MISSILE PARTS IMPORTS
Defence Secretary stresses policy push for India’s indigenous air power technologies
Defence Secretary Rajesh Kumar Singh has underlined the need for a structured policy framework to strengthen India's domestic industrial base through a balanced synergy between public and private sectors.
Ahead of Zelenskyy meeting, Trump shows signs he might not be ready to send Kyiv Tomahawk missiles
President Trump is set to host Ukrainian President Zelenskyy amid stalled negotiations for long-range missile systems. Following a call with Russian President Putin, Trump signaled reluctance to sell the missiles, citing U.S. needs. Putin had warned such a sale would damage U.S.-Russia relations, while Zelenskyy sought the weapons to strike deep into Russian territory.
China's rare earth restrictions aim to beat US at its own game
China has responded to U.S. chip restrictions by imposing its own rules on critical mineral exports, a move that could grant Beijing significant leverage over global supply chains. Analysts suggest China may be playing the U.S. playbook more effectively, potentially threatening substantial parts of the U.S. economy and signaling a more delicate stage of mutual interdependence.
Ukrainian officials meet with US weapons manufacturers before Trump-Zelenskyy talks
In a pivotal meeting, Ukraine's government engaged with leading American defense contractors, expressing a strong desire for cutting-edge military technology such as cruise missiles and sophisticated air defense systems. The dialogue also explored potential US investment in Ukraine’s rich mineral resources.
Operation Sindoor becomes a sharp sales pitch for India
Operation Sindoor showcased India's indigenous defense might, proving the effectiveness of its domestically developed weapons in real-time combat. This successful demonstration has attracted international interest, notably from France, in acquiring Indian long-range systems and counter-drone capabilities, bolstering India's ambition to become a significant defense exporter.
India scraps tax exemption on imports of missile parts amid Adani probe
India has reversed a policy that allowed tax-free imports of missile parts. This change comes after a government notification in September that exempted all such parts. An October correction removed 'missiles' from the exemption, reinstating older rules. This reversal impacts defence companies, including Gautam Adani's group, which is under investigation for tax evasion on missile part imports.
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What are Rare earths? The hidden minerals behind latest economic battle between Trump and China
Rare Earth minerals explained: China has tightened its grip on rare earth exports. This move escalates the trade war with the United States. President Trump is now considering economic countermeasures. He may also cancel a planned meeting with President Xi Jinping. Rare earths are vital for modern technology and defense. China dominates global supply and processing of these critical minerals.
IMF meetings begin under fresh cloud of US-China trade tensions
The IMF and World Bank's semi-annual gathering commenced amidst renewed trade tensions between the US and China. While initial market reactions were negative, a de-escalation in rhetoric offered some relief. Global growth is expected to slow slightly, with a focus on job creation and support for Ukraine's reconstruction.
Cars to fighter jets: China's new export curbs may level a heavy blow worldwide
China has implemented sweeping export restrictions on critical components like electric motors and computer chips, effective November 8 and December 1. These new regulations, extending beyond rare earth metals, aim to control global commerce and have triggered a trade dispute with the US and Europe, impacting industries from automotive to defense.
US doubles down on China with additional 100% tariff, effective November 1, 2025 or earlier
America will impose a 100 percent tariff on all Chinese goods. Export controls on critical software will also be implemented. These measures take effect November 1, 2025. President Trump stated this is a response to China's aggressive trade actions. China recently expanded export restrictions on rare earth elements. This move escalates trade tensions between the two nations.
China denies key technology exports to Russia, production of missile and engine components affected
China is reportedly restricting exports of crucial precision machine tools to Russia. This move could hinder Russia's ability to manufacture advanced missile and engine components. Chinese customs data shows a significant drop in trade with Russia. This commercial shift appears to be a strategic adjustment by Beijing. The long-term impact on Russia's military output remains unclear.
School Assembly News Headlines for October 10: Top national, international, sports and business update
India and the UK finalized a $468 million missile deal, while Tejashwi Yadav promised government jobs for all households ahead of Bihar polls. Afghanistan's Taliban foreign minister visited India to build ties. In international news, László Krasznahorkai won the Nobel Prize in Literature, and a ceasefire was announced in Gaza.
Top-secret US spy jet RC-135U spotted near Russia — sparks alarm over rising World War 3 fears
US spy jet RC-135U spotted near Kaliningrad. The U.S. Air Force plane monitored Russian military activity for several hours. This surveillance comes amid growing tensions between NATO and Russia. Recent Russian drone incursions disrupted air travel across Europe, including a major incident at Munich Airport. Analysts warn that these developments are fueling fears of a potential escalation toward World War 3.
India probes Adani Defence for tax evasion on missile parts imports, sources say
Indian authorities are investigating Adani Defence, a unit of Adani Enterprises, for allegedly evading $9 million in import taxes on components for short-range missiles. The Directorate of Revenue Intelligence began probing in March, citing misclassification of parts to claim duty exemptions. Adani says it has provided clarifications and considers the matter closed.
Netanyahu apologizes to Qatar for strike targeting Hamas as he meets with Trump
Israeli PM Benjamin Netanyahu apologized to Qatari PM Sheikh Mohammed bin Abdulrahman al-Thani for Israel’s recent attack in Doha during a phone call from the White House, while meeting US President Donald Trump. A Qatari technical team is also present at the White House for the discussions.
A NATO ally runs on 80% Russian oil while Trump targets India
Hungary, a NATO member, significantly relies on Russian oil, sourcing over 80% of its crude from Moscow, a move that has drawn criticism from Brussels and Washington. Despite EU efforts to phase out Russian fossil fuels, Hungary maintains its dependence, citing Soviet-era infrastructure and energy security concerns.
'Snapback': What sanctions will be reimposed on Iran?
A raft of UN sanctions on Iran over its nuclear program, lifted under a landmark 2015 deal, will go back into force at the end of Saturday -- barring a diplomatic breakthrough, thought to be unlikely. Western nations fear that Iran will acquire nuclear weapons, which Tehran vehemently denies while defending its right to develop a nuclear program for civilian purposes.
Tejas deal takes off, but imports stay key
The Defence Ministry's Tejas deal with Hindustan Aeronautics Limited aims to boost local arms production. Two-thirds of the fighter jets will be indigenous. This promotes strategic autonomy amid global supply chain issues. Local defence procurement fosters economic growth and technological advancement. India balances domestic capability with evolving warfare technology.
Iran has likely carried out an undeclared missile test, satellite photos analyzed by the AP show
Satellite images suggest Iran conducted a missile test at its Imam Khomeini Spaceport, evidenced by scorch marks on the launch pad. An Iranian lawmaker claimed the test involved an intercontinental ballistic missile, though this remains unconfirmed. The launch raises concerns about Iran's missile development amid tensions and potential renewed UN sanctions, possibly signaling a continued commitment to its missile program.
'Not in response to any ongoing world events': US Navy reveals its Ohio-class nuclear submarine launched 4 Trident II D5 missiles
The US Navy successfully test-fired four Trident II D5 missiles from an Ohio-class submarine in the Atlantic Ocean. This exercise demonstrated the reliability of America's sea-based nuclear deterrent. The missile launch was visible from Puerto Rico. These tests were not in response to any specific global events. Russia and China are modernizing their military capabilities.
Trident II D5 submarine-launched nuclear ballistic missile test fired in the Atlantic; but who pulled the trigger - US or UK?
Only two navies - the US and the UK, have the UGM-133 Trident II D5 Submarine-Launched Ballistic Missile in their arsenal. While US Navy's Ohio-class submarines carry the Trident, UK Royal Navy's Vanguard-class boats have the same nuclear missile in their arsenal. But none of the two navies have till now issued any statement on the test firing.
12 minutes that rattled Estonia - what exactly happened? Key points to know
Estonia faced a sharp test of its sovereignty on September 19, 2025, when three Russian MiG-31 fighter jets crossed into its airspace near the Gulf of Finland and stayed for 12 minutes. This incursion—unannounced, uncommunicated, and without flight plans—was quickly condemned by Estonia as an unprecedentedly bold breach. NATO labeled the incident as a "dangerous provocation" and an example of "reckless Russian behavior." Ukraine and Estonia were once part of the Soviet Union, but their paths diverged after 1991—Ukraine leaning West more slowly while Estonia swiftly joined NATO and the EU.
Trump wants Bagram back. It's not just about China
Donald Trump's declaration to reclaim Bagram Air Base in Afghanistan has ignited strategic debates, citing its proximity to Chinese missile facilities. While the Taliban rebuffs military re-entry, potential economic cooperation is hinted. Despite feasibility concerns and logistical challenges, Trump's motives extend beyond China, encompassing counterterrorism, rare earth minerals, and a return to global influence.
Trump’s big strategic move to counter China: US working to reclaim Bagram Airbase from Taliban; big strategic play against China’s nuclear sites and Belt and Road
During a joint news conference with UK Prime Minister Keir Starmer, Trump said the US is trying to reclaim the Bagram Air Base from the Taliban. Trump cited strategic importance, including its proximity to “where China makes its nuclear weapons.” He criticized the Biden administration’s 2021 withdrawal, calling it a “total disaster,” and said Bagram was given away “for nothing.”
China's defense minister renews threats to take over Taiwan
China's Defence Minister Dong Jun spoke at a security forum in Beijing. He threatened to take over Taiwan. Dong said Taiwan's restoration to China is part of the post-war order. China will not allow Taiwan independence. It is ready to thwart external interference. Dong also criticised external military interference. He stressed upholding the UN-centered international system.
For long-term investors: Focus on business, not sentiment. 7 large-cap stocks with an upside potential of up to 44%
Given the recent global and domestic developments, there is a greater probability that market sentiment will remain positive for the coming few weeks. Thursday saw the market following in the footsteps of the Dow Jones to celebrate – although somewhat mutedly – the US Fed’s rate cut. With the GST rate rationalisation set to be implemented on September 22 and positive signals emanating on the India-US trade deal front, there are more reasons for the bulls to get active. But, as investors, it would be prudent to be cautious even as you turn bullish.
Missiles, drone batteries among 18 defence imports exempted from customs duty
The Indian government has waived customs duties on 18 defence-related imports, including missiles, military aircraft, and artillery components, to bolster defence modernization. This exemption, coupled with the elimination of integrated goods and services tax (IGST), aims to reduce costs and support domestic defence capabilities.
Centre exempts duty on military aircraft, missiles, underwater vessels, drone batteries among 18 defence imports
The Centre has announced customs duty exemptions on 18 categories of defence-related imports, including flight simulators, military aircraft, and missiles. This waiver, effective September 22, 2025, aligns with the GST Council's broader tax overhaul, simplifying rates for various goods and services. The exemptions aim to modernize defence capabilities while the GST rejig seeks to ease household budgets.
Defence stocks: Buy, sell, hold? Answer lies in understanding business & diversification: 9 stocks, 5 with upside potential of over 32%
Ahead of the 2024 general elections, defence sector stocks were grabbing all the attention. They were also getting re-rated. Then came a phase where they underperformed. Operation Sindoor brought them back into the limelight. In the last few days, defence stocks are again moving higher. Why is it happening? And should you focus on one stock, or look at a broader spectrum of defence stocks? Before you take any decision, it is important to understand the nuances of each company because that will determine whether you make money from these stocks or not.
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