DEFENCE MANUFACTURING
IndusBridge raises Rs 2,000-crore fund for defence bets
IndusBridge Ventures has triumphantly raised Rs 2,000 crore, a remarkable achievement in the realm of private equity focused on defence. Co-founders Ravi Kapoor and Rahul Devjani intend to channel this funding into Indian defence firms, aiming to harness the increased global defence budgets and support India's efforts towards self-reliance. Kapoor forecasts that defence exports could soar to ₹50,000 crore soon, enhancing the security technology supply chain.
As India Inc wants staff to dress the part, uniforms become all the rage
India's B2B apparel market is experiencing significant growth, expanding to $2.1 billion in just five years. The demand for uniforms spans various sectors including healthcare, hospitality, and security services. Growth is driven not only by traditional industries but also by the emerging gig economy of delivery and home-service professionals. These workers require distinctive uniforms that enhance their identity and instill consumer confidence.
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.
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.
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.
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Rajnath Singh to lay foundation stone for Shakti engine facility at HAL in Odisha's Sunabeda
Defence Minister Rajnath Singh is set to lay the cornerstone for state-of-the-art Shakti engine facilities in Koraput on October 6. After a stop at Hindustan Shipyard in Visakhapatnam, Singh will emphasize enhancing India’s self-sufficiency in military engine production, cutting down on imports. HAL’s Koraput unit has been instrumental in crafting engines for modern fighter jets, with rigorous security protocols arranged for his arrival.
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.
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.
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.
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.
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.
Nifty valuations near post-Covid lows. Alchemy Capital’s Alok Agarwal explains what investors should buy now
Nifty valuations have reset sharply from 2024 levels and are now near post-Covid lows, says Alchemy Capital’s Alok Agarwal. He sees the next phase of market growth broadening beyond large caps. Mid- and small-caps, AI infrastructure, healthcare, manufacturing and select defence companies offer opportunities, while global yields and FPI flows remain key.
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.
Kotak warns small and midcap euphoria may turn sour as investors chase quick returns
India’s stock market shows a sharp divide, with investors favouring small and midcaps despite stretched valuations while overlooking relatively attractive largecaps. Kotak Institutional Equities says price momentum and popular growth narratives are driving sentiment more than underlying value and fundamentals.
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.
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.
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.
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.
Taiwan must deepen drone cooperation with democratic partners, president says
Taiwan's government has made defence modernisation and increased spending a core policy given stepped-up military pressure from China, which views the democratically governed island as its own territory.
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.
Tonbo Imaging India gets SEBI nod for IPO; defence electronics maker offers over 1.8 crore shares
Tonbo Imaging has received SEBI approval for its proposed IPO, comprising an offer for sale of up to 18.09 million shares. The defence electronics maker has a global footprint, with more than 28,000 systems deployed across 24 countries.
India working towards developing sixth-generation fighter jets: Defence Minister Rajnath Singh
Union Defence Minister Rajnath Singh announced that India is developing sixth-generation fighter jets. He said modern warfare encompasses multiple domains and is not restricted to soldier versus soldier. The minister also said that India successfully conducted a flight trial of a long-range hypersonic missile as well as testing a long-duration scramjet engine.
UP now investor-friendly; earlier had to hold investment meet in Delhi due to law and order: Amit Shah
Amit Shah praised the current investment climate in Uttar Pradesh during the Uttar Pradesh International Trade Show. He noted that the state faced law and order issues in the past, discouraging investors. The Union Home Minister emphasized improvements in economic growth despite global challenges, with initiatives like One District One Product creating jobs. Shah highlighted local products gaining recognition and advancements in defense manufacturing capabilities.
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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