According to this report in business standard , Dubai-based MNC Darvesh is planning to set up a processing unit in Odisha with an investment Rs 500 crore for production of isolates and concentrates from marine fish. “The company is keen…
Awesome News, ISRO achieves world record for India by launching 104 satellites in one go
A four-stage Polar Satellite Launch Vehicle blasted off from India’s southern spaceport with 104 satellites on board. Indian Space Research Organization has established a new satellite delivery record for a single mission—and by a long shot. The current record for Russia,…
Consulting giant Capgemini closing on to acquire Bhubaneswar based software Firm TCube Solutions
Leading consulting, technology and outsourcing services provider Capgemini is believed to be in the final lap of acquiring TCube Solutions, a Bhubaneswar-based IT firm. The valuation of the deal is not known. TCube Solutions has facilities at United States and…
Budget 2017 Plans for India’s biggest Oil reserve to be set up at Chandikhol in Odisha
A strategic oil reserve with a capacity of 3.7 million metric tonne (MMT) will be set up at Chandikhol in Jajpur district to increase the storage capacity of petroleum products for use during emergency. The announcement was made by finance…
Tata Steel picks up majority stake in Odisha Subarnarekha Port project
Tata Steel, the steelmaking arm of the salt-to-software conglomerate Tata Group, is buying a majority stake in an upcoming port project in Odisha, the company said on Wednesday. In a statement issued after market hours, Tata Steel said that it…
Neev Fund and others pour in Rs 66.5 Crore into Odisha based Startup Milk Mantra
Odisha-based dairy startup Milk Mantra Dairy has raised about $10 million (Rs 66.5 crore) in a fresh round of funding that has been led by State Bank of India-backed Neev Fund. Existing backers of the sevenyear-old company, which include…
Odisha thinking of Startup park similar to T-hub in Hyderabad
Odisha government is planning to set up a startup park- a one-stop destination to facilitate young entrepreneurs in the state. The proposed startup hub will be in the line of T-Hub in Hyderabad, which will not only provide physical space…
NALCO inaugurates Research and Technology Center at Bhubaneswar
The National Aluminium Company (NALCO) has inaugurated a research and technology centre in Bhubaneswar. The centre will undertake research activities like development of new products and alloys. NALCO has already registered 29 patents of which five have been commercialised. The…
Odisha Apparel Policy first of this type in India opens up avenues for Tirupur industrialists
“The recently brought out Odisha Apparel Policy, the first exclusive policy for apparels by any State in the country, is per se a welcome gesture for industrialists from Tirupur and other clusters to choose Odisha as destination for setting up…
Plate Mill of Rourkela Steel Plant creates new record
The Plate Mill of Rourkela Steel Plant (RSP) created a new record by rolling 502 number of slabs into plates yesterday, which is its best ever performance since inception. This achievement was made possible because of the meticulous planning and…