Industry Odisha Bureau, Sep 04: Odisha’s Chief Secretary chaired the third State Level Committee meeting on Standardization on Monday. The meeting was held at Lok Seva Bhawan here. The committee focused on strengthening the state’s quality ecosystem. It called for wider implementation of Indian Standards across departments. Members emphasised quality checks in public procurement processes. Government departments were urged to prioritise ISI-marked products wherever applicable. Officials were advised to follow relevant Indian Standards strictly. This applies to all future procurement decisions and processes. The committee also stressed capacity building for government employees. Training on standardization norms was identified as a…
Author: Industry Odisha
Industry Odisha Bureau, Sep 04: India’s forex reserves rose $11.47 billion to a record high. Total reserves reached $740.80 billion by August 28. This increase was recorded in the week ended that date. The Reserve Bank of India released this latest data. The record reserve level strengthens India’s external financial buffer. The RBI reported these figures on Friday this week. Reserves climbed from prior levels within just one week. This marks the highest reserve level India has recorded. Such growth reflects meaningful movement in India’s external accounts. The scale of this weekly jump stands out notably. Reserve levels matter significantly…
Industry Odisha Bureau, Sep 04: CBIC has eased documentation norms for the manufacturer importer scheme. The change applies to the Eligible Manufacturer Importer scheme. Required documents have fallen from ten to three. The revised process begins September 15 this year. Eligible manufacturers can defer applicable Customs duty payments. The scheme emerged from the 2026-27 Union Budget. It created a new importer category for trusted manufacturers. These Eligible Manufacturer Importers can clear goods without immediate duty. Instead, Customs duty becomes payable on a monthly basis. This follows the Deferred Payment of Import Duty Rules, 2016. Deferred payment offers real benefits to…
Industry Odisha Bureau, Sep 04: India’s ₹37,500-crore coal gasification incentive scheme has attracted no applications. The September 7 deadline is fast approaching. Neither private nor public-sector players have applied so far. This muted response raises questions about project viability. The Coal Ministry aims to gasify 75 million tonnes of coal and lignite. A query to the ministry went unanswered at filing time. The scheme was cleared by the Union Cabinet earlier this year. It supports surface coal and lignite gasification projects nationwide. The Request for Proposal was dated July 7, 2026. Applications were meant to close by September 7. The…
Industry Odisha Bureau, Sep 04: Rentomojo’s profit growth is reshaping investor sentiment ahead of listing. The furniture rental company has strengthened profitability significantly over recent years. Operating cash generation has improved alongside this profit trajectory. Rentomojo is now approaching its planned initial public offering. Its asset-heavy business model remains central to this story. The company has posted profits for four consecutive years now. Profit after tax reached ₹104.3 crore in FY26. That figure more than doubled from ₹43.1 crore in FY25. Earlier years showed ₹22.4 crore in FY24 and ₹4.4 crore in FY23. This trajectory reflects a steady, sustained profitability…
Industry Odisha Bureau, Sep 04: TRAI has proposed new quality-of-service rules for 5G slicing. Major telecom operators have raised significant concerns in response. The dispute centers on technical practicality and network flexibility. Operators question whether internal metrics should trigger regulatory action. TRAI’s stated aim is protecting ordinary users from degradation. Under the draft rules, a 5G cell exceeding 80% utilisation during peak hours faces scrutiny. This applies if it happens on five days monthly. Across a service area, only 1% of cells can breach this threshold. Unresolved congestion within 30 days forces priority-slice shutdowns. Operators must also give TRAI 21…
Industry Odisha Bureau, Sep 04: Former RBI Guv Raghuram Rajan has clarified his position on India’s GDP figures. He said he has neither questioned nor endorsed recent numbers. His broader focus remains on the economy’s growth trajectory. Rajan has repeatedly wondered why strong growth hasn’t lifted investment. Private investment, FDI and job creation remain his central concerns. Sharing his views on a social networking platform, Rajan addressed circulating clips from a media interview. He wrote he has nothing new to say about GDP. “I have neither questioned nor endorsed them,” he stated clearly. His puzzlement, he explained, concerns broader economic…
Industry Odisha Bureau, Sep 04: ZEISS has opened its first Innovation Hub outside Germany. The facility sits at IIT Madras Research Park in Chennai. This marks a significant deepening of ZEISS’s India presence. The hub strengthens collaboration between ZEISS and Indian researchers. India’s innovation ecosystem is becoming strategically important for ZEISS. ZEISS is globally known for precision optics and opto-electronics. The company also specializes in microscopy and advanced engineering solutions. Its business spans Semiconductor Manufacturing Technology and Industrial Quality & Research. Medical Technology and Consumer Markets round out its portfolio. The Chennai hub reflects growing confidence in India’s research capabilities.…
Industry Odisha Bureau, Sep 04: Kia has launched the Sorento SUV in India at Rs 27.99 lakh. The starting price applies ex-showroom across the base variant. Buyers get hybrid and diesel powertrain choices at launch. Notably, the hybrid comes paired with AWD availability. This positions the Sorento above Kia’s existing Seltos SUV. The Sorento now serves as Kia’s flagship ICE SUV in India. It enters a competitive premium segment against established rivals. Toyota Fortuner, Skoda Kodiaq, Jeep Meridian and Volkswagen Tayron feature here. The hybrid AWD combination stands out as a segment proposition. Diesel remains available for buyers preferring traditional…
Industry Odisha Bureau, Sep 04: India’s substantial Russian oil purchases face renewed scrutiny in Washington. Trump’s proposed 100% tariff measure remains stuck in Congress. A Russia sanctions bill cleared the Senate by a wide margin. But House opposition now makes quick passage unlikely. India’s energy security calculations remain central to this unfolding story. The stalled legislation could authorize tariffs up to 100 percent. It would target major buyers of Russian crude and gas. India, China and Turkey rank among the largest purchasers. Importantly, this remains a proposal, not an implemented tariff. No timeline for enactment currently exists in Washington. Russia’s…