Page 11 - Defence Firms

Govt imposes fine on US firm over delays in delivery of Tejas Mk1 engines

Initially, GE Aerospace was expected to begin engine deliveries in March 2023 to support HAL's production of Tejas Mk1. However, the first batch of engines is now anticipated to arrive by April 2025

BFSI sector valuation discount to overall market at a record high

Valuation re-rating has been much sharper for non-BFSI companies

Have the FIIs lost their way amid DIIs capitalisation on market rally

FIIs failed to participate in the big runup in better-quality infrastructure cos, defence and energy transition and public-sector companies, many of which have reported vastly improved performances

Avoid export of missile-related items to Russia: US cautions India Inc

Flags risk of suppliers facing Western sanctions

Large language models: GenAI that works for India's defence sector

Security agencies need GenAI for intelligence gathering, logistics and autonomous combat systems

Budget Frontlines: Over a million-strong CAPF, the Centre's invisible army

Central armed police forces provide the government an option before the Army's deployment. They are not paramilitary, but armed police forces, activated in crises

Budget 2024: Uptick in share of capital expenditure in defence spends

Higher allocations seen in latest Union Budget

Defence ministry notifies fifth indigenisation list of 346 items for DPSUs

Consisting of 346 defence items, it aims to boost atmanirbharta

This smallcap defence electronics stocks has zoomed 111% from June low

Shares of Avantel hit a new high of Rs 223.80, up 9% in intra-day trade on Tuesday; the stock has surged 21% in past three trading days.

India logs all-time high defence production value at over Rs 1.26 trillion

According to an official press release by the defence ministry, 79.2 per cent of the production was undertaken by the DPSUs and the other PSUs while 20.8 per cent by the private players

Motilal Oswal launches India's first Defence Index Fund: Should you invest?

Motilal Oswal Asset Management Company (MOAMC) has launched the Motilal Oswal Nifty India Defence Index Fund, a first-of-its-kind passive fund focused on the sector.

Cognizant Technologies to acquire Belcan for $1.3 billion in cash and stock

The deal would expand Teaneck, New Jersey-based Cognizant's footprint in the aerospace, defense, space and automotive sectors

US, India in talks for $3.99 billion MQ-9B drone deal. Details here

The drones, intended for maritime roles, will be stationed at three hubs, including INS Rajali in Tamil Nadu

Expecting daily positive moves in stock market is unreasonable: Parekh

Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview

Why is Nomura betting big on RIL, BEL, Exide, Sona BLW and Uno Minda?

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

Defense stocks on a roll; BDL, BEL, HAL, Cochin Shipyard rally 5%

The Government of India's initiatives to make India self-reliant in providing weapon systems to the Indian Armed Forces and clearance for export to FFCs have opened plenty of opportunities for defense

HAL Q4 results: Net profit rises 52% to Rs 4,309 cr, revenue up over 18%

Capital goods and manufacturing companies have benefited throughout fiscal 2024 from the Indian government's push for higher capital expenditure. This extended into the fourth quarter

Effective defence-industry ecosystem developing in country: General Pande

Army Chief Gen Manoj Pande on Wednesday said an effective defence-industry ecosystem is taking shape in the country and veterans with their field experience are "ideally suited" for incorporation into indigenous research and manufacturing of technological solutions required by the force. In his address at the Army Welfare Placement Organisation (AWPO) Summit 2024 held at the Manekshaw Centre here, he said the Army's responsibility towards its veterans remains a "sacred commitment". The aim of the summit was to bring together different stakeholders on a common platform, to narrow down the gap between enterprise requirements, veteran competencies and the pursuits of AWPO. "While the demand for skilled and experienced workforce exists at the industry end, at the same time, a human resource pool of veterans with adequate experience and unique skill sets is also available, after they exit from active service each year. The endeavour is to synergise the two as well as strengthen the ...

Malaysia defends companies supplying weapons to Israel at defence show

Malaysia will not interfere in business relations between arms manufacturers and other countries, its defence minister said Tuesday, after protesters demanded that the government expel companies that supply weapons to Israel from an international exhibition. More than 1,300 companies from 60 nations are participating in Defence Services Asia and the concurrent National Security Asia exhibitions that started Monday. The events are hosted and co-organised by Malaysia's Defence Ministry and Home Affairs Ministry. The Solidarity for Palestinian coalition held a brief rally outside the exhibition centre on Tuesday to protest the presence of US weapons maker Lockheed Martin, European missile manufacturer MBDA and others that provide arms to Israel. The coalition accused the manufacturers of being complicit in Israel's offensive in Gaza. They said the companies' presence was inconsistent with the Malaysian government's support of Palestinian statehood and insensitive to the many Malaysians

Filling the submarine gap

Addressing this deficiency should be a top priority for the new govt, given India's role as the gatekeeper to the Indian Ocean