U.S. aerospace and defence giant Lockheed Martin is strengthening its partnership with India as part of its long-term commitment to the country’s defence manufacturing ecosystem. Building on years of industrial cooperation and technology sharing, the company aims to enhance local production capabilities and foster innovation in next-generation aerospace and defence systems. The collaboration aligns with India’s ‘Make in India’ and Atmanirbhar Bharat initiatives, seeking to boost indigenous defence production and reduce reliance on imports.

India’s Minister of Commerce and Industry, Piyush Goyal, met with a high-level delegation from the Utah State Senate to discuss opportunities for collaboration in artificial intelligence, clean energy, and emerging technologies. The dialogue focused on fostering bilateral innovation, sustainable energy solutions, and digital transformation. Both sides emphasized strengthening academic partnerships, industrial cooperation, and joint research aimed at promoting innovation-driven economic growth.

In a strategic move to bolster its technological capabilities, Razorpay has appointed former Google executive Vishal Gupta as its Senior Vice President of Engineering. This leadership addition underscores the fintech company’s commitment to scaling innovation, enhancing product reliability, and strengthening infrastructure as it expands across payments, banking, and lending segments.

Pharmaceutical major Glenmark Pharmaceuticals Ltd. has received regulatory approval in China for its RYALTRIS nasal spray, a fixed-dose combination used to treat symptoms of allergic rhinitis. The clearance from Chinese authorities marks a significant milestone in Glenmark’s global respiratory portfolio expansion and strengthens its presence in one of the world’s largest pharmaceutical markets. Developed in-house and marketed across multiple countries, Ryaltris is now approved in over 70 markets worldwide.

Union Home and Cooperation Minister Amit Shah has launched three digital initiatives aimed at modernizing the urban cooperative banking (UCB) sector, marking a pivotal step toward enhancing operational efficiency, transparency, and customer reach. The new digital platforms are designed to integrate technology into cooperative banking processes, enabling smoother transactions, improved regulatory compliance, and better service delivery.

In a strategic move to enhance supply chain transparency and strengthen sustainability governance, GHCL Ltd has partnered with AuthBridge, a leading authentication and background verification platform, to digitize and automate its supplier Environmental, Social, and Governance (ESG) compliance processes. The collaboration aims to ensure that GHCL’s vendor ecosystem adheres to ethical, environmental, and social responsibility standards aligned with global sustainability benchmarks.

Highway Infrastructure Ltd reported a notable rise in profit after tax (PAT) for the second quarter (Q2), driven by steady project execution and cost optimization initiatives. The company attributed its improved financial performance to strong revenue inflows from its existing projects and a healthier order book outlook. With new engineering, procurement, and construction (EPC) projects in the pipeline, the company expects sustained growth momentum in the coming quarters.

The Air Traffic Safety Electronics Personnel Association of India (ATSEPA) has called upon the government to expedite modernization of airport navigation and communication systems, citing concerns over outdated equipment and growing air traffic volumes. The association emphasized the urgent need to upgrade critical air traffic management (ATM) technologies to international standards to ensure operational safety, efficiency, and sustainability.

India’s largest private steelmaker, JSW Steel Ltd, reported a 9% year-on-year increase in crude steel production for October 2025, reflecting a sustained revival in domestic demand across key sectors such as infrastructure, automotive, and construction. The company’s total crude steel output reached 2.06 million tonnes, supported by stable plant utilization and operational efficiencies across its manufacturing facilities.

Flexible workspace provider WeWork India reported a steep decline in profit for the second quarter of FY2025, reflecting the impact of rising operational costs, subdued enterprise demand, and a challenging commercial real estate environment. While revenue continued to grow on the back of steady occupancy levels and client renewals, profit margins narrowed sharply due to higher rentals, employee expenses, and maintenance costs.