Among Sensex firms, Eternal, Tata Motors, State Bank of India, Adani Ports, NTPC, IndusInd Bank, Bajaj Finance, Asian Paints, Axis Bank and Sun Pharma were the major losers. Bharti Airtel, Tata Steel, Mahindra & Mahindra, Hindustan Unilever, Nestle and Maruti were among the gainers.
A Belgian court has declined the bail plea of Mehul Choksi, a key accused in the Rs 13,500 crore Punjab National Bank (PNB) loan fraud case.
India and Israel are expected to discuss the progress in their joint military projects including air defence systems and specialised radars during Defence Secretary-level talks starting on December 3 in New Delhi.
The Airbus C-295 can carry up to 71 troops, or 50 paratroopers with battle loads. It can ferry supplies to locations inaccessible to the IAF's heavy transport fleet.
The Enhanced Pinaka has demonstrated a range of 75 km and an ability to strike within 10 metres of where it is aimed. This allows a Pinaka battery to destroy a terrorist camp, or an enemy post, logistics dump or headquarters, without sending soldiers across the border.
Indian Defence Minister A K Antony is 'very suspicious of the private sector', leading Indian business baron Jamshyd N Godrej has said.
The industry ministry on Monday proposed foreign direct investment up to 74 per cent in the defence sector from the present 26 per cent, stating urgent upgrade of equipment in the armed forces was needed as a bulk of them suffered from obsolescence.
Prime Minister Narendra Modi said he had a 'fruitful meeting' with United States National Security Advisor Michael Waltz and they discussed defence, technology and security areas, which are important aspects of the India-US ties.
The defence ministry has signed off on a national security plan that it cannot fund. Ajai Shukla reports
The government on Thursday told an all-party meeting that the Pahalgam attack was carried out to vitiate the atmosphere at a time when the economy of Jammu and Kashmir was on the upswing and tourism was booming. Briefing reporters after the meeting chaired by Defence Minister Rajnath Singh, Union minister Kiren Rijiju said all parties said they were with the government and against terror. The party leaders were briefed by Intelligence Bureau (IB) and Union Home Ministry officials on the steps being taken to prevent the recurrence of such incidents, Rijiju said. Home Minister Amit Shah, present in the meeting, interjected wherever required as officials briefed MPs, according to sources. At least 26 people, mostly tourists, were killed and scores injured when terrorists shot them in Pahalgam in Jammu and Kashmir on Tuesday.
The ministry of external affairs said the official has been given 24 hours to leave the country.
Faced with a resource crunch, the Union defence ministry will undertake a review next month of major military projects such as plans for acquiring 126 combat aircraft and raising a Strike Corps in the northeastern sector.
The defence ministry said Maharashtra was voted as the best tableau among the states/union territories in the popular choice category.
In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman, a total of Rs 1,52,369 crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, warships and other military hardware.
'A month after assuming charge, Parrikar promised a policy within six months to "end or at least reduce" terrorist infiltration across the Line of Control.' 'However, infiltration continued apace, leading to high-profile terrorist attacks in Gurdaspur, Pathankot, and Uri.' 'During this phase, he made the controversial suggestion that India should fight terror with terror, hinting at supporting terror groups to strike in Pakistan,' observes Ajai Shukla.
Gyanesh Kumar, a 1988-batch Kerala Cadre IAS officer, has been appointed as the next Chief Election Commissioner (CEC) of India. Kumar, who was previously an Election Commissioner, will serve until January 26, 2029. His appointment comes amidst controversy as the Congress party demanded the government defer its decision until the Supreme Court concludes its hearing on a petition challenging the composition of the selection panel. Kumar's tenure will see him oversee several state assembly elections, including Bihar, Kerala, Puducherry, Tamil Nadu, and West Bengal.
India's doctrinal policy shift in combating terror by carrying out the Balakot air strikes inside Pakistan, appointment of a Chief of Defence Staff and hastening work on military modernisation marked a new beginning in 2019 in dealing with complex security challenges.
The key platforms that India has been exporting are Dornier-228 aircraft, 155 mm Advanced Towed Artillery Guns (ATAGs), Brahmos missiles, Akash missile system, radars, mine protected vehicles, armoured vehicles, Pinaka rockets and launchers, ammunition, thermal imagers and various components of avionics and small arms.
On Tuesday, Pompeo and Esper will hold the 2+2 talks with External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh, covering the entire expanse of defence and security ties as well as key regional and global issues.
India's nuclear-powered submarine INS Arihant on Friday carried out a successful launch of a submarine-launched ballistic missile (SLBM) in the Bay of Bengal with a 'very high accuracy', the defence ministry said.
Though the ministry officials were tight-lipped, highly placed sources said the intelligence agencies had tapped his phone conversations with armaments companies.
