THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 25, 2025 In a significant policy shift, the Union government on Tuesday announced the discontinuation of the Medium-Term and Long-Term Government Deposit (MLTGD) components of the Gold Monetisation Scheme (GMS) with effect from March 26, 2025. However, banks will continue offering Short-Term Bank Deposits (STBD) for gold, ranging from one to three years, at their ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, MARCH 25, 2025 The Public Relations Society of India (PRSI), Bhubaneswar Chapter, has ushered in a new era of leadership with the election of its office bearers at the 6th Annual General Meeting (AGM) held on Sunday. The newly elected team, comprising seasoned professionals and dynamic young leaders, is poised to strengthen the chapter’s role in advancing ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 25, 2025 The much-anticipated Income Tax Bill, 2025, aimed at replacing the six-decade-old Income Tax Act, 1961, will be taken up for discussion in the Monsoon session of Parliament, Finance Minister Nirmala Sitharaman announced in the Lok Sabha on Tuesday. The proposed Bill seeks to simplify direct tax laws, eliminate ambiguities, and reduce tax disputes ...

Is the United States, once the undisputed titan of Artificial Intelligence (AI), now watching its lead slip away to China? The question gnaws at the core of America’s technological pride, and the answer isn’t simple. The US still boasts giants like OpenAI, Google, and Anthropic, churning out cutting-edge models that dazzle the world. Yet, across the Pacific, China’s AI juggernaut ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, MARCH 22, 2025 On World Water Day, Vedanta Limited reaffirms its commitment to sustainability with an ambitious goal — achieving Net Water Positivity by 2030. Leading the way in responsible water stewardship, several of its businesses, including Cairn Oil & Gas, Hindustan Zinc Limited (HZL), Sesa Goa, Black Mountain Mines, and FACOR, have already been certified as ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 22, 2025 Vedanta Aluminium, India’s largest aluminium producer, has achieved a significant milestone in its sustainability journey by recycling approximately 16 billion litres of water across its operations in FY25. This volume, equivalent to around 6,400 Olympic-size swimming pools, underscores the company’s commitment to responsible water management. With a water recycling rate of 15%, Vedanta ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, MARCH 21, 2025 TP Central Odisha Distribution Limited (TPCODL), a joint venture of Tata Power and the Government of Odisha, has ramped up its preparedness to ensure uninterrupted power supply during the peak summer season of 2025. With an anticipated peak demand of 2524 MW, the company has implemented a series of proactive measures to strengthen its ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, MARCH 21, 2025 IndusInd International Holdings Ltd (IIHL) is setting ambitious growth targets, with Chairman Ashok Hinduja announcing a valuation goal of USD 50 billion by 2030. The announcement follows the successful acquisition of debt-laden Reliance Capital, marking the conclusion of a three-year-long resolution process. Addressing the media on Tuesday, Hinduja confirmed that IIHL had transferred the ...

THEBUSINESSBYTES BUREAU NEW DELHI, MARCH 20, 2025 Vedanta Aluminium, India’s largest aluminium producer, has joined forces with the National Bank for Agriculture and Rural Development (NABARD) to implement a transformative Rs 1 crore rural development initiative aimed at enhancing workforce skilling, agricultural innovation, and water resource management in Kalahandi district, Odisha. This partnership, formalized through an exchange of a sanction ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, MARCH 20, 2025 Tata Power has reached an impressive milestone, surpassing 1,50,000 rooftop solar installations across India, further solidifying its position as the country’s number one rooftop solar provider. The company’s rooftop solar systems, which now total a robust 3 GW capacity nationwide, have played a critical role in advancing India’s renewable energy transition. As a key ...