Industry Odisha Bureau, Sep 07: Indian space-tech startup Pixxel has raised $100 million in Series C funding. Singapore’s Temasek and UK-based Seraphim Space co-led the round. The financing is Pixxel’s largest to date. It ranks as India’s largest space-technology funding round. The capital backs Pixxel’s push beyond hyperspectral satellites into Earth intelligence. 360 ONE Asset and Seoul’s IMM Investment also joined the round. Existing backers Radical Ventures and growX ventures increased their stakes. Mint had earlier reported Temasek was leading talks in July. That report cited a valuation range of $350-400 million. The new round takes Pixxel’s total funding to…
Author: Industry Odisha
Industry Odisha Bureau, Sep 07: Iran is close to finalizing a controlled shipping corridor through the Strait of Hormuz. The route would pass through both Iranian and Omani waters. Tehran is separately preparing a new maritime exclusion zone. Both steps unfold against the backdrop of an ongoing regional war. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, disclosed the corridor talks on state television. He said Tehran has been negotiating shipping-route maps directly with Oman. The goal is a defined framework for commercial vessel transit. Rezaei stressed that Iran would control the corridor’s entry and exit points. A fuller…
Industry Odisha Bureau, Sep 07: Odisha is emerging as one of India’s most diversified investment destinations. The state’s growth story now spans both legacy industries and future-ready sectors. It holds significant strength in mineral resources, metals and chemicals. These sectors have long anchored Odisha’s industrial economy. The state is now expanding into renewable energy and clean-tech manufacturing. Pharma and semiconductors are also gaining fresh momentum here. Aerospace and shipbuilding mark Odisha’s entry into high-value manufacturing. Textiles and food processing continue to strengthen its industrial base. To showcase this expanding potential, Odisha will host its Investors’ Meet in the UAE, 2026.…
Industry Odisha Bureau, Sep 07: Paradip Port has scripted a new chapter in Odisha’s maritime history by successfully berthing its first-ever Capesize vessel at Western Dock-1. The development marks a major advancement in the port’s deep-draft handling capabilities and reinforces its growing stature on the national shipping map. A Legacy Rooted in Kalinga’s Seafaring Heritage Odisha’s maritime story dates back to the ancient trading voyages of Kalinga, whose seafarers once connected the region to distant shores through commerce and culture. Today, that legacy finds modern expression in Paradip Port’s expanding infrastructure and rising trade capacity, positioning the state as a…
Industry Odisha Bureau, Sep 07: Gold prices in India declined today, with the 24-karat gold rate (10 grams) falling to Rs 1,54,150, down by Rs 650 from the previous day. Meanwhile, the 22-karat gold rate (10 grams) dropped to Rs 1,41,300, a decline of Rs 600. Further, the 18-karat gold rate (10 grams) stands at Rs 1,15,610, down by Rs 490. Notably, gold prices continued moved lower on September 07, 2026. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,54,150 for 24-karat gold and Rs 1,41,300 for 22-karat gold. Cuttack: Rs 1,54,150 for…
Industry Odisha Bureau, Sep 07: Amazon India’s operations drew fresh diplomatic attention this week. US Envoy Sergio Gor met executives from Amazon on Monday. Their talks centred on Amazon’s footprint within India. Broader US-India economic ties framed the entire discussion. Gor tied the meeting to expanding opportunities for American firms. Gor summarised the exchange himself in a public post. He called American innovation “a powerful force around the world.” The conversation, he said, covered Amazon’s India presence directly. It also touched expanding US business opportunities more broadly. This single meeting sits inside a wider diplomatic effort. A day earlier, Gor…
Industry Odisha Bureau, Sep 07: North Korea has commissioned a second naval destroyer this week. Kim Jong Un used the moment to push nuclear deterrence. The timing overlaps with fresh US-led military exercises nearby. Pyongyang views those drills as a direct security threat. Together, the events mark a tense regional moment. The new ship, Kang Kon, entered service Sunday in Wonsan. Kim attended the ceremony alongside his teenage daughter. South Korea’s intelligence service considers her his likely successor. State media showed her touring the vessel and meeting sailors. Kang Kon joins Choe Hyon, commissioned back in June. Both are 5,000-tonne…
Industry Odisha Bureau, Sep 07: India’s HPV vaccination drive now faces a legal challenge. A petition is before the Supreme Court this week. It questions how informed consent has been handled. Transparency and accountability concerns also feature prominently. The school-based vaccination component is the petition’s focus. The Universal Health Organisation filed this public interest litigation. It argues consent procedures for minors fell short legally. Bodily autonomy is central to that argument too. The petitioner wants school vaccinations paused temporarily. That pause would last until proper consent protocols exist. Context matters here. India launched a free HPV vaccination programme in February.…
Industry Odisha Bureau, Sep 07: India’s content industry is rethinking who owns a show. Tighter margins across TV and streaming are driving this. Producers now want assets, not just commissions. YouTube is becoming a favoured home for that ambition. Connected TV growth is widening the opportunity further. Balaji Telefilms, led by Ekta Kapoor, illustrates this pivot. The studio partnered with YouTube on five new shows. Together, they span roughly 200 episodes of fiction. Titles include Haq Se Season 2 and Kehne Ko Humsafar Hai Season 4. More projects reportedly remain under development. Crucially, Kapoor keeps creative control and IP ownership.…
Industry Odisha Bureau, Sep 07: India’s AIF industry wants foreign-control rules left unchanged. Draft FEMA rules could reshape how funds get classified. Offshore capital flowing through AIFs may face new hurdles. Regulators, meanwhile, are watching for possible regulatory arbitrage. The dispute centres on one question: who truly controls a fund? Alternative investment funds (AIF) pool money for unlisted companies. They back startups and expanding businesses across sectors. Over 2,000 AIFs have channelled ₹6.7 lakh crore cumulatively. That scale makes them a major risk-capital source. The disagreement stems from newly proposed rules. RBI released draft FEMA Foreign Investment Rules 2026 on…