๐ MoD inks โน4,106 Cr defense deals:
The Ministry of Defence signed two major indigenous contracts todayโa โน2,563 crore pact with NSIL for the IAF's advanced GSAT-7C communication satellite to secure airspace communications, and a โน1,543 crore agreement with BDL for the Indian Navy's lethal Varunastra Heavy Weight Torpedoes.
#Defence
The Ministry of Defence signed two major indigenous contracts todayโa โน2,563 crore pact with NSIL for the IAF's advanced GSAT-7C communication satellite to secure airspace communications, and a โน1,543 crore agreement with BDL for the Indian Navy's lethal Varunastra Heavy Weight Torpedoes.
#Defence
โค31๐ฅ5๐4
Indian Development News ๐ฎ๐ณ
Blackstone has partnered with former HDFC Ergo MD Anuj Tyagi to launch a new general insurance company, and has filed with IRDAI for in-principle approval. It would be the first venture with 90% foreign ownership under Indiaโs 100% FDI limit for insuranceโฆ
๐จ The General Insurance Council (GIC) has proposed a mandatory 10% co-payment on retail health insurance claims in India starting January 1, 2027, requiring policyholders to pay 10% of hospital bills out-of-pocket (capped at โน5 lakh per claim) to curb overbilling, though the rule still awaits final approval from IRDAI. #Policy
Source
Source
The Times of India
Insurance companies want policyholders to pay 10% of health claims
Non-life insurers are considering a 10% co-payment by policyholders on retail health policies from Jan 1, 2027, with the patient's contribution capped at Rs 5 lakh per claim. In return, customers would pay lower annual premiums.
๐35๐7
Indian Development News ๐ฎ๐ณ
Jantar Mantar officially de-notified as protest site in Delhi. Home Ministry committee recommends 3 alternatives: Ramlila Ground, Burari Ground & CBD Ground: #Policy
Supreme Court now says it will examine whether Delhi Police took into consideration everything before denotifying Jantar Mantar as a protest site!!
It was the very same Supreme Court which asked the Government to consider shifting away the designated protest venue from Jantar Mantar!!
#policy #law
It was the very same Supreme Court which asked the Government to consider shifting away the designated protest venue from Jantar Mantar!!
#policy #law
๐39๐10๐9๐1
Indian Development News ๐ฎ๐ณ
๐จ BREAKING: PLANNED MASS SHOOTING AT A HINDU TEMPLE IN THE US FOILED! 19-year-old Alexandros Paporakis has been arrested for allegedly plotting an attack on Sri Venkateswara Temple in Aurora, Illinois. A Taco Bell co-worker alerted law enforcement afterโฆ
#ForeignAffairs Indian MEA statement on the attempted mass shooting at a Hindu temple in the Chicago area by a white American terrorist:
๐46โคโ๐ฅ4๐คฏ2
Commerce Minister Piyush Goyal on India, US trade agreement 1st tranche:
"It has been finalized, going through final, Legal drafting. Hope to finalize soon, Operationalise it once we get competitive advantage to peer Countries"
#Trade #Geopolitics
"It has been finalized, going through final, Legal drafting. Hope to finalize soon, Operationalise it once we get competitive advantage to peer Countries"
#Trade #Geopolitics
๐ฅ33๐11๐ค3โค1๐1
Traders Association in Delhi filed a plea before the Delhi High Court regarding the proposed Rally by CJP in Connaught Place tomorrow at 5 PM!!
#law
#law
โค52๐9๐7๐3๐คฃ2๐1
NSO has conducted India's first #survey on 'How Indian households travel' covering more than 14000 villages and 10000 urban blocks.
India primarily commutes to work using two-wheelers (~43%) or by walking (~28%). Barely 10% of Indians use public transit to get to work. The average commute to work costs a person โน785 a month: โน1044 in urban areas and โน612 in rural areas.
Source
India primarily commutes to work using two-wheelers (~43%) or by walking (~28%). Barely 10% of Indians use public transit to get to work. The average commute to work costs a person โน785 a month: โน1044 in urban areas and โน612 in rural areas.
Source
๐39๐ฅ4๐3๐ข2โค1
Indian Development News ๐ฎ๐ณ
Minister of State for Information and Broadcasting and Parliamentary Affairs, L. Murugan, resigns from both his ministry and membership of the Rajya Sabha
President of India, as advised by the Prime Minister, has accepted the resignation of Dr. L. Murugan from the Union Council of Ministers, with immediate effect: Rashtrapati Bhavan
#Policy
#Policy
โค38๐12
Delhi Ramlila to burn 30-foot 'Cockroach' effigy alongside Ravan
A 30-foot-tall "cockroach" effigy will go up in flames alongside those of Ravan, Kumbhkaran, and Meghnad at a Ramlila in the national capital this year.
A 30-foot-tall "cockroach" effigy will go up in flames alongside those of Ravan, Kumbhkaran, and Meghnad at a Ramlila in the national capital this year.
๐ฅ91๐คฃ25โค8โก4๐คฌ2๐1๐1
Election Commission of India (ECI) has directed 17 States and Union Territories to conduct a Special Summary Revision (SSR) of electoral rolls under Section 21 of the Representation of the People Act, 1950, with January 1, 2027, as the qualifying date.
The revision will cover Andaman and Nicobar Islands, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Kerala, Lakshadweep, Madhya Pradesh, Manipur, Puducherry, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal.
The Commission stated that the schedule for SSR in States and UTs where the Special Intensive Revision (SIR) is ongoing or has recently been completed will be announced later.
#Policy
The revision will cover Andaman and Nicobar Islands, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Kerala, Lakshadweep, Madhya Pradesh, Manipur, Puducherry, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal.
The Commission stated that the schedule for SSR in States and UTs where the Special Intensive Revision (SIR) is ongoing or has recently been completed will be announced later.
#Policy
โค44๐ฅ12๐7๐1
Central Park, CP in New Delhi will be closed for Public from 16-17 October 2026. #Policy
โคโ๐ฅ44๐10โค5๐2๐คฃ2๐ค1
๐ข India #Trade Data: Sep 2026 ๐
๐ Total Sep Exports: $80.75B (+16.6% YoY)
๐ Total Sep Imports: $94.05B
๐ Sector Breakdown (Sep):
๐ฆ Goods: $44.40B Exports | $74.61B Imports | (Deficit: $30.21B)
๐ผ Services: $36.35B Exports | $19.44B Imports ๐ฐ (Surplus: $16.91B)
๐ฅ Top Performers (Goods & Services):
โฌ๏ธ Exports: Electronics ๐ฑ (+70.44%), Engineering Goods โ๏ธ, IT/Software ๐ป
โฌ๏ธ Imports: Crude Oil ๐ข๏ธ (+30.76%), Tech Licensing ๐
โฌ๏ธ Sharp Drop: Gold Imports ๐ช (-81.27%)
๐ Cumulative (Apr โ Sep 2026):
๐ Total Combined Exports: $476.20B
๐ Total Combined Imports: $551.13B
๐ค Net Trade Balance: -$74.93B Deficit
#Economy
๐ PiB
๐ Total Sep Exports: $80.75B (+16.6% YoY)
๐ Total Sep Imports: $94.05B
๐ Sector Breakdown (Sep):
๐ฆ Goods: $44.40B Exports | $74.61B Imports | (Deficit: $30.21B)
๐ผ Services: $36.35B Exports | $19.44B Imports ๐ฐ (Surplus: $16.91B)
๐ฅ Top Performers (Goods & Services):
โฌ๏ธ Exports: Electronics ๐ฑ (+70.44%), Engineering Goods โ๏ธ, IT/Software ๐ป
โฌ๏ธ Imports: Crude Oil ๐ข๏ธ (+30.76%), Tech Licensing ๐
โฌ๏ธ Sharp Drop: Gold Imports ๐ช (-81.27%)
๐ Cumulative (Apr โ Sep 2026):
๐ Total Combined Exports: $476.20B
๐ Total Combined Imports: $551.13B
๐ค Net Trade Balance: -$74.93B Deficit
๐ฅ Milestone: India's Trailing Twelve Month (TTM) exports hit a record $927.0 Billion, holding strong above the $900B mark for 3 months straight! ๐
#Economy
๐ PiB
โค23๐5๐5๐ฅ1๐1
โจ๏ธ๐ฎ๐ณ Logitech opens its first local factory in Manesar, Haryana, under 'Make in India'.
Phase 1 produces webcams, mice, and keyboards via an EMS partner to reduce turnaround times and improve supply resilience.
This complements their Chennai Global Capability Center to target India's internet and PC user base. #MakeinIndia
Source
Phase 1 produces webcams, mice, and keyboards via an EMS partner to reduce turnaround times and improve supply resilience.
This complements their Chennai Global Capability Center to target India's internet and PC user base. #MakeinIndia
Source
The Times of India
Logitech starts manufacturing in India, sets up production in Haryana
Logitech has started manufacturing in India, with production based in Manesar, Haryana. In a press release, the company said that the move underlines its long-term commitment to India by broadening its in-country capabilities to include localized productโฆ
๐42โคโ๐ฅ7๐ฅ1
Attorney General of India R. Venkataramani grants CONSENT for CRIMINAL CONTEMPT proceedings against Journalist Nikhil Wagle & Shiv Sena (UBT) MP Sanjay Raut over their remarks targeting CJI Surya Kant.
#Judiciary
#Judiciary
โก51๐16๐ฅ9โค2๐1๐ค1
In a boost to the Indian Air Forceโs (IAF) communications capabilities, the #Defence Ministry on Thursday signed a Rs 2,563-crore contract with NewSpace India Limited (NSIL), Bengaluru, for the acquisition of GSAT-7C, the IAFโs first dedicated communications satellite. #Space
Read more
Read more
ThePrint
IAF to get first dedicated communications satellite GSAT-7C, to be operational by 2030
GSAT-7C will form part of a military communications network linking satellite infrastructure, ground hubs and software-defined radios (SDRs).
๐38โค9๐2๐ฅ1๐ค1
Major Indian mutual fund houses have suspended fresh lump-sum subscriptions, switch-ins, and new SIPs in Gold and Silver ETFs and Fund of Funds (FoFs) effective October 16, 2026, following a regulatory directive from SEBI amid rising import volumes.
Industry sources confirm that existing SIPs, STPs, and redemptions remain completely unaffected and will continue to process as normal. #Policy
Source
Industry sources confirm that existing SIPs, STPs, and redemptions remain completely unaffected and will continue to process as normal. #Policy
Source
๐26โค2๐2
๐๐ง๐ช Mankind Pharma to acquire 70% stake in Belgian biotech Armed Cell Therapeutics (ACTx) for โฌ48M (~โน511 cr) via Netherlands subsidiary โ marks entry into next-gen CAR-T cancer therapies. Deal gives access to armed CAR-T platform targeting non-Hodgkin lymphoma & small-cell lung cancer, with in-vivo production tech to tackle relapse & solid tumours. #Medicine #Health
Source
Source
Business-Standard
Mankind Pharma to acquire 70% in Belgian biotech firm for โฌ48 million
Deal marks entry into next-generation CAR-T cancer therapies as company expands global innovation ambitions
๐37โค3๐ฅ2โก1
Media is too big
VIEW IN TELEGRAM
Tesla releases a new car called Tesla Roadster.
It can stick to 180ยฐ surfaces and can even fly.
Straight out of a sci-fi movie. #InternationalNews
It can stick to 180ยฐ surfaces and can even fly.
Straight out of a sci-fi movie. #InternationalNews
๐32๐คฏ26โค4๐คฃ4๐1