This work investigates the heat transmission and boundary layer (BL) slip flow of a power-law fluid induced by stretching surfaces. The power-law fluid, induced magnetic field, and finite thermal relaxation have significant applications in a variety of industrial settings, including thin-layer growth, cooling systems, the extrusion process, and coating and shaping operations in a heat transfer mechanism. With these significant industrial applications, the current study explores BL flow and heat transfer in the context of the of the Cattaneo-Christov theory against the backdrop of an induced magnetic field over a stretching surface. The shear-thinning and thickening features are captured by the power-law fluid model, while the Cattaneo-Christov theory solves the deficiencies of Fourier's law. The BVP4c technique is used to construct and solve BL equations numerically. The surface drag and heat transmission rates at the wall are studied using statistical multi-regression analysis. The findings clarify that the magnetic and power law indices have a favorable effect on the Nusselt number, while their influence on skin friction is conflicting. A lower heat transmission is predicted with thermal relaxation as compared to Fourier's law in the energy equation. The accumulated thermal relaxation parameter produces a non-equilibrium state, delaying the internal thermal processes.