The Business Bytes

TBB BUREAU NEW DELHI, AUGUST 1, 2022 Auguste Tano Kouamé on Monday took over as World Bank’s Country Director for India. He replaced Junaid Kamal Ahmad who recently completed a five-year term.  Prior to the new assignment, Kouamé served as the World Bank’s Country Director for the Republic of Türkiye – where he led the expansion of the Bank’s country ...

TBB BUREAU MUMBAI, AUGUST 1, 2022 SVC Co-operative Bank Ltd. (SVC Bank), one of India’s leading co-operative bank, and Small Industries Development Bank in India (SIDBI), country’s apex financial institution for micro, small and medium enterprises (MSMEs), today announced entering into a partnership through an agreement. The agreement was signed by Ashish Singhal, MD, SVC Bank and Sanjeev Gupta, GM, ...

TBB BUREAU NEW DELHI, AUGUST 1, 2022 The gross goods and service tax (GST) revenue collected in the month of July 2022 stood at Rs 1,48,995 crore, registering a growth of 28 per cent year-on-year (Y-o-Y). It is also the second highest ever collection since the introduction of GST in 2017, the Finance Ministry said in a press release on ...

TBB BUREAU BHUBANESWAR, JULY 31, 2022 Undiagnosed and untreated hypertension is the main risk factor for stroke which is the second leading cause of death and disability after ischaemic heart disease across the world. Studies show that at least 64% stroke patients have hypertension which is the most prevalent risk factor for this deadly cardiovascular event. With stroke burden increasing ...

TBB BUREAU SAMBALPUR, JULY 31, 2022 Artificial intelligence (AI) and internet of things (IoT) can have a significant role to play in ensuring sustainable mining practices, said OP Singh, Chairman-cum-managing Director, Mahanadi Coalfields Limited (MCL). Addressing the Area General Managers (AGMs) and Head of Departments (HoDs) at the workshop on mine closure, social forestry and artificial intelligence held on Saturday, ...

TBB BUREAU BHUBANESWAR, JULY 30, 2022 Public sector Indian Bank recorded a net profit of Rs 1,213.44 crore in the first quarter (Q1) of the current financial year (FY23) as compared to Rs 1,181.66 crore earned during the corresponding period of the previous year. Shanti Lal Jain, Managing Director & CEO , Indian Bank During Q1FY23, the bank’s advances grew ...

TBB BUREAU RANCHI, JULY 30, 2022 Swayamsiddha Ladies Club, NTPC Coal Mining Headquarters organised the Teej Festival with pomp and grandeur. The Teej program began with welcoming Swayamsiddha Ladies Club President Mahua Mazumder by the executive members of the Club. Later, Club Secretary Smitha Wilson invited the members to participate in the Teej festival.​​ Addressing the gathering, Smt Mazumder spoke ...

TBB BUREAU MUMBAI, JULY 30, 2022 With rise in net interest income and improvement in the asset quality, public sector lender Bank of Baroda (BoB)’s  stand alone net profit zoomed  79.3 per cent to Rs 2,168 crore in the first quarter (Q1) of the current financial year (FY2022-23) as compared to Rs 1,209 crore reported in the corrsponding period in ...

TBB BUREAU NEW DELHI, JULY 30, 2022 Energy sector, power sector will play a significant role in accelerating India’s progress in the next 25 years, said Prime Minister Narendra Modi while dedicating two of NTPC’s green projects to the nation on Saturday. Dedicating NTPC Ramagundam Floating Solar Project (100 MW) in Telangana and NTPC Kayamkulam Floating Solar Project (92 MW) ...

TBB BUREAU BHUBANESWAR, JULY 30, 2022 As the industrial hub of Eastern India, Odisha has been a key market in terms of business engagement for YES Bank with a CD Ratio of 97 per cent in the state as on March 31, 2022, much higher than RBI stipulated requirement of 60 per cent and the State Average. The total deposits ...