domestic steel industry

India's economy shows 'cautious resilience' despite global headwinds like Middle East conflict and rising oil prices. While manufacturing and services remain strong, and forex reserves offer a buffer, inflation concerns are mounting due to wholesale price surges. A weaker monsoon could further challenge growth and rural demand.

India is set to revolutionize its mechanized warfare with the Future Infantry Combat Vehicle (FICV) program, replacing aging BMPs with advanced, indigenous platforms. This multi-billion dollar initiative emphasizes drone integration, digitization, and high-mobility capabilities, marking a significant shift towards self-reliance in defense manufacturing and modernizing the Army's battlefield prowess.

India must urgently develop its own frontier-scale AI models to avoid becoming a passive consumer and to shape global technology rules, according to Sarvam AI co-founder Pratyush Kumar. The company is preparing to train a trillion-parameter AI model, emphasizing the need for strategic capability and ownership of foundational models to capture economic value and prevent repeating past technological revolution mistakes.

The vision for a Software Technology Parks of India (STPI) center in Bokaro, which has been in the works for almost a decade, is stalling due to inadequate funding from the state government. Despite securing land in 2017 for a sprawling 55,000-square-foot facility, construction is still at a standstill.

Stock market recommendations: For the trading week starting April 27, 2026, Tata Steel, and Cyient DLM are the top stock picks from Motilal Oswal Wealth Management Research Desk.

Odisha CM Mohan Charan Majhi inaugurated a Rs 1,647 crore grid sub-station in Keonjhar, aiming to transform the district into the "second Jamshedpur of eastern India." The project, along with new transmission lines, will benefit over 7 lakh consumers and bolster industrial power supply. Plans include remote grid management and future substations to meet rising demand.

India-New Zealand FTA: It aims to double bilateral trade, provide Indian exporters duty-free access to the New Zealand market, and attract investments worth $20 billion over the next 15 years.

India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.

TCS receives a 'buy' rating with a Rs 3,100 target, showing improved international business and strong bookings. Eicher Motors' electric Flying Flea is noted, though mainstream adoption needs further refinement. Delhivery's share price remains resilient amid fuel concerns, with robust near-term demand. JSW Steel's Q4FY26 production saw a dip due to expansion shutdowns.

Indian stock markets fell sharply on Thursday. The Sensex dropped over 900 points. Renewed tensions in West Asia impacted investor sentiment. Rising crude oil prices and foreign fund outflows also contributed to the decline. Global markets also traded lower. Profit-booking was observed after a recent rally.