DEFENCE INDUSTRY
DRDO conducts maiden live jump of Advanced High-Altitude Parachute system
The Defence Research and Development Organisation marked a significant milestone with the successful live jump of the Advanced High-Altitude Parachute at Nyoma drop zone in Ladakh, soaring at an altitude of 13,700 feet. This jump not only showcased the parachute's capability for high-altitude tactical missions, but also its safety features.
DRDO carries out flight trial of indigenously-developed high-altitude airship platform
The Defence Research and Development Organisation marked a significant achievement with its successful flight trial of a cutting-edge airship platform. Designed for extended aerial surveillance, the airship reached an impressive altitude of 21 kilometers and sustained a height of 20 kilometers for more than thirty minutes. Throughout the flight, real-time data was collected, illustrating the platform's effectiveness.
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.
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.
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.
Semiconductor push, govt support driving EMS sector's growth, but valuation remains a concern: How 3 stocks with most buy calls are placed
Investor enthusiasm around the sector is visible in the performance of nine EMS stocks covered by multiple brokerages. The group has delivered an equal weighted average return of 55.3% so far in 2026, compared with 1.1% for the Nifty 500 Equal Weighted Index. Seven of the nine stocks have delivered posi tive returns, while three have gained over 100%. The analysis is based on closing prices as of 28 September 2026.
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Trump forms 'Super Intelligence Force' to cement US dominance in next-gen AI
In a post on Truth Social, Trump wrote, "Following the Historic White House Accord on Super Intelligence, where the World's most important Technology Companies came together, and confirmed their responsibilities to the American People, I am announcing the formation of the Super Intelligence Force (SIF)."
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.
EU, China to hold Beijing talks this week to avert trade war
EU trade chief Maros Sefcovic is set to visit Beijing for crucial discussions regarding trade relations. As European leaders express concerns about unfair competition from Chinese industries, a potential trade war looms. The EU aims to reduce its significant trade deficit with China, which reached around 360 billion euros last year. Sefcovic seeks action on export surges from China and plans to enhance EU's trade defense measures.
Germany's Merz arrives in Kyiv to finalize drone deal, release aid
German Chancellor Friedrich Merz arrived in Kyiv with defence industry executives as Russian attacks on Ukrainian cities intensified. Germany is set to announce €1 billion in military aid and €350 million for energy repairs, while Berlin and Kyiv are expected to finalise agreements on joint drone production and deeper weapons cooperation.
Jaishankar says India-EU FTA will be a "real game changer" for ties
India and the European Union are working towards a Free Trade Agreement that aims to strengthen their economic ties. External Affairs Minister S Jaishankar highlighted various sectors including technology, defense, space, and climate as key areas for cooperation. The agreement is expected to facilitate regulatory alignment and increase business comfort in both regions.
As ‘world architecture’ changes, Jaishankar calls for middle powers to pool resources
External Affairs Minister S Jaishankar called on emerging and middle powers to pool diplomatic, economic and technological resources as global alliances and institutions undergo change. Speaking at the Munich Leaders Meeting 2026, he identified peace and security, supply chains, healthcare, connectivity, climate action, defence, advanced manufacturing and space as key areas.
Russia to intensify strikes on Ukraine after Zelenskiy interview
Russia has warned it will intensify strikes on Kyiv and other parts of Ukraine after Ukrainian President Volodymyr Zelenskiy vowed to step up attacks on Russian oil refineries. Moscow said it would target military facilities, defence industry sites and related infrastructure, while Kyiv has accused Russia of escalating strikes on the capital. Both sides deny targeting civilians.
Egypt navigates Mecca pact, steps up ties with India
President Abdel Fattah el-Sisi of Egypt met Indian Prime Minister Narendra Modi to deliberate over the Mecca Pact. Their talks centered on fostering robust bilateral strategic partnerships, amid Egypt's choice to refrain from joining the defense pact. Observers remark that the Mecca Pact's relevance is questionable due to a shared enemy's absence. Nonetheless, Egypt positions itself as a crucial stabilizing force within the region.
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.
China initiates anti-dumping investigation into p-nitrotoluene from EU
China's Commerce Ministry has launched an anti-dumping investigation concerning p-nitrotoluene imports from the European Union. This decision follows a complaint from the domestic industry regarding significant price drops. Preliminary evidence indicates EU import prices fell nearly 60% cumulatively between 2022 and 2025. The investigation reflects increasing trade tensions between China and the European Union.
Fight AI with AI, Thales CEO tells cybersecurity gathering
Caine was presenting new cybersecurity tools including software protection against AI-powered attacks or a partnership with Google Cloud to help companies work safely with AI.
US Navy awards $24.4 billion to accelerate production of Standard Missile-6
The US Navy has secured a deal worth up to $24.4 billion with Raytheon to ramp up production of Standard Missile-6 interceptors over five years. The Pentagon says the agreement will increase SM-6 inventory, strengthen vulnerable supply chains and give defence contractors greater certainty to expand factories and workforce. The deal is part of Washington’s broader push to accelerate critical munition production.
India, Bulgaria review bilateral ties; push for early India-EU FTA
India and Bulgaria have called for early implementation of the India-EU free trade agreement, saying it could significantly deepen bilateral economic ties. The two sides also reviewed cooperation in trade, investment, AI, space, defence, science and technology, while discussing wider regional and global issues.
BrahMos missile system to see over USD 600 million exports, is benchmark for India's emerging export story: Defence Secretary
Defence secretary Rajesh Kumar Singh hailed the BrahMos cruise missile as India's emerging export story, with exports to cross $600 million. He pointed out the major export destinations of the missile and highlighted the weapon's performance during Operation Sindoor. Defence exports touched an all-time high of Rs 38,424 crore in FY 2025-26, seeing an increase of Rs 14,802 crore (62.66%) over the previous fiscal year's figure of Rs 23,622 crore.
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.
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.
US awards $21 billion missile contract to RTX’s Raytheon as it looks to replenish stocks amid ongoing conflict with Iran
The US has moved to significantly increase production of AMRAAM missiles after awarding Raytheon a multiyear agreement valued at $20.7 billion. The weapon is used by fighter jets for air-to-air engagements and by NASAMS for ground-based air defence. The planned expansion includes higher annual output, but the full contract value remains dependent on funding from Congress.
Visa joins growing alarm over AI-powered risks
Visa has open-sourced part of its AI-powered cyber defence system after "humbling" lessons from vulnerabilities exposed by AI models. Its President of Technology, Rajat Taneja, told Reuters the company had made its cyber defence system available as open-source software after weaknesses exposed by Anthropic's Mythos AI model earlier this year highlighted the scale of the challenge.
EU members approve five big pan-European defence projects
EU members approved five major defence projects which now become eligible for EU funding to enhance security. These projects include a focus on drone warfare and protective measures for Europe's Eastern flank. An integrated maritime defence project along with air and missile defence initiatives were also approved. Funding worth €325 million is allocated under the European Defence Industry Programme for these projects.
From pickups to idle plants: automakers seek lifeline from defence boom
Western automakers are increasingly looking at defense contracts as a way to boost revenues and utilize excess capacity. Companies like Ford, GM, and Jaguar Land Rover are bidding for military vehicle contracts. Despite these efforts, executives express skepticism about the financial impact on overall revenues. Automakers are offloading surplus factories to defense manufacturers due to the growing demand for military production.
West Bengal govt allots 256 acres to Jupiter Defence for large-scale integrated defence manufacturing facility
The facility is expected to become West Bengal’s first major defence manufacturing unit, creating an industrial base for defence production while generating employment and opportunities for local businesses and ancillary industries.
Bharat Dynamics shares rise 2% in a weak market after bagging Rs 811 crore order from Ministry of Defence
Bharat Dynamics shares gained 2% after the Defence Ministry awarded an Rs 810.79-crore contract for 160 SAT-SAAW weapons and associated equipment for the Indian Air Force, adding to the company’s order visibility amid rising defence spending.
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