NUCLEAR ENERGY ADVANCEMENTS
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.
US warns foreign financial institutions not to do business with Iran
On October 5, 2026, the US Treasury issued a warning to foreign financial institutions regarding transactions with Iran. It stated that such activities could result in immediate sanctions without warning if not terminated. Increased military actions against Iran have heightened tensions in the Middle East and impacted global energy prices. Additionally, the US has imposed various sanctions on Iran’s financial and manufacturing sectors to isolate the country economically.
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.
US has deliberately become a ‘lonelier power’, China’s rise reshaping global order: Jaishankar
External Affairs Minister S. Jaishankar emphasized the changing nature of global politics at the Munich Security Conference. He noted that the US has become a lonelier power due to its repositioning and China's emergence. Jaishankar highlighted the importance of India-Russia ties amid these developments, mentioning defense and economic collaboration. He also pointed out the need for cooperation among emerging powers while maintaining relations with the US and China.
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.
Sanctions, tariffs turn into policy instruments, sometimes weaponised: P K Mishra
P K Mishra highlighted the impact of geopolitical tensions on global markets and economic vulnerabilities. He mentioned that India is diversifying its energy imports to reduce vulnerabilities and ensure economic stability. The need for macroeconomic resilience through fiscal space and adequate foreign reserves was also emphasised. Mishra pointed out the importance of critical minerals for the future of advanced manufacturing and sustainability.
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Iran readies harder retaliation if attacked as diplomacy faces long odds
Iran is intensifying its military response planning amid fears of US military escalation in the region. Senior commanders are considering broader targets beyond US-linked assets in their strategic discussions. Diplomatically, Iran has proposed a plan through Qatari mediators to halt fighting and resume oil exports. Economic pressures and fears of unrest within Iran complicate the situation for the leadership.
Why is market falling today? Sensex slumps 700 points, Nifty below 22,600. 8 key factors rattling D-Street
Stock market Down Today: On Tuesday, the Indian stock market faced a substantial downturn. This sharp decline came after a previous drop exceeding 1.5% the day before. A staggering Rs 4 lakh crore was wiped off in market capitalisation, as investors reacted to rising oil prices and climbing bond yields.
Global Market Today: Asian shares mixed as surging oil, Treasury yields weigh
Equity-index futures for Asia were mixed, while contracts for US stocks edged higher after the S&P 500 erased its advance for the month and the Nasdaq 100 fell 1.1%.
Foreign Secy Vikram Misri meets US Congressional delegation, discusses Russia Sanctions Bill and strategic ties
Foreign Secretary Vikram Misri recently met a bipartisan US Congressional delegation led by Representative Brian Mast. Discussions included the Sanctioning Russia and Iran Act and the trajectory of India-US relations. Misri previously held discussions focusing on critical technologies and energy security during the United Nations General Assembly. Cooperation topics featured in the meetings also encompassed semiconductors and civil nuclear initiatives.
How Trump's diplomatic week exposed the limits of his power
US President Donald Trump sought to project diplomatic strength through his UN address and summit with Chinese President Xi Jinping, but the week produced limited breakthroughs. The Iran war, strained ties with allies, Ukraine and the US-China relationship continue to challenge his foreign policy agenda, according to Reuters and analysts.
Allies unite behind Saudi Arabia as Houthis step up attacks
Saudi Arabia, Turkey and Pakistan will hold an urgent, high-level meeting under a joint defence pact to discuss ways to support the kingdom amid attacks by Yemen's Iran-aligned Houthis, while Tehran sought to distance itself from the
Trump-Xi dinner: Elon Musk, Jeff Bezos, Sam Altman, Huang, Nadella among star-studded guest list
Billionaires and leaders from the technology sector gathered at the White House for a state dinner. This event hosted Chinese President Xi Jinping and his wife, Peng Liyuan, with various US officials. The discussions included trade, artificial intelligence, and strategic issues between the two nations. Trump highlighted his friendship with Xi during the dinner and emphasized mutual cooperation.
US-China AI talks: A two-power bargain that could leave the world with no say
Donald Trump has rejected international regulations on artificial intelligence while preparing for a critical summit with Xi Jinping. Discussions are expected to focus on AI safety and protecting intellectual property rights amidst rising geopolitical tensions. The contrasting approaches of the US and China highlight differing strategies for AI development and distribution. Both countries are wary of the inherent risks yet reluctant to address global repercussions.
US Department of War holds Energy Innovation Expo; showcases latest power generation and transmission technologies
The US Department of War (DOW) held the Energy Innovation Expo which showcased the latest power generation and transmission projects to support the rising needs of United States’ defence technologies. Assistant Secretary of Defence for Energy, Installations and Environment spoke about the DOW's key energy focus areas: the Golden Dome, Nuclear Energy, space and energy superiority and the solutions to answer the challenges posed in these fields.
Sen. Bernie Sanders unveils bill to ban artificial superintelligence and create Department of AI
Senators Bernie Sanders and Greg Casar have put forward pivotal legislation aimed at banning superintelligent AI and controlling advanced AI development. The bill proposes creating a federal agency tasked with overseeing safety measures and pausing ongoing AI projects. Despite strong backing from certain AI sector employees, the initiative may struggle against a Republican-led Congress.
Sitharaman urges India Inc to resolve differences before taking disputes to court
Finance Minister Nirmala Sitharaman urged Indian corporates to strengthen internal governance, engage constructively with regulators and resolve disagreements before resorting to litigation. She also called for higher private-sector R&D spending, stronger management capabilities, resilient institutions and more inclusive business models to support India’s growth towards Viksit Bharat by 2047.
As Chinese threat grows, Japan keeps the door open for nuclear-powered submarines
As China threatens its security, Japan is keeping open the option of acquiring nuclear-powered submarines to strengthen its maritime defense. This was highlighted by Japanese defense minister earlier this month, signaling an approach that could dramatically improve Japan's naval operations. But, Japan faces a slew of financial and legal challenges before any acquisition becomes a reality.
North Korea's Kim Jong Un hails 'new-type weapon' days after missile launch
North Korea's leader oversaw a new weapon system test on Sunday. This demonstration showcased the country's advancing military technology and preparedness. The test followed recent short-range missile launches into regional waters. South Korea and Japan condemned these actions as threats to peace. North Korea maintains its nuclear weapons status is permanent and irreversible.
Vaishnaw flags AI safety; Moneyview’s IPO, investor gains
AI companies need to ensure their products are safe, union minister Ashwini Vaishnaw told us. This and more in today’s ETtech Top 5.
Six Indian American students named 2026 Davidson Fellows, win $25K-$100K scholarships
Six Indian American students have been named 2026 Davidson Fellows Scholarship recipients, winning awards of up to $100,000 for their projects. The students have worked on research spanning aviation safety, citrus greening disease, black holes, nuclear energy, malaria prevention and drug discovery. Here is what the scholarship recognises and what their projects involve.
India’s per capita carbon emissions below half global average; developing nations wrongly blamed: PM Modi
Prime Minister Narendra Modi stated India's per capita carbon emissions are less than half the global average. He highlighted India's significant progress in environmental protection over the past twelve years. Renewable energy has been a major focus area for the nation's development. India is the only G20 country to fulfill Paris climate agreement commitments ahead of schedule. The nation draws on historical guidance to address current climate challenges.
US, China security experts propose nuclear-style safeguards for AI risks
The experts, part of a US-China dialogue whose work helps inform official discussions, are urging both governments to prepare for such scenarios amid rising concerns about increasingly powerful and more autonomous systems.
Pakistan abandons Mecca pact ally Saudi Arabia in fight against Houthis in Bab el-Mandeb Strait. Kingdom reaches out to rival Israel for help
Saudi Arabia has indirectly approached Israel for intelligence assistance against the Houthis through US Central Command, despite not recognising Israel or maintaining diplomatic ties with it. The outreach comes as Houthi forces impose a maritime blockade threatening Saudi economic and energy interests, while Pakistan, a partner in the Mecca defence pact with Riyadh and Türkiye, has not committed to immediate military action.
India highlights energy security, clean power and emerging tech at G20 Energy meeting in Houston
India's Union Power Minister Manohar Lal Khattar addressed G20 energy meetings. He highlighted India's significant progress in energy security and clean energy expansion. The minister also discussed regulatory efficiency improvements and digital platforms used. Bilateral talks focused on emerging energy technologies and cooperation with US and Canada. India reaffirmed its commitment to a balanced and future-ready energy strategy.
Global Market: European shares recover as oil rally pauses ahead of Fed decision
European shares recovered after two sessions of losses as a pause in oil prices eased pressure on risk assets ahead of the Federal Reserve's policy decision. Banks led gains, while investors tracked bond yields, inflation concerns and geopolitical developments.
India-Vietnam defence partnership gets a major push: Joint production of military hardware planned as both nations strengthen Indo-Pacific security ties
India and Vietnam are set to strengthen their defence partnership through joint production initiatives while also working to boost bilateral trade, strengthen supply chains and expand market access. The two countries will deepen cooperation in air connectivity, nuclear energy and space, while reaffirming their commitment to greater regional cooperation and addressing maritime security challenges.
From Uzbekistan to Canada: A look at India’s global uranium hunt
India is accelerating its nuclear power expansion to reach 100 GW by 2047. This ambitious goal necessitates securing substantial uranium supplies from global sources. New agreements with Uzbekistan, Australia, and Canada are diversifying fuel procurement strategies. Domestic policy changes now permit private companies to enter nuclear power generation. This dual approach aims to ensure fuel availability for future reactor capacity.
India has done a great job in hosting BRICS summit, says UAE
The UAE's BRICS Sherpa praised India's successful chairship of the 18th Summit. Leaders unanimously adopted the New Delhi Declaration, addressing West Asia tensions. The declaration emphasized dialogue and diplomacy for lasting regional peace and stability. Gulf tensions' impact on energy supplies was discussed, stressing de-escalation efforts. BRICS also called for implementing UN resolutions on Gaza and a lasting solution.
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