DEFENCE SECTOR
India aims to co-develop, co-design, co-produce, co-manufacture: MEA on Rafale deal with France
India is boosting its defence manufacturing through the 'Make in India' initiative. Discussions with France focus on co-developing and co-producing Rafale fighter jets. This significant deal aims for substantial local production. India seeks to enhance its indigenous capabilities and address fighter aircraft shortages. The agreement will see Rafale aircraft manufactured outside France for the first time.
Dhurandhar's Nice!: French President highlights talks with PM Modi with 'Aari aari'
Prime Minister Narendra Modi met with French President Emmanuel Macron in Nice. The leaders discussed strengthening defense, space, and nuclear energy collaborations. They also inaugurated the Bharat Innovates 2026 conclave, marking a significant step in the India-France Year of Innovation. President Macron even used a popular song to capture the essence of the visit.
PM Modi, French President Macron hold delegation-level talks
Prime Minister Narendra Modi and French President Emmanuel Macron met in Nice, France. They jointly launched 'Bharat Innovates 2026', a three-day event. This showcased India's deep-tech startups and innovators. The leaders discussed Indo-French cooperation on global challenges. They highlighted initiatives in AI and clean energy. The event aims to transform India into a global innovation hub.
Star Wars: How India’s spacetech-defence ties are shaping the future
SpaceX’s IPO filing underscores how space has evolved from exploration to a strategic domain central to national security, communications and warfare. The company’s role in Ukraine through Starlink and its US defence work highlights the growing importance of private space firms in military and geopolitical affairs.
Bharat innovates, ready for take-off
India's deep-tech startups are showcasing their advanced capabilities in France. This event highlights India's growing strength in space, AI, and defence. Indian companies are developing rockets and satellites for global markets. France serves as a key gateway to Europe. This initiative aims to foster international partnerships for co-development and investment.
India appoints Lt Gen Dhiraj Seth as next Army Chief
Lieutenant General Dhiraj Seth will become the next Chief of the Army Staff on June 30, 2026. He succeeds General Upendra Dwivedi. Lt Gen Seth currently serves as the Vice Chief of the Army Staff. He has a distinguished career spanning nearly four decades. His extensive experience includes command and strategic roles. He is a highly decorated officer.
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HDFC Defence Fund adds Tata Motors, reduces exposure in MTAR Technologies and 1 other in May
HDFC Defence Fund added Tata Motors to its portfolio in May while trimming holdings in MTAR Technologies and Rishabh Instruments. The fund increased exposure to key defence-linked stocks, including Bharat Electronics, Bharat Forge, Bharat Dynamics and Mazagon Dock, reflecting sector-focused conviction
Omar Abdullah raises concern over proposed Srinagar airport closure with Union ministers for Defence and Aviation
Jammu and Kashmir Chief Minister Omar Abdullah met Union ministers regarding the proposed closure of Srinagar Airport for maintenance. He suggested operating limited civilian flights from Awantipora Air Base to ensure connectivity. The airport will also close every Monday and Tuesday until September 30. Abdullah stressed the importance of uninterrupted air connectivity for tourism and businesses.
Pakistan budget raises defence spending, squeezes development to meet IMF goals
Finance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting July, up 18% from the outgoing year, while setting federal development spending at 1 trillion rupees.
Project Kusha will be a game-changer for India's security scenario: Rajnath Singh hails Indian air defence systems
Defence Minister Rajnath Singh praised Project Kusha, India's new air defence system. He called it a game-changer for national security. The system will protect against advanced threats. It is expected to be operational by 2028-2030. This development shows India's growing defence capabilities. The nation is building resilience and deterrence in a changing world.
BRICS agriculture ministers begin deliberations in Indore on food security, small farmers' welfare
BRICS agriculture ministers are meeting in Indore. India is chairing the two-day event. Key discussions focus on food security. The welfare of smallholder farmers is a priority. Greater participation of women and youth in agriculture is also on the agenda. The meeting aims to strengthen agricultural cooperation among member nations. An Indore Declaration is expected.
Sectoral and thematic fund inflows plunge 67% to Rs 647 crore. Are investors turning away from thematic bets?
Sectoral and thematic mutual fund inflows saw a significant drop in May, falling by 67%. This decline suggests investors are moving away from concentrated bets towards diversified strategies. Experts believe this trend reflects a natural shift during market uncertainty. While some sectors show strong performance, others lag, making sector selection challenging.
Four Indians feature in Forbes’ top 50 most successful immigrants in America
Four Indian-born business leaders, including Vinod Khosla and Naval Ravikant, have been recognized in Forbes' "America's Most Successful Immigrants" list. These entrepreneurs and investors have significantly contributed to the US technology and business sectors, with Khosla ranking highest at No. 14. Their inclusion highlights the vital role of Indian talent in shaping the American economy.
'Historic opportunity': Slovak envoy hails PM Modi's first-ever visit to Slovakia
Slovak Ambassador to India Robert Maxian welcomed Prime Minister Narendra Modi's upcoming state visit to Slovakia from June 14-16, calling it a "historic opportunity" to further strengthen ties between the two nations.
FCAS collapse opens door for India-France sixth-gen fighter jet programme
India and France are discussing a joint project for a sixth-generation fighter jet. This opportunity arises after a Franco-German plan for a similar aircraft ended. Discussions have already taken place at the defence minister level. India is also set to receive advanced fighter jet engine technology from France. This collaboration could be a significant step for India's future air capabilities.
Brazil emerges as major rare earths source for India
Brazil is actively courting foreign investment including from India while pushing to localise the refining and processing value chain. India and Brazil, South America's largest economy, had decided to fast-track collaboration in this sector during President Luiz Inacio Lula da Silva''s state visit to India in February.
Boosting BRICS, Brazil eyes role in India's defence sector
Embraer, the Brazilian aerospace powerhouse, is setting its sights on a lucrative contract with the Indian Air Force, proposing the KC-390 Millennium aircraft as part of a plan to supply up to 80 medium military transport planes.
PM Modi draws attention to concerns arising from El Nino at NITI Aayog meeting
Prime Minister Narendra Modi addressed the NITI Aayog Governing Council, urging states to champion water conservation and organic farming. He emphasized self-reliance and attracting investments, particularly in defence manufacturing and emerging sectors like AI. The meeting also focused on empowering youth and increasing the number of Lakhpati Didis. States expressed solidarity in navigating global challenges and sustaining India's growth.
India Inc remains bullish on FY27; Telecom, defence, banking seen driving growth: Report
Indian businesses are optimistic about FY27. Telecom, defence, metals, and banking are set for growth. Companies expect demand to remain strong and are confident in managing rising costs. AI is boosting telecom infrastructure. Defence manufacturing continues its strong run. Power and capital goods sectors show a favorable outlook. Consumer spending and premiumization will drive growth.
Tata, Airbus conduct first test flight of maiden 'Made in India' C295 military transport aircraft
India's first Airbus C295 military transport aircraft, manufactured in Vadodara, has successfully completed its initial test flight. This marks a significant step towards delivering 40 such aircraft to the Indian Air Force this year. The programme signifies a new era in India's defence manufacturing capabilities, with private sector involvement and contributions from numerous Indian MSMEs.
'Time to cherry pick again': Porinju Veliyath says small and midcaps have bottomed & Thomas Cook is his latest buy
Porinju Veliyath sees the correction in small and midcap stocks ending. He believes patient investors will find rewards. Thomas Cook India is a recent fund addition. AI-leveraged midcap IT and pharma are identified as compelling themes for the next decade. The market is ready for selective stock picking. Quality businesses are available at attractive valuations.
No overcapacity in steel, textiles; India's consumption remains low: DGTR
India has rejected US claims of excess capacity in its textile and steel sectors. Officials state per capita consumption of these products is very low. India is a net importer of manmade fibres. Trade remedies are vital for fair practices and domestic manufacturing. Many trade defence probes are ongoing.
Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flows
Brazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil's oil exports to India have already doubled. India is also considering investments in Brazil's offshore oil blocks. Brazil wants Indian investment in its refining sector in return for more crude.
Operation Sindoor made India's zero tolerance policy against terrorism even clearer: Govt
India's zero tolerance for terrorism is reinforced by Operation Sindoor. This operation destroyed nine terror hideouts. It was launched to avenge a deadly attack. Indian forces conducted precision strikes in Pakistan and Pakistan-Occupied-Kashmir. The military conflict lasted nearly 88 hours. An understanding brought the conflict to a halt.
Geopolitical shifts to boost indigenous tech, five-fold jump in job creation in defence sector: Survey
India's defence sector is set for major growth. Indigenous technology adoption will surge, reaching USD 36.45 billion in three years. This will create five times more jobs in defence technology. Experts predict a significant expansion of the nation's defence-tech workforce. These developments are driven by global shifts and security needs.
Defence Ministry clears 250 MW solar project with battery storage in Uttar Pradesh's Sitapur
The Indian Defence Ministry has taken a pivotal step in renewable energy by sanctioning a 250 MW solar power project featuring integrated battery storage in Sitapur, Uttar Pradesh. This ambitious endeavor will make effective use of unoccupied military land, enhancing the energy resilience of defence installations.
Avoid broad market bets now; focus on these 3 sectors instead: Shibani Sircar Kurian
Indian stock markets face ongoing volatility from West Asian geopolitical events. Despite this, earnings prospects remain strong. Investors should focus on specific companies with solid growth drivers. Kotak AMC favors large and mid-cap stocks. Banking, healthcare, and industrials are seen as key growth sectors for FY27. IT sector faces challenges, while defence offers long-term growth.
Air Marshal Ashutosh Dixit appointed as next Indian Air Force Vice Chief
Air Marshal Ashutosh Dixit will become the next Vice Chief of the Air Staff on July 1. He currently serves as the Chief of Integrated Defence Staff. Air Marshal Dixit has significantly contributed to enhancing jointness among defence forces and promoting indigenous fighter projects. His extensive experience includes over 3,300 flying hours on various aircraft.
TVS Supply Chain forms JV with Italy's ALA Group to foray into aerospace and defence segment
TVS Supply Chain Solutions is entering the aerospace and defence sector through a joint venture with Italy's ALA Group. This collaboration aims to provide integrated supply chain solutions for components, kitting, and logistics. The partnership is projected to generate over Rs 2,000 crore in revenue by 2031.
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