Business

24 Sep

Shares grow after NBCC bags order worth Rs 1,260 crore

Priyanka RoyBusiness, latest

Public sector National Buildings Construction Company (NBCC) Ltd said its wholly-owned subsidiary HSCC (India) Ltd has received an order.HSCC India has received an order worth Rs 1,260 crore from the Ministry of Health and Family Welfare, Government of India for setting up All India Institute of Medical Sciences (AIIMS) at Darbhanga, Bihar.The further scope of the order and execution timeline have not been specified by the company.Earlier this month, NBCC had signed a Memorandum of Understanding with cash-strapped MTNL Ltd to develop MTNL’s positive land block of around 13.88 acres in New Delhi. The project is said to be worth…

23 Sep

Hulladek and Mizoram Pollution Control Board launch e-waste management initiative in Aizawl

Business BureauBusiness

Hulladek Recycling Pvt Ltd, a leader in waste management, partnered with the Mizoram Pollution Control Board (MPCB) to host the E-Waste Management Summit 2024 in Aizawl. The event brought together key stakeholders to discuss the pressing challenges and strategies for e-waste management in North Eastern India. Distinguished guests included Pu Joseph H. Lalramsanga, Commissioner of AMC, and Pu Liankima Lailung, Chairman of MPCB. Lailung emphasized the Board's commitment to sustainable waste management practices, stating, “This summit marks a significant step toward effective e-waste management in the region.” Nandan Mall, Founder and Managing Director of Hulladek, announced the installation of an…

23 Sep

Honda India Foundation launches “Project Buniyaad” in Mizoram to boost youth employment

Business BureauBusiness

Honda India Foundation (HIF) has officially launched “Project Buniyaad - Aathmanirbharta Ka Aadhar” in Aizawl, Mizoram, a strategic initiative aimed at enhancing skill development and job placement for marginalized youth. The program, in partnership with Mizoram Youth Commission (MYC) and Visan Foundation, seeks to provide 100% job placement in the hospitality sector for youth from North-Eastern states and Jammu and Kashmir. Inaugurated by Mizoram Chief Minister Shri Pu Lalduhoma, the project leverages HIF’s funding, state government’s infrastructure support, Visan Foundation’s training expertise, and local hotels and hospitals for placements. Since its February 2024 launch, the project has successfully trained and…

23 Sep

Signify illuminates lives of 33,000+ flood-affected families in West Tripura with LED solutions

Business BureauBusiness

Global lighting giant Signify has launched a major initiative to support over 33,000 flood-affected families in West Tripura district by providing emergency LED lights. The initiative, part of Signify’s ‘Har Gaon Roshan’ CSR program, is in partnership with the District Administration of West Tripura and the Agartala Municipal Corporation, under the leadership of Mayor Sri Dipak Majumder and District Magistrate Dr. Vishal Kumar. Collaborating with the Foundation for Integrated Support and Solution (FISS), the project aims to enhance safety and restore normalcy in flood-hit households. Nikhil Gupta, Head of Marketing, Strategy, Government Affairs & CSR at Signify, stated, “Through this…

23 Sep

Coal imports jump 41% to 25.23 MT in July, demand expected to pick up: mjunction

Priyanka RoyBusiness, latest

India's coal imports rose 40.56 percent to 25.23 million tonnes (MT) in July, according to data compiled by B2B e-commerce platform mjunction Services.The country's coal imports stood at 17.95 MT in the same month last fiscal.Coal imports also increased to 100.48 MT in the April-July period of the current fiscal year from 89.11 MT a year ago.Mjunction Managing Director and CEO Vinay Verma said that import demand is expected to pick up in the coming weeks ahead of the festive season next month."Non-coking coal imports witnessed a increase due to softening of prices in the seaborne market. However, coking coal…

21 Sep

Decrease in employee strength of top PSUs in FY24, biggest drop in Coal India

Priyanka RoyBusiness, latest

The decline in employee headcount is not just limited to the IT sector. Public sector undertakings (PSUs) have also seen a decline in headcount in the last few years. All but four of the top 16 government-owned companies by market capitalisation have seen a decline in their headcount during FY24.A CNBC-TV18 analysis shows that 12 PSUs, including Coal India, State Bank of India (SBI) and Hindustan Aeronautics Limited (HAL), have cut their workforce by 23,306 in FY24 after cutting at the same level in FY23.The biggest decline in the number of employees was seen in Coal India, where 4% to…

20 Sep

Retail inflation plunge to 5.96% for agricultural workers, 6.08% for rural workers

Priyanka RoyBusiness, latest

Retail inflation for agricultural workers and rural labourers declined to 5.96 percent and 6.08 percent, respectively, in August, from 6.17 percent and 6.20 percent in July this year.The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) recorded a rise of 7 points each in August 2024, reaching the levels of 1297 and 1309, respectively.The CPI-AL and CPI-RL in July were 1290 points and 1302 points, respectively.A labour ministry statement said that, "The year-on-year inflation rates based on CPI-AL and CPIRL for this month (August 2024) were recorded at 5.96 percent and 6.08 percent as against 7.37…

20 Sep

Bandhan Bank offers up to 8.55% interest on 1 year FD

Business BureauBusiness

Bandhan Bank has announced a significant increase in its Fixed Deposit (FD) interest rates, offering up to 8.55% for a 1-year tenure, positioning itself among the top in the banking industry. The highest rate of 8.55% is exclusively available for senior citizens, while other customers can avail an interest rate of 8.05% for the same tenure. The bank is also offering a competitive rate of 7.75% for senior citizens on long-term deposits under five years, with others earning 7.25%. In addition, customers with savings account balances exceeding Rs.10 lakh will receive an interest rate of 7%. Bandhan Bank has made…

20 Sep

Bandhan Bank offers up to 8.55% interest on 1 year FD

Business BureauBusiness

Bandhan Bank has announced a significant hike in its Fixed Deposit (FD) interest rates, offering up to 8.55% for a 1-year tenure. The bank increased its FD rate by 80 basis points, providing one of the highest returns in the banking sector. Senior citizens will benefit the most, earning 8.55% on 1-year deposits, while other customers will receive 8.05%. For long-term deposits of less than five years, senior citizens will earn 7.75%, while others can secure 7.25%. The bank is also offering 7% interest on savings accounts with balances above Rs.10 lakh. Here’s a breakdown of the FD rates: For…

19 Sep

Topcem Cement, in association with GSMGOA organised the “Old Sri Sri Biswakarma Idol Biswarjan Avijan”

Business BureauBusiness

Topcem Cement, in association with Guwahati Scooter Motorcycle Garage Owners Association (GSMGOA), organised the “Old Sri Sri Biswakarma Idol Biswarjan Avijan” today. This annual initiative aims to promote cleanliness in the city by collecting Mand immersing leftover Lord Biswakarma idols Since 2014, Topcem Cement and GSMGOA have jointly conducted this activity, demonstrating their dedication to social responsibility. Dr. Anil Kapur, President-Sales & Marketing, Meghalaya Cements Ltd., flagged off the event, emphasizing the importance of cleanliness. “Cleanliness is vital for our daily lives. We’re committed to continuing this initiative,” said Dr. Kapur. Last year’s event saw the collection of over 1,000…