The Business Bytes

TBB BUREAU NEW DELHI, DEC 9, 2021 Paytm Payments Bank has gained Reserve Bank of India approval to function as a scheduled payments bank, it said on Thursday, helping it to widen its financial services operations. Paytm Payments Bank, a niche bank that cannot lend on its own, had more than 64 million savings accounts and over Rs 5,200 crore ...

TBB BUREAU NEW DELHI, DEC 9, 2021 Despite being hit by the lack of construction activities due to covid-19 for a year, the steel industry has bounced back and had reported a 25.6% growth in crude steel production in the first eight months of year 2021, Infomerics Valuation and Rating said on Thursday. According to government data, the country’s crude ...

TBB BUREAU BHUBANESWAR, DEC 9, 2021 Customers in Odisha have responded enthusiastically to Navi’s 100% digital, paperless app-based health insurance launched last December. With wide coverage of 125 network hospitals spread across Odisha, ranging from Shanti Memorial Hospital in Cuttack to Gupta Nursing Home in Barla, the state has emerged among the important markets for Navi Insurance, contributing close to ...

TBB BUREAU NEW DELHI, DEC 8, 2021 Federation of Indian Chambers of Commerce and Industry (FICCI) state council, in its recent letter to the Ministry of Coal, has addressed the issue of the proposed increase in coal rakes for power sector that in turn will deprive the consumers of Non-Regulated Sector (NRS) from getting sufficient coal rakes, ultimately leading to ...

TBB BUREAU MUMBAI, DEC 8, 2021 Reliance BP Mobility Limited (RBML), operating under the brand name Jio-bp and The Mahindra Group, today announced a non-binding MoU for exploring creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels. The MoU also covers evaluating charging solutions by Jio-bp for Mahindra vehicles including electric 3 and 4 wheelers, ...

TBB BUREAU NEW DELHI, DEC 8, 2021 India must complete the migration from 2G to 4G to 5G at the earliest and the roll out of 5G should be the country’s national priority to join the next-gen digital transformation bandwagon, said Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL), here on Wednesday. Delivering the virtual keynote address at ...

TBB BUREAU MUMBAI, DEC 7, 2021 Billionaire Mukesh Ambani’s Reliance Industries Limited (RIL) and Abu Dhabi state-owned Chemicals Derivatives Company (TA’ZIZ) have agreed to start a more than $2 billion chemical production partnership in Ruwais, UAE. The TA’ZIZ Industrial Chemicals Zone is a joint venture between Abu Dhabi National Oil Company (ADNOC) and ADQ. The Ta’ziz Industrial Chemical Zone projects ...

TBB BUREAU NEW DELHI, DEC 7, 2021    Vedanta Aluminium Business, India’s largest producer of aluminium and its value-added products, has on Tuesday extended invitation to aluminium producers at the Enterprise Odisha 2021 event for partnering in its Aluminium Park project which will come up at Jharsuguda in Odisha.    Vedanta Aluminium has partnered with Odisha Industrial Infrastructure Development Corporation ...

TBB BUREAU BHUBANESWAR, DEC 7, 2021 India’s leading fashion and beauty destination Shoppers Stop is turning 30 and is all set to celebrate this illustrious journey with its customers. With evolving times, the brand has consistently innovated with the changing consumer dynamics to ensure an impeccable shopping experience for its customers. There is a stellar collection of defining and landmark ...

TBB BUREAU NEW DELHI, DEC 6, 2021 The Indian Captive Power Producers Association (ICPPA) in a recent representation to Ministry of Coal, Railways and Power, has sought urgent support for normalizing the coal supplies to Captive Power Plant (CPP) based industries. It has highlighted the issue of insufficient coal rake supplies to CPP based industries at levels of 40 per ...