Bhubaneswar, July 24, 2024 (TBB Bureau): Hindalco Industries Ltd, the metal flagship company of the Aditya Birla Group, is set to significantly contribute to the industrial development of Odisha with a planned investment of over Rs. 25,000 crore. This ambitious investment strategy was revealed during a meeting between Hindalco’s Odisha President, Ardhendu Mohapatra, and Odisha’s Deputy Chief Minister, KV Singhdeo, ...

New Delhi, July 24, 2024 (TBB Bureau): Bajaj Finserv Ltd (BFL) on Wednesday announced a 10% increase in consolidated net profit, reaching Rs 2,138 crore for the first quarter ending June 2024. This is an improvement from the Rs 1,943 crore profit reported in the same period last year. According to a regulatory filing, the company’s total income for the ...

New Delhi, July 24, 2024 (TBB Bureau): Axis Bank, a leading private sector lender, reported a 4% increase in net profit for the quarter ending June 2024, reaching Rs 6,035 crore, driven primarily by higher interest income. In the corresponding quarter of the previous fiscal year (April-June 2023-24), the bank had recorded a standalone net profit of Rs 5,797 crore. ...

Paradip, July 24, 2024 (TBB Bureau): Paradip Port has successfully completed its first ship-to-ship transfer of special grade diesel from MV Orkim Fortitude to the empty tanker MV Torm Republican at its North Oil Jetty within the harbour area. This initiative, designed to reduce shipping costs, underscores the port’s commitment to innovative business strategies. Paradip Port Authority (PPA) Chairman P.L. ...

Burla, July 24, 2024 (TBB Bureau): Tata Power Western Odisha Distribution Limited (TPWODL) is unwavering in its dedication to delivering stable and reliable power to its customers throughout Western Odisha. The company has intensified its efforts to combat illegal electricity usage, particularly in remote rural areas, to ensure uninterrupted power supply for law-abiding customers. TPWODL has successfully thwarted the theft ...

BHUBANESWAR, JULY 24, 2024 (TBB BUREAU): The Union Budget’s focus on MSMEs reflects a nuanced understanding of the sector’s challenges and potential. The multi-pronged approach addresses critical pain points while fostering innovation and growth. The credit-centric measures — including the new guarantee scheme, stress-period support, and the digital footprint-based assessment model could revolutionize MSME financing, says Priyadarshi Nanu Pany, Founder ...

New Delhi & Jharsuguda, July 24, 2024 (TBB Bureau): Vedanta Aluminium, India’s largest aluminium producer, has joined forces with NITI Aayog and leading national institutions to explore sustainable applications for red mud, a significant byproduct of the bauxite refining process used in aluminium production. This high-level stakeholder meeting convened experts to identify pathways for effectively utilizing this byproduct and advancing ...

Mumbai, July 23, 2024 (TBB Bureau): Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement group, has launched Concreto Uno – Hydrophobic Concrete, marking a significant innovation in the building materials industry. This advanced product, featuring cutting-edge hydrophobic properties and the innovative Damp-Lock Formula, sets new standards in construction. Concreto Uno – Hydrophobic Concrete is engineered with a unique blend of admixtures ...

Bhubaneswar, July 23, 2024 (TBB Bureau): Two talented kabaddi players from Odisha, supported by Vedanta Aluminium, have made their mark on the national stage by representing their state at the 6th Sports Development and Promotion Federation (SDPF) Kabaddi National Championship. Tankadhar Naik and Lepulya Naik, hailing from the remote village of Sijimali in Rayagada district, were instrumental in securing a ...

New Delhi, July 23, 2024 (TBB Bureau): Union Finance Minister Nirmala Sitharaman announced on Tuesday that India’s capital expenditure (capex) for the fiscal year 2025 will remain at Rs 11.11 lakh crore, as initially set in the Interim Budget presented in February. This figure represents an increase from the previous year’s revised estimate of Rs 9.5 lakh crore. The Finance ...