Defence Stocks Rally In Trade As India's Defence Production Touches All-Time High

Defence stocks rallied sharply on June 17, with broad-based gains across the sector as India's defence production reached an all-time high of Rs 1.78 lakh crore in the Financial Year (FY) 2025-26, marking a significant milestone in the country's push towards self-reliance in defence manufacturing.

Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%.

Among the public sector defence names, Garden Reach Shipbuilders climbed 3.67%, Hindustan Aeronautics Ltd. (HAL) added 3.51%, and Cochin Shipyard gained 3.39%. Mazagon Dock Shipbuilders rose 2.43%, while Mishra Dhatu Nigam and DCX Systems advanced 2.14% and 1.84%, respectively. Bharat Electronics Ltd. (BEL) gained 1.58%, and IdeaForge Technology rose 1.29%. Bharat Forge was the laggard within the pack, up 0.46%.

The record output represents a 15.6% increase compared to the previous fiscal year, when defence production stood at Rs 1.54 lakh crore. It also reflects a remarkable 110% growth from FY 2020-21, when production was valued at Rs 84,643 crore. Compared to FY 2013-14, indigenous defence production has increased nearly fourfold from Rs 43,746 crore, said the Ministry of Defence.

Defence Public Sector Undertakings (DPSUs) and other public sector units contributed around 76% of the total defence production, while the private sector accounted for 24%.

The private sector's contribution reached an all-time high of approximately Rs 42,000 crore in FY 2025-26, rising from 22% in the previous fiscal year.

from NDTV News- Special https://ift.tt/y9PcrQN
via IFTTT

Peddi Box Office Day 13: Film Holds Steady Despite Screen Reduction

Ram Charan's Peddi continues to enjoy a strong run at the box office, maintaining its momentum well into the second week despite a reduction in screens. The film's total India net collection has now reached Rs 221.24 crore, while its India gross stands at Rs 262.30 crore, according to Sacnilk live estimates.

Language-Wise Performance

As of Day 13, Peddi is running across 1,866 shows nationwide. The Hindi version has collected Rs 0.21 crore from 768 shows, recording 14% occupancy.

The Telugu version continues to drive the film's business, contributing Rs 0.93 crore net from 1,098 shows while registering 22% occupancy.

Occupancy Trends

The film recorded an overall occupancy of around 18.7% on Day 13 based on morning shows.

The Telugu version reported 15.69% occupancy in morning shows. Among major centres, Warangal and Chennai led the occupancy chart with 38%, followed by Visakhapatnam at 30%. Guntur recorded 23% occupancy, while Hyderabad stood at 16%.

Nizamabad registered 14% occupancy, Karimnagar posted 13%, Vijayawada and Kakinada reported 12% each, while Bengaluru recorded 8%.

The Hindi version recorded an overall morning occupancy of 6.67%.

ALSO READ: Malayalam, Tamil, Telugu OTT Releases This Week: Drishyam 3, Kenatha Kanom, Save The Tigers 3

Among key markets, NCR emerged as the strongest centre with 12% occupancy, followed by Jaipur at 11% and Bhopal at 10%. Lucknow, Mumbai and Chandigarh recorded 8%, while Pune stood at 7%.

Kolkata posted 6% occupancy, while Ahmedabad and Surat recorded 4% each.

Box Office Journey So Far

Peddi opened with Rs 18.50 crore in previews and collected Rs 51 crore on its first day. The film wrapped up its opening week with a strong Rs 193.55 crore net collection in India.

In its second week, the film added Rs 5.15 crore on Day 9, Rs 8.10 crore on Day 10 and Rs 9.20 crore on Day 11 before collecting Rs 4.10 crore on its second Monday.

About The Film

Set in rural Andhra Pradesh during the 1980s, Peddi follows a spirited villager who brings his community together through sports to protect their pride against a powerful rival.

The film is directed by Bucchi Babu and stars Ram Charan, Janhvi Kapoor, Divyendu Sharma, Jagapathi Babu and Shivarajkumar in key roles.

ALSO READ: Kalki Koechlin Sells Apartment In Mumbai's Andheri West; Check Area, Cost & Other Details

from NDTV News- Special https://ift.tt/4XTQsiY
via IFTTT

Restaurant Recovery: Macquarie Has Picked Winners, And Jubilant Isn't On The List

India's quick-service restaurant (QSR) industry is showing early signs of demand recovery, but Macquarie highlights rising costs and intensifying competition from food-delivery aggregators as reasons for its cautiousness. According to Macquarie, post-fourth-quarter trends indicate a gradual improvement in dine-in demand across restaurant chains. Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld.

However, the recovery remains uneven and is being overshadowed by inflationary pressures and the growing dominance of delivery platforms such as Zomato and Swiggy.

The brokerage said same-store sales growth across the listed QSR universe is tracking broadly in line with or slightly ahead of fourth-quarter levels. However, restaurant brands continue to trail delivery aggregators in growth, highlighting a structural shift in consumer behaviour.

To counter this trend, restaurant operators have increasingly turned to targeted discounting and value offerings aimed at attracting customers back into dine-in formats. While these initiatives could help improve footfalls, Macquarie believes they may also weigh on profitability if sustained for longer periods.

ALSO READ: 'Better Than What You Eat At Home': McDonald's India Defends Its Menu

Devyani, Sapphire and Westlife Preferred

Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld. The brokerage cited their exposure to the KFC and McDonald's formats, strong operating leverage and potential earnings upside from an eventual recovery in discretionary spending.

Devyani, in particular, could benefit from a turnaround in the Pizza Hut business following the merger of Yum franchise operations, Macquarie said.

By contrast, the brokerage remains cautious on Jubilant FoodWorks. It believes pressure on like-for-like sales growth could persist for several quarters due to a high base and the need for continued investments in dine-in recovery, risks that it believes are not fully reflected in current valuations.

ALSO READ: KFC Pulling Customers Away From Ordering Online? Here's What We Know

Inflation Remains a Key Concern

The brokerage highlighted that rising raw material costs and broader inflationary pressures continue to weigh on consumer sentiment and discretionary spending. As a result, Macquarie expects the recovery in same-store sales growth to be more gradual than previously anticipated.

This cautious view has prompted the brokerage to cut earnings estimates across its restaurant coverage universe. Forward EPS estimates for FY28 and FY29 have been reduced by 3-7%, while target prices have also been trimmed. The brokerage said earnings downgrades were amplified because lower profit bases lead to a greater flow-through impact on bottom-line estimates.

ALSO READ: Pricier Pizza, Slower Growth: Jubilant Foodworks' Q4 Leaves Brokerages Hungry For A Turnaround

from NDTV News- Special https://ift.tt/T1va5Ge
via IFTTT

Livano Comenencia: Know All About Curacao's 1st FIFA World Cup Goal-Scorer

Curacao, playing their first FIFA World Cup match and up against giants Germany, conjured a courageous act that will be spoken about in the days to come. By the sixth minute, Curacao were down 0-1, with Felix Nmecha slotting one home in style. What followed was a period of complete domination by the four-time winner. Curacao defended with their lives as Germany raided the Curacao box in hordes.

The reply came in the 21st minute as a counter-attack caught Germany's defence napping, and one of the youngest players of the squad - Livano Comenencia, all of 22 - forever entered the sporting folklore of the Dutch Caribbean island. Comenencia is now the first goal-scorer in a FIFA World Cup for Curacao.

Comenencia was born in the Netherlands and was a youth international for the Netherlands. He even played for Netherlands U18s. In October 2024, he first played for Curacao's senior team. He currently plays for Swiss Super League club Zurich in Switzerland. Earlier, he has played for Juventus Next Gen, the reserve team of Juventus, and Jong PSV.

On Sunday, the island nation of 150,000 people became the smallest country ever to compete at the FIFA World Cup.

🚨🌎 LIVANO COMENENCIA HAS EQUALIZED F0R CURACAO! INCREDIBLE! 🤯

Germany 1-1 Curacao.pic.twitter.com/7iakhA3xY5

— football updates (@The90Minsfeed) June 14, 2026

Coach Dick Advocaat has done his best to keep his players focused and relaxed as they navigate this unprecedented experience.

"Just be yourself, and don't be nervous," defender Shurandy Sambo said Advocaat told them, just before the team left its Florida base camp for Houston. "Of course everybody is excited, but just be yourself, show yourself, because this is the biggest stage."

The Curacao players have worked hard to ensure they are prepared for their debut. Germany, making its 21st appearance in the World Cup, is a heavy favorite.

"We've watched a lot of clips of Germany, how they play, what they can do," Sambo said.

Advocaat said there is more pressure on teams like Germany that are considered favorites and that his team has "everything to win and nothing to lose."

He's confident that Curacao is ready for the challenge of facing Germany, which he referred to as a towering contender.

"We are a minor, very small country compared to Germany, and we're going to make life very difficult for them," he said. "We're going to be a very unpleasant team to play."

Curacao's squad is representing a country that rarely has a chance to have moments as big as this on international sports stages.

Due to its strong Dutch ties, Curacao is not recognized in the Olympics as its own nation, and despite its impressive per-capita production of professional baseball athletes, Curacao players represent the Netherlands at the World Baseball Classic.

from NDTV News- Special https://ift.tt/WfpsmB8
via IFTTT

T20 Mumbai 2026 Final Live Streaming: How To Watch ARCS Andheri vs MSC Maratha Royals Matc

ARCS Andheri and MSC Maratha Royals are all set to face each other in the summit clash of the T20 Mumbai League 2026 at the Wankhede Stadium in Mumbai. 

After a thrilling campaign featuring some of Mumbai cricket's most promising names, the two teams will battle it out for the coveted title.

ARCS Andheri have enjoyed a strong run in the tournament, with players like Shivam Dube and Divyaansh Saxena playing crucial roles in their journey to the final. The side finished the league stage strongly and will look to deliver one final big performance.

MSC Maratha Royals, meanwhile, will enter the contest with confidence, having already beaten ARCS Andheri earlier in the tournament. In their previous meeting, MSC Maratha Royals chased down 169 runs to secure a five-wicket victory, powered by Ayaz Khan's match-winning 87-run knock.

MSC Maratha Royals, who are the defending champions, will look forward to secure consecutive titles after winning the 2025 final against Sobo Mumbai Falcons.

The final between ARCS Andheri and MSC Maratha Royals will begin at 7:00 PM on June 13, 2026.

ALSO READ: How To Watch ICC Women's T20 World Cup 2026 Live? Check Broadcasters, TV Channels And Live Streaming Details

T20 Mumbai 2026 Final: How To Watch ARCS Andheri vs MSC Maratha Royals On TV?

The T20 Mumbai 2026 Final ARCS Andheri vs MSC Maratha Royals match will be telecast live on the Star Sports Network. 

T20 Mumbai 2026 Final: How To Watch ARCS Andheri vs MSC Maratha Royals On Online

Fans can watch the livestream of the T20 Mumbai 2026 Final ARCS Andheri vs MSC Maratha Royals on the JioHotstar app and website. 

T20 Mumbai 2026 Final: ARCS Andheri vs MSC Maratha Royals  Squads

ARCS Andheri Squad: Siddid Tiwari, Pragnesh Durgesh Kanpillewar, Divyaansh Saxena, Deepak Bhaskar Shetty, Himanshu Vinod Singh, Ajay Bainkteshwar Mishra, Hrishikesh Bhushan Gore, Ashutosh Ghagre, Arjun Sachin Tendulkar, Gaurav Ashok Jathar, Karthik Shaji Kumar, Ayush Jethwa, Prasoon Angad Singh, Musheer A. N. A. Khan, Rishi Sandip Shah, Shivam Dube, Kiaan Dipen Parekh, Prasad Yashwant Pawar, Moin A. N. Ahmed

ALSO READ: Women's T20 World Cup 2026: Schedule, When And Where To Watch, Standings, Groups, Squads And More

Mumbai South Central Maratha Royals: Ayaz A. A. A. Khan, Chinmay Rajesh Sutar, Swaraj Parulkar, Pratik Praveen Shukla, Sachin Madhukar Yadav, Shreyanssh Rai, Om Ramdas Bangar, Siddhesh Dinesh Lad, Shreyas Gurav, Irfan Umair, Jitendra Rajendra Paliwal, Tushar Deshpande, Aryan Rajesh Patni, Yash Ajay Gadia, Aditya Sanjay Dhumal, Arjun Amit Dani, Maxwell David Swaminathan, Atharva Sanjay Bhosale, Rohan Ravindra Raje, Sahil Bhagwanta Jadhav

from NDTV News- Special https://ift.tt/fVNjl3T
via IFTTT

Rolex Hikes Gold Watch Prices Second Time In A Row, But Luxury Buyers Stay Unfazed

Rolex increased the price of its gold watches by an average of 5% this month, adding an unusual second annual increase to its major markets, which include the United States, Hong Kong, and Britain, according to reports.

Despite a generally muted luxury goods market, there remains a robust demand for premium products, as evidenced by the increase, which comes after a somewhat larger increase in January that was neither worldwide nor gold-specific, reported Reuters, citing two luxury research platforms and dealers.

According to Mark Xu, head of marketing at the research platform WatchCharts, other top luxury brands have also upped their pricing. For example, Cartier, which is owned by Richemont, hiked the price of its gold watches by up to 10% last month. Citing rising gold prices and currency fluctuations, Richemont stated in its annual report that it has adopted gradual pricing hikes at its Jewellery Maisons, including Cartier.

The industry saw many price increases last year, which was unusual as well. However, this was due to US import duties, which are currently at 10% for Switzerland, the country with the largest watch industry in the world.

Unexpected Second Price Increase

According to Erik Boneta of Boneta Inc., a US-certified pre-owned watch dealer, the market was taken aback by Rolex's second raise this year: "No one saw it coming."

Despite the fact that more middle-class consumers are no longer spending money on luxury, industry analysts claim that the luxury watch market is still able to sell watches advertised as unique investment items to extremely wealthy clients.

According to WatchCharts, Rolex raised the average cost of its timepieces by 6.2% in January in Germany, Hong Kong, Japan, the UK, and the US. 

Price Of Gold Has Soared

Since 2024, the price of gold has nearly doubled to over $4,200 per ounce. According to Zouheir Guedri, founder of the luxury research business Data&Data, gold watches from several brands, including Rolex, Richemont, Moët Hennessy Louis Vuitton 9LVMH), Swatch, Breitling, and Chopard, are up 4% to 6% on average from a year ago.

He claimed that high-end watchmakers were "encouraging clients toward precious-metal and higher-end references" in an effort to attract the elite who still had money to spare.

The price hikes have been significantly higher for some models. The price of a white gold Rolex Cosmograph Daytona, which Hollywood actor Paul Newman wore in the 1970s, is $59,100 in the United States, up 14% this year and 33% since 2024.

Premium Exports Have Risen

According to Vontobel experts, Swiss watch exports valued at more than 20,000 Swiss francs ($25,038) had more than doubled from pre-pandemic levels and accounted for more than two-thirds of the industry's overall value of 24.4 billion francs in 2025.

According to the report, this represented an increase from 22% of the total in 2019

Simon Lazarus, head of PR and content at online luxury watch platform Chrono Hunter, believes that demand for Rolex watches will continue to exceed supply. "It comes down to brand desirability," he said. "Rolex has always been the high flyer".

ALSO READ: Young Indians No Longer Want Alcohol To Taste Like Alcohol

from NDTV News- Special https://ift.tt/v1DBsJd
via IFTTT

Mumbai Police Responds To Priyanka Chaturvedi's 'Disgraceful' Remark

A viral social media post by the Mumbai Police addressing consent via the ongoing Pranit More biryani controversy has drawn sharp political backlash. Shiv Sena (UBT) lawmaker Priyanka Chaturvedi slammed the law enforcement department's official social media handle, calling its attempt to address the matter "disgraceful."

The Mumbai Police joined the conversation on X, using the trend to emphasise that consent cannot be bought. The police warned, “Rs 370 gets you one plate of biryani. Our lock-up serves free meals with a longer stay.” The post ended with the hashtag “#BiryaniIsNotConsent”.

????It's your choice

????निवड तुमची आहे!#BiryaniIsNotConsent pic.twitter.com/VtxXw7ehQt

— मुंबई पोलीस Mumbai Police (@MumbaiPolice) June 10, 2026

Responding to an official campaign touting the city's commitment to "Safeguarding Women", Chaturvedi criticised the force, replying, "Do better, Mumbai Police, this is so disgraceful."

Do better @MumbaiPolice , this is so disgraceful pic.twitter.com/kx1uwPSuu1

— Priyanka Chaturvedi???????? (@priyankac19) June 10, 2026

This gained the attention of users as well as police authorities, who responded further to her post, "Ma'am, with due respect to your interpretation, isn't it the most rightful thing to stand with women and for women?"

ALSO READ: Pranit More Show Row: Audience Member Loses Job Over Viral 'Rs 370 Biryani' Comment

While clarifying that the language was used only to grab attention and was intended for good purposes, the police added, "We condemn their dignity being breached even in words and are willing to put the word across in a language understood best. Safeguarding women and their dignity is never out of trend!"

This was dismissed by Chaturvedi, who said, "No. But they are selling cheap thrills on the basis of what is trending. Shameless."

What is the biryani controversy?

The "Rs 370 Biryani" controversy erupted after a clip from comedian Pranit More's crowd-work show went viral. In the video, an audience member named Himanshu Jangra stated that he spent Rs 370 on a chicken biryani date, implying that the financial expense entitled him to physical intimacy with the woman.

The comment sparked massive online outrage for reducing consent to a commercial transaction. Amid mounting backlash, comedian Pranit More issued an apology on Instagram before subsequently deactivating his account.

from NDTV News- Special https://ift.tt/dU9lJy8
via IFTTT