Industry Odisha Bureau, Sept 16: A third global gas crisis could emerge by 2030. The scenario reflects vulnerabilities building across global natural gas markets. Supply disruptions, rising demand, and geopolitics could combine dangerously. The resulting crisis could become the third major shock within eight years. Such an outcome would test domestic supply across several major economies. US Natural Gas Could Face Severe Pressure The United States has become central to global natural gas security. Its LNG exports have helped replace disrupted Russian supplies. However, growing exports also expose domestic markets to global demand. US shale production growth could slow before the…
Author: Industry Odisha
Industry Odisha Bureau, Sept 16: BHEL is accelerating diversification beyond thermal power amid stronger pressure from the Centre. The state owned engineering major is exploring new opportunities across emerging energy businesses. Coal gasification and coal to chemicals are becoming important parts of its diversification strategy. The company is also expanding its focus on hydro power projects. Pumped storage projects are emerging as another priority growth segment. The shift comes as India’s power sector undergoes significant structural change. Centre Scrutiny Sharpens Strategic Focus The diversification drive follows a recent review of BHEL’s Maharatna status. The Centre assessed whether the company continued…
Industry Odisha Bureau, Sep 16: Dubai’s event economy is staging a strong comeback, led by Indian demand. Ticket sales on Platinumlist rose 65% during July & August from a year earlier. Indian concerts and festive programmes were among the fastest growing event categories. Corporate meets are also returning across Dubai after months of regional disruption. The recovery is strengthening the UAE’s entertainment, tourism, and MICE businesses. Indian Events Lead the Rebound Indian audiences are emerging as a major driver of Dubai’s recovery. Concerts, Navratri programmes, dandiya, and garba events are seeing renewed demand. Platinumlist is preparing a larger Indian event…
Industry Odisha Bureau, Sep 16: India’s consumer watchdog has intensified scrutiny of Apple over iOS 18 complaints. The Central Consumer Protection Authority has ordered a detailed investigation into reported device problems. The probe focuses on possible consumer rights violations linked to the software update. Users reported display, microphone, and other functional issues after installing iOS 18. The consumer watchdog had earlier raised these complaints directly with Apple. The dispute now centres on responsibility for repair costs after software related problems. That question could carry wider implications for India’s premium smartphone market. Software Liability Comes Under Scrutiny Apple’s software licence terms…
Industry Odisha Bureau, Sep16: India’s smartphone premiumisation drive is producing an unexpected market consequence. Low-spec mobile phones are quietly returning to the entry-level segment. The comeback comes as leading brands increasingly chase higher-value premium market customers. That strategy has reduced competition within the crucial sub-₹10,000 smartphone category. Smaller manufacturers now see an opportunity inside this widening affordability gap. Brands such as Itel and Lava are targeting budget-conscious consumers again. Their latest offerings include mobile phones with 2GB or 3GB RAM. Most also provide 4G connectivity and basic storage configurations. Such specifications appeared increasingly outdated only a few years ago. Today,…
Industry Odisha Bureau, Sep 16: Air India’s board met Tuesday to finalize operational priorities for incoming CEO Tewolde Gebremariam. The board also approved his remuneration package. Outgoing CEO Campbell Wilson briefed directors on the airline’s current operational position. He highlighted progress made and challenges still requiring management attention. This marked a formal handover before Gebremariam’s takeover. Tata Sons chairman N Chandrasekaran chaired the meeting at Bombay House. He outlined expectations for Air India’s next transformation phase. Reliability, safety, and execution topped the new chief’s priority list. Gebremariam inherits Air India at a critical turnaround stage. The former Ethiopian Airlines CEO…
Industry Odisha Bureau, Sep 15: The 217th meeting of the Unit Approval Committee (UAC) has approved the proposal of M/s SiCSem Private Limited to establish a semiconductor manufacturing unit at IDCO Infovalley-II, Arisol Mouza, Jatni Tahasil, Khordha district, Odisha, under the jurisdiction of Falta Special Economic Zone (FSEZ). The approval marks another significant addition to Odisha’s growing semiconductor manufacturing ecosystem and underscores the role of FSEZ in facilitating high-technology, export-oriented investments. Spread over 21.889 acres, the proposed unit will manufacture Silicon Carbide (SiC) semiconductor devices, including SiC Diodes and SiC MOSFETs. The project involves an investment of Rs. 3,406.25 crore…
Delhi commuters may soon breeze through toll points without stopping. The Municipal Corporation of Delhi (MCD) plans to launch barrier-free tolling at nine highway entry points by the end of October. Nine Points, One Big Change The selected locations include DND Flyway, Rajokri, Kundli, Badarpur and Ghazipur, among others. These corridors witness heavy daily traffic. Officials admit completing work within six weeks will be challenging. NHAI Clearance Still Awaited The project hinges on a crucial approval. A joint survey with National Highways Authority of India (NHAI) officials was conducted last week. However, actual construction cannot begin without an NHAI no…
Industry Odisha Bureau, Sep 15: India’s met coke imports are headed for a record this fiscal year. This comes despite an anti dumping levy imposed in July. Domestic shortages and robust demand from pig iron producers are driving the surge. Industry executives shared these details on condition of anonymity. India is the world’s second largest crude steel producer after China. The country may import nearly 6 million tonnes of met coke in FY27. That marks a 32% rise over last year. Indonesia and Poland remain the top supplying nations. Steelmakers have opposed import curbs for over a year. They argue…
Industry Odisha Bureau, Sep 15: India’s natural gas imports kept rising this fiscal year despite a sharp price surge. Demand was driven by the subsidised fertilizer sector and growing CNG vehicle sales. Limited alternative fuel supply and falling domestic gas output added further support. Industry executives warn that rising spot LNG prices could dent future demand. Spot prices recently touched $25 per mmbtu, a steep jump. Consumers may increasingly shift toward alternative fuel supply options if prices stay elevated. Spot Market Pressure Amid Gulf Supply Disruption Gulf gas supplies remain disrupted due to the Iran war. India now sources 35…