The Business Bytes

RANCHI, APRIL 27, 2024 (TBB BUREAU): A delegation from the Central Electricity Regulatory Authority (CERC), led by Chairperson Jishnu Barua, embarked on a comprehensive visit to the Coal Mining Headquarters of NTPC Mining Limited (NML) in Ranchi on Thursday. Hosted by NTPC Director (Fuel) & NML Chairman Shivam Srivastava and accompanied by NTPC Director (Finance) Jaishankar Srinivasan, the CERC team ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU): “Pension Portals of all Pension Disbursing Banks to be integrated in the Integrated Pensioners’ Portal of Department of Pension & Pensioners’ Welfare to ensure Ease of Living of Pensioners” said V Shrinivas, Secretary (P&PW) while addressing the launch ceremony of the Integrated Pensioners’ Portal of Bank of India on Friday. Shrinivas emphasized the ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU):  The Union government has greenlit the export of 99,150 metric tons of onions to six neighboring countries: Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision comes amidst concerns over lower Kharif and Rabi crop yields in 2023-24 compared to previous years and rising international demand. To ensure ample domestic supply, onion ...

NEW DELHI, APRIL 26, 2024 (TBB BUREAU):   The Ministry of Ports, Shipping and Waterways (MoPSW) is actively pursuing the establishment of a dedicated Maritime Development Fund, similar to sectoral financial institutions such as Power Finance Corporation, REC, and IRFC, confirmed a senior ministry official. R Lakshmanan, Joint Secretary of MoPSW, stated that the proposed fund aims to address the unique ...

BHUBANESWAR, APRIL 26, 2024 (TBB BUREAU): In a strategic move to address the escalating power requirements, Tata Power Central Odisha Distribution Limited (TPCODL) has successfully bolstered the capacity of its Sainik School and Infocity 33/11kV substations in the capital city of Odisha. The key enhancement involves the installation of advanced 16MVA power transformers, effectively doubling the previous 8MVA capacity at ...

NEW DELHI, APRIL 25, 2024 (TBB BUREAU):   In a significant milestone for the renewable energy sector, SJVN Ltd has inaugurated India’s first multipurpose Green Hydrogen Pilot Project at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh, announced the Ministry of Power on Thursday. The project will produce Green Hydrogen using a combined heat and power ...

NEW DELHI, APRIL 24, 2024 (TBB BUREAU): Dalmia Bharat Limited, a prominent player in the cement manufacturing sector, has announced its consolidated financial results for the fourth quarter (Q4FY24) and fiscal year (FY24) ending March 31, 2024, showcasing significant growth despite market challenges. The company reported a notable surge in sales volume, with an 18.5 per cent increase year-on-year for ...

BHUBANESWAR, APRIL 24, 2024 (TBB BUREAU): Amid scorching temperatures reaching 43.8 degrees Celsius in Bhubaneswar and several cities in Odisha, the demand for power surges, placing the state on high alert. Despite the extreme conditions, Odisha Discoms’ linemen emerge as unsung heroes, tirelessly working to uphold a consistent electricity supply for the state’s 4.5 crore residents. Over 25,000 linemen from ...

BHUBANESWAR, APRIL 24, 2024 (TBB BUREAU): Khanij Bidesh India Limited (KABIL) on Wednesday formalized a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI) to solidify a lasting partnership in geophysical investigations. This alliance aims to fortify KABIL’s endeavors in critical and strategic mineral projects. The MoU signing ceremony took place ...

NEW DELHI, APRIL 24, 2024 (TBB BUREAU):  In a bid to foster collaboration and innovation within India’s automotive sector, Vedanta Aluminium, the nation’s foremost aluminium producer, orchestrated the ‘AutoEdge 2024’ conclave in New Delhi. The event, which drew participation from top automakers and component manufacturers, served as a platform to showcase Vedanta Aluminium’s diverse range of aluminium products tailored for ...