Industry Odisha Bureau, Sep 14: RBI’s push for a Tata Sons listing could open a new path for SP Group. The group holds an 18.37% Tata Sons stake. But its nearer-term debt pressures complicate the timing.* RBI’s push concerning a Tata Sons listing could expand SP Group’s strategic options. SP Group is Tata Sons’ largest minority shareholder, holding 18.37%. A listing could improve the stake’s liquidity. It could also help establish a market-based valuation. Tata Sons Listing Could Unlock SP Group Stake A listing could offer SP Group a way to monetise its holding. It could also provide price discovery,…
Author: Industry Odisha
Industry Odisha Bureau, Sep 14: MoRTH’s draft rules would raise permitted motor power for low-speed EVs to 600W. The 25 kmph speed limit and registration exemption would stay unchanged. The electric two-wheeler industry is split over the plan. India’s transport ministry has proposed changing low-speed electric vehicle rules. The draft would raise permitted motor power from 250W to 600W. It would also remove the existing 60 kg unladen-weight ceiling. The 25 kmph maximum speed limit would remain unchanged. MoRTH Proposes Higher Power for Low-Speed EVs The proposal appears in an August 21 draft notification. It concerns Rule 2(u) of the…
Industry Odisha Bureau, Sep 14: India’s textile industry wants duty-free cotton imports extended beyond October 31. Cotton and yarn prices have both risen sharply this year. Farmers worry the move could pressure prices during the harvest. India’s textile industry has sought a six-month extension of duty-free cotton imports. The current exemption runs through October 31. The government had waived the 11% import duty from June. The move aimed to boost cotton availability and steady domestic prices. Textile Industry Seeks Duty-Free Cotton Extension Cotton prices have risen roughly 20% during 2026. They climbed about 24% over the past six months alone.…
Industry Odisha Bureau, Sep 14: HDFC Bank has sent two names to RBI for its top job. Deputy managing director Kaizad Bharucha is the internal candidate. The external nominee’s identity remains unconfirmed. HDFC Bank has submitted two candidates to the Reserve Bank of India. Deputy managing director Kaizad Bharucha is the internal nominee. The second candidate comes from outside the bank. That external nominee’s identity could not be independently confirmed. HDFC Bank CEO Search Reaches RBI The bank’s search began with more than 150 applications. Around 50 candidates were shortlisted from that pool. Fewer than 10 bankers were eventually interviewed.…
Industry Odisha Bureau, Sep 14: TRAI is preparing rules for AI-powered business calls. Businesses using automated calling systems will need to declare such traffic. The move aims to stop legitimate calls being wrongly flagged as spam. The Telecom Regulatory Authority of India is preparing measures for AI business calls. The goal is to stop legitimate automated calls being blocked as spam. The changes target India’s emerging voice AI industry. TRAI is expected to notify them this week. TRAI Builds Framework for AI Business Calls The measures fall under amendments being finalised to the TCCCPR. That stands for Telecom Commercial Communications…
Industry Odisha Bureau, Sep 14: Packaged-food companies are cutting sugar, salt and saturated fats early. FSSAI’s proposed warning labels remain pending. Reformulation can take six to eight months, executives say. Food and beverage companies are accelerating recipe reformulation in India. They are reducing sugar, salt and saturated fats. Changes span cookies, noodles, snacks, soft drinks and frozen foods. Companies are moving before FSSAI finalises its labelling framework. FSSAI Warning Labels Accelerate Recipe Changes FSSAI has proposed red hexagonal front-of-pack warning labels. These would flag products with excess sugar, salt or saturated fats. The framework remains a draft proposal, not final…
Industry Odisha Bureau, Sep 14: Indian refiners are using inventories to manage the Saudi East-West pipeline shutdown. The route supplied about 9% of India’s crude imports since the conflict began. Global oil inventories are shrinking too. Indian refiners expect inventories to bridge the immediate disruption. Saudi Arabia’s East-West oil pipeline remains shut. Refiners worry a prolonged closure could complicate crude sourcing. A widening Middle East conflict adds further uncertainty. Saudi Pipeline Disruption Tests Indian Refiners The pipeline carries Saudi crude towards the Red Sea port of Yanbu. That route gained importance amid difficulties around the Strait of Hormuz. India has…
Industry Odisha Bureau, Sep 14: Brent crude jumped near $108 a barrel on Monday. WTI crude rose towards $103. Middle East tensions and Strait of Hormuz risks are driving the surge. Oil prices extended sharp gains on Monday. Brent crude futures rose around 3%. They traded near $108 per barrel. WTI crude futures also gained roughly 3%. WTI traded close to $103 per barrel. Escalating Middle East tensions drove the move. Middle East Tensions Push Brent Towards $108 Oil had already gained around 8% last week. Prices moved above $100 for the first time since July. Fresh attacks involving Gulf…
Industry Odisha Bureau, Sep 14: Shapoorji Pallonji Group is reconsidering an early sale of its 18.37% Tata Sons stake. An investor note values the holding near ₹2.3 lakh crore. A potential Tata Sons listing may offer greater clarity on timing and valuation. Shapoorji Pallonji Group is reassessing how quickly to monetise its Tata Sons stake. The group holds an estimated 18.37% of Tata Sons. An investor note last month valued that holding near ₹2.3 lakh crore. A Reserve Bank of India directive has now entered the picture. RBI Directive Reshapes the Monetisation Calculus The RBI has directed Tata Sons to…
Industry Odisha Bureau, Sep 14: Brookfield is in advanced talks to acquire PGP Glass from Blackstone. The proposed valuation ranges between $1.3 billion and $1.5 billion. A binding agreement could emerge within two to three weeks. Brookfield is negotiating to acquire PGP Glass from Blackstone. The proposed transaction values the glass packaging maker at $1.3-$1.5 billion. Multiple people familiar with the matter described the talks. A binding agreement is expected within two to three weeks. The deal remains unsigned for now. Blackstone Weighs PGP Glass Exit Blackstone bought the business from billionaire Ajay Piramal in 2020. It paid $765 million…