The Business Bytes

New Delhi, October 1, 2024 (TBB Bureau): The growth rate of Goods and Services Tax (GST) revenue slowed to 6.5% in September, with collections totaling Rs 1.73 lakh crore. The dip is attributed to a slower rise in collections from both domestic transactions and imports. Despite this, tax experts remain optimistic about the months ahead, citing the upcoming festival season, ...

Bhubaneswar, October 01, 2024 (TBB Bureau): Jindal Steel & Power (JSP) has been honoured with the CSR Journal Excellence Award 2024 for its significant contributions to sports promotion in India. The award was presented at the 7th edition of the ceremony in Mumbai on Monday. This recognition highlights JSP’s extensive efforts through its social arm, Jindal Foundation, to nurture sports ...

New Delhi, October 1, 2024 (TBB Bureau): India’s coal production continues its upward trajectory, with the Ministry of Coal reporting a 5.85% growth in production for FY 2024-25 compared to the same period last year. In September 2024 alone, coal production reached 68.94 million tonnes (MT), surpassing last year’s 67.26 MT for the same month, reflecting a 2.49% increase. Cumulative ...

Mumbai, October 1, 2024 (TBB Bureau): Odysse Electric Vehicles, India’s fastest-growing premium electric vehicle manufacturer, reported an impressive total of 367 units sold in September 2024, setting a new monthly sales record. This achievement reflects a growth of over 10% compared to August 2024. The surge in sales is attributed to the strategic expansion of Odysse Electric’s network across the ...

New Delhi, October 1, 2024 (TBB Bureau): India Inc’s credit quality has shown significant improvement, driven by resilient domestic growth and continued government policy support, according to leading credit rating agencies. CRISIL Ratings reported 506 company upgrades in the first half of the current fiscal, compared to 184 downgrades. This resulted in an upgrade-to-downgrade ratio of 2.75, a substantial rise ...

New Delhi/Bhubaneswar, October 01, 2024 (TBB Bureau): Dr. Bibhudatta Mahapatra, Vice President of Corporate Communications & CSR at the Aditya Birla Group, was honoured today with the prestigious Mahatma Award 2024 for Leadership in CSR and Social Impact. This coveted award recognizes his exceptional contributions to Corporate Social Responsibility (CSR) and Corporate Communications, with a focus on driving sustainable change ...

Bhubaneswar, October 01, 2024 (TBB Bureau): In a transformative move for rural women entrepreneurs, Charanjit Singh, Additional Secretary of the Ministry of Rural Development (MoRD), announced the launch of GreenKraft.co.in, a pioneering online sales platform owned exclusively by women producers from rural India. The announcement was made during the National Livelihoods Conclave held in Varanasi recently. GreenKraft, incubated by Industree ...

Ranchi, October 01, 2024 (TBB Bureau): NTPC Mining has delivered an outstanding performance in the first half (H1) of FY 2024-25 (FY25), producing over 19 million metric tonnes (MMT) of coal, marking a 20% year-on-year (YoY) growth. Additionally, the company dispatched 19.7 MMT of coal to NTPC’s power stations, registering a 16% increase compared to the previous financial year. Despite ...

Bongaigaon, October 01, 2024 (TBB Bureau): NTPC Bongaigaon has demonstrated its excellence in innovation and teamwork by securing multiple Gold awards at the Quality Circle Forum of India (QCFI) CCQC 2024. Four teams from the plant were honored for their innovative solutions to critical operational challenges, showcasing NTPC Bongaigaon’s commitment to operational excellence and continuous improvement. Team U-235 from the ...

Bhubaneswar, October 1, 2024 (TBB Bureau): Dalmia Bharat Ltd., a leader in India’s cement industry, proudly celebrated the 5th anniversary of its esteemed initiative, ‘Aap Hain Sachche Viswakarma,’ across Eastern India. This landmark event honored 272 veteran contractors, acknowledging their invaluable contributions to the construction sector alongside their families, dealers, and the broader contractor community. The initiative aims to celebrate ...