The Business Bytes

TBB BUREAU MUMBAI, OCT 10, 2023 Sizeable capacity additions over the past two fiscals and the resultant oversupply will beat down profitability of Indian flexible packaging industry to a decadal low of 8 per cent this fiscal, said credit rating agency CRISIL on Tuesday. Additionally, the weakness in export demand will contribute to the dent in profitability. Revenue will decline ...

TBB BUREAU MUMBAI, OCT 10, 2023 National Securities Depository Limited (NSDL) on Tuesday announced that it has entered into an agreement for the purchase of office premises from IDFC First Bank Limited. The transaction involves the acquisition of office premises situated at Naman Chambers, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. The agreements have been executed ...

TBB BUREAU CHENNAI, OCT 10, 2023 Socomec India, a recognised leader in modular UPS solutions, unveiled MODULYS XM UPS on Tuesday. Setting a benchmark with 25+ years of unmatched longevity, the new medium power model marks another significant strike in Socomec’s unwavering commitment to innovation, excellence and sustainability. Sharing details about the new product, Socomec Innovative Power Solutions Regional Managing ...

TBB BUREAU NEW DELHI, OCT 9, 2023 Bibhu Prasad Mahapatra has assumed charge as the Executive Director on the Board of Punjab National Bank (PNB) with effect from October 09, 2023 for a period of three years or up to the date of his attaining the age of superannuation. A post graduate in Political Science from Utkal University and a ...

TBB BUREAU MUMBAI, OCT 9, 2023 Public sector lender Bank of Baroda (BoB) on Monday announced an increase in interest rates on domestic retail term deposits, including NRO and NRE term deposits, by up to 50 basis points across various tenors up to three years. These rates are applicable on deposits below Rs 2 crore with effect from October 9, ...

TBB BUREAU MUMBAI, OCT 9, 2023 The International Olympic Committee (IOC) with the Olympic Museum has aligned with Reliance Foundation to build on the success of the Olympic Values Education Programme (OVEP) in India and signed a new cooperation agreement. It underscores the organisations’ shared priority to promote Olympic values through sport among young people. The new cooperation was agreed ...

TBB BUREAU PARADIP, OCT 9, 2023 Kausik Basu on Monday assumed charge as the Executive Director & Refinery Head ofthe  Paradip Refinery. An Electrical Engineer from the prestigious Bengal Engineering College, Shibpur and PGDBM (Finance) from MDI, Gurgaon, Basu joined Indian Oil Corporation in 1992. He has a rich experience of over 31 years and has worked across the leading ...

TBB BUREAU NEW DELHI, OCT 9, 2023 The automotive retail in September 2023 showcased a robust double-digit YoY (year-on-Year) growth of over 20 per cent as demand soared across vehicle segments with the onset of festival season, Federation of Automobile Dealers’ Associations (FADA) said on Monday. Overall automobile registrations rose to 18,82,071 units in September 2023 from 15,63,735 units in ...

TBB BUREAU BHUBANESWAR, OCT 8, 2023 As part of its “Bill Pay and Win” Scheme, TP Central Odisha Distribution Limited (TPCODL) distributed 200 mobile phones to lucky customers across 20 divisions in events organized at Bhubaneswar, Nimapada, Puri, Cuttack, Salipur, Athagarh, Dhenkanal, Talcher, Angul, Khorda, Balugaon, Nayagarh, Jagatsinghpur, Paradeep, Marshaghai and Kendrapada. These rewards recognize and commend customers who responsibly ...

TBB BUREAU BHUBANESWAR, OCT 8, 2023 In a dedicated pursuit of its commitment to the vision of a Hunger-Free India, the JSP Foundation, inspired by the Hunger-Free India vision of Jindal Steel & Power (JSP) Chairman Naveen Jindal who had introduced a private bill in the Lok Sabha to end hunger in the country, is set to expand the operational ...