India has approved a Rs 64,000 crore deal with France for 26 Rafale-Marine fighter jets to operate from the INS Vikrant aircraft carrier. The agreement includes weapons, simulators, crew training, and logistics support, with delivery expected within 37 to 65 months. Additionally, a Rs 33,500 crore deal for three Scorpene submarines with design modifications is being finalized, with the first submarine expected to roll out in six years.
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RBI policy decision, FII trends to steer stock markets this week: Analysts
SummaryMarket analysts anticipate that the Reserve Bank of India's upcoming interest rate decision, along with key macroeconomic data and trends from Foreign Institutional Investors (FIIs), will significantly influence equity markets this week. The RBI's Monetary Policy Committee meeting on June 6 and updates on economic indicators like auto sales and the monsoon's progress will be closely watched. Despite recent market declines, expectations of a 25 bps rate cut could boost interest rate-sensitive sectors, contingent on...
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