Business News: Economy & Markets

India’s defence sector in global expansionary phase, production hits record Rs 1.8 lakh crore

IANS | September 23, 2026 10:14 AM

New Delhi, Sep 23 (IANS) India’s defence sector is entering a new phase of scale, indigenisation and global expansion, with domestic production reaching a record Rs 1.8 trillion (Rs 1.8 lakh crore) in FY26 -- up 15.6 per cent year-on-year and representing an approximately 18 per cent CAGR since FY21, a report showed on Wednesday.

Sensex, Nifty post marginal gains as crude prices drop below $100

IANS | September 23, 2026 9:39 AM

Mumbai, Sep 23 (IANS) The Indian equity markets inched up marginally early on Wednesday as crude prices eased below $100 per barrel mark. Investors also remain keen on easing global tensions ahead of scheduled talks between US President Donald Trump and his Chinese counterpart Xi Jinping.

Asian Development Bank revises India’s 2026 GDP growth forecast to 7 pc, up 40 bps

IANS | September 23, 2026 9:33 AM

New Delhi, Sep 23 (IANS) Asian Development Bank (ADB) on Wednesday revised India’s GDP growth forecast for 2026 (FY27) to 7.0 per cent, up 40 basis points (bps) from its earlier projection of 6.6 per cent.

S&P Global Ratings raises India’s GDP growth forecast to 7 pc for FY27

IANS | September 23, 2026 9:11 AM

New Delhi, Sep 23 (IANS) Driven by several positive factors, S&P Global Ratings on Wednesday raised India’s GDP growth forecast to 7 per cent for FY27, from 6.6 per cent in its earlier projection.

Piyush Goyal calls for strengthening export facilitation via physical and digital mechanisms

IANS | September 22, 2026 10:15 PM

New Delhi, Sep 22 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday said that instead of establishing separate offices of every department in every location, integrated Commerce and Industry offices are envisaged in major cities to provide businesses with a common point of access to multiple departments and agencies.

India, EU hold talks on bolstering industrial ties

IANS | September 22, 2026 8:31 PM

New Delhi, Sep 22 (IANS) Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, on Tuesday held discussions with a delegation of the Committee on Industry, Research and Energy (ITRE) of the European Parliament on strengthening India-EU cooperation in industrial development, clean energy, electric mobility and industrial decarbonisation.

Unemployed Chinese youth launching solo AI startups in a brutal market: Report

IANS | September 22, 2026 8:26 PM

New Delhi, Sep 22 (IANS) As artificial intelligence (AI) race heats up, more and more unemployed young people in China are launching their solo AI startups, according to a new report.

'Set Imagined in India goal': FM Sitharaman urges India Inc. to step up spending on R&D

IANS | September 22, 2026 8:12 PM

New Delhi, Sep 22 (IANS) Finance Minister Nirmala Sitharaman on Tuesday called on Indian industry to look beyond expanding the size of businesses and focus on building enterprises that are innovative, resilient, well-governed, and capable of competing globally.

Sugar prices driven by global demand-supply dynamics, not governments: Nitin Gadkari

IANS | September 22, 2026 7:41 PM

New Delhi, Sep 22 (IANS) Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday asserted that sugar prices are governed by global market dynamics and that governments have little role in determining the rates of agricultural commodities in an increasingly interconnected world economy.

Council of Ministers to hold 2-day Chintan Shivir on Viksit Bharat@2047 from September 23

IANS | September 22, 2026 6:38 PM

New Delhi, Sep 22 (IANS) The Council of Ministers will meet on September 23 and 24 for a Chintan Shivir focused on advancing the government's Viksit Bharat@2047 agenda, with discussions expected to centre on reviewing achievements, evaluating ongoing work across ministries and charting the next phase of reforms and policy priorities.

Business

India’s defence sector in global expansionary phase, production hits record Rs 1.8 lakh crore

Sensex, Nifty post marginal gains as crude prices drop below $100

Asian Development Bank revises India’s 2026 GDP growth forecast to 7 pc, up 40 bps

S&P Global Ratings raises India’s GDP growth forecast to 7 pc for FY27

Piyush Goyal calls for strengthening export facilitation via physical and digital mechanisms

India, EU hold talks on bolstering industrial ties

Unemployed Chinese youth launching solo AI startups in a brutal market: Report

'Set Imagined in India goal': FM Sitharaman urges India Inc. to step up spending on R&D

Sugar prices driven by global demand-supply dynamics, not governments: Nitin Gadkari

Council of Ministers to hold 2-day Chintan Shivir on Viksit Bharat@2047 from September 23

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