domestic steel industry

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.

US President Trump has imposed steep 100% tariffs on imported patented medicines and new duties on steel, aluminium, and copper. This aims to compel companies to manufacture within the US, with exemptions for some nations. The move seeks to bolster domestic production and national security, building on previous trade actions.

Three Democratic senators urged President Trump to block Chinese automakers from entering the U.S. market, citing economic and national security risks. They highlighted concerns over unfair competition, state-backed subsidies, and potential data security threats from connected vehicles. The senators also called for preventing Chinese vehicles from entering the U.S. via Canada and Mexico.

Coal India Limited (CIL) will invest Rs 3,300 crore to establish eight new coking coal washeries in Jharkhand, aiming for a cumulative capacity of 21.5 million tonnes per year by 2029-30. This expansion, alongside modernization of existing facilities, aims to improve domestic coking coal quality and reduce import dependence for the steel industry.

India's manufacturing sector experienced a slowdown in March, with growth moderating due to rising costs, intense competition, and global uncertainties like the Middle East conflict. While new orders and output saw slower expansion, employment surged, and export demand remained robust, indicating a mixed but resilient industrial landscape.

Amidst global energy supply concerns due to Middle East conflict, India has boosted commercial LPG allocation to 70% for industries like steel, auto, and textiles. This move aims to support labour-intensive sectors and those with specialized heating needs. The government also assured fuel security, refuting shortage claims and increasing refinery output.

Pankaj Chadha, chairman of engineering exports body EEPC India, said the measure will help steel mills, particularly smaller units, maintain production. “Steel is a key segment of the engineering goods sector, and its shortage could severely impact the production chain. The additional LPG allocation should minimise supply bottlenecks and ensure steady output,” he added.