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COVID-19: Vedanta Lanjigarh provides 10K RT-PCR Test kits to District Headquarters Hospital, Bhawanipatna

TBB BUREAU LANJIGARH, MAY 3, 2021 The Lanjigarh Unit of Vedanta Limited, India’s premier producer of metallurgical grade alumina, has come forward to support the Government and District Administration in their fight against COVID-19. As part of its corporate social responsibility, the unit has provided 100 sets of RT-PCR Test kits to the District Headquarters Hospital, Bhawanipatna. With each set ...

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WinZO gives complete exit to Hike via $12 million share buyback

TBB BUREAU NEW DELHI, MAY 3, 2021 Vernacular social gaming platform WinZO on Monday said that it has bought back early investor Hike’s shares for $12 million, making it one of the largest buyback transactions by an early stage firm in the Indian start-up ecosystem. The move gives a complete exit to Hike with four-fold returns on their investment in ...

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Sanjay Mohanty takes over as Railway Board Member

TBB BUREAU NEW DELHI, MAY 1, 2021 Sanjay Kumar Mohanty on Saturday took over the charge of Member (Operations & Business Development), Railway Board in the Ministry of Railways and Ex Officio Secretary to the Government of India. Sanjay Kumar Mohanty Prior to the new assignment, Mohanty was General Manager, South Eastern Railway. An alumnus of Delhi School of Economics ...

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Reliance Industries becomes largest producer of medical Oxygen

TBB BUREAU BHUBANESWAR/MUMBAI, MAY 1, 2021 As India grapples with an unprecedented new wave of the Covid Pandemic, Reliance Industries Limited (RIL) has scaled up its production of medical grade liquid oxygen, thus becoming the country’s largest producer of this life-saving resource from a single location in just over a year’s time. Traditionally, Reliance is not a manufacturer of medical ...

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RIL doubles Q4FY21 net profit to Rs 13,227 cr

TBB BUREAU MUMBAI, APRIL 30, 2021 Reliance Industries Limited (RIL) on Friday reported a 108 per cent growth in its consolidated net profit for the January-March quarter (Q4) of financial year 2020-21 (FY21) at Rs 13,227 crore as against a net profit of Rs 6,348 crore in Q4FY20. The oil-to-telecom giant reported a revenue from operations of nearly Rs 1.55 ...

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