The Business Bytes

TBB BUREAU NEW DELHI, JUNE 17, 2021 Notwithstanding the Covid-19 pandemic, Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover in the financial year 2020-21 (FY21). In FY21, KVIC registered a gross annual turnover of Rs. 95,741.74 crore as compared to Rs. 88,887 crore recorded in the previous fiscal, registering an increase of 7.71 percent. KVIC’s record performance ...

NEW YORK, JUNE 17           Microsoft has named Chief Executive Officer Satya Nadella as the company’s Chairman.            “In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board’s review,” the company said ...

TBB BUREAU NEW DELHI, JUNE 17, 2021 An environment friendly hand sanitizer that is gentle on the hands and lasts longer, will soon be available in the market. The alcohol-free, aqueous, non-inflammable and non-toxic hand sanitiser has been developed from silver nanoparticles by a Pune-based start-up. The hand sanitizer developed by WeInnovate Biosolutions prolongs antimicrobial activity, thus obviating the need ...

TBB BUREAU NEW DELHI, JUNE 16, 2021 The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy Rates for Phosphatic & Potassic (P&K) fertilizers for the year 2021-22 (till the present season). The subsidy rate for Nitrogen has been fixed at Rs ...

TBB BUREAU BHUBANESWAR, JUNE 16, 2021 As the Covid-induced lockdown made it difficult for its employees to visit consumers’ premises to take meter reading, Tata Power Central Odisha Distribution Ltd (TPCODL) on Wednesday announced the launch of its Self-Meter Reading App – ‘TPCODL MITRA’, which enables customers to scan their meter reading and generate the bill instantaneously through simple steps. ...

TBB BUREAU LANJIGARH, JUNE 16, 2021 The Lanjigarh Unit of Vedanta Limited has launched ‘Sashakti Suvidha Kendra’ to help local women sustain their livelihood through various challenges posed by the Covid-19 pandemic. The Sashakti Suvidha Kendras are aimed at facilitating the marketing and sales of various products like turmeric, ragi, various spices, dry snacks, puffed rice, pulses, rice, paper plates, ...

TBB BUREAU NEW DELHI, JUNE 16, 2021 The Asian Development Bank (ADB) and the Government of India on Wednesday signed a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. CKIC is part of India’s East Coast Economic Corridor (ECEC), which stretches from West Bengal to Tamil Nadu and ...

TBB BUREAU NEW DELHI, JUNE 16, 2021 Defence Minister Rajnath Singh on Wednesday called for an open and inclusive order in Indo-Pacific based upon respect for sovereignty and territorial integrity of nations while addressing the 8th ASEAN Defence Ministers Meeting (ADMM) Plus. Singh also stressed on “peaceful resolutions of disputes through dialogue and adherence to international rules and laws.” “India ...

TBB BUREAU MUMBAI, JUNE 16, 2021 In the context of the public discourse regarding detection of new variants, Member (Health), NITI Aayog, Dr. VK Paul has reminded the public that the newly detected Delta Plus Variant is not yet classified as a Variant of Concern. “The present status is that yes, a new variant has been found. This is as ...