Industry Odisha Bureau, Oct 28: Cyclone Arnab, a very severe cyclonic storm, has made landfall in Andhra Pradesh. The system crossed the coast between 2 am and 8 am IST. Its centre hit land southwest of Yanam, at 16.45°N latitude and 81.90°E longitude. The eye passed over the coastal belt about 20 km east-northeast of Narsapur. It lay roughly 40 km southwest of Yanam and 60 km southwest of Kakinada. Sustained winds of 125 to 135 kmph accompanied the crossing. Gusts touched 150 kmph at their peak. The storm’s core has now moved fully inland, ending the landfall phase. Arnab…
Author: Industry Odisha
Industry Odisha Bureau, Oct 28: The Supreme Court has expressed concern over steep medicine prices paid by patients in India. A bench of Justices Vikram Nath and Sandeep Mehta questioned the government’s role on Tuesday. It asked why medicines reach buyers far above what retailers pay for them. The judges said the system appeared to favour drug manufacturers over helpless patients, ET reported. At the centre are reported discrepancies of 300–400% between retailer purchase prices and MRP. The bench sought justification for these gaps and asked who benefits. It said the government had failed to answer despite repeated questions. These…
Industry Odisha Bureau, Oct 28: India’s crude oil import basket has topped $120 a barrel amid the West Asia war. The basket averaged $120.46 a barrel through October 26, The Hindu BusinessLine reported. That is the highest monthly average in 14 years, since March 2012’s $123.61. On October 26 alone, the basket price touched $123.72. The October figure is a month-to-date average, not a completed monthly number. It compares with $116.77 in September, a rise of about 3.2%. Against August’s $90.19, the jump is roughly 33.6%. The single-day $123.72 quote is not directly comparable with monthly averages. The West Asia…
Industry Odisha Bureau, Oct 28: Several widely used cancer drugs will get much cheaper from November 9. The National Pharmaceutical Pricing Authority (NPPA) has released revised prices for 543 anti-cancer brands. Yet the price cut leaves some of the costliest brands untouched, Economic Times reported. These include top-selling patented therapies used in advanced cancer care. Generic medicines see the steepest reductions. A pack of sunitinib capsules falls to ₹285.69 from ₹889, nearly 68% lower. A 30-tablet pack of olaparib drops to ₹2,695 from ₹15,398. Palbociclib 100 mg, in a 21-capsule pack, falls to ₹2,068 from ₹24,505. That is less than…
Industry Odisha Bureau, Oct 28: Cipla has partnered with China’s Qilu Pharmaceutical to commercialise a Keytruda biosimilar in the US. Keytruda, or pembrolizumab, is a blockbuster cancer treatment made by Merck. The innovator is known as MSD in India. It earns Merck over $30 billion a year, Economic Times reported. Cipla now wants to be among the first biosimilar makers to launch. Achin Gupta, Cipla’s managing director and global CEO, said it expects a first-wave launch. He said the company aims to capture a significant market share. Still, this is management’s ambition, not a confirmed approval or launch date. Pembrolizumab…
Industry Odisha Bureau, Oct 28: Gold has fallen sharply, yet India’s biggest jewellers are still holding back. Large chains are delaying purchases ahead of the festive season, Bloomberg reported. They are betting that the price drop has further to run. The caution reflects inventory strategy, not necessarily a collapse in consumer demand. The insight comes from Samit Guha, chief executive of MMTC-PAMP India. The refiner is a joint venture of state-owned MMTC Ltd and Swiss refinery PAMP SA. Guha said big chains, which drive most sales, have not fully returned. Small and mid-sized jewellers are leading buying instead, some placing…
Industry Odisha Bureau, Oct 28: Indian Railways will soon launch a door-to-door parcel service across eight major cities. The plan follows what the report describes as a successful pilot run. Customers will book through the Rail Parcel App, branded Ghar se Ghar Tak. The service will start in Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Hyderabad, Bengaluru and Pune. The move marks a shift from the railways’ traditional station-based parcel business. Today, customers usually carry consignments to counters and complete paperwork. The new model aims to bring that process to their doorstep. These eight cities are major trade, industrial and consumption hubs.…
Industry Odisha Bureau, Oct 28: The Supreme Court has sought the Centre’s response to a challenge to India’s data law. The petition, filed by the Digital News Publishers Association (DNPA), targets key DPDP Act provisions. It also questions parts of the DPDP Rules, 2025. The court issued notice on October 27 but declined an immediate stay. Chief Justice Surya Kant led the bench, with Justices Joymalya Bagchi and V Mohana. It sought replies from the Ministry of Law and Justice and MeitY. Notice was also issued on the stay plea, returnable on November 17. Issuing notice is a routine procedural…
Industry Odisha Bureau, Oct 28: New-age consumer brands are winning real shelf space in India’s kirana market. They now hold 21.7% of the measured market, up from 14.8% a year earlier. Legacy fast-moving consumer goods companies saw their share slip to 78.3% from 85.2%. Retail intelligence platform Bizom, which tracks 10 million kiranas, shared the data with Economic Times. The gain equals 6.9 percentage points, comparing the first halves of FY26 and FY27. That is not the same as a 6.9% rise. Legacy players still control nearly four-fifths of this channel. Yet the shift matters because kiranas remain the backbone…
Industry Odisha Bureau, Oct 28: Tata Electronics is closing in on ₹1 lakh crore in annual export revenue. The milestone confirms its rising weight in the Apple supply chain. Yet the same filings reveal a sharply wider loss and heavy import reliance. Three Tata entities reported combined exports of ₹99,128 crore in FY26. The figures come from Registrar of Companies filings, as reported by Economic Times. That compares with ₹76,953 crore in FY25, a reported rise of about 29%. The group includes Tata Electronics and Tata Electronics System Solutions, the former Wistron unit. The third is Tata Electronics Products and…