Industry Odisha Bureau, Sep 05: Maldives Ports Limited awarded Phase 1 of Thilafushi Port to CHEC. This Chinese firm received the contract on single-nomination basis. The Maldives had earlier planned joint development with India. This decision marks a significant infrastructure shift for Male. It carries strategic significance for India’s southern neighbourhood. In 2024, President Mohamed Muizzu visited India for talks. Both sides announced plans to jointly develop Thilafushi Port. The stated purpose was decongesting the busy Male Port. The new Chinese MoU represents a departure from that arrangement. China Harbour Engineering Company, or CHEC, secured the latest deal. Its parent…
Author: Industry Odisha
Industry Odisha Bureau, Sep 05: India calls climate change a common global challenge facing all nations. New Delhi stresses developed countries bear greater historical responsibility. This came after Nepal’s remarks on compensation from major emitters. External Affairs Ministry spokesperson Randhir Jaiswal outlined India’s position Friday. Jaiswal said climate action must follow differentiated responsibilities and capabilities. Developed nations, historically the largest emitters, must lead reductions. They should also support developing countries through finance and technology. This principle has remained consistent in India’s climate diplomacy stance. Nepal Foreign Minister Shisir Khanal earlier named three major emitters specifically. He said the US, China…
Industry Odisha Bureau, Sep 05: iBRICS 2026 will bring sovereign capital to New Delhi next week. More than 500 investors and institutional leaders are expected. Represented capital across participants totals roughly $1 trillion. The summit aims to connect capital with bankable infrastructure projects. Infrastructure, energy and digital capacity remain central focus areas. India hosts the 18th BRICS Summit on September 12-13. The venue is Bharat Mandapam in New Delhi. India holds the BRICS Chair for 2026. This year’s theme emphasizes resilience, innovation, cooperation and sustainability. The Ministry of External Affairs confirmed this on August 27. Separately, iBRICS 2026 convenes at…
Industry Odisha Bureau, Sep 05: AdvaRisk is exploring a $20-25 million fundraise from potential investors. Fundamentum is among those considered for this early-stage discussion. The startup helps banks detect fraud and assess borrower risk. This comes as Indian banks confront costlier fraud incidents. Talks remain preliminary and could still change significantly. AdvaRisk is also discussing the round with other investors. Fundamentum, backed by Nandan Nilekani and Sanjeev Aggarwal, invests in startups. Its portfolio includes KukuFM, Wishlink, AppsForBharat and Flexiloans. Banks increasingly need stronger fraud-detection and recovery technology. Fraud cases fell to 10,114 during FY26, RBI reported. This compares with 23,722…
Industry Odisha Bureau, Sep 05: Dixon Technologies is targeting higher-value manufacturing segments beyond conventional electronics assembly. The company is looking toward aerospace, defence, automotive, medical and industrial sectors. Engineering capabilities and strategic partnerships remain central to this shift. Director and CFO Saurabh Gupta called it Dixon’s next growth phase. Gupta said Dixon is identifying high-growth, high-value opportunities across these sectors. The company has not yet established full-scale operations in each segment. A capability roadmap covers capital allocation, talent and partnerships. The goal is a globally competitive manufacturing platform for India. Backward integration and exports remain consistent priorities entering 2026-27. Dixon…
Industry Odisha Bureau, Sep 05: Odisha has strengthened its agriculture sector ahead of the 2026 Rabi season. The State Government extended major financial assistance through the CM-KISAN Funding Program. On Shri Krishna Janmashtami, ahead of Nuakhai, Chief Minister Shri Mohan Charan Majhi acted swiftly. He transferred over ₹833 crore to more than 41 lakh farmer families. The funds moved via Direct Benefit Transfer (DBT) in a Bhubaneswar event. This marks the fifth installment under the CM-KISAN scheme. It will help farmers procure essential inputs for the Rabi season. The government also ensures farmer welfare through allied schemes. These include fair…
Industry Odisha Bureau, Sep 05: India’s economic indicators improved modestly in July this year. Nine of 16 tracked indicators stayed above their one-year average. This marked an improvement from eight indicators in June. Vehicle sales and bank credit provided meaningful support. Yet inflation and weakening monsoon conditions cloud the outlook ahead. The broader picture, however, remained far from uniform. Seven indicators stayed below their one-year average range still. The gap was visible between goods and services consumption. Domestic production also diverged from external-sector performance during July. Consumption indicators regained momentum after June’s broader slowdown. Passenger car and van sales grew…
Industry Odisha Bureau, Sep 04: Gen Z is reshaping India’s credit market at remarkable speed. This generation accounted for 41TransUnion CIBIL’s Credit Market Indicator of first-time borrowers recently. Credit access is expanding rapidly across urban and rural India. Yet financial planning often stops at EMI affordability. Insurance and protection deserve equal attention in that plan. TransUnion CIBIL’s Credit Market Indicator report confirms this shift clearly. Its 2026 Beyond the Swipe study adds further detail. Half of India’s new-to-credit-card users are now Gen Z. That share has grown from 43% just four years ago. Adoption is increasingly reaching semi-urban and rural…
Industry Odisha Bureau, Sept 04: The Reserve Bank of India will hold a 30-day VRRR auction Monday. It targets absorbing Rs 7 lakh crore from the banking system. Excess liquidity followed special dollar-mobilisation programmes and forex inflows. RBI is addressing unusually high liquidity conditions across the market. Banking-system surplus surged to Rs 10.3 lakh crore. This record level was recorded as of September 3, 2026. Forex-inflow programmes generated inflows exceeding $130 billion recently. FCNR-B and other schemes drove much of this mobilisation. Subsequent dollar-rupee swaps added further to rupee liquidity. That surplus pushed money-market rates well below RBI’s target. The…
Industry Odisha Bureau, Sep 04: Lionel Messi has stepped back from international football, but his commercial appeal keeps climbing. Global brands still compete for his attention. His recognition, consistency and relatively low controversy make him a marketer’s dream. That combination has turned Messi into more than a footballer. His endorsement portfolio spans decades and categories. Adidas, Pepsi, Mastercard, Gatorade, Lay’s and Hard Rock have all built campaigns around him. His reach now extends into technology, hospitality, lifestyle and entertainment. Few athletes carry that kind of cross-category pull. Brands value Messi because he offers proven associations. He represents precision, excellence and…