The Business Bytes

TBB BUREAU NEW DELHI, JUNE 29, 2022 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has approved ‘Deregulation of Sale of Domestically Produced Crude Oil’, whereby Government has decided to cease allocation of crude oil and condensate w.e.f. 01.10.2022. This will ensure marketing freedom for all Exploration and Production (E&P) operators. The condition in the ...

TBB BUREAU NEW DELHI, JUNE 29, 2022 The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi, has approved computerization of Primary Agricultural Credit Societies (PACS) with the objective of increasing efficiency of PACS, bringing transparency and accountability in their operations; facilitating PACS to diversify their business and undertake multiple activities/ services. This project proposes computerization of about ...

TBB BUREAU KOCHI, JUNE 29, 2022 GO FIRST (formerly known as GoAir) on Tuesday achieved a milestone by introducing triweekly to and fro direct flights from Kochi to Abu Dhabi. The inaugural flight, G8 063 to Abu Dhabi, was flagged off from Kochi last evening at 20:05 hours. GO FIRST will operate three direct flight services per week between Kochi ...

TBB BUREAU NEW DELHI, JUNE 29, 2022 India shipped 13,69,264 MT of seafood worth Rs 57,586.48 crore (USD 7.76 billion) during FY 2021-22, despite heavy odds. During the FY 2021-22, the export improved in rupee term by 31.71%, in USD terms by 30.26% and in quantity terms by 19.12%. In 2020-21, India had exported 11,49,510 MT of seafood worth Rs ...

TBB BUREAU NEW DELHI, JUNE 29, 2022 Vice President M. Venkaiah Naidu on Wednesday appealed to schools across the nation to foster the spirit of curiosity, innovation and excellence in students to prepare them for the challenges of the Shri 21st century, technology-driven world. Calling for a futuristic approach to education while shunning rote education, Naidu said, “The best skill ...

TBB BUREAU NEW DELHI, JUNE 29, 2022 India’s coal sector is making sustained efforts to fulfil the fast escalating energy demands by further augmenting coal production. At the same time, the coal sector is also taking various initiatives towards adopting the path of sustainable development with emphasis on care for environment and host of measures to protect forests and biodiversity. ...

TBB BUREAU BENGALURU, JUNE 28, 2022 Jio Platforms Ltd, the digital services arm of Reliance Industries Ltd, and DigiBoxx, an Indian file storage and sharing platform, on Tuesday announced a collaboration with an aim to develop innovative storage solutions and further meet the cloud consolidation needs of Jio’s existing and future consumer base. With this collaboration, in addition to the ...

TBB BUREAU BHUBANESWAR, JUNE 28, 2022 As many as 87 Ekalavya Model Residential Schools (EMRSs) have been sanctioned for Odisha which is the highest for any state in India. Also as many as 19 schools have been sanctioned in Mayurbhanj alone which again is the highest for any district in India. This was stated by Union Minister of State for ...

TBB BUREAU LANJIGARH, JUNE 28, 2022 Vedanta Limited’s Lanjigarh unit, India’s premier producer of metallurgical grade alumina, has been honoured with the prestigious ‘Kalinga Environment Excellence Award 2021’ for its unwavering commitment and contribution towards environmental sustainability. Vedanta Lanjigarh is the Alumina Refinery unit of Vedanta Aluminium, India’s largest producer of aluminium. The award is a true testament of the ...

TBB BUREAU MUMBAI, June 28, 2022 Reliance Jio Infocomm Limited Board on Tuesday approved Akash Ambani’s appointment as the Chairman of the company as Mukesh Ambani resigned as a Director of the telecom company. In regulatory filing, Reliance Jio said the Board of Directors at its meeting held on Monday “approved the appointment of Akash Ambani, Non-executive Director, as the ...