INDIA 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.
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.
'Great achievements already made': Swiss President Parmelin on India-EFTA trade pact's first year
The India-European Free Trade Association Trade and Economic Partnership Agreement has been effective since its implementation a year ago. Swiss President Guy Parmelin stated that strong interest from companies has been evident in various sectors. This agreement is expected to significantly enhance bilateral trade and attract long-term investment. Additionally, Switzerland seeks to strengthen cooperation in business and technology during the President's current visit.
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.
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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.
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.
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.
When every number is a risk, the watchlist matters more than the buy list: 5 mid-cap stocks with upside potential of up to 26%
There are times when the market forgives a weak quarter, and there are times when it does not. We are now in the second kind of market. The cushion that softened bad news a few months ago has gone, and the coming Q2 results will carry burdens that the earlier ones did not. So, before looking at any stock, remember this: The odds of a sharp fall because of any disappointment are higher now than they have been in a while.
Largecaps face investor apathy, mid and smallcaps fuel euphoria: Kotak Institutional Equities
Investor sentiment towards large-cap stocks is currently apathetic, despite improved valuations in the market. Retail investors are increasingly enthusiastic about mid- and small-cap stocks, enjoying recent positive developments in those sectors. The ongoing West Asia conflict and declining stock prices contribute to investor despair among large caps. Meanwhile, small and mid-cap sectors attract retail investors due to their potential for quick returns.
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.
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.
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.
India-US trade deal: Productive discussion with USTR Greer on early conclusion of interim agreement, says Piyush Goyal
Commerce Minister Piyush Goyal engaged in talks with US Trade Representative Jamieson Greer for a trade agreement. Their discussion occurred during the G-20 Trade Ministers' meeting in Milwaukee, where they addressed bilateral trade issues. Prime Minister Narendra Modi also spoke with the US President to discuss cooperation in various sectors. The trade pact is anticipated to progress once India is provided with competitive advantages in the US market.
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!
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.
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.
Midwest Energy to set up Rs 250-crore rare earth magnet plant in Hyderabad
Midwest Energy is setting up India’s first sintered NdFeB magnet plant in Hyderabad, with commercial production expected to begin by mid-October at an initial capacity of 500 tonnes a year. The company plans to scale capacity to 5,000 tonnes by December 2027, aiming to reduce India’s near-total dependence on imported rare-earth permanent magnets.
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.
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