The Business Bytes

TBB BUREAU BHUBANESWAR, FEBRUARY 7, 2022 Sukla Mistry on Monday took over as the first woman functional director on the board of Indian Oil Corporation (IOC), the nation’s largest oil refining and fuel marketing company. She has taken over as Director (Refineries) of IOC, the company said in a statement. She will also be holding the positions of Director on ...

TBB BUREAU BHUBANESWAR, FEBRUARY 6, 2022 The Odisha Electricity Regulatory Commission (OERC), the state power regulator tasked with protecting consumer interests by keeping power tariffs low and avoiding unnecessary increases, has safeguarded the interest of common consumers by warding off a possible hike in tariffs due to imprudence in power purchases by state utility GRIDCO. Hearing GRIDCO’s petition against Vedanta’s ...

TBB BUREAU GOA, FEBRUARY 4, 2022 Ten-man Kerala Blasters FC moved to second spot in the points table with a spirited performance to down wooden spooners NorthEast United FC 2-1 in the Hero Indian Super League at the Tilak Maidan Stadium in Vasco on Friday. Second-half goals from Jorge Pereyra Díaz (62nd) and a stunner from Alvaro Vazquez (82nd) saw ...

TBB BUREAU BHUBANESWAR, FEBRUARY 4, 2022 TATWA Technologies Limited, a leading IT solution provider of Odisha, on Friday celebrated its 20th Foundation Day – IMPULSE 2022. The recent wave of the pandemic restricting a physical congregation, the celebrations were conducted digitally, connecting over 3000 stakeholders from across the globe and i Delivery Centers of TATWA, spread across the cities of ...

TBB BUREAU BHUBANESWAR, FEBRUARY 4, 2022 Ramesh Chandra Joshi on Friday took charge as the new Director (Finance) of Navaratna CPSE National Aluminium Company Limited (NALCO).   Prior to the new assignment, he was working as Group General Manager (Finance). An experienced finance professional, Joshi has a rich experience in various area of Finance spanning over 32 years, which includes ...

TBB BUREAU ANGUL, FEBRUARY 4, 2022 JSPL Foundation, the Corporate Social Responsibility arm of Jindal Steel and Power (JSP), on Friday observed World Cancer Day at its periphery village in Angul. On this occasion, the medical staff of JSP’s Angul Unit attended a programme to educate the community about the signs and symptoms of cancer, and how a person can ...

TBB BUREAU ROURKELA, FEBRUARY 4, 2022 Rourkela Steel Plant (RSP), a unit of Maharatna steel conglomerate SAIL, registered ‘best-ever’ performance in key areas in the first 10 months of the current fiscal i.e. April-2021 to January-2022. RSP produced 35,73,209 tons of Hot Metal, 32,96,549 tons of Crude Steel and 30,08,678 tons of Saleable Steel to register Year-on-Year (Y-o-Y) growth of ...

TBB BUREAU NEW DELHI, FEBRUARY 4, 2022 The Department of Expenditure, Ministry of Finance, today released monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore to 17 States.  This was the 11th instalment of the PDRD grant released to the States. The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution. ...

TBB BUREAU MUMBAI, FEBRUARY 4, 2022 Reliance Industries’ telecom arm Jio Platforms on Friday announced an investment of $15 million in Two Platforms Inc, a Silicon Valley-based deep tech startup, founded by Pranav Mistry, for a 25 per cent equity stake on a fully diluted basis. Founded by former Samsung Technology and Advanced Research president and CEO Pranav Mistry, Two ...

TBB BUREAU MUMBAI, FEBRUARY 4, 2022 India’s leading fashion company Aditya Birla Fashion and Retail Ltd (ABFRL) will set up a platform to foray in the direct-to-consumer (D2C) business. The board of directors of the company in their meeting on Friday approved the setting up of the new subsidiary. Its D2C platform is focused towards building a portfolio of distinct, ...