The Business Bytes

TBB BUREAU GURUGRAM, JANUARY 6, 2021 BMW Motorrad India has once again set a new benchmark in performance by achieving the highest ever annual sales by a premium motorcycle brand in India. In 2021, BMW Motorrad India sold 5,191 motorcycles, posting a remarkable growth of 102.5% as compared to 2020. BMW Group India President Vikram Pawah said, “Since entering the ...

TBB BUREAU MUMBAI, JANUARY 5, 2022 Nippon India Mutual Fund (NIMF) on Wednesday announced the launch of Nippon India Silver ETF, investing in physical silver and silver-related instruments. It also announced the launch of Nippon India Silver ETF Fund of Fund (FOF) which will invest in units of Nippon India Silver ETF. “With the First Silver FoF in the Industry, ...

TBB BUREAU BHUBANESWAR, JANUARY 5, 2021 Union Railway Minister Ashwini Vaishnaw will flag off the Puri-Hatia-Puri Tapaswini Express with upgraded LHB Rake on Thursday through videoconferencing from Bhubaneswar Railway Station. In a bid to provide better comfort and jerk free journey to the passengers, Indian Railway has decided to run 18452/18451 Puri-Hatia-Puri Tapaswini Express with modern Linke-Hofmann-Busch (LHB) coaches by ...

TBB BUREAU BHUBANESWAR, JANUARY 5, 2021 The Industrial Promotion & Investment Corporation of Odisha Limited (IPICOL) and GAIL (India) Limited on Wednesday signed a Memorandum of Understanding (MoU) for cooperation in the areas of green hydrogen, green ammonia and renewable energy (solar/wind) for the production of eco-friendly fuels in Odisha. Scope of the MoU inter-alia includes preparing a feasibility study ...

TBB BUREAU NEW DELHI, JANUARY 5, 2021 The journey of Atal Pension Yojana (APY) over six and half years since its inception has been substantive with 3.68 crore enrolments. The performance in this financial year (FY22) has been good as more than 65 lakh subscribers enrolled which is the highest ever enrolment during the same period since the launch of ...

TBB BUREAU ROURKELA, JANUARY 5, 2022 Rourkela Steel Plant (RSP), a unit of Maharatna Company SAIL, emerged stronger from the pandemic blues to post brilliant overall performance in various key areas in the Calendar Year 2021. The Steel Plant produced highest ever 4.37 Million Tonnes (MT) Hot Metal, 3.99 MT Crude Steel and 3.69 MT Saleable Steel in 2021. RSP ...

TBB BUREAU KANIHA, JANUARY 5, 2021 A new vegetable market developed for the local vendors at NTPC Kaniha was inaugurated on here on Wednesday. The market was inaugurated by Dhenkanal MP Mahesh Sahoo, in presence of Shri Talcher MLA Braja Kishore Pradhan, and NTPC Kaniha Executive Director K Srinivasa Rao. The new vegetable market is a part of NTPC Kaniha’s ...

TBB BUREAU BHUBANESWAR, JANUARY 5, 2021 TPWODL, a joint venture between Tata Power and the Odisha Government for power distribution in Western Odisha, on Wednesday celebrated the completion of the first year of its successful operations in the region. Since its formation, TPWODL has continuously invested in improving the power distribution infrastructure of Western Odisha and ensured affordable and reliable ...

TBB BUREAU NEW DELHI, JANUARY 5, 2022 Vedanta Aluminium Business, India’s largest producer of aluminium and value-added products, has signed an agreement with GEAR (Gemini Equipment and Rentals Private Limited) India, to deploy one of the largest fleets of lithium-ion battery-powered electric forklifts, becoming the first in Indian aluminium industry to undertake such an initiative. The company shall commission 23 ...

TBB BUREAU NEW DELHI, JANUARY 5, 2022 GAIL (India) Limited has acquired equity stake of 26% in ONGC Tripura Power Company (OTPC), which owns and operates a 726.6 MW gas-based combined cycle power plant in Palatana, Tripura. The stake has been acquired from IL&FS Group companies namely, IL&FS Energy Development Company Limited and IL&FS Financial Services Limited. GAIL and IL&FS ...