The Business Bytes

Mumbai, September 9, 2024 (TBB Bureau): Union Bank of India has announced its decision to become a signatory to the Partnership for Carbon Accounting Financials (PCAF), a move that aligns with the growing global emphasis on climate risk management and the recent draft guidelines issued by the Reserve Bank of India (RBI) on climate risk disclosures. PCAF is a global ...

Bhubaneswar, September 9, 2024 (TBB Bureau): Akhil Kumar Mishra, a distinguished officer from the 1999 batch of the Indian Information Service, has assumed the role of Additional Director General (ADG) of the Press Information Bureau (PIB) and the Central Bureau of Communication (CBC) in Bhubaneswar, under the Ministry of Information and Broadcasting. In addition to his primary responsibilities, Mishra will ...

The new Framework Convention on Artificial Intelligence, signed by key global powers, emphasizes transparency, accountability, and human oversight to prevent AI from reinforcing biases and inequalities, while still encouraging innovation, writes Jayajit Dash   In the annals of history, certain documents stand out as beacons of progress. The Magna Carta, the Universal Declaration of Human Rights, and the Geneva Conventions ...

Mumbai, September 9, 2024 (TBB Bureau): Vaishali Pharma Ltd., a leading Mumbai-based pharmaceutical company, has announced a 1:1 bonus issue and a 1:5 stock split, a move aimed at rewarding existing shareholders, enhancing liquidity, and expanding its shareholder base. This decision, made during the board meeting held recently, is subject to necessary regulatory and shareholder approvals. The board approved the ...

Bhubaneswar, September 07, 2024 (TBB Bureau): TP Central Odisha Distribution Limited (TPCODL), a joint venture of Tata Power and the Government of Odisha, has announced an ambitious plan to solarise one lakh residential buildings under the PM-Suryaghar: Muft Bijli Yojana. As the designated State Implementing Agency for this initiative, TPCODL aims to install rooftop solar power systems for residential consumers ...

Bongaigaon, September 07, 2024 (TBB Bureau): NTPC Bongaigaon, in partnership with the Assam Cancer Care Foundation (ACCF), has inaugurated a comprehensive cancer care program in Kokrajhar district as part of its Corporate Social Responsibility (CSR) initiatives. This program aims to provide crucial healthcare services to communities throughout the region. The launch event was marked by the presence of several prominent ...

Jharsuguda, September 07, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, conducted a comprehensive on-site emergency mock drill at its aluminium plant in Jharsuguda. The drill, focusing on transformer fires and subsequent rescue operations, was aimed at enhancing the emergency response capabilities of the plant’s workforce and ensuring preparedness in the event of an actual emergency. The mock drill ...

Bhubaneswar, September 6, 2024 (TBB Bureau): Union Minister Anupriya Patel announced on Friday that Odisha is set to emerge as a leader in the petrochemical sector, which is anticipated to become a USD 1 trillion industry by 2047. Speaking at the “Advanced India: Indian Chemicals and Petrochemicals Paving the Future” conference in Bhubaneswar, Patel highlighted Odisha’s potential to become a ...

Bhubaneswar, September 6, 2024 (TBB Bureau): Tata Power-led Odisha Discoms have demonstrated a strong commitment to the state’s economic development by awarding contracts worth Rs 11,481 crore to local contractors and suppliers. Of this total, Rs 8,690 crore have been allocated to local MSMEs, while Rs 2,791 crore have gone to non-MSMEs over the past three years since the Discoms ...

New Delhi, September 06, 2024 (TBB Bureau): Jindal Stainless, India’s leading stainless steel manufacturer, has provided stainless steel for the Vande Bharat sleeper coaches, the prototype of which was recently unveiled by the Railway Minister Ashwini Vaishnaw, in Bengaluru recently. Jindal Stainless supplied high-strength tempered 301L grade austenitic stainless steel for this prestigious government project. The coaches are being manufactured ...