Industry Odisha Bureau, Sep 04: Indian stocks extended losses for a fourth straight session on Thursday. The Nifty 50 fell 0.17% to 23,873. Sensex declined 0.55% to close at 76,152. Brent crude oil broke above $95 a barrel. Geopolitical tensions added further pressure on sentiment. HDFC Bank, M&M, Gland Pharma and CreditAccess Grameen stayed in focus. Technically, Nifty’s bias remains negative below 24,025, according to Bajaj Broking’s Pabitra Mukherjee. Sustained weakness could push the index toward 23,800–23,600. That zone aligns with the previous gap area and July’s low. On the upside, a move past 24,143, the 50-day EMA, could open…
Author: Industry Odisha
Industry Odisha Bureau, Sep 04 : Central banks are rethinking where their gold reserves should physically sit. De Nederlandsche Bank recently moved about 86 tonnes from North America to London. It cited rising geopolitical unrest and crisis preparedness. The decision highlights a broader shift in reserve-management priorities. Gold’s strategic role is expanding beyond simple interest-rate sensitivity. Before the transfer, DNB held 31.3% of its gold in New York and 19.7% in Ottawa. Both locations now hold 18.5% each, while London’s share has risen to roughly 32%. DNB holds 612.4 tonnes overall, valued at €72.2 billion at end-2025. Only 27 tonnes…
Industry Odisha Bureau, Sep 03: Odisha’s Works Minister Shri Prithviraj Harichandan has unveiled an aggressive strategy to accelerate state infrastructure development. The minister chaired a high-level departmental review at Lok Seva Bhawan today. Principal Secretary Shri Sanjay Kumar Singh presented proposals targeting swift project execution. He emphasized streamlining timelines and removing operational bottlenecks across initiatives. Minister Harichandan declared funding poses no constraint to state infrastructure advancement. He instructed officials to adopt global best practices and artificial intelligence technologies. The directive mandates enhanced sustainability, durability, and quality standards for all projects. Engineers must integrate AI-driven solutions into infrastructure planning and construction.…
Industry Odisha Bureau, Sep 03: Eight women from Odisha Administrative Service secured IAS promotions. The latest notification showcases remarkable gender parity at leadership levels. Out of fourteen promoted OAS officers, eight are women administrators. Historic Milestone for Women Leadership The Ministry of Personnel, Public Grievances and Pensions confirmed the promotion notification. This achievement marks a watershed moment for women in Indian Administration. Odisha’s women now represent more than half the promoted cadre. Names That Make History The promoted women include Madhumita Nayak, appearing twice on the official list. Both officers were born in 1970, just months apart. Alongside them are…
Industry Odisha Bureau, Sep 03: The financial assistance under ‘CM-Kisan’ (Rabi 2026-27) scheme by the Department of Agriculture and Farmers’ Empowerment, Government of Odisha, will be transferred tomorrow. This special event will be held at the OUAT Krushi Sikshya Sadan in Bhubaneswar, where the financial assistance will be provided at the hands of Hon’ble Chief Minister Shri Mohan Charan Majhi. Through this scheme, more than 41 lakh small, marginal, Particularly Vulnerable Tribal Groups (PVTG) and landless farmer families of the state will be directly benefited. More than Rs 833 crore of financial assistance will be provided directly to the bank…
Industry Odisha Bureau, Sep 03: Carrefour has re-entered India after a decade-long absence from the market. The French retailer’s comeback is anchored by Dubai-based Apparel Group. Their strategy prioritises organic expansion over rapid, mass-market rollout plans. Multiple stores are planned across Delhi-NCR in coming months. Acquisitions remain an additional route to accelerate future growth. Apparel Group opened a Carrefour hypermarket exceeding 50,000 square feet recently. The Greater Noida store marks Carrefour’s second attempt at India. Its first entry began in 2010 through cash-and-carry wholesale operations. That venture ended in 2014, when five stores were shut. Poor performance and lack of…
Industry Odisha Bureau, Sep 03: A senior HD Hyundai delegation visited Thoothukudi this week for shipyard talks. The discussions form part of India’s broader greenfield shipbuilding cluster programme. Officials met representatives from V.O. Chidambaranar Port and Tamil Nadu’s government. Thoothukudi ranks among five proposed shipbuilding clusters nationally. The project has moved beyond its initial conceptual planning stage. HD Hyundai, among the world’s largest shipbuilders, sent delegates for talks. Discussions centred on establishing a major shipbuilding facility locally. The Centre proposes five greenfield clusters across India’s coastline strategically. Full central capital assistance is proposed for shared infrastructure development. Thoothukudi has reportedly…
Industry Odisha Bureau, Sep 03: Kashmir’s walnut growers are harvesting a strong crop this season, yet returns remain weak. Cheap imports and ageing orchards are squeezing farmer incomes across the valley. Growers say cheaper imported walnuts are undercutting prices for their local produce this season. Ageing trees are limiting productivity even as harvests remain relatively strong overall. The combination is creating a difficult economic environment for Kashmir’s walnut farmers. Jammu and Kashmir produces more than 95 per cent of India’s walnuts. Annual output stands at around 3.5 lakh tonnes, according to official data available. About 89,000 hectares across the union…
Industry Odisha Bureau, Sep 03: Mercedes-Benz views India as substantially more than a luxury vehicle market. The German automaker plans to introduce many more models over coming years. CEO Ola Kallenius underscored the company’s expanded India strategy at SIAM’s Annual Convention 2026. His announcement signals Mercedes-Benz’s recognition of India’s expanding importance to global automotive companies. India represents a key growth market for Mercedes-Benz’s premium automobile portfolio expansion strategy. Beyond vehicle sales, the company identifies India as a significant technology and talent hub. The German automaker sees India as providing capabilities required by global technology-oriented OEMs. This perspective extends beyond traditional…
Industry Odisha Bureau, Sep 03: Today’s landmark launch of “Building Odisha’s Green Workforce” crystallizes India’s energy transition strategy. iFOREST released groundbreaking research at World Skill Center today. Report outlines Odisha’s green economy job creation roadmap. Ten lakh FTE jobs possible within a decade. Energy transition paired with targeted skilling ensures workforce readiness successfully. Massive Job Creation Potential Identified Odisha’s green economy could generate 10 lakh full-time equivalent jobs. Renewable energy sector alone projects 29,400 jobs by 2030. Conservative estimates suggest 57,000+ positions by 2035 realistically. Green investment pipeline adds 48,400+ additional employment opportunities regionally. Existing Workforce Can Transition Successfully Analysis…