The Business Bytes

TBB BUREAU NEW DELHI, MAY 26, 2022 In an endorsement of its industry-leading people practices that makes it an employer of choice, the Vedanta Group, India’s leading producer of metals and oil & gas, along with its business units, have been accredited as ‘Great Place to Work’, for the second consecutive time. Vedanta Group businesses including Cairn Oil & Gas, ...

TBB BUREAU BHUBANESWAR, MAY 26, 2022 The Union Coal Ministry will be organizing the National Mineral Congress here on Friday with an aim to serve as a common platform to interact, thoughtfully deliberate and to decide effective ways and means for addressing this all-important issue by having brainstorming sessions that are suitably structured. Coal Secretary Anil Kumar Jain who is ...

TBB BUREAU BHUBANESWAR, MAY 25, 2022 Showing robust performance across all its business units, state-run National Aluminium Company Ltd (NALCO) on Wednesday reported its best-ever annual production and sales in FY2021-22 (FY22), registering highest ever revenue of Rs14,181 crore from operations and highest ever net profit (PAT) of Rs. 2,952 crore, respectively. Market dynamics has resulted in multifold increase in ...

TBB BUREAU BHUBANESWAR, MAY 25, 2022 Staying true to its commitment to making small businesses more efficient, fintech startup Khatabook plans to strengthen its presence in Bhubaneswar. The startup expects to grow its user base by 10 per cent in Bhubaneswar in 2022. As many as 12 lakh merchants are using Khatabook in the region to manage their business finances ...

TBB BUREAU JHARSUGUDA, MAY 25, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has sponsored sporting gear for teams participating in the ongoing ‘Mo School’ Hockey Tournament at Jharsuguda. Mo School Abhiyaan is an initiative by the Government of Odisha under its School & Mass Education Department, which aims to address the needs of school-going children and enable and support ...

TBB BUREAU BHUBANESWAR, MAY 24, 2022 A revised concession agreement was signed between Gopalpur Port Limited and Odisha State Commerce & Transport Department on Tuesday for the development and expansion of the Port. The agreement was signed at the Commerce & Transport Department conference hall here today in presence of State Commerce & Transport Minister Padmanav Behera and Principal Secretary ...

TBB BUREAU NEW DELHI, MAY 24, 2022 The average bid price of coal at a recent spot e-auction conducted by Mahanadi Coalfields Limited rose more than 800% above the notified price, according to a representation by the Coal Consumers Association of India (CCAI), which has pointed this out as an example of how coal buyers in the country are being ...

TBB BUREAU KOIRA, MAY 24, 2022 Residents of Harischandrapur, Koira, Kashira and Kusumdihi villages under Koira Tehsil on Tuesday unanimously extended their support to JSW Steel during the public hearing conducted to further environment clearance for the capacity expansion of Narayanposhi iron and manganese ore mines. Notably, JSW is planning to increase its iron ore production capacity with total excavation ...

TBB BUREAU MUMBAI, MAY 24, 2022 IOC Member Nita Ambani lauded the launch of India’s first ‘Olympic Values Education Programme’ (OVEP) by the International Olympic Committee (IOC) today in Odisha, emphasising that OVEP combines the twin powers of education and sport in instilling the core values of Olympism. The OVEP is a practical set of resources designed by the IOC ...

TBB BUREAU MUMBAI, MAY 24, 2022 The board of Aditya Birla Fashion and Retail Limited (“ABFRL”) in its meeting today approved raising of upto Rs.2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (“GIC”). GIC will invest Rs. 770 crore now towards subscription of equity and warrants, followed by ...