO) on April 20, 2024, the organisation has witnessed a substantial increase of 15.48 lakh net members in the month of February 2024. The data further highlights that approximately 7.78 lakh new members were enrolled during February 2024. Notably, a significant ...

NEW DELHI, APRIL 19, 2024 (TBB BUREAU): In anticipation of heightened travel demand during the summer months, Indian Railways is gearing up to operate a record-breaking 9111 trips, showcasing its commitment to meeting passenger needs effectively. This substantial increase from the 6369 trips offered during the summer of 2023 demonstrates Indian Railways’ dedication to ensuring passenger convenience and seamless travel ...

NEW DELHI, APRIL 18, 2024 (TBB BUREAU):  In a resounding achievement for India’s defence capabilities, the Defence Research and Development Organisation (DRDO) has conducted a highly successful flight-test of the Indigenous Technology Cruise Missile (ITCM) from the Integrated Test Range (ITR), Chandipur, off the coast of Odisha. During the meticulously orchestrated test, all subsystems of the missile performed impeccably, meeting ...

NEW DELHI, APRIL 15, 2024 (TBB BUREAU): Wholesale inflation in the country surged to a three-month high of 0.53 per cent in March, up from 0.20% in the previous month, driven by increases in vegetable, potato, onion, and crude oil prices. The Wholesale Price Index (WPI)-based inflation had been in negative territory from April to October before turning positive in ...

NEW DELHI, APRIL 14, 2024 (TBB BUREAU):  In a significant stride towards bolstering India’s defense capabilities, the Defence Research & Development Organisation (DRDO) has achieved a milestone with the successful field evaluation of the Man Portable Anti-tank Guided Missile (MPATGM) Weapon System. Designed and developed indigenously, the MPATGM system underwent rigorous testing in various flight configurations, demonstrating its technological prowess ...

JAIPUR, APRIL 12, 2024 (TBB BUREAU): The Gem Jewellery Export Promotion Council (GJEPC) is hosting the third edition of the International Gem & Jewellery Show (IGJS) in Jaipur from April 12-14, drawing the participation of 250 buyers from 27 countries. Buyers from diverse nations including Algeria, Argentina, Australia, Brazil, Canada, Egypt, Greece, Iran, Italy, Jordan, Kazakhstan, Kenya, Lebanon, Mexico, Russia, ...

NEW DELHI, APRIL 12, 2024 (TBB BUREAU): India’s industrial output witnessed a notable acceleration in February, recording a growth rate of 5.7%, as per data released by the Ministry of Statistics on Friday. This upturn comes after a slight slowdown to 3.8 per cent in January. The manufacturing sector, a significant source of employment for young engineers and graduates, spearheaded ...

MUMBAI, APRIL 09, 2024 (TBB BUREAU): On Tuesday, benchmark equity indices soared to unprecedented heights, with the Sensex crossing the historic 75,000-mark for the first time intraday. However, the session ended with a slight downturn due to profit-booking at higher levels. The 30-share BSE Sensex experienced a marginal decline of 58.80 points, settling at 74,683.70 after reaching a record peak ...

New Delhi, April 1, 2024 (TBB Bureau): The Finance Ministry on Monday said that GST collections for March soared to Rs 1.78 lakh crore, marking an impressive 11.5 percent growth driven by robust domestic transactions. For the fiscal year spanning from April 2023 to March 2024 (FY24), gross GST collection reached a commendable Rs 20.18 lakh crore, reflecting a notable ...

TBB BUREAU NEW DELHI, MAR 31, 2024 In a landmark initiative aimed at safeguarding and enhancing India’s cultural legacy, the Sabhyata Foundation has been entrusted with the stewardship of four of the country’s most iconic monuments as part of the visionary “Adopt a Heritage 2.0” project initiated by the Ministry of Culture and the Archaeological Survey of India (ASI). This ...

TBB BUREAU NEW DELHI, MAR 5, 2024 India’s coal production witnessed a substantial growth of 11.83 per cent in February, reaching 96.60 million tonnes compared to 86.38 MT during the same period last year, as per data released by the Coal Ministry on Tuesday. The output from the public sector powerhouse, Coal India Limited (CIL), surged by 8.69 per cent ...

SANT Shiromani Acharya Shri Vidhyasagar Ji Maharaj Ji attained Samadhi and left us all saddened. His life is a spiritually rich epoch graced with profound wisdom, boundless compassion and an unwavering commitment to uplift humanity. I have had the honour of receiving his blessings on numerous occasions. Thus, I feel a deep sense of loss, akin to losing a guiding ...

TBB BUREAU NEW DELHI, FEB 15, 2024 The Ministry of Ports, Shipping, and Waterways (MoPSW) is set to organize a Stakeholders Meet for the Implementation of Memorandums of Understanding (MoUs) signed during the Global Maritime India Summit 2023 (GMIS 2023), scheduled to take place tomorrow. The event aims to accelerate the conversion of MoUs signed at GMIS 2023 into actionable ...

TBB BUREAU NEW DELHI, FEB 13, 2024 Vedanta Aluminium, India’s leading producer of aluminium, has unveiled Vedanta Metal Bazaar, an innovative e-superstore set to revolutionize the primary aluminium market in India. With over 750 product variants available at launch, the platform promises unparalleled convenience and value through AI-based price discovery, catering to the diverse needs of customers in key sectors ...

TBB BUREAU BHUBANESWAR/NEW DELHI, FEB 8, 2024 In preparation for the highly anticipated inaugural auction of Critical and Strategic Minerals, spearheaded by Union Coal and Mines Minister Pralhad Joshi on November 29, 2023, the Mines Ministry orchestrated a strategic roadshow in Bhubaneswar on Wednesday to engage with potential bidders from the region. The objective of the roadshow was to provide ...

TBB BUREAU NEW DELHI, JAN 31, 2024 Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, is set to unveil two cutting-edge digital modules, the Maritime Single Window (MSW) and the Mercantile Maritime Department (MMD), on the Sagar Setu (NLP-M) platform. The launch ceremony, scheduled for tomorrow, marks a significant leap towards a modern and streamlined maritime landscape in India. ...

TBB BUREAU NEW DELHI, DEC 21, 2023 The Union Ministry of Mines on Thursday said that it will be conducting a pre-bid conference for the first tranche of auction of critical and strategic minerals on Friday at Dr. Ambedkar International Centre here in hybrid mode. The Ministry of Mines launched the first tranche auction of 20 critical and strategic mineral ...