Dilip Buildcon Joint Venture Secures BSNL Bharat Net Contract Worth ₹2,631.14 Crore

DBL-STL Consortium has been awarded an Advance Work Order (AWO) by Bharat Sanchar Nigam Limited (BSNL) for the Bharat Net Phase-III project. This initiative aims to enhance broadband connectivity across Jammu & Kashmir and Ladakh, contributing to India’s digital infrastructure.

Project Overview and Scope

The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of a middle-mile network. Under the Design-Build-Operate-Maintain (DBOM) model, the consortium will facilitate both middle-mile and last-mile connectivity. The contract, valued at ₹2,631.14 crore, covers capital expenditure (CAPEX), operational expenditure (OPEX), and GST. Dilip Buildcon Limited (DBL) will execute 70.23% of the project.

Contract Terms and Execution Timeline

Awarded by a domestic entity, the contract spans 3 years for construction, followed by ten years of maintenance. The project does not involve any related party transactions, ensuring transparency. 

BSNL’s initiative is backed by the Universal Service Obligation Fund (USOF), aimed at bridging the digital divide in remote regions.

Dilip Buildcon Share Performance 

As of March 27, 2025, at 2:40 PM, the shares of Dilip Buildcon Ltd are trading at ₹472.50 per share, reflecting a rise of 4% from the previous day’s closing price. Over the past month, the stock has surged by 14.84%.

Conclusion

This contract underscores DBL-STL Consortium’s role in strengthening India’s digital infrastructure. By expanding connectivity in critical regions, the project aligns with the national objective of enhanced broadband accessibility.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Are Inherited Mutual Funds Tax-Free or Not?

Mutual funds have grown into one of the most favoured investment avenues in India due to their relatively low entry barrier, diversification benefits, and long-term wealth creation potential. 

But while most investors understand the taxation of mutual funds during their lifetime, fewer are aware of how these funds are treated when inherited. If you’ve recently inherited mutual funds—or are planning your estate—it’s important to grasp the nuances of taxation related to such transfers.

No Tax on Inheritance Itself

As of today, India does not levy an inheritance tax or estate duty. This stems from the abolition of the Estate Duty Act back in 1985. As a result, when a person inherits mutual fund units—whether they be equity, debt, or hybrid—there is no tax levied at the point of transfer. These units are passed on either to the nominee or legal heir seamlessly, without any immediate tax implications.

However, the story changes when the heir decides to redeem or sell these inherited units. That’s when taxation comes into the picture.

Cost of Acquisition and Holding Period

The 2 most critical elements that influence taxation upon selling inherited mutual funds are the cost of acquisition and the holding period.

  • Cost of Acquisition: As per Section 49(1) of the Income Tax Act, the cost of acquisition is considered to be the amount originally paid by the deceased investor. 
  • Holding Period: The duration of holding is also inherited. The period starts from the date the deceased acquired the mutual fund units, not from the date they were inherited. This provision can work favourably for the heir, especially if the original investment was made long ago, potentially qualifying the gains as long-term.

Taxation on Redemption of Inherited Mutual Funds

When the legal heir or nominee redeems the mutual fund units, capital gains tax applies. The rate and structure of tax depend largely on the type of mutual fund and the original holding period.

Equity Mutual Funds

  • Short-Term Capital Gains (STCG): If the inherited units are sold within 12 months from the original date of purchase, the gains are taxed at 20% plus applicable surcharge and cess under Section 111A.
  • Long-Term Capital Gains (LTCG): If held for over 12 months, the gains qualify as long-term. LTCG up to ₹1.25 lakh per financial year is tax-exempt. Gains beyond that are taxed at 12.50% (plus surcharge and cess), with no indexation benefit, as per Section 112A.

Debt Mutual Funds

The taxation on debt mutual funds depends on whether they were purchased before or after 1 April 2023.

  • For investments made after 1 April 2023: All capital gains, regardless of the holding period, are taxed at the investor’s applicable income tax slab rate. This rule also applies to inherited debt mutual funds.
  • For investments made before 1 April 2023: If the deceased held the debt fund units for more than two years, and the heir continues to hold them beyond that period, the gains qualify for long-term capital gains. LTCG from such funds is taxed at 12.50% plus applicable surcharge and cess. 

Tax Implications for Nominees and Legal Heirs

  • Nominee vs Legal Heir: While a nominee is the first point of transfer, they essentially act as a trustee until the rightful legal heir is determined. Regardless of whether the units are first passed on to a nominee or directly to the heir, the tax treatment remains consistent.
  • Joint Holders: If mutual funds are held jointly with the right of survivorship, the surviving holder becomes the sole owner upon the other’s death. The cost and holding period continue unchanged.

Exemptions and Deductions

  • Equity LTCG Exemption: The ₹1.25 lakh annual exemption on LTCG from equity mutual funds is available to the heir, provided the gains meet long-term conditions.
  • No Special Deductions: There are no specific deductions under Section 80C or other provisions for inherited mutual funds unless the proceeds are reinvested in eligible schemes.

A Practical Illustration

To bring this to life, let’s consider an example cited by Shinghal:

Mr A purchased 10,000 units of an equity mutual fund in January 2020 at ₹100 per unit, amounting to a total investment of ₹10 lakh. Upon his demise in January 2025, his daughter, Ms B, inherited the units, which were worth ₹200 per unit at the time (total value: ₹20 lakh). Ms B sold them in June 2025 at ₹250 per unit (total proceeds: ₹25 lakh).

  • Original Cost: ₹10 lakh
  • Holding Period: January 2020 to June 2025 (more than 12 months) – LTCG applicable
  • Capital Gains: ₹25 lakh – ₹10 lakh = ₹15 lakh
  • Exempted Gains: ₹1.25 lakh
  • Taxable Amount: ₹13.75 lakh
  • Tax Payable: 12.50% of ₹13.75 lakh = ₹1,71,875 (excluding surcharge and cess)

Conclusion

Understanding these provisions helps ensure that beneficiaries of mutual funds navigate the tax implications correctly. Still, given the complexities and potential changes in tax regulations, seeking professional advice is always advisable in such matters.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Coforge Expands Microsoft Partnership to Elevate Developer Productivity Through AI Integration

Global digital services provider Coforge Limited announced the expansion of its collaboration with Microsoft. This initiative aims to significantly enhance developer productivity through AI-integrated solutions, particularly leveraging GitHub Copilot.

Coforge has already trained over 10,000 developers on GitHub Copilot, enabling them to modernise legacy applications and efficiently create new code. The move is part of Coforge’s broader AI-first approach to software development and enterprise transformation.

The share price of Coforge was up by 1.29% as of 2:29 PM on March 27, 2025. 

GitHub Copilot: Driving Efficiency at Scale

By embracing GitHub Copilot, Coforge aims to tackle the growing challenges developers face while working with complex legacy systems. GitHub Copilot helps by automating code suggestions, reducing manual workload, and boosting efficiency in code development.

This training equips Coforge’s developers with the tools needed to streamline workflows and deliver intelligent applications at a faster pace. In some cases, the company has reported up to 30% gains in productivity, particularly in tasks involving fresh code generation.

Specialisation with Microsoft Azure

Coforge has achieved the Accelerate Developer Productivity with Microsoft Azure specialisation, formerly known as the DevOps with GitHub Advanced Specialisation. This certification underscores the company’s capabilities in enhancing developer performance using Microsoft’s AI-driven toolchain.

This specialisation is only awarded to partners that meet stringent criteria, such as demonstrating significant Azure consumption, a proven delivery track record, and active participation in Microsoft’s Digital & App Innovation programmes.

Endorsement from Microsoft and GitHub

Matt Finkelstein, Vice President of Global Microsoft and Partner Solution Sales at GitHub, congratulated Coforge on this achievement. He highlighted how this recognition enables Coforge to help clients accelerate business outcomes through improved developer efficiency.

The certification also enhances Coforge’s visibility and credibility in the developer ecosystem, reflecting the company’s dedication to maintaining the highest service standards.

Enabling a New Developer Experience

Vic Gupta, Executive Vice President and Head of Microsoft Business at Coforge, commented on the company’s focus on adopting AI-enabled tools to maximise output.

He noted, “Training and certification of 10,000+ workforce on GitHub Copilot, who are ready to work on legacy modernisation and accelerate new application development across industries, is a step ahead in this journey.”

This enhanced capability positions Coforge to support enterprises in their digital transformation by bridging gaps between outdated systems and modern software needs.

About Coforge

Coforge is a global IT services and solutions firm, known for leveraging AI, cloud, data, and automation to deliver meaningful outcomes for clients. With a presence in 23 countries and 30 delivery centres worldwide, the company focuses on select industries and deep domain expertise to drive innovation and growth.

Conclusion 

Coforge’s strengthened collaboration with Microsoft is a strategic move aimed at significantly enhancing developer productivity through advanced cloud and AI tools. This partnership not only reinforces Coforge’s position in the digital transformation space but also signals strong future growth prospects. The market has responded positively, as reflected in the uptick in the company’s share price.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks; read all the related documents carefully before investing.

Zen Technologies Share Surge on Receiving ₹152 Crore Order from Ministry of Defence

Zen Technologies Limited, today, on March 27, 2025, informed the stock exchanges that it has received an order from the Ministry of Defence, Government of India. The order is valued at approximately ₹152 crore, inclusive of taxes. It involves the supply of the company’s Integrated Air Defence Combat Simulator (IADCS) for the L70 anti-aircraft gun.

As of 2:25 PM on March 27, Zen Technologies Limited share price was trading at ₹1,437.20, down ₹5.65 (0.39%) for the day, but still up 29.49% over the past month and down 15.91% over the past six months.

Scope of Work

The contract is domestic in nature and covers the delivery of simulation systems that aid in air defence combat training. These simulators are used to provide virtual training environments, reducing the need for live firing exercises and helping improve operational readiness.

The company stated that the order is to be executed within a period of 18 months. No further specifics about the delivery schedule or production have been disclosed.

Regulatory Disclosures

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An annexure attached to the filing confirmed that there is no related party interest in the awarding entity, and the promoter group has no connection to the order.

As of the filing, there has been no analyst commentary or market reaction publicly available regarding the impact of this order on the company’s financials.

Other Details

  • Awarding Entity: Ministry of Defence, Government of India
  • Order Value: Approx. ₹152 crore (inclusive of taxes)
  • Product: Integrated Air Defence Combat Simulator for L70 Gun
  • Contract Type: Domestic
  • Execution Period: 18 months
  • Promoter Interest: None
  • Related Party Transaction: No

Conclusion

The order has been disclosed as per regulatory norms. No further details about the project or its strategic importance have been provided by the company at this time.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Invesco and DSP Mutual Funds Roll Out Income Distributions Under IDCW Option

Two major asset management companies – Invesco Mutual Fund and DSP Mutual Fund have announced income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for select schemes, with the record date fixed for March 28, 2025.

Invesco Mutual Fund

Invesco Mutual Fund declared income distribution for two of its prominent schemes:

Scheme Name IDCW Distribution (₹/unit)
Invesco India Balanced Advantage Direct-IDCW ₹0.2
Invesco India Balanced Advantage-IDCW ₹0.2
Invesco India PSU Equity Direct-IDCW ₹3.9
Invesco India PSU Equity-IDCW ₹3.9

The PSU Equity scheme’s payout of ₹3.90 per unit stands out, almost 20 times higher than the Balanced Advantage scheme’s ₹0.20, making it a significant distribution for investors in this category. These payouts are applicable across both regular and direct plans.

DSP Mutual Fund

Meanwhile, DSP Mutual Fund has announced an income distribution of ₹0.20 per unit for its DSP Aggressive Hybrid Fund, across both regular and direct plans under the IDCW option. This hybrid scheme, known for blending equity with fixed-income exposure, continues its trend of consistent payouts.

The declared distribution aligns with that of Invesco’s Balanced Advantage Fund, although with a more conservative portfolio strategy.

What Investors Should Know

The record date for all schemes is March 28, 2025, which means investors must hold units by this date to be eligible for the declared IDCW. Distributions are typically paid within a few working days following the record date.

Conclusion

While both fund houses are offering modest payouts under their balanced or hybrid categories, Invesco’s PSU Equity Fund has taken the spotlight with a notably higher distribution. These announcements may offer some timely returns for investors.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Zomato Backed Fitness Firm Cult.Fit Selects Bankers for ₹2,500 Crore IPO

As per news reports, Fitness and wellness platform Cult.fit, backed by Zomato, has selected a group of investment banks to manage its upcoming Initial Public Offering (IPO), as per recent reports. The company is looking to raise up to ₹2,500 crore through the issue, which is expected to value it at nearly $2 billion.

The appointed book-running lead managers include Axis Capital, Jefferies, Goldman Sachs, Morgan Stanley, and JM Financial.

Background and Ownership

Cult.fit was founded by Mukesh Bansal and Ankit Nagori. In November 2021, Zomato acquired a 6.4% stake in the company for $100 million, valuing it at $1.56 billion at the time. Other notable investors include Accel Partners, which holds a 17.25% stake following a recent funding round. 

Additional stakeholders include Tata Digital, Temasek, Kalaari Capital, and Chiratae Ventures.

Revenue and Operations

For the financial year 2024, Cult.fit reported a topline of approximately ₹1,000 crore. The company currently operates over 500 gyms across Indian cities. However, its business spans more than just fitness centres.

Here’s a breakdown of the company’s revenue sources:

Business Segment Contribution to Revenue
Cultsport 30%
Eat.fit 24.5%
Mind.fit Small portion
Care.fit Less than 5%
  • Cultsport is the company’s direct-to-consumer business for fitness apparel and equipment.
  • Eat.fit is a healthy meal delivery service.
  • Mind.fit focuses on mental wellness and yoga-related offerings.
  • Care.fit includes healthcare services such as clinics and health check-ups.

Current Valuation 

The IPO is expected to push the company’s valuation close to the $2 billion mark. Cult.fit’s last known valuation was $1.56 billion during Zomato’s investment in 2021.

Conclusion

With its bankers in place and a ₹2,500 crore target, Cult.fit is preparing for a public listing. The company’s diversified business model and investor backing position it as a notable entrant in the upcoming IPO pipeline. Other details are to be announced soon.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

TVS Motor Singapore Arm Acquires Additional 30% Stake in EBCO for GBP 60,000

TVS Motor (Singapore) Pte. Limited, a wholly-owned subsidiary of TVS Motor Company, has acquired an additional 30% stake in EBCO Limited, a UK-based electric bike distributor. This acquisition, completed on March 26, 2025, for £60,000, results in EBCO becoming a fully owned subsidiary of TVS Motor Singapore. 

Details About EBCO Limited

EBCO Limited is a UK-based company that distributes electric bicycles and serves the growing British e-bike market. Founded on March 3, 2010, it works with major dealers across the UK. Its financial performance has varied in recent years, with a revenue of ₹7.07 crore in 2023-24, ₹4.87 crore in 2022-23 and ₹8.85 crore in 2021-22. However, the company has faced losses, reporting a net loss of ₹15.15 crore in 2023-24.

Purpose and Impact of the Acquisition

TVS Motor Company views EBCO as a strategic partner in strengthening its position in the e-bike segment. By acquiring full ownership, TVS aims to expand its footprint in the electric mobility market, using EBCO’s experience and strong presence in the UK. This move supports TVS’s long-term goal of focusing on sustainable transportation.

Financial and Legal Aspects of the Deal

The acquisition was conducted as a cash transaction, requiring no regulatory or government approvals. TVS Motor Singapore acquired the 30% stake for £60,000, bringing its total ownership in EBCO to 100%. With this acquisition, TVS aims to enhance its global market presence in the electric bike industry.  

Share performance 

As of March 27, 2025, at 11:50 AM, TVS Motor Company share price is trading at ₹2,451.50 per share, reflecting a surge of 0.92% from the previous day’s closing price. Over the past month, the stock has registered a profit of 4.81%. The stock’s 52-week high stands at ₹2,958.00 per share, while its low is ₹1,873.00 per share.

Conclusion

The complete acquisition of EBCO Limited marks a significant step for TVS Motor in its journey toward strengthening its electric mobility portfolio. By securing full ownership, TVS positions itself to capitalise on the growing e-bike market in the UK and beyond. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IRM Energy Secures Long-Term RLNG Supply Agreement with Shell Energy

IRM Energy Limited has entered into a long-term contract with Shell Energy India Private Limited for the supply of Regasified Liquefied Natural Gas (RLNG). This five-year agreement ensures a stable and cost-effective energy supply, reinforcing IRM Energy’s commitment to sustainability and reliability in the gas sector.

Strengthening Industrial and Commercial Energy Supply

Under this agreement, IRM Energy will procure 1,23,21,200 MMBtu (approximately 326.84 mmscm) of RLNG, enhancing its supply security for industrial and commercial customers. This partnership with Shell, a leading global LNG supplier, allows IRM Energy to offer cleaner energy solutions, aiding businesses in reducing their carbon footprint while maintaining operational efficiency.

Advancing Energy Security and Sustainability

This deal aligns with IRM Energy’s mission to drive energy accessibility through strategic collaborations. By securing a long-term RLNG supply, the company not only supports industrial growth but also contributes to India’s transition to cleaner energy. The agreement signifies a step forward in ensuring affordability and innovation in the natural gas sector.

IRM Energy Share Performance 

As of March 27, 2025, at 2:00 PM, IRM Energy share price are trading at ₹294.85 per share, reflecting a surge of 8.08% from the previous day’s closing price. Over the past month, the stock has seen a surge of 6.0%

Conclusion

IRM Energy’s partnership with Shell reinforces its commitment to providing sustainable and reliable energy solutions. This agreement enhances the company’s sourcing capabilities, benefiting both industrial users and India’s broader energy goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Indian Companies Overseas Investments Rise by 40% to $36 Billion in FY25

Indian firms have increased their overseas investments significantly in FY25. Data from the Reserve Bank of India (RBI) shows that $36 billion was remitted abroad through Overseas Direct Investment (ODI) in the first 11months of the financial year. This marks a 40% increase compared to $25.2 billion in FY24 and $24.8 billion in FY23.

February Records Highest Monthly Outflow

February 2025 recorded the highest monthly ODI outflow in at least 38 months, with Indian companies sending $5.35 billion overseas. This figure includes large corporate transactions, contributing to the overall rise in outflows during the fiscal year.

Top ODI Destinations

Singapore accounted for the largest share of ODI outflows, receiving 23% of the total. Indian firms often use Singapore as an intermediary destination due to its tax treaties with several countries. The United States was the second-largest destination, receiving 16% of total ODI.

While the US saw more individual transactions than Singapore, most of them were small-ticket transfers, typically under $100 million. Companies sending funds to the US were primarily from the services sector, especially information technology.

The United Kingdom and United Arab Emirates followed, accounting for 12% and 10% of the ODI outflows, respectively. Sectors in these regions included manufacturing, logistics, metals, and minerals. Other key destinations included the Netherlands and Mauritius.

Notable Transactions in FY25

Significant transactions during the year included Vedanta’s $1 billion remittance to its Mauritius-based subsidiary THL Zinc in February. Sun Pharma transferred $829 million to its Netherlands arm in December. In October, Biocon Biologics issued guarantees for its joint venture in the UK.

ODI vs LRS

ODI allows companies to send up to $1 billion abroad annually for business purposes. This differs from the Liberalised Remittance Scheme (LRS), which permits individuals to send up to $250,000 abroad each year.

Conclusion

The 40% increase in ODI outflows during FY25 shows a rise in cross-border activity by Indian companies. A mix of large deals and steady sectoral investments contributed to the $36 billion total, with destinations spread across Asia, Europe, and North America.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Defence Ministry Signs ₹6,900 Crore Deal for Artillery Systems and Vehicles With Bharat Forge and Tata Advanced Systems

The Ministry of Defence (MoD) has signed contracts worth ₹6,900 crore with Bharat Forge Limited and Tata Advanced Systems Limited. The agreement includes the procurement of 155mm/52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and high mobility 6×6 gun towing vehicles.

As of 12:45 PM on March 27, Bharat Forge share price was trading at ₹1,169.55, down 1.13% for the day, 12.63% over the past month, and 23.18% in the last 6 months.

Breakdown of the Procurement

Bharat Forge will supply 184 units of the ATAGS, developed in collaboration with the Defence Research and Development Organisation (DRDO). This forms 60% of the total contract value. Tata Advanced Systems will provide the 6×6 towing vehicles required to mobilise these artillery systems in the field.

ATAGS to Replace Older Systems

The 155mm/52 calibre ATAGS are intended to replace older, smaller calibre guns currently in service. These new systems offer increased range and improved targeting accuracy. The move is part of the Army’s ongoing efforts to modernise its artillery regiments and phase out outdated equipment.

Private Sector Involvement

This is the first major order for towed artillery guns placed by the Indian Army with private companies. It is expected to increase production activity in the domestic defence sector and contribute to the broader goal of self-reliance in defence manufacturing.

Context and Capital Spend

With this latest contract, the total value of capital procurement signed by the Ministry of Defence for FY 2024-25 has reached ₹1.40 lakh crore. Earlier, on March 20, the Defence Acquisition Council cleared defence acquisition proposals worth over ₹54,000 crore. These included approvals for aircraft systems, tank engines, and other military hardware.

The ATAGS systems were developed by DRDO’s Armament Research and Development Establishment in Pune. During the contract signing, the project director from DRDO was formally recognised for contributions to the system’s development.

Conclusion

The current procurement adds new capabilities to the Indian Army’s artillery regiments while expanding domestic production of military systems.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.