Profitable Banks, Growing Savings and Timely EMI Repayments: Signs of a Healthy and Alive Indian Economy
During the financial year 2025–26, India’s public sector banks recorded their highest-ever combined net profit of ₹1.98 lakh crore,
Economy
News on Indian Economy
Solar Defence Expands Its Vision Towards Military Humanoid Robotics and Advanced Autonomous Defence Systems
Solar Industries formally acknowledged its interest in humanoid robotics during its investor conference call on 4 February 2026, when company management responded to questions concerning emerging defence technologies and future business opportunities.
AVTEC Strengthens India’s Indigenous Defence Manufacturing with Automatic Transmissions for Combat Vehicles
AVTEC formally entered the defence manufacturing sector in 2016, drawing upon its experience in designing and manufacturing automotive engines, heavy-duty transmissions and precision-engineered powertrain components.
Oil India Signs Contract for 272 Sq Km Coal Bed Methane Block in Singrauli, Expanding India’s Domestic Natural Gas Exploration
According to Oil India’s official announcement, preliminary geological assessments indicate promising prospects for methane exploration. The targeted coal seams are expected at depths ranging from 600 to 800 metres, with an average seam thickness of approximately 40 metres.
Jindal Defence–Taurus T9: Indian Army Showcases Made-in-India Submachine Gun
The T9’s appearance comes nearly two years after Taurus Armas reported completing the delivery of 550 locally produced submachine guns to the Indian Army’s Northern Command. The development places the T9 among the compact firearms supplied by India’s emerging private-sector defence manufacturers.
CONCOR Facilitates First Liquid Glucose Export from Kanpur to Vietnam, Strengthening India’s Agri-Export Logistics
The development, highlighted by CONCOR in October 2026, represents an important milestone for Uttar Pradesh’s processed food export sector. It also demonstrates the growing importance of inland logistics infrastructure in connecting Indian manufacturers with international markets.
SAIL Awards ₹854.57 Crore Pellet Plant Contract to SEPC for IISCO Steel Plant Expansion in West Bengal
The contract was signed at SAIL’s IISCO Steel Plant in Burnpur by Praveen Kumar, Executive Director (Projects), SAIL-ISP, and Venkataramani Jaiganesh, Managing Director, SEPC Limited, in the presence of senior company officials.
Hooghly Cochin Shipyard Advances Six Hybrid-Electric Catamaran Project for India’s Inland Waterways
HCSL officially confirmed the launch of the fifth vessel in the six-catamaran series on 18 August 2026. The programme represents an important contribution to India’s efforts to modernise inland water transport and expand the use of environmentally sustainable maritime technologies.
India Attracts $748.78 Billion in FDI Between 2014 and 2025, Investment Sources Expand to 112 Countries
The figures, highlighted in a News On AIR special report on 19 October 2026, reflect the impact of investment policy reforms, infrastructure development, industrial expansion and efforts to improve India’s business environment.
India and Saudi Arabia Advance Electrical Interconnection Initiative, Explore Cooperation in Power Transmission and Renewable Energy
The meeting, held virtually on 19 October 2026, brought together Pankaj Agarwal, Secretary, Ministry of Power, and Eng. Nasser Al-Qahtani, Saudi Arabia’s Assistant Minister of Energy for Electricity Affairs.