DEFENCE ACQUISITION IN INDIA
Vinir Engineering files DRHP with SEBI for fresh issue of up to 7.1 crore shares
Vinir Engineering has filed its DRHP with Sebi for an IPO comprising a fresh issue of up to 7.1 crore shares, with proceeds earmarked for plant and machinery, working capital, acquisitions and general corporate purposes.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 20%
In times like these, the market will have its green and red days. What matters, however, is not the colour of a single day, but the things underneath it: The central bank, the fund flows, and, above all, corporate earnings. Watch those, stay patient, and forget the daily noise.
India may finalise 114 Rafale fighter jet deal with France by current financial year: IAF chief
India is planning to finalize a significant multi-role fighter aircraft deal by the end of this financial year. The proposed acquisition involves purchasing 114 Rafale fighter jets to enhance the Indian Air Force's capabilities. Current negotiations are focused on price and other important issues related to the procurement. The Chief of Air Staff emphasized the need for increased air power and self-reliance in manufacturing capabilities.
IAF chief hints at foreign fifth-gen fighter option if AMCA is delayed, cites Russia's Su-57 offer
IAF chief Air Chief Marshal Amar Preet Singh has indicated that India could examine foreign fifth-generation fighter options if the indigenous AMCA programme is delayed. Russia has offered its Su-57 fighter, although Singh said no decision has been taken. The IAF is also seeking to expand its fighter fleet as squadron strength remains below the authorised level.
India's commercial vehicle market just had its best year in seven. Then the June quarter arrived, and margins fell
There is, at this point, an apparent contradiction at work in the Indian commercial vehicles space. One: FY 2026 was the best of the last seven years. A tax cut saw prices of trucks drop by about 10%, releasing pent-up replacement demand in a fleet with an average age of about 10 years. Two: Although the sector's second-largest truck maker sold a record number of vehicles in the June quarter, adding 10% to revenue, the benefits did not flow in. Rising material costs swallowed the operating leverage.
Caffeine clash: Starbucks slayer now brews a global coffee blend
Luckin Coffee is looking to expand into Gulf countries with a focus on local tastes and preferences. The company's recent $1 billion investment from Mubadala signals strong institutional support for its growth strategy. After previously overcoming an accounting scandal, Luckin aims to replicate its successful model from China. The venture into the Gulf marks a strategic test of its adaptability in different markets.
- Go To Page 1
Siang project not just hydropower, vital for national security: Arunachal Pradesh CM Pema Khandu
Arunachal Pradesh chief minister Pema Khandu said that the Siang Upper Multi-Purpose Project should not be viewed merely through the prism of a conventional hydropower project, but as a national project with wider strategic and security implications.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
ETMarkets Smart Talk| How to find India’s next multibaggers? Pritam Deuskar explains his GIANTS framework
To achieve successful long-term investments, investors should target companies with a competitive edge. Pritam Deuskar introduces the GIANTS framework, emphasizing the importance of evaluating market position and awareness of emerging trends in India. Despite external challenges, India's economy stands robust and adaptable. By concentrating on companies that fulfill these standards, investors can maximize their returns in the dynamic marketplace.
Bharat Dynamics shares rise 2% in a weak market after bagging Rs 811 crore order from Ministry of Defence
Bharat Dynamics shares gained 2% after the Defence Ministry awarded an Rs 810.79-crore contract for 160 SAT-SAAW weapons and associated equipment for the Indian Air Force, adding to the company’s order visibility amid rising defence spending.
US-China AI talks: A two-power bargain that could leave the world with no say
Donald Trump has rejected international regulations on artificial intelligence while preparing for a critical summit with Xi Jinping. Discussions are expected to focus on AI safety and protecting intellectual property rights amidst rising geopolitical tensions. The contrasting approaches of the US and China highlight differing strategies for AI development and distribution. Both countries are wary of the inherent risks yet reluctant to address global repercussions.
ET Prime Special Series: Multibagger or IBC - Part 77: This auto ancillary wants to double revenue by FY30. Execution to decide
A business can diversify in two ways: Slowly, by building new capabilities internally; or quickly, by acquisitions. This supplier has chosen the second route. It has expanded from a mechanical-only portfolio to a multi-discipline platform, doubled its manufacturing footprint, and added more than four alliances. The opportunity is obvious: A broader product basket and new global orders. The risk is equally important. The new businesses still have to prove that growth can translate into durable returns.
Motilal Oswal initiates Buy on Solar Industries, sees 24% upside. 4 reasons why
Motilal Oswal has initiated coverage on Solar Industries with a Buy rating and a target price of Rs 23,000, citing strong growth prospects across explosives and defence. The brokerage expects revenue and profit to grow at 43% and 34% CAGR, respectively, through FY30.
Can India build its own Big Four? The battle moves to the rulebook
India is moving to reshape its accounting sector as ICAI prepares Chartered Accountants Act changes aimed at enabling larger domestic firms. Proposed reforms could ease mergers, allow capital infusion, expand multidisciplinary professional services and reshape networking rules, while government procurement changes may widen opportunities. The push seeks globally competitive Indian professional-services firms to challenge the Big Four at global scale.
From INSAS to AK-203: How India's 'Sher' assault rifle came to be
The journey from INSAS to the indigenous AK-203 'Sher' involved years of negotiations, technical challenges and efforts to secure technology transfer from Russia. The article traces how India selected the AK-203, established a joint venture at Korwa in Uttar Pradesh and overcame hurdles to begin delivering the fully indigenous assault rifle to the Army.
These large- and mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos have upside potential of up to 25%, according to analysts
Talk of tariffs, especially steep ones, makes the market nervous. Which is exactly why the next few trading sessions are critical, and why being in a hurry to take any market-related decision is the one thing to avoid right now. It is better to be cautious, to wait and watch. And let the picture become a little clearer before you act.
Tata Sons should commit to long-delayed IPO after RBI setback, proxy adviser says
InGovern Research Services advises Tata Sons to prepare for a stock market listing. The Reserve Bank of India rejected the company's bid to exit regulatory oversight. A public offering would benefit numerous indirect shareholders across group companies. Tata Sons faces a mandatory listing requirement by September 2025. The board will consider the RBI order and a potential listing timeline.
Solar Industries shares plunge 17% in 2 days. Why Jefferies, Nuvama still see up to 46% upside
Solar Industries shares have plunged over 17% in two sessions following the Rs 12,951 crore acquisition of South Africa’s Omnia Holdings. Despite the sharp correction, Jefferies and Nuvama retain Buy ratings, citing the company’s earnings growth potential, strong cash flows and strategic benefits from the acquisition and global expansion.
AI-focused VC firm Activate closes maiden fund at $105 million
The investment platform comprises an $85 million early-stage fund and $20 million deployed through dedicated growth-stage vehicles. The early-stage fund closed at 125% above its original target, Vaish told ET. The fund, founded in December 2025 by Vaish and former Together Fund investor Pratyush Choudhury, has made 10 investments since its first close in December 2025.
US Fury so 'Epic', it resulted in ammunition shortage
"The US has massive amounts of 'munitions,' especially of certain types," Trump posted on social media on August 6. In another post September 9, Trump said the US has "virtually unlimited amounts" of mid- to high-grade ammunition-"far more than we could ever use for this, or for any other War." The defence department estimated it had spent $22.3 billion worth of expended munitions in the war as of about the end of June, according to the report, while the overall cost through that period totaled more than $33 billion.
Solar's $1.3 bn bet is a turn for India's defence-industrial complex
The piece argues that Solar Industries’ ₹12,951-crore acquisition of South Africa’s Omnia Holdings could mark a new phase for India’s defence industry, as Indian companies increasingly move beyond domestic production into overseas acquisitions, manufacturing and technology partnerships.
As private wallets begin to open, India's big future bet takes off
India’s Rs 1 lakh crore RDI programme is beginning to unlock venture capital flows into deeptech, marking a shift in the country’s attempt to move from being a large technology consumer to a technology producer.
Arunachal Pradesh Frontier Highway: Clearing hurdles on road to 2029 target
India's Arunachal Frontier Highway project is now on track for construction. This strategic road aims to boost connectivity along the Chinese border. Land acquisition issues and compensation disputes have been largely resolved. The project completion deadline is set for the year 2029. This highway will facilitate rapid movement of defence forces in the region.
Adani emerges key Russia defence partner in India; HAL, Bharat Dynamics on board
Adani Defence is partnering with Russian manufacturers for advanced air defence systems. This collaboration focuses on co-production of weapons like the Pantsir in India. Contracts for Igla-S and Verba missiles are already in progress. Russia is also deepening ties with state-run firms like HAL and BDL. However, some Russian defence proposals have not gained traction with Indian forces.
$60 billion opportunity! Will defence stocks fire on all cylinders and who will be the biggest beneficiary?
India’s defence sector is entering a new growth phase, with the combat use of indigenous weapons boosting the credibility and export potential of locally developed systems. Defence spending has risen sharply from Rs 2.53 trillion in FY14 to Rs 6.81 trillion in FY26, while the government’s Atmanirbhar Bharat push is creating long-term opportunities.
Defence stocks rally as DAC clears Rs 1.10 lakh crore acquisition proposals
Defence stocks experienced a notable surge on Tuesday following government approval for military acquisitions. These proposals, valued at approximately ₹1.10 lakh crore, will largely benefit domestic manufacturers. The Nifty India Defence index reached a record high, reflecting strong investor confidence in the sector. Analysts highlight the significant order inflow visibility and structural growth opportunities for Indian companies.
Defence exports rise after Operation Sindoor. Jefferies names Solar, Astra, HAL and BEL as top stock picks
Jefferies initiated coverage on Solar Industries and Astra Microwave with Buy ratings, citing strong defence growth prospects and rising order books. It also maintained Buy ratings on HAL and Bharat Electronics while assigning a Hold rating to Bharat Dynamics. The brokerage expects robust earnings growth across these companies, supported by rising defence spending, indigenisation and export opportunities.
HAL, Astra Microwave, other defence stocks rally up to 4% after DAC clears Rs 1.10L cr proposals; Motilal picks 3 stocks to buy
Defence stocks: The Defence Acquisition Council approved defence procurement proposals worth around Rs 1.10 lakh crore, with nearly 98% of purchases to be sourced from Indian companies. The move is likely to keep defence stocks such as HAL, BEL, Paras Defence, BEML and Astra Microwave in focus. The approvals cover requirements of the Army, Navy and Air Force.
Defence Minister clears acquisition projects worth 1.10 L Crore
The defence ministry approved acquisition proposals valued at one lakh ten thousand crore rupees. These acquisitions will enhance the capabilities of the Indian Army, Navy, and Air Force. New high-mobility vehicles and advanced light helicopters are among the approved procurements. Existing fighter jets will also receive necessary upgrades to boost war-fighting capabilities. Approximately ninety-eight percent of these acquisitions will be sourced from Indian industries.
Load More
