Page 2 - Defence Firms

South Korean prosecutors seek to arrest ex-defence min over martial law

South Korean prosecutors are seeking to formally arrest the former defence minister alleged to have colluded with President Yoon Suk Yeol in imposing martial law last week, as both men are being investigated on rebellion and other charges. Martial law lasted only about six hours but was the first of its kind in more than 40 years and has caused a domestic firestorm and large street protests. Yoon and his associates face criminal investigations and impeachment attempts. The Justice Ministry has banned Yoon and eight others from leaving the country as authorities see them as key suspects in the martial law case. It's the first time that a sitting president in South Korea has received such a travel ban. The Seoul Central District Court said Tuesday it'll review prosecutors' request for a warrant to arrest former Defense Minister Kim Yong Hyun, who has been accused of recommending martial law to Yoon and sending troops to the National Assembly to block lawmakers from voting on it. Eno

Govt taps MSMEs, startups for defence tech, sanctions Rs 1,264 cr projects

India's transformation into a defence tech hub is being driven by initiatives to promote innovation, self-reliance, and collaboration among startups, MSMEs, and academia

Su-30 upgrade to naval crafts: DAC clears Rs 21,772 cr defence proposals

Approvals include ships for the Indian Navy, helicopters for the Indian Coast Guard, and an electronic warfare system for Indian Air Force jets

PM Modi at VfB Stuttgart summit: India, Germany up their game in Europe

From football and education to defence, the two countries are looking at deeper engagement in new areas

DRDO successfully completes flight tests of guided Pinaka rocket system

The Pinaka multi-barrel rocket launcher can deliver up to seven tonnes of explosives through 216 launcher tubes in 44 second to a target 60 km away

Bharat Forge lowest bidder for Army's Rs 6,000 cr towed guns contract

Bharat Forge is the lowest bidder for a Rs 6,000 crore contract to supply Advanced Towed Artillery Gun Systems to the Indian Army, receiving 60 per cent of the order

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