The Business Bytes

Mumbai, September 5, 2024 (TBB Bureau): Reliance Industries Ltd., India’s most valuable company, has announced a 1:1 bonus issue, marking its first such issuance in seven years. The decision, approved by the board on Thursday, will see shareholders receiving one new fully paid-up equity share of ₹10 for every existing fully paid-up share they hold. This move, subject to shareholder ...

Kolkata, September 5, 2024 (TBB Bureau): In a strategic move to expand its reach in the vehicle financing sector, Bandhan Bank has partnered with Ashok Leyland, one of India’s leading commercial vehicle manufacturers. The Memorandum of Understanding (MoU) signed on Thursday marks a significant collaboration aimed at providing customized vehicle financing options for customers across the country. Through this partnership, ...

Bhubaneswar, September 5, 2024 (TBB Bureau):  In a significant move to bolster the financial security of its employees, East Coast Railway (ECoR) has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI). This partnership aims to provide a range of exclusive financial benefits and services tailored specifically for ECoR’s extensive workforce. The MoU covers ECoR’s 59,762 ...

Mumbai, September 05, 2024 (TBB Bureau):  India’s telecom giant, Reliance Jio, is celebrating its 8th anniversary with a bang, unveiling a range of exclusive offers for its customers. Between September 5 and September 10, Jio users can avail themselves of benefits worth Rs 700 on select recharge plans, including the quarterly plans of Rs 899 and Rs 999, and the ...

Jharsuguda, September 5, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, has inaugurated an advanced simulation training centre for Light Motor Vehicle (LMV) and Heavy Motor Vehicle (HMV) drivers at its expansive aluminium plant in Jharsuguda. This new facility represents a major step in the company’s commitment to enhancing road safety, skill development, and operational excellence in the transportation ...

Bongaigaon, September 04, 2024 (TBB Bureau): The 7-A-Side Departmental Football Tournament 2024 at NTPC Bongaigaon concluded with an electrifying final match on September 3, 2024, where Operation Thunders secured a hard-fought victory over Operation Strikers with a narrow 1-0 scoreline. The intense match kept the audience on the edge of their seats until the last whistle, capping off a spirited ...

Bhubaneswar, September 04, 2024 (TBB Bureau): The Security Solutions business of Godrej & Boyce, part of the Godrej Enterprises Group, has launched its latest range of high-security products designed specifically for the jewellery sector. The newly introduced Defender Aurum Pro safes are built to meet the recently established Class E standards set by the Bureau of Indian Standards (BIS). This ...

Sijimali (Rayagada), September 04, 2024 (TBB Bureau):  In a significant move to support education in remote areas of Odisha, Vedanta Aluminium, India’s largest aluminium producer, has distributed school kits to more than 4,000 students across 50-plus schools near its Kuraloi and Sijimali mines in the tribal-dominated districts of Rayagada, Kalahandi, and Jharsuguda. The school kits, which include a school bag, ...

Mumbai, September 03, 2024 (TBB Bureau): Education loans, particularly those aimed at funding overseas studies, are emerging as one of the fastest-growing segments for non-banking financial companies (NBFCs) in India, driven by increasing demand for higher education. According to CRISIL Ratings, NBFCs’ education loan assets under management (AUM) are projected to grow by 40-45 per cent this fiscal, crossing the ...

Bhubaneswar, September 03, 2024 (TBB Bureau):  Mivi, a prominent innovator in wireless audio technology, has launched its latest True Wireless Stereo (TWS) earbuds, the SuperPods Opera. This third generation of the SuperPods series sets a new benchmark for high-fidelity sound and marks a significant milestone for Mivi, as it becomes the first Indian brand to receive the Hi-Res Wireless Audio ...