Defence

Astra Microwave Products: Strong margins, order pipeline to drive higher growth

In another three years, Astra Microwave anticipates massive order bookings of Rs 8,000-10,000 crore and sales exceeding Rs 7,500 crore, leveraging an expanding export focus and an addressable market of Rs 25,000-30,000 crore

Hindustan Aeronautics: De-bottlenecking efforts set stage for next phase

Robust order book supports stable financial performance till the early 2030s

Jyoti CNC Q3 FY26 – Execution strong; financial leverage in focus

Order visibility and margin stability support sustained earnings growth

The Khulna sector fight (1971): Why resistance continued even after Dhaka fell

Even as Pakistan’s Eastern Command surrendered in Dhaka on December 16, 1971, fighting persisted in the southwest — a reminder that wars do not always end the moment a document is signed.

Union Budget 2026 signals a structural shift from imports to indigenous power in defence

Capital-heavy spending, protected domestic orders, and deep-tech funding redraw India’s defence manufacturing playbook

Defence shares unlikely to rerate following Union Budget, correction poses stock-picking opportunity

Capex outlay for military modernisation has been raised to Rs 2.19 lakh crore, marking a 17.6% YoY increase, and lifting capital spending to its highest share of total defence expenditure in over a decade.

Centre earmarks Rs 2.2 lakh crore war chest in Budget to beef up armed forces' ammo

Rajnath Singh lauded the defence allocation, saying the historic success of Operation Sindoor has further cemented India’s resolve to beef up its defence system

Five themes that stand to gain from the Union Budget 2026

The Union Budget 2026 maintains policy continuity but boosts defence, railways, semiconductors, biosimilars, and rare earth sectors.

Budget firepower for Defence sector: Significantly higher allocation to boost domestic firms’ revenue visibility

The aggressive allocation provides the long-term visibility required for multi-year procurement cycles

India–EU FTA: Government, private sector must seize opportunity to unlock gains, says EY’s DK Srivastava

One of the areas with significant potential under the evolving India–EU framework is defence manufacturing, particularly through joint ventures focused on co-development and co-production, Srivastava tells Moneycontrol

Narrowing a $27 billion deficit key to India-UAE’s new $200 billion trade goal

While total trade reached $100 billion, the data shows that Indian exports have lagged behind imports, particularly in the previous fiscal year when growth in outbound shipments slowed to 2.8 percent but imports grew 32 percent, largely due to energy shipments.

Operation Rakshak, 1990s: How the counter-insurgency grid in Kashmir was built

India’s longest internal security operation evolved not through one grand plan, but through countless battalion-level adjustments that slowly bent a brutal insurgency

Budget Snapshot: For defence, execution matches allocation

This year's Budget narrative shifts from headline allocations to the critical challenge of translating record order backlogs into tangible, profitable deliveries, making execution the true test for both national security and investor returns

Defence Basket: A strategic bet for long-term investors

As India steps into 2026, the defence sector is transitioning from a period of "order book anticipation" to a high-octane "execution phase," making it a cornerstone for strategic long-term portfolios

India eyes defence exports, tech transfer via Russia-led EAEU FTA

In 2023–24, India’s arms and ammunition shipments to Russia accounted for only a small share of its global defence sales and an even smaller portion of overall exports to Russia, underscoring the limited scale of trade in this segment.

Love, lies and espionage: How a Facebook honeytrap pulled an Ambala man into spying for Pakistan

The accused, identified as Sunil, is a resident of Sabga village under the jurisdiction of Saha police station

Mega defence orders, but fewer workers as state-run defence companies shift to automation

Headcount cuts at HAL and others contrast with expansion in high-tech firms like MIDHANI as defence manufacturing turns more technology-intensive

Defence ministry says arrest of army officer shows 'zero-tolerance' policy against corruption

According to the FIR, the officer is suspected of conspiring with two persons associated with a logistics firm headquartered in Dubai.

What is Javelin missile system? As US clears $92.8 mn defence sale to India, know about this cutting-edge weapon

The DSCA said the Javelin package would bolster India's ability to counter armoured threats and support greater interoperability with US forces

What the Cabinet’s critical minerals royalty decision means

Lower royalty rates may attract bidders for critical mineral blocks, but without domestic refining capacity, India’s clean-energy and electronics supply chains will remain import-dependent, say industry experts.

OPINION | Fujian, China’s third aircraft carrier, changes Quad incentives for military ties

Over the past two decades, China’s naval shipbuilding has executed the fastest peacetime fleet expansion in history, transforming its navy from a coastal force into one rivalling the U.S. in the Western Pacific. It amplifies incentives among Quad members for deeper ties

OPINION | India’s security threat is not limited to conventional sources; asymmetric tactics are a reality

India is in a hostile neighbourhood with countries inimical to it resorting often to unconventional measures. The good news is the security establishment has been quick to prepare for it