News on Indian Economy
The wider strategic engagement is valued at €1.25 billion, while TCS will acquire 100% of MHP Management- und IT-Beratung GmbH for an enterprise value of €320 million. The proposed acquisition remains subject to regulatory and antitrust approvals and is expected to close in the coming months.
Vertotech Aerospace officially lists the V-BLAZE as a “Hypersonic Terrain-Hugging Cruise Missile.” According to specifications published by the company, the missile is being designed for a maximum speed of Mach 6 and a stated range of 750 km. Vertotech also lists a smart penetrator and kinetic-effect option for the warhead, together with a navigation architecture combining artificial-intelligence-assisted visual terrain recognition with inertial navigation.
The ambitions emerged from Prime Minister Narendra Modi’s interaction with founders and chief executives of 20 Indian space startups. The meeting took place on August 21, 2026, while a detailed transcript of the interaction was released on August 23 as India marked National Space Day. Participating companies included Skyroot Aerospace, Agnikul Cosmos, Pixxel, Dhruva Space, Bellatrix Aerospace, Digantara, Manastu Space, OrbitAID Aerospace and several other emerging space companies.
The engine delivered a reported 5 kN of thrust and a total impulse of 100 kN·s during the successful test. Othisis says it designed and built the propulsion system for its reusable launch-vehicle programme and plans to place the engine aboard a vehicle demonstrator later in 2026. The achievement remains a ground-based hot-fire test rather than a flight demonstration, but it moves the startup closer to testing reusable rocket operations.
Since the National Animal Disease Control Programme was launched in 2019, more than 147.16 crore doses of FMD vaccine have been administered across the country, benefiting around 8.04 crore farmers. Reported FMD outbreaks have fallen from 132 in 2019 to 40 in 2025, while Brucellosis outbreaks declined from 22 to 15 during the same period.
From reusable propulsion and additive manufacturing to a 700,000-square-foot test complex, Ethereal Exploration Guild is attempting one of the hardest problems in commercial spaceflight: making a medium-lift orbital rocket whose booster and upper stage can both return for another mission.
India has developed its first soil texture map using remote-sensing and satellite data, marking an important step towards more data-driven and location-specific farming. The map has been created by the ICAR-National Bureau of Soil Survey and Land Use Planning (NBSS&LUP) and is designed to provide soil information at the hectare level, helping farmers and agricultural planners make better crop-selection and land-management decisions.
External Affairs Minister S. Jaishankar and Russian First Deputy Prime Minister Denis Manturov co-chaired the 27th India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) in Moscow on August 24, 2026. The commission is the principal institutional mechanism overseeing the expanding economic relationship between the two countries.
The company announced the establishment of its Indian entity on August 24, 2026, describing India as one of the world’s most important defence and space markets. ICEYE India will initially focus on supporting Indian defence and intelligence users with space-based intelligence capabilities while progressively developing a domestic industrial ecosystem involving Indian engineers, suppliers and technology companies.
Development responsibility for the longer-range Pinaka family centres on DRDO’s Armament Research and Development Establishment (ARDE), supported by laboratories specialising in propulsion, guidance and missile electronics. The broader programme brings together ARDE, the High Energy Materials Research Laboratory, Defence Research and Development Laboratory and Research Centre Imarat, creating an almost entirely Indian development chain for the weapon.
