Economy – New Odisha Age

Bhubaneswar Poised to Emerge as the “Bengaluru of the East” Amid Rapid IT and Semiconductor Growth

Sarmistha Kabi5 days ago03 mins

Bhubaneswar: Bhubaneswar is fast transforming into one of India’s most promising technology hubs, with industry leaders and policymakers projecting the city as a future mega IT metropolis comparable to Bengaluru and Hyderabad. The capital city’s expanding digital infrastructure, booming startup ecosystem, and increasing semiconductor-related investments are reshaping Odisha’s economic landscape. Officials report that Odisha recorded…

India’s New Wage Framework Set to Reduce Take-Home Pay for Millions Employers’ Costs Unchanged, But Salary Structures Face Big Overhaul

Sarmistha Kabi2 weeks ago03 mins

Bhubaneswar: In a major restructuring of how salaries are calculated across the private sector, India’s revised national wage framework is poised to significantly reduce in-hand salaries for a large segment of employees—even as overall employer cost (CTC) remains the same. Under the new rules, basic pay plus dearness and retaining allowances must constitute at least…

Economic Times GCC Conclave Returns With Expanded Agenda and Inaugural Awards

Sarmistha Kabi2 weeks ago05 mins

Bengaluru to host 400+ industry leaders as India’s GCC ecosystem shifts from service delivery to global innovation leadership- Bhubaneswar, November 25, 2025: India’s Global Capability Centre ecosystem is at an inflection point—and the leaders shaping its future are gathering in Bengaluru. The Economic Times Global Capability Centres Annual Conclave returns on November 26, 2025, at…

G20 Moves Ahead Without Trump as Johannesburg Declaration Signals Unity; India, Brazil & South Africa Reinforce Global South Axis

Sarmistha Kabi2 weeks ago05 mins

Bhubaneswar: In a striking display of collective resolve, G20 nations pressed ahead with the Johannesburg Summit and issued a joint declaration despite intense external pressure from former U.S. President Donald Trump. The gathering—held in South Africa and notably skipped by Trump—marked a critical turning point, showing that the world’s leading economies are willing to chart…

Sheikh Hasina’s Death Sentence: A Geopolitical Turning Point for South Asia

Sarmistha Kabi3 weeks ago07 mins

Bhubaneswar, India: An analytical perspective on Bangladesh’s political turmoil and India’s looming strategic challenge The dramatic sentencing of former Bangladesh Prime Minister Sheikh Hasina to death on 17 November has shaken South Asian politics and raised urgent questions about democracy, due process, and regional stability. Currently residing in India after fleeing her country earlier this…

SEBI Issues Public Caution Against Digital Gold Investments

Sarmistha Kabi3 weeks ago02 mins

Bhubaneswar: The Securities and Exchange Board of India (SEBI) has issued a public advisory warning consumers against investing in digital gold products offered by jewellery brands and online platforms such as Tanishq and MMTC-PAMP. The market regulator clarified that these products fall outside its regulatory framework, leaving investors exposed to significant financial and operational risks….

Student Council Elections at iLEAD Inspire Democratic Spirit and Leadership

Sarmistha Kabi3 weeks ago03 mins

Kolkata, India, 15 November 2025: The Institute of Leadership, Entrepreneurship & Development (iLEAD) successfully conducted its Student Council Elections 2025 on November 5, drawing a large number of students and staff to the polls. The event was held under the careful supervision of teachers and mentors, ensuring transparency, fairness and discipline throughout the process. The elections were…

Taiwan Excellence Brings Three Award-Winning Innovations to India from LUFTQI, Vinxper and COTTAI

Sarmistha Kabi3 weeks ago06 mins

From smart air purification to intelligent décor and premium wine tech, global innovators foray into India, seeking strategic distribution partners. Kolkata, 15th November 2025: Continuing its legacy of introducing globally celebrated innovations to India, Taiwan Excellence (TE), an initiative of Taiwan’s Ministry of Economic Affairs (MOEA), has unveiled three award-winning products from leading Taiwanese brands in the Indian…

Gandhi Shilpa Bazaar Showcases India’s Handcrafted Heritage at Ekamra Haat

Sarmistha Kabi3 weeks ago02 mins

Bhubaneswar: The Gandhi Shilpa Bazaar has begun at Bhubaneswar’s Ekamra Haat, celebrating India’s vibrant tradition of craftsmanship and creativity. The exhibition, which runs from November 11 to 16, has brought together artisans and small-scale entrepreneurs from across the country. Though modest in scale, the fair offers a colourful range of metal crafts, wooden artefacts, handlooms,…

Massive Bank Merger on the Horizon: India to Reshape Banking Sector with Five Mega

Sarmistha Kabi3 weeks ago3 weeks ago02 mins

Bhubaneswar: In a major structural reform, the Central Government is reportedly preparing to execute one of the largest bank mergers in India’s history — a move that will consolidate the nation’s public sector banks into five world-class financial institutions. According to official sources, the government aims to merge smaller public sector banks (PSBs) with larger,…