Industry Odisha Bureau, Aug 25: Coal India Limited has established a wholly-owned subsidiary in Singapore named CIL Global Pte Ltd. The entity will explore, acquire and manage overseas critical mineral assets globally. Lithium and cobalt represent strategic priorities for the new international acquisition platform substantially. This marks India’s largest coal producer pivoting toward energy-transition commodity supply chains decisively. Lithium and cobalt are essential materials for batteries, renewable energy systems and defence technologies. Securing reliable access to these commodities strengthens India’s critical mineral supply chain resilience significantly. The Singapore subsidiary provides Coal India with structural flexibility to pursue international mineral opportunities…
Author: Industry Odisha
Industry Odisha Bureau, Aug 25: The US Department of Homeland Security has proposed raising H-1B visa fees to $103,265 substantially. The proposal revives a levy previously struck down by courts last year decisively. The regulation also targets the F-1 Optional Practical Training programme as part of a broader overhaul. Indian nationals face particular exposure as they comprise over seventy percent of beneficiaries significantly. The Department has additionally proposed eliminating the sixty-day grace period available to H-1B workers currently. If finalised, workers and dependents would have to leave the United States almost immediately. Previously, professionals losing employment could spend two months…
Industry odisha Bureau, Aug 25: IIT Kanpur alumnus and IndiGo co-founder Rakesh Gangwal has committed an additional ₹300 crore. The funds will support development of the Gangwal School of Medical Sciences and Technology. Gangwal previously donated ₹100 crore in 2022, which supported initial institutional planning efforts substantially. Under this latest commitment, Gangwal will provide matching grants of up to ₹300 crore. These matching funds will leverage contributions from other donors to support School development efforts. The contribution demonstrates sustained confidence in the medical institution’s strategic vision and long-term mission. The project envisages a 500-bed super-speciality hospital on the IIT Kanpur…
Industry Odisha Bureau, Aug 25: The United Forum of Bank Unions representing nine separate unions has announced strike action. The nationwide strike will begin on September 11, focusing on multiple unresolved demands significantly. Five-day banking implementation, performance-linked incentive disputes and pension issues form the union’s core complaints. If the strike materialises, public-sector banking services could face significant operational disruption widely. September 11 falls on a Friday, followed by two consecutive days of bank holidays. This timing creates the potential for four consecutive days of service disruption in several states. The central demand involves implementing the five-day banking week proposal agreed…
Industry Odisha Bureau, Aug 25: India lifted its wheat export ban on August 24, 2026, effective immediately. The government’s decision prioritises supporting farmer incomes amid depressed domestic wheat prices. According to Food Secretary Sanjeev Chopra, weak domestic prices harm farmer returns significantly. Allowing wheat exports could provide farmers with additional market outlets for surplus production. The government expects stronger domestic prices may encourage adequate rabi season sowing incentives. The export-policy shift represents a significant reversal from India’s restrictive stance implemented in 2022. India had banned wheat exports in May 2022 to control domestic price inflation. The Directorate General of Foreign…
Industry Odisha Bureau, Aug 25: Rishabh Pant has established himself as India’s most prolific six-hitter in Test cricket, striking 102 sixes across just 52 matches a rate that underscores the wicketkeeper-batter’s aggressive approach to the longest format. The ranking of India’s leading six-makers reveals a lineage of attacking intent spanning multiple generations and playing roles. Virender Sehwag, renowned for his destructive batting as an opener, sits second with 91 sixes in 104 Tests. Rohitmos Sharma, who has accumulated 4,301 runs at an average of 40.57 across 67 matches, follows with 88 sixes. World No. 1 Test all-rounder Ravindra Jadeja occupies…
Industry Odisha Bureau, Aug 25: Xabi Alonso’s Chelsea tenure began with an exhilarating attacking display, yet one shadowed by defensive fragility. The new manager’s side swept to a 3-2 victory at neighbouring Fulham on Monday evening in a Premier League clash that announced both the promise and the vulnerabilities of his new project. Chelsea’s attacking trident of Joao Pedro, Morgan Rogers and Cole Palmer all scored as the visitors came from behind to secure three points, but Fulham’s ability to breach the Chelsea defence twice suggested that defensive solidity remains a work in progress under Alonso’s watch. An Almost Perfect…
Industry Odisha Bureau, Aug 25: India’s sugar market has undergone a stunning reversal. Twelve months ago, policymakers and industry officials expected ample supplies to support both domestic consumption and a significant export programme. Today, prices have climbed to historic highs, the government has suspended exports, tightened stockholding limits and opened imports for the first time in nearly a decade all to manage what has become an acute supply shortage as the festive season begins. Retail sugar prices in major urban centres have surged roughly 40% in a fortnight, touching ₹7,100 per 100 kilograms at some mills highs never recorded in…
Industry Odisha Bureau, Aug 25: State-run banks and financial institutions have proposed changes to India’s priority sector lending framework that would create specific financing categories for electric vehicles, charging infrastructure and climate-transition projects, potentially expanding institutional credit to sectors central to the country’s energy transition. The proposals, discussed at a two-day public sector bank confluence in New Delhi and reviewed by Mint, would introduce lending limits of up to ₹2 lakh for electric two-wheelers and ₹20 lakh for electric four-wheelers purchased for personal use. They also propose limits of ₹25 crore for charging and battery-swapping infrastructure and ₹50 crore for…
Industry Odisha, Aug 24: State-owned power financier REC will issue less than Rs 500 crore of securities on distributed ledger technology, integrating the digital rupee for settlement. India is poised to issue its first tokenised corporate bond next month, according to media reports, positioning the country among an emerging group of markets experimenting with blockchain-based securities issuance and settlement infrastructure. The pilot programme will see REC Limited, the state-owned renewable energy financing company, issue tokenised bonds worth less than Rs 500 crore. According to Reuters, citing three sources with direct knowledge of the initiative, the offering is restricted to a…