Industry Odisha Bureau, Aug 29: India’s noted engineering and infrastructure firm Larsen and Toubro (L&T) has reportedly decided to exit from its ongoing ownership of conventional assets as it has reportedly opted for focusing on owning and operating new-age assets in order to generate recurring revenue henceforth. Media reports, citing reliable sources, have stated that, “L&T now aims at generating recurring revenue from high-margin sectors such as data centers, green hydrogen production and electronics manufacturing.” Media reports, quoting analysts and experts, have added that, “Such a strategic shift in L&T’s latest business policy is deemed to be a pivotal part…
Author: Industry Odisha
Industry Odisha Bureau, Aug 29: Gold rates in India remained under pressure today, with rates witnessing another decline. The 24-carat gold rate (10 grams) fell to Rs 1,58,240, marking a drop of Rs 1,580 from the previous day. Meanwhile, 22-carat gold (10 grams) is priced at Rs 1,45,050, down by Rs 1,450. Further, 18-carat gold (10 grams) stands at Rs 1,18,680, showing a decline of Rs 1,190. Notably, gold rates continued their downward movement on August 29, 2026. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,58,240 for 24 carat gold. Rs 1,45,050…
Industry Odisha Bureau, Aug 28: In a significant development for consumers, ex-mill sugar prices in Odisha have declined by approximately 20%, signaling a major shift in the commodity market. Following this wholesale correction, retail prices have begun their downward movement across the state, bringing relief to households. The decline reflects coordinated government measures aimed at improving market availability and accelerating the flow of sugar through distribution channels. These interventions have proven effective in stabilizing the market and ensuring consumers benefit from lower wholesale rates. “This 20% price correction at the ex-mill level demonstrates the market’s responsiveness to improved supply conditions,”…
Industry Odisha Bureau, Aug 28: The Sajjan Jindal-led JSW Group has put its proposed 50GWh battery cell manufacturing in Cuttack on hold after failing to secure a Chinese technology partner because of Beijing’s restrictions on technology transfers. Speaking to reporters on the sidelines of an event in Mumbai, JSW MG Motor India Director and MD of JSW Cements and JSW Pains, Parth Jindal said that the group is keen to make cells in India but the difficulty in getting a partner for lithium iron phosphate (LFP) technology has forced it to change its plans. “We are very keen to make…
Industry Odisha Bureau, Aug 28: Odisha’s Department of Agriculture and Farmers Empowerment signed six key partnership agreements. The collaborations aim to strengthen agricultural development and rural economic opportunities statewide. Deputy Chief Minister Kanak Vardhan Singh Deo, the Agriculture Minister, oversaw the formal ceremony. ICRISAT has committed to four distinct projects strengthening seed systems and breeding. The projects focus specifically on pulses and oilseeds for crop diversification. These technologies can accelerate agricultural research and improve availability of improved seed varieties. The M.S. Swaminathan Research Foundation will work in Nayagarh district with farmers. MSSRF targets food security, nutrition security and livelihood security…
Industry Odisha Bureau, Aug 28: Chief Minister Mohan Charan Majhi has announced the revival and operational restart of the Nayagarh Sugar Mill, fulfilling a long-pending demand of the district’s people. A PSU has already agreed to operate the mill, marking a significant step toward realizing the project. In a separate development, the Chief Minister also announced approval for the Nayagarh Britang Irrigation Project. The work is slated to commence shortly. The announcements assume importance as they address crucial infrastructure and agricultural priorities in the region. Sugar Mill Revival The Nayagarh Sugar Mill, which has remained defunct for years, will be…
Industry Odisha Bureau, Aug 28: Odisha has distributed the fifth installment of the Subhadra Scheme to beneficiaries. Chief Minister Shri Mohan Charan Majhi led the distribution ceremony held in Nayagarh. More than 1.03 crore women across urban and rural areas are receiving assistance. The government presents Subhadra as a foundation for broader women’s economic empowerment. The Chief Minister emphasized that Subhadra goes beyond direct financial transfers to households. Placing financial resources directly into women’s hands can strengthen independence and agency. The scheme aims to contribute to wider social and economic transformation across Odisha. Deputy Chief Minister Shrimati Pravati Parida and…
Industry Odisha Bureau, Aug 28: The government has formally begun the search for Paradip Port Authority’s next chairman. The Ministry of Personnel, Public Grievances and Pensions issued the vacancy circular on August 25, 2026. The position stands at the Joint Secretary level within India’s maritime governance structure. Applications must be submitted digitally through the SUPREMO platform by September 24, 2026. Shri P.L. Haranadh, an Indian Railway Traffic Service officer from 1994, currently leads the authority. He assumed the Paradip Port Authority chairmanship in October 2021 with extensive operational expertise. His background encompasses freight logistics, rail transportation, maritime affairs and port…
Industry Odisha Bureau, Aug 28: Bengaluru-headquartered Swiggy Instamart, an Indian online grocery, food ordering and delivery quick-commerce services company, has reportedly partnered with 400 brands under its ‘Switch To Better’ initiative, and has also reportedly claimed not only to offer products with cleaner ingredients and exclusive pack sizes, but also to stand out in India’s fast-moving quick commerce scene trying to catch up with Blinkit and Zepto, which are claimed to have currently led the market, remarked the market experts. Citing data and views of market experts, media reports have stated that, “While Instamart had an estimated market share at…
Industry Odisha Bureau, Aug 28: In a bid to fuel the entrepreneurship dreams of college and university students with capital, credibility and conviction, Campus Fund (CF), [claimed to be India’s first and only SEBI-registered Category II fund that invests exclusively in student-led start-ups], is reportedly raising $100 million fund as venture capital firms are reportedly scouting college and university campuses for their next investments. Quoting reliable CF sources, media reports have stated that, “The CF is building a portfolio of about 60 student-led start-ups, chiefly EtheralX, Sarla Aviation, Digantara, Banza, Expand My Business, Raaz, D-Nome, We360, et al.” Media reports…