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Business Standard
04-07-2025
- Business
- Business Standard
DAC ₹1.05-trn nod spurs defence stocks; Paras, Astra, BEML jump up to 9%
Defence stocks in focus: Shares of defence companies, including Paras Defence, Astra Microwave, and DCX Systems India among others surged up to 10 per cent in intraday trade on the NSE on Friday, July 4, 2025, following fresh procurement approvals by the government. The Nifty India Defence index gained as much as 1.76 per cent, to hit an intraday high of 9,012.60. At 10:51 AM, Nifty India Defence index was trading 1.45 per cent higher at 8,985.30 levels, while the benchmark Nifty50 was flat with a positive bias at 25,417.40. Among the key gainers, Paras Defence rose nearly 9 per cent, Astra Microwave surged 4.79 per cent to ₹1,109, while BEML jumped 4.53 per cent to ₹4,655. DCX Systems climbed 4.15 per cent to ₹288, and GRSE advanced 3.25 per cent to ₹3,038. Cochin Shipyard gained 2.90 per cent at ₹2,073.90, while Mazagon Dock rose 2.41 per cent to ₹3,367. Unimech Aerospace gained 2.27 per cent to ₹1,320, and Mishra Dhatu moved up 2.62 per cent to ₹442.40. Zen Technologies surged 3.41 per cent to ₹1,991.10, and Hindustan Aeronautics Ltd (HAL) inched up 1.43 per cent to ₹5,002. Other stocks included Bharat Dynamics (up 2.45 per cent to ₹2,013.50), Dynamatic Technologies (up 1.08 per cent to ₹7,278), BEL (up 1.44 per cent to ₹432.40). Cyient DLM (up 1.91 per cent at ₹489.30), MTAR Technologies (up 1.83 per cent to ₹1,613.50), Solar Industries (up 1.05 per cent to ₹17,000), and Data Patterns (up 1.97 per cent to ₹3,025.50). The sharp rally came after the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, approved 10 major capital acquisition proposals on Thursday. The total value of these approvals is estimated at around ₹1.05 trillion, all through indigenous sources. These Acceptance of Necessity (AoN) approvals include procurement of Armoured Recovery Vehicles, an Electronic Warfare System, an Integrated Common Inventory Management System for the Tri-Services, and Surface-to-Air Missiles. The Ministry of Defence stated that the acquisitions aim to 'provide higher mobility, effective air defence, better supply chain management and augment the operational preparedness of the armed forces.' Ravi Singh, SVP of research at Religare Broking, commented, 'The DAC has taken another important step toward boosting India's self-reliance in defence manufacturing. The government's continued focus on manufacturing, along with rising defence budget allocations, is providing strong support to the sector. This creates long-term growth visibility for domestic defence companies, especially those with strong execution in aerospace, electronics, and missile systems.' Defence sector lift-off According to a note by InCred Equities dated June 23, India's defence sector is on the cusp of major transformation, driven by a record-high allocation of ₹6.81 trillion in the 2025–26 Union Budget, accounting for 13 per cent of total central expenditure. Over the past decade, defence spending has grown at a compound annual rate of 9 percent, underscoring a steady rise in investment. A notable 13 per cent increase in capital outlay this year highlights the government's strong focus on modernisation, with funding directed towards advanced weaponry, naval ships, aircraft, research and development, and key border infrastructure. This combination of sustained budgetary support and increased capital investment not only enhances operational capabilities but also fuels domestic innovation and strategic self-reliance, paving the way for long-term technological advancement and structural growth in the sector, analysts at InCred Equities said. Investment strategy On investment strategy, Singh added that investors can consider a buy-on-dips approach, as defence stocks have shown strong upward momentum over the last 3–4 months. He recommends focusing on quality stocks such as BDL, BEL, and HAL, especially those with healthy order books, improving margins, and strong operating leverage. Meanwhile, InCred Equities highlighted HAL as a clear beneficiary of indigenisation, with robust order inflows and strong revenue visibility. BEL, too, remains a top pick with a solid pipeline, proven execution, and rising export potential.
India.com
01-07-2025
- Entertainment
- India.com
Meet Salman Khan, Shah Rukh Khan, Aamir Khan, Katrina Kaif, Deepika Padukone's Bodyguards Who Draw Staggering Salaries In Crores More Than Many Top CEOs
photoDetails english 2924411 Updated:Jul 01, 2025, 07:00 AM IST Highest-Paid Bodyguards Of Bollywood Celebs 1 / 9 Meet 8 Highest-Paid Bodyguards Of Bollywood Celebs: Bollywood A-listers are often spotted with a huge entourage while on promotions or attending an event, right? They are always guarded by their heavy-duty bodyguards, ensuring nobody manages to get close to them - making a safe circle around them. Well, they stay with the stars 24*7, like a shadow and manage to protect them from the maddening crowd. Today, let's dig deeper into the salaries of some the bodyguards of popular actors and find out who is the highest-paid celebrity bodyguard in Bollywood: (Disclaimer: These are all speculative figures based on several media reports. No official word on the salary or annual amount has been made public by any of the persons.) Shah Rukh Khan's bodyguard Ravi Singh's Fee 2 / 9 Shah Rukh Khan is never really alone! Well, to keep the crazy crowd at bay, you will always spot his tall and well-built bodyguard Ravi Singh accompanying him at all events. According to Pinkvilla, Ravi Singh earns Rs. 2.7 crore making him the highest-paid bodyguard in Bollywood. Salman Khan's bodyguard Shera's Salary 3 / 9 Sallu Bhai and Shera's bond is thick and we have seen them on multiple occasions, together. Shera even did a cameo in Bhaijaan's film titled 'Bodyguard'. According to many reports, he gets Rs 2 crore annually. Aamir Khan's bodyguard Yuvraj Ghorpade 4 / 9 Aamir Khan's bodyguard Yuvraj Ghorpade reportedly wanted to become a body builder. As per a Times Now report, he takes home around Rs 2 crore annually. Akshay Kumar's bodyguard Shreysay Thele 5 / 9 Mens XP quoted a Mid-Day report stating that Akshay Kumar's bodyguard Shreysay Thele, who has been been with him for many years draws an annual salary of Rs. 1.2 crore. Anushka Sharma-Virat Kohli's bodyguard Sonu aka Prakash Singh 6 / 9 According to Prakash Singh's annual salary is around Rs 1.2 crore. And guess what, we have always seen him protect the power couple from the prying media glare at all events. Amitabh Bachchan's bodyguard Jitendra Shinde 7 / 9 Jitendra Shinde is megastar Amitabh Bachchan's bodyguard, often spotted at events holding a carbine gun and protecting Big B. Shinde reportedly runs a security agency but manages Bachchan senior personally. He earns around Rs 1.5 crore annually. Deepika Padukone's bodyguard Jalal's Salary 8 / 9 Deepika Padukone is most times seen with her bodyguard Jalal. The annual salary of Jalal is Rs. 1.2 crore annually, as per Money Control report. Katrina Kaif's bodyguard Deepak Singh 9 / 9 Katrina Kaif's bodyguard, Deepak Singh, gets around an estimated Rs 1 crore annually, according to Money Control report. Deepak also provided security to several other high-profile celebrities, including Salman Khan, Paris Hilton, and Madhuri Dixit, in addition to Katrina.
Time of India
10-06-2025
- General
- Time of India
A late night existential crisis or just acidity?
Ravi Singh is an Indian Revenue Service (IRS) officer who takes a keen interest in technology and philosophy. Before joining the civil services, he has worked in consulting roles with EY and KPMG. He is also a TED speaker and a sports enthusiast. (Views expressed on the blog are personal). LESS ... MORE At 2 AM, it's hard to say what's hitting harder, life or the spicy chhole you had for dinner. As I lay tossing and turning on the bed last night, I began to introspect. Have I been living an authentic life? Have I been true to myself? Throughout my life, I have mostly done what was expected of me. Yet, a quiet voice inside me asked if I had traded small parts of my authentic self to gain all this. A sharp pain in my lower back pulled me back to the present. It was an old injury, returning once more. I carefully turned to my left to ease the discomfort. The bright LED display of the air conditioner made my eyes uncomfortable and added to my irritation and anxiety. I sighed in frustration. Another night felt ruined, and tomorrow's meeting now seemed uncertain. That thought only made me more anxious. Eventually, I found a somewhat comfortable position, free from pain. My mind drifted to my college days when I was uncertain, broke but filled with energy. Now, although I live a disciplined and productive life, I feel disconnected from that version of me. I easily get exhausted. Probably, this is the path to becoming a mature adult, along with the joint pains. Or probably not. Existential philosopher and Nobel laureate Albert Camus said, 'Nobody realizes that some people expend tremendous energy merely to be normal.' I wish I could do things that give me more energy and happiness. But it is easier said than done. It can be quite challenging to reinvigorate spontaneity in your late 30s. Maybe there is just a lot to lose. With that comes lower appetite for taking risks. Suddenly, a bulb lit in my mind. A voice, perhaps quiet for many years, said with clarity: life is too short to live only by what others expect of you. I do not want to be that old man sitting alone with a list of regrets. I only have half of my life left, that too if I am lucky. I decided that I must reclaim some of that old energy. First, I would finally go on that 7-day trek to the Himalayas, the one I have kept postponing for years. I would also spend more time writing, especially working on my second book. I would also play basketball more often. I decided to do more of what makes me feel alive. Just as I was having a profound inner moment, my stomach decided to join the conversation. I realised that if you stay awake late at night, your body begins to speak in strange and uncomfortable ways. I tried to ignore it, hoping it would settle on its own. What is the real purpose of life? I have always found this question difficult to answer. For many people, it confuses more than it helps. Do we really need an overarching fixed purpose when our beliefs and goals keep changing every few years if not every day? How can anyone commit to one clear aim when everything around and inside us is constantly shifting? In Hindu thought, life's purpose is often described as moksha, or freedom from the cycle of birth and death. But there is a strange irony here. The purpose of life lies outside life itself. In real life, it feels difficult to choose just one fixed aim and run towards it. Maybe purpose is not a final goal but a direction we move in. As Douglas Adams humorously wrote, 'I may not have gone where I intended to go, but I think I have ended up where I needed to be.' I believe the direction must come from within us, but only if we are willing to listen. And that requires honesty and an open heart. As I got deeper into this trail of thought, I saw how tricky these reflections are. They rarely give us direct answers or practical steps. That makes them hard to comprehend in a world where everything is measured by digestible bullet points. Yet, these questions return to us, again and again. As Jean-Paul Sartre once said, 'Everything has been figured out, except how to live.' Perhaps these sleepless nights are our mind's way of reminding us to pay attention. My stomach started growling. I gave up and got out of bed. With half-closed eyes, I looked at my phone. It was 3 AM. I walked to the kitchen, opened the cabinet and took out a sachet of ENO. As the fizz bubbled up in the glass, I stared at it like it was part of a strange ritual. I drank it quickly. A wave of calm passed through my body. Maybe it really was just acidity and not an existential crisis. I woke up late the next morning and rushed to the office. I felt dull and slow during the day. I reflected briefly on the thoughts from the night before, but quickly turned my attention to the meeting. I sipped a strong cup of black coffee. The meeting went fine, the coffee kicked in and I still don't know the purpose of life. But at least I know ENO works. Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
India Today
02-06-2025
- Business
- India Today
Reliance Power shares surge 8% today, 23% in last week. Should you buy?
Shares of Reliance Power rose nearly 8% on Monday to hit a new one-year high of Rs 62.80. This is the third day in a row that the stock has gone up. Over the past five trading sessions, the stock has gained 23%, showing strong buying share price has seen a steady climb over different time periods. In the last month, it has been up by 54.90%.Over the last six months, it has gone up by 59.92%. The stock has more than doubled in a year with a 141.40% rise. Over the last five years, the rise has been massive; 2,602.61%.WHY IS THE STOCK RISING?The recent gains in Reliance Power's share price come after some major business developments. One of the key triggers was a letter of award (LOA) received by its subsidiary, Reliance NU Energies, from SJVN Ltd, a public sector company. The LOA is for setting up a 350 MW solar power project with a 175 MW/700 MWh battery energy storage system. This project will be connected to the inter-state transmission system (ISTS).Earlier, Reliance Power also entered into a joint venture with Druk Holding and Investments (DHI) of Bhutan. Together, they will build India's largest solar power project worth Rs 2,000 crore. The 500 MW project will be developed through a 50:50 partnership using the Build-Own-Operate (BOO) model. These moves are seen as a shift towards clean energy and have boosted investor EXPERTS WEIGH INSeveral analysts are positive on the stock's trend. Ravi Singh, Senior Vice President of Retail Research at Religare Broking, said the next price target is Rs 65, with a stop loss at Rs Krishan, Senior Analyst at Angel One, noted that Reliance Power has been on a rising trend for the fourth week in a row. He said the momentum may continue and advised using trailing stop losses to protect profits. He believes the Rs 54–52 range could act as a support S Patel, Technical Research Analyst at Anand Rathi, said the stock has support at Rs 60 and faces resistance at Rs 65. If it moves above Rs 65, it could rise to Rs 68. For now, he sees it trading in the Rs 58–68 INDICATORS AND FUNDAMENTALSThe stock is trading above all key moving averages — including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMA). This is usually seen as a positive 14-day Relative Strength Index (RSI) stands at 80.47. An RSI above 70 is considered overbought, which means the stock could see some correction or profit-booking in the short at the financial ratios, the stock has a high price-to-earnings (P/E) ratio of 386.88 and a price-to-book (P/B) ratio of 2.71. The earnings per share (EPS) is at Rs 0.16 and return on equity (RoE) is 0.71. These figures suggest that while the stock is in demand, the valuation remains quite high compared to to data from Trendlyne, the stock has a one-year beta of 1.3. A beta above 1 means the stock is more volatile than the of May 7, 2025, promoters held a 24.98% stake in Reliance Power, which is led by Anil The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Perth Now
27-05-2025
- Business
- Perth Now
High-end Perth steakhouse to take diners to another world
City steakhouse Meat & Wine Co. is temporarily closing for renovation. Part of the Seagrass Boutique Hospitality Group founded by South African-born meat lover Bradley Michel, the CBD diner which opened in the former Palace Hotel in 2018 will unveil a 'sophisticated redesign celebrating its African-inspired heritage' on June 2. 'In pursuit of an elevated and immersive dining experience for its discerning clientele, including Perth's esteemed steak aficionados, corporate professionals and Perth residents, The Palace's 'ballroom' (is) temporarily closed until June 2nd for an exciting and unique transformation,' the restaurant group said in a press release. The revitalised interior comes courtesy of the COOOP, an international architectural and design company. 'Patrons will dine under Acacia trees', a reference to the African landscape which takes centre stage in the new-look dining room. Other new furnishings include high-back banquette seating, as well as state-of-the-art sound and lighting systems. Meat & Wine Co. in the city back in 2018. Credit: Daniel Wilkins / The Sunday Times COOOP Australia principal and creative director Callie Van Der Merwe said the refurbishment aimed to connect the baroque style of the old ballroom with the contemporary elements of Meat & Wine Co. dining rooms. The ground floor restaurant at 108 St Georges Terrace will also relaunch with a winter menu starring dry-aged steak with confit garlic and bone marrow. The city steakhouse's refresh follows news of Seagrass' expansion in the WA hospitality market. The company has already acquired the South Perth site previously home to iconic local restaurant Coco's for its second Meat & Wine Co. outlet in WA, due to open in late 2025. There are also plans for a Meat & Wine Co. in Margaret River, as well as three new Hunter & Barrel outlets in the next few years. Perth meat lovers can expect more Meat & Wine Co. restaurants to open in the next few years. Credit: Supplied In 2024, the hospitality business split into SeagrassBHG and Blue Coral Concepts, which oversees more casual dining options Italian Street Kitchen, Ribs & Burgers and the Five Guys burger chain. The West Australian understands that Ribs & Burgers is also poised to refresh and relaunch its Perth restaurant. Seagrass also owns the high-end 6Head steakhouse at Elizabeth Quay. Seagrass chief executive Ravi Singh said in 2024 that the hospitality group was 'bullish about WA', saying there was room in Perth for 6Head, Meat & Wine Co. and Hunter & Barrel. 'All three brands have got a space in the market,' he said. 'Perth is a living example where we've got the three brands within 250m of each other and all three are roaring successes.' Seagrass Boutique Hospitality Group chief executive Ravi Singh. Credit: Supplied / TheWest According to figures provided by Seagrass, Hunter & Barrel's Perth restaurant enjoyed an impressive 21.1 per cent increase in revenue in July to November 2024 compared to the same period in 2023. The total number of patrons dining at the Raine Square diner rose by more than 9 per cent. Meanwhile, Meat & Wine Co. in Perth earned 4.5 per cent more income in the same timeframes with a 2 per cent lift in clientele.
