Sector News

India is preparing its biggest-ever military drone purchase, with orders worth over $2 billion expected from domestic manufacturers that can act as a boost for India’s defence companies.

Anthropic warned that AI systems are approaching recursive self-improvement capability and called for a coordinated multi-lab pause mechanism, citing Claude authoring over 80% of its own codebase as of May 2026.

The Centre plans to expand E85 fuel availability across India, with up to 5,000 dispensing stations targeted by the end of 2027. The move comes as the government pushes flex-fuel vehicles, lower-cost ethanol blends and reduced dependence on imported crude oil.

Vanguard has reportedly slashed the valuation of Ola parent ANI Technologies to just $70 million. This marks nearly a 99% decline from its peak valuation of $7.3 billion.

The government has launched a ₹10,000 crore fund to support India’s aviation sector as rising aviation turbine fuel costs pressure airlines.

India's refined fuel exports hit their lowest level since October 2022 as refinery maintenance and domestic demand reduced shipments.

India is exploring support for affordable E85 fuel adoption after Hero launched flex-fuel motorcycles. The move could boost ethanol demand, support farmers, and reduce oil imports. Read ahead to know more.

Amazon, Eternal, Meesho, Swiggy and Zepto launched the Digital Commerce Coalition to support policy dialogue and sector growth.

Indian IT firms spent a record $7.1 billion on acquisitions in two years as AI squeezes organic growth. Nifty IT posted its best single-day gain in a year on Tuesday, up 4.2%. Read ahead to know more.

India's textile industry has welcomed the government's decision to temporarily remove import duty on cotton from June to October 2026. Industry bodies believe the move will help address the cotton supply gap and improve the competitiveness of Indian textile exports.

RITES and CRISIL have partnered to offer data-driven infrastructure consultancy solutions across railways, highways and energy sectors in India and abroad. Read more about the collaboration and its focus areas.

Timex Group India reported revenues of ₹800 crore in FY26, up 48% year-on-year. Profit before tax came in at ₹107.4 crore, jumped 151% year-on-year. The company said growth came from strong performance across Timex, Guess, and Versace brands. Read ahead to know more.