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…
Author: Industry Odisha
Industry Odisha Bureau, Aug 24: Iranian Currency drops past 2 million per dollar on informal markets as Trump administration prepares fresh coordinated sanctions and dollar surpasses 200,000 tomans for first time. The Iranian rial collapsed to a record low on Monday, with the currency trading at more than 2 million per US dollar on informal markets a level that reflects intensifying pressure from sanctions, double-digit inflation and the ongoing military conflict involving Iran, Israel and the United States. The rial’s decline accelerated sharply in recent days, falling more than 7 per cent in under a week, while the official central-bank…
Amstelveen, Aug 24 : India’s hopes of reaching the semi-finals of the FIH Hockey World Cup 2026 ended with a 3-5 defeat against Argentina in their concluding Pool E match at the Wagener Stadium in Amstelveen on Monday. Argentina raced into a 2-0 lead inside the opening six minutes through Joaquin Toscani and Nicolas della Torre, before Sukhjeet Singh pulled one back for India in the 10th minute. Tomas Domene restored Argentina’s two-goal cushion in the third quarter and added another from a penalty stroke before Lucas Toscani made it 5-1. Sukhjeet scored his second late in the fourth quarter,…
Industry Odisha Bureau, Aug 24: Combined exposure to lead and amyloid-beta causes substantially greater disruption to cellular waste-clearing systems than either factor alone, researchers find. Researchers at the ICMR-National Institute of Nutrition (ICMR-NIN) in Hyderabad have identified a cellular mechanism through which environmental lead exposure may intensify the stress on nerve cells associated with amyloid-beta, a protein fragment implicated in Alzheimer’s disease. The study, conducted in laboratory conditions using human neuronal cells, offers new insight into how environmental and biological factors may interact to influence neuronal health. The findings demonstrate that when lead and amyloid-beta are present together, they cause…
Odisha’s thriving metals ecosystem has received significant momentum through fresh approvals. The 149th SLSWCA meeting delivered transformative policy decisions for steel manufacturing. Ferro alloys sector approvals mark a pivotal turning point for industrial growth. Multiple clearances will accelerate capacity expansion across iron and steel production units. Key Developments and Strategic Approvals The regulatory framework amendments address longstanding operational challenges in ferro alloys production. State authorities approved enhanced environmental compliance standards for steel manufacturing facilities. Fresh certifications enable manufacturers to scale operations and adopt modern technologies. Iron ore mining permits have been streamlined for faster project commissioning. The steel sector will…
Industry Odisha Bureau, Aug 24: Meet Aakash Bhardwaj who did not follow the conventional route of an international shooter. His journey from a cyclist to a shooter is very interesting. He had never picked up a pistol until the age of 21. Today, the marksman from Jaipur is set to represent India in the Men’s 10m Air Pistol event at the upcoming 20th Asian Games in Aichi-Nagoya, Japan. Hailing from Niwaru Road on the outskirts of Jaipur, Aakash grew up in a modest household. His father worked long hours as a commercial driver on a monthly income of Rs 10,000.…
Bhubaneswar, Aug 24: Odisha is writing a new chapter in its industrial story. After decades built on iron ore, coal and metals, the state is now turning toward chemical manufacturing and downstream value creation. The 149th meeting of the State Level Single Window Clearance Authority (SLSWCA) signaled this transition decisively. Among 14 approved projects worth ₹2,780.10 crore that will generate 14,104 jobs across ten districts, chemical sector investments emerge as particularly strategic. Three Major Chemical Projects Reshape Geography The chemical portfolio spans ₹585 crore across three districts: Ganjam: Prasol Chemicals Limited will invest ₹450 crore in phosphorus-based derivatives manufacturing, creating…
Industry Odisha Bureau, Aug 24: India has eased restrictions on specified wheat flour products to boost market liquidity. The Directorate General of Foreign Trade announced the policy shift on August 24, 2026. Wheat flour, semolina, and related products now fall under the ‘free’ export category. This marks a significant reversal of export controls imposed during a period of acute food-security concerns in the country. The revised policy covers atta, maida, semolina, wholemeal atta and resultant atta specifically. These products have shifted from the ‘prohibited’ category to ‘free’ for export purposes. The change comes after years of tight export controls implemented…
Industry Odisha Bureau, Aug 24: Indian airfares are rising despite weakening passenger growth across the domestic aviation market. Airlines have reduced flight capacity faster than passenger demand has declined significantly overall. This supply-demand imbalance is keeping remaining aircraft highly utilized despite traffic weakness currently. Average airfares across India’s 72 domestic sectors rose approximately 20.5 percent between March 2025 and June 2026. The Directorate General of Civil Aviation cited this data in Parliament on July 27. Analysts have estimated a sharper fare increase of approximately 35 percent year-on-year overall. Current ticket prices hover around ₹7,000 to 7,500 versus ₹5,000 to 5,500…
Industry Odisha Bureau, Aug 24: Despite protectionism and geopolitical tensions worldwide, globalization is evolving rather than disappearing entirely. Trade barriers increasingly constrain merchandise flows, yet services and investment sustain global integration. Supply chains are being reorganized through diversification rather than simply being dismantled completely. This transformation reveals how economic integration operates across multiple channels beyond traditional goods trade. The KOF Globalization Index, which measures economic, social, and political integration comprehensively, reveals significant patterns. Between 2010 and 2023, global integration increased by 3.0 points according to this index. Yet the pattern masks important differences in how countries became more globally integrated…