News on Indian Economy
The increase was driven overwhelmingly by the Unified Payments Interface, which accounted for 77.3 per cent of the value of digital merchant payments during the month, further widening its lead over credit cards, debit cards and prepaid payment instruments.
Jio Platforms had filed its Draft Red Herring Prospectus with SEBI on 19 June 2026, formally beginning the regulatory process for the listing. The proposed offering consists entirely of newly issued shares rather than an offer for sale by existing investors, meaning the money raised through the IPO will flow into the company rather than to shareholders selling their stakes.
The change would bring India’s 5G network rules closer to international exposure standards and could allow telecom operators to improve coverage from existing sites while reducing the number of additional towers required for network expansion.
The discussions took place during the fourth India-Denmark Joint Working Group meeting in Copenhagen on 28 August 2026, involving India’s Ministry of Micro, Small and Medium Enterprises and the Danish Patent and Trademark Office (DKPTO).
The Technology Development Board (TDB) under the Department of Science and Technology has entered into an agreement with One2X Tech to support the commercialisation of its Fixit platform. The initiative was announced on 20 August 2026 and is intended to strengthen the platform’s orchestration capabilities, enterprise integrations, security and scalability as it moves towards wider commercial deployment.
The development is particularly significant for mountain agriculture because wheat farmers in these regions face a combination of disease pressure, short cropping windows, restricted irrigation and delayed sowing after other crops. VL 3040 has been designed to retain the hill adaptation of an established variety while strengthening protection against rust and providing greater flexibility under late-sown conditions.
India’s electricity system is simultaneously expanding renewable generation and searching for dependable sources capable of operating continuously. Solar and wind power will remain central to the energy transition, but their output varies with weather and time of day. Nuclear plants, once operating, can supply electricity continuously for long periods and therefore provide an important source of stable baseload generation.
Hyderabad-based MosChip Technologies is building capabilities across this critical design layer of the semiconductor industry. The company provides silicon and product engineering services covering ASICs, system-on-chip designs, embedded systems and advanced digital products.
The company develops LiFi, Visible Light Communication and Free-Space Optical communication systems. These technologies use visible or infrared light instead of conventional radio-frequency signals. NavTech says it maintains its own research and development facilities and manufacturing capability for optical wireless communication systems.
Official data released by the Ministry of Commerce and Industry shows that the value of India’s petroleum-product exports increased by 67.64% year-on-year, rising from $4.13 billion in July 2025 to $6.92 billion in July 2026. Petroleum products were among the principal commodities driving India’s merchandise-export growth during the month.
