The Business Bytes

TBB BUREAU ROURKELA, JUNE 8, 2022 SAIL-run Rourkela Steel Plant (RSP) registered remarkable performance in production areas in the first two months of current financial year (FY23). The Steel Plant produced 7,48,139 tons of hot metal, 6,70,498 tons of crude steel and 6,01,337 tons of saleable steel in April-May of FY-23 to register a corresponding Year-on-Year (Y-O-Y) growth of 7.94 ...

TBB BUREAU NEW DELHI, JUNE 8, 2022 In a bid to to ensure remunerative prices to the growers for their produce and to encourage crop diversification, the Union government on Wednesday hiked the minimum support price (MSP) for paddy by Rs 100 to Rs 2,040 per quintal for 2022-23 crop year from Rs 1,940 per quintal in the previous year. ...

TBB BUREAU MUMBAI, JUNE 8, 2022 Jindal Stainless participated in the 30th edition of chemTECH World Expo 2022 held at Jio World Centre from June 8 to 11. As the Bronze sponsor for the largest congregation of industry professionals from the global chemical and pharma processing industries, Jindal Stainless showcased its niche stainless steel products. These included critical application grades ...

TBB BUREAU MUMBAI, JUNE 8, 2022 The Monetary Policy Committee of Reserve Bank of India, which met from 6-8 June 2022, has unanimously decided to hike the Repo Rate by 50 basis points to 4.90 per cent. Consequently, Standing Deposit Facility Rate stands adjusted to 4.65 per cent and Marginal Standing Facility rate and Bank Rate to 5.15 per cent. ...

TBB BUREAU ROURKELA, JUNE 7, 2022 Continuing its spree of excellence, Rourkela Steel Plant (RSP) Hot Strip Mill–2 has registered the record single shift HR coil production in ‘C’ Shift of June 5. The Mill achieved the best ever single shift performance by rolling out 2376 tons of slab and 2321 tons of HR coil, surpassing the previous best of ...

TBB BUREAU NEW DELHI, JUNE 7, 2022 Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles Piyush Goyal on Tuesday said that the world would emulate the example of PM Gati Shakti in the coming years. Adding that PM Gati Shakti would be a game changer, the Minister suggested that people who want to set ...

TBB BUREAU NEW DELHI, JUNE 6, 2022 Vedanta Aluminium, India’s largest producer of aluminium has declared that its largest aluminium smelter has substantially reduced its GHG, or greenhouse gas emissions intensity (carbon footprint), by around 12 per cent in FY22 over theprevious fiscal, while increasing production volume by 20 per cent. On World Environment Day, Vedanta Aluminium committed to reduce ...

TBB BUREAU NEW DELHI, JUNE 5, 2022 Prime Minister Narendra Modi on Sunday said that the need of the hour is to solve the challenge faced by our planet using human-centric, collective efforts and robust action that further sustainable development. Launching a global initiative ‘Lifestyle for the Environment – LiFE Movement’ today via videoconference, the Prime Minister reminded the gathering ...

TBB BUREAU ANGUL, JUNE 5, 2022 The Angul Unit of Jindal Steel and Power (JSP) on Monday celebrated the World Environment Day-2022 by organizing a slew of programs for its employees, school students and periphery villagers. In a bid to create awareness regarding protection of environment, early in the morning “A Run for Environment” was flagged off by JSP Executive ...

TBB BUREAU NEW DELHI, JUNE 5, 2022 Prime Minister Narendra Modi on Sunday said that India has achieved the target of 10 per cent ethanol blending in petrol ahead of schedule. The Prime Minister was speaking at a programme on ‘Save Soil Movement’ at Vigyan Bhawan here. PM addressing at the ‘Save Soil’ programme organised by Isha Foundation, in New ...