DOMESTIC DEFENCE PRODUCTION

President Droupadi Murmu highlighted the government's efforts to boost domestic defence production. She claimed that nearly 70 per cent of defence procurement was sourced from Indian manufacturers in the last year, and reforms resulting in India man...

iDEX has significantly impacted the defence ecosystem by fostering start-ups, creating job opportunities, and facilitating procurement worth over Rs 2,000 crore, showcasing a commitment to innovation and technology advancement.

Chief of Air Staff Air Chief Marshal VR Chaudhari emphasized the critical need for India to invest in modernizing its armed forces amid evolving security challenges during the Capstone Seminar organized by the Indian Air Force, the College of Air Wa...

Defence Minister Rajnath Singh outlined the new government's focus on bolstering national security by modernizing the armed forces and enhancing domestic defence production. He aims to increase defence exports to Rs 50,000 crore by 2028-29. Singh pr...

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 ...

India Q4 GDP: The analysts were anticipating a better-than-expected growth for the January to March quarter this time around. ​The Reserve Bank of India (RBI) estimated Q4FY24 real GDP growth to be 7 per cent while ET Poll suggested the growth rate ...

The US is on track to establish a domestic rare earths supply chain to meet its defense needs by 2027, according to a senior defence official. The US has been driving the build-out of a global supply chain for rare earths, metals used in magnets for...

Deven Choksey discusses the potential tariff hike in the telecom sector and the strategies of Jio and Vodafone Idea. He emphasizes the importance of data consumption and the need for investments in infrastructure for companies to stay competitive in...

The Indian Army has significantly reduced its dependency on imported ammunition thanks to the 'Make in India' policy. By leveraging private sector capabilities and public sector firms, the Army aims to cease most ammunition imports within a few year...

Netweb Technologies launches high-end computing production at new Faridabad facility, aiming for Rs 2,000 crore turnover. Expansion plans include employee increase and international exports of Nvidia computers.

The government aims to increase India's annual defense production to nearly three times its current level, reaching Rs 3 lakh crore by 2028-29. Additionally, the target for defense exports is set to more than double, reaching Rs 50,000 crore compare...

Anand Sharma discusses the extensive impact of public sector enterprises in various sectors under government control, emphasizing the wide theme of PSU equity with a focus on power, oil, financials, logistics, metals, and mining. Sharma says , PSU e...

TVS Electronics ventures into EMS sector for defence, railways and other industries with SMT line in Karnataka. It collaborates with global partners, integrating robotics and automation for advanced traceability and quality control.

The government’s push for indigenisation in defence has encouraged smaller players to get into the game and reduce India’s dependence on imports.

Private sector companies in India have played a significant role in the country's defence production, contributing Rs 16,411 crore in fiscal year 2023-24, marking the highest share since 2016-17. Despite a decrease from the previous year, this contr...

India's 'Make in India' defence production success story is evident in record-breaking defence exports, reaching Rs 21,083 crore in 2023-24, a growth of 32.5% from the previous fiscal. With a focus on indigenisation, India aims to triple annual defe...

German Finance Minister Christian Lindner expects up to 9 billion euros ($9.7 billion) in additional defence spending from 2028 if Germany can reduce its debt levels. The additional funds could be freed up if Germany gets its debt below an EU-set ta...

For HAL, Jefferies has a 12-month price target of Rs 3,900, indicating an upside scope of nearly 13% from the current levels. For Data Patterns, the price target of Rs 3,545 implies an upside of more than 31% from the current price.

Indian defence sector stocks excel globally, benefiting from geopolitical risk, domestic manufacturers' rise, and strong order books. The sector shows resilience amidst global market fluctuations and government's increased defense expenditure, posit...