The Business Bytes

New Delhi, July 11, 2024 (TBB Bureau):  Vedanta Aluminium, India’s largest producer of aluminium, has announced a significant expansion of its electric lithium-ion forklift fleet to 66 units, further cementing its position as the largest operator of such forklifts in the country. This strategic move underscores the company’s dedication to sustainable practices and its ongoing decarbonization journey. In a recent ...

New Delhi, July 11, 2024 (TBB Bureau):  The Exploration and Production (E&P) sector presents investment opportunities worth 100 billion USD by 2030, announced Hardeep Singh Puri, Minister of Petroleum & Natural Gas, during his address at the inaugural session of the first edition of Urja Varta. Emphasizing the sector’s role in achieving energy self-sufficiency and fostering economic growth, the Minister ...

Bhubaneswar, July 11, 2024 (TBB Bureau): MedGenome, a leading global genomics-driven diagnostics and research services company, has announced the acquisition of a stake in GenX Diagnostics, a prominent diagnostic lab chain in Odisha. Founded in 2017, GenX Diagnostics has established a strong regional presence with seven diagnostic centers and 60 collection centers across the state, including a flagship laboratory in ...

Mumbai, July 11, 2024 (TBB Bureau): Tata Consultancy Services (TCS), India’s leading IT software services exporter, reported a 9 per cent rise in net profit to Rs 12,040 crore for the first quarter of the fiscal year 2024-25, compared to the same period last year. The company’s board approved an interim dividend of Rs 10 per share for the quarter, ...

New Delhi, July 11, 2024 (TBB Bureau): Punjab National Bank (PNB), the nation’s leading public sector bank, has signed a Memorandum of Understanding (MoU) with the Steel Authority of India Limited (SAIL) to provide Home Loans, Car Loans, and Education Loans to SAIL employees at concessional rates and with attractive features. This strategic partnership aims to enhance the financial well-being ...

New Delhi, July 11, 2024 (TBB Bureau): Optimum Nutrition, the world’s #1 sports nutrition brand, is thrilled to announce a partnership with double Olympic medallist PV Sindhu. This collaboration marks a significant milestone in Optimum Nutrition’s journey to encourage more women to achieve excellence in sports and fitness. Optimum Nutrition is part of Glanbia Performance Nutrition (GPN), a company renowned ...

Bhubaneswar, July 11, 2024 (TBB Bureau): For years, Aashirvaad Atta, has been a cherished part of this iconic regional festival. Continuing its journey, this year, Aashirvaad Atta presents an innovative campaign titled ‘Ratha Yatra Eka Aithiya’ — which translates to ‘Rath Yatra: An Eternal Journey.’ Pulling the chariot during the Puri Rath Yatra is a divine ritual, believed to bring ...

Puri, July 11, 2024 (TBB Bureau):  A unique art installation of an Olive Ridley Turtle at Puri Beach in Odisha is drawing thousands of visitors during the world-famous Rath Yatra. Created by artist and creative visualizer Kirti Maharana, the 30-foot long, 12-foot high, and 20-foot wide installation, made of fiberglass, shines a spotlight on the endangered Olive Ridley turtles, which ...

Bhubaneswar, July 10, 2024 (TBB Bureau): The Kalinga Institute of Social Sciences (KISS), Bhubaneswar, signed a Memorandum of Understanding (MoU) with Armoured Vehicles Nigam Limited (AVNL) on Wednesday. The MoU was signed by Biswaranjan Pattanaik, Director of HR, on behalf of AVNL, and Prashanta Kumar Routray, Registrar of KISS-DU, on behalf of KISS, in the presence of Achyuta Samanta, Founder ...

PARADIP, JULY 10, 2024 (TBB BUREAU): Paradip Port Authority (PPA) has marked a momentous achievement, clocking an unprecedented 41.12 million metric tons (MMT) of cargo handling within the first 100 days of the fiscal year 2024-25. This remarkable performance sets a new record in the port’s history, demonstrating a 4.78 per cent growth compared to the 39.25 MMT achieved during ...