TBB BUREAU BHUBANESWAR, FEBRUARY 2, 2022 As part of its long term commitment towards renewable energy transition, Dalmia Cement (Bharat) Limited (DCBL), a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has added its ground-mounted solar power plant capacity to 17.1 MW (from 2.4MW in 2014), in Cuttack. Spread over 49 acres, the solar power plant is ...

TBB BUREAU NEW DELHI, FEB 2, 2022 India Ratings and Research (Ind-Ra) has upgraded the long-term issuer rating assigned to Jindal Stainless Limited (JSL) to ‘IND AA-’ with a stable outlook, while resolving the Rating Watch Evolving (RWE). The agency had previously assigned ‘IND A+/RWE’ rating to JSL’s long-term credit facilities. As per the report released by Ind-Ra, the upgrade ...

TBB BUREAU NEW DELHI, FEBRUARY 1, 2022 Indian Chamber of Commerce (ICC) has lauded the growth-oriented policy direction of the Union Budget 2022-23 based on EoDB, reforms, clear direction based on digital transformation. Budget measures would raise demand, support consumption, fast track economic recovery, support Employment generation and Output in the Economy. Commenting on the Union Budget 2022-23 presented in ...

TBB BUREAU NEW DELHI, FEB 1, 2022 India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs ...

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022 With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has approached the Ministry of Coal, urging immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022            GST collection in January crossed Rs 1.38 lakh crore in January, a growth of 15 per cent over the year-ago period.            Total number of GSTR-3B returns filed up to January 30, 2022 is 1.05 crore that includes 36 lakh quarterly returns, the Finance Ministry said.            “The gross GST revenue ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022 Punjab National Bank (PNB) and Patanjali Ayurved Limited (PAL) have launched co-branded credit cards in partnership with the National Payments Corporation of India (NPCI). The co-branded credit cards are offered on NCPI’s RuPay Platform and are available in two variants – PNB RuPay Platinum and PNB RuPay Select. Starting the New Year on ...

TBB BUREAU MUMBAI, JANUARY 31, 2022 Reliance Brands Limited (RBL) on Monday said it has inked a deal with designer Rahul Mishra to launch ready-to-wear business through a joint venture. RBL, which will hold 60 per cent in the venture, plans to open flagship stores in major fashion capitals within the next five years. Rahul Mishra with Darshan Mehta, MD ...

TBB BUREAU NEW DELHI, JANUARY 31, 2022 The combined Index of Eight Core Industries stood at 141.3 in December 2021, which is an increase of 3.8 per cent (provisional) as compared to December 2020. The production of Coal, Natural Gas, Refinery Products, Fertilizers, Cement and Electricity industries increased in December 2021 over the corresponding period of last year. The Office ...

TBB BUREAU BHUBANESWAR, JANUARY 31, 2022          The Union government on Monday approved sale of Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd for Rs 12,100 crore.          A joint venture of MMTC, NMDC, BHEL, MECON, OMC and IPICOL, NINL has a 1.1 million tonnes (MT) capacity integrated steel plant at Kalinganagar in Odisha. The plant is ...