Economy

News on Indian Economy

India’s Railgun Programme: DRDO Advances Next-Generation Artillery Technology in Pune

The Armament Research and Development Establishment in Pune has been involved in the development of advanced armament technologies for the Indian Armed Forces for several decades. Its research encompasses artillery systems, ammunition, weapon mechanisms and emerging technologies intended to improve the range, accuracy and effectiveness of military weapons.

Tata Motors Acquires Italy’s Iveco Group, Creates World’s Fourth-Largest Commercial Vehicle Enterprise

The combined enterprise brings together 27 manufacturing facilities, 25 research and development centres and more than 9,300 sales and service locations worldwide. With a workforce exceeding 73,000 employees across six continents, the acquisition substantially expands Tata Motors’ international presence and strengthens its position in the global commercial transportation industry.

Sigma Advanced Systems Reports ₹2,315 Crore Defence Orders in Artillery and Anti-Drone Technologies

One of the major developments highlighted by Sigma Advanced Systems is an export contract valued at approximately ₹1,013 crore for the manufacture and supply of 155 mm base-bleed artillery shells to a North American customer. The contract represents an important expansion of the company’s participation in international artillery ammunition supply chains.

India, Philippines in Advanced Talks for $800 Million BrahMos Missile Deal

Philippine Defence Secretary Gilberto Teodoro Jr. publicly confirmed Manila’s interest in procuring additional BrahMos missile systems during the Third Delhi Defence Dialogue on November 4, 2026. Participating virtually, Teodoro stated that the Philippines had communicated its requirements to Indian authorities and was seeking further acquisitions adapted to the country’s geographical and operational conditions.

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