IPO ahead! Paramotor Digital Technology files updated draft papers with Sebi for Rs 1,000 crore issue

Economic Times - Oct 14, 2026

Paramotor Digital Technology has filed updated draft IPO papers with Sebi for a Rs 1,000 crore issue, comprising a fresh issue of Rs 698 crore and an offer for sale of Rs 302 crore. The fintech company plans to use the proceeds primarily for customer acquisition, technology development and business expansion.

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CBI arrests Munitions India Limited official, SMPP CEO in defence leaks-for-money case
Oct 14, 2026
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The CBI has arrested Anil Kumar, Munitions India Limited executive director, and SMPP CEO Ashish Kansal. They are charged with accepting bribes and leaking sensitive defense information related to a major supply contract. Cash amounting to over Rs 2.2 crore was recovered during searches at various premises. Additional individuals connected to the case are also implicated for their roles in the conspiracy.

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Oct 14, 2026
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Oct 14, 2026
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Gopalan Aerospace India plans to raise its drone production from 25 units to 500 monthly. The company aims to expand its product lines, particularly in unmanned aerial vehicles and loitering munitions. A new production line has been launched at the Hoskote facility to support scaling efforts. Gopalan Aerospace India expects to generate around $50 million annually at full capacity.

Abhishek Banerjee vows legal fight up to Supreme Court after 6-hour police questioning
Oct 14, 2026
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Oct 14, 2026
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Oct 14, 2026
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Delhi Half Marathon revises route, shifts Open 10K start to JLN Stadium
Oct 14, 2026
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In 1924, an amateur palaeontologist found a fossil in the UK that remained unstudied for years. Now, scientists say it's a new dinosaur species
Oct 14, 2026
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