Soon after the Centre cleared a Rs 62,000 crore deal to buy 97 more LCA Mark 1A fighter aircraft, India is close to signing a deal of around USD one billion with the American firm GE for supplying 113 more GE-404 engines for the indigenous combat aircraft. Indian state-owned firm Hindustan Aeronautics Limited has already…
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…
Defence stocks bucked the broader market trend on May 22, closing deep in the green as geopolitical momentum, government thrust, and fresh orders triggered sharp rallies in key counters. The Nifty India Defence index surged 2.07 per cent to settle at 8,453.75, extending gains for a second straight session even as headline indices witnessed a…
India’s defence sector stocks witnessed strong buying interest on Friday, May 9, after the Indian Armed Forces carried out strategic missile strikes under Operation Sindoor targeting nine terror hubs in Pakistan and Pakistan-occupied Kashmir (PoK). This escalation, following the deadly Pahalgam terror attack, has reinforced investor confidence in companies catering to India’s military infrastructure and…