India Signs ₹4,106 Crore Defence Deals for GSAT-7C Satellite and Varunastra Torpedoes

India has taken another significant step towards strengthening its national security after the Ministry of Defence signed two contracts worth a combined ₹4,106 crore on October 15, 2026. The agreements cover a dedicated GSAT-7C communication satellite for the Indian Air Force (IAF) and Varunastra heavyweight torpedoes for the Indian Navy. The acquisitions are aimed at…

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Global Economy Becomes Increasingly Uneven as AI Boom Supports Some Countries While Others Struggle

A new analysis published by The Wall Street Journal on October 16 highlights a growing divide in the global economy: countries and industries benefiting from artificial intelligence and energy investment are showing greater resilience, while others face high energy costs, expensive borrowing and fiscal pressure. The report points to the United States, South Korea and…

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RBI Steps Up Defence of the Rupee as Currency Weakness and Capital Outflows Raise Concerns

The Reserve Bank of India has intensified efforts to stabilise the rupee amid currency pressure, capital outflows and inflation concerns. According to a Reuters report published on October 16, the central bank has raised policy rates, tightened liquidity conditions and deployed foreign-exchange measures to manage market volatility. The rupee has depreciated by approximately 6% this…

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India’s Merchandise Exports Jump 23% in September as Trade Deficit Narrows to $30.2 Billion

India’s merchandise exports rose 23% year-on-year to $44.4 billion in September 2026, supported by stronger shipments of electronics, petroleum products, chemicals and engineering goods. Imports increased more slowly, while a sharp decline in gold imports helped narrow the merchandise trade deficit to approximately $30.21 billion. The figures provide a positive signal for India’s export sector,…

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UPI Charges Decision Postponed: NPCI Delays New Merchant Fee Rules Until After Diwali, January 2027 in Focus

India’s Unified Payments Interface (UPI) has become an essential part of everyday life, allowing millions of people to make instant digital payments at shops, restaurants, supermarkets and online platforms. However, a proposed change to UPI merchant transaction charges has attracted considerable attention across the country. The National Payments Corporation of India (NPCI) has now postponed…

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Russia Launches Heavy Missile and Drone Strikes on Ukraine, Killing at Least 20

Kyiv, October 7, 2026: Russia launched one of its heaviest recent waves of missile and drone attacks against Ukraine on Wednesday, killing at least 20 people, including children, and injuring around 50 others, according to Ukrainian officials and reporting by Reuters. The strikes hit several Ukrainian cities, damaged residential buildings and infrastructure, and once again…

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India’s Economy Shows Strong Momentum as Oil Prices and Global Tensions Raise Inflation Risks

India has entered the second quarter of the 2026-27 financial year with strong domestic economic activity, but rising geopolitical tensions, elevated crude oil prices and tighter global financial conditions are creating new risks for inflation, the rupee and capital flows, according to the Finance Ministry’s latest monthly economic review. India’s economy is showing signs of…

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US and China Reach New Trade and AI Agreements After Trump-Xi Summit

September 27, 2026 The United States and China have reached a series of new understandings covering trade, artificial intelligence, military communication and international issues following Chinese President Xi Jinping’s three-day state visit to Washington, in the latest attempt by the world’s two largest economies to stabilize a relationship that has been marked by years of…

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India’s Startup Funding Reaches $10.3 Billion as Investors Shift Toward Larger Deals

Indian technology startups raised $10.3 billion during the first nine months of 2026, but the number of funding rounds declined significantly, highlighting a market increasingly focused on larger and more established companies. India’s technology startup ecosystem has attracted $10.3 billion in funding during the first nine months of 2026, according to data from Tracxn Technologies….

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India’s NSE IPO Draws More Than $10 Billion in Bids as Decade-Long Listing Journey Nears End

India’s National Stock Exchange (NSE) has attracted more than $10 billion worth of bids in its long-awaited initial public offering, marking a major development for India’s capital markets and bringing the country’s largest stock exchange operator closer to becoming a publicly traded company. The ₹22,569-crore, or roughly $2.3 billion, NSE initial public offering closed for…

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