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Technology solutions provider for defence and communication sectors Avantel has secured a contract for ₹117.88 crore from DRDO’s Defence Electronics Applications Laboratory (DEAL) for development, installation and commissioning of a Ground Segment Hub for voice and data communication using an Indian geostationary satellite. The company said it remain focused on delivering indigenous communication solutions that…
Aurobindo Pharma subsidiary Lannett Company LLC has launched a generic equivalent of GSK plc’s Advair Diskus (fluticasone propionate and salmeterol inhalation powder) in 100/50 mcg and 250/50 mcg strengths in the US market. “The launch marks the first product from our inhalation pipeline to be commercialised in the U.S. reflecting our continued focus on expanding…
Read More “Aurobindo arm Lannett launches generic of GSK’s drug in U.S.” »
Airbus has awarded Mahindra Aerostructures a contract to manufacture and supply fuselage skins for its A320 family of aircraft, expanding the Indian company’s role in Airbus’ global supply chain. Under the multi-year programme, Mahindra Aerostructures will manufacture fuselage skins used to cover the rear fuselage and tail sections of the Airbus A320neo and A321XLR aircraft,…
Read More “Airbus awards Mahindra Aerostructures contract to make A320neo, A321XLR fuselage skins” »
Chennai-based healthcare technology company Trackerwave is targeting revenue of about ₹50 crore in 2026-27, up more than four times from the ₹12 crore it reported last year, as it looks to deepen the presence in India’s public healthcare system, which is increasingly going digital. The bootstrapped company, which develops real-time location systems (RTLS) for hospitals,…
The growth in India’s Gross Domestic Product (GDP) stood at 7.8% in the April-June 2026 quarter (Q1 FY27), quicker than the 6.9% recorded in Q1 of last year, but slower than the 8.6% of the January-March 2026 quarter. The stronger performance in Q1 of this year as compared to last year has been driven by…
Read More “GDP growth comes in at 7.8% in Q1, slower than last quarter but quicker than last year” »
Stock markets closed lower on Monday (August 31, 2026) amid selling in utilities, IT, and FMCG shares, as renewed tensions in West Asia pushed crude oil higher and fanned fears of a higher-interest-rate environment. The 30-share BSE Sensex declined 307.24 points, or 0.40%, to settle at 76,957.27 with 20 of its constituents ending lower and…
Read More “Stock markets decline amid renewed tensions in West Asia, higher crude oil prices” »
One of Indian Oil Corporation depots | Photo Credit: Getty Images Indian Oil is eyeing to increase their natural gas sales by one-and-half times by 2030, Arvinder Singh Sahney, Chairman of the state-owned oil-marketing company stated in his address at the annual general meeting of shareholders Monday. Further underlining plans for expanding their refining capacity,…
Read More “Indian Oil aiming to increase natural gas sales 1.5-times by 2030: Chairman” »
This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee pared initial losses and settled for the day with gains of 26 paise at 95.17 (provisional) against the U.S. dollar on Monday (August 31, 2026), on possible RBI intervention, as rising crude oil prices and geopolitical strain weighed on the…
Read More “Rupee rises 26 paise to close at 95.17 against U.S. dollar” »
IT Secretary S. Krishnan. File | Photo Credit: Sushil Kumar Verma The government on Monday (August 31, 2026) notified the Semicon 2.0 scheme, setting in motion the ₹1,27,500-crore plan that seeks to deepen India’s semiconductor ambitions — from chip manufacturing to a full-stack ecosystem encompassing indigenous design and IP, equipment, materials, advanced packaging, R&D and…
The 30-share BSE Sensex declined 226.60 points to 77,028.56 during initial trade. The 50-share NSE Nifty dropped 120.40 points to 24,053.55. File. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty declined in early trade on Monday (August 31, 2026) as renewed tensions in West Asia triggered a rebound in crude oil prices. Weak…