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Zen Tech, HAL & other defence stocks rally up to 6% on DAC’s Rs 52,000-crore approval. Motilal picks 3 shares to buy
Shares of defence companies, including Zen Technologies, ideaForge, Paras Defence, Data Patterns, Bharat Electronics (BEL) and Hindustan Aeronautics (HAL) rallied up to 6% on Monday after the Defence Acquisition Council (DAC) approved procurement proposals worth about Rs 52,000 crore. The approvals cover a wide range of acquisitions aimed at strengthening the capabilities of the Army,…
Govt may keep Rs 7,500 cr outlay for IT hardware manufacturing under PLI scheme
NEW DELHI: The government may keep an outlay of Rs 7,500 crore under the production linked incentive scheme for IT hardware products like personal computers, laptops, tablets and servers, according to a source aware of the development. Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years,…
LK Advani’s ‘gift’ makes its way to State Department exhibition hall
WASHINGTON: An elephant figurine, made up of artificial pearls and semi-precious stones, which was gifted by the then Indian Home Minister Lal Krishna Advani to US Secretary of State Colin Powell in 2002, has made its way to the State Department exhibition hall. “Secretary Colin Powell received this gift from Indian Minister of Home Affairs…
India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead
New Delhi: India’s economy grew by a better-than-expected 7.8% in the March quarter from a year earlier, belying fears of the West Asia war hurting the economy, lifting FY26 growth to 7.7%, according to official data released on Friday. A strong showing by private investment and consumption backed the numbers. “GDP growth surprised on the…
Apple faces Indian engineer’s bias lawsuit
Apple Inc. lost an early round in a discrimination lawsuit brought in the U.S. by a female engineer from India who says her two managers — one from her country, the other from Pakistan — treated her as they would in their own countries: as a subservient. The woman’s case in California state court is…
Confidence level of industry improving: KV Kamath, ICICI Bank
ET Now caught up with KV Kamath, Chairman, ICICI Bank, for his expectations from the Narendra Modi government as well as the Budget. Excerpts: ET Now: Talking of expectations from Narendra Modi, do not you think too much hope and money in essence is riding behind one man? Despite his good intentions, there are structural…
