Rising India-Pakistan tension & an expectation of domestic firms getting major orders from armed services spark a market rally for both govt & private defence firms.
Defence exports grew by 12.04% year-on-year. MoD says 1,762 export authorisation were issued in FY2024-25 compared to 1,507 in the preceding financial year.
Mazagon Dock Shipbuilders has been without a head since Feb this year due to power struggle between naval officers and civil servants on criteria of qualifications.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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