Industry Odisha Bureau, Sep 14: Vodafone Idea is seeking a ₹35,000-crore, 10-year term loan. SBI could take about ₹7,000 crore of the exposure. The company needs roughly ₹60,000 crore overall for network upgrades. Vodafone Idea is assembling financing for its long-term capital expenditure plans. The telecom operator is seeking a ₹35,000-crore term loan. The proposed loan carries a 10-year tenure. Eight to ten lenders could eventually join the consortium. SBI Could Take ₹7,000-Crore Exposure State Bank of India has approved a proposal covering about 20% of the exposure. That would total roughly ₹7,000 crore. SBI’s internal assessment indicated approximately ₹35,000…
Author: Industry Odisha
Industry Odisha Bureau,Sep 13: Gujarat AAR has ruled Airbus’s C-295 aircraft supplies are taxable. Airbus needs GST registration in Gujarat. Tata Advanced Systems assembles the aircraft at Vadodara for the Defence Ministry. AAR Rules on Airbus C-295 Supplies Airbus will need GST registration in Gujarat, the state’s Authority for Advance Ruling has said. The ruling covers supplies of 40 aircraft to the Defence Ministry. It was pronounced on September 11. The applicant’s project office is liable to pay GST in India. Tata Advanced Systems is assembling the aircraft at Vadodara. Why Gujarat GST Registration Is Required The AAR examined the…
Industry Odisha Bureau, Sep 13: Nayara Energy exported 1.20 lakh tonnes of petrol to Russia in August. The shipment, worth $90 million, came from its Vadinar refinery. Rosneft, its part-owner, bought the fuel. Nayara Ships Petrol Worth $90 Million Rosneft-backed Nayara Energy exported roughly 1.20 lakh tonnes of petrol to Russia during August 2026. The shipment was valued at around $90 million. It originated from Nayara’s refinery at Vadinar in Gujarat. The exports came amid an unusual surge in Russian fuel imports. India Supplies Most of Russia’s Fuel Imports Moscow imported around $132 million worth of refined petroleum products last month.…
Industry Odisha Bureau, Sep 13: Xi Jinping described India and China as partners, not rivals, during his New Delhi visit. Modi kept border peace central to bilateral progress. The two leaders met alongside the BRICS Summit. Xi Pushes India-China Partnership Chinese President Xi Jinping visited New Delhi during September 12-13, 2026. His trip coincided with the BRICS Summit. Xi said China and India are “partners rather than rivals, and development opportunities rather than threats to each other.” He called this a strategic judgment reflecting both nations’ interests. Xi urged greater economic cooperation between the two countries. He also linked closer…
Industry Odisha Bureau, Sep 13: India’s semiconductor sector has raised $1.4 billion in equity funding. Nearly half arrived since 2025, led by Bengaluru. SEMICON India 2026 begins September 17 in New Delhi. Funding Accelerates Sharply India’s semiconductor ecosystem has attracted $1.4 billion in all-time equity funding. This spans 281 funded companies, per Tracxn data. Nearly $701 million arrived since 2025 alone. That is roughly half the cumulative total. The findings come days before SEMICON India 2026. The event runs September 17–19 at Yashobhoomi. Funding rose from $49 million in 2021. It reached $473 million during 2025. Another $228 million came…
Industry Odisha Bureau, Sep 13: AI is changing how Indian technology work gets done. Work From Office job openings rose 26% annually, while remote and hybrid vacancies declined, staffing data shows. Work From Office Jobs Rise 26% September 2026 recorded 92,000 full-time WFO job openings. That marked a 26% increase from 72,000 a year earlier, according to Xpheno. The staffing firm tracked steady WFO growth over the past 12 months. Companies across India’s IT sector are seeking more office-based staff. WFH and Hybrid Jobs Decline Full-time remote openings fell 21% year-on-year. They dropped from 14,000 to 11,000, Xpheno said. Hybrid…
Industry Odisha Bureau,Sep 13: Foreign investors withdrew ₹13,138 crore from Indian equities this September. Crude oil, rising US bond yields and a firm dollar drove the reversal after two months of buying. FPI Selling Returns After July-August Buying Foreign Portfolio Investors pulled ₹13,138 crore from Indian equities through September 11. This followed net buying during July and August. FPIs invested ₹20,200 crore in July, per CDSL data. They added ₹29,630 crore in August. Before that, FPIs were net sellers from March through June. 2026 FPI Outflows Reach ₹2.37 Lakh Crore Total equity outflows in 2026 have climbed to ₹2.37 lakh…
Industry Odisha Bureau, Sep 13: India’s senior living sector could reach $10.1 billion by 2030. That expansion may need $7.7 billion in capital, an ASLI-JLL report says, as demand outpaces organised supply. India Senior Living Demand Expands India has more than 166 million people aged above 60. That population could double by 2050, according to the ASLI-JLL report. Organised senior living penetration stands at just 1.5%. The addressable market of urban, financially independent senior households numbered 1.7 million during 2026. It could reach 2.1 million households by 2030. ASLI chairman G. Rajagopal said the opportunity involves building a trusted senior…
Industry Odisha , Sep 13: India will get country-specific steel quotas worth 1.64 million tonnes yearly. Of this, 6.94 lakh tonnes falls under the India-EU FTA. The rest comes via MFN terms. India-EU FTA Creates Steel Quota Framework India will receive country-specific tariff-rate quotas totalling 16,41,470 tonnes annually. This access covers steel exports to the European Union. Of the total, 6,94,853 tonnes falls under the FTA component. Another 9,46,616 tonnes comes through the MFN component. The figures appear in the EU’s draft agreement text. India currently exports around four million tonnes of steel yearly to the EU. The quota framework…
Industry Odisha Bureau, Sep 13: Russia imported a record volume of oil products in August. India supplied 70% of these imports. Ukrainian drone strikes have disrupted Russian refining capacity, forcing unusual fuel flows, according to CREA. Russia imported a record 172,000 tonnes of oil products in August. India supplied roughly 70% of these imports, according to CREA. The surge followed sustained Ukrainian drone strikes on Russian refineries. Those strikes have disrupted domestic fuel production inside Russia. Why Russia Is Importing Fuel From India Russia has traditionally been a major refined-fuel exporter. Ukrainian drone attacks have damaged several Russian refineries this…