INDIA DEFENSE IMPORTS
India Playbook 2024: Where to invest conundrum?
Retail investors favor small-cap stocks due to high returns. Large-caps trade at a valuation discount to small-caps. Domestic ownership prevails in small-caps, with retail investors holding a significant share. Opportunities exist in Finsumption, Capex, and Make in India themes favoring small and mid-cap companies.
FMCG is “passe”: Indian economy has a new definition of defensive stocks: 8 stocks from 2 sectors with upside scope of up to 37%
On the day of election results were announced and the whole stock market melted, stocks from one sector were able to gain, that was FMCG. Many theories were floated about why they are doing well. Right from them being defensive stocks to that focus would not shift from investment to consumption. But close to a month down the line, all those stocks are once again in the under performance mode. The fact is before deciding on whether the stocks are defensive or not, some questions need to be asked. A stock which was a defensive stock in 1994 when the Indian economy was just opening is still a defensive stock even in 2024 when we are a whole different economy with different needs and consumption patterns.
From Classmates to Commanders: Sainik School graduates Dwivedi and Tripathi now command India's Armed Forces
Lieutenant General Upendra Dwivedi and Admiral Dinesh Tripathi, once classmates at Sainik School Rewa, now lead the Indian Army and Navy. Their unique bond, formed in the early 1970s, has strengthened inter-service ties. With Admiral Tripathi already at the helm and Lieutenant General Dwivedi stepping in as Army Chief, their careers highlight the influence of early connections in military leadership.
India boosts defense ties with Bangladesh as it tries to become a counterweight to China
India and Bangladesh strengthened defense ties, signing agreements to enhance cooperation in maritime security, ocean economy, space, and telecommunication sectors. Prime Minister Narendra Modi welcomed Bangladesh's inclusion in the Indo-Pacific Oceans Initiative, underscoring India's commitment to regional collaboration. Amidst close ties with China, Bangladesh seeks to balance relationships with India and the US. Both countries aim to boost river water sharing, energy cooperation, and infrastructure development through Indian investments. Bilateral trade between India and Bangladesh reached $15.9 billion in the financial year 2022-23, with India exporting cotton, vehicles, and electronics, and importing cereals and cement.
Why the Government needs a Budget: Understanding the importance and role
Union Budget 2024: Any political party that assumes government, whether through majority or coalition, in India shoulders significant responsibilities towards society, politics, and the economy. It is crucial to allocate resources in a manner that facilitates progress in a country as diverse as India, with its rich cultural, religious, and economic diversity.
The importance of being Ajit Doval: A 3rd term for the spymaster
While a third term for Doval can be seen as part of the continuity in the Narendra Modi government in which top Union ministers have retained their portfolios, Doval's consecutive third term indicates his importance for the Modi government which has adopted aggressive posture against cross-border terrorism.
- Go To Page 1
G7 Summit: How G-7 nations plan to counter rising clout of Russia and China
The G-7, facing challenges from rising powers like China and Russia, grapples with economic and military limitations while navigating a shifting global landscape. Focused on protecting democracy, the group confronts issues such as defense spending, economic vitality, and trade tensions, seeking to maintain its influence and address geopolitical threats.
Third term for Modi likely to see closer defense ties with US as India's rivalry with China grows
Prime Minister Narendra Modi emphasizes on boosting India's military preparedness and clout, focusing on expanding defense production and exports to counter China's influence in the Indo-Pacific region.
Climate tech has a promising future in India: Hisham Mundol, Chief Advisor, Environmental Defense Fund, India
Environmental Defense Fund (EDF) wants India to become the first major economy to industrialise without carbonising, says Hisham Mundol, Chief Advisor, Environmental Defense Fund, India.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
IAF successfully conducts night vision goggles-aided landing in Eastern sector
The Indian Air Force (IAF) achieved a significant milestone by successfully landing an aircraft using night vision goggles (NVG) for the first time on an advanced landing ground in the Eastern sector. This advancement enhances the IAF's operational capabilities, allowing for safer and more effective operations in low-light conditions.
Defensive stocks: FMCG is “passe”; 8 stocks from two sectors may be called “new defensives” with upside potential of up to 32%
1994 to 2024 is a difference of 30 years, but there is one thing which has remained constant, advice to move to defensive stocks when markets are volatile or there is an event risk. Four questions need to be asked; first, what is a defensive stock? Second, is a stock which was considered a defensive in 1994 when the Indian economy was just opening, still a defensive stock in 2024 ? Third, should there be a new definition of defensive stock in 2024 ? Last but not the least, what are the new defensive sectors or stocks?
James Harris Simons: The math wiz who revolutionized investing
Simons was a leading philanthropist who gave away billions during his lifetime to support medical and science research and teaching. His journey had been exciting and intriguing. A maths genius, he was only 23 when he received his PhD from the University of California, Berkeley.
Despite $125 billion debt, why is Pakistan increasing its defence budget to 18000 crore rupees
Pakistan faces economic strain with a $124.5 billion foreign debt, 42% of its GDP. It boosts military capabilities through major arms imports, mainly from China, accounting for 82% from 2019 to 2023. Despite economic woes, it increases defense spending by 15.4% in the national budget, totaling 18000 crore Pak rupees. This military expansion includes submarines from China. Reports suggest Pakistan may have secretly supplied arms to Ukraine, contradicting its neutrality stance. Public discontent grows due to economic hardships and perceived military dominance in resource allocation.
Will short-term headwinds impact long-term potential? 6 stocks from hospital sector with upside potential of up to 30%
After outperforming the market, stocks from the healthcare sector or what is more commonly called hospital sector have gone into consolidation mode. The consolidation has been prompted by the fact that voices have been raised about differential pricing in the services of the hospitals. The matter has reached the Supreme Court and will be heard. Given the fact that while medicine is a science but in real life as practice it has an element of art in it. For example, a hospital who has a renowned surgeon from any branch, be it cardio, neuro on its roll may charge up more for the same surgery as compared to others. While the moral debate is on one side, there is another side to the story. In a country like India, the healthcare infrastructure needs vast expansion and upgradation. To some extent the street is ruthless and does not have much moral obligation.
S Jaishankar slams UPA's response to 'not to do anything' post the 2008 Mumbai attacks, stresses on strong border defence
S Jaishankar criticizes the UPA government's response to the 2008 Mumbai attacks, emphasizing the need for a stronger defense posture. He highlights India's role as a voice of the Global South and stresses the importance of supporting the military and building infrastructure for border defense.
Expecting no negative surprises from elections; focus to be on defense, capex in Budget: Prateek Agrawal
We have embarked on a very strong Make in India initiative. So, for example, something like electronics, cell phones, etc, are getting manufactured in the country.
Aditya Arora on 2 top trading picks in a volatile market
Aditya Arora of Adlytick recommends defensive stock picks like Lupin and Voltas. With the market rebounding from key levels, he says the focus should be on theme-specific smallcaps/midcaps. It is time to be cautious as we are seeing adecline in global tech stocks. Arora says it time to be bullish on sugar and metals.
Foreign secretary Vinay Kwatra meets US defence deputy secretary Kathleen Hicks
India's Foreign Secretary Vinay Kwatra met with US Deputy Secretary of Defense Kathleen Hicks to discuss expanding the scope of bilateral military engagements. Kwatra's visit to the US includes meetings with senior officials and industry leaders to advance cooperation in defense and technology. The discussions focused on priorities for strengthening the US-India defense partnership, including the implementation of the roadmap for defense industrial cooperation. They also discussed regional security issues and committed to collaborating closely in support of a free and open Indo-Pacific.
Transformative moment: BEML successfully test fires indigenous 1500 HP engine for military tanks
India's public sector BEML has achieved a significant milestone by successfully test-firing its indigenous 1500 HP engine for military vehicles. The engine, equipped with advanced technologies, represents a paradigm shift in military propulsion systems. The project, inaugurated by Defence Secretary Giridhar Aramane, signifies a step towards realizing Prime Minister Narendra Modi's vision of an Atmanirbhar Bharat. The project, initiated in 2020, is expected to be completed by mid-2025, with the production of 20 such engines in the next year for further trials.
India Playbook 2024 – the India defence equity market story
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, positioning for sustainable growth. India's aerospace industry has many legs of growth and Hindustan Aeronautics is the key player in the space.
India-US defence partnership evolved rapidly over the last year: Experts
The U.S.-India relationship emphasizes defense industrial base and security. Events by CUTS International and US-India Strategic Partnership Forum highlight evolving strategic importance, with discussions on technology cooperation and operational engagements in defense sectors.
Amid rising defense imports, India slashes procurement from Russia to less than half, a first since 1960s
India is strategically diversifying its defense procurement strategy, reducing reliance on Russian arms amidst tensions with Pakistan and China. SIPRI reports a significant decline in India's arms imports from Russia, marking the first time since the 1960s that less than half of imports come from Russia. This shift includes increased orders from Western countries like France and the United States, strengthening strategic partnerships. The move responds to heightened tensions with Pakistan and China, emphasizing bolstering defense posture through diversified imports and indigenous development.
India remains world’s largest arms importer, Russia its top supplier
India remains the world's top arms importer, with a 4.7% increase in imports. Russia is its main supplier, while China dominates as Pakistan's main supplier. Japan and South Korea also increased their imports. Saudi Arabia, Qatar, and Egypt are major importers in the Middle East. Concern over China's ambitions drives arms imports in Asia and Oceania.
India halts Pakistan-bound ship from China suspected of carrying nuclear cargo
Indian security agencies have intercepted a Pakistan-bound ship from China at Mumbai's Nhava Sheva port, suspected to be carrying a 'dual-use consignment' for Islamabad's nuclear and ballistic missile programme. The consignment included a CNC machine by an Italian company, inspected by customs officials and DRDO. This highlights concerns of Pakistan using China as a conduit for restricted items. Previous instances include China supplying an autoclave under the cover of an "industrial dryer" to Pakistan in 2020.
US threatening sanctions to tear New Delhi away from Moscow: Russian Envoy
Denis Alipov, the Russian envoy to India, asserts that Russia remains a steadfast friend to India amid US attempts to strain their relationship with sanctions. Alipov highlights the deepening bilateral ties and emphasizes Russia's commitment to respectful cooperation, contrasting it with Western approaches. He also advocates for urgent UN reforms and supports India's bid for permanent UNSC membership. Amid robust defense and energy cooperation, India's increasing imports of Russian oil have drawn scrutiny amid geopolitical tensions.
India Playbook 2024: Let’s study the micro view
We believe one should not look at indices, before concluding Indian markets are expensive. The additions to indices specially in large cap have mostly been costlier stocks making their past absolute valuations un-comparable. Indian seems to be in a Goldilocks situation with High Growth of corporate earnings, an ever growing macro economy contributing to ~15% of worlds incremental growth and witnessing start of a Capex cycle to help India become a manufacturing hub for the world. Themes we like are a) Power, b) Water c) Defense, d) Railways, e) ER&D and f) Chemicals.
Soccer: India ready to weather storm as Australia 'reach for the stars' at Asian Cup
Australia come into the Asian Cup as one of the pre-tournament favourites having won the competition in 2015 and coach Graham Arnold said on Friday that their goal is to lift the trophy once again in Qatar, where they have fond memories. They reached the knockout stages of the 2022 World Cup in Qatar, where they gave eventual champions Argentina a run for their money in the last-16. Arnold, who has been at the helm since 2018, said he had reinforced the message that the trophy was the ultimate goal.
Why is it important for the govt to have a budget?
A well-planned budget is essential for any government to achieve economic stability and growth. By strategically allocating resources, encouraging investment and savings, promoting business growth, reducing economic disparities, and supporting public sector enterprises, the government can effectively steer the country towards prosperity.
Load More
