Bharat Dynamics secures ₹1,348 crore defence order from HAL

Bharat Dynamics has received orders worth ₹1,347.71 crore from Hindustan Aeronautics Ltd for Helina launchers and defence equipment.

Bharat Dynamics has received orders worth ₹1,347.71 crore from Hindustan Aeronautics Ltd for Helina launchers and defence equipment.

Earlier this month, the company had said that it is executing a massive capital expenditure programme under which it will spend ₹7,189 crore over the next five years to increase its mining capacity by three times.

The first three buybacks carried out by SIS, in 2021, 2022 and 2023, were worth ₹100 crore, ₹80 crore and ₹90 crore respectively, and all of them were carried out at a price of ₹550 per share.

While Aastha Spintex will launch its ₹170 crore IPO on June 29 at a fixed price of ₹136 per share, packaging solutions provider Knack Packaging will open its ₹440 crore public issue on July 1 with a price band of…

JK Cement said it had participated in an e-auction conducted by the Rajasthan government and emerged as the preferred bidder for the mining lease of the Gilund Limestone Block in Chittorgarh district.

While AI-driven coding productivity is a popular theme, Axis Capital cautions that it alone cannot deliver the substantial $510 billion to $1.3 trillion in revenue that AI firms are targeting.

The brokerage said Asahi’s global alcoholic beverage portfolio, including brands such as Super Dry, Peroni and ready-to-drink products, could potentially be introduced in India or across Varun Beverages’ international markets through a similar operating model.

Motilal Oswal in its note on textiles on Tuesday said moving forward, it expects export growth to recover supported by upcoming free trade agreements (FRAs) with the UK and EU, favourable tariff realignments and improving incentives such as Rebate of…

Phil Fersht, CEO and Chief Analyst at HFS Research, sees near-term growth remaining soft for the next six to nine months, although he believes the long-term outlook for the sector remains positive.

Indian rupee slips to 94.90 against US dollar as Fed hawkish stance, strong dollar and risk off sentiment overshadow support from lower oil prices.