News on Indian Economy
Apollo disclosed the development to the BSE and National Stock Exchange on September 16, 2026, under Regulation 30 of SEBI’s listing regulations. The company said the technology transfer was presented during the DRDO-Industry VIMARSH 2026 programme in New Delhi in the presence of Defence Minister Rajnath Singh.
More than 1.25 crore houses have been sanctioned across PMAY-U and PMAY-U 2.0, according to the Ministry of Housing and Urban Affairs. The programme has also placed women’s ownership at the centre of its housing model, with around one crore sanctioned houses allotted either in the name of the female head of the household or under joint ownership.
Prime Minister Narendra Modi reiterated the one-crore AI-skilling target during a semiconductor industry roundtable with leading executives on September 16, while calling for substantially greater participation by companies in workforce development, research, innovation and emerging technologies.
The company has committed more than ₹10,000 crore towards its expansion in India, building on an engineering and research presence in Bengaluru that dates back more than two decades. The next phase will add high-purity silicon component manufacturing alongside expanded engineering and R&D capabilities serving advanced semiconductor technologies.
The Ministry of Micro, Small and Medium Enterprises will mark the scheme’s third anniversary on September 17, 2026, in Kolkata, where beneficiaries from different traditional trades will participate alongside government institutions, banks, local bodies and organisations involved in implementing the programme.
Oil India described the result as establishing, for the first time, a working petroleum system in this part of the Assam Shelf Basin. That distinction is important because a working petroleum system means that the fundamental geological conditions required for petroleum accumulation have operated successfully.
Founded by Jay Panchal, Nithyaa Giri and Hrishit Tambi, Aule is developing what it describes as satellite “jetpacks”: compact servicing spacecraft that can rendezvous with another satellite, attach themselves to it and provide additional propulsion. The objective is to extend the operational life of valuable satellites instead of replacing them simply because their original fuel supply has been depleted.
NITI Aayog released the second edition of the India Electric Mobility Index, or IEMI, in New Delhi on September 16, providing a state-by-state assessment of progress in electric vehicle adoption, charging infrastructure, policy implementation and technological innovation. The latest edition measures developments during 2025 and allows states and Union Territories to compare their progress with the inaugural 2024 index.
The figures were released by NITI Aayog on September 16 in the ninth edition of its Trade Watch Quarterly, covering the April-June 2026 period. The report finds that India’s trade expansion took place alongside surprisingly resilient global commerce, with world merchandise trade continuing to grow despite tariff disputes, supply-chain pressures and geopolitical disruptions.
Diversification changes this equation because it gives producers somewhere else to send their goods. If one market closes while several others can absorb the same product, factories can continue operating, workers can remain employed, suppliers can continue receiving orders, and capital invested in manufacturing remains productive.
