The Business Bytes

TBB BUREAU BELPAHAR, DEC 16, 2023 Vedanta Aluminium, India’s largest producer of aluminium, recently supported the staging of the world’s longest Sambalpuri theatre production, spanning 49 hours in duration. Performed at Belpahar in Jharsuguda district of Odisha by the Mirror Theatre group, this is the latest iteration of the company’s efforts to nurture traditional art forms at the grassroots level, ...

TBB BUREAU NEW DELHI, DEC 14, 2023 On National Energy Conservation Day, Vedanta Aluminium, the largest aluminium producer in India, announces a significant new breakthrough in the lining design of the ‘pots’ at its aluminium smelters. These smelters house several potlines, which are long buildings within the smelter that contain a series of ‘pots’, or large electrolytic cells, within which ...

TBB BUREAU RANCHI, DEC 14, 2023 India’s leading integrated power utility NTPC Ltd., through its coal mining initiative, has added another feather in its cap by surpassing a remarkable milestone in record time. NTPC on Wednesday surpassed the previous fiscal coal production record by producing 23.223 MMT of coal. This feat has been achieved in the record time of 257 ...

TBB BUREAU BHUBANESWAR, DEC 14, 2023 Hindalco, Hirakud, an Aditya Birla Group company’s community development programmes has made a huge difference in Nimpali village in the tribal-dominated district of Sambalpur in Odisha, through its project ‘Ama Pada’. Nimpali village has a populace of a little over 300 people.  Of this, 90 percent are schedule tribes (STs) and 5 percent schedule ...

TBB BUREAU BHUBANESWAR, DEC 14, 2023 Shyam Steel, a pioneering force in the TMT Bar industry, has been awarded the prestigious GreenPro Certification by the Confederation of Indian Industries – Green Products and Services Council for its products, Fe 500D (GPSSM345002) and Fe 550D (GPSSM345001). This significant recognition underscores Shyam Steel’s unwavering commitment to sustainability and the delivery of superior-quality ...

TBB BUREAU BENGALURU, DEC 12, 2023 SANY India, a leading manufacturer of construction equipment, unveiled an array of revolutionary construction equipment at EXCON, the largest construction equipment exhibition in South Asia. A total of 44 machines were showcased this year, including the debut of 15 new models, including cutting-edge electric machines designed for diverse applications such as earthwork, excavation, heavy ...

TBB BUREAU MUMBAI, DEC 12, 2023 Union Bank of India has been bestowed with International Banking System Intelligence (IBSi) Global FinTech Innovation Award 2023 under the “Best Digital Channel/Platform Implementation” category for the Bank’s conversational banking initiatives – Union Virtual Connect (UVConn) – the Bank’s WhatsApp Banking Channel and Union Voice Assistant (UVA) – the Bank’s Voice Banking channel. The ...

TBB BUREAU MUMBAI, DEC 12, 2023 Capri Global Capital Limited (CGCL) has received a composite Corporate Agency license from the Insurance Regulatory and Development Authority of India (IRDAI) to distribute life, general, and health insurance products. This will help CGCL further diversify its product offerings and strengthen its fee income, the company said in a statement. CGCL aims to leverage ...

TBB BUREAU MUMBAI, DEC 12, 2023 India’s office space leasing is expected to benefit from the recent amendments to the Special Economic Zones Act, 2005 (SEZ Act) notified by the Department of Commerce on December 6, 2023, says rating agency CRISIL. The amendments permit demarcation of part of the SEZ area into non-SEZ area after repayment of tax benefits availed ...

TBB BUREAU BHUBANESWAR, DEC 12, 2023 EV major Ola Electric has announced a flat discount of Rs 20,000 on the newly-launched S1 X+ electric scooter, which is now priced at Rs 89,999, ex-showroom. The EV maker has announced the discount as part of the ‘December to Remember’ campaign featuring several offers and discount schemes. The offer is valid till December ...