DEFENCE AIRPORTS
ET Leadership Excellence Awards 2024 honours the leadership and innovative prowess of these trailblazing entrepreneurs
The ET Leadership Excellence Award at Holiday Inn Lucknow Airport on June 23, 2024, honored 39 leaders. Asim Arun and Ronit Roy presented awards. Sudhir Mishra, Yawer Ali Shah, and Dr. Sandeep Kapoor spoke. Directed by Shiv Shankar Awasthi, the event emphasized gratitude, dedication, and celebrated excellence, unity, and hard work in leadership.
Budget focus? AIM for 3 sectors; Adani Enterprises good proxy for airport & data centre plays: Deven Choksey
Deven Choksey forecasts significant growth in shipbuilding industry over the next five years, highlighting the potential entry of major players like Adanis. Budget expected to support FMCG sector with focus on rural development. Overall positive outlook for various sectors. Budget is going to focus on three areas-- A for agriculture, I for infrastructure, and M for manufacturing. We should look at each of these three areas.
"Defence deals, geopolitical talks on table between PM Modi, President Putin," Russian MLA Abhay Kumar Singh
Prime Minister Narendra Modi's visit to Russia will focus on important global issues, including defence deals, cultural topics, and economic and geopolitical affairs. This was highlighted by Abhay Kumar Singh, a member of the United Russia party from Kursk. He mentioned that both Russian President Vladimir Putin and the local public have been eagerly awaiting this visit, which has not occurred in the past two years.
Forgot Modi stocks? Numbers indicate don't write them off. 26 are already back. Budget tailwinds may bring more of them back to limelight again
Just before the election results were announced, some domestic and foreign brokerages came out with a report about a set of stocks which were called Modi stocks. The number varied from 50 to 55 stocks. The reason why they were called modi stocks was the fact that these stocks were from sectors which were expected to get renewed policy push once the third term of the Modi government started. This list had stocks which would power data centers, which is essentially an AI play to green energy stock to PSU stocks from sectors which were getting strong policy push. But then political arithmetic turned different and everybody forgot about them. One month later, if one looks at them, it is clear that while the term “ Modi stocks” might be off the headline, in terms of performance, the picture is very different from what most have been thinking. It is far better and there is a high probability that it might get better.
Rafale’s India operations get a strategic push; Dassault establishes maintenance facility near Jewar Airport
Dassault Aviation is advancing plans to establish a Maintenance, Repair, and Overhaul (MRO) facility near Jewar International Airport for India’s Mirage 2000 and Rafale fighters. This move supports India's aspiration to locally manufacture the latest Rafale versions under the "Make in India" initiative. Engine maker Safran SA also intends to set up an MRO facility for Rafale engines in Hyderabad, aiming for operations by 2025 and potential local production of M-88 engines. These developments are crucial as India seeks to bolster its defense capabilities amidst regional security challenges, including from China's expanding military presence.
Sector-wise fundamental analysis of Indian stocks after elections
Investing in quality companies and adopting a long-term SIP approach can maximize benefits in India's growth journey towards a $10 trillion economy through essential infrastructure development.
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Will withdraw notification on acquiring land for Sabarimala airport: Kerala govt to HC
The Kerala government will withdraw preliminary land acquisition notifications for the Sabarimala Greenfield airport in Kottayam district. The government will conduct a new Social Impact Assessment (SIA) study through a different agency following a court plea by Ayana Charitable Trust. Justice Viju Abraham closed the petition, allowing all contentions, with the government stating the airport will benefit pilgrims and boost the economy, having received site and defence clearance from the Centre.
Defence stocks have done it, will the infrastructure sector follow suit? 6 stocks of the highway makers
There are four sectors, Railways, Defence, Infrastructure and PSU as a set of stocks where election results were important due to the fact that policy continuity was seen as major tailwinds. Because the results were not exactly the way the street had expected, there was a sharp reaction in all these stocks after the election results. But within ten days, the majority of the defence stocks are already higher than what they were quoting on the day of elections. The question is whether other sectors also will see a catch up or not. Now there cannot be any doubt that political noise levels are going to remain high and that might create uncertainty at times. It might take a while for some of the sectors to get the momentum back on the street but probability of getting back on track is high as and when the street gets an indication that it is work as usual in the sector.
G7 Summit: PM Modi, Macron agree to deepen defence cooperation with focus on 'Make in India'
Prime Minister Narendra Modi and French President Emmanuel Macron agreed to strengthen strategic defense cooperation, with a focus on boosting India's 'Make in India' initiative. This decision was made during a bilateral meeting on the sidelines of the G7 Summit in Apulia, Italy. India and France have a close partnership, particularly in security and defense, with India currently in talks to acquire Rafale jets from France. The leaders also discussed fostering innovation and research among youth. PM Modi expressed excitement for productive discussions with world leaders at the summit.
Pakistan hikes defence budget by nearly 15 per cent in 2024-25
Pakistan announced a 15% increase in defence spending, reaching Rs 2,122 billion in the 2024-25 budget. Finance Minister Aurangzeb presented the budget in the National Assembly, the first under the PML-N and PPP coalition government.
Moving beyond Airbus & Boeing: What will it take for India to make its own commercial airliner?
India is already a growing sourcing hub for the global defence and aerospace industry. With government help, this ecosystem can, in time, be developed to support the development of a commercial plane. That is how we made our space programme, experts point out.
India's helicopters being flown with Maldives defence personnel onboard: media report
Weeks after India withdrew its military personnel from the Maldives, the two helicopters gifted by New Delhi are still operational, flown with a Maldives National Defence Force (MNDF) soldier on board. President Mohamed Muizzu, who pledged to remove Indian military presence, saw the repatriation of the last personnel by May 10. India replaced its military staff with civilians to continue operating the donated helicopters and Dornier aircraft, used for medical evacuations and humanitarian missions, maintaining defense ties despite local political changes.
2 Japanese F-35 fighter jets make emergency landings after 1 has a mechanical problem
Two Japanese F-35A stealth fighter jets made emergency landings at Aomori Airport in northern Japan after one developed a mechanical issue during a training flight from Misawa Air Base. Both jets landed safely with no injuries or damage reported. The airport runway was briefly closed for 20 minutes but operations soon resumed. This incident follows other recent training mishaps, including an April crash involving two SH-60K Seahawk helicopters and a May emergency landing of a C-2 transport aircraft due to a cockpit window malfunction.
Exit polls show Advantage BJP! D-Street to likely train its guns on these sectors
Exit polls favor Bharatiya Janata Party (BJP) led NDA faction. Sectors like railways, defence, infrastructure, and PSUs to gain focus. NDA expected to secure 350-plus seats in the upcoming election.
We are poised to open a minimum of 25 hotels this year: Puneet Chhatwal, IHCL
I think as things are beginning to normalise, this global travel will also start coming back. And as of this October, we should see us getting close to the pre-COVID level. And it is only next year that India will cross the international arrival numbers that it had prior to COVID.
India well poised to benefit from great opportunities coming from hotels and hospitality sector: Puneet Chhatwal, IHCL
And if things keep going this way, and it is anybody's guess, I know that there is a new book coming out in the market which predicts India at 47, with more than 50 trillion economy and there are others that are predicting at 27 or 28.
Strong order flow likely to help BEL stay on growth path
The company anticipates order inflow of around Rs 70,000 crore over the next two years compared with the previous forecast of Rs 50,000 crore. The revised outlook reflects a new order prospect of Rs 30,000 crore for the Quick Reaction Surface to Air Missile (QRSAM) from the Army and Air Force, expected to materialize in the next fiscal year.
Ukraine's Zelenskyy gets more air defence missiles from Spain to fight deadly Russian glide bombs
Two Patriot systems are needed to protect the northeastern Kharkiv region, where the Kremlin's forces launched a cross-border offensive on May 10 that left Ukrainian troops reeling, Zelenskyy said. The death toll from a glide bomb attack on a Kharkiv shopping mall Saturday rose to 18, regional Gov Oleh Syniehubov said Monday, with five people still missing.
From highways to 1.25 lakh start-ups: PM Modi compares achievements under BJP rule with Congress-era
Drawing attention to various sectors, PM Modi provided a comparative analysis to underscore the progress made during his tenure. He focused on infrastructure development, education, healthcare, and improvements in basic amenities, showcasing the advancements made under his administration.
Swati Maliwal's assault case: BJP assails Kejriwal for evading question, seeks his resignation
The BJP criticised Delhi Chief Minister Arvind Kejriwal for evading questions about the assault on his party MP Swati Maliwal, with accusations of him behaving like a "goon." AAP leader Kejriwal avoided the issue during a press conference in Lucknow, prompting demands for his resignation. BJP spokespersons condemned Kejriwal's alleged inaction and accused him of cowardice.
Two dead, hundreds injured as riots sweep New Caledonia
Two people were killed and hundreds injured in New Caledonia during a second night of rioting, as anger over constitutional reforms from Paris boiled over. The violence began as pro-independence demonstrations and has spiraled into three days of the worst violence seen on the French Pacific archipelago since the 1980s. Despite heavily armed security forces fanning out across the capital Noumea and the ordering of a nighttime curfew, rioting continued overnight virtually unabated.
No further steps for 2 months in connection with Sabarimala airport land acquisition: Kerala HC
Kerala High Court's interim order halts state government steps on Sabarimala Greenfield airport land acquisition following a plea by Ayana Charitable Trust alleging illegal property takeover. The trust's legal team resists the action.
Noida once 'centre of corruption', now 'centre of business' under double-engine govt: Rajnath Singh
"Criminals once dominated this region in western Uttar Pradesh, even forcing people to migrate but all that has now become a thing of the past," the defence minister also said as he slammed previous non-BJP governments in the state.
Israel reportedly targets Iran's S-300 Air Defence System in Isfahan strikes
Israel reportedly conducted drone and missile strikes on Iran's Isfahan province, targeting the region housing Iran's nuclear facility and air defence systems. Satellite images analyzed by The New York Times and BBC show the absence of the Russian S-300 anti-ballistic missile defence system, indicating it was the target. The extent of the damage and the weapons used remain unconfirmed, but the strikes are seen as a message from Israel to Iran about its ability to bypass defence systems undetected.
Taiwan's defence ministry detects 21 Chinese military aircraft
Taipei's defence ministry said it had detected 21 Chinese military aircraft around the self-15 am (0015 GMT) on Saturday, a month before Taiwan's May 20 inauguration of incoming president Lai Ching-te. "17 aircraft (of the 21) crossed the median line and its extension, entered our northern, central, and southwestern (air defence identification zone), and joined PLA vessels for joint combat patrol," it said in a statement.
Maldives signs deal with China for redeveloping airport
The redevelopment of Kadhdhoo domestic airport into an international airport entails a 2.45-km runway with a terminal capable of handling 300 passengers during peak hours, according to a press release by the Maldives President's Office.
Islamabad-bound PIA flight from Saudi carrying Pakistan PM Shehbaz Sharif diverted to Lahore, inconveniencing other passengers
Interestingly, the incident came close on the heels of Prime Minister Sharif recently declaring a ban on the red carpet at events in his favour, which earned accolades for signalling a shift towards eradicating the VIP culture and encouraging a culture of humility within the realm of public service.
HAL delivers two Dornier 228 planes to Guyana Defence Force: Prez Ali
Hindustan Aeronautics Limited (HAL) has delivered two Dornier 228 planes to the Guyana Defence Force, according to President Mohamed Irfaan Ali. The aircraft arrived at Cheddi Jagan International Airport aboard two Boeing C-17 Globemaster military transport planes. The delivery follows President Ali's visit to an HAL facility in India, where he expressed interest in the Hindustan 228 aircraft. A HAL delegation later visited President Ali as a follow-up to his visit to India.
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