The Business Bytes

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): Who would have thought that metals and minerals could bring a chuckle? In a departure from the usual stoic Business-to-Business (B2B) approach, Vedanta Aluminium, India’s leading aluminium producer, has kicked off an amusing social media campaign dubbed ComicAL. This initiative ingeniously showcases the diverse capabilities of aluminium, often hailed as the ‘Metal of ...

Ahmedabad, April 30, 2024 (TBB Bureau):  Adani Total Gas Ltd (ATGL) on Tuesday announced robust financial results for FY24, with significant growth across key metrics. The company reported an EBITDA of Rs 1,150 crore, marking a remarkable surge of 27% year-on-year. Consolidated profit after tax (PAT) stood at Rs 668 crore, reflecting a substantial increase of 22% compared to 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 30, 2024 (TBB Bureau): NHPC Limited, India’s foremost entity in hydropower development, has forged a strategic alliance with M/s Ocean Sun, a pioneering Norwegian firm specializing in floating solar technology. Under the Memorandum of Understanding (MoU) inked between the two entities, NHPC and Ocean Sun are set to collaborate on the deployment and demonstration of Ocean Sun’s ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Aryan Agarwal, a student enrolled in the International Baccalaureate Diploma Programme (IBDP) at KiiT International School here, has made a significant mark by participating in The Diamond Challenge Summit held in the USA this month. This summit is renowned as the largest entrepreneurship challenge for high school students globally, drawing participants from various corners ...

Belpahar, April 29, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest producer of aluminium, has embarked on the latest phase of its innovative Project Panchhi initiative at Lakhanpur, Belpahar, in Jharsuguda district. Spearheaded under the visionary guidance of Vedanta Group Chairman, Anil Agarwal, Project Panchhi represents a pioneering corporate endeavor aimed at empowering 1,000 girls from economically marginalized communities across India ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Amidst the approaching peak summer season, Tata Power Central Odisha Distribution Limited (TPCODL) underscores the importance of responsible electricity usage. With heightened power demand looming, TPCODL acknowledges the potential risks of disruptions like fuse blowouts, cable failures, and transformer overloads, which inconvenience consumers across the board. These challenges are exacerbated by unauthorized hooking onto ...

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 ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Hindalco, a part of the Aditya Birla Group, has initiated the “GYANARJAN Project” in Odisha, operated by Hirakud, to empower students in challenging subjects like science, math, and English. The goal is to prepare them for entrance exams to esteemed professional institutions, enabling access to quality education. In collaboration with ALOK of Burla, the ...