Cabinet Committee on Security, on 02 September 2024, approved the proposal for procurement of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF) under Buy (Indian) category from Hindustan Aeronautics (HAL) at a cost of over Rs 26,000 crore inclusive of all taxes and duties. The delivery of these aero-engines would start after one year and complete over a period of eight years.
Posts in category Business Standard
Maruti Suzuki production rises 2% YoY in Aug’24 (03-09-2024)
The car manufacturer announced that its total production increased 2.15% to 168,953 units in August 2024 as against 165,402 units recorded in August 2023.
LTTS receives John Deere Partner-level status for 4th consecutive year (03-09-2024)
The Partner-level status is Deere & Company’s highest supplier rating. India headquartered LTTS has been selected for the honor in recognition of its dedication to providing products and services of outstanding quality as well as its commitment to continuous improvement.
How expensive are the Indian stock markets? A quick check on PE multiples (03-09-2024)
The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.
Indices nudge lower in early trade; breadth strong (03-09-2024)
At 09:30 IST, the barometer index, the S&P BSE Sensex, fell 27.58 points or 0.04% to 82,516.62. The Nifty 50 index shed 12.95 points or 0.05% to 25,273.65.
Belstar Microfinance update on proposed IPO (03-09-2024)
The IPO will be subject to market conditions, receipt of applicable approvals, if any, and other considerations.
Mazagon Dock Shipbuilders Ltd Surges 4.43% (03-09-2024)
Mazagon Dock Shipbuilders Ltd has lost 13.91% over last one month compared to 0.64% fall in BSE Capital Goods index and 2.06% rise in the SENSEX
ICICI Bank Ltd Slips 0.38% (03-09-2024)
ICICI Bank Ltd has added 2.42% over last one month compared to 0.01% fall in BSE BANKEX index and 2.06% rise in the SENSEX
Kaynes Technology soars after Govt approves proposal for establishing semiconductor unit (03-09-2024)
Kaynes Technology India jumped 5.20% to Rs 4899 after the company informed that the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of Kaynes Semicon to setup a semiconductor unit in Sanand, Gujarat.
F&O Cues: DIIs net long in Nifty highest in 2 months; futures premium sink (03-09-2024)
Derivatives market update for Sept 03: The Nifty September futures premium tumbled from Rs 141 on Friday to Rs 61 on Monday. DIIs added fresh longs in Nifty futures, while FIIs sold.