Particle.news

Download on the App Store

India Approves Rs 1.05 Lakh Crore Indigenous Defence Procurement; Q1 Corporate Data Fuels Market Optimism

Robust metal output at Vedanta coupled with double-digit bank growth is driving investor confidence after the defence procurement approval

Image

Overview

  • Defence Ministry sanctions Rs 1.05 lakh crore in 100% indigenous capital acquisitions, spotlighting Bharat Electronics, Bharat Forge, BEML and Bharat Dynamics
  • Vedanta reports a 1% year-on-year rise in aluminium production to 600,000 tonnes alongside a 50% jump in Zinc International output and record zinc volumes at Zinc India
  • Financial sector leaders post strong Q1FY26 results, with Bajaj Finance’s deposits up 15% and assets under management rising 25%, while Bank of Baroda’s global business expands 10.7%
  • Private equity firms are offloading stakes via block deals and Reliance Retail secures a minority investment in UK skincare brand FaceGym to broaden its growth avenues
  • Electricity trading volumes at Indian Energy Exchange climb 6.5% in June to 10,852 million units and rise 15% for the April–June quarter