India's Navy has commissioned its new Russian-made guided missile frigate, INS Tushil, in the Russian coastal city of Kaliningrad. The ship, part of a $2.5 billion deal for four stealth frigates, is expected to significantly enhance the Indian Navy's capabilities in the Indian Ocean. The commissioning ceremony was attended by Defence Minister Rajnath Singh, Chief of Naval Staff Admiral Dinesh K Tripathi, and other senior Indian officials. Singh described the commissioning as a testament to India's growing maritime strength and a milestone in its long-standing ties with Russia. The INS Tushil, an upgraded Krivak III class frigate of Project 1135.6, boasts advanced stealth features and stability characteristics, and incorporates 26% indigenous content thanks to collaboration with Indian naval specialists and Severnoye Design Bureau.
With sales of cooling products turning out dismal this summer due to unseasonal rains, the stocks of related companies are now off their March highs. Shares of fan and air conditioner makers such as Voltas, Symphony, Orient Electric, Johnson Controls-Hitachi Air Conditioning and Crompton Greaves are down 5-23 per cent since March when the summer season saw a firm onset. In comparison, the BSE Sensex index is up 10 per cent.
Higher prices are burdening household budgets and threatening the margins of leading manufacturers.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
IMD expects day temperatures to remain above-normal in select regions across the country between March and May 2021.
Johnson Controls-Hitachi, Voltas, Blue Star, Whirlpool recently recorded new 52-week highs but still haven't lost their steam
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Some of the biggest and the best component suppliers in the business were roped in, with scissors and ingenuity to bring out solutions within a specified cost structure.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
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