Industry Odisha Bureau, Sep 03: Political boundaries appear increasingly irrelevant to Adani Group’s infrastructure ambitions nationwide. The conglomerate now pursues or executes roughly ₹5 lakh crore in projects. This pipeline runs through Congress-led and other opposition-governed states extensively. Roads, ports, power, renewable energy, cement and data centres feature prominently. Private capital has become essential as states pursue economic development goals. Six states illustrate this expanding footprint most clearly right now. Karnataka, Kerala, Telangana, Tamil Nadu, Bihar and Andhra Pradesh all feature Adani projects. Each engagement reflects a distinct stage, from active operations to early proposals. Sources describe this pattern as…
Author: Industry Odisha
Industry Odisha Bureau, Sep 03: ISRO will launch India’s first EOS-05 Earth observation satellite on Friday morning. The satellite represents India’s first Earth observation satellite in Geosynchronous Orbit positioning. EOS-05 will launch from Second Launch Pad at Sriharikota in Andhra Pradesh. Launch timing is scheduled for two fifty-five AM Indian Standard Time Friday. Geosynchronous Orbit positioning will enable EOS-05 to match the Earth’s rotation continuously. Unlike lower-altitude satellites that capture moving snapshots, EOS-05 offers truly persistent observation. The satellite will provide continuous, real-time viewing of the exact same region. This continuous observation capability distinguishes EOS-05 from conventional satellite imaging systems…
Industry Odisha Bureau, Sep 03: Tata Sons has approved in principle more than ₹10,000 crore for Air India. However, any fresh capital deployment will remain strictly conditional on business cases. Air India and other Tata Group investee companies must present detailed justifications. This represents one of Tata Sons’ biggest capital commitments since acquiring Air India. The approval, however, reflects mounting financial pressure and stricter capital governance at group level. Air India’s financial performance has become increasingly concerning within Tata Sons. The airline reported a loss of ₹22,238 crore in FY26. This loss more than doubled the previous year’s figures, straining…
Industry Odisha Bureau, Sep 03: Inox Wind has secured a 100 MW wind energy order worth ₹755 crore from Indian Oil Corporation. The order positions Inox Wind as a primary renewable energy solutions provider to a major public-sector energy company. Project execution will proceed on a comprehensive turnkey basis, reinforcing the company’s integrated capabilities. The contract includes end-to-end responsibilities spanning turbine supply through post-commissioning operations and maintenance. Under the order, Inox Wind will supply wind turbine generators and undertake full engineering responsibilities. The company will manage procurement and construction activities required for complete project execution. Post-commissioning operations and maintenance services…
Industry Odisha Bureau, Sep 03: State’s land acquisition arm, Odisha Industrial Infrastructure Development Corporation (IDCO) has approved 37 project proposals for allotment of land to industries and MSMEs. IDCO Land Allotment Committee led by Additional Chief Secretary and Corporation Chairperson Usha Padhee approved 24 land proposals for major industrial projects and 13 proposals aimed at promoting Micro, Small and Medium Enterprises (MSMEs). The decisions are expected to facilitate faster project implementation, create employment opportunities at the local level and strengthen regional industrial and supply-chain ecosystems across the State, officials claimed. The expeditious disposal of proposals reflects IDCO’s continued focus on…
Industry Odisha Bureau, Sep 03: Gold rates in India rebounded sharply today, with 24-karat gold rate (10 grams) rising to Rs 1,55,350, up by Rs 3,330 from the previous day. Meanwhile, the 22-karat gold rate (10 grams) climbed to Rs 1,42,400, an increase of Rs 3,050. Further, the 18-karat gold rate (10 grams) stands at Rs 1,16,510, rising by Rs 2,490. Notably, gold rates staged a strong recovery on September 03, 2026, after yesterday’s steep decline. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,55,350 for 24 karat gold. Rs 1,42,400 for 22 karat gold.…
Industry Odisha Bureau, Sep 03: Uber has begun cutting 200 to 250 positions across its India operations. Technology and operations functions have borne the brunt of these reductions. The move sits within a larger, company-wide restructuring announced this week globally. Roughly 3,300 roles are being eliminated across Uber’s worldwide operations altogether. Both engineers and their managers feature among those affected in India. The cuts have hit technology and operations teams especially hard here. Inside the AI Solutions team, nearly half the staff lost their roles. Economic Times cited sources familiar with the internal restructuring details specifically. The reductions mark Uber…
Industry Odisha Bureau, Sep 03: GIFT IFSC is strengthening its role as a growing international banking hub. IFSC Banking Units are increasingly channelling foreign-currency deposits into cross-border financing. The Reserve Bank’s special swap facility is enabling substantial foreign-currency mobilisation activity. As of August 31, twenty IFSC Banking Units had sanctioned USD 54.02 billion. Of this amount, USD 52.82 billion had been disbursed to support financing. FCNR(B) deposits accounted for USD 127.23 billion of total foreign-exchange inflows. Uday Kotak, Kotak Mahindra Bank founder, highlighted these developments as evidence. The performance signifies GIFT IFSC’s emergence as an international financial centre. IFSCA noted…
Industry Odisha Bureau, Sep 03: India’s ethanol programme faces mounting pressure from declining maize and sugarcane acreage. Policymakers are devising a more diversified feedstock strategy amid supply concerns now. Sustaining the 20% E20 blending mandate requires flexible allocation based on production. Rising sugar prices have prompted government consideration of protecting domestic sugar supplies. Maize acreage declined sharply to 8.99 million hectares from 9.38 million hectares. Sugarcane acreage fell to 5.84 million hectares, down 43,000 hectares year-on-year. These declines in both crops could tighten availability of major ethanol feedstocks considerably. Maize remains India’s largest single ethanol feedstock at 6.14 billion litres…
Industry Odisha Bureau, Sep 03: India’s onion market reveals a persistent challenge balancing farmer incomes against consumer affordability. The government banned onion exports from December 2023 to May 2024. Subsequently, the government imposed minimum export prices and varying export duty levels repeatedly. Abnormal rainfall reduced Maharashtra’s kharif crop by five to seven percent significantly. These weather shocks exposed deeper structural weaknesses in India’s onion supply infrastructure critically. Some Maharashtra farmers sold onions at approximately one rupee per kilogram because of poor quality and inadequate storage capacity. The Centre’s initial procurement price of twelve point three five rupees per kilogram proved…