The Business Bytes

New Delhi, May 01, 2024 (TBB Bureau):  In a significant move towards social empowerment, the Dalmia Bharat Foundation (DBF), the corporate social responsibility arm of Dalmia Bharat Ltd. (DBL), has teamed up with Karur Vysya Bank (KVB) to sign a Memorandum of Understanding (MoU). The primary objective of this collaboration is to empower rural youth through skill development initiatives. The ...

New Delhi, May 01, 2024 (TBB Bureau):  In a bold move set to redefine the stainless steel landscape, Jindal Stainless, India’s premier stainless steel manufacturer, unveiled ambitious expansion and acquisition plans aimed at catapulting the company to global leadership status. With a strategic investment strategy totaling nearly Rs 5,400 crore, Jindal Stainless is poised to significantly enhance its melting and ...

New Delhi, May 01, 2024 (TBB Bureau):  Union Finance Minister Nirmala Sitharaman on Wednesday announced that India’s gross GST revenue collection for April this year surged to an all-time high of Rs 2.10 lakh crore. This marks a significant 12.4% year-on-year growth, propelled by robust increases in both domestic transactions, up 13.4%, and imports, up 8.3%. After accounting for refunds, ...

New Delhi, April 30, 2024 (TBB Bureau): Invest India underscored on Tuesday the substantial business prospects for critical mineral processing within the nation to overseas investors, elucidating the fiscal and non-fiscal perks extended to propel advancement in this burgeoning domain. On the conclding day of the critical minerals summit, primary mining states like Odisha and Andhra Pradesh also divulged the ...

New Delhi, April 30, 2024 (TBB Bureau): Who would have thought that metals and minerals could bring a chuckle? In a departure from the usual stoic Business-to-Business (B2B) approach, Vedanta Aluminium, India’s leading aluminium producer, has kicked off an amusing social media campaign dubbed ComicAL. This initiative ingeniously showcases the diverse capabilities of aluminium, often hailed as the ‘Metal of ...

Ahmedabad, April 30, 2024 (TBB Bureau):  Adani Total Gas Ltd (ATGL) on Tuesday announced robust financial results for FY24, with significant growth across key metrics. The company reported an EBITDA of Rs 1,150 crore, marking a remarkable surge of 27% year-on-year. Consolidated profit after tax (PAT) stood at Rs 668 crore, reflecting a substantial increase of 22% compared to the ...

New Delhi, April 30, 2024 (TBB Bureau):  REC, a leading government-owned financial institution, announced a robust 34% increase in net profit for the January-March quarter of the fiscal year 2023-24. The company’s net profit soared to Rs 4,016 crore, compared to Rs 3,001 crore during the same period in the previous year. The revenue from operations also witnessed a substantial ...

New Delhi, April 30, 2024 (TBB Bureau): NHPC Limited, India’s foremost entity in hydropower development, has forged a strategic alliance with M/s Ocean Sun, a pioneering Norwegian firm specializing in floating solar technology. Under the Memorandum of Understanding (MoU) inked between the two entities, NHPC and Ocean Sun are set to collaborate on the deployment and demonstration of Ocean Sun’s ...

Bhubaneswar, April 29, 2024 (TBB Bureau): Aryan Agarwal, a student enrolled in the International Baccalaureate Diploma Programme (IBDP) at KiiT International School here, has made a significant mark by participating in The Diamond Challenge Summit held in the USA this month. This summit is renowned as the largest entrepreneurship challenge for high school students globally, drawing participants from various corners ...

Belpahar, April 29, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest producer of aluminium, has embarked on the latest phase of its innovative Project Panchhi initiative at Lakhanpur, Belpahar, in Jharsuguda district. Spearheaded under the visionary guidance of Vedanta Group Chairman, Anil Agarwal, Project Panchhi represents a pioneering corporate endeavor aimed at empowering 1,000 girls from economically marginalized communities across India ...