India News

The development follows a series of market entries. PartnerRe Ltd. obtained a license in February to open a branch in GIFT City, forming part of its Asia-Pacific reinsurance operations led by James Beedle. Additional reinsurers launching or receiving approvals in 2026 include Allianz Jio Reinsurance, Echo Re, Santam, MAPFRE Re, and Saudi Re, based on…

India has approved the purchase of S-400 anti-aircraft missile systems, transport aircraft, and strike drones from Russia as part of a major military modernization program. The deal, valued at $25 billion, was confirmed by the country’s Ministry of Defense on March 27. The defense package also includes armor-piercing tank ammunition, artillery systems, aerial surveillance equipment,…

India on Friday moved to protect its fuel supply and consumers by reducing domestic taxes on gasoline and diesel and imposing a levy on fuel exports. In view of the West Asia crisis, the central excise duty on petrol and diesel for domestic consumption has been reduced by 10 rupees ($0.11) per liter each, Finance…

TAMPA, Fla. — India-based Bellatrix Aerospace announced March 27 it has raised $20 million to ramp up production of its satellite propulsion systems after securing its first large commercial customer outside the country. Indian venture capital firm Cactus Partners led the pre-Series B funding round, which Bellatrix said will help it shift to large-scale manufacturing…

India’s private sector activity moderated to its slowest pace since October 2022 in March, as weak domestic demand offset a surge in export orders, according to the HSBC flash Purchasing Managers’ Index compiled by S&P Global, as quoted on CNBC. The HSBC flash India Composite PMI – which tracks combined manufacturing and services output –…

BREMEN – Non-profit organisation Fairtrade has released a new study which it claims shows that Fairtrade-certified organic cotton production in India is associated with significantly lower greenhouse gas emissions and improved economic outcomes for farmers. The research, which assessed 516 cotton farmers in India and was presented at this week’s International Cotton Conference in Bremen, also…

Eugenio Chacarra will take a one-shot lead into the weekend of the 2026 Hero Indian Open as he looks to successfully defend his title at DLF Golf & Country Club. The Spaniard carded a three under par round of 69 to reach eight under in Delhi, one ahead of playing partner Casey Jarvis who posted…