The Business Bytes

MUMBAI, APRIL 2, 2024 (TBB BUREAU):  Small Industries Development Bank of India (SIDBI) today commemorated 34 years of fostering entrepreneurship, innovation, and economic growth in India. Established in 1990 under the SIDBI Act of 1989, SIDBI has been pivotal in transforming the landscape of MSME financing and development. Over the years, SIDBI has implemented various initiatives aimed at providing financial ...

BHUBANESWAR, APRIL 2, 2024 (TBB BUREAU): In the fiscal year 2023-24 (FY24), the East Coast Railway (ECoR) has achieved a remarkable milestone by loading 256.22 million tons of originating freight. This significant accomplishment marks an impressive growth of 6.1 percent compared to the previous fiscal year, surpassing all records of Indian Railways in freight loading. ECoR has emerged as the ...

BHUBANESWAR, APRIL 2, 2024 (TBB BUREAU): Vedanta Aluminium, India’s largest producer of aluminium, marked the 89th Utkal Divas by paying tribute to Odisha’s rich cultural legacy and reiterating its steadfast dedication to the state’s advancement. Festivities, spanning across Vedanta’s operations in Odisha, showcased a harmonious fusion of tradition, art, industrial innovation, and community welfare initiatives. Utkal Divas, marking the foundation ...

BHUBANESWAR, APR 2, 2024 (TBB BUREAU)   National Aluminium Company Ltd. (NALCO), a Navratna CPSE and a prominent player in alumina and aluminium manufacturing and export, has marked significant milestones in production and sales for the fiscal year 2023-24 (FY24). In a historic achievement, NALCO has reached its highest-ever Cast Metal production of 463,428 metric tonnes, alongside recording its highest-ever ...

CHANDIGARH, APRIL 2, 2024 (TBB BUREAU): Torque Pharma, a leading pharmaceutical company in India, has received prestigious recognition for its ‘No Scars’ Cream, being hailed as one of the most trusted brands in the country. This accolade comes from TeamMarksmen, a renowned market research and consulting firm. The acknowledgment highlights Torque Pharma’s steadfast commitment to quality, innovation, and customer satisfaction. ...

BHUBANESWAR, APRIL 2, 2024 (TBB BUREAU) In a resounding display of its unrivalled prowess in the Odisha telecom landscape, Reliance Jio reaffirmed its position as the preferred digital service provider in the state, surpassing competitors by a significant margin. According to the latest data released by TRAI, Reliance Jio surged ahead by adding a staggering 1.3 lakh new mobile subscribers ...

Angul, April 02, 2024 (TBB Bureau):   Jindal Steel and Power (JSP) marked the 89th Utkal Divas with fervor and enthusiasm at its Angul plant premises on April 1st, paying homage to the illustrious sons of Odisha, including Utkal Gourav Madhusudan Das and Utkalmani Gopabandhu Das. Pankaj Malhan, Head of the Angul location and Executive Director, alongside Damodar Mittal and ...

New Delhi, April 02, 2024 (TBB Bureau): The Indian Renewable Energy Development Agency Limited (IREDA), recognized as the nation’s leading pure-play green financing Non-Banking Financial Company (NBFC), has achieved unprecedented milestones in the financial year 2023-24, as per an official statement released on Tuesday. During this fiscal year, IREDA has recorded its highest-ever annual loan sanctions, totaling an impressive Rs ...

NEW DELHI, APRIL 2, 2024 (TBB BUREAU): Nilkamal Sleep, a leading name in the furniture industry, has unveiled Bollywood heartthrob Ranbir Kapoor as its brand ambassador, marking the onset of an exciting collaboration set to redefine the mattress sector. Under the banner of “Thoughtfully Designed for You,” this partnership aims to revolutionize the sleeping experience for customers across India. With ...

Munich/Pune, April 02, 2024 (TBB Bureau):   BMW Group and Tata Technologies have officially announced the establishment of an automotive software and IT development hub, spanning across Pune, Bengaluru, and Chennai. This collaborative venture is set to deliver cutting-edge automotive software, including software-defined vehicle (SDV) solutions tailored for BMW Group’s premium vehicles, along with digital transformation solutions for its business ...