Weakness in the rupee reflects investor concerns, foreign outflows, and trade uncertainties as India faces punitive U.S. tariffs Bhubaneswar : The Indian rupee fell to an all-time low against the U.S. dollar, continuing its downward trajectory amid mounting pressures from U.S. tariffs and global market uncertainties. The currency closed 0.39% lower at 88.4425, down…
Major Foreign Collaboration in India’s Renewable Energy Sector Bhubaneswar : ACME Group, a leading renewable energy company from India, has joined hands with Japan-based IHI Corporation to establish a large-scale green ammonia project in Odisha. The project, located at Gopalpur, is designed to produce 0.4 million tonnes of green ammonia annually, making it one…
New sanction limits aim to accelerate project approvals, ensure timely bill processing, and boost grassroots governance efficiency Bhubaneswar: In a major move to strengthen grassroots governance and accelerate developmental works, the Odisha Cabinet approved a proposal of the Panchayati Raj and Drinking Water Department to enhance the financial powers of officers for both technical sanction…
Producers highlight high iron ore premiums and call for government action to ensure global edge Bhubaneswar : India’s leading steel producers have urged the government to take immediate steps to lower input costs, particularly iron ore and coking coal, in order to maintain global competitiveness. At the ISA Steel Conclave 2025 held, top executives from…
3 MTPA aluminium smelter and 4,900 MW power plant to generate 2 lakh jobs, boost Odisha’s industrial growth Bhubaneswar: Vedanta Aluminium, India’s largest aluminium producer, has announced its ₹1.3 trillion greenfield aluminium smelter project in Odisha’s Dhenkanal district, marking the single largest private sector investment of Q1-FY26. According to the Centre for Monitoring Indian Economy…
Silver Surges to 14-Year Peak as Global Rally Pushes Prices Beyond Reach for Many Families Bhubaneswar : Gold and silver prices touched historic highs, triggering both excitement and concern among consumers and jewellers across Odisha. While global factors drove the rally, the steep rise in domestic prices has left many households in the state worried…
Odisha dealers expect higher sales ahead of festive season Bhubaneswar : The recent reduction in Goods and Services Tax (GST) on passenger vehicles has triggered a wave of price cuts by leading car manufacturers across India. Auto companies including Tata Motors, Mahindra & Mahindra, Toyota, Renault, and Maruti Suzuki have announced significant reductions across their…
Odisha health experts say move will help poor and rural patients access critical drugs Bhubaneswar : The Central Government has announced a major relief for patients across India by fixing the retail prices of 42 commonly used medicines, including life-saving antibiotics and drugs used post-organ transplantation. Odisha’s health sector stakeholders have welcomed the move, stressing…
Next-generation digital platform to boost financial governance with AI and real-time monitoring Bhubaneswar : The Odisha government has entered into a strategic collaboration with Tata Consultancy Services (TCS) for the design and implementation of Integrated Financial Management System (IFMS) 3.0, marking a significant step in the state’s journey toward digital governance and modernisation of public…
Voluntary hallmarking of silver jewellery begins from September 1 Bhubaneswar : The government has announced the introduction of voluntary hallmarking for silver jewellery and articles starting September 1, a move expected to transform the jewellery market and protect consumers across the country, including Odisha. The new system relies on digital identification to ensure that every…
