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Defence Stocks in Spotlight India Launches 'Operation Sindoor'
OutlookIndia
·
2m ago
Medial
Defence stocks are gaining attention as India launches 'Operation Sindoor' in response to a terrorist attack in Pahalgam, which resulted in multiple casualties. The operation has led to a military response targeting terrorist-linked sites in Pakistan and its occupied territories. Despite the spotlight on these stocks, the overall market remains range-bound. Notably, the Nifty India Defence index experienced fluctuations following the incident, performing better than benchmark indices amid rising geopolitical tensions.
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Defense related stocks surge; Ideaforge tech jumps 20%
Economic Times
·
2m ago
Medial
Defence-related stocks surged due to increased focus and expected spending amidst India-Pakistan geopolitical tensions. The Indian Army reported drone attacks and ceasefire violations by Pakistan, which were effectively repulsed. Key stocks like Paras Defence, Bharat Dynamics, and Bharat Electronics rose significantly. Ideaforge Technology and Droneacharya Aerial Innovations also saw considerable gains. Analysts highlighted the influence of potential defense spending increases on stock momentum, following India's retaliatory missile strikes in Pakistan-occupied Kashmir under 'Operation Sindoor'.
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India Launches Diplomatic Blitz Post Strikes, Receives Positive Response from Overseas
OutlookIndia
·
2m ago
Medial
Following Operation Sindoor in Pakistan, India initiated extensive diplomatic engagement to gather international support and ensure transparency about its actions targeting terrorism. National Security Adviser Ajit Doval and External Affairs Minister S. Jaishankar reached out to global counterparts, including the five permanent members of the United Nations Security Council and strategic allies. The diplomatic efforts were broadly welcomed, with various countries expressing solidarity with India and condemning cross-border terrorism.
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Government debunks viral ‘Operation Sindoor’ WhatsApp message as fake
Economic Times
·
2m ago
Medial
The Press Information Bureau’s Fact Check unit debunked a viral WhatsApp message titled "Operation Sindoor," allegedly from the Ministry of Defence and warning of potential conflict with Pakistan, as fake. The message advised civil preparedness with detailed instructions, sparking public concern. The government confirmed no such advisory was issued, urging the public to verify information through trusted sources and avoid spreading misinformation. The incident coincided with reports of ceasefire violations by Pakistan.
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Markets on Edge as India Launches Strikes Under ‘OPERATION SINDOOR’, Fed Meet in Focus
OutlookIndia
·
2m ago
Medial
India's stock market is expected to open cautiously following the Indian Armed Forces' strikes on terror-linked sites in Pakistan under "Operation Sindoor," initiated in response to an April 22 terrorist attack in Pahalgam. As markets react to rising tensions, notable movements include a temporary dip in the GIFT Nifty. Alongside geopolitical uncertainties, upcoming US Federal Reserve meeting outcomes and March quarter earnings season are anticipated to influence stock-specific volatility.
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Defence stocks jump up to 3% amid rising Iran-Israel tensions, defence budget boost hopes
Economic Times
·
29d ago
Medial
Defence stocks surged up to 3% amid rising tensions between Iran and Israel, and expectations of an increased Indian defence budget. Key gainers included Data Patterns, Bharat Dynamics Ltd, BEML, and Hindustan Aeronautics Ltd. The Indian government aims for Rs 25,000 crore in defence exports by 2025–26, which bolsters investor interest in the sector. Analyst Sankhanath Bandyopadhyay highlighted the promising outlook for defence stocks given these geopolitical and economic factors.
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Operation Sindoor: Airlines offer full refunds amid suspended bookings
Economic Times
·
2m ago
Medial
Travel platform Ixigo and airlines have announced full refunds for travelers affected by flight suspensions due to Operation Sindoor. Flights to airports in India and countries like Turkey and Azerbaijan are impacted. Airlines including IndiGo, SpiceJet, and Air India are offering flexible policies and waivers on fees. The move responds to tensions between India and Pakistan, with travel companies suspending bookings to certain countries and issuing advisories amid the closure of 32 airports in India.
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Operation Sindoor: Air Travel Disrupted IndiGo, Air India & SpiceJet Announce Cancellations
OutlookIndia
·
2m ago
Medial
Following military strikes under Operation Sindoor, tensions between India and Pakistan have led to major disruptions in air travel across northern India. Air India, IndiGo, and SpiceJet have canceled or temporarily closed flights to several key locations, including Srinagar, Jammu, and Amritsar, citing changing airspace conditions. The Airports Authority of India also closed Srinagar airport, while Qatar Airways suspended its flights to Pakistan. Authorities urge travelers to check their flight status ahead of travel.
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No more long delays: Defence secretary says India plans to reduce weapon buying timeline from 6 to only 2 years
Economic Times
·
25d ago
Medial
India aims to reduce its weapon procurement timeline from six to two years, as outlined by Defence Secretary Rajesh Kumar Singh. The focus is on improving post-operation assessments, addressing structural procurement challenges, and boosting indigenous capability. Singh highlighted the need to streamline the Defence Acquisition Procedure (DAP) and enhance domestic manufacturing. The country’s defence exports have grown significantly, and efforts are concentrated on increasing high-value system sales internationally.
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Over 200 Flights Cancelled; 18 Airports Temporarily Closed for Operations
OutlookIndia
·
2m ago
Medial
In response to missile attacks against Pakistan, over 200 flights have been canceled, and 18 airports in northern and western India, including Srinagar and Leh, are temporarily shut. Airlines such as Air India, IndiGo, and SpiceJet have halted services, affecting major airports like Delhi. Passengers can reschedule or get refunds. There are widespread cancellations in retaliation for the Pahalgam terror attack as part of India's Operation Sindoor, further impacting regional and international flights.
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Indian airlines stare at a loss of Rs 30 crore daily amid India-Pakistan conflict: Report
Business Today
·
2m ago
Medial
Indian airlines are incurring daily losses of Rs 30 crore due to the India-Pakistan conflict, with approximately 400 flight cancellations in northern and western regions. Indigo, Air India, and SpiceJet have collectively cancelled hundreds of flights impacting international routes to various countries. The flight suspensions, part of Operation Sindoor targeting terrorist camps, significantly affect airline revenues and operational capacities, leading to a substantial economic burden on the Indian aviation and hospitality sectors.
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