Wed, Jan 15, 2025 3:11 PM
Trent shares rise nearly 5% after Elara Securities gives 'Buy' rating
A Flip by Swapnil Tiwari
India's FY26 Union Budget, to be presented on February 1, is expected to bring consumer relief and market-friendly reforms, including potential tax breaks for lower-income groups and adjustments to capital gains taxes, which could boost consumption, revive urban demand, and reinvigorate the stock market.
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India’s push towards self-reliance in defence equipment for armed forces has borne fruit. Defence production has grown by double digits over the last decade, more than doubling from Rs 46,429 crore in FY15.A Moneycontrol analysis shows that the pace of growth has picked up further post-pandemic as the country targets the goal of Rs 3 lakh crore of defence production by 2029.
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Information and communications technology products distributor Rashi Peripherals Ltd on Wednesday (January 15) announced plans to acquire a 70% equity stake in Satcom Infotech Private Ltd. Satcom is a prominent distributor specialising in cybersecurity solutions. With this acquisition, Rashi Peripherals aims to strengthen its position as a comprehensive ICT solutions provider in India.
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