The Business Bytes

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 13, 2024 (TBB Bureau): TP Central Odisha Distribution Limited (TPCODL), a collaboration between Tata Power and the Government of Odisha, successfully organized a Total Quality Management (TQM) Workshop at the Management Development Centre in Bhubaneswar on May 29, 2024. TQM encompasses systematic activities undertaken by organizations to achieve objectives effectively and efficiently, ensuring that products and services meet ...

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 ...

Mumbai, June 12, 2024 (TBB Bureau):  Benchmark equity indices closed higher on Wednesday, with the Nifty reaching a new record closing level. This rise was primarily driven by buying in power, capital goods, and industrial stocks, supported by a generally positive trend in global equities. Select index-heavyweight counters such as HDFC Bank and Reliance Industries also contributed to the positive ...

Bangalore, June 11, 2024 (TBB Bureau):  Acer, one of the leading brands in the PC industry, today launched the ALG Gaming Laptop. Powered by 12th Gen Intel Core i5 Processors and NVIDIA GeForce RTX, this gaming laptop offers users 4GB GDDR6 video RAM for the 2050 graphics and 6GB GDDR6 video RAM for the 3050 graphics, ensuring unparalleled visual performance. ...

Bhadrak, June 11, 2024 (TBB Bureau): In a landmark move towards fostering inclusivity and diversity in the workplace, Ferro Alloys Corporation Ltd. (FACOR), a leading player in the ferro alloys industry, has committed to actively hiring talented transgender individuals. With support from senior management and members of the National Council for Transgender Persons and the Transgender Welfare Board, FACOR has ...

Paradip, June 11, 2024 (TBB Bureau): Paradip Port Authority (PPA) on Tuesday marked a significant milestone with the inauguration of the last leg of the four-lane road connectivity from the National Highway and State Highway to the port township. The new road, inaugurated by PPA Chairman PL Haranadh, promises to alleviate traffic congestion and enhance emergency evacuation capabilities in the ...

Bhubaneswar, June 11, 2024 (TBB Bureau): Sabine Hospital and Research Centre has secured $50 million in funding from CX Partners, a private equity fund specializing in the Indian mid-market, known for its strong track record of delivering returns through market cycles, alongside a consortium of investors. Dr. Sivadasan Sabine, Founder and Chairman of Sabine Hospital & Research Centre, shared details ...

Mumbai, June 11, 2024 (TBB Bureau): Bank of Baroda (Bank), one of India’s leading public sector banks, has announced the launch of a nationwide online hackathon on Generative Artificial Intelligence (GenAI), in collaboration with Microsoft. The hackathon aims to inspire participants to develop innovative solutions using GenAI technology to address specific business areas defined by the Bank. The top three ...