TECHNOLOGY CONTRACTS INDIA
IZI Enterprise secures DRDO order for VANA
IZI, a drone company based in Bhopal, has secured an order from DRDO's PXE. The order is for the supply and deployment of IZI VANA Surveillance Drones. These drones will assist in aerial photogrammetry, surveillance, and data collection.
The economics of India's biggest export industry goes topsy-turvy
India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.
Indian Navy to get BrahMos launchers, fire control systems in Rs 661 cr deal
The Ministry of Defence has signed a Rs 661.50 crore contract for BrahMos Fire Control Systems and launchers. The systems will be fitted on Indian Navy warships for maritime strike operations. This contract aims to strengthen India's maritime security and enhance defense capabilities while promoting indigenisation. It includes a minimum indigenous content of 68% and supports participation from Indian industries.
SRIT India shares list at 14% premium over IPO price on NSE
SRIT India made a strong stock market debut, listing at a 13.85% premium on NSE and 7.54% on BSE. The Rs 218.40-crore IPO was subscribed 125.16 times overall, with the NII portion seeing 312.99 times subscription and QIB portion 91.84 times.
20,000-plus people shift as IT firms buy GCC, captive tech carve-outs
TCS’s takeover of Best Buy’s India GCC under a multiyear deal is the latest example, while HCLTech’s $10.5-million acquisition of Guardian Life’s India operations brought nearly 2,000 employees into the company under a seven-year partnership.
GST Council likely to align export definition with forex earnings, clarify on overseas branch services
The GST Council is expected to review a proposal to redefine the definition of export for services. This proposal aims to remove ambiguities related to services provided through overseas branches of Indian companies. The changes are anticipated to enhance clarity for exporters and reduce litigation regarding service supply locations. Additionally, this could benefit various sectors including IT, consulting, and engineering firms.
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AI deals seen driving medium-term growth as Indian IT sector faces muted Q2: Report
India's IT services sector is likely to see muted performance in the second quarter of FY27, but increasing traction in artificial intelligence-related deals could support growth over the medium term, Centrum said in a report.
Indian IT’s Q2 earnings dilemma deepens: More deals but weaker growth and falling pricing power
As Indian IT firms gear up for their Q2 earnings report, the landscape appears mixed. Strong deal activity persists, yet clients are pushing for higher efficiency, leading to a notable decline in revenue growth. Large IT companies may witness their weakest growth in three years, primarily due to acquisitions rather than organic expansion. Infosys is under a microscope for possible downward adjustments to its revenue guidance.
TCS, Infosys and other IT stocks in focus after Accenture Q4 revenue, outlook beat estimates
Indian IT stocks including TCS and Infosys are in focus following Accenture's strong Q4 results and above-estimate revenue guidance. While the outlook signals potential recovery in discretionary technology spending, analysts warn that Indian IT firms may still report their weakest Q2 growth in three years amid AI-led pricing pressures.
AI compute financing needs bankable contracts, lender exit rules: industry
They highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaAI Mission.
Sebi examining position limits for non-agri contracts to boost liquidity
Sebi is actively investigating position limits for non-agricultural contracts to improve market liquidity and depth. Chairman Tuhin Kanta Pandey has highlighted the importance of phased physical settlement for agricultural commodities. The organization is focused on addressing structural issues and increasing technology integration in commodity markets. Furthermore, Sebi plans to expand its educational outreach through Project Jagrook to better inform market participants.
AI breaks India’s linear growth model, but campus hiring remains weak: Nasscom’s Rajesh Nambiar
Nambiar said large IT and BPM companies have cut back on campus hiring over the last three years, which is not expected to change while the industry is in the middle of its shift to AI.
IPO Calendar: Quiet week ahead after Rs 39,000 crore September rush, but Street to see 29 listings
The momentum had picked up sharply from August, after a muted first four months of FY27, as stronger listing gains and steady liquidity pulled investors back into new issues.
Niti member Rajiv Gauba calls for reforms to strengthen energy security
Rajiv Gauba highlighted the importance of regulation and market reforms for strengthening India's energy security. He emphasized the need for an integrated natural gas value chain to support this transition. Gauba pointed out that enhancing domestic exploration and production is crucial for energy security and economic growth. Additionally, he mentioned the importance of expanding the National Gas Grid and city gas networks.
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.
IT companies forecast to post muted second quarter
Sector leader Tata Consultancy Services and its nearest rival, Infosys, are projected to report weak numbers for the three months ending September 30. Analysts tracked by ET on average forecast TCS to post organic revenue growth of 0.5% sequentially and 2.8% from a year earlier. They expect Infosys to report a 1.1% quarter-on-year and 0.2% year-on-year increase in organic revenue, which excludes income from acquisitions.
Canon India targets 10,000 retail printer partners across 700 cities by 2027: CEO Toshiaki Nomura
Canon India sets ambitious plans to expand its consumer printing retail network by targeting 10,000 resellers by 2027. CEO Nomura says Canon is betting on smaller cities as India bucks a global slump in printer demand
Moneyview shares shine on debut, list at 64% premium over IPO price
The Rs 1,091.68 crore Moneyview IPO comprised a fresh issue of 22.06 crore shares aggregating to Rs 750 crore and an offer for sale (OFS) of 10.05 crore shares worth Rs 341.68 crore.
Pest resistance is forcing India’s crop-protection firms to rethink product strategies: Insecticides India MD
Resistance to chemicals and formulations is an evolving challenge, particularly in crops where the same pest pressures persist over multiple seasons, said Rajesh Aggarwal, MD of Insecticides (India).
IndiaAI Mission likely to rewire after GPU glitch
The IndiaAI Mission currently has access to about 30,000 GPUs against a total commitment of 45,000. Several firms that had committed capacity have been unable to deliver due to market pressures. The IT ministry is now planning to issue fresh bids while also pressing companies to meet their pledges.
Models ready but data isn’t: Google’s Andi Gutmans on AI’s next big hurdle
As companies increasingly deploy AI, Google emphasises the importance of preparing corporate data for effective use. Andi Gutmans stated that understanding a business requires analysing contracts, revenue, and customer data. Google is expanding its engineering teams in India to support businesses in connecting AI systems with their essential data.
Stocks in news: Tata Steel, KPI Green Energy, NLC India, Poonawalla Fincorp and Cummins India
Indian equity benchmarks faced a decline as both the Nifty 50 and BSE Sensex hit six-month lows. The Nifty 50 saw a drop of 64.05 points, or 0.28%, closing at 22,716.20. Notably, Tata Steel announced a favorable tax order and made significant investments in its subsidiary. Other companies including Poonawalla Fincorp and Cummins India reported various corporate developments affecting their market positions.
Vikram Solar shares rise 3% after securing 400 MW module order from leading EPC company
Vikram Solar shares rose 3% after securing a 400 MW module supply order for decentralised solar projects across Maharashtra. The company will supply 620 Wp N-Type TOPCon G12R modules from October 2026 through March 2027. The order strengthens its presence in agricultural-feeder solarisation and India’s expanding renewable energy infrastructure.
Centre backs Supreme Court, plans legal bar on social media accounts for under-18s
The Centre plans to amend the Information Technology Rules to restrict children under 18 from opening social media accounts. During a Supreme Court hearing, officials acknowledged the risks children face in the digital environment. The government has agreed to make it mandatory for intermediaries to prevent minors from registering on these platforms. Existing guidelines will be reinforced through new statutory measures.
Moneyview IPO Day 3: Issue subscribed over 98 times on strong QIB demand. GMP at 38%
The Moneyview IPO ended with 98.46 times subscription, led by strong demand from QIBs and NIIs. The Rs 1,091.68 crore issue received bids for 2,290 crore shares against 23.25 crore shares on offer. Its grey-market premium stood at 37.5%, implying an estimated listing price of Rs 46.75.
India may need over Rs 4 lakh crore investment in energy storage by FY32: Report
India's transition to renewable energy is expected to demand significant investments in energy storage solutions. By FY32, approximately Rs 4 lakh crore will be needed to meet storage requirements. The current operational storage capacity of 54 GWh will need to expand to 411 GWh. Increasing renewable generation will require complementary technologies like Battery Energy Storage Systems and Pumped Storage Plants.
India’s healthcare AI opportunity could become the next big investment story
The digital rails are ready. India now needs patient capital and founders ambitious enough to build on them.
JSW One Platforms files draft papers for Rs 3,054 crore IPO
JSW One Platforms Ltd has submitted its draft documents to SEBI for a substantial IPO, targeting to generate Rs 3,054 crore. This offering comprises a fresh share issue of Rs 1,300 crore alongside an Offer for Sale totaling Rs 1,754.01 crore. Funds raised will enhance marketing, boost capital, upgrade technology, and support various corporate initiatives.
Govt eyes Rs 20,000 crore fund to power up frontier AI and compute ecosystem
The proposed National Frontier AI & Compute Fund (NFAICF) under the IndiaAI Mission is still under consultation, and its final size, structure, governance and the role of government capital are yet to be decided, people aware of the discussions told ET.
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