Industry Odisha Bureau, Sep 06: The AI data-center boom is reshaping commercial insurance markets. Global premiums for data centers could reach $20 billion to $30 billion by 2030. Individual hyperscale facilities can carry tens of billions in insured value. Extreme weather and operational risks complicate coverage for these assets. Insurers now face a rare mix of opportunity and concentrated risk. Swiss Re projects this rapid expansion in its latest report. Data centers could generate roughly $10 billion in new premiums this year, S&P Global estimates. That growth would far outpace most established insurance sectors. Individual AI data centers rank among…
Author: Industry Odisha
Industry Odisha Bureau, Sep 06: The Revenue & Disaster Management Department has directed all Collectors to ensure the uniform and consistent use of revised English spellings of place names in conformity with their Odia pronunciation across all Government offices and institutions in their respective districts. Additional Chief Secretary to Government, Revenue & Disaster Management Department, Dr. Arabinda Kumar Padhee, has written to all Collectors directing them to undertake a comprehensive review of the nameplates and signboards of Government offices and institutions and ensure that the revised spellings approved by the Government are used uniformly. As per the Gazette Notification issued by…
Industry Odisha Bureau, Sep 06: India’s revised GDP estimates have triggered fresh statistical scrutiny. Historical nominal GDP figures were revised sharply downward recently. The new methodology introduced significant changes to calculations. PPI’s rapid inclusion in GDP has raised transparency concerns. This debate centres on credibility, not just growth direction. India shifted to a new GDP base year: 2023-24. This methodology addresses weaknesses from the earlier 2011-12 series. Changes include current survey data for unorganised sectors. Double deflation was introduced specifically for manufacturing calculations. Supply-use data now helps reduce production-expenditure discrepancies. These upgrades responded partly to IMF data-quality concerns. The IMF…
Industry Odisha Bureau, Sep 06: VinFast has started recruiting dealers across India. The move signals its electric two-wheeler entry nears. Applications remain open until September 15 this year. Local scooter assembly is also being prepared simultaneously. This comes as India’s E2W market keeps expanding. VinFast invited applications for exclusive E-Motorcycle dealership opportunities recently. The company seeks partners to expand its national presence. Interested dealers can apply through the stated September deadline. No dealership numbers or locations have been confirmed yet. India’s electric two-wheeler market continues gaining broader momentum currently. Growing consumer acceptance supports this expanding market segment. Wider charging infrastructure…
Industry Odisha Bureau, Sep 06: India’s government has released about 4,000 tonnes of buffer onions. Sales covered 17 cities over ten days recently. Subsidised onions are being sold at ₹35 per kg. The intervention aims to ease persistently high onion prices. Fresh kharif crop arrivals from October could reduce supply pressure. Consumer Affairs Secretary Nidhi Khare confirmed the sales figures on Sunday. The Centre holds 1.21 lakh tonnes of onion buffer stock. This stock is managed jointly through NCCF and Nafed. Both agencies oversee transport from producing states to markets. Subsidised sales target price-sensitive cities at ₹35 per kg. This…
Industry Odisha Bureau, Sep 06: India’s Supreme Court will hear a key airfare-regulation plea on September 7. The petition seeks guidelines against unpredictable fare fluctuations. It also challenges ancillary charges imposed by private airlines. The Centre has fast-tracked new aviation rules in response. Passenger protection remains central to this ongoing legal dispute. The matter will be heard by a two-judge bench. Justices Vikram Nath and Sandeep Mehta will preside over proceedings. The petition demands a robust, independent civil aviation regulator. It seeks transparency and stronger passenger protection measures overall. The plea also targets unchecked ancillary fees charged by airlines. On…
Industry Odisha Bureau, Sep 06: State Bank of India plans to recruit around 12,000 personnel this year. Hiring will span both clerical and officer cadres. SBI also plans to add roughly 250 branches. The bank employs over 2.45 lakh people currently. SBI is simultaneously preparing to dilute part of its NSE stake. Chairman C S Setty said recruitment could total 11,000 to 12,000 appointments. The final figure depends on retirements and emerging staffing needs. He expects the year to close near 12,000 recruitments. This spans both clerical staff and officer-level positions. Last year’s hiring was higher due to specialist IT…
Industry Odisha Bureau, Sep 06: India is considering wider FDI liberalisation in its plantation sector. Bananas are among the commercial crops under discussion. The Commerce and Industry Ministry is consulting stakeholders on the proposal. India already leads the world in banana production. Yet its global banana export share remains only 1 per cent. Currently, 100 per cent FDI is allowed under the automatic route in specified plantations. These include tea, coffee, rubber, cardamom, palm, and olive oil tree plantations. FDI is not permitted in other plantation activities beyond these. Bananas do not currently qualify for automatic-route investment. The government is…
ଭୁବନେଶ୍ୱର: ଦି ଇନ୍ଷ୍ଟିଚ୍ୟୁଟ୍ ଅଫ୍ କମ୍ପାନୀ ସେକ୍ରେଟାରିଜ୍ ଅଫ୍ ଇଣ୍ଡିଆ ପକ୍ଷରୁ ଭୁବନେଶ୍ୱର, ଓଡ଼ିଶାରେ “ନେକ୍ସଟ୍ଜେନ ସିଏସ୍- କାଟାଲିଷ୍ଟ ଅଫ୍ ଗ୍ରୋଥ୍ ଆଣ୍ଡ ଗାର୍ଡିଅନ୍ ଅଫ୍ ଗଭର୍ଣ୍ଣାନ୍ସ” ବିଷୟକୁ ନେଇ ତାହାର ୫୪ତମ ଜାତୀୟ ସମ୍ମିଳନୀ ୫ ସେପ୍ଟେମ୍ବର ୨୦୨୬ରେ ଉଦ୍ଘାଟିତ ହୋଇଯାଇଛି । କମ୍ପାନୀ ସେକ୍ରେଟାରୀମାନଙ୍କର ୩- ଦିବସୀୟ ଏହି ବାର୍ଷିକ ସମାବେଶ ନିୟାମକ, ଶିଳ୍ପ ନେତୃବୃନ୍ଦ, ବୃତ୍ତିଧାରୀ ଏବଂ ଅନ୍ୟ ସହଭାଗୀମାନଙ୍କ ମଧ୍ୟରେ ଆଲୋଚନା ନିମନ୍ତେ ଏକ ମଞ୍ଚ ହେଉଥିବାବେଳେ ଏହା ଚିନ୍ତାଶୀଳ ବିଚାର ବିମର୍ଷ ଏବଂ ନିୟୋଜନକାରୀ ଆଲୋଚନା ନିମନ୍ତେ ଏକ ସୁଯୋଗ ଯୋଗାଇ ଦେଉଛି । ଏହି ସ୍ମରଣୀୟ ମୁହୂର୍ତ୍ତ ଅବସରରେ ଆଇସିଏସ୍ଆଇ ତାହାର ବିଭିନ୍ନ ପ୍ରକାଶନଗୁଡିକ ଉନ୍ମୋଚନ କରିବା ସହିତ ବହୁବିଧ ପ୍ରୟାସ ସମ୍ପର୍କରେ ଘୋଷଣା କରିଥିଲା: ସେଗୁଡିକ ମଧ୍ୟରେ- – ସ୍ମରଣିକା – ଆଇସିଏସ୍ଆଇ ଦ୍ୱି-ବାର୍ଷିକ ପ୍ରଗତି ରିପୋର୍ଟ ୨୦୨୬ – ଆଇସିଏସ୍ଆଇ ଷ୍ଟୁଡେଣ୍ଟସ୍ ବେନେଭୋଲେଣ୍ଟ ଫଣ୍ଡ୍ (ଏସ୍ବିଏଫ୍) ଗଠନ – ପ୍ରଥମ…
Bhubaneswar, Sep 06: The Institute of Company Secretaries of India inaugurated its 54thNational Convention of Company Secretaries, themed “NextGen CS – Catalyst of Growth & Guardian of Governance,” in Bhubaneswar, Odisha, on 05 September 2026. The 3-day annual congregation of Company Secretariesis a platform for dialogues between regulators, industry leaders, professionals, and other stakeholders, providing an opportunity for thoughtful deliberations and engaging discussions. On this momentous occasion, the ICSI released variouspublications and announced various initiatives: • Souvenir • ICSI Bi-annual Progress Report 2026 • Constitution of ICSI Students’ Benevolent Fund (SBF) • 1stYouth Board Meeting (YBM) • Publication on Mastering…