The Business Bytes

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): In a bid to comprehensively understand the evolving landscape of Artificial Intelligence (AI) and its implications on competition, the Competition Commission of India (CCI) has announced the initiation of a Market Study. This pioneering endeavour aims to delve deep into the transformative potential of AI while addressing pertinent competition concerns arising from its ...

BHUBANESWAR, APRIL 21, 2024 (TBB BUREAU):  Tata Power Central Odisha Distribution Limited (TPCODL) is taking strides in youth empowerment through its latest Corporate Social Responsibility (CSR) endeavor, the Daksh programme. This initiative focuses on providing market-ready skill training to rural youth in Odisha, aiming to create avenues for meaningful employment and entrepreneurship. Recently, TPCODL celebrated a milestone with the convocation ...

NEW DELHI, APRIL 21, 2024 (TBB BUREAU): In a move aimed at broadening the scope of the healthcare insurance market and providing comprehensive coverage, the Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for individuals purchasing health insurance policies. This significant departure from conventional constraints is expected to make healthcare coverage more ...

NEW DELHI, APRIL 21, 2024 (TBB BUREAU): India’s net direct tax collections for the fiscal year ended March 31, 2024 witnessed a substantial surge, recording a remarkable 17.7 per cent increase to reach Rs 19.58 lakh crore, announced the tax department on Sunday. The net collections of income and corporate taxes, which constitute the majority of direct taxes, surpassed both ...

NEW DELHI, APRIL 20, 2024 (TBB BUREAU): According to provisional payroll data released by the Employees’ Provident Fund Organisation (EPFO) on April 20, 2024, the organisation has witnessed a substantial increase of 15.48 lakh net members in the month of February 2024. The data further highlights that approximately 7.78 lakh new members were enrolled during February 2024. Notably, a significant ...

NEW DELHI, APRIL 19, 2024 (TBB BUREAU): In anticipation of heightened travel demand during the summer months, Indian Railways is gearing up to operate a record-breaking 9111 trips, showcasing its commitment to meeting passenger needs effectively. This substantial increase from the 6369 trips offered during the summer of 2023 demonstrates Indian Railways’ dedication to ensuring passenger convenience and seamless travel ...

NEW DELHI, APRIL 18, 2024 (TBB BUREAU):  In a resounding achievement for India’s defence capabilities, the Defence Research and Development Organisation (DRDO) has conducted a highly successful flight-test of the Indigenous Technology Cruise Missile (ITCM) from the Integrated Test Range (ITR), Chandipur, off the coast of Odisha. During the meticulously orchestrated test, all subsystems of the missile performed impeccably, meeting ...

BHUBANESWAR, APRIL 18, 2024 (TBB BUREAU): Leading credit rating agency ICRA has projected a decline in the volumes of the domestic Mining & Construction Equipment (MCE) industry for the fiscal year 2025, following two consecutive years of robust growth. The industry witnessed remarkable growth rates of 26% in FY2023 and 24% in FY2024. However, ICRA anticipates a reversal of this ...

BHUBANESWAR, APRIL 17, 2024 (TBB BUREAU):  In a concerted effort to address the healthcare needs of underprivileged communities, the Dalmia Bharat Foundation (DBF), the Corporate Social Responsibility (CSR) arm of Dalmia Bharat Ltd. (DBL),  in collaboration with Care Netram organized a transformative eye check-up camp at the Occupational Health Centre located at Dalmia Cement’s Cuttack plant – Kapilas Cement Works ...

MUMBAI, APRIL 17, 2024 (TBB BUREAU): In a heartwarming twist of fate amidst the fervor of the TATA IPL 2024 season, Gopinath Sahoo, a grocery shop owner from Puri district of Odisha, has emerged as a fortunate winner in JioCinema’s Jeeto Dhan Dhana Dhan contest. His unexpected victory not only adds to the joy of cricket enthusiasts but also highlights ...