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Dalmia Bharat Q4FY22 net profit at Rs 599 crore

TBB BUREAU NEW DELHI, MAY 10, 2022 Cement maker Dalmia Bharat has reported around 6 per cent decline in consolidated net profit at Rs 599 crore for the fourth quarter (Q4FY22) ended March 2022. It had clocked a net profit of Rs 640 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. However, revenue from operations was ...

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Vedanta Aluminium inks MoU with National Forensic Sciences University

TBB BUREAU NEW DELHI, MAY 10, 2022 Vedanta Aluminium, India’s largest producer of aluminium, has signed a Memorandum of Understanding (MoU) with the National Forensic Sciences University (NFSU), Gandhinagar to promote Research, Training and Academic initiatives for its security professionals. National Forensic Science University (NFSU) is a renowned and the one and only Forensic Science University in the world, known ...

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Odisha to boost opportunities in Steel, Aluminium and downstream metal industries

TBB BUREAU ANGUL, MAY 9, 2022 A one of its kind industrial promotion event, “Advantage Angul” is being conducted at the Angul Aluminium Park on 9th and 10th May 2022, in joint collaboration by the Industries Department, MSME Department, Start Up–Odisha, and the District Administration Angul. This first of its kind event outside the state capital was inaugurated today by ...

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Bank of Baroda launches end-to-end digital co-lending platform

TBB BUREAU MUMBAI, MAY 9, 2022 Bank of Baroda (Bank), one of India’s leading public sector banks and named the Best Technology Bank by Indian Banks’ Association (IBA), on Monday announced the launch of an end-to-end Digital Platform to facilitate co-lending of loans in partnership with NBFCs. The platform provides seamless integration between the Bank and multiple NBFC partners to ...

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Tod’s S.p.A, Reliance Brands enter into multi-year franchise agreement

TBB BUREAU NEW DELHI, MAY 9, 2022          Reliance Brands Ltd (RBL) on Monday said it has entered into a long-term franchise agreement with Tod’s SpA to become the official retailer of the Italian luxury lifestyle brand for the Indian market.         As per the agreement, RBL is the official retailer of the brand across all categories, including footwear, handbags ...

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Godrej & Boyce celebrates 125th anniversary

TBB BUREAU MUMBAI, MAY 9, 2022 Celebrating its 125th anniversary (1897-2022), Godrej & Boyce, the flagship company of the Godrej Group, today announced an organisation-wide initiative with a focus on bringing new innovative solutions to market that are not only sustainable and but also boost growth across its key B2B and B2C businesses.  Godrej & Boyce plans to double its ...

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Steel prices set to bend on weak season after a two-year rally: CRISIL report

TBB BUREAU MUMBAI, MAY 9, 2022 Domestic steel prices are showing signs of fatigue after a relentless rally over the past two years following supply disruptions, decarbonization measures globally, especially in China and geopolitical risks stemming from the RussiaUkraine war, which has driven up raw material costs. While prices have defied correction predictions because of continuing uncertainties, some moderation is ...

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JSW promotes women empowerment

TBB BUREAU BHUBANESWAR, MAY 8, 2022 Leading steel producer JSW Steel has collaborated with the Odisha government to promote gender equality and to create vibrant opportunity for women empowerment in the State. The company is also actively engaged in creating a holistic environment for the women in workplace as well as creating platforms for livelihood generation. India’s First Women’s Business ...

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Reliance Retail opens average 7 stores daily, adds over 150K employees in FY22

TBB BUREAU MUMBAI/BHUBANESWAR, MAY 8, 2022  As COVID-19 disrupted livelihoods, Reliance Industries ensured that not only did it protect livelihoods of its existing workforce but also generated new job opportunities for the members of the society. The retail business was the leading job creation vertical hiring over 150000 employees across various functions of the business; this is more than 2x ...

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TPCODL prepares to deal with cyclone ‘Asani’

TBB BUREAU BHUBANESWAR, MAY 8, 2022 With the IMD warning that the low-pressure area in the South Andaman Sea and its neighborhood is expected to intensify into a cyclonic storm, electricity distribution company TP Central Odisha Distribution Ltd (TPCODL) has chalked out a detailed disaster management plan to deal with cyclone ‘Asani’, the company said in a statement today. TPCODL ...

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