Industry Odisha Bureau, Aug 31: HDFC Bank’s Deputy Managing Director (DyMD) Kaizad Bharucha is reportedly expected to be the interim chief till a full-time chief is formally appointed by the HDFC Bank Board following incumbent Chief Executive Officer (CEO) and Managing Director (MD) Sashidhar Jagdishan’s decision seeking no more reappointment and made up his mind to resign on October 26 this year.” As per media reports, “Being a commerce graduate from Sydenham College of Commerce and Economics under University of Mumbai, Kaizad Barucha (60) has spent 31 years at HDFC Bank since its inception and assumed office as the Deputy…
Author: Industry Odisha
Industry Odisha Bureau, Aug 31: HDFC Bank’s incumbent Chief Executive Officer (CEO) Sashidhar Jagdishan has reportedly decided not to seek reappointment as he is going to step down on October 26, 2026. Media reports have stated that, “Jagdishan took over as Chief Executive Officer (CEO) and Managing Director (MD) in October 2020, succeeding Aditya Puri. While his first term was marked by the landmark merger with HDFC Ltd, the second term saw a slate of negative news, including alleged mis-selling of AT-1 bonds, preferential deposit pricing for a government company, and the abrupt exit of its part-time chairman Atanu Chakraborty.”…
Industry Odisha Bureau, Aug 31: The Board of Directors of JSW MG Motor India Private Limited has appointed Parth Jindal as Chairman of the Company, with immediate effect. Mr. Parth has served on the Board of JSW MG Motor India since the formation of the joint venture, and has been closely involved in shaping the Company’s product strategy, manufacturing expansion and localisation programme, the company said in a statement. Mr. Parth Jindal is Managing Director of JSW Cement, Managing Director of JSW Paints, Chairman of JSW Dulux Limited, Chairman of JSW MG Motor India, and a Director on the Board…
Industry Odisha, August 31: Amid the ongoing deadlock with regard to formally choosing the best successor for the coveted post of Tata Sons’ next chairman, media reports have claimed that top executives of the Tata Trusts have urged the Maharashtra Charity Commissioner to resolve the deadlock. As per media reports, “Tata Trusts’ chief Noel Tata and two trustees – Darius Khambata and Jehangir HC Jehangir of Sir Ratan Tata Trust (SRTT) – have formally requested permission from the Maharashtra Charity Commissioner to nominate a member for the search panel jointly with Sir Dorabji Tata Trust (SDTT). Following the formation of…
Industry Odisha Bureau, Aug 31: Gold prices in India fell on Monday, with 24-carat gold (10 grams) at Rs 1,56,770, down by Rs 1,470 from the previous day. Meanwhile, 22-carat gold (10 grams) has been priced at Rs 1,43,700, a drop of Rs 1,300. Further, 18-carat gold (10 grams) costs Rs 1,17,850, down by Rs 830. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,56,770 for 24 carat gold. Rs 1,43,700 for 22 carat gold. Cuttack: Rs 1,56,770 for 24 carat gold. Rs 1,43,700 for 22 carat gold. New Delhi: Rs 1,56,920 for…
Industry Odisha Bureau, Aug 31: India is pursuing a major leadership role at the International Telecommunication Union this year. Revathi Mannepalli, the country’s nominated candidate, is contesting for director. She seeks to lead the Radiocommunication Bureau, one of ITU’s five top posts. Pakistan has publicly expressed support for her candidacy at a recent event. Mannepalli currently serves as joint wireless adviser at India’s telecommunications department. She also sits on the ITU Radio Regulations Board as a member. Her rivals include Eric Fournier of France and Alexander Kuhn of Germany. The election happens at November’s Plenipotentiary Conference in Doha, Qatar. Winners…
Industry Odisha Bureau, Aug 31: New Delhi: The government may soon offer incentives encouraging geographic diversification of chemical exports. This proposed support aims to help exporters access new international markets. The US currently accounts for 18% of India’s chemical exports. Europe, Southeast Asia, Africa and Latin America present fresh diversification opportunities. Officials cited concentration risks from heavy reliance on a single export destination. Expanding across multiple regions could build a more resilient export ecosystem. A product-region strategy would target specific chemical categories by market. Africa could offer opportunities in agrochemicals, water-treatment and construction chemicals specifically. Latin America presents demand for…
Bhubaneswar,August 31:-The Centre is considering interest subvention for electric-vehicle charging infrastructure. This support could accompany its proposed financing scheme for e-buses and e-trucks. Commercial operators face charging costs beyond simply purchasing new vehicles. The move could address a significant barrier facing electric-mobility adoption. The proposed scheme, discussed since early 2026, was pegged around ₹9,852 crore. It aims to support 50,000 e-buses and 50,000 e-trucks nationally. This rollout is envisioned over a five-year implementation period. Interest subvention and credit guarantees remain the proposal’s core financing mechanisms. Operators currently face a second major capital requirement beyond vehicle costs. They must either install…
Industry Odisha Bureau, Aug 31: India’s airport operators are confronting a mismatch between rising infrastructure capacity and airline availability. Fleet shortages, grounded aircraft and geopolitical disruptions are limiting passenger growth this year. Underlying demand for air travel across India nonetheless remains structurally strong and intact. Operators are therefore diversifying revenue while awaiting airline capacity to catch up. GMR’s annual report pegged Indian airline losses at ₹32,000-34,000 crore in FY26. That compares with roughly ₹5,500 crore in losses reported during FY25. Losses are expected to widen further to ₹36,000-38,000 crore in FY27. Rupee depreciation, elevated fuel prices and higher lease rentals…
Industry Odisha Bureau, Aug 31: Tractors and Farm Equipment Ltd will invest up to ₹1,250 crore in a fifth manufacturing plant. The facility, planned for north India, will add roughly 60,000 tractors of annual capacity. It marks TAFE’s first greenfield plant in twenty-nine years. The move follows a breakout year of growth for India’s second-largest tractor maker. Revenue climbed 25% to nearly ₹16,000 crore across TAFE’s group entities last year. Domestic sales grew 24.8%, with the company selling about 214,000 tractors. Chairperson Mallika Srinivasan credited a good monsoon, a GST cut, and farmer-friendly state policies. Together, these factors drew many…