The Business Bytes

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 Bhuvnesh Kumar, a distinguished Indian Administrative Service (IAS) officer of the 1995 batch Uttar Pradesh cadre, assumed charge as the Chief Executive Officer (CEO) of the Unique Identification Authority of India (UIDAI) on Wednesday. With a stellar academic and professional track record, Kumar brings a wealth of experience and expertise to his new ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 India’s coal sector achieved a remarkable milestone in December 2024, with total coal production reaching 97.94 million tonnes (MT), a 5.33% growth compared to the 92.98 MT produced in December 2023. This impressive performance reflects the Ministry of Coal’s relentless drive to meet the country’s burgeoning energy demands. A significant contributor to this ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 India’s mineral and non-ferrous metal sectors have maintained their momentum of robust growth during FY 2024-25 (April-November 2024), building on record production levels achieved in the previous fiscal year. The nation continues to solidify its position as a global leader in mineral production, driven by strong demand across core industries like steel, energy, ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 India’s Goods and Services Tax (GST) collections surged by 7.3% year-on-year to reach ₹1.77 lakh crore in December 2024, as per government data released on Wednesday. This increase reflects sustained economic momentum and robust compliance trends across the country. Breaking down the components of the December GST collections, Central GST (CGST) accounted for ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 In a landmark decision aimed at bolstering agricultural productivity and ensuring the welfare of farmers, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the extension of a one-time special package subsidy on Di-Ammonium Phosphate (DAP) fertilizer. This move ensures that farmers will continue to receive DAP at subsidized rates ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 In a significant move to fortify the agricultural sector, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) till 2025-26. With an overall financial outlay of Rs 69,515.71 crore for the ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 Air India, owned by the Tata Group, has become the first airline in India to introduce in-flight Wi-Fi connectivity on domestic routes. Passengers flying on select Airbus A321neo, Airbus A350, and Boeing 787-9 aircraft can now access the Internet during their journey, the airline announced in a press release on Wednesday. The service ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 Honda Motorcycle & Scooter India (HMSI) has electrified the New Year with the launch of its highly anticipated electric scooters, the ACTIVA e: and QC1. Official bookings for these futuristic two-wheelers began today at select dealerships across major cities, marking HMSI’s bold stride into sustainable urban transportation. The ACTIVA e: can now be ...

Lanjigarh, December 31, 2024 (TBB Bureau): In a remarkable achievement, Sanjay Majhi, a rising star from the Vedanta Sports Program, has secured a bronze medal in the Indian Round category at the prestigious NTPC Senior National Archery Championship 2024. This historic victory marks the end of Odisha’s 21-year wait for a senior national medal in archery, bringing immense pride to ...

Mumbai, December 31, 2024 (TBB Bureau): Odysse Electric Vehicles, India’s fastest-growing premium electric vehicle manufacturer, has achieved a significant milestone by registering its highest-ever monthly sales. The company reported sales of 425 units in December 2024, marking an impressive 61 per cent growth on a month-on-month basis. This remarkable achievement underscores the increasing demand for electric two-wheelers and the effectiveness ...