The Business Bytes

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 3, 2025 Dr Hari Babu Kambhampati was sworn in as the Governor of Odisha during a ceremonious event at the Raj Bhavan on Friday. The oath of office was administered by Chief Justice of Orissa High Court, Chakradhari Sharan Singh, in the Abhishek Hall amidst the presence of dignitaries and state leaders. Dr Kambhampati succeeds Raghubar ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 2, 2025 Tapas Kumar Pattanayak has assumed the role of Director (Human Resources) at Navratna CPSE National Aluminium Company Limited (NALCO). Before taking up this prestigious position, he served as Executive Director (HR) at the Refineries Division Head Office of Indian Oil Corporation Ltd in Delhi. With an illustrious career spanning over 33 years, Pattanayak brings ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 The coal sector has emerged as a standout performer among the eight core industries, achieving an impressive 7.5% growth in November 2024. According to the Index of Eight Core Industries (ICI) released by the Ministry of Commerce & Industry, the coal index rose to 199.6 points in November 2024, up from 185.7 points ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 India’s coal sector has achieved a remarkable milestone, with captive and commercial coal mines recording an unprecedented 34.2% increase in production during April-December 2024. The total output surged to 131.05 million tonnes (MT), up from 97.665 MT during the same period in 2023, according to the Ministry of Coal. December 2024 marked a ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 In a significant push towards sustainable transportation, the Indian government announced that 16.15 lakh electric vehicles (EVs) have been incentivized under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India)-II scheme. The initiative, launched in 2019, underscores India’s commitment to eco-friendly mobility solutions and a greener future. The ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 In a groundbreaking development, scientists have unveiled a nano-formulation of melatonin — the brain’s darkness hormone — that demonstrates remarkable antioxidative and neuroprotective properties, positioning it as a promising therapeutic solution for Parkinson’s disease (PD). This innovative approach has been spearheaded by researchers at the Institute of Nano Science and Technology (INST) Mohali, ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 In a significant move aimed at aligning price indices with the evolving economic landscape, the government has constituted a Working Group under the leadership of NITI Aayog member Ramesh Chand to revise the base year of the Wholesale Price Index (WPI) from 2011-12 to 2022-23. The 18-member panel, which includes representatives from key ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 India has reaffirmed its position as a global textile powerhouse, claiming 3.9% of the global trade in textiles and apparel (T&A) in 2023, and ranking as the world’s sixth-largest exporter in the sector. Textiles and apparel, including handicrafts, constituted a robust 8.21% of India’s total exports for the fiscal year 2023-24, underscoring the ...

By PRIYABRAT BISWAL With each New Year, a bittersweet memory resurfaces — one I’ve cherished for decades. It’s the memory of my mother, quietly standing by my side as she handed me a diary, a simple yet profoundly meaningful gift. For me, the arrival of the New Year will always be intertwined with the memory of her thoughtful gesture, which ...

THEBUSINESSBYTES BUREAU GURGAON, JANUARY 1, 2025 Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, has announced an impressive 22% growth in sales for December 2024. The company reported total sales of 96,804 units during the month, compared to 79,483 units in December 2023. Domestic sales surged by 14%, reaching 78,834 units, up from 69,025 ...