The Business Bytes

New Delhi, August 26, 2024 (TBB Bureau): The domestic steel industry is bracing for a significant challenge following a recent Supreme Court ruling, with several states poised to impose a new mining cess that could severely impact profitability. According to ratings agency ICRA, this development is likely to compress operating margins across the sector, affecting both primary and secondary steel ...

New Delhi, August 26, 2024 (TBB Bureau): Small finance banks (SFBs) are projected to witness a robust growth in advances, estimated at 25-27% this fiscal, slightly lower than the previous fiscal’s 28% growth. The expansion is expected to be fueled by both segmental and geographical diversification, with a strong and increasing presence in semi-urban and rural markets, which continue to ...

New Delhi, August 26, 2024 (TBB Bureau): Punjab National Bank (PNB), one of the country’s leading public sector banks, has further enhanced its WhatsApp Banking Services by introducing two new features that allow customers to download their account statements and interest certificates directly via WhatsApp. These new features complement the growing array of non-financial services offered through PNB’s WhatsApp Banking, ...

Paradip, August 26, 2024 (TBB Bureau): Paradip Port Authority (PPA) has once again demonstrated its remarkable capabilities by successfully docking the MV THALASSINI AVARA (CAPE), a vessel chartered by Tata Steel Ltd., on Monday morning. This monumental event marks a significant achievement for the port, as the vessel carried a staggering 1,50,253 metric tonnes of steam coal — the highest ...

New Delhi, August 26, 2024 (TBB Bureau): Oriental Trimex Ltd, a leading processor and trader of natural stones in India announces a series of strategic developments that are set to redefine its operational capabilities, expand its market presence, and solidify its financial standing. These initiatives underscore the company’s unwavering commitment to innovation, growth, and customer satisfaction. Oriental Trimex Limited is ...

Hyderabad, August 26, 2024 (TBB Bureau): Raminfo Limited, a BSE-listed and innovation-led technology solutions provider, is making a groundbreaking entry into the agricultural sector with the launch of Kisan Drones Private Limited. This initiative aims to transform Indian agriculture by offering cutting-edge drone services designed to enhance farming practices and boost productivity. Kisan Drones Private Limited is conceived as a ...

BHUBANESWAR, AUGUST 24, 2024 (TBB BUREAU): Leading steelmaker Jindal Steel & Power (JSP) has received recognition for its exemplary corporate social responsibility efforts by winning the CSR Times Award in two distinct categories. The awards were presented by Goa Chief Minister Dr. Pramod Sawant during a ceremony held in Panjim, Goa. The event was attended by notable figures including Dr. ...

RANCHI, AUGUST 24, 2024 (TBB BUREAU):  Anil Kumar Jadli has been appointed as the new Director (HR) at NTPC, effective August 23, 2024. Starting his career with NTPC in 1993 as an Executive Trainee, Jadli’s progression to the top HR role highlights his dedication, commitment, and hard work. Jadli holds a postgraduate degree in Organic Chemistry from Garhwal University and ...

BHUBANESWAR, AUGUST 23, 2024 (TBB BUREAU): Tata Power Solar Systems Limited (TPSSL), a leading solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has announced a strategic collaboration with ICICI Bank, a prominent private sector bank in India, to provide loans for the purchase of solar panels and units for residential and corporate customers. ...

BHUBANESWAR, AUGUST 23, 2024 (TBB BUREAU):  The much-anticipated “Silk India – Wedding Collection” exhibition kicked off today at hotel The New Marrion in the capital city of Odisha. The event, which will run from August 23 to August 31, showcases a stunning array of ethnic weaves and traditional silk and cotton products crafted by artisans from across India. The exhibition, ...