Industry Odisha Bureau, Aug 27: Nvidia’s latest quarterly results reinforced exceptionally strong demand for artificial intelligence computing infrastructure chips. The company reported revenue of ninety-six point two two billion dollars for May-July. This surpassed Wall Street’s average forecast of ninety-two point two seven billion dollars substantially. Adjusted earnings reached two dollars and twenty-two cents per share, exceeding analyst expectations significantly. Net income climbed to fifty-nine point six nine billion dollars, more than double last year’s twenty-six point four two billion dollars. These results signal continued robust spending on AI infrastructure by technology companies operating massive data centres globally. Nvidia forecast…
Author: Industry Odisha
Industry Odisha Bureau, Aug 26: Odisha approved major renewable energy projects via 18th Single Window Committee meeting. State accelerates 10 GW clean energy target by 2030. Multiple investment proposals received government green light. Grid infrastructure and sustainability drive initiative forward. KEY DEVELOPMENTS Projects Cleared 18th Single Window Committee greenlit multiple renewable energy proposals. Solar, wind, and hybrid projects received rapid clearance. State continues attracting private and public developers. Clean energy capacity expansion accelerates across Odisha. Policy Framework Odisha Renewable Energy Policy 2022 guides state’s clean energy roadmap. Policy targets 10 GW renewable power generation by 2030. Government aims for net-zero…
Industry Odisha Bureau, Aug 26: India’s transition toward developed-economy status by 2047 requires fundamental changes in workforce capacity. Current training systems remain fragmented across multiple government programmes and ministries. Niti Aayog has proposed restructuring India’s entire skilling architecture into an integrated framework. The blueprint aims to connect education, training and employment from early schooling onward. The proposed system introduces general employability skills beginning in Grade 6. Structured vocational pathways would begin at Grade 9 onwards. Currently, fewer than one in twelve secondary schools offer vocational subjects. This represents a significant gap in early workforce exposure and career guidance. The government…
Industry Odisha Bureau, Aug 26: India’s economic growth likely slowed sharply in the April-June quarter. A (Source:-Mint poll) of 21 economists projects 7.4% GDP growth. This would mark the slowest expansion in four consecutive quarters. The West Asia war and higher inflation weighed on activity. Yet domestic demand proved surprisingly resilient during disruptions. Economists forecast growth between 6.8% and 8.0% for Q1. All but one predicted slower growth than the previous quarter. The official GDP estimate arrives on August 31. Economist projections exceed the Reserve Bank’s latest 7.0% estimate. This suggests underlying economic resilience despite external headwinds. Industrial output remained…
Bhubaneswar, Aug 26: Odisha showcased its potential as a competitive destination for chemicals, petrochemicals and allied investments at the Global CEO Roundtable on India’s Chemicals Sector: Charting the Path to USD 1 Trillion by 2040, held at Bharat Mandapam in New Delhi. Convened by the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, in partnership with Invest India, the roundtable was chaired by Union Minister of Health and Family Welfare and Chemicals and Fertilizers, J P Nadda in the presence of MoS Anupriya Patel. The mega event saw a participation of CXO level delegates from more than 30…
Industry Odisha Bureau, Aug 26: The Unemployment Rate (UR) among persons of age 15 years and above in Odisha has decreased from 5.1 percent in 2022 to 2.9 percent in 2025, according to Periodic Labour Force Survey (PLFS) data The estimated Worker Population Ratio (WPR) indicating employment on usual status for persons of age 15 years and above in the State has increased from 55.1 percent in 2022 to 61.3 percent in 2025, the report said. Notably, official estimates of employment and unemployment in India are derived from the Periodic Labour Force Survey (PLFS), conducted by the Ministry of Statistics…
Industry Odisha Bureau, Aug 26: India’s trade deficit problem extends far beyond crude oil imports now. The non-petroleum trade deficit has become substantially larger than petroleum. This structural shift reveals deeper vulnerabilities across manufacturing and electronics. India recorded a $334 billion trade deficit in 2025-26. Petroleum products accounted for $120 billion. Non-petroleum products contributed $214 billion nearly double the energy deficit. Since 2022-23, the non-petroleum deficit has consistently exceeded petroleum by 1.4 to 1.8 times. This indicates a fundamental change in India’s import composition. Electronics recorded a $69 billion trade deficit alone. This represented 20 percent of India’s total trade…
Bhubaneswar, Aug 26: Haldiram’s, India’s leading snacks manufacturer, today announced major expansion plans. The company will invest ₹1000 crore in Odisha. This investment marks significant growth for Haldiram’s in eastern India. The project will boost manufacturing capacity substantially. Odisha offers excellent logistics and workforce advantages. This investment demonstrates Haldiram’s confidence in state infrastructure. The investment project encompasses multiple facilities across Odisha. Haldiram’s will establish advanced food processing units. State of the art technology will power manufacturing operations here. The company aims sustainable production methods throughout facilities. This expansion targets both domestic and export markets. Haldiram’s Odisha operations will employ thousands…
Industry Odisha Bureau, Aug 26: With significant revenue growth and focus on Artificial Intelligence (AI) and automation, mid-tier/mid-size Indian Information and Technology (IT) firms are reportedly claimed to be outpacing their larger counterparts/rivals in the BFSI revenue growth. As per media reports, “The shift in the IT landscape is driven by mid-sized firms’ ability to capitalize on opportunities amid industry headwinds by embracing advanced AI solutions and industry specific platforms.” Citing instances, media reports have stated that, “Indian multinational IT companies like Noida-based Coforge Limited and Pune-based Persistent Systems Limited have witnessed their revenue from the BSFI segment more than…
Industry Odisha Bureau, Aug 26: California’s Mountain View-headquartered American financial technology company Intuit’s annual forecast reportedly indicates a cautious outlook for the company for the fiscal year 2026-27 (FY27). As per international media reports, “Intuit, the financial technology company that develops financial software and services including TurboTax and Quickbooks, is forecasting its revenue growth for FY27 between $23.28 billion to $23.51 billion, representing a 9% to 10% growth compared to the previous year.” It has further been reported that, “Intuit expects earnings per share (EPS) to grow in the rnage of $22.88 to $23.12 on an adjusted basis, while the…