News on Indian Economy
The open tender was published on September 2, 2026, under the title Development of Air To Air Refuelling Pod. Bid submissions are scheduled to begin on September 25 and close on October 20, 2026, with technical and financial bids subsequently evaluated under the TDF process. The development contract is structured on a turnkey basis with a planned duration of 1,095 days, or approximately three years.
ARMANET is not simply a new drone airframe. It is a mission operating and swarm-coordination platform designed to allow a single operator to command multiple unmanned aerial vehicles as an integrated formation rather than controlling each aircraft separately. Armanetics says the system has undergone months of development and field testing before the recent Army demonstration.
Unlike conventional multirotor drones optimised primarily for hovering, surveillance or payload carriage, Ahuti Mk II has been developed specifically as a high-speed aerial interceptor. Its intended mission is to close rapidly on hostile unmanned aircraft and loitering munitions before they reach their targets.
The Sanjeevani drones being used in Nepal can carry payloads of up to 25 kg, allowing relief teams to move meaningful quantities of critical supplies without waiting for damaged roads or bridges to be restored. In mountainous terrain, even relatively short distances can become major logistical obstacles when landslides, flooding or washed-out infrastructure prevent vehicles from reaching remote settlements.
Premier Explosives disclosed the figure in its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026, filed with the BSE and NSE on September 3. Commercial and bulk explosives contributed the remaining 18.78% of turnover, while exports represented 13.31% of revenue.
The agreement was exchanged in New Delhi on September 3, 2026, during the India-Belgium Defence CEOs Roundtable. The Ministry of Defence officially listed DGVK Enterprises and Sol1 BV among a series of Indian-Belgian industrial partnerships covering unmanned systems, ammunition, rockets, electro-optics and naval technologies.
The two companies exchanged an agreement in New Delhi on September 3, 2026, during the India-Belgium Defence CEOs Roundtable and B2B meetings held alongside Belgian Prime Minister Bart De Wever’s visit to India. The Ministry of Defence listed the India Optel–OIP pact among several industrial agreements intended to combine Belgian defence technology with Indian manufacturing capacity.
A fresh agreement involving Larsen & Toubro, Exail Robotics SAS of France and Exail Robotics in Belgium was exchanged in New Delhi on September 3, 2026, during the India-Belgium Defence CEOs Roundtable. The development follows an earlier strategic collaboration under which L&T and Exail are preparing an advanced Unmanned Mine Countermeasures suite for the Indian Navy’s planned Mine Counter Measure Vessel programme.
Kalyani Strategic Systems Limited, or KSSL, is the wholly owned defence subsidiary of Bharat Forge and now leads the Kalyani Group’s defence business. FN Herstal is part of Belgium’s FN Browning Group and brings more than 135 years of experience in small arms and integrated weapon systems.
Under the agreement, the Textiles Committee will identify, verify, certify and recognise eligible producers of recycled and upcycled textile goods. It will also conduct stakeholder consultations, support capacity building and market research, and assist in developing technical specifications for products that can be offered to government buyers.
