The Business Bytes

Bhubaneswar, July 12, 2024: TiE Bhubaneswar orchestrated a pivotal event themed “Fostering a Thriving Entrepreneurial Ecosystem” on Friday, aiming to bolster Odisha’s business landscape. This gathering brought together government officials, industry leaders, and aspiring entrepreneurs to strategize on strengthening support structures for new ventures in the region. Murali Bukkapatnam, Vice Chair of the TiE Global Board of Trustees, delivered an ...

New Delhi, July 12, 2024 (TBB Bureau): India’s consumer price inflation rose to 5.08 percent in June compared to the same month last year, driven by higher prices of vegetables and pulses, according to data released by the Ministry of Statistics on Friday. Vegetable prices surged by 29.32 percent due to a severe heat wave in northern states impacting production, ...

Burla, July 12, 2024 (TBB Bureau): The Odisha Electricity Regulatory Commission (OERC) has issued an order on July 2, 2024, vide Ref No. OERC/Engg.-2/2006/701, waiving the requirement of a pre-installation technical feasibility study by discoms for rooftop solar systems up to 10KW. This order streamlines the process for consumers applying for rooftop solar systems under various government programs. Previously, discom ...

Bhubaneswar, July 12, 2024 (TBB Bureau):  Tata Power-led power distribution companies (Discoms) have significantly bolstered Odisha’s power infrastructure, with an investment of Rs 4,245 crore in infrastructure expansion and network upgrades over the past 3-4 years, the company announced on Friday. The company operates four Discoms in joint ventures with the government of Odisha: TP Central Odisha Distribution (TPCODL), TP ...

Sambalpur, July 12, 2024 (TBB Bureau): In a pioneering move aimed at revitalizing local businesses while preserving cultural heritage, IIM Sambalpur has launched the second edition of its 12-day weekend certificate program, titled the ‘Small Business Management Training Programme.’ This initiative, organized in collaboration with SIDBI and conducted under the Centre for Responsible Business, targets Master Weavers from Western Odisha. ...

Berhampur, July 12, 2024 (TBB Bureau): Tata Power Southern Odisha Distribution Limited (TPSODL) has recently inaugurated a new office building for the Kalimela Section under the Malkangiri Division, aiming to enhance both employee working conditions and consumer services. The inauguration, a noteworthy event, saw the presence of Malkangiri Executive Engineer Asis Kumar Jena and SDO Karthik Chandra Das, along with ...

New Delhi, July 12, 2024 (TBB Bureau):  Indian Railways has achieved a significant milestone in coal transportation, marking a record increase in coal loading during the financial year 2023-24. According to data released by the Ministry of Railways, coal loading surged to 787.58 million tons, up from 727.98 million tons in the previous fiscal year 2022-23, registering a substantial rise ...

Puri, July 12, 2024 (TBB Bureau): The annual Rath Yatra festival in Puri has taken on a new dimension this year with the introduction of the ‘Sunfeast Surjyalay’ experience zone by Sunfeast Marie Light. Dedicated to celebrating the cultural extravaganza and the symbolic significance of the sun, the zone offers devotees a unique opportunity to engage deeply with the festival. ...

Bhubaneswar, July 11, 2024 (TBB Bureau): The global community on Wednesday marked ‘World Population Day,’ a day dedicated to addressing crucial issues surrounding family planning and population management. In Odisha, the occasion was observed with a renewed commitment to safeguarding reproductive rights and empowering women of reproductive age. Dr. Jitendra Mohan Bebortha, Special Secretary – PH, Health & FW, Govt. ...

New Delhi, July 11, 2024 (TBB Bureau): Government e-Marketplace (GeM) has reported a substantial growth with a gross merchandise value (GMV) of Rs 1.25 lakh crore in the first quarter (April-June) of the financial year 2024-25, marking a remarkable 136% increase from last year’s Rs 52,670 crore in the same quarter. The services segment emerged as the key driver, achieving ...