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…
Author: Industry Odisha
Bangladesh’s Shoriful Islam produced career-best Test figures of 7/48 to dismantle Australia’s batting order decisively. Australia were eventually dismissed for 210, but retained a significant 146-run first-innings lead overall. Nathan Lyon remained unbeaten on 32 from 64 deliveries as Australia’s innings concluded eventually. Mitchell Starc immediately responded during Bangladesh’s second innings with two early wickets aggressively. Bangladesh reached 39/3 at lunch before stumps, still trailing Australia substantially on the board. Shoriful dominated Australia’s second-day batting with repeated breakthroughs across the middle and lower order. Cameron Green’s 67 represented the strongest resistance before Shoriful claimed his career-defining breakthrough performance. Taijul Islam…
Industry Odisha Bureau, Aug 23: Levi Strauss & Co. is broadening its India business beyond its traditional denim foundation substantially. The California-based apparel maker sees significant opportunities in women’s apparel and non-denim categories. Premium products are emerging as a distinct growth driver across the Indian market landscape. Revenue at Levi Strauss India increased 20.6% to ₹2,223.4 crore in fiscal 2025. Net profit grew 26.9% to ₹202.3 crore, demonstrating operational strength amid broader consumer pressures. The company entered India in 1995 when jeans represented a largely nascent category domestically. Three decades later, the Indian jeans market is estimated at ₹32,900 crore…
Industry Odisha Bureau, Aug 23: India’s parliamentary standing committee is renewing efforts to create a distinct classification for nano businesses within the broader MSME framework. The Rajya Sabha committee argues that the existing micro-enterprise category is too broad and fails to distinguish between subsistence-level household operations and larger micro enterprises. The committee wants the government to establish a separate category with a financial threshold around ten lakh rupees. This proposed classification would allow policymakers to target credit, subsidies and procurement support more effectively toward the country’s smallest business operators. The debate fundamentally concerns how best to support India’s self-employed workers…
Industry Odisha Bureau, Aug 23: The global gaming industry is experiencing a significant slowdown after unprecedented pandemic-driven expansion. Electronic Arts completed its $55 billion deal to go private with Saudi Arabia’s Public Investment Fund. Microsoft announced severe cost cuts affecting approximately 3,200 Xbox staff members and studio divestitures. Ubisoft closed multiple studios and pushed significant game releases further into the future calendar. These developments signal that gaming companies are shifting from aggressive expansion toward disciplined profitability. Rising hardware costs and investor pressure are forcing major publishers to reshape fundamental business approaches. The gaming industry experienced exceptional growth during pandemic lockdowns…
Industry Odisha Bureau, Aug 23: The central government is tightening regulations governing arbitration fees in highway construction disputes. The move forms part of a broader effort to control NHAI’s mounting debt burden. National Highways Authority of India currently faces approximately ₹1.17 trillion in pending arbitration claims. The road transport ministry has mandated stricter fee caps and introduced tiered payment structures. NHAI’s debt stood at ₹2.16 trillion as of January, down from ₹3.5 trillion in FY22. The government aims to reduce debt to ₹1.5 trillion in FY27 and become debt-free by 2030. The pending construction claims represent a substantial financial challenge…
Industry Odisha Bureau, Aug 23: Jose Mourinho began his second Real Madrid spell with a hard-fought victory against Espanyol on Saturday. The Portuguese manager’s return to La Liga, after an absence of thirteen years, was ultimately rewarded through a ninety-minute goal. Substitute Carlos Espi capitalised on a loose ball inside Espanyol’s penalty area to secure the three points. The result proved decisive, though the performance exposed areas requiring significant tactical refinement for Madrid’s new leadership. Jude Bellingham opened the scoring early in proceedings, heading home a dangerous crossed free-kick delivery. Arda Guler had provided the initial dangerous service from set-piece…
Industry Odisha Bureau, Aug 23: A Panama-flagged cargo vessel carrying iron ore has sunk in the Bay of Bengal. The incident occurred approximately 240 nautical miles from India’s eastern coastline in Odisha. The Indian Coast Guard activated a major search and rescue operation immediately afterwards. The vessel, MV Ocean Winner, was carrying 24 crew members when communication ceased abruptly. The cargo ship departed Paradip Port at approximately 10:30 p.m. on August 20. It was transporting roughly 1,700 tonnes of iron ore fines toward Singapore at the time. The vessel’s last reported position placed it around 200 nautical miles from Paradip…
Industry Odisha Bureau, Aug 23: While the consultations with the central government employees, pensioners and other stakeholders from across the country are underway by the ‘8th Central Pay Commission (CPC)’ constituted in November 2025, financial experts are reportedly expecting that a relatively high multiplier ‘2.0 fitment factor’ could double the basic pay of the central government employees, but might not double their gross salary. Citing opinions and contentions of the financial experts, media reports have stated that, “Even though the ‘8th CPC’ has not yet formally announced a fitment factor, a relatively high multiplier ‘2.0 fitment factor’ is being said…
Industry Odisha Bureau, Aug 23: Since the introduction of the scheme named Foreign Currency Non-Resident (Bank), in short FCNR(B), by the a (RBI) a few months ago this year in a bid to encourage foreign currency inflows to mitigate the mounting pressure on Indian currency -‘Rupee (INR)’, the RBI data has revealed that the country has reportedly mobilised forex inflows to a tune of $72.85 billion, while the FCNR(B) deposits have reportedly been $65.397 billion as of August 21. Media reports stated that, “Such am overwhelming development has taken place when the RBI’s amibitious FCNR(B) scheme’s deadline has officially been…