The Business Bytes

TBB BUREAU SHILLONG, NOV 16, 2023 The tradition of celebrating cherry blossom festivals or Hanami started in Japan centuries ago, dating back over a thousand years to the Nara Period (710-794) when cherry blossoms became an important symbol in Japanese culture. Initially, Hanami was practised by the imperial court and the aristocracy, who would gather to appreciate the cherry blossoms’ ...

TBB BUREAU RANCHI, NOV 16, 2023 NTPC Coal Mining Headquarters, Ranchi showcased its achievements, future plans and information about the company at an exhibition in Khunti, the sacred land of Dharti Aaba Bhagwan Birsa Munda, on the occasion of his birth anniversary held on Wednesday. The stall was prepared by the Coal Mining Headquarters, highlighting the achievements of NTPC in ...

TBB BUREAU JODA/BARBIL, NOV 15, 2023 The statue of freedom fighter and legendary reformist tribal leader Bhagawan Birsa Munda was inaugurated at the Kalapahada Chowk of Joda Municipality, here on Wednesday as a part of the grand Janajatiya Gaurav Diwas celebration. The 7-feet tall statue, installed by Jindal Steel & Power (JSP),  has been crafted from a single piece black ...

TBB BUREAU NEW DELHI, NOV 15, 2023 India’s largest producer of aluminium, Vedanta Aluminium, has dispatched its first domestic supply of Restora, the nation’s first-ever low-carbon ‘green’ aluminium, to Telangana-based leading aluminium extrusion company Global Aluminium Pvt. Ltd. As part of the order, the company will supply 300 metric tons of Restora Billets to Global Aluminium, making it the first ...

TBB BUREAU NEW DELHI, NOV 15, 2023 The Ministry of Mines has decided to promote Research and Innovation in Start-ups and MSMEs and has brought out guidelines for “Promotion of Research and Innovation in Start-ups and MSMEs in mining, mineral processing, metallurgy and recycling sector (S&T-PRISM)”.  Jawaharlal Nehru Aluminium Research Development and Design Center, Nagpur, an autonomous body under the ...

TBB BUREAU BHUBANESWAR, NOV 14, 2023 Stainless steel producer Jindal Stainless on Monday said Crisil Ratings has upgraded its rating to stable. Crisil Ratings upgraded the company’s rating to stable from positive, the company said. “Long-term bank facilities and debt programme of Jindal Stainless Ltd (JSL) were revised from Crisil AA-/Positive to Crisil AA/Stable,” JSL said in a filing to ...

As technology evolves, Generative AI emerges as the white-collar worker’s frenemy, says  Jayajit Dash   The rise of Generative Artificial Intelligence (AI) has been nothing short of epochal in the past few years. From ChatGPT to the sophisticated GPT-4, these AI models have disrupted the landscape of knowledge work, creating a paradigm shift that goes beyond efficiency gains. A closer ...

TBB BUREAU MUMBAI, NOV 13, 2023 The Small Industries Development Bank of India (SIDBI) has partnered with Jocata, a digital lending transformation platform, to launch a groundbreaking initiative named ‘Sumpoorn’ — a unique MSME Economic Activity Index. This index aims to provide a real-time snapshot of India’s vital MSME sector, which contributes significantly to the country’s Gross Value Added (GVA) ...

PRIYABRAT BISWAL BHUBANESWAR, NOV 12, 2023 As the practice goes, this festive season – from Dussehra to Diwali – newspapers were flooded with attractive advertisements of various companies, all trying to allure customers to buy their products. And the gullible customers fall prey to such advertisements and end up buying things that they really don’t need. Like, jewellery shops – ...

TBB BUREAU MUMBAI, NOV 11, 2023 Bank of Baroda (BoB), one of India’s leading public sector banks, has reviewed its Marginal Cost of Funds Based Lending Rate i.e. MCLR across various tenors. BoB has realigned the MCLR across various tenors with effect from November 12, 2023, keeping the Overnight MCLR unchanged at the existing level of 8 per cent while ...