SberIndia Lending to Indian Companies Quadruples as India-Russia Trade Finance Expands
SberIndia said the number of companies borrowing from the bank increased five times during the year, while the overall volume of financing grew fourfold.
Economy
News on Indian Economy
India Manufacturing PMI Rises to Seven-Month High of 55.1 in September
New orders increased at a faster pace during September as demand improved across sectors including electronics, food, pharmaceuticals and textiles.
Nothing and Optiemus Announce $100 Million Joint Venture to Expand Smartphone Manufacturing in India
The company has already invested more than $200 million in India and operates manufacturing facilities in the country, including a Chennai-based facility that produces Nothing smartphones.
India’s Manufacturing GVA Grows 9.59% as Employment Crosses 2 Crore
GVA is an important measure because it captures the value created by manufacturing establishments after accounting for the cost of inputs used in production. The latest increase therefore indicates that registered manufacturing generated significantly more economic value during the year.
Apollyon Dynamics Conducts Initial Vehicle-Mounted Tests of Nightshade ADX-1 High-Speed Strike UAV
A mobile launch configuration can give operators greater flexibility in choosing launch locations and reduce dependence on prepared infrastructure. It can also allow a UAV system to be moved, deployed and recovered from different positions according to operational requirements.
Basmati — The Fragrant Grain of the Himalayan Foothills and Indo-Gangetic Plains
Within India, the protected Geographical Indication covers Punjab, Haryana, Himachal Pradesh, Uttarakhand, Delhi, specified areas of western Uttar Pradesh and three districts of Jammu and Kashmir. It is one of India’s most commercially important agricultural GIs and one of the country’s most internationally recognised food products.
India Advances Project-75(I) and Submarine Modernisation Plans to Strengthen Underwater Warfare Capability
The additional boats would build upon the experience gained from the existing Kalvari-class submarine programme, which involved technology cooperation with France and domestic construction at MDL.
India Advances Trade Diplomacy at G20 Ministerial in Milwaukee
India’s position combines support for predictable international trade with protection of legitimate policy space for developing countries. New Delhi has also continued to emphasise fair market access and a stronger role for emerging economies in shaping global trade governance.
Kokasa Launches to Build Indigenous Mission-Critical Systems for Su-30MKI, MiG-29 and T-72
The company’s technology portfolio spans electromechanical actuators, electrohydraulic systems, sensors, switches, valves, servo drives, motion-control hardware and embedded control electronics. These systems form the mechanical and electronic interface between a platform’s command architecture and the physical movement required to execute that command.
Tata Projects and MDS Aero Partner to Build Advanced Aero-Engine Test Infrastructure in India
Tata Projects will be responsible for civil and structural works, mechanical, electrical and plumbing systems, high-air-pressure systems, heating, ventilation and air-conditioning, high-temperature exhaust systems, cooling-water systems and associated site infrastructure.