News on Indian Economy
The company has successfully tested its relative guidance, navigation and control (GNC) stack at ISRO’s Rendezvous Simulation Laboratory, a facility used for validating technologies associated with rendezvous and docking. Aule says the tests demonstrated its system in a relevant simulated environment and advanced the technology to Technology Readiness Level 6, or TRL-6.
Union Communications Minister Jyotiraditya M. Scindia and Minister of State for Communications Chandra Sekhar Pemmasani launched the upgraded applications on August 24, 2026. The new platforms form part of the Department of Posts’ broader effort to combine its extensive physical network with technology-enabled services under the DoP IT 2.0 modernisation programme.
Lucknow-based defence technology company Kawa UAV Pvt. Ltd., operating under the HoverIt brand, is building
The development forms part of a wider shift in India’s counter-drone architecture towards systems capable of defeating unmanned aircraft without relying entirely on conventional missiles or ammunition. BEL is pursuing both high-energy laser and microwave-based directed-energy technologies, which offer different mechanisms for disabling hostile drones.
The expansion represents an almost 13,000-fold increase in annual transaction volume over the decade. Transaction value has grown just as dramatically, rising from about ₹0.07 lakh crore in FY 2016-17 to approximately ₹314 lakh crore in FY 2025-26, an increase of more than 4,000 times. The figures show how UPI has evolved from an emerging payment option into a system used for everyday retail purchases, personal money transfers and increasingly higher-value transactions.
ArthX officially describes SHARANGA as a tube-launched tactical loitering munition designed and developed in India. The munition is stored and transported inside its launch canister, with its wings deploying shortly after leaving the tube. The airframe incorporates inverted-V stabilators and a rear-mounted pusher propulsion arrangement, allowing the system to remain compact inside the canister before transitioning into its normal flight configuration.
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.
