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Indel Money reports impressive financial results for FY24, net profit up 91 pc at Rs 55.75 cr

Mumbai, June 20, 2024 (TBB Bureau):  Indel Money, the flagship non-banking finance company (NBFC) under Indel Corporation, has reported a substantial increase in its financial performance for the fiscal year 2023-24 (FY24). The company announced a profit of Rs 55.75 crore, marking a significant 91% rise from the Rs 29.19 crore recorded in FY23. Total revenue from operations surged by ...

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Tata Steel and ICAR-NRRI collaborate to enhance soil quality in Odisha using basic oxygen furnace slag and fly ash

BHUBANESWAR, JUNE 19, 2024 (TBB BUREAU):  Tata Steel has partnered with the Odisha Government to implement a sustainable agricultural initiative in the state. This collaboration aims to utilize industrial waste, such as basic oxygen furnace (LD) slag and fly ash, as soil amendments to reclaim acidic soils in Odisha. The first consignment of LD slag was flagged off from Tata ...

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Blue Dart successfully commences drone deliveries

Mumbai, June 19, 2024 (TBB Bureau): Blue Dart, South Asia’s leading courier and integrated express package distribution company, has successfully launched drone deliveries in collaboration with Skye Air, a leader in drone technology. This move marks a significant advancement towards cleaner and more efficient delivery solutions. Building on their pioneering VLOS trials in Vikarabad, Hyderabad, in September 2021, and BVLOS ...

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Air India Express reaffirms commitment to safety with successful IOSA registration renewal

Bhubaneswar, June 18, 2024 (TBB Bureau): Air India Express completed its IATA Operational Safety Audit (IOSA) by the International Air Transportation Authority (IATA), affirming its world-class safety standards. The IOSA registration is a key element for industry safety and has been implemented to achieve two fundamental goals – improve airline operational safety and enhance efficiency. The IOSA registration covers key ...

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Dalmia Cement hosts spectacular Raja Mahotsav

Rajgangpur, June 17, 2024 (TBB Bureau): Dalmia Cement Bharat Limited in Rajgangpur resonated with vibrant festivities as the three-day Raja Mahotsav unfolded from June 14th to 16th. The celebration, deeply rooted in Odisha’s cultural tapestry, showcased a kaleidoscope of traditional events and sports activities, captivating participants of all ages. From the spirited beats of Saja-Baja to the nostalgic charm of ...

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Vedanta Aluminium’s cooling asset contribution enhances inmate comfort at Jharsuguda District Jail

Jharsuguda, June 17, 2024 (TBB Bureau): In a gesture of compassion and commitment to community welfare, Vedanta Aluminium, India’s foremost producer of aluminium, has stepped forward to provide essential cooling assets to the District Jail in Jharsuguda. With temperatures soaring in the region, the provision of 15 air coolers, 50 ceiling fans, and a water cooler by Vedanta Aluminium will ...

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IIT Bhubaneswar partners with Rabisons Foundation to advance AI and HPC research

Bhubaneswar, June 17, 2024 (TBB Bureau): In a significant move towards harnessing the potential of Artificial Intelligence (AI) and High-Performance Computing (HPC) for societal development, the Indian Institute of Technology (IIT) Bhubaneswar and the Keonjhar-based Charitable Trust, Rabisons Foundation, have inked a groundbreaking Memorandum of Understanding (MoU). The collaboration aims to propel research, innovation, and education initiatives through the establishment ...

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Union Minister SP Singh Baghel reviews aquaculture research at ICAR-CIFA, emphasizes technology transfer

BHUBANESWAR, JUNE 16, 2024 (TBB BUREAU): Union Minister of State for Fisheries, Animal Husbandry & Dairying and Panchayati Raj, SP Singh Baghel, undertook a comprehensive review of freshwater aquaculture research initiatives at the ICAR-Central Institute of Freshwater Aquaculture (ICAR-CIFA), here on Sunday. During his visit, Minister Baghel planted a tree sapling on the institute premises and conducted a thorough inspection ...

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SiCSem and IIT Bhubaneswar partner to advance Compound Semiconductor ecosystem in India

BHUBANESWAR, JUNE 15, 2024 (TBB BUREAU):  SiCSem Private Limited and the Indian Institute of Technology Bhubaneswar (IIT Bhubaneswar) have entered into an agreement aimed at pioneering research in Compound Semiconductors. The partnership’s inaugural project will focus on indigenous Silicon Carbide (SiC) crystal growth, with an estimated investment of Rs. 45 crore. This initiative aims to establish high-volume production capabilities for ...

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