Even after consistent selling in defence and rail PSU stocks, the long-term prospects of the two sectors remains positive, says Viraj Gandhi, CEO of Samco Mutual Fund. “Given the current values, one should carefully assess these sectors. If one can withstand further short-term downside, this could be an excellent chance to add to these names,” … Read more
Sreenidhi Educational Group announced the inauguration of the Defence Aspirants Wing (DAW), a dedicated programme aimed at grooming young men and women for a successful career in Indian armed forces. The DAW is designed to provide comprehensive training and mentorship to students aspiring to join the National Defence Academy (NDA), Combined Defence Services (CDS), and … Read more
Watch: Budget 2024: What’s in it for defence sector? The allocation to the Ministry of Defence for FY25 is higher by approximately Rs 1 lakh crore (18.43 per cent) than the allocation for FY23 and 4.79 per cent more than the allocation of FY24, the MoD stated. While maintaining the allocation made to the Ministry … Read more
Indian Air Force Vice Chief Air Marshal Amar Preet Singh addresses the Air and Missile Defence India 2024 Seminar, at Air Force Auditorium, in New Delhi on Friday. | Photo Credit: ANI Aatmanirbharta (self-reliance) is what we are riding on, but this self-reliance cannot be at the cost of the nation’s defence, Vice Chief of … Read more
“The excesses were created on Monday because of the exit poll getting it all wrong and people leveraging in PSUs and so on of defence. I always held the view that defence and railways were overpriced to 2027 level and PSU selective are very-very frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Real slam dunk for the … Read more
“We are aware that Indonesia is also keen to build its own defence industry. We are keen to share our experiences in this endeavour,” said Sandeep Chakravorty, Indian envoy in Indonesia addressing the first-ever “India-Indonesia defence industry exhibition-cum-seminar” organised in Jakarta as the two countries mark the 75th year of establishment of diplomatic ties. This … Read more
In this photo released by the Russian Defense Ministry Press Service on Friday, April 26, 2024, Russian Defense Minister Sergei Shoigu, fourth right, and Minister of National Defense of the People’s Republic of China Dong Jun, fours left, attend the talks on the sidelines of the Shanghai Cooperation Organisation (SCO) Defense Ministers’ Meeting in Astana, … Read more
The Defence Ministry on Friday issued a tender to Hindustan Aeronautics Limited (HAL) for the acquisition of as many as 97 additional Light Combat Aircraft (LCA) Tejas Mark-1A fighter jets, senior officials told India Today TV. The HAL will have three months to respond to the Defence Ministry’s tender, they added. The tender to buy … Read more
Image used for representative purpose only. | Photo Credit: R. V. Moorthy The Ministry of Defence has signed a ₹200 crore contract for anti-drone systems for the Indian Army and Indian Air Force (IAF) with Big Bang Boom Solutions Private Limited (BBBS). This is the largest contract signed by the MoD under the Innovations for … Read more
Krishnamurthy Subramanian. | Photo Credit: The Hindu Taking a tough stance, India has batted for “stringent monitoring” of any emergency funds provided by the International Monetary Fund (IMF) to its financially beleaguered neighbour Pakistan, stressing that such funds must not be redeployed towards defence bills or repayment of loans from other countries. India’s position was … Read more