The Business Bytes

TBB BUREAU NEW DELHI, MAY 4, 2023 In a major step towards strengthening India-Myanmar relations and enhancing trade and commerce, Union Minister of State for Ports, Shipping and Waterways, Shantanu Thakur on Thursday flagged off the inaugural cargo ship from Syama Prasad Mookerjee Port in Kolkata to the Sittwe Port in Myanmar. The port in Rakhine state of Myanmar has ...

TBB BUREAU MUMBAI, MAY 4, 2023 India’s securitisation market grew 33% on-year in fiscal 2023, with issuances totalling Rs 1.8 lakh crore, marking a whopping 50% growth over fiscal 2022, says a CRISIL Report. The originator base expanded by 20%, and newer asset classes such as personal loans, and small and medium enterprises loans gained momentum. More heartening has been ...

TBB BUREAU SHILLONG, MAY 3, 2023 With the previous approval of the Central Government for grant of mining lease to 4 applicants, Meghalaya is going to witness transformation in the mining sector.  In April 2014, National Green Tribunal (NGT) had imposed a blanket ban on coal mining and transportation in the state of Meghalaya. With this ruling, the mining industry ...

TBB BUREAU BHUBANESWAR, MAY 3, 2023 As the world becomes increasingly aware of the impact of climate change and environmental degradation, more and more companies are committing to ESG (Environmental, Social, and Governance) principles. These principles encompass a wide range of issues, including climate action, affordable and clean energy, responsible consumption and production, sustainable cities and communities, industry innovation and ...

TBB BUREAU NEW DELHI, MAY 2, 2023 Lower grip strength and slower timed-up-and-go (TUG) i.e. time taken to rise from a chair, walk three meters and sit back down can be the warning signals of dementia in-waiting, researchers have said. Dementia is the loss of cognitive functioning — thinking, remembering, and reasoning — to such an extent that it interferes ...

Undertakes initiatives to sensitize local communities and bolster employee safety TBB BUREAU NEW DELHI, MAY 2, 2023 On the occasion of World Day for Safety and Health at Work, Vedanta Aluminium inaugurated a Fire Safety Training Park at its plant in Jharsuguda, one of the largest aluminium smelters in the world. The park will help the company’s Industrial & Fire ...

TBB BUREAU NEW DELHI, MAY 2, 2023 Keeping user benefits in mind, Unique Identification Authority of India (UIDAI) now allows residents to verify their mobile numbers and email IDs seeded with their Aadhaar. It had come to the notice of the UIDAI that in some instances, residents were not aware/sure about that which of their mobile numbers is seeded to ...

TBB BUREAU BHUBANESWAR, MAY 2, 2023 Vedanta Sesa Goa’s Iron Ore Odisha (IOO) is taking strides towards the development of communities through their structured CSR interventions in and around the Nadidihi region of Sundargarh district. Under the banner of Project Nirmal, the company recently donated RO water purifiers to three schools and three Anganwadis from the periphery which will benefit ...

TBB BUREAU NEW DELHI, MAY 2, 2023 The implementation of the FASTag system for toll collection in India has been a resounding success, with a consistent growth trajectory. On April 29, 2023, the daily toll collection through FASTag system achieved a historic milestone, reaching an all-time high collection of Rs. 193.15 crore, with 1.16 crore transactions recorded in a single ...

TBB BUREAU NEW DELHI, MAY 1, 2023 Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, recorded a 33 per cent year-on-year (Y-o-Y) decline in domestic sales at 5,313 units in April 2023. The exports for the month stood at 2,363 units. HCIL had registered 7,874 units in domestic sales and exported 2,042 units in April 2022. ...