HAL, BEL, Data Patterns shares surge up to 10% after Jefferies' 'Buy' ratings
Global geo-political tensions and India’s rising focus on self-reliance is boosting order flow and revenue growth for domestic defence cos, says Jefferies.
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IIT-Madras, French firm to set up aerospace, defence startup accelerator
Through this collaboration, IIT Madras will enable Starburst to set up an accelerator programme to boost Aviation, Space, and Defence (ASD) ecosystem in India
From ₹403 to ₹2,483: Mazagon Dock sees strong rally in last 12 months
The share price of warships and submarines manufacturer has given a whopping 1,256% return since its listing on October 12, 2020.
Ashok Leyland hits 52-week high on bagging ₹880 crore defence order
Ashok Leyland, which is a part of the Hinduja Group, says the contract includes the procurement of the field artillery tractor (FAT 4x4) and the gun towing vehicle (GTV 6x6)
The $130 Billion Battle For India's Defence Pie
India is making a break from the past to power its defence and attack capabilities completely indigenously, giving its firms a shot at the $2.5 trillion global defence and aerospace market.
India's Self-reliance In Defence And Attack
An over ₹10 lakh crore defence indigenisation plan involves rapid strides in local manufacturing of critical war machines, fighter jets, aircraft carrier, and anti-climate clothing.
Govt to buy 70 trainer aircraft from HAL for ₹6,800 cr
The decision is being taken in a bid to provide a boost towards the government's 'Aatmanirbhar Bharat' program in the Indian Aerospace Defence ecosystem.
75% of defence outlay to be spent for procurement from domestic firms: Rajnath Singh
In the union budget for FY2023-24, the government allocated ₹5.94 lakh crore for the Ministry of Defence, which is 13.18% of the country’s total outlay of ₹45.03 lakh crore.
PM Modi to inaugurate Asia's largest helicopter factory of HAL in Karnataka: All you need to know
Touted as Asia's largest helicopter manufacturing facility, Greenfield Manufacturing Facility, which is spread across 615 acres of land, will initially produce Light Utility Helicopters (LUHs).
Defence push: Raytheon arm starts Global Tech Center in Bengaluru
The GTEC will house more than 5,000 Collins and Raytheon Technologies employees in India, with additional sites set to open early 2023.
