Industry Odisha News, Aug 24: Deemed to have revolutionized India’s tyre industry with radial technology and already a champion in global business as well as motorsport development, New Delhi-based JK Tyre & Industries Ltd is reportedly on its acquisition spree with its Rs 6,000 crore investment plan ready for over the next three years, even after its three successful acquisitions of struggling firms over the past three decades. As per media reports, “The JK Tyre & Industries Ltd’s experience of acquisition of BK Birla Group tyre business under Cavendish Industries, Tornel Mexico’s two plants, and Mysore-based Karnataka state-owned Vikrant Tyres…
Author: Industry Odisha
Industry Odisha Bureau, Aug 24: In a bid to enhance its existing electric vehicle (EV) charger capacity for e-buses and e-trucks, Gulf Oil Lubricants India Limited (GOLIL) is reportedly planning to invest Rs 50 crore. The investment in its new plant at Ahmedabad-based EV charger manufacturing plant could produce 3,000 DC fast chargers instead of its currently produced 1,800 ones. As per media reports, “GOLIL has made this plan of expansion owing to the growing demand for e-buses and e-trucks in the Indian market these days, while the strategic expansion is going to be executed through the Tirex Transmission Pvt…
Industry Odisha Bureau, Aug 24: Iran warned on Monday it could halt all oil exports through the Strait entirely. The threat emerged hours before US Treasury announced tougher economic sanctions against Tehran. Iran’s Supreme National Security Council secretary Mohsen Rezaei issued the stark warning publicly. He said continued US economic pressure could result in zero Persian Gulf shipments. Rezaei extended Tehran’s warning to include all nations supporting Washington’s economic campaign directly. He warned that countries participating in the campaign could face Iranian retaliation. The language significantly escalates the stakes beyond simple bilateral US-Iran economic confrontation. Iran appears prepared to weaponise…
Industry Odisha Bureau, Aug 24: Iran threatened Monday to halt oil exports through the Strait of Hormuz. The warning came hours before Washington unveiled what it termed economic D-Day. Iran’s Supreme National Security Council secretary Mohsen Rezaei issued the threat via social media. He said continued US economic pressure could result in zero Persian Gulf oil exports. Tehran extended its warning to include all nations supporting Washington’s economic campaign against Iran. Rezaei warned that countries participating in this campaign could face Iranian retaliation directly. The language significantly raises the political cost for third-country trading partners operating regionally. Iran appears willing…
Industry odisha Bureau, Aug 24: India’s organised jewellers are expanding cash-for-gold programmes amid elevated gold prices. High prices constrain fresh jewellery demand and pressure retailer margins substantially. Kalyan Jewellers, Titan, and Joyalukas have launched or expanded cash-for-gold since June. The programmes allow customers to exchange old jewellery for immediate cash payments. This differs from traditional exchange schemes where old gold buys new jewellery. Organised retailers are entering a market historically dominated by smaller regional players. The strategy reflects efforts to access India’s substantial pool of household-held gold. Kalyan said its cash-for-gold share rose to double digits from single. The company…
Industry Odisha Bureau, Aug 24: India is shifting approach toward regulating minor textile trade violations through administrative action. The Centre has proposed replacing criminal prosecution and imprisonment with warnings and monetary penalties. The draft Textiles Committee (Adjudication of Penalties and Appeal) Rules, 2026 establishes this new regulatory framework. The proposal forms part of India’s broader effort to improve ease of doing business. Stakeholders have been given thirty days to submit objections and suggestions regarding proposed rules. The regulatory change specifically targets violations of government orders prohibiting prohibited textile exports. Prohibited orders concerning specified textile machinery sales would also fall under…
Industry Odisha Bureau, Aug 24: India’s renewable energy sector received targeted relief from supply-chain disruptions linked to geopolitical conflict. Projects scheduled for commissioning on or after 28 February can now access four-month commissioning extensions. The Indian Pharmacopoeia Commission has framed this to shield developers from contractual penalties entirely. Potential penalties include encashment of bank guarantees, daily extension fees, and tariff reductions substantially. The Ministry of New and Renewable Energy issued this advisory on 21 August. The measure reflects recognition that external disruptions can undermine renewable energy project economics critically. The West Asia war that began on 28 February has created…
Industry Odisha Bureau, Aug 23: The Indian coast guard and Indian Navy have rescued two crew members of the Panama-flagged cargo ship, which sank in the Bay of Bengal, around 240 nautical miles off the Odisha coast on Saturday. The Indian Coast Guard and the Eastern Naval Command have intensified search and rescue operations after a Panama-flagged bulk carrier, carrying 24 crew members, sank in the Bay of Bengal. The MV Ocean Winner, carrying 20 Chinese, three Myanmarese and one Bangladeshi” on board, sank on Saturday, they said. Two crew members were rescued, informed Union Shipping Minister Sarbananda Sonowal. “Deeply…
Industry Odisha Bureau, Aug 23: India’s semiconductor ecosystem has moved decisively beyond policy announcements into actual chip production. Homegrown fabless startups are now designing chips and producing silicon through international foundries. However, converting those silicon achievements into commercially viable orders from equipment manufacturers remains substantially harder. Foreign intellectual property, electronic design automation software and foundry relationships still constrain Indian startups significantly. The larger challenge facing India’s semiconductor ambitions is no longer purely technological; it is commercial viability. Mindgrove Technologies in Chennai represents the progress visible within India’s semiconductor sector currently. The startup developed a dedicated vision system-on-chip for security hardware…
Industry Odisha Bureau, Aug 23: India’s space economy is undergoing substantial transformation from a primarily government-led sector. The $9 billion ecosystem is now targeting expansion toward approximately $40–45 billion within a decade. Private investment has grown six-fold over four years alongside emerging space-technology startups nationally. ISRO remains central to India’s ambitions while commercialisation reshapes the industry fundamentally. The government has unveiled a comprehensive 2035 roadmap combining human spaceflight with orbital infrastructure. National Space Day celebrations mark three years since Chandrayaan-3’s historic lunar south-pole landing. India’s space-sector transformation accelerated significantly after 2020 when the government liberalised private participation formally. The establishment…