The Business Bytes

TBB BUREAU NEW DELHI, MAY 13, 2022 Union Bank of India on Friday reported over 8 per cent rise in standalone net profit at Rs 1,440 crore for the quarter ended March 2022. The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year. Total income rose to Rs 20,417.44 crore during ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Modicare Limited, one of India’s leading direct selling companies, recently launched Blue Light Shield, a gender-neutral and efficacious skincare range to combat the harmful effects of Blue Light rays. Urban Color London’s Blue Light Shield range leverages innovation and technology to offer the consumers a ‘Screenguard’ against the high energy Blue Light emitted from ...

TBB BUREAU GURUGRAM, MAY 12, 2022 SpiceJet and Axis Bank on Thursday launched a co-branded credit card that will come in two variants, the airline said in a statement. The card comes in two variants – SpiceJet Axis Bank Voyage and Voyage Black, and is designed to enable customers use the rewards earned on their daily spends for booking flights ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Furthering the vision of the government to develop robust and modern infrastructure, the first trainset of India’s first Regional Rapid Transit System (RRTS) was recently handed over to the National Capital Region Transport Corporation (NCRTC). Jindal Stainless is supplying stainless steel to Alstom for developing technologically-advanced and state-of-the-art trainsets for this project. The first ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Experian, the world’s leading global information services company, has launched a new PowerCurve Strategy Management solution, a powerful decisioning solution delivered as software-as-a-service via cloud. The solution is designed to help organisations leverage data and make faster, secure, and informed business decisions. PowerCurve is a unified platform that helps businesses understand and leverage their ...

TBB BUREAU BHUBANESWAR, MAY 12, 2022 Rosmerta Group today announced the acquisition of Sensorise Digital Services. Rosmerta Group has been a strategic investor in Sensorise since inception. This acquisition reinforces the belief of group in the opportunities that M2M and IoT space are expected to provide in the years to come. Rosmerta group is the market leader in several transport ...

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 ...