News on Indian Economy
The company’s technology is designed to place solar-generation systems on reservoirs, dams and industrial water bodies where conventional floating-solar installations can face difficult conditions including changing water levels, wind loads and complex hydrodynamics.
India’s total trade with BRICS countries rose from around $203 billion in 2020-21 to $417 billion in 2025-26, making the grouping an increasingly important part of India’s external economic engagement.
The Act adopts a technology-neutral approach, covering records maintained in physical, electronic, digital, virtual, cloud-based and other contemporary forms. This is important because the legal validity of a banking record should not depend on whether it sits inside a paper ledger, a bank server or an authorised digital storage system.
Union Minister of State for Science & Technology and Earth Sciences Dr. Jitendra Singh outlined this approach while virtually addressing the National Conference on Coastal Ecology, Security and Sustainability (CCESS) 2026 on September 11.
Chennai-based GreenPod Labs is developing an Indian biotechnology solution to tackle this problem differently. Instead of relying entirely on refrigeration or conventional post-harvest chemical treatments, the company uses natural plant-derived compounds to stimulate the produce’s own defence mechanisms after harvesting.
The most ambitious of the four is an agreement to establish an India–Russia Centre of Excellence in Artificial Intelligence and Cybersecurity in partnership with the Government of Russia’s Nizhny Novgorod Region and RUSSOFT, the association representing Russian software companies.
At INNOPROM, SBER is highlighting a cross-border settlement system designed to move payments to India within minutes, together with rupee-denominated services including accounts, deposits, letters of credit and bank guarantees. Its business development arm also assists Russian companies entering India, from identifying suppliers to completing their first commercial transactions.
The two-day exposition, being held on September 11–12, is organised by the Union Ministry of Education in coordination with the Ministry of External Affairs. It forms part of the programme surrounding the 18th BRICS Summit, which India is hosting in New Delhi on September 12–13 under its BRICS Chairship.
The development comes as ePlane works through the Directorate General of Civil Aviation’s certification process and prepares a certification-conforming aircraft for flight testing, currently targeted for April 2027.
For TakeMe2Space, the agreement is significant because the company is attempting something different from a conventional Earth-observation constellation. Its satellites are being designed as computing nodes in orbit, carrying processors capable of analysing imagery and running artificial-intelligence workloads before data is transmitted to the ground.
