The Business Bytes

TBB BUREAU NEW DELHI, OCT 28, 2023 India’s largest energy conglomerate NTPC Ltd. on Saturday reported a consolidated net profit of Rs 4,726.4 crore for the second quarter (Q2) of the current financial year (FY24) registering a growth of 38.3 per cent over the corresponding figure of Rs 3,417.67 crore for the same quarter of the previous fiscal. The total ...

IN the world of entrepreneurship and corporate leadership, few names command as much respect and attention as Narayana Murthy. The co-founder of Infosys is renowned not only for building an IT empire but also for his candid and sometimes contentious opinions on India’s work culture. His recent call to Indian youth to embrace a grueling 70-hour workweek has ignited a ...

TBB BUREAU MUMBAI, OCT 28, 2023 Blue Dart Express, South Asia’s premier express air, integrated transportation and distribution logistics company, posted Rs. 71 crore profit after tax for the quarter ended September 30, 2023 (Q2). Revenue from operations for the quarter under review stood at Rs. 1,324 crore. For the first half of FY2024, revenue declined marginally (two percent) to ...

TBB BUREAU MUMBAI, OCT 28, 2023 The Aditya Birla Group flagship UltraTech Cement on Saturday announced to invest Rs 13,000 crore to add production capacity by 21.9 million tonnes per annum in the third phase of the growth, taking its total capacity to 182 MTPA after completion. The Board of Directors, in a meeting held today, approved the capacity expansion, ...

TBB BUREAU NEW DELHI, OCT 28, 2023 Union Minister for Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles Piyush Goyal on Saturday urged the governments to collaborate on a regulatory framework to ease the movement of supply chains and facilitate cross border trade. He also recalled the Generic Framework for Mapping of GVCs mentioned in the New ...

TBB BUREAU NEW DELHI, OCT 28, 2023 The Ministry of Coal (MoC) has undertaken a significant initiative to liberalize the coal sector in India. This initiative introduced Commercial Coal Mining, removing restrictions on the sale and utilization of coal. It also introduced provisions for financing coal mines and flexible auction terms to encourage wider participation. Pursuant to the launch of ...

TBB BUREAU RANCHI, OCT 27, 2023 NTPC Swayamsiddha Ladies Club, Coal Mining Headquarters provided essential and nutritious food items essential for the wellbeing of mother and growth of the child, as part of its CSR initiative for creating awareness on the importance of nutritious food for expectant mothers. The initiative was undertaken under the guidance of Swayamsiddha Ladies Club President ...

TBB BUREAU BHUBANESWAR, OCT 27, 2023 Marking a significant step in its mission to empower rural low-income households across the country, Ahmedabad-based non-banking finance company Light has launched its operations in Odisha; and committed to disburse loans to the tune of Rs 1000 crore in next few years. Light is committed to establishing a robust presence in Odisha, with the ...

TBB BUREAU BHUBANESWAR, OCT 27, 2023 In a bid to further strengthen its retail footprint in eastern India, leading fast moving electrical goods (FMEG) company Havells India Limited on Friday launched its  32nd exclusive retail showroom, ‘Havells Galaxy’ in Odisha. Located at Mangraj Point, Puri Bypass in the capital city of Odisha, the exclusive outlet was inaugurated by Havells India ...

TBB BUREAU NEW DELHI, OCT 27, 2023 Riding on better sales, softening commodity prices and higher non-operating income, Maruti Suzuki India on Friday reported 80.3 per cent growth in its net profit at Rs 3,716.5 crore in July-September quarter (Q2FY24) as against Rs 2,061.5 crore in the corresponding period in the previous fiscal. The company registered net sales of Rs ...