AEROSPACE PLATFORMS
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.
Akash air defence system reaches Turkmenistan: Check its capabilities as it joins Chinese systems to protect the Central Asian country
India has exported its indigenous Akash air defence missile system to Turkmenistan, Defence Secretary Rajesh Kumar Singh has confirmed, expanding the weapon’s presence in Central Asia after Armenia and Tajikistan. Turkmenistan already operates Chinese-made air defence systems, including the FK-2000, FD-2000, KS-1A and FM-90. Here is a look at Akash’s range, capabilities and evolving variants.
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.
ET Business Excellence & Leadership Summit 2026: Celebrating visionaries redefining growth & leadership
The ET Business Excellence & Leadership Summit 2026 brought together leaders to discuss brand development, innovation, and sustainability. Panel discussions featured prominent voices discussing resilience and leadership in uncertain times. A felicitation ceremony honored individuals and organizations for their contributions across various sectors. Key insights emphasized the importance of collaboration and strategic thinking in driving future success
Embraer C-390 Millennium explained: Key specifications and capabilities of the Brazilian military transport aircraft
Embraer-Mahindra C-390 Millennium: The military transport aircraft is being considered for India’s Medium Transport Aircraft programme, with Nagpur proposed as the site for a potential final assembly line. The aircraft can carry up to 26 tonnes of cargo and support troop transport, airborne operations, medical evacuation, aerial refuelling, search and rescue, firefighting and other missions.
AI major cybersecurity challenge, but also offers tools for defenders: Thales Chairman
Artificial Intelligence has significantly changed the speed and nature of cyberattacks, creating challenges for cybersecurity. Companies now face threats not only from cybercriminals but also from state actors targeting critical systems. Thales executives emphasized the need for integrated cybersecurity strategies to address growing complexities and vulnerabilities. New AI-powered solutions and partnerships aim to enhance protection against evolving cyber threats effectively.
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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.
Yohan and Michelle Poonawalla of Poonawalla Group venture into defence sector with strategic investment in Optimized Solutions
The investment comes at a significant inflection point for India’s defence industry, which has been witnessing a sustained growth in indigenous production, private-sector participation and exports.
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.
India’s Decisive Decade: 7 Business trends every CEO should watch
India's business landscape is changing quickly, with AI, manufacturing, services, cybersecurity and new markets creating fresh opportunities as well as new challenges for business leaders. Here are 7 business trends that every leader should keep a tab on!
Anupam Rasayan completes Bliss GVS deal, targets Rs 4,000-crore integrated platform
Anupam Rasayan India Limited has finalised its acquisition of a controlling interest in Bliss GVS Pharma, marking a strategic expansion into finished dosage formulations. This acquisition strengthens Anupam Rasayan's pharmaceutical portfolio, bolstered by Bliss GVS Pharma's extensive array of over 150 brands across several therapeutic segments, while also offering valuable growth avenues through their current manufacturing infrastructure.
'Strengthening coordination, readiness': US embassy hails F-35 debut at Tarang Shakti 2026 in India
The second edition of multinational air exercise Tarang Shakti 2026 is underway in Jodhpur, featuring advanced fighter jets like the US F-35A. Running until October 12, the drill promotes interoperability, joint training, and strategic defence cooperation among participating global air forces.
SiMa AI raises $150 million in funding to advance physical AI technology and robotics
The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital and StepStone Group, founder and chief executive Krishna Rangasayee told ET. AllianceBernstein, Baron Capital and JPMorgan joined the round as new investors.
ET Startup Awards 2026: Armatrix targets 10-12 pilots, commercial deployment of snake-like robotic arms in 2028
Armatrix won the Best on Campus category at The Economic Times Startup Awards 2026 for its 3-5 metre long snake-like robotic arms designed to navigate narrow and hazardous industrial spaces where conventional robots and workers struggle to operate. It won for its clearly defined use cases.
Embraer says Mahindra will be its partner for IAF's 60 transport plane tender, to partner with Adani for commercial planes
Brazilian aerospace firm Embraer has partnered with Indian Mahindra Group for the Indian Air Force's transport aircraft programme. The partnership will involve offering Embraer's KC-390 jet as a solution to replace older aircraft. Embraer has highlighted the KC-390's superior performance compared to the C-130J offered by Tata-Lockheed Martin. The company plans to expand its supply chain and maintenance operations from India to support global requirements.
Orbital Shift: India's space sector undergoing biggest transformation; pvt firms handle rockets, ISRO focus on more ambitious missions
India's space sector is undergoing significant changes as private companies engage in rocket production and management. The Indian Space Research Organisation is shifting its focus towards more ambitious missions and projects. This transition follows the introduction of the Indian Space Policy 2023, which emphasizes private sector participation. Concerns have been raised by ISRO employees regarding the agency's future and potential loss of capabilities.
Payoneer India Cross-Border Excellence Awards: A diverse winner list reflects India’s growing cross-border trade
Services exports in India have surged to a record $421.3 billion, surpassing estimates, in FY26, as total exports hit an unprecedented $863 billion. The trade is well on its way to meet the $2 trillion export target by 2030-31, yet the companies bringing about this impetus remain largely unknown. Payoneer India Cross-Border Excellence Awards, in association with The Economic Times, have identified, recognised, and felicitated these businesses/individuals/ideas. Read on!
Assam’s greatest resource for industrialisation is its human resource: Finance Minister Jayanta Mallabaruah
Assam's Finance Minister Jayanta Mallabaruah emphasized the role of human resources in driving the state's industrialization efforts. The government is aiming to create quality employment and entrepreneurial opportunities for the youth in Assam. Major investments are being made in sectors such as semiconductors, electronics, and food processing to foster economic growth. Assam's industrial strategy includes enhancing infrastructure and facilitating investment processes to boost development.
When trouble looks like it will last, staying calm is harder: 5 stocks with upside potential of up to 24%, according to analysts
The market is down again and oil is back above $100. For a while now, this is how it has been: A market that is volatile, with the bias towards falling rather than rising. And it is likely to remain like this for at least the next couple of months. It is not some sudden crisis. It is a combination of many headwinds, both global and domestic.
From fabrics to fighter jets: Raymond moves into fighter aircraft assembly
Raymond Ltd has announced an expansion into aircraft structures with its subsidiary JK Maini Global Aerospace. The subsidiary won a tender to assemble wing and centre-fuselage structures for a fighter aircraft programme. This strategic move aims to enhance the company's capabilities without substantial investments in new infrastructure. The programme will enable the subsidiary to establish credentials for larger aerospace projects.
Landmark NSE IPO threatens to hollow out Dalal Street’s shadow market
With the National Stock Exchange preparing for its listing, India's primary market is poised for significant enhancement. The landmark IPO is anticipated to trigger a marked decrease in the flourishing unlisted shares market, compelling platforms involved in these trades to identify alternative investment prospects.
HAL shares rise 2% as firm hands over 3 aerospace platforms to IAF. What is Goldman Sachs saying?
Hindustan Aeronautics Ltd (HAL) shares rose on Monday after the company handed over three indigenously developed platforms to the IAF and Pawan Hans. The deliveries included the Dhruv-NG helicopter, LCA Tejas Trainer jets and HTT-40 basic trainer aircraft.
India needs to move beyond chip manufacturing, use Indian chips in products designed and made locally: Report
India’s next phase of semiconductor growth should focus beyond manufacturing capacity on building a domestic ecosystem where chips designed, produced and packaged in India are used in locally designed products, an EY-IESA report said. With semiconductor consumption projected at $200 billion by 2035, the report called for greater downstream value creation.
Rajnath Singh hails 'important milestone' as HAL hands over Dhruv-NG, LCA Trainer and HTT-40 to IAF
Asserting that India is rapidly moving towards self-reliance through indigenous defence manufacturing, Defence Minister Rajnath Singh said on Friday that the country is witnessing a major milestone in its aerospace capabilities and technological self-confidence.
ETtech Deals Digest: DheyaTech, Firi lead weekly startup funding at $16 million
Seed-stage deals accounted for 71.2% of the capital raised during the week, while early-stage rounds made up the remaining 28.8%. There were no late-stage deals during the period.
"Will resolve issue and start delivering": HAL CMD Ravi Kumar on Tejas LCA Mk1A
Hindustan Aeronautics Limited is working to resolve Tejas Mk1A software integration challenges. The company will deliver seventy Hindustan Turbo Trainer-40 aircraft over four to five years. Prototypes for the CATS Warrior autonomous drone are now under fabrication. Four Dhruv Next Generation helicopters are being handed over to Pawan Hans Limited. Two Light Combat Aircraft Tejas trainer jets are also being delivered to the Indian Air Force.
Microsoft CEO Satya Nadella lauds Seattle tech community's strengthening ties with India
Nadella was the guest of honour at a special event organised by the Consulate General of India in Seattle under the leadership of Consul General Prakash Gupta.
HAL to hand over Tejas trainers, HTT-40 aircraft and Dhruv NG helicopters to IAF, Pawan Hans
Hindustan Aeronautics Ltd will deliver trainer aircraft and helicopters to the Indian Air Force and Pawan Hans. The handover ceremony is scheduled for September 18 in Bengaluru, with key ministers attending. This event highlights India's growing self-reliance in aerospace and defence manufacturing capabilities. The induction of these platforms aims to strengthen domestic aerospace and reduce foreign dependence. Senior officials from defence and civil aviation ministries will also be present.
Landmark NSE IPO threatens to hollow out India shadow market
The National Stock Exchange's upcoming IPO will significantly boost India's primary market. This listing is expected to cause a major decline in the booming unlisted shares trade. Platforms facilitating these transactions must now find new investment opportunities. Wealthy individuals and funds previously bet on companies in the listing pipeline. The unlisted market saw growth with companies like Sterlite Electric and Garuda Aerospace.
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