Industry Odisha Bureau, Sep 04: Chief Minister Shri Mohan Charan Majhi launched the Odisha Yatri Safety App on the occasion of Local Self-Government Day, marking a significant step towards safer, smarter and more citizen-centric urban mobility in Odisha. Launched in the presence of Housing & Urban Development Minister Dr. Krushna Chandra Mahapatra and Odisha Yatri Brand Ambassador, noted actor Archita Sahu, the safety initiative brings a comprehensive set of emergency-response features directly into the Odisha Yatri platform. India’s First State-Owned Safety App is designed around a simple principle: when something feels wrong, help should not be buried inside a menu.…
Author: Industry Odisha
Industry Odisha Bureau, Sep 04: Gold rates in India hiked today, with 24-karat gold rate (10 grams) rising to Rs 1,56,660, up by Rs 1,310 from the previous day. Meanwhile, the 22-karat gold rate (10 grams) climbed to Rs 1,43,360, an increase of Rs 1,200. Further, the 18-karat gold rate (10 grams) stands at Rs 1,17,490, rising by Rs 980. Notably, gold rates hiked on September 04, 2026. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,56,660 for 24 karat gold. Rs 1,43,600 for 22 karat gold. Kataka: Rs 1,56,660 for 24 karat gold. Rs 1,43,600…
Industry Odisha Bureau, Sep 04: Cybersecurity just became a major OpenAI priority this week. The company pledged $1 billion toward subsidized cybersecurity access. This covers AI cybersecurity tools, training and technical support combined. Organizations safeguarding critical services stand to benefit most. Rising AI-enabled cyberattack sophistication is driving this significant commitment. Rather than cash grants, OpenAI is offering discounted tool access. This approach lets recipients tap directly into OpenAI’s capabilities. Technical support accompanies these tools to aid practical deployment. Training components help organizations build lasting internal cyber-defence expertise. Together, these three pillars form OpenAI’s broader protective strategy. Branded Daybreak for Frontline…
Industry Odisha Bureau, Sep 04: A wave of surplus liquidity is reshaping mortgage lending strategy. HSBC and Kotak Mahindra Bank are leading this shift. Both have introduced hybrid home loans with built-in rate transitions. The goal: deploy excess funds while shielding lending margins. This comes as interest-rate direction remains genuinely uncertain. Consider HSBC’s approach first. Borrowers can choose a three-year fixed rate at 7.50%. A longer five-year option carries 8.25% instead. Once either period ends, rates shift to prevailing floating terms. At that point, the bank applies the current repo rate. A pre-agreed margin, set at loan disbursement, gets added…
Industry Odisha Bureau, Sep 04: Tea Board India has partnered with NIT Rourkela and ISRO. This tripartite collaboration will develop an AI-based monitoring system. The project targets tea plantations across major growing regions. It combines satellite data, UAV inputs and ground-level observations. The initiative addresses crop stress, pest forecasting and yield estimation. The partnership involves Tea Board India, NIT Rourkela and ISRO’s NRSC. National Remote Sensing Centre brings satellite and geospatial expertise here. NIT Rourkela contributes research capabilities for AI system development. Together, they’ve launched a project called CHAAYANKAN. This stands for Comprehensive AI-based Geospatial Data Analytics for Tea Plantation…
Industry Odisha Bureau, Sep 04: Cipla’s US subsidiary has struck a new oncology partnership. Invagen Pharmaceuticals will license and supply QL2107 domestically. This biosimilar targets pembrolizumab, marketed globally as Keytruda. Cipla will leverage its US commercial presence to market it. The deal strengthens Cipla’s broader oncology-focused portfolio strategy. QL2107 aims to widen access to advanced cancer therapies. It could also help lower treatment costs for patients. As a pembrolizumab biosimilar, it targets the same therapeutic pathway as Keytruda. This positions Cipla within the growing US biosimilar oncology space. The product remains under development, not yet commercially available. Qilu Pharmaceutical carries…
Industry Odisha Bureau, Sep 04: Electronics producers are innovating rapidly to manage rising costs. Material substitution and deeper localisation now define industry strategy. Companies are protecting margins without fully burdening consumers. Commodity inflation has forced manufacturers to rethink sourcing decisions. This shift spans air-conditioners, refrigerators, fans and consumer electronics broadly. Copper prices have surged sharply over the past year. They’re up roughly 45% year-on-year, industry data shows. Over six months alone, copper rose another 17-18%. In response, manufacturers are substituting aluminium, steel and alloys instead. This applies particularly to motors, condenser coils and connecting pipes. Such substitution can save 2-6%…
Industry Odisha Bureau, Sep 04: India Inc is closely reviewing its UAE tax exposure now. The UAE’s minimum-tax regime sets a 15% floor. Registration for qualifying firms closes on November 30. Large multinational groups face the greatest scrutiny here. Companies are reassessing structures, compliance readiness and data preparation. The UAE’s minimum tax can reduce previous advantages significantly. Its standard corporate tax rate stands at 9%. Qualifying free-zone income has often enjoyed 0% treatment. For groups within scope, that advantage may now shrink. Not every UAE company will face this 15% floor. This regime stems from OECD Pillar 2 commitments. The…
Industry Odisha Bureau, Sep 04: ISRO has successfully launched its EOS-05 satellite into orbit. GSLV-F17 carried the spacecraft from Sriharikota early Friday. The mission marks India’s first dedicated geo-orbit imaging capability. EOS-05 is designed to deliver near real-time imagery. Its applications span agriculture, disaster management and strategic data needs. This “eye on sky” satellite weighs 2,367 kilograms at launch. That makes it the heaviest payload GSLV has ever carried. The satellite was placed into a sub-geosynchronous transfer orbit. This happened roughly 18 minutes after liftoff from the spaceport. Orbit-raising manoeuvres will follow before EOS-05 reaches its final position. Unlike satellites…
Industry Odisha Bureau, Sep 04: Job losses at PayPal have reached India this week. Roughly 220 positions were eliminated there, sources say. The move sits inside a much larger corporate overhaul. PayPal has been restructuring globally since early this year. Rising competition in digital payments is driving the push. Behind the India cuts lies a company-wide transformation plan. PayPal’s leadership wants leaner, simpler global operations. Execution and long-term growth are the stated priorities. A company spokesperson linked the India move to that plan. Nothing suggests India was singled out for special treatment. Numbers illustrate the scale of PayPal’s ambitions here.…