Pakistan faces renewed macroeconomic strain as global debt hits record highs

IANS | May 15, 2026 4:51 PM

New Delhi, May 15 (IANS) Pakistan is set to face renewed macroeconomic pressure as global debt has climbed to unprecedented levels, underscoring widening vulnerabilities across emerging economies already grappling with tight external financing conditions and volatile commodity markets, a report has said.

Indian AI combat drone ‘Kaal Bhairava’ to enter European manufacturing network

IANS | May 15, 2026 4:24 PM

New Delhi, May 15 (IANS) In a major boost to India’s ambitions of becoming a global defence manufacturing hub, Indian AI warfare company FWDA on Friday announced that its autonomous combat aircraft ‘Kaal Bhairava’ will now be manufactured in Europe through a strategic partnership with Portuguese defence technology firm SKETCHPIXEL.

India’s overall exports rise 13.6 pc to $80.8 billion in April

IANS | May 15, 2026 3:50 PM

New Delhi, May 15 (IANS) India’s overall exports registered a strong growth of 13.6 per cent year-on-year (YoY) to reach $80.8 billion in April 2026, despite geopolitical tensions in West Asia disrupting key trade routes and global markets, according to government data released on Friday.

Rupee trades lower amid elevated crude prices

IANS | May 15, 2026 3:16 PM

New Delhi, May 15 (IANS) The Indian rupee breached the 96-mark against the US dollar on Friday amid persistent global pressures, rising crude oil prices, and continued geopolitical tensions linked to the Iran conflict.