The Business Bytes

TBB BUREAU NEW DELHI, MAY 12, 2022 Country’s second-largest public sector bank Punjab National Bank (PNB) expects an overall credit growth of 10 per cent in FY 2022-23 on the back of robust credit demand seen in steel, road and cement sectors besides NBFCs, PNB Managing Director & CEO Atul Kumar Goel told media persons at a virtual press meet ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Zuari Agro Chemicals-backed fertiliser company Paradeep Phosphates Ltd (PPL) has set the price band for its Initial Public Offering (IPO) at Rs 39-42 per share having face value of Rs 10. Through the IPO, the government will be offloadng its entire stake of 19.55 per cent in the company. The IPO will open on ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 JSW Infrastructure, India’s leading ports company and part of US$ 13 billion JSW Group, has begun commercial operations at Paradip East Quay Coal Terminal in Odisha. This is a fully-mechanized terminal at Paradip Port with an annual coal handling capacity of 30 million tons. The coal terminal has been built as a cape compliant ...

TBB BUREAU MUMBAI, MAY 11, 2022  Union Bank of India today announced the launch of ‘Trade nxt’, an online platform for providing comprehensive cross border trade finance services to Indian Exporters and Importers. It offers seamless entry and processing of letters of credit (LC), bank guarantees, export/import bills, disbursement of export credit, outward & inward remittances, dealer financing and much ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022 With an objective to increase agricultural productivity and the income of farmers, JSPL Foundation, the Corporate Social Responsibility arm of Jindal Steel and Power (JSP) has launched the ‘Jindal Krishi Vikash’ program in Odisha and Chhattisgarh. Under this program, the Foundation will support the farmers, mainly the small farmers with farm mechanization equipment. “Mechanisation ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022 Fabrice Cambolive has been appointed as the Chief Operating Officer (COO) of Renault brand, effective as of 1 June 2022. He will report to Luca de Meo, CEO – Renault Group, who remains the CEO of the Renault brand. In his new role, Fabrice Cambolive will steer the brand’s operations and lead the Renault ...

TBB BUREAU NEW DELHI, MAY 11, 2022 Oil Marketing Companies (OMCs) Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) have entered into a long-term purchase agreement (LTPA) for upcoming dedicated ethanol plants across India. The first set of Tripartite-cum-Escrow Agreement (TPA) was signed among OMCs, project proponents and Banks of the respective ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022 JSP Motorrad has been appointed as the second BMW Motorrad dealer partner in Bengaluru. The dealership is located at No. 162, Kathalipalya, 80 Feet Main Road, Koramangala 4th Block, Bangalore, Karnataka – 560034 and is headed by Sudarshan Ponraj, Dealer Principal, JSP Motorrad. “BMW Motorrad delivers a promise not only of outstanding products, but ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022 Ziqitza Healthcare Limited (ZHL), the operating agency for 108 Ambulance services in Odisha, on Wednesday felicitated 13 meritorious children of its staff members who were top scorers in the Class 10th examinations. The awards were given under the Ziqitza Odisha Scholarship 2022, organized here today. Besides, ZHL also felicitated its ambulance employees for showing ...

TBB BUREAU BHUBANESWAR, MAY 11, 2022  There is a growing level of propensity to buy insurance, especially in tier-2 and 3 cities of India, finds a survey conducted by an online insurance marketplace. Policybazaar, one of India’s largest online insurance marketplaces, conducted an online survey to understand the changing consumer sentiment towards insurance purchase, household finances and investments over the ...