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Business Upturn
an hour ago
- Business
- Business Upturn
Top stocks in focus on July 18: Wipro, HAL, Afcons Infrastructure, Axis Bank, LTIMindtree, Jio Financial and more
By Aman Shukla Published on July 18, 2025, 08:09 IST Indian equity markets ended lower on Thursday, weighed down by losses in IT stocks and cautious investor sentiment ahead of the US-India trade talks. Additional pressure came from continued foreign fund outflows and below-par corporate earnings. On Friday, several companies are likely to remain in focus due to quarterly results and corporate developments: Stocks to Watch – July 18 Afcons Infrastructure: Wins two Croatian road construction projects. Godrej Properties: Buys 48-acre land in Doddaballapur, Bengaluru. Indostar: Sells Niwas Housing Finance for ₹1,705.95 crore. EMS: Bags ₹19.46 crore electrical works order; gets project approval worth ₹194.6 million. Bharat Forge: JV formed in Spain via Kalyani Strategic Systems. Inox Wind: Plans ₹1,250 crore rights issue. NTPC Green: Govt clears ₹20,000 crore investment limit. Dodla Dairy: Acquires HR Food Processing to expand East India presence. One 97 Communications: Registers Paytm Company in Saudi Arabia. Euro Asia Exports: Gets LoI from CYGR (France) to make drone modules. Lupin: Dabhasa API plant gets TGA Australia GMP nod. HAL: Receives wing assemblies for LCA Mk1A from L&T. Nuvoco: Q1 profit jumps to ₹133 crore from ₹2.8 crore YoY. Sunteck Realty: Q1 profit at ₹33.4 crore vs ₹22.8 crore YoY. Sterling & Wilson: Profit at ₹38.69 crore vs ₹4.83 crore YoY. M&M: To subscribe fully to MLL rights issue at ₹277/share. Wipro: Q1 profit at ₹3,330 crore; beats estimates slightly. Axis Bank: Q1 profit below estimates; slippages rise to ₹8,200 crore. Clean Science: Q1 profit at ₹70.06 crore; revenue at ₹242 crore. LTIMindtree: Reports improved YoY earnings. Jio Financial: Profit at ₹325 crore; revenue grows to ₹612 crore. Indian Hotels: Profit rises to ₹296.4 crore; revenue at ₹2,041.8 crore. Tata Communications: Profit falls to ₹190 crore; revenue improves. Shoppers Stop: Narrows loss to ₹15.74 crore. CEAT: Profit drops to ₹112 crore YoY; revenue up. G M Polyplast: Reappoints Sarita Sharma as Whole-time Director. Vadilal: CFO Sonali Parab resigns. Emami: Invests in Cannis Lupus Services via OCDs. Elpro International: Buys shares in Arvind Fashions. Escorts Kubota: Gets GST notice over ₹7.48 crore refund. Asian Energy: VP Gyanendra Singh resigns. Adani Enterprises: Wilmar shares released from encumbrance. Adani Ports: Moody's reaffirms Baa3 rating; outlook unchanged. Veranda Learning: Opens QIP; floor price set at ₹236.92/share. Alok Industries: Q1 loss widens to ₹176.5 crore; revenue dips. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Afcons InfrastructureAxis BankHALJio FinancialLTIMindtreeStock MarketWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
09-07-2025
- Science
- Time of India
PM's principal secy reviews indigenous projects at HAL
Bengaluru: PK Mishra, principal secretary to the Prime Minister, visited the facilities of defence PSU Hindustan Aeronautics Limited in Bengaluru and reviewed progress of key indigenous defence and space programmes. Mishra visited Aircraft Research & Design Centre (ARDC) and toured LCA Mk 2 hangar. He then went to LCA Tejas assembly hangar and the aerospace division, where he was briefed on the ongoing production of LCA Tejas Mk 1A. HAL displayed six LCA Mk 1A fighters and two LCA Mk 1 trainers during the visit. At the aerospace division, Mishra toured LVM-3 and PSLV assembly lines, the cryogenic engine manufacturing facility, and reviewed HAL's contributions to Gaganyaan mission. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru
Time of India
09-07-2025
- Business
- Time of India
PM's principal secretary reviews key indigenous projects at HAL
Bengaluru: , principal secretary to the prime minister, visited defence PSU Hindustan Aeronautics Limited (HAL) facilities in Bengaluru on Tuesday and reviewed progress on several key indigenous defence and space programmes. Tired of too many ads? go ad free now 'The visit was led by HAL CMD DK Sunil, with other board members present. Mishra began the visit at the Aircraft Research & Design Centre (ARDC), where he toured the LCA Mk 2 hangar,' HAL said late on Tuesday. Mishra then proceeded to the LCA Tejas assembly hangar and the aerospace division, where he was briefed on the ongoing production of the LCA Tejas Mk 1A. HAL displayed six LCA Mk 1A fighters and two LCA Mk 1 trainers during the visit. 'HAL presented a range of indigenous platforms to the visiting official, including the Prachand light combat helicopter, Light Utility Helicopter (LUH), Dhruv advanced light helicopter, and the HTT-40 basic trainer aircraft. The organisation reaffirmed its readiness to lead collaborative, multi-stakeholder programmes in the future,' the PSU said. PK Mishra at HAL, Bengaluru At the aerospace division, Mishra was received by Isro chairman V Narayanan. He toured the LVM-3 and PSLV assembly lines, the cryogenic engine manufacturing facility, and reviewed HAL's contributions to the Gaganyaan mission. PK Mishra at HAL, Bengaluru 'He was also briefed on HAL's recent selection for the Small Satellite Launch Vehicle (SSLV) technology transfer programme. Mishra commended HAL's role in advancing India's self-reliance in defence and aerospace,' HAL added.
India Gazette
09-07-2025
- Business
- India Gazette
Karnataka: Principal Secretary to PM visits HAL; reviews key indigenous projects
Bengaluru (Karnataka) [India], July 9 (ANI): Principal Secretary to Prime Minister P K Mishra visited the Hindustan Aeronautics Limited (HAL) and reviewed key indigenous projects, as per a release. DK Sunil, CMD of HAL, led the visit, along with other HAL Board members, on Tuesday. Mishra commenced his visit with a tour of the LCA Mk 2 hangar at the Aircraft Research and Design Centre (ARDC), followed by a visit to the LCA Tejas Assembly Hangar and Aerospace Division. At the LCA Tejas Division, he reviewed the progress of the LCA Tejas Mk 1A program and was briefed on the current production progress. HAL showcased six LCA Mk 1A fighters and two LCA Mk 1 trainers during the visit. HAL reaffirmed its commitment and preparedness to lead multi-stakeholder programs in the future to the visiting dignitary. Earlier on June 16, Misra conducted site inspections and high-level review meetings in Dholera and Lothal in Gujarat, assessing key infrastructure projects on Monday. These projects are aligned with Prime Minister Narendra Modi's vision for industrial and economic growth, according to a release by PMO. According to the release, Mishra visited the under-construction Ahmedabad-Dholera Greenfield Expressway, implemented by the National Highways Authority of India (NHAI). He highlighted the expressway's potential to reduce travel time between Ahmedabad and Dholera to 45 minutes and emphasised timely execution with global-quality road standards. At Dholera Special Investment Region (DSIR), Mishra assessed the progress of Dholera International Airport. Officials informed him that cargo operations would commence by October 2025. He directed authorities to adhere to timelines and ensure seamless connectivity with the expressway. The Principal Secretary to PM inspected Tata Electronics' Semiconductor Fabrication (Fab) project, a flagship initiative in domestic chip manufacturing. He reviewed its production scope, including chips for mobile devices, consumer electronics, and automotive applications. He also visited social infrastructure projects--schools, hospitals, and residential complexes--developed by Dholera Industrial City Development Limited (DICDL). He emphasised user experience, calling for stakeholder feedback integration. Mishra also chaired a comprehensive review meeting with senior officials from DICDL, DIACL, NHAI, Airports Authority of India, and Indian Railways. He reviewed key projects, including Ahmedabad-Dholera Expressway, Bhimnath-Dholera Freight Rail Link, Ahmedabad-Dholera Semi-High-Speed Rail Line, Dholera International Airport. Mishra reiterated the Government of Gujarat's commitment to Dholera's development as a global-standard smart industrial city. He stressed the importance of timely project completion, skilled workforce availability, and robust planning, the release added. (ANI)
India Today
30-06-2025
- Business
- India Today
Why HAL opting for foreign tech for jets is a Make in India snub
(NOTE: This article was originally published in the India Today issue dated July 7, 2025)Operation Sindoor was an emphatic assertion of indigenous military prowess. Yet, a troubling contradiction emerged soon after. The Defence Research and Development Organisation (DRDO), which lies at the heart of India's defence innovation, now finds itself cornered, because Hindustan Aeronautics Limited (HAL) has opted to instal imported radar and early warning systems in its latest jets, going back on its word to use the DRDO's indigenous Uttam AESA (Active Electronically Scanned Array) radar and the Swayam Raksha Kavach (SRK) Electronic Warfare (EW) suite. Sources say that HAL has issued a Letter of Intent to Israeli firm ELTA systems regarding the delivery of radars and EW suites. In a similar move in the Rafale Marine fighter jet deal, the Uttam radar was pulled out of the final configuration at the insistence of manufacturer Dassault Aviation despite being part of the original 2021, when the Indian Air Force (IAF) ordered 83 LCA Mk1A multirole fighter jets from HAL in a Rs 48,000 crore deal, the latter had committed to integrating indigenous radar and EW systems for the last 43 aircraft, or from the 41st LCA Mk1A. However, in a volte face, HAL in March 2025 decided to put in radar and EW systems from ELTA, the supplier for the first 40 aircraft, for those final 43 aircraft as well. Though HAL was to start delivering LCA Mk1As from February 2024, not a single aircraft has a fighter jet, radars provide situational awareness by tracking targets and guiding missiles while an EW suite protects it from enemy radar by jamming them or deploying countermeasures. The AESA radar project, called the Uttam (or 'excellent') radar, was initiated in 2008 and sanctioned in 2012. DRDO completed the Transfer of Technology to HAL in July 2023, with Bharat Electronics Limited (BEL) as a subsystem supplier. The radar was cleared for export that The SRK EW suite—designed to work with the Uttam radar—is being made by DRDO's Combat Aircraft Systems Development & Integration Centre, Bengaluru, and Defence Electronics Research Laboratory, Hyderabad. The EW suite comprises two components: the Radar Warning Receiver (RWR) and the Advanced Self-Protection Jammer (ASPJ) pod. WHY FOREIGN CHOICEAn HAL official attributed the decision to the delayed certification of the DRDO's radar and EW suite by the Centre for Military Airworthiness and Certification (CEMILAC). 'We have the imported radar as the DRDO radar and EW suite are not certified for production by CEMILAC completely,' a key HAL official tells india today. HAL had issued a tender in November 2024 for 43 Uttam radars for the LCA Mk1A, making its U-turn all the more unexpected. A DRDO official acknowledges delays in conducting trials of the EW suite due to the non-availability of suitable test aircraft but claims that CEMILAC had certified the radar for production last year. The official adds that the DRDO had requested HAL for more time and that a final decision was yet to be officials point out a viable alternative—integrating the Uttam radar with imported EW systems until the SRK suite receives complete certification. In fact, making HAL's decision even more perplexing, in a recent internal communication to HAL and DRDO in April, CEMILAC stated that the Uttam radar had completed four phases of flight trials. Additionally, the radar hardware had undergone qualification tests according to the LCA Mk1A's requirements. To facilitate the induction of the radar, CEMILAC recommended commencing production of the radar subsystems, with HAL's avionics division in Hyderabad serving as the lead system integrator.A senior DRDO official suggests that HAL's hesitation may stem from a lack of confidence in the indigenous system. 'It seems it is under pressure to deliver the jets,' he tells india today. 'If the air force has expressed confidence, the HAL should also be a little patient to adopt an Indian made system. Moreover, by the time HAL reaches at 41 aircraft, the Indian EW suite would be certified,' he says. HAL's decision to opt for imported technology, he adds, undermines the efforts towards indigenisation. Ravi Gupta, a former DRDO scientist, states that the DRDO's Electronics and Radar Development Establishment (LRDE) invested years in developing these technologies. 'Having complete control over the supply chain and source code of indigenous radar systems is essential for national security, particularly in the event of war, when imported systems may be compromised,' he LRDE co-developed the Uttam AESA radar system with other DRDO labs and partners like BEL. Unlike mechanically scanned radars, Uttam employs electronically controlled antennas, known as Transmit/ Receive Modules (TRMs), which enable faster beam switching and improved target tracking and resistance to Uttam radar has also demonstrated an ability to track up to 50 airborne targets at ranges beyond 100 km and engage four targets simultaneously. The IAF has taken a keen interest in the Uttam radar, and top IAF leadership has praised its a senior DRDO official says that flight trials of the radar and development of the EW suite faced numerous hurdles. Developing cutting-edge systems from scratch with industry partners is a huge challenge. Secondly, DRDO's access to only older Tejas LCA aircraft hindered progress. In contrast, foreign manufacturers were provided with two LCA Mk1A following weeks will reveal whether HAL's decision will stand, or if the DRDO's painstaking efforts will be honoured. One thing is clear—the IAF, MoD officials and most Indian scientists are standing by the Uttam radar and the SRK EW to India Today Magazine- EndsMust Watch
