DEFENCE PRODUCTION INCREASE
Govt looks to widen coverage of Index of Services Production, invites feedback
MoSPI began compiling the ISP on a monthly basis for the formal services sector on a trial basis in July 2026. The exercise uses 2024-25 as the base year and was designed to provide a higher-frequency measure of services-sector performance.
Indian Navy to get 43,500-tonne ‘Surya’ ship as Rajnath Singh lays keel at HSL in Visakhapatnam
Defence Minister Rajnath Singh on Tuesday inaugurated major shipbuilding and maritime infrastructure projects at Hindustan Shipyard Limited in Visakhapatnam. He launched the Indian Navy’s first Fleet Support Ship, ‘Surya’, laid the keel for FSS-5 and inaugurated an upgraded slipway and 300-tonne Goliath crane capable of supporting construction of vessels up to 45,000 DWT.
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.
India, Switzerland sign migration pact, expand trade, investment and defence ties
India and Switzerland have signed a migration and mobility partnership pact and expanded market access for Indian exports. Prime Minister Narendra Modi and Swiss President Guy Parmelin discussed deepening cooperation in nuclear energy and defence. Both nations aim to boost bilateral trade and investment ties following the recent Trade and Economic Partnership Agreement. New opportunities will also emerge for Indian students and professionals in Switzerland through the agreements.
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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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.
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.
IAF chief hints at foreign fifth-gen fighter option if AMCA is delayed, cites Russia's Su-57 offer
IAF chief Air Chief Marshal Amar Preet Singh has indicated that India could examine foreign fifth-generation fighter options if the indigenous AMCA programme is delayed. Russia has offered its Su-57 fighter, although Singh said no decision has been taken. The IAF is also seeking to expand its fighter fleet as squadron strength remains below the authorised level.
G20 ministers discuss curbing impact of govt-backed excess manufacturing capacities: Piyush Goyal
G20 trade ministers focused on preventing unfair manufacturing practices caused by government-supported large production capacities. Discussions included addressing predatory pricing and overcapacity threatening fair trade in countries like India and the US. Commerce and Industry Minister Piyush Goyal highlighted India's advantages for data centers, including low costs and tax benefits. He emphasized that India's renewable energy availability further enhances these advantages for global investors.
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.
ET Alpha Wealth Summit 2.0: Decoding the new investment landscape and shift in smart money
Transformations in the global economy are reshaping how investors allocate capital and devise strategies. Geopolitical conflicts and tech rivalries are challenging conventional wisdom, leading to heightened interest in markets such as India, Southeast Asia, and the Gulf states. Strategic investments in infrastructure and commodities have gained importance. The upcoming ET Alpha Wealth Summit aims to delve into these transformative investment trends.
Global factory activity boosted by AI spending boom
As AI investments surge, manufacturing activity in Europe and Asia grows noticeably. India boasts significant expansion in its manufacturing sector, boosting business confidence and supporting hiring efforts. Meanwhile, South Korea and Taiwan are experiencing a revival in factory operations, driven by semiconductor and automotive demands.
Ashok Leyland just had a record June quarter. So why did the margin fall a full point?
Ashok Leyland's June-quarter has an unusual contradiction. The company sold 48,763 commercial vehicles, its highest-ever first-quarter volume, and revenue from operations rose 10.43% to Rs. 9,634 crore. Yet, the operating EBITDA was Rs. 970 crore, almost the same as a year earlier. The Q1 FY 27 result must, therefore, be understood not in terms of greater demand, but in terms of why the record volumes and revenue did not lead to an increase in operating earnings.
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.
Beyond the 7% headline: S&P maps the forces driving India’s next growth phase
India’s economy is set to grow 7% in FY27, according to S&P Global, which sees domestic demand, private investment, manufacturing, trade, energy security, renewable power, digital infrastructure and technology shaping India’s next phase of economic growth.
The next era of cybersecurity is hyper -consolidated cyber defence
For years, enterprise cybersecurity has followed a familiar pattern. Every new threat has been met with another security product. Networks, endpoints, identities, cloud environments, email, applications and digital assets have each acquired their own layer of protection. Individually, these investments have strengthened security. Collectively, they have created an ecosystem that is increasingly difficult to manage.
Adroit Industries shares make stellar debut, list at 87% premium over IPO price
The Rs 150.71-crore Adroit Industries IPO was a book-built issue comprising a fresh issue of 98.97 lakh shares aggregating to Rs 132.62 crore and an offer for sale (OFS) of 13.50 lakh shares worth Rs 18.09 crore. The company had fixed the IPO price band at Rs 126-134 per share.
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.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25% according to analysts
The coming earnings season will reflect the impact of the bad monsoon, higher oil prices, and, in pockets, higher inflation. Given that, in terms of valuation, stocks are still not cheap, the risk to the market stays high. But that is in the short term. But then who said investing is only about the short term?
ET AI Awards 2027: 40+ categories across Innovation, Functional Excellence, Leadership and Emerging AI
The ET AI Awards 2027 return for the second edition, recognising organisations, teams, and leaders driving measurable impact through applied AI. With 40+ categories across 4 tracks, the awards cover AI Innovation, Functional Excellence, Leadership and emerging applications across startups, SMEs and enterprises, evaluated through a structured, expert-led process.
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.
Deccan Gold shifts from exploration to gold production, builds critical-mineral portfolio
Deccan Gold Mines is evolving from exploration into production, investing approximately Rs 600 crore in recent projects. The Jonnagiri Gold Project has ramped up production, yielding about 89.7 kg of gold in the first quarter. In Kyrgyzstan, the Altyn Tor Gold Project has initiated early commercial operations, creating 400 local jobs. The company plans to expand into critical minerals such as nickel and lithium, diversifying its portfolio.
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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