Page 4 - Defence Sector

This smallcap defence stock rises 4% on securing deal from DRDO; details

At 10:30 AM, Astra Microwave share price was trading 3.12 per cent higher at 978.80 per share. By comparison, BSE Sensex was trading flat at 80,702.97 levels.

Go beyond routine modernisation; prep for post-Sindoor norms: CDS to forces

CDS General Anil Chauhan urged the three services to remain prepared round-the-clock, as Operation Sindoor has ushered in new norms for national defence

Vice Admiral Sanjay Vatsayan takes charge as 47th Vice Chief of Naval Staff

Vice Admiral Sanjay Vatsayan, a gunnery and missile systems specialist, on Friday assumed charge as the new Vice Chief of the Naval Staff. Prior to assuming his new charge, Vice Admiral Vatsayan held various important operational, staff and training appointments, including at the Headquarters Integrated Defence Staff (HQ IDS), and Naval Headquarters (NHQ) in New Delhi. "Vice Admiral Sanjay Vatsayan, AVSM, NM, assumed charge as the 47th Vice Chief of Naval Staff #VCNS on 01 Aug 2025," the Navy posted on X. Commissioned into the Indian Navy on January 1, 1988, the Flag Officer is a gunnery and missile systems specialist, it said. "He held various important operational, staff and training appointments including DCIDS (Policy, Plans and Force Development) and DCIDS Ops at @HQ_IDS_India, Chief of Staff @IN_HQENC, Deputy Commandant of the National Defence Academy, Flag Officer Commanding Eastern Fleet and ACNS Policy and Plans at #NHQ," the Navy posted. He succeeds Vice Admiral Krishna

Axiscades secures ₹600 crore defence orders for indigenous platforms

Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth Rs 600 crore in defence space. The orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around Rs 600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. "Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with ..

India, France to collaborate on ₹61,000 cr deal for fighter engines

The ₹61,000 crore initiative seeks to develop a 120 kilonewton engine for future platforms, with French company Safran offering full technology transfer as part of the collaboration

BrahMos Aerospace plant will boost India's self-reliance: Rajnath Singh

Defence Minister Rajnath Singh highlights the impact of the new BrahMos Aerospace plant in Lucknow, which will contribute to India's defence self-reliance and create employment

Rossell Techsys aims to double role in defence aircraft, eyes 15% share

The Bengaluru-based firm aims to double its role in defence aircraft output, targeting a 15% platform share in 3-5 years as it expands capabilities and workforce to meet rising global aerospace demand

What's firing up Bharat Dynamics? 8 reasons behind MOFSL's positive view

MOFSL today initiated coverage on Bharat Dynamics with a 'Neutral' rating and a target price of ₹1,900, indicating a downside of 4 per cent from current levels.

Ready to ease entry barriers for pvt firms keen on Amca: Defence secy

The private industry has welcomed the Amca execution model, under which both private and public Indian defence firms have been given equal opportunity to compete for developing the fighter's prototype

Ghana shows 'clear interest' in defence support from India: MEA secretary

'There is clear interest in having India's support in terms of equipment, training of the personnel, and being able to source equipment from India, which has now become a leader in defence exports.'

DRDO lab conducts trials of software-defined radio, communication system

A unit of the Defence Research & Development Organisation has "successfully" carried out field trials of a compact software defined radio (SDR) and a key communication system, reinforcing the commitment of the organisation in developing indigenous and mission critical communication solution for the national security, officials said. The trials were done by Defence Electronics Application Laboratory (DEAL), Dehradun in Joshimath area of Uttarakhand. "Both the systems demonstrated robust and reliable performance meeting the user defined operational benchmarks," the DRDO said in a post on X on Tuesday. The trials were conducted in close coordination with the Ministry of Home Affairs, central armed police forces (CAPFs) and other agencies, it said. "DEAL, Dehradun successfully carried out the field trials of SDR Manpack and Compact Transhorizon Communication System (CTCS) in Joshimath, Uttarakhand. The trials were conducted in close coordination with MHA/CAPFs/DLIC user agencies and ..

Reliance Infra, Coastal Mechanics tie up to tap India's defence MRO sector

According to a statement by Reliance Infrastructure, the partnership will focus on lifecycle support for a range of platforms used by the Indian Armed Forces

India should benchmark military spending at 3% of GDP, says EY report

The June edition of EY's Economy Watch recommended that India consider allocating 3 per cent of its GDP to defence spending, noting that the share of defence expenditure in GDP has gradually declined

Defence stock surges 25% in 1 week; zooms 236% from 52-week low; here's why

AXISCADES Technologies shares were up 5% at ₹1,413.50, trading higher for the fifth straight day, having appreciated by 91% from the April low of ₹741.70.

Largecap segment shines in Q4 amid broad sectoral divergence: Equirus Sec

Of the 270 companies analysed, largecaps saw a 6 per cent Y-o-Y earnings rise, midcaps gained 2 per cent, while smallcaps slumped 16 per cent.

Operation Sindoor: India needs information-defence, not just rebuttals

Counter-narratives do exist today, but coming from unofficial sources, they often get lost in the noise of disinformation

Pakistan raises defence budget by 20% after Op Sindoor, cuts overall outlay

Pakistan's total budget outlay decreases by 7% to 17.573 trillion Pakistani rupees ($62 billion)

GRSE, BDL among 9 defence stocks up over 70% in 2 mths; time to book gains?

Analysts recommend defence stocks are fully priced-in at current levels, hence booking some profit is advisable; but remain optimistic of long-term prospects.

Conditions right to lift defence spend to 2.5% GDP by FY30: Defence secy

Defence Secretary Rajesh Kumar Singh underscored that FY25 marked the first time in five years that the military modernisation budget was fully exhausted

Rajnath to hold defence talks with Australian counterpart Marles today

Defence Minister Rajnath Singh will meet Australian Deputy Prime Minister and Defence Minister Richard Marles in New Delhi on Wednesday, an official statement said.Both leaders will discuss regional and global security issues and the deepening of defence cooperation ties.In a post on X, the Ministry of Defence stated, "Raksha Mantri Shri Rajnath Singh will meet Australian Deputy Prime Minister & Defence Minister Richard Marles MP in New Delhi today, to discuss regional and global security issues and deepen Defence Cooperation. Defence and security are key pillars of the Comprehensive Strategic Partnership, with both nations committed to peace, stability, and a rules-based order in the Indo-Pacific."Marles is travelling to the Maldives, Sri Lanka, India and Indonesia from June 2-5 for high-level meetings, as per the Australian Defence Government release.The Deputy Prime Minister will meet leaders and counterparts in the South and Southeast Asia as part of the Government's ...