Industry Odisha Bureau, Sep 08: Samsung India has begun reducing staff in its electronics business. Reports indicate 80–100 executives have been affected so far. The cuts target television and home-appliance divisions. Branch consolidation is also underway. Sources suggest reductions could eventually reach 25% of sales and marketing roles. Rising memory-chip prices are central to this pressure. Artificial intelligence demand is reshaping global semiconductor production priorities. This connects AI infrastructure indirectly to Samsung India’s workforce decisions. High-bandwidth memory, or HBM, sits at the heart of this shift. AI processors require HBM for advanced computing tasks. Samsung, SK Hynix and Micron have…
Author: Industry Odisha
Industry Odisha Bureau, Sep 08: Odisha Chief Minister Mohan Charan Majhi on Tuesday left for United Arab Emirates (UAE) where he will hold roadshow to woo global investors. It is Odisha’s second international investment outreach, which reinforcing the State Government’s efforts to expand Odisha’s global investment footprint and build stronger international economic partnerships. The UAE visit comes as part of Odisha’s continued engagement with global investors and business communities to showcase the State’s growing industrial capabilities, investment opportunities and investor-friendly ecosystem. Before leaving for UAE, the Chief Minister in a X post, said, “Odisha is emerging as a preferred destination…
Industry Odisha Bureau, Sep 08: Gold rates in India were on the rise today, with the 24-karat gold rate (10 grams) reaching Rs 1,55,350, marking a gain of Rs 1,200 from the previous day. Meanwhile, the 22-karat (10 grams) stood at Rs 1,42,400, Rs 1,100 higher than September 07. Further, the 18-karat gold rate (10 grams) came in at Rs 1,16,510, registering a gain of Rs 900. Henceforth, gold rates reversed the previous day’s decline on September 08, 2026. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,55,350 for 24-karat gold and Rs…
Industry Odisha Bureau, Sep 08: India’s monsoon season is nearing its final weeks. Rainfall currently sits 14% below its Long Period Average (LPA). The IMD expects little improvement before the season ends. That gap may not close significantly going forward. IMD projections point toward continued weak rainfall. A full seasonal recovery now appears unlikely. The overall deficit could exceed 10% this year. That would mark the first such shortfall since 2015. The final figure, though, remains unconfirmed until season’s end. A deficit this size carries wider implications. Agricultural production could face added pressure. Reservoir levels and drinking-water availability may also…
Industry Odisha Bureau, Sep 08: The Indian rupee weakened against the U.S. dollar on Tuesday. It touched 94.66, down 10 paise. Surging crude oil prices drove the pressure. The rupee opened at 94.49 in early trade. It then slipped to 94.66 against the dollar. That marked a 10-paise fall from Monday’s close. Monday’s session had already seen a 13-paise decline. The rupee closed that day at 94.56. Tuesday’s move extended a two-day slide. Brent crude traded near $97.61 per barrel. That marked a 0.63% rise in futures. Prices climbed amid escalating US-Iran tensions. Traders cited fears over the Strait of…
Industry Odisha Bureau, Sep 08: India’s OTT audience reached 664.9 million in 2026. That marks 11% growth year-on-year. Connected-TV audiences, meanwhile, surged 60% over the same period. The connected-TV base now stands at 206.9 million. Digital video consumption is turning increasingly multi-screen. Smartphones and television sets are both gaining ground. These figures come from the Ormax OTT Audience Report 2026. Ormax surveyed 15,000 respondents across urban and rural India. Fieldwork ran through June and July this year. The report estimates 45% of India’s population watches online video. That reach spans free and paid content alike. Not every viewer, though, holds…
Industry Odisha Bureau, Sep 08: Singapore’s government has defended Singapore Airlines’ investment in Air India. The carrier holds a 25.1% stake in the Indian airline. That stake has weighed on Singapore Airlines’ earnings. Air India’s losses have widened during a costly turnaround. Reuters reported the carrier is seeking fresh equity. The reported request totals about $1.5 billion. That funding request goes to Air India’s owners. Those owners are Tata Sons and Singapore Airlines. Neither has confirmed a specific contribution yet. Transport Minister Jeffrey Siow addressed the matter in parliament. He said Singapore Airlines funds investments from its own balance sheet.…
Industry Odisha Bureau, Sep 08: India’s shift toward alternative fuels is broadening beyond ethanol. Biofuels now anchor a wider energy-security strategy. Principal Scientific Advisor Ajay Sood frames this shift as unavoidable. Sood told ET that biofuels carry strategic weight. Ethanol remains one hydrocarbon among several options. Butanol offers higher energy density and can be produced biologically. “Biofuels, in general, will be important for energy security,” Sood said. That framing extends beyond any single fuel type. Methanol and butanol both feature in India’s alternative fuel mix. Biodiesel represents a more developed pathway already. Sood said India has developed relevant technology domestically.…
Industry Odisha Bureau, Sep 08: The Centre’s coal gasification push has cleared its first test. Seven applications arrived under a new Rs 37,500 crore scheme. Five companies filed them, led by Adani Enterprises. Adani submitted three separate applications, all for urea projects. That is three proposals, not three approved plants. Each will face its own evaluation. Four other entities rounded out the applicant pool. Gallantt Ispat applied for direct reduced iron and syngas. NTPC proposed a synthetic natural gas project. Shyam Sel & Power sought approval for syngas. Talcher Fertilisers applied for a separate urea project. Coal gasification converts domestic…
Industry Odisha Bureau, Sep 08: India spend is shifting toward its youngest consumers. Gen Z now shapes nearly half of urban India’s discretionary choices. That shift is forcing companies to rethink brand strategy fast. India counts about 377 million Gen Z consumers today. They make up roughly 28% of the population. Yet this cohort already influences 43% of consumption spending. That influence totals close to $860 billion, per BCG and Snap Inc. Most of that figure is not personal income. About $660 billion is influenced spending, where parents pay. Only $200 billion comes directly from Gen Z’s own earnings. That…