News on Indian Economy
The partnership brings together Pine Labs’ payment processing capabilities and WEBXPAY’s established merchant services infrastructure in Sri Lanka. The arrangement is designed to make Indian payment methods available to businesses using WEBXPAY’s payment acceptance solutions.
Lithium is an essential material used in rechargeable batteries for electric vehicles, mobile phones, laptops and large-scale electricity storage systems. Its importance has increased considerably as countries invest in electric mobility and renewable energy infrastructure.
SRF Limited’s latest investment represents an expansion of its manufacturing portfolio into battery-grade aluminium foil, a specialised material used in advanced rechargeable batteries. The company intends to develop the facility as part of its Performance Films and Foil business, building on its existing expertise in aluminium foil production and advanced industrial materials.
Iron ore recorded the highest growth among India’s nine core industries, with production increasing by 18.4% in September 2026 compared with the same month of the previous year. The expansion followed 5.5% growth in August, representing a substantial acceleration in the sector’s year-on-year performance.
Millworks Technologies has received two developmental purchase orders from separate divisions of Hindustan Aeronautics Limited. The first order, issued by HAL’s Overhaul Division, covers the manufacture and supply of oxygen valve assemblies for the Hawk advanced jet trainer operated by the Indian Air Force.
Balkrishna Industries and Pirelli Tyre S.p.A. signed three agreements covering the proposed joint venture, manufacturing arrangements and technical cooperation. These comprise a Framework Agreement, an Offtake Agreement and a Service Agreement, establishing the structure for cooperation between the two manufacturers.
The Bolkunda Silo Unit represents an addition to IDL Explosives’ industrial infrastructure, supporting the storage, preparation and distribution of bulk explosives used in mining activities. The facility has a stated capacity of 9,000 metric tonnes and occupies approximately 8.4 acres near Asansol, an important industrial centre in eastern India.
The coating has been designed for military environments where radar absorption must be combined with mechanical strength and resistance to operational conditions. DRDO’s technical documentation identifies applications involving airborne and land-based defence platforms, particularly those requiring reduced radar reflections from selected surfaces.
The proposed regulation covers M1-category vehicles, which include passenger vehicles designed to carry up to eight passengers in addition to the driver. All newly introduced models in this category would need to incorporate Advanced Emergency Braking Systems conforming to Automotive Industry Standard AIS-185 from October 1, 2030.
An 8×8 vehicle configuration typically features eight wheels with drive capability distributed across all eight. Such configurations are commonly employed in heavy-duty military vehicles that must transport substantial equipment loads while maintaining mobility on difficult terrain.
