The Business Bytes

TBB BUREAU NEW DELHI, APR 29, 2023 The government on Saturday appointed Rajneesh Karnatak as the Managing Director of Bank of India (BoI) and Debadatta Chand as the head of Bank of Baroda (BoB). Karnatak, presently working as the Executive Director of Union Bank of India, has been appointed as the Managing Director & CEO of Bank of India for ...

TBB BUREAU ROURKELA, APR 29, 2023             The Continuous Casting Machine-2 (CCM-2) belonging to the Steel Melting Shop-2 (SMS-2) Department of Rourkela Steel Plant (RSP) has set a fresh record in casting the longest ever sequence of heats. The unit registered an all time best castings of 222 heats during the record sequence. Notably, it’s also the best sequence performance ...

TBB BUREAU CHANDIGARH, APR 29, 2023 Former MP from Kurukshetra, Naveen Jindal, today paid floral tributes to former chief minister of Punjab, Late Sardar Parkash Singh Badal, at his residence in village Badal of Bathinda district in Punjab.  “Sardar Parkash Singh Badal Ji was a great leader, son of the soil and one of the most charismatic leaders of masses, ...

TBB BUREAU NEW DELHI, APR 28, 2023 SBI Cards and Payment Services Ltd (SBI Card) on Friday reported a marginal increase in its net profit to Rs 596 crore in the quarter ended March 2023 as against a net profit of Rs 581 crore reported in the same quarter of the previous fiscal. The company’s total income during the January-March ...

TBB BUREAU ROURKELA, APR 28, 2023 The Biju Patnaik Hockey Stadium of Rourkela Steel Plant (RSP) has been accorded FIH Category-2 Hockey field certificate. The certificate is valid till February 8, 2026. In the certificate, FIH has mentioned that Biju Patnaik Hockey Stadium has been tested and shown to comply with the requirements of an FIH Category-2 hockey field. With ...

TBB BUREAU BHUBANESWAR, APR 28, 2023 At a time when a section of media circulating biased reports on energy distribution company Tata Power Central Odisha Distribution Limited (TPCODL)’s alleged careless attitude towards consumers’ grievances, the discom has been working day and night to provide quality electricity to its consumers even in remote areas under its jurisdiction. TPCODL is building a ...

TBB BUREAU MUMBAI, APR 28, 2023 Ageas Federal Life Insurance, one of India’s leading private life insurance companies, on Friday announced its financial results for the 12-month period ending March 31, 2023, reporting a net profit of Rs 114 crore. Ageas Federal’s total premium rose by 4 per cent to Rs 2,289 crore in FY 2022-23 from Rs 2,207 crore ...

TBB BUREAU NEW DELHI, APR 28, 2023 Average Container dwell time for India, as per World Bank’s Logistics Performance Index (I-PI) Report — 2023, has achieved a level of 3 days only as compared to 4 days for countries like UAE and South Africa, 7 days for USA and 10 days for Germany. The investment made by the country in ...

TBB BUREAU BHUBANESWAR, APR 28, 2023 The Bhubaneswar Chapter of The Institute of Company Secretaries of India (ICSI) organised ICSI Capital Market Week-2023 on the theme “Learnings from G20: Journey towards sustainable, competitive and holistic capital markets”, here on Thursday. Speaking on the occasion, former CGM of Securities and Exchange Board of India (SEBI), Prof. Sarat Kumar Malik said that ...

TBB BUREAU NEW DELHI, APR 28, 2023 India’s major ports reached unprecedented heights, setting new records across various key performance indicators in the financial year 2022-23, said Union Minister for Ports, Shipping & Waterways, Sarbananda Sonowal. Speaking at the 2nd edition of FICCI’s Port Infrastructure Conclave in New Delhi today, Sonowal noted that major ports collectively handled a record-breaking 795 ...