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 ...

TBB BUREAU NEW DELHI, MAY 14, 2022 The Union government has said that the decision to restrict wheat exports will control food prices, strengthen the food security of India and countries facing a deficit, and that India remains a reliable supplier as it is honouring all contracts. Speaking at a press conference with Sudhanshu Pandey, Secretary Department of Food and ...

TBB BUREAU NEW DELHI, MAY 14, 2022 Energy major NTPC on Saturday announced the beginning of commercial operation of the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project in Gujarat. “Consequent upon successful commissioning, the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project at Kawas, Gujarat, is declared ...

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, ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...