defense Industry News
Explore defense industry insights, defense stock updates, and market news effortlessly.
The Economic Times
HAL shares slump over 5% even amid overall bullish market sentiments
HAL Share Price: Shares of Hindustan Aeronautics Ltd fell over 5% despite strong market sentiments, following a significant Rs 26,000 crore defense deal. Analysts expect continued growth amid supply chain challenges.
•
Thu, Sep 19, 2024
The Economic Times
Mazagon Dock Shipbuilders shares to trade ex-dividend tomorrow
Shares of defense PSU Mazagon Dock Shipbuilders are in focus today, as the company has set September 19 as the record date for determining shareholder eligibility for dividend payments. Consequently, today is the last opportunity to purchase shares to qualify for the announced dividend of Rs 12.11 per share, which was declared earlier in May for the financial year 2023-24.
The Economic Times
Nippo-maker Indo National sells entire 51% stake in Kineco for Rs 220 cr
Chennai's Indo National Ltd has sold its 51% stake in Kineco Ltd for Rs 220 crore to an unnamed consortium. CEO Pavan Kumar BVS stated the funds will be invested in aerospace, defense, and various fast-moving consumer goods sectors.
•
Tue, Sep 17, 2024
Mint
Upcoming IPO: Quadrant Future Tek gets SEBI nod to launch ₹275 crore IPO
Quadrant Future Tek Limited has received final observation from SEBI to raise ₹275 crore through an IPO. Founded in 2015, the firm focuses on rail safety technologies and speciality cables for defense and rail sectors. Revenue rose by 46.56% in FY 2023, driven by increased sales.
•
Tue, Sep 17, 2024
Business Standard
Boeing workers vote on whether to strike, shut down aircraft production
Boeing waited to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Association of Machinists and Aerospace Workers were voting on whether to approve a contract offer that includes 25% pay raises over four years. If the factory workers reject the contract and two-thirds of them vote to strike, a work stoppage would begin Friday at 12:01 a.m. PDT. A walkout would not cause flight cancellations or directly affect airline passengers, but it would be another blow to Boeing's reputation and finances in a year marked by problems in its airplane, defense and space operations. New CEO Kelly Ortberg made a last-ditch effort to avert a strike, telling machinists Wednesday that no one wins in a walkout. For Boeing, it is no secret that our business is in a difficult period, in part due to our own mistakes in the past, he said. Working ...
Business Standard
BEL rises on bagging orders worth Rs 1,155 cr
Bharat Electronics (BEL) added 1.22% to Rs 289.30 after the aerospace & defense firm received two orders from Cochin Shipyard aggregating to Rs 1,155 crore.
•
Wed, Sep 11, 2024
CNBC TV18
SEBI reaffirms ban on SecUR Credentials and its MD Rahul Belwalkar over fund diversion allegations
In June, SEBI issued an interim order barring SecUR and Belwalkar, also prohibiting him from holding any directorial positions in listed companies or SEBI-registered intermediaries. Despite being given opportunities to present their defense in line with natural justice, SEBI observed that neither SecUR nor Belwalkar made use of this chance.
•
Mon, Sep 9, 2024
The Economic Times
Georgia Tech to end China partnerships following concerns over military ties
Georgia Tech, a top tier U.S. engineering school and major recipient of Defense Department funding, said in an accompanying statement it would discontinue its participation in the Shenzhen institute, but that the approximately 300 students currently in programs there would have the opportunity to fulfill their degree requirements.
•
Sun, Sep 8, 2024
The Economic Times
Israeli defence companies showcase in India advanced tech to counter drone threats
The seminar from September 2 to 4 featured participation from the representatives and senior officials from Israel's Ministry of Defense, economic and security attaches, and representatives from India's Ministry of Defence, and defence and civilian industries from both countries, the statement issued by the Israeli Embassy said.
•
Fri, Sep 6, 2024
The Economic Times
11 passive mutual funds lost over 2% in August. Have you invested in any?
In August, around 11 passive mutual funds lost over 2%, with defense, PSU banks, PSU stocks, and real estate being the hardest-hit sectors. Of approximately 319 passive funds, 42 reported negative returns. The Motilal Oswal Nifty India Defence Index Fund saw the largest loss at 7.88%, while PSU bank-focused ETFs, including Nippon India and Kotak Nifty PSU Bank ETFs, each lost 4.63%.
•
Wed, Sep 4, 2024
CNBC TV18
Tech Mahindra, Marshall ink pact to drive advancement in aerospace, defense engineering
Tech Mahindra in a statement said it will assist Marshall's engineering programmes in aircraft design and manufacture, special mission platforms, and the development of digital maintenance, repair, and overhaul (MRO) technologies.
•
Thu, Aug 29, 2024
The Economic Times
Telegram CEO Durov faces preliminary charges in France of allowing crime on messaging app
Both free-speech advocates and authoritarian governments have spoken in Durov's defense since his weekend arrest. The case has also called attention to the challenges of policing illegal activity online, and to the Russia-born Durov's own unusual biography and multiple passports.
•
Thu, Aug 29, 2024
The Economic Times
We have 0% exposure in defence stocks, have started nibbling into banks: Jyotivardhan Jaipuria
Jyotivardhan Jaipuria from Valentis Advisors shares insights on investments in bank stocks due to their undervaluation. He says, over time, one has to buy bank stocks because it is one of the few cheap places left in the market today. He discusses challenges in the cement and IT sectors, the high valuations of defense stocks, and emphasizes a long-term strategy for profitability as industries consolidate and recover.
•
Thu, Aug 29, 2024
The Economic Times
Apple defense bolstered by Google monopoly ruling in US case
A recent ruling against Google's search business as an illegal monopoly may bolster Apple's defense in its own antitrust case. The court's decision supports the idea that companies generally have no obligation to assist competitors, which could help Apple argue that its limitations on third-party developers are reasonable and not anti-competitive.
•
Mon, Aug 26, 2024
Mint
Paras Defence and Space Technologies surged 5% to ₹1293.30 after announcing a board meeting on August 27, 2024, to discuss fundraising and an employee stock option plan. The company also received a 15-year industrial license to manufacture defense products, supporting long-term growth.
•
Thu, Aug 22, 2024
The Economic Times
Should PSUs be considered an essential part of portfolio? Vikas Khemani answers
Over the last ten years, Indian public sector enterprises have shown major improvements in governance and operation, raising their market value. PSU banks have enhanced their return on equity to 16-17%. Defense and gas sectors are performing well, though oil marketing units still face hurdles. This shift has generated significant wealth for shareholders.
The Economic Times
Funds that returned 100% more than Nifty
Over the past three years, systematic investment plans (SIPs) in thematic, sectoral, small, and mid-cap funds yielded over 45% returns, outpacing the Nifty 50 index which returned 21.3%. PSU and infrastructure funds performed notably well, driven by strong interest in defense, rail, banking, and an uptick in the capex cycle.
•
Tue, Aug 6, 2024
The Economic Times
‘Trump wins big’ meme stock surges in China
Shares of Chinese company Wisesoft Co. surged after assassination attempt on former US president Trump. Speculative trading based on homophones in China's stock market drives gains. South Korean defense and nuclear energy firms also see increase amidst speculation of Trump victory.
•
Mon, Jul 15, 2024
The Economic Times
Cyient sets up a new subsidiary for its semiconductor business
Cyient Ltd launched a semiconductor subsidiary focusing on ASIC design/manufacturing with a fabless model. Mr. Krishna Bodanapu anticipates a trillion-dollar market by 2030. Cyient DET/DLM drive growth. Key factors include India’s Rs 1.26 lakh crore semiconductor proposals, Micron's OSAT unit, and incentives. Semiconductors are crucial in defense, automotive, and telecom sectors.
The Economic Times
Infra and defence mutual funds dominate returns chart in first half of 2024
The first half of 2024 showcased the dominance of infrastructure and defense-based mutual funds in the market. While some international funds faced challenges, strategic investment decisions were crucial. Diverse performances emphasized the need for a well-rounded portfolio strategy to navigate the market effectively.
•
Thu, Jun 27, 2024
The Economic Times
Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with FPO of 76.05%
On Monday, Union Minister G Kishan Reddy granted the first Lithium block, Katghora, and the Rare Earth Element (REE) Block of Chhattisgarh to Maiki South Mining Private Limited, with a Final Percentage Ownership (FPO) of 76.05%. India currently depends significantly on imports to fulfill its demand for crucial minerals such as Lithium, Niobium, and Rare Earth Elements (REE). These minerals are essential for emerging technologies like electric vehicles, pharmaceuticals, and defense manufacturing.
•
Mon, Jun 24, 2024