Bhubaneswar, Sep 13: PwC India and PwC US plan to merge their consulting operations into a jointly controlled entity with roughly 40,000 employees, giving PwC India operational authority despite holding the smaller equity stake. The move signals a broader shift in how global professional-services firms are positioning India within their networks. Standfirst PwC India and PwC US are combining consulting businesses into a single platform worth close to $2 billion at launch. PwC US will hold the larger equity stake, but PwC India will run the venture a distinction that says as much about India’s changing role in global consulting…
Author: Industry Odisha
Industry Odisha Bureau,Sep 13: A consumer commission has ordered New India Assurance to pay Victorinox India ₹8.06 crore. The insurer had repudiated a 2019 fire insurance claim. The panel called the rejection legally unsustainable. A Mumbai consumer commission has ordered a major payout. New India Assurance must pay Victorinox India ₹8.06 crore. The dispute stems from a 2019 warehouse fire. The insurer had repudiated the fire insurance claim. Victorinox Fire Claim Reaches Consumer Commission A fire broke out at Victorinox India’s warehouse in 2019. The blaze struck on February 16 at a customs bonded warehouse. Warehouse staff first attempted to…
Industry Odisha Bureau, Sep 13: Indian Bank plans to enter life insurance and asset management. Board approval is being sought for both ventures. The lender is also planning a Dubai representative office. Indian Bank plans to enter life insurance and asset management. MD and CEO Binod Kumar said both plans remain on track. The lender will seek board approval for the ventures. Regulatory and administrative processes would follow approval. Indian Bank Eyes Life Insurance and Asset Management Kumar said the entry plans are progressing as scheduled. Indian Bank is seeking board approval for new subsidiaries. Joint ventures are also being…
Industry Odisha Bureau, Sep 13: Indian Railways plans AI-enabled CCTV in East Central Railway pantry cars. The system will also cover base kitchens. Officials say it will strengthen food hygiene oversight and accountability. Indian Railways plans AI-enabled CCTV surveillance for railway catering operations. The initiative covers pantry cars and base kitchens under East Central Railway. It aims to strengthen food quality and hygiene oversight. Officials will monitor preparation, packaging and supply processes. AI CCTV Targets Train Food Hygiene Cameras will provide round-the-clock surveillance of catering activities. The system targets food preparation, packaging and supply. It could help identify cleanliness and…
Industry Odisha Bureau, Sep 13: India could theoretically produce 62 MMT of compressed biogas yearly. Animal waste offers the largest share, at 41%. Collection challenges could limit how much is achievable, per Equirus. India has an estimated 472 MMT of annual CBG feedstock potential. This could theoretically yield around 62 MMT of compressed biogas, according to Equirus. Animal waste alone represents nearly 41% of this potential. How Large Is India’s CBG Opportunity? Equirus estimates India’s feedstock base spans several waste streams. These include animal waste, crop residues and municipal solid waste. Sewage biomass and sugar-mill press mud add further potential.…
Industry Odisha Bureau, Sep 13: Orkla India has backed FSSAI’s proposed front-of-pack labelling norms for packaged food. Managing Director and CEO Sanjay Sharma said consumers deserve clear nutritional information. He linked this demand to rising consumer awareness. The broader packaged food industry supports FSSAI’s objective, Sharma said. Yet the debate over format and implementation continues. FSSAI Labelling Proposal Gains Industry Support Sharma said the industry is aligned with FSSAI’s intent. The regulator wants consumers to make informed choices. Awareness levels among Indian consumers are rising steadily. Sharma said the industry fully supports this direction. He is also engaged with CII…
Industry Odisha Bureau, Sep 13: Prime Minister Narendra Modi has cautioned against the weaponisation of technology and critical minerals. He spoke at the BRICS Summit 2026 in New Delhi. Modi said such practices could hinder shared economic progress. He called for greater inclusivity in technology adoption. His remarks place critical minerals firmly on the BRICS agenda. Critical Minerals Move Up the BRICS Agenda Critical minerals have become central to global manufacturing and clean energy. China has periodically restricted exports of these minerals and related technologies. These restrictions have raised concerns about supply-chain vulnerabilities. They have also stirred worries about economic…
Industry Odisha Bureau,Sep 13: Jindal Steel has earned Guinness World Records recognition. The honour covers the world’s longest road built using processed steel slag aggregates. The project sits at Raigarh in Chhattisgarh. It stretches 1.85 kilometres across four lanes. The achievement points to a bigger industrial question. India’s steel sector is generating growing volumes of by-product material. Jindal Steel Uses 2 Lakh Tonnes of Slag Jindal Steel built the road with CSIR-Central Road Research Institute. Around 2 lakh tonnes of processed steel slag went into construction. The road relied exclusively on these processed aggregates. No natural aggregates were used in…
Industry Odisha Bureau, Sep 13: Copper prices have climbed above $14,000 a tonne. The metal touched a record $14,858 before easing. It ended the weekend near $14,240. Indian manufacturers now face mounting input-cost pressure. Electric vehicles and home appliances sit among the most exposed categories. Copper Surge Hits Indian Manufacturing The rally partly reflected fears of higher US copper tariffs. Prices retreated after reports Washington was reconsidering those plans. US officials reportedly worried tariffs could raise domestic copper costs further. Indian manufacturers across autos, electronics, construction and agriculture now face a similar choice. They can absorb costs, substitute materials or…
Industry Odisha Bureau, September 13: India’s Ayush market has surged past $43 billion, but experts say Ayurveda’s global future depends on evidence, standards and medical value travel, not heritage alone. Ayurveda’s push for global relevance is entering a new phase. India already has deep domestic familiarity with Ayush systems. But international acceptance increasingly hinges on something else: credible scientific evidence. Ayush Market Reaches $43.4 Billion The numbers tell a striking growth story. India’s Ayush market expanded from $2.85 billion in 2014 to $43.4 billion in 2023. Ayush exports rose too, from $1.09 billion to $2.16 billion over the same period.…