The Business Bytes

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 ...

TBB BUREAU MUMBAI, NOV 11, 2023 Mirae Asset Mutual Fund, one of the fastest-growing fund houses in India, on Friday announced the launch of UPI AutoPay Mandate for SIP registrations. This is one of its kind Industry initiative jointly developed by Mirae Asset Mutual Fund, KFintech and BillDesk to help investors of Mirae Asset Mutual Fund to register SIP mandate ...

TBB BUREAU BHUBANESWAR, NOV 11, 2023 In their commitment to the state’s economic and industrial development, Odisha Discoms, joint ventures between Tata Power and the Odisha Government, have awarded contracts orders worth Rs. 7661 crore in the last 3 years, since taking over distribution operations in the state. These contracts have been awarded under two broad categories – materials and ...

TBB BUREAU BHUBANESWAR, NOV 10, 2023 Bhubaneswar-based JB Consulting and Strategies was felicitated by the prestigious Times Group with the coveted honour in the field of “Strategic Influence and Brand Resonance Excellence”. JB Consulting and Strategies’ Chief Executive Officer (CEO) Dr. Jagdish Chandra Rout was felicitated by the Times Group during the 4th Edition of prestigious Times Business Awards Odisha ...