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Adani group to buy Ambuja Cements, ACC for $10.5 bn from Holcim

TBB BUREAU BHUBANESWAR, MAY 15, 2022 Gautam Adani-led Adani group on Sunday announced that it would acquire Swiss cement major Holcim’s stake in Ambuja Cements and its subsidiary ACC for $10.5 billion which is considered as the largest ever acquisition in India. The Adani family, through an offshore special purpose vehicle, announced that it had entered into definitive agreements for ...

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Hundreds of devotees offer oblations at Vedanta-sponsored Jagannath Temple

TBB BUREAU JHARSUGUDA, MAY 14, 2022 The sacred ‘yajna’ at the new Jagannath Temple, built in collaboration with Vedanta and villagers at Katikela village in Sundergarh district of Odisha came to an end today with over devotees offering oblations to the Trinity. Over one thousand devotees from Sundergarh and nearly districts offered prayers to the Trinity seeking the divine blessings, ...

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Odisha direct selling industry grows at 13.3pc: Survey

TBB BUREAU BHUBANESWAR, MAY 14, 2022 Notwithstanding the adverse business conditions caused by the Covid-19 pandemic, direct selling industry in Odisha has recorded a growth rate of 13.3 per cent, reaching an all-time high of Rs 1034 crore during the Financial Year 2020-21, according to the Annual Survey Report released by Indian Direct Selling Association (IDSA) here on Saturday. The ...

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Jio tops 4G download speed chart in April: TRAI Data

TBB BUREAU BHUBANESWAR, MAY 14, 2022 Reliance Jio continues to lead in the average 4G download speed chart published by the Telecom Regulatory Authority of India (TRAI) for the month of April. Jio achieved 23.1 Mbps average 4G download speed in April, witnessing an improvement from 21.1 Mbps in March this year. As per the data published by TRAI on ...

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Indian cruise market can grow tenfold in a decade: Sonowal

TBB BUREAU MUMBAI, MAY 14, 2022 Union Minister for Ports, Shipping & Waterways Sarbananda Sonowal has asserted that Indian cruise market has the potential to grow 10 folds over the next decade, driven by rising demand and disposable incomes. “The government of India realizes this potential and is determined to position India as a global cruise hub with state-of-art infrastructure ...

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Demand environment for technology continues to be robust: Roshni Nadar

TBB BUREAU BHUBANESWAR, MAY 14, 2022 Notwithstanding the challenges seen over the last two years, the demand environment for technology “continues to be robust”, and global clients have a razor-sharp focus on accelerating digital transformation with efficiency, HCL Technologies Chairperson Roshni Nadar Malhotra said. “North Asia, Central America, Eastern Europe and Africa are newer geographies for the company,” she said, ...

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BoB net profit jumps nine-fold YoY to Rs 7,272 crore

TBB BUREAU NEW DELHI, MAY 13, 2022 The state-owned lender Bank of Baroda (BoB) on Friday declared a nine-fold jump in its profit after tax (PAT) of Rs 7,272 crore for the financial year 2021-22 (FY22) as compared to a PAT of Rs 829 crore registered in FY21. BoB reported a net profit of Rs 1,779 crore in the fourth ...

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Union Bank of India Q4FY22 profit up 8pc at Rs 1,440 cr

TBB BUREAU NEW DELHI, MAY 13, 2022 Union Bank of India on Friday reported over 8 per cent rise in standalone net profit at Rs 1,440 crore for the quarter ended March 2022. The lender had logged a net profit of Rs 1,330 crore in the same quarter of previous fiscal year. Total income rose to Rs 20,417.44 crore during ...

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