INDIA DEFENCE PROGRAMMES
India to widen services production index to include education, health and defence
The statistics ministry plans to expand the monthly Index of Services Production to cover education, healthcare, public administration and defence, raising its coverage to 78.4% of services GVA from about 60%. The proposed framework could use UPI transaction data to track private education and healthcare activity and government expenditure data for public services.
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.
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 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.
School Assembly News Headlines, October 6, 2026: Check national, international, business, sports updates and thought of the day
School assembly news headlines October 6, 2026, cover major developments from India and around the world, including diplomatic ties, immigration, the Russia-Ukraine war, foreign worker visa rules, cricket updates and key business developments. The roundup also features a Thought of the Day by Nelson Mandela, giving students a concise mix of current affairs and inspiration for the morning assembly.
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.
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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.
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.
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.
India may finalise 114 Rafale fighter jet deal with France by current financial year: IAF chief
India is planning to finalize a significant multi-role fighter aircraft deal by the end of this financial year. The proposed acquisition involves purchasing 114 Rafale fighter jets to enhance the Indian Air Force's capabilities. Current negotiations are focused on price and other important issues related to the procurement. The Chief of Air Staff emphasized the need for increased air power and self-reliance in manufacturing capabilities.
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.
Putin praises Modi’s ‘good ideas’ for peaceful resolution of Ukraine conflict
Vladimir Putin acknowledged Narendra Modi's commitment to ending the Ukraine conflict and praised his ideas for resolution. Modi has maintained a humanitarian stance while advocating for dialogue to achieve peace. The Russian President expressed gratitude for Modi's ongoing support to resolve the situation. Both leaders have discussed enhanced cooperation in various sectors during their recent meetings. Modi indicated India's willingness to aid in meaningful peace efforts between the involved parties.
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.
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.
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.
India's fighter jet engine efforts get a big boost: Desi Kaveri engine clears key step in Russia, ready for integration with stealth UCAV ‘Ghatak’
India's Kaveri dry engine has completed high-altitude and flight trials in Russia, recording 48.5 kN of peak dry thrust against its target of 46 kN. Developed by DRDO, the engine is intended for India's planned Ghatak stealth UCAV.
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.
LCA Mk2, AMCA first flight dates confirmed: Defence Secretary reveals timeline for India’s next-gen fighter jets
India's LCA Mk2 medium weight fighter prototype is expected to fly by September 2027. The country's Advanced Medium Combat Aircraft, or AMCA, is targeted for its first flight in September 2028. Defence Secretary Rajesh Kumar Singh provided clear timelines for these military aircraft programs. Test flights are set to occur between June and September next year. These developments are crucial for enhancing India's air combat capabilities against regional threats.
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.
Embraer says Mahindra will be its partner for IAF's 60 transport plane tender, to partner with Adani for commercial planes
Brazilian aerospace firm Embraer has partnered with Indian Mahindra Group for the Indian Air Force's transport aircraft programme. The partnership will involve offering Embraer's KC-390 jet as a solution to replace older aircraft. Embraer has highlighted the KC-390's superior performance compared to the C-130J offered by Tata-Lockheed Martin. The company plans to expand its supply chain and maintenance operations from India to support global requirements.
Orbital Shift: India's space sector undergoing biggest transformation; pvt firms handle rockets, ISRO focus on more ambitious missions
India's space sector is undergoing significant changes as private companies engage in rocket production and management. The Indian Space Research Organisation is shifting its focus towards more ambitious missions and projects. This transition follows the introduction of the Indian Space Policy 2023, which emphasizes private sector participation. Concerns have been raised by ISRO employees regarding the agency's future and potential loss of capabilities.
Envoys of six nations including Finland, EU present credentials to President Murmu
Jean-Eric Paquet, the new European Union Ambassador to India, presented his Letters of Credence to President Droupadi Murmu. The ceremony marks a significant step in the evolving EU-India strategic partnership, focusing on trade and security. Key initiatives include negotiations on a Free Trade Agreement and a Security and Defence Partnership. Both sides aim to enhance cooperation in technology, investment, and sustainable development.
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.
Defence ministry signs Rs 811 crore deal with BDL for 160 satellite-guided anti-airfield weapons
The Ministry of Defence signed a contract worth Rs 810.79 crore with Bharat Dynamics Limited on Wednesday. This contract involves the procurement of 160 Satellite Smart Anti Airfield Weapons for the Indian Air Force. The weapon system, designed by the Defence Research and Development Organisation, features 60% indigenous content. It will be deployed on aircraft such as the Jaguar, Hawk, and Su-30 MKI.
From fabrics to fighter jets: Raymond moves into fighter aircraft assembly
Raymond Ltd has announced an expansion into aircraft structures with its subsidiary JK Maini Global Aerospace. The subsidiary won a tender to assemble wing and centre-fuselage structures for a fighter aircraft programme. This strategic move aims to enhance the company's capabilities without substantial investments in new infrastructure. The programme will enable the subsidiary to establish credentials for larger aerospace projects.
India's new drone killer: DRDO starts production process of a mobile weapon that can destroy drone swarms 5 km away
India is preparing to move its indigenous 30kW-class laser weapon towards production. DRDO plans to seek an industry partner for the truck-mounted system within six days, which can target drone swarms, UAVs and surveillance sensors at ranges of up to 5 km.
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