Defense stocks rally: Indian defence stocks rallied significantly on August 22, fueled by mounting geopolitical tensions after Russia launched one of its largest air assaults on Ukraine—deploying 574 drones and 40 missiles—despite US overtures for a ceasefire. As a result, the Nifty India Defence index rallied nearly 1 per cent, reaching around 7,760.25. According to Ukrainian…
Defence Minister Rajnath Singh and US Defence Secretary Pete Hegseth have agreed to finalise a new 10-year defence framework to deepen bilateral strategic and defence cooperation. The agreement, discussed during a recent phone call, is aimed at strengthening long-term industrial partnerships and addressing key pending defence deals. The Pentagon, in a statement on Wednesday, said,…
Hindustan Aeronautics Ltd (HAL) on Thursday declared a final dividend of Rs 15 per equity share for FY25, amounting to a 300 per cent payout on the face value of Rs 5 per share. This marks the company’s second dividend for the current financial year, following an interim dividend of Rs 25 per share paid…
Share Market News, Stocks to Track: Domestic equity benchmarks Sensex and Nifty surged more than one per cent each in a strong session on Thursday, with financial, energy, metal and FMCG shares being at the forefront of the rally. The Sensex finished the day with a gain of 1,000 points at 83,755.9 while the Nifty…
India’s Hindustan Aeronautics Limited (HAL) and French engine manufacturer, Safran Aircraft Engines, signed an agreement on Thursday for the industrialisation and production of rotating parts for LEAP engines. According to a joint release by Safran Aircraft Engines and HAL, the agreement signed between the two companies supports government’s “Make in India” policy and additionally follows…
Defence shares on Dalal Street continued their relentless march on May 19, the seventh straight day of gains as investor confidence remained strong. Leaders such as Mazagon Dock Shipbuilders, Bharat Electronics Limited (BEL), and Bharat Dynamics reached new all-time highs as hopes of higher defence spending by the government and improved quarterly numbers fueled them. Defence index gains 24% in seven sessions The Nifty Defence index jumped almost 3 per cent on Monday to a high of 8,555, marking an extension of its great run that has now yielded a total 24 per cent return since the early weeks of May. Such sudden momentum is a vote of confidence in…