Industry Odisha Bureau, Sep11: Mumbai Cricket Association will raise its club subsidy corpus to ₹500 crore over ten years. Wankhede Stadium lounges will honour Tendulkar, Rahane and late Madhav Mantri.* The Mumbai Cricket Association substantially expanded its grassroots funding plan on Friday. It will raise its subsidy corpus to ₹500 crore. The support covers affiliated clubs across Mumbai. The commitment spans the next ten years. The decision came during MCA’s annual general meeting. MCA Expands Grassroots Corpus Fivefold In April 2026, MCA’s apex council approved a ₹100-crore corpus. That plan aimed at long-term club stability. The latest AGM significantly raised…
Author: Industry Odisha
Industry Odisha Bureau,Sep 11: Houthi advances near Bab el-Mandeb threaten Saudi Arabia’s Red Sea workaround for Hormuz, adding fresh pressure to global oil prices and shipping routes. The Strait of Hormuz remains severely constrained. That disruption pushed Gulf producers towards alternative export routes. Saudi Arabia leaned heavily on its Red Sea infrastructure. Now Houthi advances near Bab el-Mandeb threaten that workaround. The oil market faces a two-chokepoint problem, not a single crisis. Hormuz Makes Bab el-Mandeb More Important Hormuz carried 21.6 million barrels per day in late 2025, per the EIA. By mid-2026, that fell to 4.9 million bpd. Saudi…
Industry Odisha Bureau,Sep 11:Two merchant vessels collided off Gujarat’s Kandla coast on Friday. The Indian Coast Guard launched a rescue operation immediately. MV KMAX EMPEROR and MV TRUE MARINER were involved. The collision occurred near Kandla’s outer anchorage, OTB Kandla. Indian Coast Guard Evacuates 21 Crew MV KMAX EMPEROR carried 24 crew members. Twenty-one were safely evacuated, the Coast Guard said. Three crew members remained onboard afterwards. They stayed to support vessel operations. The Coast Guard described the evacuation as swift. No injuries or fatalities were reported in the statement. Collision Occurred Near Kandla Anchorage An outer anchorage is an…
Industry Odisha Bureau, Sep 11: Houthi advances near Bab el-Mandeb threaten Saudi Arabia’s Red Sea workaround for Hormuz, adding fresh pressure to global oil prices and shipping routes. The Strait of Hormuz remains severely constrained. That disruption pushed Gulf producers towards alternative export routes. Saudi Arabia leaned heavily on its Red Sea infrastructure. Now Houthi advances near Bab el-Mandeb threaten that workaround. The oil market faces a two-chokepoint problem, not a single crisis. Hormuz Makes Bab el-Mandeb More Important Hormuz carried 21.6 million barrels per day in late 2025, per the EIA. By mid-2026, that fell to 4.9 million bpd.…
Industry Odisha Bureau, Sep 11: Odisha Chief Minister Mohan Charan Majhi concluded his official visit to the United Arab Emirates with a series of high-level engagements aimed at drawing global investment and strengthening the state’s international partnerships. The delegation’s itinerary was coordinated by Industries Minister Sampad Swain, Chief Secretary Anu Garg, and Additional Chief Secretary (Home, Industries, and Information & Public Relations) Hemant Sharma, whose planning enabled substantive interactions between state officials and global business leaders throughout the tour. In the visit’s final leg, Chief Minister Majhi held one-on-one meetings with leading industrialists, using the sessions to showcase Odisha’s natural…
Industry Odisha Bureau, Sep 11: Odisha moved to expand clean energy infrastructure on Thursday. The Energy Department, GRIDCO Limited, and iFOREST hosted a Stakeholder Dialogue. The event took place at Mayfair Convention Hall. Deputy Chief Minister Kanak Vardhan Singh Deo inaugurated the session. He highlighted small hydro projects’ environmental and developmental benefits. These projects use existing irrigation canals and water flows. They require minimal land acquisition, he noted. Additional Chief Secretary Vishal Dev outlined the state’s strategy. Odisha is building regulatory, financial, and departmental frameworks. The goal is converting hydro potential into bankable projects. The event concluded with a Renewable…
Industry Odisha Bureau, Sep 11: Odisha took a decisive step toward expanding its clean energy infrastructure today as the Energy Department, Government of Odisha, and GRIDCO Limited, alongside knowledge partner iFOREST, hosted a high-level Stakeholder Dialogue here on Friday. The event brought together policymakers, project developers, financiers, and sector experts to fast-track the implementation of the Ministry of New and Renewable Energy’s (MNRE) Small Hydro Power Development Scheme (2026–27 to 2030–31). With India tapping only 5,171 MW of its estimated 21,133 MW small hydro potential, the dialogue focused on turning policy guidelines into a concrete, investment-ready pipeline for Odisha. The…
Industry Odisha Bureau, Sep 11: Gold prices in India fell sharply today, with the 24-karat gold price (10 grams) dropping to Rs 1,52,890, a decline of Rs 2,620 compared to September 10. The 22-karat gold price (10 grams) also slipped to Rs 1,40,150, down Rs 2,400 from the previous day. Meanwhile, 18-karat gold was priced at Rs 1,14,670 per grams, witnessing a fall of Rs 1,960. Notably, gold prices reversed the previous day’s gains on September 11, 2026 recording a sharp decline. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,52,890 for 24-karat…
Industry Odisha Bureau, Sep11: India is unlikely to back a common BRICS currency at the Delhi summit. Instead, it favours linking payment systems and CBDCs. Trade imbalances still pose a serious settlement challenge. India looks set to avoid backing a common BRICS currency. The BRICS summit takes place in New Delhi on September 12 and 13. Instead, it wants better cross-border payments across the bloc. CBDCs and national payment links form its preferred approach. India rejects a common BRICS currency India does not support creating a new BRICS currency. Commerce Minister Piyush Goyal stated this on August 7. He said…
Industry Odisha Bureau, Sep11: Vessel transits through the Strait of Hormuz fell to seven on Thursday. The decline highlights growing pressure on global energy trade. Bab el-Mandeb traffic also faced fresh Red Sea tensions. Shipping traffic through the Strait of Hormuz has fallen to unusually low levels. The Iran war continues to reshape global energy trade. Vessel movements offer an early signal of shifting Gulf shipping dynamics. Hormuz vessel traffic falls sharply Vessel transits through the Strait of Hormuz fell to seven on Thursday. That is down from 11 the previous day, preliminary ship tracking data showed. The reported 10-day…