DEFENCE INDUSTRY IN INDIA
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.
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.
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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.
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.
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.
Navigating the future of connectivity and security: A guide to the Suraksha Pillar at IMC 2026
The India Mobile Congress 2026, taking place from October 7 to 10, emphasizes the Suraksha venue, dedicated to advancing digital infrastructure, next-gen connectivity, and robust cybersecurity. Attendees will benefit from various sessions including panels on spectrum management and satellite communications, culminating in an insightful summit on cybersecurity led by prominent industry leaders.
'Needs to be invited to Israel': Ex-Dy FM Sharren Haskel seeks Medal of Honor for Capt Machchhar after Flydubai attack
Captain Smit Machchhar displayed remarkable bravery by thwarting an attack from his co-pilot during a flight. His courageous actions undoubtedly saved the lives of 180 passengers on board. Former Israeli Deputy Foreign Minister Sharren Haskel recommended that Machchhar receive Israel's Medal of Honour for his incredible efforts. Prime Minister Narendra Modi also applauded the captain's composure during the crisis in a video call.
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.
India-US trade deal 'not imminent' as 'sticking points' stay, USTR Greer says
US Trade Representative Jamieson Greer said the Trump administration is working with India to finalise a bilateral trade deal, but an agreement is not imminent. Greer said he had a “very constructive conversation” with Commerce Minister Piyush Goyal at the G20 trade ministers meeting and that officials remain engaged.
Piyush Goyal, US trade envoy Greer discuss early conclusion of India-US interim trade deal
Commerce Minister Piyush Goyal held a “productive discussion” with US Trade Representative Jamieson Greer on early conclusion of a mutually beneficial interim trade agreement between India and the US. The meeting came alongside PM Narendra Modi’s conversation with President Donald Trump and Goyal’s participation in the G20 trade ministers’ meeting.
Mr Prez, use your discretion wisely
Narendra Modi and Donald Trump discussed trade, energy, and defense, focusing on Russian oil sanctions. India is concerned about the economic impact of potential tariffs on its energy purchases. Both countries must consider their strategic relationship amid differing national interests and economic realities.
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.
'Very good call': US Ambassador Sergio Gor on PM Modi-Trump telephonic conversation
Modi and Trump engaged in a telephone conversation reviewing bilateral cooperation. They discussed trade, defense, energy, and critical technologies during the call. Both leaders reaffirmed their commitment to advancing the India-US Comprehensive Global Strategic Partnership after evaluating ongoing regional and international developments. EAM S Jaishankar indicated progress on a mutually beneficial trade deal while addressing tariff concerns.
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.
New steel policy draft ready, to set 2047 road map: Secretary
The government is revisiting the current national steel policy 2017 to address major changes in the sector in the past decade including AI, machine learning, technology upgradation, decarbonisation and greater policy focus on sustainability.
'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.
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.
DRDO, CSIR-CGCRI join hands on Rs 50-crore project to develop lighter bulletproof glass
The Defence Research and Development Organisation and CSIR-Central Glass and Ceramic Research Institute are collaborating on an advanced project. This project aims to develop indigenous lightweight bulletproof glass technology for armored vehicles. It seeks to replace imported materials while reducing weight and thickness by up to 50 percent. Initial tests have shown promising results against rifle fire, and further multi-shot testing will follow.
DRDO signs first deep-tech pact with Zero mK India for indigenous dilution refrigerator
DRDO has signed an agreement with Zero mK India for the development of a dilution refrigerator. This project will support quantum applications and enhance India's technological capabilities. The agreement is part of a larger Rs 500-crore initiative for deep-tech innovations. Monitoring will be conducted by the director of DRDO's Solid State Physics Laboratory and his team. This collaboration aims to reduce dependence on foreign cryogenic infrastructure for quantum technologies.
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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