Hindustan Aeronautics Limited shares are soaring. This follows a major contract from the Defence Ministry for 97 Light Combat Aircraft Mk1A. Analysts predict further stock gains. The deal is worth over Rs 62,370 crore. Deliveries are expected to start in FY28. The aircraft will have over 64% indigenous content. This project will boost India’s domestic aerospace sector and create jobs.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.