The Business Bytes

New Delhi, October 14, 2024 (TBB Bureau): Vedanta Limited has appointed David John as Strategy Director and Dr. A.B. Subbaiah as Team Manager for the Kalinga Lancers, ahead of the highly anticipated return of the Hockey India League (HIL) in 2024, following a seven-year hiatus. These strategic appointments reflect Vedanta’s commitment to building a top-performing team, poised to excel in ...

Jharsuguda, October 14, 2024 (TBB Bureau): Vedanta Jharsuguda marked the festival of Dussehra with grandeur and a deep sense of community, embracing the festival’s core message of the triumph of good over evil. The multi-day celebration brought together employees and their families to participate in traditional rituals, cultural performances, and community-building activities, fostering a spirit of unity and shared joy. ...

Mumbai, October 14, 2024 (TBB Bureau): According to a recent analysis by CRISIL Ratings, India’s cement demand is projected to grow at a moderate pace of 7-8% year-on-year, reaching approximately 475 million tonnes (MT) this fiscal year. This follows a robust compound annual growth rate (CAGR) of 11% from fiscal years 2022 to 2024. Despite the slowdown, the operating profitability ...

Bhubaneswar, October 11, 2024 (TBB Bureau): Utkal Alumina International Ltd. (UAIL), an Aditya Birla Group company, has launched an ambitious initiative, Project URMI, aimed at transforming healthcare access and outcomes for thousands of residents in the Kashipur Block of Rayagada district and the Thuamul Rampur Block in Kalahandi districk of Odisha. Over the next three years, the project is set ...

Mumbai, October 10, 2024 (TBB Bureau):  Mayukh Dealtrade Limited, a BSE-listed company engaged in the manufacturing of industrial burners, has announced plans to raise up to Rs. 49 crore through a rights issue of equity shares. The proposal, approved by the Board of Directors on August 30, 2024, is aimed at enhancing the company’s growth trajectory. The funds will be ...

New Delhi, October 10, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, has achieved a significant milestone by becoming the first Indian smelter to integrate with the London Metal Exchange (LME) Passport platform. This landmark achievement positions Vedanta Aluminium as one of only five primary aluminium producers globally to digitally connect its metal quality analysis system with the LME ...

Bhubaneswar, October 10, 2024 (TBB Bureau): Under Armour, the global sportswear giant, has made its much-anticipated debut in Odisha with the opening of its first exclusive store at Bhubaneswar’s Nexus Esplanade Mall on Thursday. The store was inaugurated by none other than Olympic and World Champion Neeraj Chopra, who received a warm welcome from sports enthusiasts, fitness buffs, and his ...

Mumbai, October 10, 2024 (TBB Bureau): Ageas Federal Life Insurance Company Limited proudly announces the appointment of Jude Gomes as the new Managing Director & Chief Executive Officer (MD & CEO). This appointment has received the necessary approval from the Insurance Regulatory and Development Authority of India (IRDAI). Jude Gomes, a seasoned industry leader, brings over three decades of extensive ...

Jharsuguda, October 10, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, in collaboration with the District Health Department of Jharsuguda, organized a health awareness program in the villages of Sunarimunda and Brundamal. The initiative, which reached over 200 local residents, underscores Vedanta Aluminium’s commitment to enhancing the health and well-being of the communities around its operations. The event featured ...

Mumbai, October 9, 2024 (TBB Bureau):  Ratan Naval Tata, the Chairman Emeritus of Tata Sons and one of India’s most revered business leaders, passed away on Wednesday at the age of 86 at Breach Candy Hospital, Mumbai, following age-related health complications. His death marks the end of an era in Indian industry and leaves a profound void in the corporate, ...