Business
Defence stocks surge over Rs 86,000 crore in market value since Pahalgam attack

Mumbai, May 14: The Indian defence sector has witnessed a sharp rise in its market capitalisation, gaining an impressive Rs 86,211 crore since the Pahalgam terror attack, which claimed 26 lives.
The bull rally began after the Indian armed forces launched ‘Operation Sindoor,’ a major precision strike on terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir (PoK).
This operation, India’s largest tri-service action since the 1971 war, significantly boosted the confidence in defence stocks. Despite the heightened geopolitical tensions, shares of defence companies surged.
As a result, the Nifty India Defence Index, which tracks the performance of leading defence stocks, has gained 9.39 per cent since the start of the military action, a remarkable contrast to the 1.98 per cent increase in the benchmark Nifty during the same period.
Paras Defence and Space Technologies Limited led the rally, with its share price rising nearly 40 per cent since April 22. Garden Reach Shipbuilders and Engineers Limited followed closely, seeing a gain of more than 28 per cent, as per market data.
Mishra Dhatu Nigam Limited and Bharat Dynamics also posted strong performances, each rising over 26 per cent. Other notable performers include Data Patterns India and DCX Systems, both of which saw returns of over 20 per cent.
The surge in the sector has also been reflected in the market capitalisation contributions of major players. Bharat Electronics Ltd (BEL) has added Rs 23,683 crore to the sector’s market value, while Hindustan Aeronautics Ltd (HAL) and Bharat Dynamics have contributed Rs 21,654 crore and Rs 12,345 crore, respectively.
Other companies, such as Mazagon Dock Shipbuilders and Solar Industries, have also played a significant role in the overall market cap gain, contributing Rs 9,971 crore and Rs 6,859 crore, respectively.
Meanwhile, the domestic defence sector remained a standout performer on Wednesday, attracting consistent interest from investors even as broader markets faced some intra-day volatility.
Business
India added one new airport every 40 days in last 10 years: Civil Aviation Minister

New Delhi, July 5: In just 10 years, the country have seen 88 new airports — nearly one new airport every 40 days — and added 60 additional flights every hour, Civil Aviation Minister Ram Mohan Naidu has said.
According to the minister, flying in India today is more accessible, more available and more affordable.
“Under the leadership of Prime Minister Narendra Modi, Indian skies are more connected, competitive and collaborative, said Naidu, reiterating the ministry’s commitment to collaborative, state-specific strategies for achieving inclusive aviation growth.
He was speaking at the ‘Northern Region Ministers’ Conference on Civil Aviation 2025’ in Dehradun, organised by the Ministry of Civil Aviation
“Through this strategic initiative we aim to identify the regional opportunities and unlock the vast potential of Tier 2 and 3 cities. If we look at the sector through numbers, then we can clearly see the scale of the opportunity that exists,” Naidu told the gathering.
At the event, Uttarakhand Chief Minister Pushkar Singh Dhami underlined the pivotal role of aviation in enhancing regional connectivity, enabling tourism, and supporting socio-economic development in the state.
He appreciated the phenomenal growth in the aviation sector and highlighted the prime importance of ensuring safety in the aviation operations, including helicopter operations in the hilly terrain of the state for which “the state government and the Ministry are deeply committed”.
A series of presentations was made by the Ministry on opportunities for the states in the aviation sector.
The plenary session provided an overall outlook emerging from the day-long conference, where Naidu outlined the Ministry’s strategic priorities for the region, including the development of heliport infrastructure, expansion of UDAN routes, strengthening of Flying Training Organizations and MRO hubs, and creating synergies between the Centre, states and industry stakeholders.
The Minister also reflected on key outcomes from the one-on-one meetings held between the Ministry and state delegations, and parallel sessions between state governments and aviation industry leaders, and assured all support from the Central Government in taking the aviation sector forward.
National
Thackeray brothers to address joint victory rally today to celebrate Maha govt’s turnaround on Hindi from Grade 1

Mumbai, July 5: Uddhav Thackeray and Raj Thackeray will on Saturday participate in a joint victory rally organised by the Shiv Sena (UBT) and Maharashtra Navnirman Sena (MNS), in Worli Dome to celebrate the MahaYuti government’s decision to withdraw two government resolutions on the introduction of Hindi from Classes 1 to 5.
It will be the first joint rally of the Thackeray cousin brothers Uddhav and Raj, after the split in the Shiv Sena in 2005.
Amid talks of coming together ahead of the upcoming BrihanMumbai Municipal Corporation (BMC) elections slated to be held within the next six months, Uddhav and Raj have decided to jointly rake up the issues of Marathi language and ‘Marathi Manoos’ in a serious bid to corner the BJP-led MahaYuti government in Maharashtra.
Both the parties have decided not to display party flags and banners but the Shiv Sainiks and ManSainiks have worked hard to put up a major show of strength on Saturday.
Uddhav and Raj Thackeray will be seen on the same platform as they will reach the joint rally venue at 11.30 A.M.
Before they speak, the Communist leader Prakash Reddy, the Peasants and Workers Party of India leader Jayant Patil and NCP (SP) leader and party MP Supriya Sule will address the rally.
Incidentally, NCP (SP) chief Sharad Pawar has conveyed his inability to be part of the joint rally due to prior engagements but said his party is against the imposition of Hindi in Maharashtra.
The senior Pawar chose to stay away so that the focus will remain on both the Thackeray brothers.
The Congress has decided not to join the rally especially due to differences with Raj Thackeray’s protests against Hindi speaking people, especially North Indians.
Shiv Sena (UBT) and MNS sources said that if the Congress decides to join at the last moment the party representative will be given an opportunity to address the joint rally.
Big screens have been installed inside and outside the joint rally venue as the organisers expect a big turnout.
Both the Thackeray cousins have said that the issue of imposition of Hindi is not yet over as the government’s move to appoint the Narendra Jadhav committee is meaningless and they will continue to oppose the introduction of Hindi.
National
NDA to contest Bihar polls under Nitish Kumar’s leadership: Jitan Ram Manjhi

Mumbai, July 4: Union Minister and Hindustani Awam Morcha (HAM) leader Jitan Ram Manjhi on Friday confirmed that the National Democratic Alliance (NDA) will contest the upcoming Bihar Assembly elections under the leadership of Chief Minister and Janata Dal-United leader Nitish Kumar.
“All the leaders of the NDA have agreed that with five parties in the alliance, including ours, the Bihar elections scheduled for November 2025 will be fought under the leadership of Nitish Kumar. Traditionally, the leader under whom the elections are contested becomes the Chief Minister. So naturally, Nitish Kumar will be our face for the CM post. There is no doubt – we are confident of winning under his leadership,” Manjhi said.
Asked whether he harbours any desire to become Chief Minister again, the 79-year-old leader ruled out the possibility due to his age and current responsibilities.
“As far as age is concerned, I had earlier decided not to be active in electoral politics beyond 75. Still, due to certain circumstances, I contested in 2015 and again in 2020. But now, I am not in a position to contest elections,” he added.
Manjhi said that he “doesn’t consider myself eligible for the Chief Ministerial post”.
“PM (Narendra) Modi has entrusted me with ministerial responsibilities, and I am fully committed to fulfilling them. Even at this age, I am not sitting idle—I’m working hard to strengthen my department. As for the Chief Minister’s post, I do not consider myself eligible anymore. I won’t be able to dedicate the time and energy required, so I have no such ambition,” he said.
He further reaffirmed his party’s unwavering commitment to the NDA, highlighting its contribution and influence within the alliance.
“Hindustani Awam Morcha has four MLAs, one MLC, a minister, and a Lok Sabha member. We have always stood firmly with the NDA and continue to do so. In Bihar, the focus is on development, and under Nitish Kumar’s leadership, the state has seen notable progress in electricity supply, law and order, and education. At the national level, PM Modi has emerged as a towering figure who has transformed India’s image both at home and abroad,” he said.
Manjhi emphasised the power of the “double-engine government” and its appeal to voters across Bihar.
“People here believe that a government led by both Nitish Kumar and PM Modi is best for the state’s future. Every child in Bihar is now thinking that it’s time to support the NDA again. We are united and ready to move forward,” he said.
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