Industry Odisha Bureau, Sep 12: A rapidly strengthening El Niño is driving an unusually intense typhoon season. Asian ports, especially Shanghai, are facing severe congestion. Chinese port waiting times have reached 3.38 days. An unusually active typhoon season is disrupting shipping across Asia. Shanghai has been particularly hard hit by vessel congestion. Chinese ports are recording their longest waiting times this year. A rapidly strengthening El Niño is fuelling the disruption. Shanghai Port Congestion Deepens Shanghai is the world’s busiest container port. It has become a key congestion point this year. Schedule reliability weakened sharply during July. Barely one-fifth of…
Author: Industry Odisha
Bhubaneswar, Sep 12: From the lush coffee plantations of Koraput to the global diplomatic stage of the BRICS Summit in New Delhi, a distinctive Odisha story has travelled a remarkable distance. Tiger Bright, the premium Arabica coffee cultivated by tribal farmers in the Eastern Ghats of Koraput, was gifted to guests at the BRICS Summit, giving the world a taste of Odisha while showcasing the growing potential of tribal enterprise, value addition and sustainable livelihoods. What began as an effort to build a market for coffee grown in the hills of Koraput has now evolved into a recognised brand carrying…
Industry Odisha Bureau, Sep 12: Zudio has crossed 1,000 stores in India. Trent Ltd, the Tata Group retail firm, confirmed the milestone on Saturday. The value-fashion chain launched in 2016. It has expanded rapidly since then. Zudio Reaches 1,000-Store Milestone The retailer crossed four digits in roughly ten years. Zudio built its proposition around affordable fashion. That positioning has supported its rapid physical expansion. A network of this size gives Zudio substantial reach across India. Zudio Expands Across 300 Cities Zudio’s network now spans more than 300 cities. Trent said the brand has served over 100 million customers. This figure…
Industry Odisha Bureau, Sep 12: PM Modi and Abu Dhabi Crown Prince Sheikh Khaled discussed strategic energy infrastructure, IMEC connectivity and deeper cooperation across defence, AI and critical minerals on the sidelines of BRICS 2026. Prime Minister Narendra Modi held bilateral talks with Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on the sidelines of the BRICS Summit in New Delhi on Saturday. The meeting focused on new possibilities in strategic energy infrastructure and India-Middle East-Europe Economic Corridor (IMEC) connectivity. Broadening the Strategic Partnership In a post on X, Modi said the two sides discussed advancing…
Industry Odisha Bureau, Sep12: RBI Governor Sanjay Malhotra has flagged possible links between BRICS payment systems and digital currencies. The push aims at cheaper, faster settlement, not dedollarisation.* Cross-border payments remain slow and costly for many BRICS economies. RBI Governor Sanjay Malhotra recently addressed this problem directly. His comments carry weight ahead of BRICS Summit 2026. BRICS Explores Multiple Payment Routes Malhotra said cross-border payments interest all BRICS members. He pointed to considerable scope for reducing costs. BRICS members are discussing links between fast-payment systems and CBDCs. Malhotra highlighted India’s UPI as a useful comparison. International remittances can take hours…
Industry Odisha Bureau, Sep12: Coal India sells enormous volumes through contracts and auctions. The two channels price coal very differently, and that gap explains far more about earnings than production numbers alone. Coal India moves vast quantities of coal every year. Yet identical volumes can produce very different economics. The reason lies in how that coal gets priced. Same Coal, Two Pricing Systems Most Coal India output moves through long-term fuel-supply agreements. These agreements fix volumes at prices the company itself notifies. A smaller share goes through electronic auctions instead. Roughly one tonne in seven is sold this way. Auction…
Industry Odisha Bureau, Sep 12: Apple unveiled the Apple Watch Series 12 at its Surprise and Shine event. The launch also included Apple Watch Ultra 4, AirPods 5 and new iPhones. At first glance, Series 12 looks remarkably similar to Series 11. Apple has introduced meaningful changes beneath that familiar exterior. These touch processing power, materials and health tracking. The central question is whether they justify an upgrade. Same Price, Broader Choices Series 12 keeps Series 11’s pricing structure intact. The 42mm aluminium model starts at $399. The 46mm version costs $449. Titanium models start at $699 for 42mm and $749…
Industry Odisha Bureau, Sep 12: BRICS marks two decades this year. Narendra Modi has called for a new twenty-year agenda, urging the grouping to shift from consensus towards measurable implementation, as leaders gathered in New Delhi.* BRICS has completed twenty years. Prime Minister Narendra Modi marked the milestone by formally opening the BRICS Summit 2026 in New Delhi. He called it a “coming of age” moment for the grouping. Modi urged BRICS countries to prepare an ambitious agenda. This agenda should guide the bloc’s next two decades. His remarks set the tone for the New Delhi BRICS Summit. BRICS Reaches…
Bhubaneswar, Sep 12: Odisha is redefining its identity. Once known for natural resources, it now drives India’s tech ambitions. The state capital, Bhubaneswar, is transforming rapidly. It is evolving from a temple city into a deep-tech destination. Odisha is entering the global semiconductor supply chain. This push is central to its new growth story. Shri Vishal Dev, Additional Chief Secretary for Electronics, IT and Energy, is leading this effort. Under his guidance, the state aims to become the eastern IT corridor’s hub. World-class IT parks now host major global technology firms. Dedicated innovation centres are also nurturing fabless chip-design startups.…
Industry Odisha Bureau, Sep 12: Gold rates in India climbed today after witnessing a decline on the previous day. The 24-karat gold rate (10 grams) rose to Rs 1,54,580, gaining Rs 1,690 from September 11. Similarly, the 22-karat gold rate (10 grams) increased by Rs 1,550 to reach Rs 1,41,700. Meanwhile, the 18-karat gold rate (10 grams) stood at Rs 1,15,940, up by Rs 1,270 from the previous day. Meanwhile, 10-gram gold costs today across major cities of India looks like this: Bhubaneswar: Rs 1,54,580 for 24-karat gold and Rs 1,41,700 for 22-karat gold. Cuttack (formally now known as Kataka):…