8, Jan 2024
Tata Steel: 3QFY2024 Production and Delivery Volumes (Provisional)
Bengaluru, January 08, 2024
| Items | 3QFY24
(Provisional) |
2QFY24
(Actual) |
3QFY23
(Actual) |
9MFY24 (Provisional) |
9MFY23 (Actual) |
| Production volume1: | |||||
| Tata Steel India2 | 5.32 | 5.02 | 5.00 | 15.35 | 14.72 |
| Tata Steel Netherlands | 1.17 | 1.19 | 1.52 | 3.30 | 4.79 |
| Tata Steel UK | 0.73 | 0.76 | 0.72 | 2.33 | 2.28 |
| Tata Steel Thailand | 0.27 | 0.28 | 0.27 | 0.81 | 0.89 |
| Delivery volumes3: | |||||
| Tata Steel India2 | 4.88 | 4.82 | 4.74 | 14.48 | 13.72 |
| Tata Steel Netherlands | 1.29 | 1.23 | 1.40 | 3.89 | 4.14 |
| Tata Steel UK | 0.63 | 0.73 | 0.66 | 2.11 | 2.19 |
| Tata Steel Thailand | 0.25 | 0.28 | 0.29 | 0.80 | 0.90 |
Notes: 1. Production Numbers: India – Crude Steel Production; UK and Netherlands – Liquid Steel Production; Tata Steel Thailand – Saleable Steel Production.
2. India includes Tata Steel Standalone and Neelachal Ispat Nigam Limited on proforma basis.
3. Deliveries are prior intercompany eliminations.
- In 3QFY24, Tata Steel India crude steel production stood at 5.32 million tons and was up 6% on QoQ as well as YoY basis. For the 9MFY24, crude steel production increased by 4% YoY.
- Tata Steel India deliveries stood at 4.88 million tons and were ‘best ever 3Q’ sales. The increase on QoQ and YoY basis was primarily driven by rise in domestic deliveries (+3% QoQ and +10% YoY) given continued strength in India steel demand. For 9MFY24, Tata Steel India registered best ever deliveries, which were higher by 6% on YoY basis.
- Key segment highlights of domestic deliveries for the quarter:
o ‘Automotive & Special Products’ segment deliveries increased by around 8% QoQ and 22% YoY. The QoQ increase was driven by best ever 3Q sales despite marginal decline in vehicle production. Tata Steel has received the “GreenPro Ecolabel” certification for its automotive flat steel products.
o ‘Branded Products & Retail’ segment deliveries were broadly stable QoQ but up 11% YoY. This was driven by best ever 3Q sales of well-established brands – Tata Tiscon, Tata Steelium and Tata Astrum. During the quarter, Tata Tiscon volumes grew by 10% QoQ and 18% YoY
o ‘Industrial Products & Projects’ segment deliveries increased by around 5% QoQ and 6% YoY. Among sub segments, engineering registered best ever quarterly sales.
o Revenues from Tata Steel Aashiyana, an e-commerce platform for Individual Home Builders, stood at Rs. 572 crores in 3QFY24 and were up 38% YoY driven by best ever 3Q sales. For the 9MFY24, revenues crossed Rs 1,600 crores and were up 13% YoY.
- Tata Steel Netherlands liquid steel production for the quarter stood at 1.17 mn tons and deliveries were at 1.29 mn tons, up 5% QoQ. On YoY basis, production and deliveries were lower due to the relining of one of the blast furnaces.
- Tata Steel UK liquid steel production for the quarter stood at 0.73 mn tons and was marginally lower on QoQ basis due to operational issues. Deliveries stood at 0.63 mn tons and were lower on QoQ and YoY basis due to subdued demand dynamics.
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- By Rabindra
8, Jan 2024
BPCL pioneers the Way in Diversity and Inclusion with #SilentVoices Initiative
Bengaluru, 08th January 2024: On the momentous occasion of India’s 77th Independence Day, Bharat Petroleum Corporation Limited (BPCL) embarked on a transformative journey with the launch of the “#SilentVoices” Initiative on August 15, 2023. This initiative, dedicated to providing socio-economic independence to differently-abled persons, has achieved success in just three short months. BPCL takes immense pride in integrating differently-abled individuals into over 100 of its Fuel Stations across India, fostering empowerment and inclusivity.
In a significant stride towards this noble cause, BPCL proudly announces the signing of two Memoranda of Understanding (MOUs) on December 29, 2023.
1. BPCL & Sarthak Educational Trust: Cultivating Talent through Inclusivity
In collaboration with Sarthak Educational Trust, an organization dedicated to empowering Persons with Disabilities (PWDs) through skill development and education, BPCL reaffirms its commitment to cultivating a workplace that values and cherishes the distinctive talents of every individual.
2. BPCL & DiverseUs Society Trust: Celebrating Diversity, Building Opportunities
The second MOU, inked with DiverseUs Society Trust, underscores BPCL’s commitment to diversity and inclusion. Together, the organizations aim to build an environment where differences are not merely accepted but celebrated, providing equal opportunities for everyone to thrive.
Shri Rahul Tandon, Chief General Manager (Marketing), Retail BPCL, along with representatives from Sarthak Educational Trust and DiverseUs Society Trust, formalized these partnerships in the presence of Ms. Charu Yadav, General Manager (RI & Brand), Retail BPCL.
By integrating differently-abled individuals into over 100 BPCL Fuel Stations nationwide, the #SilentVoices Initiative enriches the company’s workforce. None of these milestones would have been possible without the unwavering support, motivation, and guidance from BPCL’s senior leadership led by our Chairman & Managing Director and other board members.
Our journey continues, driven by the belief that every person, regardless of ability, deserves equal opportunities to contribute meaningfully to a brighter and more inclusive future.
8, Jan 2024
Sector 65, Gurugram: An excellent location to invest in residential and commercial property
Mr. Surender Kaushik, MD, Aryan Realty Infratech Pvt Ltd.
Gurugram, a prominent city in the National Capital Region (NCR), has been one of the fastest-growing real estate regions, capturing the attention of savvy investors. Sector 65 stands out as the most sought-after area among various sectors, offering vast opportunities for both real estate developers and buyers. The vital factors leading to the popularity of the region lie in factors such as connectivity, proximity to major cities, including the national capital- Delhi, and a diverse range of projects that cater to varied preferences and budgets.
As the recent survey reports suggest, Gurugram has been leading the residential real estate segment, showcasing an increase of over 13% in total sales, especially the luxury section, across NCR. This depicts the region’s growing popularity among investors, particularly due to the remarkable appreciation in property prices and rental yields, as well as the sound connectivity that the section offers.
One of the key factors contributing to the rising popularity of Gurugram, especially Sector 65, is its excellent connectivity. The region is strategically located near major arterial roads, including the Golf Course Extension Road, Southern Peripheral Road (SPR), Sohna Road, and upcoming projects that would further elevate its visibility. This not only facilitates smooth travel within Gurugram but also provides quick access to Delhi and other significant cities in the vicinity.
Furthermore, the Delhi Metro has extended its reach to Sector 65, enhancing the overall connectivity of the area. This integration with public transportation makes it an attractive destination for those who seek convenience in their daily commute. In addition to its connectivity, Sector 65 boasts proximity to prominent employment hubs, presenting a plethora of economic opportunities for prospective property buyers. The presence of well-established business districts in the vicinity also ensures that residents have access to a thriving job market, making it an ideal location for professionals and families alike.
The real estate landscape of the section is quite diverse, catering to the varied preferences of investors. From affordable housing options to luxurious residences and from commercial spaces to mixed-use developments, there is a wide array of projects available. This diversity also enhances the region, accommodating a range of budgets and lifestyle choices, making it an inclusive investment destination.
Gurugram Sector 65 has witnessed significant developments in various real estate segments with a wide range of projects. Plotted developments, apartments, independent floors, villas, shopping centers, office spaces, and mixed-use projects have extensively contributed to the transformation of this region. The constant increase in sales indicates buyers’ inclination towards the area, driven by the availability of efficient projects that align with contemporary living standards.
All the sound projects in the region boast unique infrastructure with state-of-the-art facilities and amenities. Developers have prioritised creating living spaces that not only meet basic needs but also enhance the overall lifestyle of residents. From recreational spaces and green zones to modern fitness facilities, these projects go beyond the conventional, offering a holistic living experience.
Gurugram Sector 65 has been on an upward trajectory in the real estate market’s growth as it hosts excellent opportunities for investment, providing a blend of connectivity, economic opportunities, and diverse project offerings. The region’s appeal to both developers and buyers is evident in the sharp increase in sales and the efficient projects that have transformed the landscape. As Sector 65 continues to evolve, it remains a promising destination for those seeking a strategic investment in residential and commercial properties.
8, Jan 2024
WION unleashes a new era of news engagement with its enhanced news app
Embark on an extraordinary news experience with the revamped WION News app by IndiaDotcom Digital Private Limited, heralding a pioneering transformation in global news engagement. The upgraded app introduces a polished user interface, ensuring a seamlessly intuitive navigation experience. The redesigned layout prioritizes user accessibility, presenting a simple and user-friendly platform for consuming news.
In this new digital realm, readers are not only mere spectators but also active participants in the news narrative. The WION News app bids farewell to clutter, reintroducing users to a clean layout, simplifying content discovery and enhancing navigation. Its contemporary design theme elevates the user experience by incorporating modern elements that captivate visually and foster intuitive interaction. Videos also take centre stage, promising an immersive experience, with popular WION shows gaining heightened visibility for an even more captivating multimedia journey.
Some of the key features of the revamped WION app also include:
· Tailored news feeds: Users now have the power to customize their news feeds, empowering them to prioritize and select content aligned with their specific interests.
· Immersive multimedia integration: The app places the spotlight on enhanced multimedia integration, offering an immersive and dynamic news experience with captivating video content.
· Social engagement: Seamlessly integrated social sharing options facilitate active user engagement, enabling effortless sharing of articles and videos across various social media platforms.
· Performance tweaks: Beneath the surface, the modernized WION app has undergone performance tweaks, guaranteeing a smooth and efficient operation for a seamless news consumption experience.
Highlighting the key purpose of the modern approach and new look of WION app, Akshansh Yadav, Chief Product & Technology Officer, IDPL, expressed, “With the upgraded WION News app, we have prioritized simplicity in design and functionality. Our goal is to provide users with an intuitive platform that not only keeps them informed but resonates with their individual preferences. Navigating through the news should be seamless, and that’s exactly what we’ve achieved with the streamlined user interface.”
Madhu Soman, Chief Business Officer, Zee Business & WION, further added, ” From streamlined navigation to personalized content curation, we’re ensuring that our users not only consume news but also actively engage with it, making the WION News app a true digital companion on the information highway.”
WION News app ensures top-quality articles, thoughtful analyses, and expert opinions from seasoned editors and columnists. It’s your easy-access hub for high-calibre news content with a variety of perspectives and expert insights
8, Jan 2024
Shaya has two new addresses in the Southern Indian city of Bangalore
January 2024: Silver bijouterie gets a makeover with Shaya by CaratLane’s stunning collections of 925 silver. Established to provide a plethora of authentic silver jewellery in a newfound appeal, Shaya effortlessly bridges the gap between bequest authenticity and zeal for fresh delineation. Bringing this energy to the city of Bangalore yet again, the brand expands its retail presence to this Southern part of India with its 5th and 6th store. The new retail destinations are located in the Mall of Asia and Nexus Shanti Niketan Mall and are now open to people of Bangalore to shop their heart out.
These offline stores by Shaya offer a warm and welcoming ambiance with cosy interiors and pretty aesthetics, instantly making you feel at home. With comfortable and snug nooks spread throughout the space where you can try on jewellery to your heart’s content, each corner of these new retail spaces will allow you to explore unique designs. From the stunning displays that are larger than life to the excellent retail plan that gives you a glimpse of everything Shaya has to offer, all at once, these stores in Bangalore should be on your must-visit list! As the bold and edgy counterpart of CaratLane, Shaya caters to all personalities and the stores are no different. From glam loving statement pieces to understated, low-key designs for everyday wear, there is something uniquely handcrafted for every identity and wearer.
Taking from the learnings of all the previous stores in the country and after observing the high demand and personal liking for Shaya by the consumers in Bangalore, an expansive range of Shaya’s stunning silver jewellery is right on display at these locations. Known for crafting 925 silver jewellery, all its latest collections like To the Everyday Queen, Chitrakalay Kolkata, To the Wanderlust in you, The Legacy of Rani Lokmahadevi, and much more will be available at the stores. With a wide selection of jewellery where each piece adds an eccentric character to your persona, along with Shaya’s robust customer support and in-house styling aid, you’re bound to find something that matches your vibe!
Head to Shaya’s newest addresses to explore the ranges further.
Address:
1. Shaya Mall Of Asia: Shaya, Unit No S-39, 2nd Floor, Byatarayanapura, Yelahanka, Hobli Yelahanka Taluk, Bellary Rd, Indra Nagar, Shabhari Nagar, Bengaluru, Karnataka 560092.
2. Shaya Nexus Shanti Niketan Mall: SHAYA by Caratlane, Unit no. 006, Upper Ground Floor, Nexus Shantiniketan Mall, Whitefield Main Rd, Thigalarapalya, Krishnarajapura, Bengaluru, Karnataka 560067.
Store Timings: 10 am to 9:30 pm
8, Jan 2024
ONGC Jeetega to Bharat Jeetega
Mumbai | 08 January 2024
ONGC announces the successful commencement of “First Oil” from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal. This 98/2 project is likely to increase ONGC’s total Oil and Gas production by 11 percent and 15 percent respectively.
Valiantly combating various technological and Covid-related challenges, ONGC had successfully executed Phase 1 of the project in March 2020, achieving the commencement of gas production from U field of the KG-DWN-98/2 Block in record time of 10 months.
With commencement of this First Oil on 7 January 2024, ONGC is nearing completion of Phase 2, culminating into commencement of oil production from the ‘M’ field of KG-DWN-98/2.
The development of this field faced unique technical challenges due to the waxy nature of the crude. To overcome those, ONGC employed innovative Pipe in Pipe technology, a first-of-its-kind initiative in India. While some subsea hardware involved in this development has been sourced internationally to meet specific requirements, the majority of fabrication works were carried out at Modular Fabrication Facility at Kattupalli which highlights ONGC’s commitment to promote ‘Make in India’, contributing towards a self-reliant energy sector in India.
The flagship project is on track with Final phase of project with the balance oil & gas fields of the block scheduled to be put on production by mid 2024. Peak production of field is expected to be 45,000 barrels of oil per day (bopd) and over 10 MMSCMD of gas, which will contribute significantly towards the vision of Hon’ble PM of an energy Aatmanirbhar Bharat.
Issued by:
ONGC Ltd
8, Jan 2024
CMAI partners London-based body VCMI to help stakeholders with the norms of carbon credits
New Delhi: Homegrown Carbon Markets Association of India (CMAI) has partnered with global body Voluntary Carbon Market Integrity Initiative (VCMI) to help stakeholders with the norms of carbon credits which is a developing market in India.
The agreement with London-headquartered VCMI aims to guide industry players from the registration process for projects involved in generation of carbon credits, monitoring of projects to trading of the carbon credits generated in a transparent manner, CMAI said in a statement.
The partnership will seeks promoting an enabling environment for high-integrity voluntary carbon market (VCMs) that attract private investment aligned with national and sub-national climate and socioeconomic policy priorities, the statement said.
As part of the agreement, CMAI and VCMI will facilitate the stakeholders in scaling up carbon finance activities across priority sectors in India.
Mark Kenber, Executive Director, VCMI said “Through this partnership we aim to support high integrity VCM growth across the country, accelerate climate action…and equitable development.”
Manish Dabkara, President, CMAI said the partnership signifies a pivotal moment for India’s carbon market, contributing to the creation of a resilient and trustworthy marketplace and the global climate action movement.
“By connecting local communities, policymakers, and buyers, we aim to enhance the integrity and resilience of India’s carbon market. Together with VCMI, we are eager to foster high-integrity voluntary carbon markets that align with India’s climate and socio-economic priorities, driving positive environmental change and equitable development,” Dabkara said.
VCMI is an international non-profit organization which works to enable high-integrity voluntary carbon markets (VCMs). The organization is aligned with the goals of the Paris Agreement.
CMAI is a strategic alliance of industry experts who work towards carbon offset solutions. It offers services like policy research and advocacy, innovative interventions, capacity building, community initiatives, partnerships among others
8, Jan 2024
JK Tyre-backed Indian rally driver Fabid Ahmer set for first international outing at Qatar International Rally
Bengaluru, 8th January, 2024 – Multiple INRC winner, Kerala-based Fabid Ahmer is set to become the first Indian rally driver to compete in the Qatar International Rally, a round of the prestigious FIA Middle East Rally Championship, as he lines up for his maiden international outing next month.
Supported by JK Tyre Motorsport, which has played a pivotal role in grooming India’s future motorsport stars, Fabid and his co-driver Milen George, will drive a Subaru Impreza 4WD Rally car prepared by Dubai’s Toolbox Autoworks.
The Qatar International Rally marks the start of the Middle East Rally Championship. The event, set to be held from Feb 1-3, 2024, will feature some of the finest up-and-coming rally stars from around the world. The rally, in a revised three-day format, will be conducted in 13 timed special stages traversing through 622.49 km. Last year, the rally had 23 international teams participating from over 13 countries driving top-class cars such as Volkswagen Polo GTI, Skoda Fabia Rally2 Evo, Ford Fiesta R5 etc. making it an adrenaline driven event.
Despite this being his first time competing internationally, Fabid heads into the event determined to make his mark and showcase not just his exceptional driving skills, but also put the prowess of Indian rally drivers on the world map.
Fabid said, “It’s a dream come true to represent India in the Middle East Rally Championship. I am honoured to carry the hopes of my country and make history as the first Indian driver in this renowned championship. With the unwavering support of JK Tyre, I am confident in my abilities to navigate the challenges that come my way and compete at the highest level.”
Fabid, a driver hails from the Palakkad-region with a proven track record, has earned his international debut, thanks to wins at numerous rallies and championships domestically over the last eight years, including consistent wins in the Indian National Rally Championship, the pinnacle of Indian rallying.
In addition to JK Tyre, Fabid will also be supported by off-road club ‘Dudes of Dunes’, who will serve as his hospitality partner.
8, Jan 2024
BWH Hotels now focussed on enhancing the presence of World Hotels in India
BWH Hotels, a prominent global player in the hospitality industry recognized for its unwavering dedication to exceptional service and unparalleled guest experiences, is thrilled to announce a strategic move that marks a significant milestone in its journey. Harnessing the power of Sorrel Hospitality, the master franchisee for the region, BWH Hotels is set to expand its footprint in the vibrant South Asian market, with a focused initiative to strengthen the presence of World Hotels in India, Bangladesh, and Sri Lanka.
Enabled by BWH Hotels’ landmark acquisition of World Hotels in the year 2019, this strategic move reaffirms BWH Hotel’s steadfast commitment to providing luxury accommodation and elevated guest satisfaction across diverse destinations within the South Asian region.
“With a dedicated focus on enhancing the presence of World Hotels in India, Bangladesh, and Sri Lanka, we are committed to elevating the standards of luxury accommodation and guest satisfaction. This move, fueled by the landmark acquisition of World Hotels in 2019, underscores BWH Hotels’ unwavering dedication to delivering exceptional service and creating unparalleled guest experiences throughout the diverse landscapes of South Asia.” said – Larry Cuculic, President and Chief Executive Officer, BWH Hotels
“I am delighted to announce a strategic leap that signifies a remarkable chapter in our journey. Partnering with Sorrel Hospitality, our esteemed master franchisee, we are poised to extend our influence in the dynamic South Asian market”- Ron Pohl, President of International Operations and of World Hotels
“We are thrilled to embark on this exciting journey of expansion of World Hotels in India, Bangladesh & Sri Lanka. These countries hold immense potential in the luxury hospitality sector and this strategic move is a testament to our dedication to enhancing the presence of World Hotels in this region.” said Atul Jain, COO- India, Bangladesh & Sri Lanka, BWH Hotels.
As BWH Hotels embarks on this exciting new chapter, it invites guests, partners, and stakeholders to join in the anticipation of a transformative era in hospitality. With a legacy built on trust, innovation, and a commitment to excellence, BWH Hotels is set to elevate the bar of luxury hospitality and create lasting memories and unforgettable experiences for guests across India, Bangladesh, and Sri Lanka.
8, Jan 2024
THE BUBBLES OF MEMORY His Excellency Governor of Bihar Sri. Rajendra Arlekar
Bangalore 8, 2024: His Excellency Governor of Bihar Sri. Rajendra Arlekar launches THE BUBBLES OF MEMORY penned down by former secretary, Goa Legislature and retired secretary & Karnataka Legislative assembly secretariat Sri. TN Dhruva Kumar. Chief Guest Sri. Basavaraj Horatti – chairman Karnataka legislative council, Sri Vivek subba Reddy, president – Advocates Association and Sri. CS Shadakshari – president – NGO’s Association were present at the time of book release.
This book titled was released by the governor of Bihar, in the presence of a galaxy of leaders talking to August gathering governor of Bihar in his presidential address said this book is most wanted for every legislature student to understand the life of Karnataka legislature. He praised Mr. Dhruva Kumar for having captured the most historic incidents of Karnataka assembly in his own style where real pictures will be reflected. Mr. Dhruva’s effort pending the parliamentary incidents is noteworthy.This book will definitely mark a new chapter in the Karnataka legislature.
Sri. Dhruva Kumar says “my Main inspiration to write this book was untold suffering during my tenure as additional secretary in Karnataka legislature and my ricketiest legislative experience which I had in Goa assembly secretariat …In order to reflect the transparency of my official life I have written it.
This book reflects the finest incidence of parliamentary importance and excellent reference to debating standards as well. The Author had vivid experience with all politicians of Goa and Karnataka.
Author has also recorded some of the important and enriching incidents that have happened in the Karnataka legislature…he has further mentioned the highest standard of debates in those days in a comparative analysis of present-day debates.
