TATA ADVANCED SYSTEMS LIMITED
Bharat Electronics Limited receives orders worth Rs 3,172 crore
BEL signed a Rs 3,172 crore contract with AVNL for Indian Army's BMP 2/2K tanks upgrade with indigenously designed system. Orders worth Rs 481 crore, including doppler weather radar, were secured. The accumulated orders this year are Rs 4,803 crore.
High-speed expendable aerial target 'ABHYAS' successfully completes development trials
ABHYAS, designed by DRDO, is designed for autonomous flying with the help of an auto pilot, a laptop-based Ground Control System for aircraft integration, pre-flight checks, and autonomous flight.
Hunt on for mule bank accounts; Tata Digital pause on funding
The government is working with the central bank to catch mule accounts in India’s banking system and prevent fraud. This and more in today’s ETtech Morning Dispatch.
Noida Airport faces six-month delay, likely to be completed by next year
The Noida International Airport (NIA) completion has been delayed until at least April 2025, primarily due to slow progress on the terminal building, which faces a shortage of special-grade steel. Initially set to open earlier, this delay impacts the project's timeline significantly. Over 20% of the project remains unfinished, with the terminal's façade and waterproofing still underway. Currently, 9,000 workers are on site, completing the ATC tower and finalizing the runway. The first phase costs Rs 10,056 crore.
Indian rupee hits new lifetime low against US dollar. Are record block deals the culprit?
The Indian rupee fell to a lifetime low of 83.62 against the US dollar on Thursday. Record block deals worth Rs 23,000 crore on Wednesday, which included Vodafone Plc's stake sale in Indus Towers, is said to be among the triggers behind the INR slide. The local currency had closed at 83.4550 in the previous session.
Made in India Netra, Pinaka Systems attract European, Southeast Asian interest
The AEWC is a system developed by the Centre for Airborne Systems and two of their aircraft are already flying with the Indian Air Force giving wide coverage of the adversaries' activities along both western and northern front of the country. The Indian forces are going to get 12 more of these airborne systems in different configurations.
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India-US advance talks on joint production of Stryker armoured combat vehicles
India and the US are in advanced negotiations to co-produce the latest generation of Stryker armoured infantry combat vehicles (ICVs). This three-phase project includes initial purchases, joint production in India, and co-development of future versions, supporting India's "Atmanirbhar Bharat" mission. Customization for Indian terrain, high-altitude areas, and significant technology transfer are key aspects. This collaboration, promoted by the US as part of their strategic defence partnership, aims to modernize India's mechanized infantry, replacing over 2,000 outdated BMP-II vehicles. The Stryker offers advanced capabilities, enhancing India's defence industry and military readiness.
India to hold trials in Spain for P-75 India submarine project by June-end
The Indian Navy is set to conduct trials in Spain for critical equipment under Project 75 India, aiming to acquire six advanced submarines with Air Independent Propulsion (AIP) systems. Spanish shipyard Navantia's Chairman, Ricardo Dominguez Garcia-Baquero, highlighted Spain's commitment to the project, including swift export clearance and technological transfer. Navantia, partnered with L&T, offers the S80 submarine design, meeting most P75(I) requirements without redesign. The trials will showcase Navantia's AIP technology, essential for India's strategic self-reliance in submarine capabilities.
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.
Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
Bengaluru Airport launches India's first biometric-enabled self-bag drop facility
DigiYatra passengers using the self-bag drop at Bengaluru airport can select the 'scan your face biometric for baggage drop' option. They will then be prompted to choose the 'DigiYatra' icon to proceed. The machine will instruct the passenger to look directly into the camera to capture their biometric image. It will then generate the passenger's flight details and prompt them to declare any dangerous goods they might be carrying.
Fundamental tailwinds are a stronger play than volatile markets? 5 Indian pharma stocks with upside potential of up to 31 %
There is no doubt that the market is going through a volatile phase and bears are once again telling the street to never write them off. Will this correction continue even longer ? It would probably be clear by the end of the day as the election result finally gets settled. Instead of focusing on how much nifty or bank nifty or any other index is down or up, focus on the fact that whether the sector or company is doing well and will it do well in future because the fundamental operating matrix of that sector has changed for better. Because volatile phases come and go, changes in the operating matrix don't happen every day. Pharmaceutical is one sector where there is a fundamental change taking place and it has happened after 8 to 10 years of restructuring and painful readjustment. So, it would be worthwhile to have them on watchlist and if the market remains volatile then it is a sector which probably has a higher probability of outperforming.
There is a rebound in FMCG today, IT stocks could be next, don't write them off: 10 IT stocks with upside potential of up to 43%
It is not only that nifty it has been changing color in every second day, In the last two days FMCG stocks have seen a strong price action and a couple of up-grades have also come. There is literally a 360 degree change in the narrative about the sector and its fortune that was being heard . What happens in reality will be known later but this just highlights two things. First a business which has survived for long, there are phases where they are ignored by the street and then make sudden come back, just due to reason that they have size. Second, never write off a good balance sheet. Now the same thing applies to the IT sector, they have been ignored by the street for a good reason, lower growth and business challenges which AI is bringing to table. But the fact is that they also have strong balance sheets and the fact that they cater to demand where the market size is big and is global in nature and have a track record of adapting well to changes.
Be a contrarian in such times, if they have strong parent: 5 midcap stocks belonging to large industrial houses with upside potential of up to 49%
At a time when the market is digesting an election result which it did not expect. Questions are bound to come to about what should be done with mid-cap stocks. Is there a possibility that we might see more corrections ? The answer is yes. More than anything else, the reason for the correction would be the valuations and the fact that there was and still froth in some segments of the market. Should you buy mid-caps, the answer is yes. The question is what are you buying and for what time frame. And the bigger question is does the management have a proven track record that if tough times comes then it can steer the company through a tough time. If these tick marks are done, then ignore the political noise which all the political analysts are going to bring on table and surely there is no dearth of them. Focus on what is the business and who is running that business.
They just happen to be listed in India, what matters to them is global developments: 5 stocks from two sectors with upside scope of up to 29%
In the last month of volatility, there are some sectors which have shown a streak of out performance. They haven't fallen as much as nifty and have been able to keep their head above the water even on the worst of days. The reason, their bottom lines are more correlated to what is happening in the country or the continent in which they have exposure both in terms of sales and in some cases in manufacturing. So, one way to take global exposure is to have a look at these companies, also it is a sort of diversification in terms of exposure to the underlying economy. Because they are operating at a global level, their balance sheets are good and in some cases, they have been able to enter amongst the top companies of the world in their sector.
Delhi's discoms relying on advanced-technology transformers to ensure uninterrupted power supply
Delhi's power distribution companies (discoms) rely on advanced technology transformers to meet peak demand amid scorching temperatures. BSES and TPDDL utilize transformers designed to operate efficiently even in extreme heat, ensuring uninterrupted power supply. With remote monitoring and cooling systems, these transformers withstand Delhi's environmental challenges, preventing outages.
Now India can hope to have its own SpaceX and Blue Origin
Elon Musk's SpaceX and Jeff Bezos' Blue Origin lead the global space industry discourse. From reusable rockets to space tourism, these companies drive innovation in the space sector.
India's Make-in-India defence projects, include K-9 Vajra Howitzers and fighter jet engines, await post-election approval
India's defence agenda post-elections includes crucial projects like acquiring K-9 Vajra howitzers and Su-30 MKI fighter aircraft engines. These projects, initially scheduled for approval in March, were postponed. Hindustan Aeronautics Limited (HAL) will produce the engines, worth approximately Rs 20,000 crore, aiding in indigenisation efforts. Additionally, the proposal to purchase 100 more K-9 Vajra SP howitzers is under consideration, reflecting the Indian Army's evolving needs. Various defence research and development programs await government clearance, signaling significant advancements in indigenous defence capabilities.
BHEL ties up with BARC for electrolyser system to produce hydrogen energy
Bharat Heavy Electricals Limited (BHEL) has signed an agreement with the Bhabha Atomic Research Centre for 50 kW alkaline electrolyser system to produce hydrogen, the company informed the exchange in a filing.
Ukraine steps up attacks with U.S. long-range missiles
The Ukrainian army has used U.S.-supplied long-range missiles to target Russian airfields and warships in Russian-occupied Ukrainian territory but is barred from attacking inside Russia, limiting its defensive capabilities. Ukraine's recent strikes with Army Tactical Missile Systems (ATACMS) aim to weaken Russia's military operations, but U.S. and Western restrictions prevent targeting Russia itself. Ukrainian officials argue this policy allows Russia to attack from within its borders without repercussion. Pressure is mounting on the Biden administration to revise this policy to better support Ukraine's defense against Russian advances.
Indian Army reduces ammunition imports, boosts indigenous production under 'Make in India' policy
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 years. This shift not only cuts import costs but also enhances export potential. Key industry players, including Munitions India Limited and Solar Industries Limited, play crucial roles in this transition, ensuring readiness for emergencies.
EPFO extends auto claim settlement facility to education, marriage and housing advance
As per the statement issued by the retirement fund body on Monday, the auto claim settlement facility will bring down the settlement time from 10 days to within three-four days. EPFO expects around 22.5 million of its subscribers to reap the benefits of this facility.
Wanted: Policies that support womens’ advancement in the workplace
In India, women face significant barriers in the workplace, from the burden of unpaid care work to the gender pay gap. Despite anti-harassment policies like the POSH Act, compliance remains a challenge, contributing to the "leaky pipeline" where women exit the workforce.
Time to unlink size and agility: 6 not-so-large IT stocks operating in niche areas with upside potential of up to 53%
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. But the reality has been very different. Especially in the last five years, since the time ML and cloud and other speciality segments have come in the software segment. There have been smaller companies which operate in specialized areas who have been able to show much stronger growth at a time when Infy and Wipro’s of the world are under pressure in terms of growth.
IAF takes delivery of second C295 transport aircraft
The Indian Air Force (IAF) received the second of 56 Airbus C295 aircraft to replace its ageing Avro-748 fleet. The aircraft, part of a Rs 21,935 crore acquisition deal formalized in September 2021, will be produced in Spain and Gujarat's Vadodara under India's 'Make in India' Aerospace program. The first India-made C295 is expected to roll out in September 2026. The C295MW aircraft features modern technology and will replace the Avro aircraft, offering capabilities for quick reaction and paradropping of troops and cargo.
Indian Navy begins trials in Rs 60,000 crore tender for 6 advanced submarines
Indian Navy's trials of advanced submarines in a Rs 60,000 crore tender involve partnerships with foreign vendors, emphasizing indigenous content and AIP systems for more capable and larger vessels.
Germany fully backs submarine negotiations with India, wants to offer military cooperation alternatives to New Delhi: German envoy
Germany's Ambassador to India, Philipp Ackerman, has expressed full support for the negotiations between the German firm Thyssenkrupp Marine Systems and the Indian Navy for Project 75 India, which aims to build six new conventional submarines. The project, worth over six billion euros, is a key element of Germany's business strategy in Asia, aimed at diversifying its business relations due to various reasons, including the challenging behavior of India's northern neighbor. Germany is committed to teaming up with an Indian dockyard to build high-tech submarines in India, accelerating the defense partnership between the two countries.
Tata's military-grade satellite successfully placed into orbit
Built by Tata Advanced Systems Ltd (TASL) at its Vemagal facility in Karnataka, the TSAT-1A was onboard the Bandwagon-1 mission launched by SpaceX's Falcon 9 rocket in Florida.
Sub-metre optical satellite assembled, tested in India deployed into space: TASL
Tata Advanced Systems Limited launched TSAT-1A satellite from Kennedy Space Center, offering high-resolution optical images. The satellite, with multispectral and hyperspectral capabilities, was assembled in India and deployed via SpaceX's Falcon 9 rocket.
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