Indiaâs Sept PMI eases to 57.7 | Rajnath Singh pushes defence sector innovation | Airbus, TASL to set up Indiaâs 1st private helicopter assembly line
Defence Minister Rajnath Singh, while speaking at the Defence Accounts Department's 278th Foundation Day on Wednesday, highlighted the need to create an innovative ecosystem to boost research and development in the country, which can enhance the defence sector in the face of
changing warfare.
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The company plans to position India as a global manufacturing hub, investing $600 million in a new Andhra Pradesh factory to leverage competitive labor costs and strong domestic demand. This strategic move will open new export markets like Europe.
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LTTS will support the client's initiatives in new product development, sustenance engineering, value engineering, and platform automation.
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The Federal Aviation Administration also proposed fines exceeding $3.1 million against the plane manufacturer for safety violations that occurred between September 2023 and February 2024.
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The index was the lowest since April and below the 50 level that divides growth from contraction, and its output component dropped to a six-month low of 45.7 from 49.3.
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The HCOB Eurozone Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 49.8 in September from 50.7 in August.
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However, easing price pressures, including slower rises in input costs and selling prices, provided justification for the Bank of Canada's recent interest rate cut.
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Gross domestic revenue grew 6.8 percent. Average monthly collections for FY26 are projected near â¹2 lakh crore. This indicates economic activity continues.
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Private sector employment shed 32,000 jobs last month, with the biggest losses seen in sectors like leisure and hospitality and professional services, as well as in financial activities.
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"Based on what we see, we will seek clarification from the central government. If required, I will take up the matter at different levels to ensure that the interests of our people are protected," Sangma said.
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In India, the company has expanded distribution to 75 retail outlets, opened its first luxury experience centre at The White Crow in Mumbai, and launched Sonos Sound Suites, a listening series designed to blend traditional influences with modern sound and tap into India's
music culture.
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The Santa Clara, California-based startup, which is backed by Intel CEO Lip-Bu Tan, is focused on designing chips based on the RISC-V architecture, an open-source alternative to the architectures made by Arm, Intel and AMD.
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This strategic move helps Qualcomm compete against rivals and is particularly notable given the recent acrimonious legal battle between the two companies, signaling a positive development for Arm.
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