DEFENCE NEWS INDIA
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.
Stocks in news: MapmyIndia, YES Bank, Sanghi Industries, ZEE, Mahindra Finance
State-owned Punjab & Sind Bank has signed an initial agreement with the Indian Army on defence salary package which will come with a host of facilities, including free insurance cover.
Defence and fertilizer stocks decline up to 8% amid profit booking
In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.
HAL to consider final dividend payout for FY23-24 on June 26
On Wednesday, Hindustan Aeronautics (HAL), a defense PSU, disclosed its plan to discuss the payment of the final dividend for the fiscal year 2023-24 during its board meeting scheduled for June 26th.
Motilal Oswal Nifty India Defence Index Fund is open for subscription. Key things to know
Motilal Oswal Mutual Fund is set to introduce the Motilal Oswal Nifty India Defence Index Fund, an open-ended fund designed to mirror the total returns of the Nifty India Defence Index.
US Senators and corporate world bat for stronger India-US relationship
Senator Dan Sullivan said a lot of these countries are motivated by historical grievances. "I think this... new era, it's really a return to the era of authoritarian aggression, is going to be with us for years and decades to come," he said. One needs to deepen, broaden and make more concrete relationships in the different areas of QUAD, he said, referring to the grouping of the US, India, Japan and Australia.
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Defence stocks rally up to 19%, Paras Defence and GRSE among top gainers
Paras Defence shares advanced 19% to hit a fresh 52-week high of Rs 1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was also trading around 12% higher. Mazagon Dock, Cochin Shipyard, and Astra Microwave were also trading around 5-8% higher.
BSF tirelessly fulfilling its duties: Vice president Jagdeep Dhankhar
Vice President Jagdeep Dhankhar praised the bravery and dedication of BSF troops during a function in Rajasthan. He commended their relentless efforts in harsh border conditions, from the Himalayas to the Thar desert and beyond. Dhankhar highlighted India's defense self-sufficiency and credited the BSF for maintaining peace on the borders, contributing to global peace.
Safeguarding India's border will remain topmost priority: Rajnath Singh
Defence Minister Rajnath Singh, retained in his role in the new government, reaffirmed India's commitment to safeguarding its borders and strengthening defence manufacturing and exports. Singh emphasized the priority of protecting India's integrity and sovereignty under the visionary leadership of Prime Minister Narendra Modi.
Motilal Oswal Mutual Fund launches Nifty India Defence Index Fund
Introducing Motilal Oswal Nifty India Defence Index Fund, mirroring Nifty India Defence Index. NFO opens from June 13-24. India’s first defense stock index fund, offering growth potential in defence sector.
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.
Tripura: Bangladeshi smuggler killed as BSF troopers open fire
BSF officials said that during routine patrolling at Kalamchera along the India-Bangladesh border, the Indian border guards challenged a group of men, who were trying to smuggle goods from the Indian side, but did not pay any heed and instead, got aggressive and tried to encircle a BSF personnel with an intent to assault him and snatch his personal weapon.
Thematic MFs offer up to 14% return in May. Have you invested in any?
Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.
PSU, defence, rail, and bank stocks surge up to 13% as election shock wears off
PSU stocks such as BHEL and Mazagon Dock Shipbuilders witnessed gains of up to 13% on Thursday as investors renewed their support for state-owned companies, recognizing their long-term growth potential.
Growth needs to be made more socially equitable and inclusive: Navneet Munot
We had GDP growth of 8%. Inflation well contained. If you look at external sector, whether you look at our current account, whether you look at our balance of payment, whether you look at foreign exchange reserves in a good shape. Relative to rest of the world which is dealing with so many challenges, I think India stands out.
Equity mutual funds offer average return of 1.20% in May, sectoral funds top chart
Equity mutual funds offered an average return of 1.20% in May, with sectoral funds topping the chart in performance.
Maldives and China discuss further bolstering defence ties
After Maldives and China signed a defence agreement on March 4, President Mohamed Muizzu, who is perceived to be pro-China, announced that Beijing would supply military equipment and train soldiers under the agreement but offered no details, the portal said. Two days later, Muizzu announced that the Maldives would get free "non-lethal" military equipment and training from China's military under the agreement and underlined that it would further strengthen the Indian Ocean island nation's independence and autonomy.
Dilemma before mutual funds investors: Buy now or wait till election results?
Mutual fund investors face a dilemma amidst volatile stock market conditions during Lok Sabha elections. Fear of correction at peak market levels and FOMO driving sectoral/thematic funds. Analysts recommend balanced advantage funds, asset allocation funds, and hybrid funds for moderate risk appetite investors.
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.
Pakistan does not adhere to 'no first use' of nuclear weapons policy: ex-Army official
Pakistan does not adhere to a "no first use" policy on nuclear weapons, clarified Lt Gen (retd) Khalid Ahmed Kidwai, Adviser to the National Command Authority, during a seminar commemorating the 26th anniversary of Pakistan's 1998 nuclear tests. Kidwai emphasized that Pakistan's nuclear deterrence capabilities are fully operational and ready to respond to any threats, underscoring that Pakistan maintains strategic ambiguity regarding its nuclear stance.
India has potential to capture a large share of global defense market: Mark Matthews
I think there is scope for further expansion if the earnings grow and if the economy grows, then the earnings will grow. If the economy grows by let us say 6-7-8% per year, then I think it is reasonable to assume earnings grow by 12-13-14% per year and if you compound that a couple of years, then actually India is not expensive.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
Free ration leaving people with more food than they can consume: Rajnath Singh
Defence Minister Rajnath Singh, during an election rally in Karakat, Bihar, claimed that under the free ration scheme, people are receiving more foodgrains than they can consume, often selling the surplus. He emphasized that food inflation in India is the lowest globally at 2.91%, compared to higher rates in other countries like the US and France. Singh challenged opposition parties to counter his claims, expressing his commitment to honesty in politics.
Market Mantra! Why putting your eggs in a few baskets could be a great idea
Capital allocation has been concentrated in specific sectors, leaving many with limited funding. Fund managers currently favour sectors like PSU, industrials, and defence, while showing less enthusiasm for FMCG and auto.
Book profit in Modi stocks; go for 3 themes that will outperform now: Sanjiv Bhasin
CLSA has labeled certain stocks as 'Modi stocks' which have performed well recently. Sanjiv Bhasin from IIFL Securities suggests booking profits in these stocks, especially PSUs. He recommends focusing on FMCG, private banks, and specialty chemicals for better performance. He also says if one is interested in pharma stocks, it is better to buy a pharma fund.
Pakistan's PM Shehbaz Sharif says 1998 nuclear tests ensured 'credible minimum deterrence'
Prime Minister Shehbaz Sharif commemorated the 26th anniversary of Pakistan's first successful nuclear tests, highlighting the nation's journey towards credible minimum deterrence. Pakistan conducted six tests on May 28, 1998, in response to India's tests, becoming the seventh nuclear nation and the first Muslim state with nuclear capabilities. Designated as Youm-e-Takbeer, the day was declared a public holiday.
Sri Lanka in talks with India to set up small arms manufacturing unit: Premitha Tennakoon
Sri Lanka is in discussions with India to establish a small arms manufacturing unit, as part of their defence cooperation. State Minister of Defence Premitha Bandara Tennakoon said the discussions are ongoing and a joint venture in the military industry. The Indian envoy in Colombo, Santosh Jha, stated that India would be willing to make these capabilities available to Sri Lanka.
Maldives says 76 Indian military personnel replaced by civilians to operate 3 aviation platforms gifted by India
Minister Zameer stated Indian military personnel in Maldives were replaced by HAL civilian workers. This followed a New Delhi agreement meeting President Muizzu's pro-China demand. The shift of command to Maldivian authorities was confirmed.
India to begin producing 'T100' carbon fibre in 2.5 years: V K Saraswat
India is set to start manufacturing T100 type carbon fibre within the next 2.5 years, aiming to overcome import restrictions limiting its use in strategic applications. T100 carbon fibre finds applications in defence, aerospace, civil engineering, and more, including hydrogen cylinders, missiles, and bulletproof jackets. The initiative involves collaboration between Bhabha Atomic Research Centre (BARC), Hindustan Aeronautics Limited (HAL), and Mishra Dhatu Nigam Limited (MIDHANI) to promote indigenous production and address licensing challenges faced by foreign nations.
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