Business News: Economy & Markets

Driven by defence sector reforms, India makes mark as exporter of military hardware

IANS | June 17, 2026 1:31 PM

New Delhi, June 17 (IANS) India's defence sector has transformed radically between 2014 and 2026, with the country’s annual defence exports surging from a mere Rs 686 crore in 2013–14 to a record Rs 38,424 crore in 2025–26 as the country’s military hardware found buyers in over 80 countries, according to an official factsheet issued on Wednesday.

Indian-origin Cursor cofounder's net worth hits $5.5 billion after SpaceX deal

IANS | June 17, 2026 12:42 PM

New Delhi, June 17 (IANS) SpaceX has signed a merger deal for $60 billion in stock to acquire Anysphere Inc. -- the parent of AI coding platform Cursor -- a move that has made its cofounder Aman Sanger (25) worth an estimated $5.5 billion.

Women’s health and digital inclusion see sharp improvement in India: Report

IANS | June 17, 2026 11:47 AM

New Delhi, June 17 (IANS) National Family Health Survey (NFHS)‑6 results released by the Health Ministry in May showed significant gains in women’s maternal healthcare access, reproductive health and financial and digital inclusion, a report said on Wednesday.

India-Monaco ties will continue to scale new heights in years ahead: Piyush Goyal

IANS | June 17, 2026 10:41 AM

Nice/New Delhi, June 17 (IANS) Commerce and Industry Minister Piyush Goyal on Wednesday said he met Prince Albert II of Monaco and discussed expanding the India-Monaco partnership in sectors such as sustainability, the blue economy, innovation and emerging technologies.

Brent crude falls below $80 amid hopes of lasting US-Iran truce

IANS | June 17, 2026 10:27 AM

New Delhi, June 17 (IANS) Global crude oil prices declined by almost 1 per cent on Wednesday as investors and traders assessed the possibility that the Iran conflict would end and the Strait of Hormuz would reopen.

India’s defence production surges 15.6 pc to record Rs 1.78 lakh crore in FY26

IANS | June 17, 2026 9:32 AM

New Delhi, June 17 (IANS) In a significant development, India’s annual defence production surged to an all-time high of Rs 1.78 lakh crore in the last financial year (FY26), the government said on Wednesday.

S. Korea 4th country to forge AI security alliance with OpenAI

IANS | June 17, 2026 9:25 AM

Seoul, June 17 (IANS) South Korea became the fourth country to forge a security partnership in artificial intelligence (AI) with OpenAI, the developer behind ChatGPT, according to the science ministry on Wednesday.

Over Rs 544 crore allotted for crop residue management in 2026-27: Govt

IANS | June 17, 2026 9:15 AM

New Delhi, June 17 (IANS) The government has made a provision of Rs 544.15 crore under the Crop Residue Management (CRM) scheme for 2026-27, out of which the first instalment of Rs 272.07 crore has already been released, according to Agriculture Ministry.

Piyush Goyal invites business leaders, investors to join India and build innovation at scale

IANS | June 16, 2026 11:45 PM

Nice (France), June 16 (IANS) Commerce and Industry Minister Piyush Goyal on Tuesday addressed the closing ceremony of 'Bharat Innovates 2026' here, and expressed optimism and confidence in the outcomes achieved over the past three days, reflecting the immense potential of the India-France innovation partnership.

Indian officials discuss collaboration on land governance reforms with World Bank experts

IANS | June 16, 2026 10:36 PM

New Delhi, June 16 (IANS) The Department of Land Resources Secretary, Narendra Bhooshan, held a discussion here with a delegation of World Bank experts led by the Country Director for India, Paul Procee for developing an India-specific framework for assessing land governance reforms across states, according to an official statement issued on Tuesday.

business

Driven by defence sector reforms, India makes mark as exporter of military hardware

Indian-origin Cursor cofounder's net worth hits $5.5 billion after SpaceX deal

Women’s health and digital inclusion see sharp improvement in India: Report

India-Monaco ties will continue to scale new heights in years ahead: Piyush Goyal

Brent crude falls below $80 amid hopes of lasting US-Iran truce

India’s defence production surges 15.6 pc to record Rs 1.78 lakh crore in FY26

S. Korea 4th country to forge AI security alliance with OpenAI

Over Rs 544 crore allotted for crop residue management in 2026-27: Govt

Piyush Goyal invites business leaders, investors to join India and build innovation at scale

Indian officials discuss collaboration on land governance reforms with World Bank experts

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