Industry Odisha Bureau, Sep 07: Incoming Air India CEO and MD Tewolde Gebremariam has outlined his leadership priorities. Safety, operational excellence and customer experience anchor his agenda. He wants to strengthen Air India’s brand and market position. The incoming CEO called Air India an iconic aviation brand. Tewolde addressed employees at a townhall on the transition. Chairman N. Chandrasekaran and outgoing CEO Campbell Wilson also attended. He recalled Air India’s strong industry position during the 1990s. He described the airline’s heritage as powerful and its brand strong. The incoming CEO expressed ambition to restore Air India’s stature. He said the…
Author: Industry Odisha
Industry Odisha Bureau, Sep 07: Digital advertising is set to dominate global ad spending by CY29. Digital formats already commanded about 72% of global advertising revenue in CY24. India’s digital media is expanding just as fast. Digital media grew over 30% year-on-year in CY25. It has overtaken television as India’s largest media segment. The shift signals changing advertiser preferences and consumer behaviour worldwide. Global advertising revenue is shifting decisively toward digital formats. Digital channels accounted for around 72% of revenue in CY24. That share is projected to reach approximately 80% by CY29P. The trend reflects growing advertiser confidence in digital…
Industry Odisha Bureau, Sep 07: Maruti Suzuki India will raise prices on select models. The increase reaches up to ₹20,000 from September. This marks Maruti Suzuki’s third price hike since May 2026. Sustained increases in input costs prompted the decision, the company said. Why Maruti Suzuki is raising prices Input costs have stayed elevated for several months now. Maruti Suzuki said inflationary pressures remain persistent across its operations. In a regulatory filing, the company cited continuous sustained cost increases. It has already raised prices twice since May this year. Those earlier hikes covered its entire vehicle portfolio. The company said…
Industry Odisha Bureau, Sep 07: A third of Dubai’s working population is Indian. Indian Bank’s board just approved a move to tap that. The bank has cleared a plan for a representative office there. It’s now pursuing the remaining regulatory approvals needed. The push forms part of a broader overseas expansion drive. MD and CEO Binod Kumar framed the logic simply in an interview. Dubai’s large Indian diaspora represents an under served banking relationship. Kumar put the city’s Indian working population at roughly 33%. That population, he suggested, is exactly the customer base Indian Bank wants closer to. This wouldn’t…
Industry Odisha Bureau, Sep 07: Two numbers tell the real story buried in August’s auto sales report. Petrol’s share of passenger-vehicle sales: 40.85%. Alternative fuels combined: 41.95%. For the first time in Indian retail history, petrol isn’t the default choice anymore. That crossover happened inside a record month. FADA data show 24,23,201 vehicles sold across categories in August, up 17.51% from a year earlier. It’s the strongest August the industry has ever logged. But the fuel-mix shift is arguably the more consequential development, and it’s easy to misread. This isn’t an EV story. CNG, hybrids and electric vehicles are being…
Industry Odisha Bureau, Sep 07: There’s a strange mismatch at the heart of India’s gold economy. Households sit on roughly 28,000 tonnes of it, worth an estimated Rs 380-390 trillion. Almost none of that wealth has entered the formal credit system. Motilal Oswal’s latest numbers put the figure at just 8% — and that’s using a generous 60% loan-to-value assumption. The rest sits in lockers, bank vaults and family collections, doing nothing for anyone’s balance sheet. That gap is now the industry’s main growth story. Motilal Oswal projects the gold lending sector will expand at nearly 28% annually through FY28E.…
Industry Odisha Bureau, Sep 07: India is stepping up coal shipments by rail to power plants. This follows a rise in generators facing critically low inventories. The affected-plant count reached 58 by September 5. Heavy rainfall has disrupted coal mining and transportation. Coal remains central to India’s electricity generation, raising the stakes. The number of plants holding below 25% of required coal stocks has grown steadily. It rose from 46 at the end of August to 58 by September 5. That’s an increase of 12 plants in roughly a week. These generators hold less than three days of coal for…
Industry Odisha Bureau, Sep 07: Something shifted quietly in Indian showrooms last month. For the first time on record, alternative-fuel vehicles outsold petrol cars. FADA’s August numbers confirm it: CNG, hybrid and electric models combined for 41.95% of passenger-vehicle retail. Petrol managed 40.85%. That’s a reversal from just over a year ago, when petrol was ahead by nearly eleven points. The broader sales picture was equally strong. Total retail volume across all vehicle types hit 20,62,038 units. That’s up 17.5% from August last year, FADA’s monthly report showed. Every segment contributed to the gain, though unevenly. Two-wheelers were the standout,…
Industry Odisha Bureau, Sep 07: Odisha Government is strengthening urban governance through the Atal Network for Knowledge, Urbanisation and Reform (ANKUR)—a collaborative platform that connects Urban Local Bodies (ULBs) with knowledge institutions, experts, development organisations and innovation partners to address urban challenges and improve services for citizens. Inspired by the vision of Bharat Ratna Atal Bihari Vajpayee and launched on May 28, 2025, ANKUR serves as a bridge between urban challenges and solutions. It enables ULBs to identify problems, access specialised knowledge and technology, test innovative approaches, build institutional capacity and scale successful solutions across cities. Rather than functioning as…
Industry Odisha Bureau, Sep 07: Singapore’s Temasek has emerged as the sole contender for Blue Tokai. The potential deal involves a $100 million stake. Blue Tokai is a Gurugram-based specialty coffee company. Temasek is currently conducting due diligence on the transaction. The move highlights growing investor interest in India’s premium coffee market. Blue Tokai had earlier held preliminary talks with multiple funds. TPG, Temasek and ChrysCapital were all part of those discussions. The company sought to raise at least $100 million. That capital could come through primary or secondary transactions. A primary deal brings fresh capital into the company. A…