The Business Bytes

TBB BUREAU BHUBANESWAR, JUNE 21, 2023 Aditya Aluminium, an Aditya Birla Group company, has been engaged with the communities for decades to qualitatively impact their lives. These are the underprivileged living in and around the company’s plants.  Over the last decade more than 50,000 villagers of 40 villages in six gram panchayats under Rengali Block in Sambalpur district have felt ...

TBB BUREAU BHUBANESWAR, JUNE 21, 2203 At a time when the explosive growth of Artificial Intelligence (AI) has fanned worries on the loss of jobs, Bhubaneswar-headquartered IT consulting company, CSM Technologies has pivoted to human-AI synergy with the onboarding of Medha K, the company’s first non-human employee. One of the pioneers in integrating human employees with an AI counterpart, CSM ...

TBB BUREAU NEW DELHI, JUNE 20, 2023 Going a step further in its $70 billion fleet expansion programme, Tata Group-owned airline Air India on Tuesday signed purchase agreements to acquire 470 aircraft from Airbus and Boeing. The purchase agreements were signed on the sidelines of the ongoing Paris Air Show. Air India’s orders include 34 A350-1000, six A350-900, 20 Boeing ...

TBB BUREAU ANGUL, JUNE 20, 2023 The Car Festival (Rath Yatra) festival of the Trinity was celebrated at Devbhoomi in Jindal Nagar here with devotional vibrancy drawing thousands of devotees from all around. The grand chariots — Taladhwaja, Darpadalan and Nandighosh – carrying Lord Balabhadra, Goddess Subhadra and Lord Jagannath commenced their annual sojourn from the Temple in Devbhoomi to ...

TBB BUREAU NEW DELHI, JUNE 20, 2023 Underlining the need to move to Net Zero and not a low-carbon future, the Union Minister for Power and New & Renewable Energy RK Singh on Tuesday said that “we cannot afford to add any more carbon dioxide to the atmosphere”. Addressing “The Economic Times” Energy Leadership Summit & Awards event in New ...

TBB BUREAU NEW DELHI, JUNE 20, 2023 Senior IAS officer Amit Agrawal assumed charge as the Chief Executive Officer (CEO) of Unique Identification Authority of India (UIDAI) on Monday. Prior to joining UIDAI as CEO, Agarwal, the 1993 batch Indian Administrative Service officer from the Chhattisgarh cadre, was Additional Secretary in the Ministry of Electronics and Information Technology (MeitY). Before ...

TBB BUREAU NEW DELHI, JUNE 20, 2023 State Bank of India Managing Director Swaminathan Janakiraman has been appointed the Deputy Governor of the Reserve Bank of India (RBI) by the government. The Appointments Committee of Cabinet (ACC) on Tuesday approved his appointment. Janakiraman will hold the post for a period of three years from the date of joining or until ...

TBB BUREAU NEW DELHI, JUNE 20, 2023 The Employees’ Provident Fund Organisation (EPFO) has added 17.20 lakh net members in the month of April, 2023 as compared to the net addition of 13.40 lakh during March, 2023. Year-on-year, an increasing trend has been observed in net payroll addition for the month of April, 2023, EPFO’s provisional payroll data released on ...

TBB BUREAU MUMBAI, JUNE 20, 2023 Notwithstanding the healthy demand, cement prices are expected to slip 1-3 per cent this fiscal, after clocking a 4 per cent compound annual growth rate (CAGR) over the past four to a new all-time high of Rs 391 per 50 kg bag last fiscal, a CRISIL Report said on Tuesday. The run-up was due ...

TBB BUREAU BHUBANESWAR, JUNE 19, 2023 With the peak summer season of the current financial year (FY2023-24) witnessing an unprecedented increase in power requirements across TP Central Odisha Distribution Ltd (TPCODL)’s area of operation due to soaring temperatures throughout the day resulting in a surge in power demand, TPCODL’s power demand has risen from 1763 MW to 2025 MW, marking ...