News on Indian Economy
The gas strike was recorded on 18 September 2026 and announced by ONGC on 21 September. The well is located about 43 kilometres off Konark and was drilled to a total depth of 1,623 metres. Gas was encountered in the interval between 1,441 metres and 1,452 metres.
Neither the number of systems supplied nor the contract value, configuration or delivery schedule has been publicly disclosed. The precise Akash variant supplied to Tajikistan and Turkmenistan has also not been identified in the information currently available.
The contract was signed in New Delhi on September 21, 2026, in the presence of Defence Secretary Rajesh Kumar Singh. The procurement marks another step in the indigenisation of critical systems used across India’s armoured vehicle fleet.
Union Commerce and Industry Minister Piyush Goyal and New Zealand Minister for Trade and Investment Todd McClay announced the implementation date during a virtual meeting on September 21 after both countries completed their respective internal procedures.
One of the most important uses of carbonyl iron powder is in powder metallurgy, where metal powders are compacted into specific shapes and then heated to create dense, finished components. The process is widely used in automotive, engineering and machinery production because it allows manufacturers to create components with consistent dimensions while reducing material wastage and machining requirements.
Rich Chemical is a Russian manufacturing and technology company specialising primarily in road-construction materials, road-marking products and specialised chemical formulations. The company says it has operated in the Russian and CIS markets since 2009 and maintains manufacturing operations in Kimry in Russia’s Tver region, alongside its Moscow office.
The memorandum was signed during INNOPROM.India 2026 in New Delhi by Dmitry Bolotsky, Deputy General Director for Commercial Affairs at Natsproektstroy Group, and Devang Vijay Shah, CEO and Managing Director of Bulk MRO.
The Ministry of Defence officially describes Agni-5 as a three-stage solid-fuel surface-to-surface ballistic missile capable of striking targets at ranges of up to 5,000 kilometres with a high degree of accuracy. Its combination of long range, road mobility, canisterised launch and sophisticated guidance has already made it a central component of India’s strategic missile capability.
The policy direction is reflected in DRDO’s Transfer of Technology Policy 2025, which explicitly permits industry to carry out value addition to transferred technologies in consultation with DRDO in order to improve performance or economic viability.
The RBI contacted 7,569 software-exporting companies for the 2025-26 survey, of which 2,363 companies responded, including most of the country’s large software exporters. These respondents accounted for around 89% of the estimated value of India’s software services exports, giving the survey broad coverage of the industry.
