The Business Bytes

TBB BUREAU NEW DELHI, JUNE 16, 2021 India’s banana export continued its growth this year in terms of volume as well as value. A total of 1.91 lakh tonnes of banana worth Rs 619 crore has been exported during FY2020-21 (April to February), the Ministry of Commerce and Industry said on Wednesday. India’s banana exports grew from 1.34 lakh metric ...

TBB BUREAU BHUBANESWAR, JUNE 15, 2021 Jaypore, from the house of Aditya Birla Fashion and Retail Limited (ABFRL), has forayed into the menswear category. The brand, after leading the market for handcrafted and artisanal women’s wear and jewellery, has now entered the USD 28bn worth menswear market with its first-ever range of exquisite kurtas, indie-wear, elegant shirts and trousers made ...

TBB BUREAU NEW DELHI, JUNE 15, 2021 Dalmia Bharat Sugar & Industries Ltd. on Tuesday said that it plans to augment its ethanol manufacturing capacity to 15 crore litres per annum from January 2022, from eight crore litres currently. The move is in line with the government’s decision to raise ethanol blending in auto fuels to 20 per cent by ...

TBB BUREAU MUMBAI, JUNE 15, 2021 LIC Cards Services Ltd (LIC CSL) has launched a contactless prepaid gift card ‘Shagun’ in collaboration with IDBI Bank on the RuPay platform. The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in ...

TBB BUREAU NEW DELHI, JUNE 15, 2021    State-owned non-banking finance company Power Finance Corporation (PFC) has recorded the highest-ever net profit of Rs 8,444 crore for financial year 2020-21, a 49 per cent jump over the previous year. In FY20, the PFC had reported a net profit of Rs 5,655 crore on a standalone basis. The company’s consolidated net ...

TBB BUREAU BHUBANESWAR, JUNE 15, 2021 The Institute of Company Secretaries of India (ICSI) celebrated the 33rd ‘PCS Day’ today, to commemorate 15 June, 1988, a historic day when the Company Secretaries in practice were accorded recognition for certifying the annual returns under the erstwhile Companies Act, 1956. June 15, 1988 became the first milestone in the development of the practising ...

TBB BUREAU BHUBANESWAR, JUNE 15, 2021 Edtech company WhiteHat Jr on Tuesday said it has partnered non-governmental organisation CRY – Child Rights and You to inspire children to create real-world mobile applications. As a part of this new partnership, CRY will recognize/certify participating WhiteHat Jr. students who create mobile apps furthering the cause of social impact. In addition, senior leaders ...

TBB BUREAU NEW DELHI, JUNE 14, 2021      “It is mankind’s collective responsibility to reverse the damage to land caused by human activity. It is our sacred duty to leave a healthy planet for our future generations”, said Prime Minister Narendra Modi while delivering the keynote address at the UN “High-Level Dialogue on Desertification, Land Degradation and Drought” via videoconferencing ...

TBB BUREAU KOLKATA, JUNE 14, 2021 State-run Coal India Limited (CIL) on Monday reported a marginal 1.1 per cent decline in its consolidated profit at Rs 4,586.78 crore for the fourth quarter of FY2020-21 on the back of lower sales, as against Rs 4,637.95 crore posted in the year-ago period. The consolidated sales in the January-March period declined to Rs ...

TBB BUREAU NEW DELHI, JUNE 14, 2021 JK Tyre plans to spend Rs 200 crore in the next two years to enhance its production capacity through de-bottlenecking of its plants. The company is focusing on prudent capital allocation and tight management of its working capital to ensure accelerated de-leveraging going forward, JK Tyre said in a statement on Monday. “Going ...