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India eases approval process for foreign direct investment in space sector

BENGALURU (Reuters) -India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market. India's space ambitions got a boost when it became the first country to land a spacecraft near the unexplored south pole of the moon in August - and the fourth to achieve a soft landing - just days after a similar Russian mission failed. The government said in a statement late on Wednesday that foreign companies could invest in the manufacture of components and systems or sub-systems for satellites up to 100% without approval. ....

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Space Stocks Surge 7% After Government's 100% FDI Approval

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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Apollo Micro Systems sets up Integrated Plant for Ingenious Defence Systems in Telangana

Apollo Micro Systems sets up Integrated Plant for Ingenious Defence Systems in Telangana
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Warning signs flash for over 100 smallcap multibaggers. Is it a bubble waiting to burst?

The Nifty SmallCap 100 is trading at a high P/B value of 6.7, and at least 128 smallcap multibaggers are trading above their 5-year average PE level. Companies in sectors like chemicals, consumer durables, energy, IT, and BFSI are overheated. The recent Q3 earnings season has added to concerns about expensive valuations for PSU railways, defence, and power stocks. ....

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Bulk deals: Government of Singapore buys Rs 578 cr worth of stake in Data Patterns

Other buyers in Data Patterns were Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund ....

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