The Business Bytes

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 ...

TBB BUREAU NEW DELHI, JUNE 14, 2021             On the back of costlier food items, retail inflation rose to 6.3 per cent in May, government data showed on Monday.        The Consumer Price Index (CPI) based inflation stood at 4.23 per cent in April.        As per the data released by the National Statistical Office (NSO), inflation in the ...

TBB BUREAU NEW DELHI, JUNE 14, 2021 In view of the difficulties reported by taxpayers in electronic filing of Income Tax Forms 15CA/15CB on the portal www.incometax.gov.in, the Union Government has decided that taxpayers can submit the aforesaid Forms in manual format to the authorized dealers till June 30th, 2021. Authorized dealers are advised to accept such Forms till June ...

TBB BUREAU BHUBANESWAR, JUNE 14, 2021 Amway India, one of the country’s leading FMCG direct selling companies, today announced the launch of its Nutrilite Vitamin C Cherry Plus intended for individuals with weakened immunity that comes with the benefit of extended-release technology. The Nutrilite Vitamin C Cherry Plus provides steady release of Vitamin C into the body for over 8 ...