New Delhi, March 25 (IANS) Amid the West Asia crisis, the Indian government is leaving no stone unturned when it comes to the safety of Indians in conflict zone, gas and fuel availability, long-term energy security measures and push for self-reliance across sectors.Prime Minister Narendra Modi informed the Rajya Sabha that the government’s first concern is safeguarding citizens and more than 3.75 lakh Indians have been repatriated from the conflict zone (including over 700 medical students fro…
Latest defense sector News & Updates
New Delhi, March 5 (IANS) Escalating conflict in the Middle East could only cause minimal rupee depreciation and disruption in growth while defence stocks and precious metals could rally, a report said on Thursday.The report from asset management firm Shriram Wealth said a 10 per cent rise from RBI’s baseline assumption of crude oil price could lift inflation by 30 bps but weaken the rupee and growth minimally.The same could cut growth by 15 bps, while a 5 per cent rupee depreciation could raise…
New Delhi, Feb 13 (IANS) India’s share in global electronics demand has expanded at a rapid compound annual growth rate (CAGR) of 17.2 per cent, significantly outpacing global growth of 4.4 per cent between 2015 and 2024, driven primarily by the sharp rise in mobile phone exports, according to NITI Aayog’s Trade Watch Quarterly report for July-September 2025-26, launched on Friday.Between 2016 and 2024, electronics exports increased nearly five-fold, reaching USD 42.1 billion. With global elec…
New Delhi, Feb 3 (IANS) Adani Defence & Aerospace Director Jeet Adani on Tuesday said that defence will emerge as a major and strategically important segment for the Adani Group, as the company strengthens its presence in aerospace, manufacturing, and localisation.Speaking to reporters in the national capital, Jeet Adani said the group is not looking at its operations in silos such as aerospace or MRO alone, but is approaching defence as a comprehensive sector.While he refrained from making …
Agartala, Feb 3 (IANS) Tripura Chief Minister Manik Saha has said that the Union Budget 2026-27 places strong emphasis on increasing the income of every family and improving the socio-economic condition of the people, while clearly reflecting Prime Minister Narendra Modi’s vision of Viksit Bharat by 2047. Addressing a press conference at the state BJP headquarters here on Monday, Chief Minister Saha added that the Prime Minister’s welfare-oriented thinking is evident throughout the budget presen…
New Delhi, Jan 27 (IANS) Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Tuesday said the government’s multi-year, ecosystem-driven approach to semiconductor development is delivering tangible results.He said that India steadily moves towards building a strong and self-reliant chip design and manufacturing ecosystem.Speaking after interacting with semiconductor chip design companies approved under the Design Linked Incentive (DLI) Scheme of the Semicon India Progr…
New Delhi, Jan 22 (IANS) The Union Budget 2026 will maintain fiscal prudence and prioritise strategic, capex‑heavy sectors — making defence sector the top beneficiary, a report said on Thursday.The report from investing platform smallcase said that nearly 40 per cent of respondents flagged defence sector for higher allocations driven by indigenisation, modernisation, export potential and sustained government spending.A pre‑budget survey of over 50 investment managers found that infrastructu…
New Delhi, Jan 21 (IANS) India is considering a significant relaxation of Foreign Direct Investment (FDI) rules in the defence sector, raising the automatic‑route ownership cap from 49 to 74 per cent for existing licensed defence firms and removing vague conditions that would reshape its defence landscape, a recent report has highlighted. “This policy shift aims to lure global manufacturers, fostering joint ventures and technology transfers to bolster domestic production,” observed an arti…
Mumbai, Jan 10 (IANS) The Nifty delivered a strong annual return of 10.51 per cent, even as broader markets remained largely flat in December, a new report said on Saturday.The data compiled by latest Global Market Snapshot report by Motilal Oswal Mutual Fund showed that while short-term market movement was mixed, select sectors such as metals and automobiles continued to outperform over longer periods.In December, the Nifty slipped marginally by 0.28 per cent. However, the benchmark index poste…
Bhubaneswar, Dec 22 (IANS) Odisha Chief Minister Mohan Charan Majhi said on Monday that the state is steadily positioning itself as one of the country’s leading investment destinations, driven by proactive governance, investor-friendly policies, and robust infrastructure. Addressing a press conference upon his return from a two-day Investors’ Meet held in Hyderabad, the Chief Minister said that two sector-specific roundtable meetings were organised during the Hyderabad visit, focusing on the pha…