CONTRACT
India-US to conclude USD 1 bn deal by October: HAL Chairman on 113 GE-404 engine deal
India is set to finalize a major deal with General Electric for fighter jet engines. The agreement is expected by October. Hindustan Aeronautics Limited will receive the engines. Deliveries are scheduled to begin in 2027-28. HAL also secured a contract for LCA Mk1A jets. This boosts India's defense indigenization efforts. The deal supports the Atmanirbhar Bharat vision.
India’s options crackdown gives 150-year-old bourse surprise win
BSE is gaining ground in India’s derivatives market after SEBI’s crackdown reshaped weekly expiries. By shifting its contracts to Thursdays, the 150-year-old exchange has captured traders’ attention, challenging NSE’s long-held dominance. While liquidity hurdles remain, BSE’s rising turnover on expiry days signals a shift in market dynamics that could redefine competition in derivatives trading.
Could SEBI's potential clampdown on weekly contracts disrupt India's derivatives market?
Weekly derivatives contracts in India are under scrutiny. Securities and Exchange Board of India is considering potential curbs. This follows concerns about speculation by individual traders. Restrictions could impact market liquidity and trading volumes. Exchanges and brokers may face challenges. Market participants worry about higher hedging costs. The regulator aims to address systemic risk in the derivatives segment.
Silver prices soar to record highs in India driven by strong global cues
Silver prices in Delhi soared to a record ₹1.40 lakh per kg, driven by strong global cues. Conversely, gold prices dipped to ₹1,17,370 per 10 grams due to weak retail demand. Futures trading saw silver contracts reach new peaks, while gold also experienced gains, fueled by expectations of Federal Reserve rate cuts.
Railways rolls out new tender conditions to boost flexibility
Indian Railways introduces new contract conditions for tenders. The new rules focus on localisation and price changes. These aim to ease procurement and reduce legal issues. Contractors now have more time to fix faulty goods. GST compliance is also enhanced. Railways exceeded its capital expenditure target last year. This year's target remains unchanged. These steps support infrastructure spending growth.
No discussion about French engine as far as LCM Mk2 is concerned: HAL Chairman DK Sunil
HAL Chairman DK Sunil said American GE will ramp up supply of GE-404 engines for LCA Mk1A jets, with 12 expected by March-end and 20 next year. HAL plans to sign a $1 billion contract for 113 engines in October. The Defence Ministry has signed a Rs 62,370-crore deal with HAL for 97 LCA Mk1A jets, boosting indigenous content and creating thousands of jobs.
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US goods trade deficit contracts sharply to $85.5 bn in August
The U.S. goods trade deficit narrowed 16.8% to $85.5 billion in August, sharply below forecasts, as imports dropped $19.6 billion to $261.6 billion while exports fell $2.3 billion to $176.1 billion. Volatile trade flows, driven by President Trump’s tariffs, have weighed on growth. Third-quarter GDP estimates hover near 2.5%, down from 3.8% in April-June.
HAL shares rise 2% as Ministry of Defence inks Rs 62,370 crore deal for 97 Tejas Mk-1A jets
Hindustan Aeronautics Limited (HAL) surged after securing a Rs 62,370 crore contract from the Ministry of Defence to supply 97 Tejas Mk-1A fighter jets, boosting indigenous defence manufacturing and strengthening the Indian Air Force’s fleet modernization plans.
Defence Ministry, HAL ink Rs 62,370 crore deal for 97 LCA Mk1A jets, deliveries to begin in 2027
The Ministry of Defence has contracted with HAL for 97 LCA Mk1A aircraft, comprising 68 fighter variants and 29 twin-seaters, valued at Rs 62,370 crore. These advanced aircraft will feature indigenous technologies like the UTTAM AESA radar and Swayam Raksha Kavach, with over 64% indigenous content.
Sebi hasn’t started consultation process to remove weekly expiry, says Nithin Kamath
Sebi has intensified scrutiny of the options market following surveys highlighting significant retail losses. The regulator floated the idea of extending derivative contract tenures last month and recently introduced measures such as delta-based open interest calculation. These changes could impact major market participants, potentially moderating trading volumes and reducing volatility, while Kamath acknowledged possible restrictions on weekly options or stricter suitability norms.
L&T, BEL join hands to bid for next-gen fighter jet contract
Larsen & Toubro and Bharat Electronics Limited have formed a strategic partnership to bid for the Advanced Multirole Combat Aircraft (AMCA) program, aiming to develop next-generation fighter jets for the Indian Air Force. Tata Advanced Systems Limited is expected to bid independently, while Hindustan Aeronautics Limited (HAL) will likely need a private sector partner due to qualification terms.
Govt makes it mandatory to register non-basmati rice contracts with APEDA for shipments
The government on Wednesday mandated that exports of non-basmati rice will be allowed only after registration with the Agricultural and Processed Food Products Export Development Authority (APEDA). The Directorate General of Foreign Trade (DGFT) said the export policy has been amended to include this condition. India’s rice exports rose 6.4% to USD 4.7 billion in April-August FY26.
Dilip Buildcon shares rally 6% on Rs 1,115 crore Kerala industrial project win
Dilip Buildcon shares: Dilip Buildcon has emerged as the lowest bidder (L-1) for a ₹1,115 crore industrial corridor project in Kerala. The contract, awarded by the Kerala Industrial Corridor Development Corporation, includes design, construction, and O&M of infrastructure at Pudussery Central and Kannambra in Palakkad.
InCred & Analah led consortium invests Rs 50 crore in PRISM-backed Sunday PropTech
An InCred & Analah-led consortium has invested Rs 50 Crore in Sunday PropTech Limited (Oyo Assets), enabling PRISM to expand its premium hotel portfolio in India. Sunday PropTech will acquire and develop high-quality hotels, operating them under PRISM's brands. This investment will fuel the launch of 40 new 4- and 5-star Sunday Hotels across India and other locations by FY26.
Bruce Pearl net worth 2025: You won't believe how much money Auburn Tigers' head coach makes
Bruce Pearl, Auburn men’s basketball head coach, is expected to retire ahead of the 2025–26 season, passing the reins to his son, Steven. One of college basketball's highest-paid coaches, Bruce Pearl has reportedly resigned from Auburn after 11 years. Pearl has built his staggering net worth marked by high-value contracts, endorsements, and performance bonuses.
Icomm-Caracal to supply 200 CSR 338 sniper rifles for CRPF
Caracal, in collaboration with Icomm Tele Ltd, has secured a contract to supply 200 CSR 338 sniper rifles to India's Central Reserve Police Force. These rifles will be manufactured at the Icomm Caracal Small Arms Complex in Hyderabad, supporting the 'Make in India' initiative. Delivery of the India-produced sniper rifles is scheduled for the fourth quarter of 2025.
Standalone dealers get nod to deal in rupee NDFs
The Reserve Bank of India has authorized standalone primary dealers to deal in non-deliverable rupee derivatives, effective immediately. This decision follows the RBI's August 2022 authorization allowing PDs to offer foreign exchange facilities. The move aims to strengthen PDs' role as market makers, broaden forex customers' currency risk management options, and enhance India's forex market.
ONGC directed to take charge of Vedanta oil block
The govt has directed ONGC to take over operational control of an oil and gas block from Vedanta after rejecting its contract renewal request, a decision challenged in the Delhi High Court. This marks the first instance of such a denial, impacting Vedanta's production, though the company downplays the financial effect.
Meta's AI system Llama approved for use by US government agencies
The General Services Administration, the government's purchasing arm, will add Llama to its list of approved AI tools for federal agencies, said Josh Gruenbaum, the GSA's procurement lead, in an interview ahead of announcing the initiative.
Ericsson gets $1.33 billion 5G contract from VodafoneThree
Ericsson has secured a significant eight-year deal valued at 12.5 billion Swedish crowns to provide 5G equipment to VodafoneThree's UK mobile network. This partnership aims to enhance data speeds for customers in major cities like London and Edinburgh. The contract arrives as Ericsson navigates market slowdowns in India and tariff-related profit challenges in the United States.
Lionel Messi's contract with Inter Miami may be extended through 2026
Lionel Messi propelled Inter Miami to a 3-2 victory over DC United, contributing to all three goals with a first-half assist and two second-half goals. He now leads the Golden Boot race with 22 goals. Reports suggest Messi is nearing a contract extension with Inter Miami until 2026, while the team prepares to face New York City FC.
Oracle eyes $20 billion AI cloud computing deal with Meta, source says
Oracle is reportedly in discussions with Meta for a substantial multi-year cloud computing agreement valued at approximately $20 billion. This potential deal highlights Meta's efforts to enhance its computing capabilities for AI model training and deployment. Following OpenAI's massive $300 billion cloud contract with Oracle, this move signifies the escalating demand for computing power in the AI sector.
Quantum Computing stock rises 26% - here's what's boosting it's growth
QUBT Stock today: Quantum Computing Inc.'s stock surged 26% following significant contracts with NASA and NIST. QUBT will support NASA's atmospheric sensing capabilities and develop advanced photonic components for NIST. Despite this growth and similar advancements by peers, analysts caution about QUBT's high valuation, projecting a loss per share in 2025.
John Cockerill India shares rally 4% on Tata Steel’s Jamshedpur project contract
John Cockerill India's shares rose after securing a contract from Tata Steel to supply a push-pull pickling line and acid regeneration plant for its Jamshedpur Tinplate Division. The advanced technology aims to enhance production efficiency and support Tata Steel's sustainability goals. Earlier this month, the company also secured a contract from JSW JFE Electrical Steel Nashik.
Flexi staffing to grow at CAGR of 17.3% to touch Rs 2.58 lakh crore in FY’27: ISF
The flexi staffing industry in India is poised for substantial growth, projected to reach Rs 2,58,000 crore by FY’27, driven by demand from logistics, BFSI, and manufacturing sectors. Maharashtra, Karnataka, Uttar Pradesh, Tamil Nadu, and Telangana will account for over half of this flexi staffing. This growth is fueled by seasonal demands and rapid industrialization, offering businesses flexibility and scalability.
Moody's flags risk in Oracle's $300 billion of recently signed AI contracts
Moody's Ratings has identified potential risks in Oracle's $300 billion AI contracts, particularly concerning reliance on a few AI companies. While acknowledging the potential of Oracle's AI infrastructure, Moody's highlights counterparty risk and anticipates increased debt outpacing EBITDA, leading to high leverage. Free cash flow is expected to remain negative for an extended period.
Lionel Messi reportedly signing multi-year extension with Inter Miami
Lionel Messi is reportedly on the verge of signing a multi-year contract extension with Inter Miami, ensuring his presence in MLS beyond 2025. Since his arrival in 2023, Messi has significantly impacted the club's success, both on and off the field. Negotiations are nearing completion, with only minor details remaining to be finalised, solidifying his future with the team.
IT contracts worth $13 billion up for renewal in coming quarters
About $13 billion worth of IT deals are set for renewal by December, with TCS, Infosys, HCLTech and Wipro competing for mega contracts. Over 600 engagements worth up to $2 billion are in play, as clients demand AI-led efficiencies amid cost pressures, keeping large-deal momentum strong through 2025.
DreamFolks suspends domestic airport lounge services amid contract losses
DreamFolks Services Ltd has suspended its domestic airport lounge services, citing it as a material event. This decision follows the termination of lounge agreements by Adani Digital, Semolina Kitchens, and the upcoming exit of Encalm Hospitality. The company is actively discussing alternative value propositions with clients while maintaining its existing contracts with banks and card partners.
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