The Business Bytes

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 ...

TBB BUREAU NEW DELHI/BHUBANESWAR, APRIL 30, 2021 SOS Children’s Villages India has announced that it is ready to provide short or long-term care to vulnerable children across the country whose safety, security, and well-being have been severely affected because of losing parental care due to the Covid-19 pandemic and have no caregivers left to provide parental for them. “In these ...

PRIYABRAT BISWAL BHUBANESWAR, APRIL 30, 2021 Chennai-based pharmaceutical company Apex Laboratories Private Limited on Friday launched its antiviral herbal formulation ‘Clevira’ that got the Central government’s approval as a supporting measure for mild to moderate condition of Covid-19, a senior official of the company said. Apex Laboratories said it has got the approval from the Ministry of Ayush for Clevira ...

TBB BUREAU NEW DELHI, APRIL 30, 2021 Cement maker Dalmia Bharat Ltd on Friday reported a sharp uptick in consolidated profit at Rs 640 crore for the fourth quarter (Q4) ended March 31, 2021, on account of higher revenue from operations and tax credit. Dalmia Bharat had reported a profit of Rs 24 crore in the corresponding period a year ...

TBB BUREAU NEW DELHI, APRIL 29, 2021                     Following widespread criticism of its pricing policy, Bharat Biotech on Thursday announced a cut in price of its COVID-19 vaccine ‘Covaxin’ it plans to sell to the States to Rs 400 per dose from the earlier Rs 600.            To recall Bharat Biotech sold Covaxin to the central government at Rs ...

TBB BUREAU BHUBANESWAR, APRIL 29, 2021 At a time when India is facing an acute shortage of oxygen supply amid a surge in Covid-19 cases, the United Kingdom has sent more vital oxygen equipment to India in support of the country’s fight against COVID-19. Three oxygen generation units have been sent from surplus stocks in Northern Ireland to support India ...

TBB BUREAU NEW DELHI, APRIL 29, 2021 Vedanta on Thursday said its Chairman Anil Agarwal has pledged Rs 150 crore to help India in its fight against deadly COVID-19 second wave. The amount is over and above Rs 201 crore that was spent by Vedanta Group in 2020, it said in a statement. The company will create additional capacity of ...

TBB BUREAU BHUBANESWAR, APRIL 28, 2021 As the second wave of the Covid-19 virus swells, to supplement the government’s efforts, ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel – in alliance with the Government of Gujarat and District Administration, Surat, has set up a 250-bed COVID care hospital at Hazira, which will receive ...

TBB BUREAU BHUBANESWAR, APRIL 28, 2021 KIIT Deemed to be University has become the first Indian university to achieve the “Five Stars Rating” from the prestigious QS Star Ratings System. The rating results were published on April 27, 2021. The QS Intelligence Unit, a division of QS Quacquarelli Symonds Ltd, rated KIIT as a Five Stars institution, the maximum achievable, ...