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…
Author: Industry Odisha
Industry Odisha Bureau, Sep 10: India’s trade with BRICS nations has expanded dramatically over five years. Total goods trade reached $417.5 billion during FY26. That figure stood at just $203.1 billion back in FY21. Behind this growth lies a more complicated story. Exports to BRICS countries grew at a modest pace. They rose from $64.3 billion to $95.7 billion overall. That represents growth of roughly 48.8 percent. Imports told a very different story entirely. India’s imports from BRICS nearly tripled during this period. They climbed from $138.8 billion to $321.8 billion. That translates to import growth of 131.8 percent. Such…
Industry Odisha Bureau, Sep 10: Legitimate gold dealers across India are facing new pricing pressure. Smuggled gold is reportedly undercutting official prices substantially. Industry executives report discounts reaching up to ₹8,000 per 10 grams. That gap traces back to a steep import-duty increase. Gold import duty rose to 15% from 6% in May. This shift widened the space between legal and illegal pricing. Higher duties raise costs for anyone importing through official channels. Gold entering outside those channels can undercut that pricing structure. This dynamic isn’t unique to the current moment. Economists at the World Gold Council have long tracked…
Industry Odisha Bureau, Sep 10: Adani Airport Holdings has secured commitments worth about $1 billion. The deal establishes a pre-money valuation near $18 billion. Four major global investors are backing the transaction. Proceeds will fund expansion, modernisation and airport-city projects. Alpha Wave Global, Premji Invest, Temasek and BlackRock make up the group. People close to the deal put Alpha Wave’s stake at $450 million. Premji Invest, tied to Azim Premji’s family office, added $300 million. Temasek and BlackRock account for the remaining commitment. AAHL described the full amount as a primary infusion. That means the capital flows directly into company…
Industry Odisha Bureau, Sep 10: India’s smartphone retail sector is expanding festive hiring sharply. Staffing firms expect around 39,600 seasonal hires this year. That marks roughly 34% growth over 2025 levels. Higher device prices are driving this counterintuitive hiring push. Quess Staffing Solutions reported strong hiring momentum through 2026 already. Smartphone retail hiring rose 36.3% between January and August. August alone recorded the sector’s highest monthly hiring ever. That trend now extends into festive-season projections. Quess CEO Nitin Dave linked July-December hiring directly to that momentum. He expects roughly 39,600 hires during the festive period. That would represent close to…
Industry Odisha Bureau, Sep 10: A bipartisan group of US Senators wrote to the Trump administration this week. They urged action against three India-based companies. The senators allege hacking and data theft against Americans. No Entity List designation has been confirmed yet. Democratic Senators Ron Wyden and Sheldon Whitehouse joined Republican Pat Harrigan. They sent their letter to Commerce Secretary Howard Lutnick. The three named companies are Sunkissed Organic, BellTrox and CyberRoot. The senators contend these firms hacked thousands of Americans. Their letter described alleged cyber-mercenary activity spanning more than 15 years. It claimed these India-based groups conducted targeted espionage…
Industry Odisha Bureau, Sep 10: Apple’s September event delivered its most varied hardware slate in years. The headline act was the iPhone Duo, its first foldable. Two new iPhone 18 Pro models arrived alongside it. Updated Watches and AirPods filled out the rest. Pricing spanned an unusually wide range this time. India’s lineup starts at Rs 14,900 and tops out near Rs 3 lakh. That spread reflects how many categories Apple touched at once. The Duo itself demands the most attention. It starts at $1,999 in the US, Rs 2,99,900 in India. That makes it Apple’s costliest smartphone to date.…
Industry Odisha Bureau, Sep 10: Apple has entered the foldable smartphone race at last. Its first foldable, the iPhone Duo, starts at $1,999. In India, pricing begins at Rs 2,99,900. Samsung and Huawei got there years earlier. That delay may not be the setback it seems. Apple has a long history of arriving late. It typically waits for a category to mature first. Then it enters with scale and polish. The company’s real weapon is its installed base. Hundreds of millions of iPhone owners already trust Apple. They know its apps, its services, its interface. Converting even a fraction of…
Industry Odisha Bureau, Sep 09: Adani Ports and Special Economic Zone (APSEZ) has won the Letter of Award for two dry bulk berths at Paradip Port, Odisha. The company emerged as the highest bidder for the project. This adds 18 Million Metric Tonnes (MMT) to APSEZ’s capacity. Its total portfolio now stands at 671 MMTPA. The move supports APSEZ’s goal of handling 1 billion tonnes by 2030. The project will run under a 30-year concession. It follows the Public-Private Partnership model. APSEZ will build and operate the CQ-I and CQ-II berths. These will feature mechanised cargo handling systems. The berths…
Industry Odisha Bureau, Sep 09: Odisha opened its UAE investment mission with a flurry of high-value agreements. Chief Minister Mohan Charan Majhi led delegations across multiple roundtables on day one. The visit runs from September 8 to 12, 2026. IHC-Adani Partnership Expands Talks began with International Holding Company’s business verticals and group firms. IHC CEO Syed Basar Shueb and Adani Ports’ Karan Adani attended the roundtable. Adani Green’s Sagar Adani also joined the discussions. Adani Group remains the joint venture partner for Odisha’s integrated aluminium project. Senior executives from IHC’s global portfolio companies were present too. These included leaders from…