The Business Bytes

TBB BUREAU MUMBAI, JULY 22, 2021 Stressed steel plants, acquired under the Insolvency and Bankruptcy Code (IBC) resolution process are seeing faster returns. Despite pandemic-linked blips, domestic demand outlook remains strong which has helped acquirers ramp up utilisation levels. The ongoing steel upcycle will also mean stronger-than-expected realisations over the medium term. Consequently, acquirers may see 20% faster payback2 and ...

TBB BUREAU MUMBAI/BHUBANESWAR, JULY 22, 2021 German luxury car maker Audi on Thursday made a giant leap in its journey of electric mobility with the launch of three all-electric SUVs in India under its e-tron range with prices starting from Rs 99.99 lakh. The three all-electric SUVs — e-tron 50, e-tron 55 and e-tron Sportback 55 — are priced at ...

TBB BUREAU BHUBANESWAR, JULY 20, 2021 Nippon Life India Asset Management (NAM India), asset manager of Nippon India Mutual Fund (NIMF), on Tuesday announced the launch of Nippon India Flexi Cap Fund, an open-ended dynamic equity scheme aimed at capturing the opportunities across Market Caps. “Nippon India Flexi Cap Fund seeks to create long-term capital appreciation by investing in a ...

TBB BUREAU JODA, JULY 20, 2021 In line with its commitment towards environmental sustainability, the Manganese Group of Mines, Bichakundi of Tata Steel’s Ferro Alloys & Manganese Division (FAMD) has set up a 400 KLD (kilolitres per day) Water Treatment Plant at Bichakundi under Joda Block of Keonjhar district in Odisha. The facility was inaugurated on July 19, 2021 by ...

TBB BUREAU BHUBANESWAR, JULY 20, 2021 Odisha Governor Prof. Ganeshi Lal on Tuesday urged the National Bank for Agriculture and Rural Development (NABARD) to increase its efforts, especially towards new age skill development initiatives providing employment to the rural youth. The Governor, who graced the 40th Foundation Day celebration function of NABARD as chief guest, appreciated NABARD for its consistent ...

TBB BUREAU MUMBAI, JULY 20, 2021 Godrej & Boyce, the flagship company of the Godrej Group, on Tuesday announced its foray into the dishwashers market with its new range of Godrej Eon Dishwashers, and is eyeing 15 per cent market share by the end of this financial year (FY2021-22) in this segment. “The pandemic has upped stress level of consumers ...

TBB BUREAU BHUBANESWAR, JULY 20, 2021 Odisha FC on Tuesday announced the signing of its new Head Coach Francisco “Kiko” Ramírez González ahead of the upcoming eighth season of the Hero Indian Super League (Hero ISL). The 51-year-old Spaniard has signed for the Bhubaneswar-based franchise for one year with an option to extend after the season. After his retirement from ...

TBB BUREAU MUMBAI, JULY 19, 2021 nurture.farm, a digital platform for growers, farming communities and food systems, is scaling and expanding its global reach as a part of the OpenAg network. The OpenAg network was conceived by UPL Ltd, a world leader in sustainable agriculture. The nurture.farm platform fosters resilient farmers, making agriculture simple, profitable and sustainable for generations to ...

TBB BUREAU BHUBANESWAR, JULY 19, 2021 Tata Steel Mining (TSML) and Jindal Stainless (JSL) have signed a memorandum of understanding (MoU) to jointly unearth the Chrome Ore locked up in the boundary between their mines located in Sukinda of Jajpur district in Odisha. This would help conservation of chromite ore which otherwise would have been left unmined forever. The MoU ...

TBB BUREAU NEW DELHI, JULY 19, 2021 Vedanta Aluminium Business, India’s largest producer of the aluminium and value-added products, has invited partnerships from cement producers for using its by-products for manufacturing low-carbon cement. The company expressed its interest for long-term collaboration with cement industry players on opportunities of using fly ash (a by-product in thermal power generation) and bauxite residue ...