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 ...
The First Information Report against Sandip Ghosh, the former Principal of Kolkata's RG Kar Medical College - has cleared the decks for his eventual arrest. Ghosh -- who is in the eye of the storm over the rape-murder of a young doctor in the hospital premises - has not been named in the rape-murder case. But the corruption charges against him are non-bailable, meaning once arrested, he will not be out easily.
The corruption case was filed after the Central agency took over the investigation on Saturday on the orders of the Calcutta High Court.
While the initial corruption allegations against him were levelled by former Deputy Superintendent of RG Kar Hospital Akhtar Ali, the push came after the rape-murder case, which has sparked massive public outrage.
There were questions whether the rape-murder was linked to the alleged corruption at the institution under the stewardship of Sandip Ghosh.
As protests spread over the rape-murder, Akhtar Ali had filed an appeal in High Court, requesting that the Enforcement Directorate investigate the alleged financial misconduct.
The CBI, which carried out a massive, 11-hour search at the home of Sandip Ghosh yesterday, have said they have detected a wealth of evidence.
In his appeal to the High Court, Akhtar Ali has accused Sandip Ghosh of illegal sale of unclaimed corpses, trafficking of biomedical waste and passing tenders against the commission paid by medicine and medical equipment suppliers. Students were pressured to pay amounts ranging between Rs 5 and 8 lakh to pass exams, he further alleged.
Ghosh has been questioned by the CBI for 10 straight days and has even undergone a polygraph test. He was questioned yesterday about the financial irregularities.
from NDTV News- Special https://ift.tt/cSzAmuH
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