BEL.NSE

Bharat Electronics Ltd.

Defence companies such as Bharat Electronics (BEL), Bharat Dynamics (BDL), and Hindustan Aeronautics (HAL) stand to benefit from potential joint ventures and technology partnerships between India and Israel, analysts said.

Mumbai: Equity benchmark indices Sensex and Nifty tumbled more than 1 per cent Tuesday, dragged down by heavy losses in IT stocks amid concerns over artificial intelligence-led disruption and renewed trade-related uncertainties. Rising global crude prices amid escalating US-Iran tensions and sluggish global cues also hit investor sentiment, traders said. The 30-share BSE Sensex plummeted 1,068.74 points, or 1.28 per cent, to settle at 82,225.92. During the day, the benchmark plunged 1,359.93 points, or 1.63 per cent, to hit an intraday low of 81,934.73. The 50-share NSE Nifty fell 288.35 points, or 1.12 per cent, to close at 25,424.65. In the intraday session, it depreciated by 385.4 points, or 1.49 per cent, to hit a low of 25,327.60. “Domestic markets registered a sharp decline, led by significant weakness in IT stocks amid renewed global concerns over AI-driven disruption and margin pressures for traditional service providers,” Vinod Nair, Head of Research, Geojit Investments Ltd, said.

Bengaluru (Karnataka) [India], February 21: Bharat Electronics Limited (BEL) and SASMOS today announced the signing of a Memorandum of Understanding (MoU) to collaborate on advanced defence technologies. The MoU was exchanged by Shri Manoj Jain, Chairman & Managing Director of BEL, and Shri H.G. Chandrashekar, Chairman & Managing Director of SASMOS, in the gracious presence of Hon'ble Defence Minister Shri Rajnath Singh and Secretary Defence Production Shri Sanjeev Kumar, IAS.

MUMBAI, India — France and India celebrated their ties as a force for global stability, as French President Emmanuel Macron kicked off a three-day visit focused on technology and defense cooperation on Tuesday. A potential multibillion-dollar fighter jet deal is also on the table, with officials traveling with Macron expressing confidence that a contract for 114 Rafales can be finalized. Speaking to reporters after his meeting with Macron in the western city of Mumbai, India’s Prime Minister Narendra Modi said that “in today’s turbulent world, this is a partnership for global stability.” Macron said the “remarkable acceleration” of ties with India came in response to the “changing international order.” Both leaders earlier referred to each other as their “dear friend” in posts on social media. Macron is on his fourth visit to India since taking office in 2017, accompanied by his wife Brigitte. He began his trip in India’s financial capital, honoring the victims of the 2008 Mumbai attacks and meeting Bollywood film stars before sitting down with Modi.