Indian Stock Market Daily Updates
India and the United States are in the final stages of negotiations for a fighter jet technology deal that would see the US transfer 80% of its jet engine technology to India. The deal, which is expected to be worth billions of dollars, would be a major boost for India’s indigenous fighter jet program, the … Read more
India and France have agreed to a major arms deal, with India to purchase 26 Rafale fighter jets and 3 Scorpene submarines from France. The deal is worth an estimated $15 billion. The Rafale is a fourth-generation multirole fighter jet that is manufactured by Dassault Aviation of France. The jet is known for its agility, … Read more
JayKay Enterprises Limited, a leading textile and engineering company, has acquired a 76.41% stake in Allen Reinforced Plastics Pvt Ltd (Allen), a defence and aerospace engineering company. The acquisition was completed on July 9, 2023, for a cash consideration of about Rs 90 crore. Allen is a well-established company with a strong track record in … Read more
IdeaForge Technology, a leading Indian drone maker, made a stellar debut on the stock exchanges on Friday, listing at Rs 1,300 on the National Stock Exchange (NSE), a premium of 93% over its issue price of Rs 672. The stock got listed at Rs 1,305.10 on the Bombay Stock Exchange (BSE), up 94.21 percent, as … Read more
Zen Technologies Limited, a leading provider of military training and anti-drone solutions, has bagged a Rs 160 crore order from the government of India. The contract comes under the government’s Indigenous Design and Development (IDDM) initiative, which calls for Indian intellectual property and more than 60 percent home-made content. The order is for the supply … Read more
The Indian Defence Ministry has approved the procurement of 30 MQ-9B Sea Guardian drones from the US. The deal is worth $3 billion. The drones will be used by the Indian Navy for surveillance and reconnaissance missions. The MQ-9B Sea Guardian is an unmanned aerial vehicle (UAV) that is designed for maritime surveillance. It has … Read more