Industry Odisha Bureau, Sep 12 : Global consumer companies are turning to India as China’s growth slows. Executives cite low consumption, rising incomes and retail expansion as reasons for optimism. India is becoming a bigger priority for global FMCG companies. China’s growth is moderating, and mature markets offer limited room to expand. Executives discussed this shift at a major Boston conference. Nearly a dozen companies took part, including Mondelez and L’Oreal. Nestle and Unilever were also present. India FMCG Growth Meets Consumption Risks India’s organised FMCG sector could grow 8-10% in fiscal 2027. That compares with roughly 8% growth in FY26,…
Author: Industry Odisha
Industry Odisha Bureau, Sep 11: India defeated Pakistan 19-0 in the Junior Women’s Hockey Asia Cup. The win secured a semi-final place. India now stand two victories from defending their title. India recorded a commanding 19-0 win over Pakistan on Thursday. The result confirmed India’s place in the semi-finals. India had already beaten Japan, Malaysia and South Korea earlier. This victory extended their unbeaten group-stage run. India Build 10-0 Half-Time Lead Pooja Sahu opened the scoring in the seventh minute. Her goal set the tone for India’s dominance. India kept building on that early breakthrough. By half-time, India led by…
Industry Odisha Bureau, Sep 11: India hosts the BRICS Summit 2026 in New Delhi, marking 20 years of the grouping. New Delhi balances BRICS ties with Quad cooperation, testing its strategic autonomy in a fragmenting world. The BRICS summit opened in New Delhi on Friday. It marks 20 years since the grouping’s founding. India enters this summit without exclusive alignment to any bloc. Strategic autonomy remains central to its approach. The gathering offers a lens into India’s broader foreign policy. India Uses BRICS Without Joining A Power Bloc BRICS is not a formal military alliance. Members hold differing strategic priorities…
Industry Odisha Bureau, Sep 11: Finance Minister Nirmala Sitharaman urged the RBI to sharpen digital rupee pilots. A tokenised bond trial showed near-instantaneous settlement. She also called for soft-touch AI regulation. Finance Minister Nirmala Sitharaman urged the Reserve Bank of India forward. She wants faster progress on the digital rupee. Her call covers both wholesale and retail CBDC pilots. Sitharaman spoke at Global Fintech Fest 2026 in Mumbai. Tokenisation is gaining traction across financial markets, she said. RBI Digital Rupee Pilots Need Sharpening Sitharaman asked RBI to build on existing CBDC work. Wholesale CBDC mainly serves institutional financial transactions. Retail…
Industry Odisha Bureau,Sep 11: A Japanese delegation visited Kolkata for trade talks. Discussions covered direct flights, business facilitation and investment. A cultural festival will mark 75 years of ties in 2027. A seven-member Japanese delegation visited Kolkata for high-level talks. State Minister for Foreign Affairs Ayano Kunimitsu led the group. They met West Bengal Industry and Commerce Minister Tapas Roy. Discussions spanned trade, direct air connectivity and investment. The visit comes ahead of 2027, marking 75 years of India-Japan relations. Kolkata-Japan Direct Flights Discussed Direct air connectivity between Kolkata and Japan featured prominently. Both sides discussed establishing direct flights. No…
Industry Odisha Bureau,Sep 11: European automakers gain phased tariff cuts under the India-EU FTA. The quota starts at 1 lakh cars annually. It climbs to 1.6 lakh from Year 10, alongside delayed EV concessions. India’s free trade agreement with the European Union reshapes automotive market access. European automakers will get a tariff-rate quota. It starts at 1 lakh passenger vehicles annually. The ceiling rises steadily, reaching 1.6 lakh cars from Year 10. This is not unrestricted liberalisation. India has built in price thresholds, phased cuts and separate vehicle categories. India-EU FTA Car Tariffs: Price Thresholds Matter The tariff-rate quota covers…
Industry Odisha Bureau, Sep 11: BMW India has launched its new 7 Series with petrol and electric options. The i7 will be locally produced in Chennai, priced from ₹1.95 crore. BMW India has launched its new 7 Series range. The line-up offers both petrol and electric powertrains. It includes the 740 M Sport, i7 eDrive50 and i7 M70. Prices start at ₹1.95 crore. Deliveries begin in October 2026. BMW 7 Series Prices In India The BMW 740 M Sport costs ₹1.95 crore ex-showroom. The BMW i7 eDrive50 xDrive M Sport matches that price exactly. The BMW i7 M70 xDrive tops…
Industry Odisha Bureau, Sep11: Indian equities fell for a fifth straight week as crude oil surged above $100. Rising US Treasury yields and renewed foreign selling added further pressure. Indian equities extended their losing streak on Friday. The Sensex fell 2.3% for the week. The Nifty 50 declined 2.1% over the same period. Both marked their steepest weekly falls since July 24. Crude oil and US Treasury yields drove the pressure. Crude Oil Becomes India’s Biggest External Risk Brent crude exceeded $108 during Asian trading, nearing $110. Escalating US-Iran tensions contributed to the rally. Attacks on Saudi energy infrastructure added…
Industry Odisha Bureau, Sep 11: Dubai-headquartered Drydocks World has signed a joint venture with Cochin Shipyard. Its CEO says India offers wider ship repair and fabrication opportunities beyond Kochi. Dubai-headquartered Drydocks World is deepening its presence in India’s maritime sector. It formally signed a joint venture with Cochin Shipyard on Friday. The agreement covers a ship-repair facility in Kochi. CEO Captain Rado Antolovic said India offers wider opportunities. Drydocks World Looks Beyond Kochi Antolovic said the company’s ambition extends past one facility. He identified opportunities in ship repair and fabrication across India. No specific additional locations were named. No investment…
Industry Odisha Bureau,Sep 11: The European Union abandoned a proposed export duty on aluminium scrap amid India-EU trade negotiations. Brussels will now rely on environmental rules instead. The European Union has abandoned its proposed aluminium scrap export duty. Sources linked the reversal partly to India-related concerns. The measure risked complicating the India-EU free trade agreement. Brussels now plans to rely on environmental regulations instead. India Becomes Central To EU Scrap Debate India buys roughly one-third of EU aluminium scrap exports. New Delhi had sought relief from the proposed restrictions. India subsequently appeared among 91 countries listed for exemption. Sources said…