Economy

News on Indian Economy

Prime Toolings Tests Indigenous Rotating Detonation Engine, Achieves TRL-5

Prime Toolings announced the achievement through its official social-media channels, including the company’s Instagram account, stating that its Rotating Detonation Engine had successfully completed development and testing and had reached TRL-5. The company has subsequently released additional glimpses of the engine’s internal configuration and indicated that further technical information from the development programme will be made public.

India Expands Districts as Export Hubs Initiative Across More Than 770 Districts

The Department of Commerce is implementing the initiative through the Directorate General of Foreign Trade, treating each district as a unit of export planning rather than merely as a centre of production. According to a government factsheet released on September 2, 2026, the programme had expanded to more than 770 districts by January 2026, significantly broadening India’s district-level export architecture.

NoPo Nanotechnologies: Bengaluru Deep-Tech Company Building India’s Single-Walled Carbon Nanotube

Bengaluru-based NoPo Nanotechnologies is working in precisely this field. The company develops and manufactures single-walled carbon nanotubes, or SWCNTs, an advanced carbon material with potential applications across batteries, semiconductors, water purification, aerospace systems, electronics, composites and specialised coatings.

IAF Successfully Tests Indigenous Khagantak-243 Long-Range Glide Bomb Developed by BEL and JSR Dynamics

Khagantak-243 is the 300-kg-class member of JSR Dynamics’ Long Range Glide Bomb family. The company’s official specifications list the K-243 with a length of up to four metres, a diameter of approximately 290 mm and a wingspan of up to three metres. The broader LRGB architecture is designed around the widely used Mk 80 family of conventional warheads, allowing different bomb bodies and payload classes to be incorporated into the same basic stand-off weapon concept.

Kepler Aerospace Advances Defence Space Agency’s Autonomous CubeSat Swarm in LEO With Six-Satellite ISR Constellation

Kepler is now preparing to translate that technology-development programme into an operational space-based ISR capability. The company raised $8 million in seed funding on September 1, 2026, in a round led by Blue Ashva Capital and co-led by Finvolve India Accelerator along with other investors. The investment has been reported at around ₹66.4 crore and represents Kepler’s first external fundraising round since the company was established in 2018.

Japan Credit Rating Agency Upgrades India’s Sovereign Rating to ‘A-’ With Stable Outlook

The upgrade applies to both India’s long-term foreign currency and local currency issuer ratings and marks an important improvement in the country’s sovereign credit profile. According to the assessment, India’s ability to sustain strong economic growth despite an uncertain global environment, together with improvements in fiscal management and the financial system, has strengthened its overall creditworthiness.

Reliance Consumer Enters India’s Ice-Cream Market With Bombay Creamery

The new brand is being positioned around real dairy cream, affordable pricing and mass-market distribution. Bombay Creamery products start at ₹10 and will initially be available across western India before Reliance expands the brand nationwide. The portfolio includes cones, cups, tubs, bars and sticks, giving the company products across the principal formats sold in India’s organised ice-cream market.

India Launches Indigenous iNDiC Underwater Systems for Military and Professional Diving

The new brand brings together a range of marine mobility systems, underwater electronics and diving equipment designed and developed in India, with several products shaped around requirements associated with the Indian Armed Forces. The launch marks an effort to build domestic capability in a segment where specialised equipment has traditionally depended heavily on foreign suppliers.