The Business Bytes

Bhubaneswar, May 02, 2024 (TBB Bureau): In a momentous recognition of their triumph in the Indian Women’s League (IWL) 2023-24 season, Odisha FC has received a congratulatory missive from FIFA. The message, penned by FIFA President Gianni Infantino, was directed to Kalyan Chaubey, President of the All India Football Federation (AIFF). The commendation from FIFA arrives in the wake of ...

Mumbai, May 02, 2024 (TBB Bureau): Renowned actor Manoj Bajpayee has teamed up with Nand Ghar, a transformative initiative aimed at revolutionizing 14 lakh anganwadis across India, in unveiling a national movement titled “Agar Bachpan Se Poocha Khaana Khaya, Toh Desh Ka Kal Banaya” (If asked as a child, did you eat? Then you shaped the future of the nation). ...

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 ...

Jharsuguda, May 02, 2024 (TBB Bureau): The Jharsuguda operations of Vedanta Aluminium, India’s largest producer of aluminium, has been recognized as the highest revenue generator for Indian Railways in the Sambalpur Division. The accolade was bestowed upon the company during a ceremony held at its Jharsuguda plant, where Tushar Kant Pandey, Divisional Railways Manager of Sambalpur Division, along with Tanmay ...

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 02, 2024 (TBB Bueau):  In a testament to its intellectual prowess and strategic acumen, energy major NTPC has emerged victorious at the prestigious SCOPE Business Quiz Bonanza (SBQB), held recently at the SCOPE Convention Centre. The triumph unfolded amidst the grandeur of the Public Sector Day celebrations, showcasing NTPC’s unwavering commitment to excellence. The winning NTPC team, ...

New Delhi, May 01, 2024 (TBB Bureau):  Adani Power on Wednesday announced impressive growth figures for FY24, with a 37% increase in revenue, reaching Rs 50,960 crore. Their continuing EBITDA more than doubled to Rs 18,789 crore. The company also reported a significant surge in consolidated profit before tax (PBT), which more than doubled to Rs 20,792 crore compared to ...

New Delhi, May 01, 2024 (TBB Bureau):  In a significant move towards social empowerment, the Dalmia Bharat Foundation (DBF), the corporate social responsibility arm of Dalmia Bharat Ltd. (DBL), has teamed up with Karur Vysya Bank (KVB) to sign a Memorandum of Understanding (MoU). The primary objective of this collaboration is to empower rural youth through skill development initiatives. The ...

New Delhi, May 01, 2024 (TBB Bureau):  In a bold move set to redefine the stainless steel landscape, Jindal Stainless, India’s premier stainless steel manufacturer, unveiled ambitious expansion and acquisition plans aimed at catapulting the company to global leadership status. With a strategic investment strategy totaling nearly Rs 5,400 crore, Jindal Stainless is poised to significantly enhance its melting and ...

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, ...