DSIJ Mindshare

Premier Explosives (PEL) and the French defence company Nexter have decided to tie-up for manufacturing Bi-Modular Charge Systems (BMCS) in order to respond to the needs of the Indian Ministry of Defense.

The shares of Reliance Industries surged by 0.7 per cent on Friday. The movement can be attributed to the acquisition of Artificial Intelligence (AI) based education platform Embibe.

Agriculture-related stocks witnessed a sharp rally on the bourses in Friday’s trade on the back of expectations that the sector will reap benefits from the government’s initiative to boost rural income.

telecom sector took some breather at lower levels. Hopes for a favourable policy decisions in the upcoming New Telecom Policy 2018 may help the sector bounce back. Bharti Infratel gave a prolonged consolidation breakout and also a downward sloping multiple point trendline breakout at 346.50 levels.

Ashok Leyland has bagged a critical order from the Ministry of Defence (MoD) for supplying High Mobility 10x10 vehicles i.e. HMV 10x10. The Indian Army plans to deploy these vehicles since a long time to carry Smerch Rockets.