The Business Bytes

TBB BUREAU LANJIGARH, MAY 3, 2021 The Lanjigarh Unit of Vedanta Limited, India’s premier producer of metallurgical grade alumina, has come forward to support the Government and District Administration in their fight against COVID-19. As part of its corporate social responsibility, the unit has provided 100 sets of RT-PCR Test kits to the District Headquarters Hospital, Bhawanipatna. With each set ...

TBB BUREAU NEW DELHI, MAY 3, 2021 Vernacular social gaming platform WinZO on Monday said that it has bought back early investor Hike’s shares for $12 million, making it one of the largest buyback transactions by an early stage firm in the Indian start-up ecosystem. The move gives a complete exit to Hike with four-fold returns on their investment in ...

TBB BUREAU BHUBANESWAR, MAY 2, 2021 Keeping in view the sharp rise in Covid-19 cases, the Odisha Government on Sunday announced to impose 14-day statewide lockdown starting from May 5, 2021. During this period, healthcare and other services will continue as usual. People will be allowed to purchase essential commodities within 500-metre radius of their residences between 6 am and ...

TBB BUREAU NEW DELHI, MAY 1, 2021 Sanjay Kumar Mohanty on Saturday took over the charge of Member (Operations & Business Development), Railway Board in the Ministry of Railways and Ex Officio Secretary to the Government of India. Sanjay Kumar Mohanty Prior to the new assignment, Mohanty was General Manager, South Eastern Railway. An alumnus of Delhi School of Economics ...

TBB BUREAU NEW DELHI, MAY 1, 2021 With the Covid-19 cases rising at an alarming rate in the country, state-run Steel Authority of India Limited (SAIL) is planning to set up jumbo medical facilities of about 2,500 beds with gaseous oxygen (GOX) for Covid treatment. This will be in addition to the facilities currently available at SAIL’s five integrated steel ...

TBB BUREAU NEW DELHI, MAY 1, 2021 The gross Goods and Services Tax  (GST) revenue collection for April 2021 hit new record high of Rs 1,41,384 crore, of which CGST was Rs 27,837 crore, SGST Rs 35,621,  IGST Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods), and Cess Rs. 9,445 crore (including Rs. 981 crore collected ...

TBB BUREAU NEW DELHI, MAY 1, 2021 Amid increasing demand for oxygen due to rapid surge in COVID-19 cases across the country, the government has allowed imports of oxygen concentrators for personal use through post, courier or e-commerce portals under the ‘gifts’ category, the Ministry of Commerce & Industry said on Saturday. The exemption for oxygen concentrators is allowed till ...

TBB BUREAU BHUBANESWAR/MUMBAI, MAY 1, 2021 As India grapples with an unprecedented new wave of the Covid Pandemic, Reliance Industries Limited (RIL) has scaled up its production of medical grade liquid oxygen, thus becoming the country’s largest producer of this life-saving resource from a single location in just over a year’s time. Traditionally, Reliance is not a manufacturer of medical ...

TBB BUREAU NEW DELHI, MAY 1, 2021 As a special dispensation, the Department of Expenditure, Ministry of Finance at the recommendation of Ministry of Home Affairs has released in advance of the normal schedule the first instalment of the central share of the State Disaster Response Fund (SDRF) of Rs 8873.6 crore for the year 2021-22 to all the States, ...

TBB BUREAU MUMBAI, APRIL 30, 2021 Reliance Industries Limited (RIL) on Friday reported a 108 per cent growth in its consolidated net profit for the January-March quarter (Q4) of financial year 2020-21 (FY21) at Rs 13,227 crore as against a net profit of Rs 6,348 crore in Q4FY20. The oil-to-telecom giant reported a revenue from operations of nearly Rs 1.55 ...