Industry Odisha Bureau, May 25: Prices of petrol and diesel were reportedly hiked yet again for the fourth time today across the country within a duration of two weeks, while today’s hike has been affected two days after the prices of petrol and diesel were reportedly revised upward to Rs 0.87 per litre for petrol and Rs 0.91 per litre for diesel on Saturday last week. Following today’s price hike effected by the state-owned Oil Marketing Companies (OMCs), petrol and diesel prices were reportedly again raised by Rs 2.61 and 2.71 per litre respectively on Monday. Thus, the petrol prices…
Author: Industry Odisha
Industry Odisha Bureau, May 24: Despite being despised and looked down upon in our Indian society, researchers term the rag pickers or waste pickers with high esteem as the first and foremost filters in the recycling chain since they save our country from the rising volume of harmful methane emissions. These rag pickers are found, especially, in the lanes and by lanes of urban areas meticulously sorting out and collecting the dumped and discarded household items or scraps in order to sell them to a ‘kabadiwalla’ (a local recycler) so that they could earn a meagre income for their survival.…
Industry Odisha Bureau, May 24: With an aim to make mutual fund investments more convenient as well as boost up financial inclusion, the Securities and Exchange Board of India (SEBI) has reportedly put forth a proposal through a consultation paper on Wednesday. As reported, the proposal would allow: a) “Employers to facilitate mutual fund investments for employees through payroll deductions.” b) “Mutual fund distributors (MFDs) to receive trail commissions in mutual fund units instead of cash.” [Only MFDs registered with the Association of Mutual Funds in India (AMFI)] c) “Investors to donate portions of their mutual fund investments or returns…
Industry Odisha Bureau, May 23: Succeeding eventually in its third attempt, India’s fourth-largest cement producer is reportedly all set to acquire from Adani Group the total cement assets originally belonging to bankrupt Jaiprakash Associates Limited (JAL) by striking a deal reportedly vauled at Rs 2,850 crore. As per media reports, the Dalmia Bharat Limited official statement of Dalmia Bharat Limited reads: “Dalmia Cement (Bharat) Ltd has executed a business transfer agreement with Jaiprakash Associates and Adani Infra (India) Ltd for acquisition of the cement undertaking at an enterprise value of ₹2,850 crore.” Describing the acquisition, Dalmia Bharat Limited’s CEO Puneet Dalmia…
Industry Odisha Bureau, May 23: Objecting vehemently to the Hormuz hurdle adamantly effected by Iran as well as terming it as ‘Contrary to International Law”, the Member States of European Union (EU) on Friday reportedly initiated actions against the Iran officials and others involved by slapping sanctions against them. The European Council that represents the EU Member Nations reportedly said in its official statement that, “The EU will now be able to introduce further restrictive measures in response to Iran’s actions undermining the freedom of navigation in the Strait of Hormuz.” It is being reportedly said that the EU sanctions…
Industry Odisha Bureau, May 23: Amid the uncertain scenario of panic buying of petrol and diesel along with ‘No Stocks’ boards being reportedly displayed at the retial outlets nationwide as well as the reported long queues and mad rush for LPG (cooking gas) cylinders, the Indian Oil Marketing Company (OMC) has yet again reiteratedly claimed that there is no shortage of petrol, diesel and Liquefied Petroleum Gas (LPG) cylinders, while the imports of crude oil from Russia are reportedly as usual despite the US-clamped sanctions. “India is a net exporter and surplus in petroleum products,” reportedly contended the OMC. The…
Industry Odisha Bureau May 23: When the India Meteorological Department (IMD) in its latest weekend bulletin has reportedly warned that the prevailing and unbearable heatwave conditions sweeping over the country would be more intense and severe over the next week, the Central Government has reportedly urged the electricity consumers to use the power supply judiciously citing heavy pressure being mounted on the national power grid. As per the IMD’s latest warning: “Northwest, Central, Eastern and parts of Peninsular India are expected to remain under intense to severe heatwave conditions with warm night conditions over the coming week too.” On the…
Industry Odisha Bureau, May 23: When the whole world is agog over being all eyes on the upcoming super spectacle ‘FIFA World Cup-2026’ scheduled to be co-hosted by the United States of America (USA), Canada and Mexico from June 11 to July 19, worldwide fans of the ‘Troika Titans’ (Argentine footballer Lionel Messi, Portuguese footballer Cristiano Ronaldo & Brazilian footballer Neymar da Silva Santos Junior) are apprehensive of being all ears to their probable proclamation of ‘hanging up boots’ (retirement) owing to their age and health factors as well as paving path for emerging counterparts in the arena of their…
Industry Odisha Bureau, May 22: Since most of the companies in India are reportedly experiencing an exhaustion in their respective raw material buffers, market experts apprehend an expensive fast-moving consumer goods (FMCG) sector in near future that could hurt both household consumption and demand growth if the ongoing supply chain disruptions continue and the West Asia conflict remain unresolved. The dark clouds of uncertainties reportedly hovering over the Indian industries and market are adversely affecting the “packaging materials, logistics, food ingredients and household products.” Following such a grim scenario in the offing, experts reportedly diagnose that the Indian consumers would…
Industry Odisha Bureau, May 22: Heralding a sigh of relief from the suffocating heatwave conditions sweeping across India currently, the satellite images released by the India Meteorological Department (IMD) evince that the much-awaited annual south-west monsoon is inching fast and very likely to touch Kerala ahead of schedule. The satellite images are being treated as a Manna from heaven by the general public presently sizzling in cauldron as well as by the Indian farmers. The IMD-released satellite images show “massive monsoon clouds rapidly building up over the Arabian Sea and the Bay of Bengal (BoB)” accelerating the pace of south-west…