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The Union Budget 2026 is just around the corner, and it could be an important one for India’s defence sector. As the Indian markets gear up for higher earnings momentum heading into the last leg of FY26, several domestic defence players are relying on increased defence spending, especially after the Defence Secretary indicated a potential…
SBI Cards and Payment Services continues to face earnings pressure despite improving asset quality trends, prompting Morgan Stanley to cut its price target and lower earnings estimates. In a post-results note, Morgan Stanley reduced its price target on SBI Cards to Rs 665 from Rs 700, implying a 15% downside from current levels, while maintaining…
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From the historic high of landing on the moon to the recent sobering reality of failed launches and near-misses that have triggered internal reviews, the last five years have been a period of strategic volatility for the Department of Space (DoS). What began as a celebrated era of ‘unlocking’ the sector, marked by the Indian…
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