The Business Bytes

New Delhi, July 12, 2024 (TBB Bureau):  Indian Railways has achieved a significant milestone in coal transportation, marking a record increase in coal loading during the financial year 2023-24. According to data released by the Ministry of Railways, coal loading surged to 787.58 million tons, up from 727.98 million tons in the previous fiscal year 2022-23, registering a substantial rise ...

Puri, July 12, 2024 (TBB Bureau): The annual Rath Yatra festival in Puri has taken on a new dimension this year with the introduction of the ‘Sunfeast Surjyalay’ experience zone by Sunfeast Marie Light. Dedicated to celebrating the cultural extravaganza and the symbolic significance of the sun, the zone offers devotees a unique opportunity to engage deeply with the festival. ...

Bhubaneswar, July 11, 2024 (TBB Bureau): The global community on Wednesday marked ‘World Population Day,’ a day dedicated to addressing crucial issues surrounding family planning and population management. In Odisha, the occasion was observed with a renewed commitment to safeguarding reproductive rights and empowering women of reproductive age. Dr. Jitendra Mohan Bebortha, Special Secretary – PH, Health & FW, Govt. ...

New Delhi, July 11, 2024 (TBB Bureau): Government e-Marketplace (GeM) has reported a substantial growth with a gross merchandise value (GMV) of Rs 1.25 lakh crore in the first quarter (April-June) of the financial year 2024-25, marking a remarkable 136% increase from last year’s Rs 52,670 crore in the same quarter. The services segment emerged as the key driver, achieving ...

New Delhi, July 11, 2024 (TBB Bureau):  Vedanta Aluminium, India’s largest producer of aluminium, has announced a significant expansion of its electric lithium-ion forklift fleet to 66 units, further cementing its position as the largest operator of such forklifts in the country. This strategic move underscores the company’s dedication to sustainable practices and its ongoing decarbonization journey. In a recent ...

New Delhi, July 11, 2024 (TBB Bureau):  The Exploration and Production (E&P) sector presents investment opportunities worth 100 billion USD by 2030, announced Hardeep Singh Puri, Minister of Petroleum & Natural Gas, during his address at the inaugural session of the first edition of Urja Varta. Emphasizing the sector’s role in achieving energy self-sufficiency and fostering economic growth, the Minister ...

Bhubaneswar, July 11, 2024 (TBB Bureau): MedGenome, a leading global genomics-driven diagnostics and research services company, has announced the acquisition of a stake in GenX Diagnostics, a prominent diagnostic lab chain in Odisha. Founded in 2017, GenX Diagnostics has established a strong regional presence with seven diagnostic centers and 60 collection centers across the state, including a flagship laboratory in ...

Mumbai, July 11, 2024 (TBB Bureau): Tata Consultancy Services (TCS), India’s leading IT software services exporter, reported a 9 per cent rise in net profit to Rs 12,040 crore for the first quarter of the fiscal year 2024-25, compared to the same period last year. The company’s board approved an interim dividend of Rs 10 per share for the quarter, ...

New Delhi, July 11, 2024 (TBB Bureau): Punjab National Bank (PNB), the nation’s leading public sector bank, has signed a Memorandum of Understanding (MoU) with the Steel Authority of India Limited (SAIL) to provide Home Loans, Car Loans, and Education Loans to SAIL employees at concessional rates and with attractive features. This strategic partnership aims to enhance the financial well-being ...

New Delhi, July 11, 2024 (TBB Bureau): Optimum Nutrition, the world’s #1 sports nutrition brand, is thrilled to announce a partnership with double Olympic medallist PV Sindhu. This collaboration marks a significant milestone in Optimum Nutrition’s journey to encourage more women to achieve excellence in sports and fitness. Optimum Nutrition is part of Glanbia Performance Nutrition (GPN), a company renowned ...