Industry Odisha Bureau, Aug 12: State Bank of India is returning to the public dollar bond market. The lender expects strong investor interest in its planned five-year dollar bonds. Guidance places pricing near one hundred twenty basis points above U.S. Treasuries. SBI expects to raise at least $500 million from the bond offering. Strong investor demand could push the final transaction size beyond one billion. Bankers are marketing the bonds with sale completion expected by week’s end. The bond issuance comes as the Reserve Bank opened a swap facility. The RBI facility makes overseas borrowing cheaper for Indian banks seeking…
Author: Industry Odisha
Industry Odisha Bureau, Aug12: President Trump has adopted economic pressure as his dominant strategy against Iran’s government. Military strikes and diplomatic negotiations have produced limited progress in the ongoing conflict. Trump has instructed aides that he currently prefers not to order additional strikes. The administration has presented statistics to Trump showing existing sanctions’ devastating economic effects. Policymakers argue that escalating financial penalties could effectively pressure Iran toward capitulation substantially. Trump apparently believes economic damage represents Iran’s greatest vulnerability in this protracted confrontation. “They have no money. Iran is broke, totally broke,” Trump stated to reporters. Administration officials had previously shared…
Industry Odisha Bureau, Aug 12: Three of soccer’s major confederations have formally demanded leadership change at FIFA. The UEFA, Concacaf and Asian Football Confederation issued a joint open letter. Their action signals growing opposition to FIFA President Gianni Infantino’s decade-long tenure. The confederations claim Infantino repeatedly made unilateral decisions without proper consultation beforehand. Infantino’s controversial FIFA Forward Enterprise plan to commercialize the World Cup sparked anger. The FIFA president subsequently apologized for moving forward too quickly without consensus. Yet confederations view this merely as the latest example of problematic leadership. Confederations hope sustained pressure might force Infantino to resign before…
भुवनेश्वर, 12/08/2026 : ओडिशा के जनजातीय समुदायों की समृद्ध सांस्कृतिक विरासत का जश्न मनाते हुए, भारत के सबसे बड़े एल्यूमीनियम निर्माता वेदांत एल्यूमीनियम ने कालाहांडी जिले के बोरिंगपदर और पलबेरी गाँवों में समुदाय के नेतृत्व वाले कार्यक्रमों के साथ विश्व स्वदेशी जन दिवस मनाया। बुजुर्गों, महिलाओं, युवाओं और बच्चों सहित 350 से अधिक जनजातीय समुदायों के सदस्यों को एक साथ लाते हुए, इस उत्सव में पारंपरिक ज्ञान, स्वदेशी भोजन, सांस्कृतिक प्रथाओं और पीढ़ियों से चली आ रही जनजातीय पहचानों का प्रदर्शन किया गया। समारोह में एक जनजातीय वेशभूषा प्रदर्शनी और पारंपरिक खाद्य प्रतियोगिता शामिल थी जिसमें स्थानीय जनजातीय समुदायों की…
ଭୁବନେଶ୍ୱର, ୧୨/୦୮/୨୦୨୬ : ଓଡ଼ିଶାର ଜନଜାତି ସମ୍ପ୍ରଦାୟର ସମୃଦ୍ଧ ସାଂସ୍କୃତିକ ଐତିହ୍ୟକୁ ପାଳନ କରି, ଭାରତର ସର୍ବବୃହତ ଆଲୁମିନିୟମ ଉତ୍ପାଦନକାରୀ ବେଦାନ୍ତ ଆଲୁମିନିୟମ, କଳାହାଣ୍ଡି ଜିଲ୍ଲାର ବୋରିଙ୍ଗପଦର ଏବଂ ପାଲବେରୀ ଗ୍ରାମରେ ଗୋଷ୍ଠୀ ନେତୃତ୍ୱାଧୀନ କାର୍ଯ୍ୟକ୍ରମ ସହିତ ବିଶ୍ୱ ଜନଜାତି ଦିବସ ପାଳନ କରିଛି। ବୟସ୍କ, ମହିଳା, ଯୁବକ ଏବଂ ପିଲାମାନଙ୍କ ସମେତ ୩୫୦ ରୁ ଅଧିକ ଜନଜାତି ସମ୍ପ୍ରଦାୟର ସଦସ୍ୟଙ୍କୁ ଏକାଠି କରି ଏହି ଉତ୍ସବ ପାରମ୍ପାରିକ ଜ୍ଞାନ, ସ୍ୱଦେଶୀ ଖାଦ୍ୟ, ସାଂସ୍କୃତିକ ଅଭ୍ୟାସ ଏବଂ ପିଢ଼ି ପରେ ପିଢ଼ି ଅତିକ୍ରମ କରିଥିବା ଜନଜାତି ପରିଚୟ ପ୍ରଦର୍ଶନ କରିଥିଲା । ଏହି ଉତ୍ସବରେ ଏକ ଜନଜାତି ପୋଷାକ ପ୍ରଦର୍ଶନୀ ଏବଂ ପାରମ୍ପରିକ ଖାଦ୍ୟ ପ୍ରତିଯୋଗିତା ଅନୁଷ୍ଠିତ ହୋଇଥିଲା, ଯେଉଁଥିରେ ସ୍ଥାନୀୟ ଜନଜାତି ସମ୍ପ୍ରଦାୟର ସାଂସ୍କୃତିକ ଐତିହ୍ୟ ଏବଂ ପରମ୍ପରା ଉପରେ ଆଲୋକପାତ କରାଯାଇଥିଲା। ବୟସ୍କମାନେ ଯୁବ ପିଢ଼ି ସହିତ କାହାଣୀ ଏବଂ ପାରମ୍ପାରିକ ଜ୍ଞାନ ବାଣ୍ଟିଥିଲେ, ଯାହା କି ସାଂସ୍କୃତିକ…
Lanjigarh, August 12, 2026: Celebrating the rich cultural heritage of Odisha’s tribal communities, Vedanta Aluminium, India’s largest producer of aluminium, marked World’s Indigenous Peoples Day with community-led programmes at Boringpadar and Palberi villages in Kalahandi district. Bringing together over 350 tribal community members, including elders, women, youth and children, the celebrations showcased traditional knowledge, indigenous cuisine, cultural practices and tribal identity passed down through generations. The celebration featured a Tribal Attire Showcase and Traditional Food Competition, highlighting the cultural heritage and indigenous traditions of local tribal communities. Elders shared stories and traditional wisdom with younger generations, while cultural performances and…
Industry Odisha Bureau, Aug 12: With India’s current bank credit growth being recorded around 18.6% year-on-year (YoY) in June 2026, and the credit growth having crossed 17% for the fortnight ending July 15 this year (a rate claimed to have been not seen in two years), financial analysts and experts in money matters have reportedly been optimistic of a robust credit revival. Media reports, citing Haitong Securities India, have stated that, “Overall bank credit to the tune of Rs 219 trillion grew 18.6% YoY in June 2026, with non-food credit up 18.3% YoY. The Reserve Bank of India (RBI)’s sectoral…
Industry Odisha Bureau, Aug 12: India’s public education system has reportedly witnessed a sorry state of affairs. Approximately, 84,000 government-run and government-aided schools across the country were closed down between 2018-19 and 2025-26. It was reportedly due to school rationalisation and changing demographics, while the enrolment also reportedly dropped by 15 million. Media reports, citing data availed from the Unified District Information System for Education Plus (UDISE+) under the Department of School Education & Literacy (DoSEL) in the Union Ministry of Education, have stated that, “Over the past seven years, the number of government and government-aided schools has declined from 1.17…
Industry Odisha Bureau, Aug 12: New York and London-headquartered American research, credit ratings and analytics firm Fitch Ratings has reportedly assigned India a sovereign credit rating of ‘BBB’, with a ‘Stable’ outlook, reflecting strong economic growth and solid external finances but constrained by high government debt, fiscal deficits, and lagging structural indicators. Reportedly, “BBB is the lowest investment‑grade rating, indicating India remains creditworthy, but carries higher risk than stronger-rated peers. It affects borrowing costs, investor confidence and India’s ability to attract foreign capital.” International media reports, citing the key reasons for the latest Fitch Ratings, have stated that, “India is…
Industry Odisha Bureau,Aug 12: Crude futures surged roughly five percent as hopes for reopening the Strait of Hormuz deteriorated significantly. Brent and US crude both advanced sharply, with prices briefly reaching $90.02 per barrel intraday. Oil subsequently retreated to the $87–$89 range amid profit-taking and shifting sentiment. Spot gold climbed above $4,400 per ounce, marking a two-month high today. The precious metal peaked at $4,434.84 before trading near $4,380–$4,390 levels. Gold futures opened 0.6% higher than Monday’s opening, signaling renewed safe-haven positioning. Iran issued six strict preconditions for reopening the strategically vital energy chokepoint between the Gulf and Arabian Sea.…