The Business Bytes

New Delhi, December 5, 2024 (TBB Bureau): The Bihar Aadhaar Authentication Framework (BAAF), a pioneering and citizen-centric digital solution, has been honoured with the prestigious SKOCH 2024 e-Governance Award in the Silver Category. The award was presented to representatives of Bihar’s Department of Information Technology (DIT) at a grand ceremony held in New Delhi. Vivek Kumar Nirala, Project Lead at ...

Mumbai, December 5, 2024 (TBB Bureau): MAIRE, a global leader in technology and engineering solutions, has announced the opening of a new Tecnimont Private Limited (TCMPL) office in Airoli, Navi Mumbai. This marks the sixth Tecnimont office in the Mumbai Metropolitan Region and the seventh in India, reinforcing the company’s strategic commitment to its operations in the country. Located in ...

Mumbai, December 5, 2024 (TBB Bureau): Vedanta Ltd, a leading global diversified natural resources company, announced on Tuesday that Crisil Ratings Ltd has upgraded its rating on the company’s long-term bank facilities and debt instruments. The revised rating, upgraded to “AA” from “AA-”, underscores Vedanta’s improved capital structure, enhanced financial flexibility, and robust volume growth. Crisil’s rating rationale highlights a ...

Bhubaneswar, Dec 5, 2024 (TBB Bureau): GMR Kamalanga Energy Limited (GKEL), a subsidiary of GMR Power and Urban Infra Ltd (GPUIL), has achieved a historic milestone by being awarded the prestigious Sword of Honour-2024 from the British Safety Council. This accolade is a testament to GKEL’s exceptional commitment to managing health and safety risks in the workplace. This achievement marks ...

Paris, December 5, 2024 (TBB Bureau): The world’s first comprehensive study on the economic impact of generative AI in the music and audiovisual industries has unveiled alarming insights about the future of human creators. Commissioned by the International Confederation of Societies of Authors and Composers (CISAC) and conducted by PMP Strategy, the report warns that generative AI could substantially enrich ...

New Delhi, December 4, 2024 (TBB Bureau): In a significant push toward enhancing India’s energy security and economic development, the Ministry of Coal is set to launch the 11th round of Commercial Coal Mine Auctions on Thursday, December 5. A total of 27 coal blocks, located across various states, will be offered for bidding, aiming to stimulate regional economic growth ...

New Delhi, December 4, 2024 (TBB Bureau): India’s trade landscape exhibited resilience and moderate growth during the first half of 2024, with total trade increasing by 5.45% year-on-year to $576 billion, according to NITI Aayog’s latest Trade Watch Quarterly Report. Released on Wednesday, the comprehensive report offers insights into the country’s trade performance, sectoral dynamics, and emerging opportunities against a ...

Bhubaneswar, December 3, 2024 (TBB Bureau): The Sijimali Bauxite Block, located across the adjoining districts of Kalahandi and Rayagada, is poised to become a key driver of socio-economic development, particularly for the indigenous tribal communities in the region. Owned by Vedanta Aluminium, the project promises to significantly improve the living standards of local populations, while simultaneously fostering sustainable development in ...

New Delhi, December 3, 2024 (TBB Bureau): The Union India has reiterated its commitment to supporting farmers by ensuring the uninterrupted availability of fertilizers at affordable prices, even amid ongoing global uncertainties caused by the Russia-Ukraine conflict. Union Minister of State for Chemicals and Fertilizers Anupriya Patel highlighted the measures in place during a Rajya Sabha session on Tuesday. Urea ...

New Delhi, December 3, 2024 (TBB Bureau): The Maritime India Vision (MIV) 2030 is redefining the future of India’s maritime sector, laying a comprehensive framework for the holistic development of ports, shipping, and waterways. With 150 transformative initiatives spanning ten interconnected themes, MIV 2030 is designed to propel India into global maritime leadership, Union Minister for Ports, Shipping & Waterways, ...