Industry Odisha Bureau, Aug 17: Odisha is all set to solidify its status as a global sports powerhouse as the iconic Kalinga Stadium hosts the landmark World Athletics Continental Tour Silver Meet on August 22. Organized by the Sports and Youth Services Department of Odisha, in collaboration with the Athletics Federation of India and under the aegis of World Athletics, this prestigious single-day event elevates the tournament from its successful Bronze-level status last year. The meet serves as a vital stepping stone and precursor to the upcoming World Athletics Indoor Championships and Asian Indoor Athletics Championships scheduled to be hosted…
Author: Industry Odisha
Industry Odisha Bureau, Aug 17: Financial analysts as well as experts in money matters have reportedly found out that the private banks in India delivered stronger profit growth, faster deposit expansion, and cleaner balance sheets than the public sector undertaking (PSU) banks, driven by better funding mix, margins, and asset quality in the first quarter (Q1) of the ongoing fiscal year 2026-27 (FY27). Media reports, citing the findings of the financial analysts and experts in money matters on the ‘Profit Performance’, have stated that, “Private sector banks posted an aggregate net profit of Rs 55,019 crore, up 15.6% year-on-year (YoY),…
Industry Odisha Bureau, Aug 17: Mumbai-headquartered India’s leading investment banking and financial services firm Equirus in its policy report has reportedly stated that 14.2% annual rupee growth, 3-3.6% rupee appreciation, service-led expansion, and above all 20 coordinated reforms acoss five growth engines could pave the path for India to reach a $20 trillion economy by 2036. Media reports on the growth challenge noted by the policy report of Equirus have stated that, “While India’s Gross Domestic Product (GDP) is currently about $3.7 trillion, reaching $20 trillion by 2036 means a 5.5× expansion in just over a decade, requiring 18% nominal…
Industry Odisha Bureau, Aug 17: In a bid to encourage local brand building and innovation, the Government of India (GoI) has reportedly decided to offer a three per cent (3%) brand incentive to the Indian mobile manufacturers under the Mobile Phone Manufacturing Scheme (MPMS). As per media reports, “The 3% incentive under the Mobile Phone Manufacturing Scheme (MPMS) has duly been approved by the Union Cabinet on July 15 this year, and it is part of the GoI’s newly-announced Rs 62,500 crore MPMS that offers an extra 3% on eligible sales for mobile phones designed, engineered, and Research & Development…
Industry Odisha Bureau, Aug16: Cristiano Ronaldo has indicated that the upcoming 2026-27 season appears likely to be his final year. The 41-year-old Portuguese forward made the retirement comments ahead of his recent wedding with Georgina Rodriguez. The 41-year-old Portuguese forward made retirement comments ahead of his wedding with Georgina Rodriguez. Ronaldo currently plays for Saudi Arabia’s Al-Nassr in the Saudi Pro League professionally. His comments shift focus toward the closing chapter of an extraordinarily lengthy football career. The veteran striker has scored 976 professional goals throughout his playing lifetime so far. He is pursuing the significant milestone of reaching 1,000…
Industry Odisha Bureau, Aug 16: India’s Project 75(I) submarine programme could finally advance toward decisive government action. The proposal involving six advanced conventional submarines is now expected before the Cabinet Committee on Security. The programme, estimated at roughly ₹70,000 crore, represents a critical effort by India to strengthen its submarine fleet. The programme, estimated at roughly ₹70,000 crore, represents India’s critical submarine modernisation effort. Mazagon Dock Shipbuilders and Germany’s ThyssenKrupp Marine Systems form the industrial partnership. The project has endured years of protracted commercial and technical negotiations with repeated stalling. Government approval through the Cabinet Committee on Security would clear…
Industry Odisha Bureau, Aug 16: Being India’s one of the largest and leading public sector units, and also has been providing comprehensive range of telecom services nationwide, the Bharat Sanchar Nigam Limited (BSNL) has reportedly proposed for a Rs 77,000 crore capital investment over the next five years to add 2 lakh new 4G sites, strengthen infrastructure, and prepare for a 5G rollout, aiming for 98% nationwide coverage and operational breakeven by the fiscal year 2028‑29 (FY29). Media reports on the key details of the BSNL’s plan have stated that, “BSNL’s proposed amount of investment is Rs 77,000 crore over…
Industry Odisha Bureau, Aug 16: Undoing the claimed wane and doldrums for over the last three years, movie analysts, citing the Indian box office figure, have reportedly claimed to have clocked a 5% rise in the footfall of moviegoers during the first half (H1), i.e. January-June, this year, while the registered footballs are also claimed to be still lagging behind the football figure that of the H1 2022. Media reports, citing the analyses of the movie experts, have stated that, “Even though 378 million moviegoers have visited the Indian cinema halls from January to June (H1) of this year in…
Industry Odisha Bureau, Aug 15: India’s Wholesale Price Inflation (WPI) reportedly eased to 9.78% in July 2026, i.e. reportedly down from 9.87% in June owing to a sharp drop in fuel and power prices and also a slight moderation in food article inflation. Media reports, citing the provisional data reportedly released by the Ministry of Commerce and Industry (MoCI), have stated that, “India’s Wholesale Price Inflation (WPI) rose 9.78% year-on-year (YoY) in July 2026, easing from 9.87% in June, as energy inflation moderated, while price pressures in primary articles and manufactured products strengthened.” Media reports have added that, “Inflation in…
Industry Odisha Bureau, Aug 15: India’s unemployment rate among youth has reportedly risen to 15.9% in first quarter (Q1) of the ongoing fiscal year 2026-27 (FY27). Media reports, citing the latest quarterly Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics and Programme Implementation (MoSPI), have stated that, “India’s unemployment rate among youth aged 15-29 years rose to 15.9% in Q1 FY27, up from 15% in Q4 FY26 and 14.6% in Q1 FY26.” Reporting on the youth unemployment rate by gender (male & female) and aged between 15-29 years of age, media reports, citing the latest quarterly…