Industry Odisha Bureau, Aug 21: India’s private sector growth bounced back in August following July’s weakest pace. The HSBC Flash India Composite PMI Output Index is expected to rise to fifty-four point six. July’s reading stood at fifty-four point three, marking a fifty-two-month low for expansion. Services sector activity provided the strongest support for the overall private sector recovery. However, manufacturing continued its decline, raising questions about the underlying strength of growth. The August composite PMI improvement signals a modestly faster expansion compared with July’s historically weak performance. The reading remains the second-weakest expansion recorded since March twenty twenty-two overall.…
Author: Industry Odisha
Industry Odisha Bureau, Aug 21: India’s satellite launch costs exceed those of major global competitors by significant margins. A peer-reviewed economics study found India’s reported cost at $13,302 per kilogram. The United States, by comparison, was lowest at just $3,225 per kilogram. This price gap becomes more acute as India’s private space industry continues expanding. The cost differential raises questions about India’s commercial competitiveness in satellite launches. Among six major markets studied, India ranked most expensive for orbital satellite launches. European Union followed at $9,897 per kilogram, with Russia next at $6,682. China reported costs of $5,809 per kilogram, while…
Industry Odisha Bureau, Aug 21: Aiming to reportedly widen its overseas operations as well as fly non-stop from Delhi and Mumbai airports to major overseas destinations, India’s claimed to be largest low-cost airline IndiGo has reportedly placed an order for procuring 60 Airbus A350-900 aircrafts reported to be delivered from next year. As per media reports, “Soon after assuming office on August 3 this year, IndiGo’s new chief executive officer (CEO) William Willie Walsh, has batted for the induction of the Airbus A350-900 into the airline to expand overseas operations profitably over the next five years as well as capture…
Industry Odisha Bureau, Aug 21: The Panama Canal Authority formally acknowledged a critical water shortage impacting global shipping. El Niño-driven drought has reduced watershed rainfall by thirty-four percent below historical average. Starting September fourth, the canal will cap daily transits at thirty-four vessels. This represents a significant reduction from the historical average of thirty-five daily transits. Further capacity cuts to thirty-two vessels begin September fifteenth, tightening shipping corridors globally. Neopanamax locks will face severe restrictions, limited to just nine daily slots. Panamax locks will be restricted to twenty-five, then twenty-three transits daily respectively. The Panama Canal Authority delayed previously scheduled…
Industry Odisha Bureau, Aug 21: India’s domestic air passenger volume dropped 4.8% in July to 12 million travelers. The decline caught most major airlines struggling with lower seat occupancy rates significantly. However, year to date domestic air passenger traffic remained marginally higher at 0.64% growth overall. IndiGo airline carried 8.08 million passengers, down sharply from June’s 8.92 million passengers. The carrier strengthened its dominance by capturing 67.4% of the domestic airline market share. Air India Group transported 2.88 million passengers, maintaining its second position status in airline rankings. Budget carrier Akasa Air’s domestic air passenger numbers fell to 665,000 from…
Industry Odisha Bureau, Aug 21: The Department of Consumer Affairs (DoCA), a division of India’s Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD), is reportedly going to initiate a probe into the allegations against the manufacturing defects in China’s Oppo Reno5 series smartphones. Media reports, citing government sources, have stated that, “Being India’s apex consumer watchdog, the DoCA is presently examining scores of complaints lodged with the National Consumer Helpline.” Notably, “The DoCA is responsible for consumer protection, legal metrology, price monitoring, and enforcement of key laws such as the Consumer Protection Act 2019 and the Legal Metrology Act…
Industry Odisha Bureau, Aug 21: The provisional data reportedly released on Thursday by the Ministry of Commerce and Industry (MOCI) has reportedly stated that India’s nine core infrastructure sectors grew 5.4% in July this year in comparison to last year, easing from the revised 6% growth recorded in June this year. Media reports, citing the MOCI’s provisional data, have stated that, “The July growth was led by expansion of iron ore, cement and electricity to 29.5%, 13.1% and 9%, respectively, while coal output rose 7.6%, steel and refinery products grew 2.9% and 2.7% respectively. However, natural gas, crude oil and…
Industry Odisha Bureau, Aug 21: Indian consumers are increasingly purchasing premium, high-octane petrol amid lingering E20 concerns. The shift is notable because premium fuel variants also contain ethanol blending. Consumers are nonetheless paying approximately ₹110–115 per litre for branded premium petrol. Regular E20 petrol costs around ₹102 per litre by comparison. This represents a significant expense increase, yet demand continues rising sharply. Market data shows premium petrol’s sales share reached 12–15% from approximately 4% in March. The buying behaviour reveals deep consumer uncertainty regarding ethanol-blended fuels. Consumers believe higher octane ratings mitigate some perceived E20 concerns. Indian Oil’s XP95, Bharat…
Industry Odisha Bureau, Aug 21: Owing to a sharp rise in sugar prices in the recent weeks, the Government of India (GoI) has reportedly initiated a proactive step by allowing duty-free imports of one million tonnes of raw sugar till October 31 in view of the upcoming festive season even though India has currently imposed a duty of 100% on raw sugar imports. The Department of Food and Public Distribution (DFPD) under the Ministry of Consumer Affairs, Food and Public Distribution (MoCAF&PD) in its official social media platform X has reportedly posted that, “The ‘proactive step’ will immediately dispel speculation…
Industry Odisha Bureau, Aug 21: Artificial intelligence-powered productivity trackers are fundamentally changing how employers evaluate and monitor workers. Technology companies increasingly rely on sophisticated AI systems to track employee activity continuously. Other white-collar firms have also adopted these monitoring platforms to understand workforce time allocation. The systems can measure legitimate performance metrics like sales results and customer outcomes. However, they also rely on proxies such as keyboard activity and screen sleep patterns. Employees often remain unaware they are being monitored because many jurisdictions lack disclosure requirements. The expansion of workplace surveillance has accelerated well beyond the work-from-home era demands. During pandemic-era…