Industry Odisha Bureau, Sep 12: Odisha has concluded a high-impact three-day investment outreach in the United Arab Emirates (UAE) with grabbing proposed investments of Rs 243162 crore. Led by Chief Minister Mohan Charan Majhi, the three-day programme across Abu Dhabi and Dubai resulted in signing of 24 Memoranda of Understanding (MoUs) and Investment Intents (IIFs), following 32 One-On-One investor meetings and Round Table engagements, Industries Department officials said. The outreach brought together UAE-based investors, global business leaders, sovereign and institutional stakeholders, Indian diplomatic representatives and members of the Odia diaspora. The concluding day, Friday, centered on the Odisha Investors’ Meet…
Author: Industry Odisha
Industry Odisha Bureau, Sep12: The USFDA completed a records assessment at Dr Reddy’s Mexico facility. It issued two observations, which the company has not detailed. Dr Reddy’s will respond within the stipulated timeline. Dr Reddy’s Laboratories confirmed a USFDA review of its Mexico facility. The facility manufactures active pharmaceutical ingredients, or APIs. The regulator completed a records assessment and issued two observations. Details of those observations have not been disclosed. The disclosure came through a regulatory filing on Friday. USFDA Completes Mexico Records Assessment The facility is Industrias Químicas Falcon de México, SA de CV. It is associated with Dr…
Industry Odisha Bureau, Sep 12: GAIL Gas is blending differently priced gas to ease costs. Industrial customers face rising pressure from surging global LNG prices. The strategy also aims to sustain industrial demand. GAIL Gas is using blended pricing for industrial customers. The strategy combines gas bought under different pricing contracts. It aims to keep industrial gas affordable amid rising costs. Global energy markets have been volatile since the conflict began. CEO Ashu Shinghal described the approach to ET. GAIL Gas Blends LNG Prices GAIL Gas offers blended pricing for up to 80% of volumes. That applies to contracted industrial…
Industry Odisha Bureau,Sep 12: Flipkart Minutes is pushing deeper into non-grocery quick commerce. The festive season will test this broader retail strategy. Fulfilment centres are also expanding rapidly across India. Profitability remains a key focus for the platform. Quick commerce is moving beyond groceries and daily essentials. Consumers are shifting more discretionary purchases to instant delivery. Smartphones, beauty products and watches are part of that shift. So are electronics and home decor items. Flipkart Minutes is making non-grocery a festive-season priority. This marks its first major push beyond essentials. Non-Grocery Quick Commerce Reaches New Scale Non-grocery categories are growing fast…
Industry Odisha Bureau, Sep 12: Ultraviolette expects electric motorcycles to reach 20% of India’s market. The company is investing ₹779 crore in a new Hosur plant. Electric motorcycles today account for just 1%. Electric motorcycles make up just 1% of India’s market. Ultraviolette expects that share to reach 20% soon. The company sees this happening within two to three years. Co-founder and CEO Narayan Subramaniam outlined the forecast. Electric Motorcycles Target 20% Share Subramaniam believes motorcycles could follow electric scooters. Scooters saw electric adoption accelerate rapidly in recent years. More manufacturers are now entering the motorcycle segment. That is giving…
Industry Odisha Bureau, Sep12: PM Modi said India is building economic bridges amid rising trade barriers. He spoke at the BRICS Business Forum in New Delhi. Modi also highlighted India’s growth, startups and digital payments. Global trade barriers are rising, Prime Minister Narendra Modi said. India, he said, is responding by building economic bridges. Modi spoke at the BRICS Business Forum in New Delhi. “Today, when trade barriers are increasing worldwide, India is building economic bridges,” he said. India Pushes Trade Connectivity Modi’s remarks came amid significant disruption to global trade. US tariff actions have added to that disruption. So…
Industry Odisha Bureau, Sep12: Gulf states are weighing rare talks with Iran over Hormuz. Oman is pushing for a meeting, but Yemen’s conflict threatens Bab el-Mandeb. The gathering remains unconfirmed. Six Gulf states are considering rare talks with Iran. The discussions would focus on the Strait of Hormuz. Oman is trying to convene the meeting for Monday. The proposed venue is Salalah, in southern Oman. People familiar with the discussions described them as sensitive. They spoke on condition of anonymity. The gathering has not been confirmed. Oman Pushes GCC-Iran Hormuz Talks Oman wants GCC and Iranian foreign ministers together. It…
Industry Odisha Bureau, Sep 12: India’s 2027 wedding season is driving unusually early hotel bookings. Prime dates at top destinations are already heavily committed. Hotels also expect stronger, more experience-led wedding spending. Hotels are seeing wedding bookings accelerate well ahead of schedule. Prime dates at several key destinations are already heavily committed. January-March 2027 enquiries are arriving four to six months early. This gives hotels unusually strong visibility into next year’s demand. Families Plan Weddings Further Ahead Large celebrations require securing room inventory well in advance. Families also need multiple venues and specific preferred dates. This complexity is pushing wedding…
Industry Odisha Bureau, Sep 12: Indian bank deposits grew 17.8% year-on-year in August, the fastest pace in a decade. FCNR(B) inflows drove the surge, even as domestic deposit mobilisation stayed weak. Indian bank deposits grew 17.8% year-on-year by August-end. This marked the fastest pace in a decade. The surge was driven largely by FCNR(B) inflows. Domestic deposit mobilisation, however, remained under pressure. Foreign currency deposits, not domestic savings, drove most of the gain. This distinction matters for assessing banking-sector health. FCNR(B) Inflows Drive Deposit Surge FCNR(B) stands for foreign currency non-resident bank deposits. FCNR(B) deposits let eligible non-residents hold foreign…
Industry Odisha Bureau, Sep 12: BMW Group India plans a fourth price hike this year. Rupee depreciation and high commodity costs continue pressuring margins. Prices have already risen by up to 5% in 2026. BMW Group India will soon raise vehicle prices again. This would be its fourth increase during 2026. Rupee depreciation and elevated commodity costs are driving the move. CEO Hardeep Singh Brar confirmed the plan to reporters. The announcement came during a media interaction on Friday. BMW Prices Already Up 5% BMW has already revised prices three times this year. Those changes affected both BMW and MINI…