The Business Bytes

TBB BUREAU NEW DELHI, JANUARY 7, 2022 CRISIL Ratings has upgraded its rating on the long-term bank facilities of Jindal Stainless to ‘CRISIL AA-/Stable’ from ‘CRISIL A+/Stable’. The ratings agency has reaffirmed the company’s short-term rating at CRISIL A1+’. The Jindal Stainless group includes JSL, Jindal Stainless (Hisar) (JSHL) and their subsidiaries. CRISIL said that the upgrade in the long-term ...

TBB BUREAU MUMBAI, JANUARY 7, 2022 Reliance General Insurance has launched a digital campaign called #CarKaYaar, reinforcing its brand positioning as the ‘Friend in Need’ for car insurance customers. The campaign consists of a series of six animated ad films created by a t o m network. With a humourous undertone, the ad films establish the fact that Reliance General ...

TBB BUREAU MUMBAI, JANUARY 7, 2022 Eurosport India, Discovery Network’s premium sports brand today announced the acquisition to broadcast rights for the 2022 AFC Women’s Asian Cup. Eurosport India were awarded the PayTV broadcast rights for the Indian market from Football Sports Development Limited (FSDL) who have the media rights for all Asian Football Confederation (AFC) competitions in the Indian ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2022 Addressing the employees and stakeholders of state-run NALCO, Odisha Governor Prof. Ganeshi Lal who is also an academician par excellence, urged NALCOnians and society at large to follow the triple bottom-line approach of People, Planet and Passion, to ensure absolute harmony between man, science, nature and God. Delivering the keynote address at the 20th ...

TBB BUREAU MUMBAI, JANUARY 6, 2021 E-commerce player Dunzo on Thursday raised $240 million in its latest round of funding to expand its footprint in India. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2022 Even as steel behemoth Jindal Steel & Power Limited (JSPL) is bracing for capacity expansion of its integrated steel plant at Angul from 6 million tonnes per annum (MTPA) to 25.2 MTPA by 2030 to make it the largest Plant in the World in a single location, the Company’s Chairman Naveen Jindal has raised serious concern ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2021 Samco Mutual Fund on Thursday announced the launch of its first new fund offer (NFO) “Samco Flexi Cap Fund”. The NFO will open on 17th of January 2022 and close on 31st Jan 2022. The fund managers of the scheme will be Nirali Bhansali and the dedicated fund manager for overseas investments will be ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2021 Since the start of the pandemic, Livinguard, the Swiss-based international leader in sustainable & self-disinfecting hygiene technology, has consistently showcased >99% efficacy against SARS-CoV-2 and its variants, with no recovery of viable viruses, and Omicron will be no different. It has been proven effective against the human coronavirus 229E, the original wild variant of ...

TBB BUREAU BHUBANESWAR, JANUARY 6, 2021 Adding to its growing range of digital payments and financial services solutions, Airtel Payments Bank, one of the leading FASTag issuers in India, today announced a collaboration with Park+ to offer FASTag based smart parking solutions to marquee commercial and residential properties across the country. Park+ is the market leader in automating parking spaces ...

TBB BUREAU NEW DELHI, JANUARY 6, 2021 Aligned to the government’s vision of modernizing country’s infrastructure, Prime Minister Narendra Modi recently inaugurated a 9-km long completed stretch of Uttar Pradesh Metro Rail Corporation (UPMRC)’s Kanpur Metro Project. This metro network sports modern coaches manufactured with stainless steel supplied by Jindal Stainless. Rolled out by UPMRC in a record time of ...