AEROSPACE
LCA fighter engine supplies stabilise as GE ships four sets to HAL
Hindustan Aeronautics Limited is in discussions with GE Aerospace for technology transfer of advanced F414 engines. The delivery of F404 engines for LCA Mk1A has faced delays, leading to penalties imposed on GE. More than 20 engines are expected to be delivered annually by GE from 2027. The LCA Mk2 is currently under prototype production and will utilize the GE 414 engine.
CARE upgrades Adani Enterprises to ‘AA’, retains ‘stable’ outlook
CARE Ratings has upgraded the long-term rating of Adani Enterprises to 'AA', affirming a stable outlook. This elevation underscores enhanced financial adaptability, attributed to recent capital influx and subsidiary stake divestitures. With profit growth likely, supported by a resurgence at Kutch Copper Limited and continued airport operations, coupled with the promoter family's substantial holdings, Adani's strategic significance is reinforced.
Flipkart alumni seek Esop buyout; Local sourcing for ISM 2.0
Former Flipkart executives are seeking a full cash-out of vested Esops. This and more in today’s ETtech Top 5.
Payoneer India Cross-Border Excellence Awards 2026 closes with a blueprint for India’s next export leap
India’s exports hit a record $863.1 billion in FY26, yet the businesses driving that growth rarely share the spotlight. On September 25 in New Delhi, the Payoneer India Cross-Border Excellence Awards 2026, in association with The Economic Times, closed its 2026 cycle with a summit on market access, growth corridors and outbound compliance, and 16 category winners that show what Indian global enterprise looks like today.
JEE-Advanced 2026: Comp Science first choice among top 500; IIT Bombay gets max top rankers
In 2026, the IIT JEE-Advanced results showed Computer Science Engineering remained the top choice among candidates. IIT Bombay attracted the highest number of top rankers, securing 183 admissions from the top 500. Only two candidates from this group opted for Civil Engineering, while none chose Aerospace Engineering.
From Shakti, Aravalli to HTSE-1200: How India is developing its own desi helicopter engines from attack to cargo
India’s aerospace propulsion journey is moving beyond licensed production towards joint development and indigenous engine design, with the expansion of Shakti helicopter engine manufacturing marking the latest milestone. Defence Minister Rajnath Singh inaugurated a second Shakti production line at HAL’s Koraput division, which will manufacture up to 100 engines annually once fully operational.
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Trump highlights a big new defense project in Maryland, a blue state whose governor won't be there
Donald Trump plans to highlight Anduril’s $3.7 billion investment in a Baltimore-area facility that will make components for US nuclear-powered submarines, part of his push to showcase manufacturing investment ahead of the November 3 midterms. The project is expected to create 3,100 direct jobs, with the federal government committing $2.9 billion to purchase output from the facility.
ElevenLabs CEO on AI slowdown; Prosus dials up fintech bets
Happy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in today’s ETtech Morning Dispatch.
Garuda Aerospace lands $10 million pre-IPO funding at $320 million valuation
Garuda Aerospace is looking to go public in the first quarter of 2027, according to people in the know. The company filed its draft IPO papers through the confidential route in April and received the market regulator’s observations on August 5, allowing it to proceed with the IPO process.
Self-reliance in aero-engines foundation of India's aerospace sovereignty: Rajnath Singh
Defence Minister Rajnath Singh recently celebrated the remarkable milestone of HAL's Koraput Division delivering its 2,000th aero-engine. This new Shakti engine line is set to manufacture up to 100 engines each year, reinforcing military readiness. He emphasized the necessity of developing indigenous capabilities for defense projects, notably the Advanced Medium Combat Aircraft, while calling for strengthened ties with MSMEs and educational institutions, highlighting Odisha's pivotal role in the aerospace industry.
Top tech players, policymakers come together on Deepverse platform to develop deeptech
The Startup Policy Forum has launched DeepVerse, a groundbreaking initiative designed to bolster India's deeptech sector. This platform connects startups, investors, academics, and policymakers, fostering collaboration across ten sub-sectors, including biotech, quantum technology, and electric vehicles. With backing from influential investors and tech leaders, DeepVerse aims to create a robust policy framework that supports deeptech innovation in India.
Justin Timberlake praises Jessica Biel as ‘greatest mom’ as couple celebrates 14th wedding anniversary
Justin Timberlake and Jessica Biel shared never-before-seen photos and sweet messages on Instagram Stories. Timberlake called Biel his “favorite person in every lifetime” and praised her as the “greatest mom” to their two sons. Biel returned the love by calling Timberlake “the best Dad” and sharing photos of the couple together.
Indian Navy to get BrahMos launchers, fire control systems in Rs 661 cr deal
The Ministry of Defence has signed a Rs 661.50 crore contract for BrahMos Fire Control Systems and launchers. The systems will be fitted on Indian Navy warships for maritime strike operations. This contract aims to strengthen India's maritime security and enhance defense capabilities while promoting indigenisation. It includes a minimum indigenous content of 68% and supports participation from Indian industries.
Ukrainian aerospace engineer Anastasia Sevriukova preserved her eggs to have children after her life changed following stage 4 colon cancer diagnosis at 25
When Sevriukova was 25 she was diagnosed with stage 4 colon cancer while she was building her career as an aerospace engineer and had her future planned out with her fiance. She had to put both her career and her plans to start a family on hold as she has to go through the treatment.
Vinir Engineering files DRHP with SEBI for fresh issue of up to 7.1 crore shares
Vinir Engineering has filed its DRHP with Sebi for an IPO comprising a fresh issue of up to 7.1 crore shares, with proceeds earmarked for plant and machinery, working capital, acquisitions and general corporate purposes.
HFCL stock triples in 6 months as AI, defence orders boost outlook
The stock of HFCL is soaring, attributed to remarkable achievements in optical fibre cables and defence electronics sectors. With a new revenue growth projection of 40% for FY27, the company shows promising potential. Expansion into global markets is expected to amplify revenue figures by year-end, supported by a robust order book ensuring long-term revenue clarity.
Bharat Forge secures contract from Pratt & Whitney Canada for aerospace engine components
Bharat Forge has secured a long-term contract from Pratt & Whitney Canada to supply mission-critical aerospace engine components. The components will be manufactured at Bharat Forge’s aerospace facility in India.
Lockheed Martin to expand production in India, if it wins transport aircraft bid
Lockheed Martin is planning to enhance its production capabilities in India based on a tender for 60 medium transport aircraft. This procurement is valued at USD 10.5 billion, attracting several Indian firms as partners. Lockheed Martin's proposal includes 12 flyaway aircraft and 48 to be manufactured in India. The company aims to upgrade the existing C-130J fleet of the Indian Air Force.
GVC integration, supply chain resilience, FTAs key to boost exports, high-end manufacturing: Deloitte India
India needs deeper integration into global value chains, lower logistics costs and better use of free trade agreements to boost exports and move into higher-value manufacturing, according to Deloitte India. It also called for stronger supply-chain resilience, tariff rationalisation and greater support for MSMEs facing trade-finance, compliance and currency risks.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Critical minerals emerge as key India-Canada trade opportunity amid supply chain diversification: Trade Minister Maninder Sidhu
Canada sees an opportunity to support India's supply chain diversification through critical minerals, particularly for the country's growing auto, electric vehicle and battery sectors, Canadian International Trade Minister Maninder Sidhu said.
Karnataka govt’s Innoverse identifies seven startups for deeptech scale-up programme
The programme will support startups with market access, capital mobilisation, policy support, and access to technology and scale-up infrastructure, the IT/BT department said in a statement. The cohort comprises aerospace and defence startup AquaAirX Autonomous Systems, biotech startup Fibroheal Woundcare, space-tech startup Hyspace Technologies, deftech startup OptM Media Solutions, space and propulsion startup SpaceFields, autonomous systems startup UNMANND Autonomy, and navigation and sensing startup Yaanendriya.
Embraer, Mahindra choose Nagpur for potential C-390 assembly line in India
Embraer and Mahindra are considering establishing a final assembly line for the C-390 Millennium in Nagpur, India. This project is dependent on the selection of the aircraft for the Indian Air Force's Medium Transport Aircraft programme. The proposed facility would involve assembly, system integration, and development of a local supply chain. Embraer anticipates that India will place an order for 60 to 80 aircraft in the future.
Yohan and Michelle Poonawalla make strategic investment in Optimized Solutions Ltd
The investment will focus on supporting indigenous technology, innovation and advanced manufacturing in areas spanning defence, aerospace, space and critical technologies, including nuclear power.
Former Elevation Capital partner Mayank Khanduja joins Silicon Valley VC Bessemer in India
Khanduja, who left Elevation Capital in January, will focus on early-stage investments at Bessemer, working with founders from their first institutional funding round, the firm said.
Epigamia cofounder launches Kokasa to build defence tech systems
The deep-tech venture is developing electromechanical, electrohydraulic, sensing and control systems for defence, aerospace and space.
Space-tech’s missing link: The skilled talent powering India’s $100 billion ambition
Space job news: India's space industry is undergoing significant changes, with an increasing presence of private startups contributing to its growth. The government anticipates a boom in the sector, estimating it will reach $100 billion by 2040. However, companies are struggling to find skilled workers with specialized expertise required for various roles. Initiatives to bridge the skills gap include the introduction of SpaceTech courses and enhancing industry-academia collaborations.
Tata Projects partners with Canadian firm MDS Aero to advance aero-engine testing infra in India
Tata Projects has entered a strategic partnership with MDS Aero Support Corporation to improve aero-engine testing infrastructure. This collaboration supports the development of testing facilities for India's aerospace sector. Tata Projects will oversee key infrastructure elements like civil works and high-air-pressure systems. MDS Aero Support will provide their specialized knowledge in engine testing technologies and lifecycle support. Together, these companies aim to strengthen aerospace technology ties between India and Canada.
Beyond listed stocks: MSEI rallies 125%, Zepto retreats 48%; here’s how other pre-IPO names fared
The unlisted-share market has seen wide price swings in 2026, with MSEI more than doubling its indicative value, while Zepto has nearly halved. According to Unlisted Arena data, Goodluck Defence & Aerospace, PPFAS, API Holdings and Prisma Global AI were among the other notable gainers, while NCDEX, OYO, GFCL EV Products and Garuda Aerospace also declined.
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