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REVEALED: Bdl - The Real Truth

Will BDL, HAL & other defence stocks deliver rocketing returns? Here’s why this brokerage remains bullish

India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on Bharat Dynamics and Hindustan Aeronautics, citing improving execution, robust order books and long-term military modernisation as key growth drivers.

The Economic Times

Award for Bharat Dynamics Limited

Bharat Dynamics Limited (BDL) receives Southern Region 'Narakas' Official Language Award for language implementation efforts.

The Hindu

BDL-made Akash missile can strike four aerial targets simultaneously

India demonstrates the capability of engaging four aerial targets simultaneously using the 'Akash' missile, marking a significant achievement.

The Hindu

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BDL holds vendors meet at its Kanchanbagh unit

160 people attended BDL's vendors' meet in Hyderabad, where components and sub-assemblies were displayed for indigenisation. CMD Commodore A Madhava Rao (Retd), Director (Finance) N Srinivasulu, Chief Vigilance Officer Upender Vennam, and others were present. Business opportunities available with BDL were discussed, providing potential vendors with a first-hand understanding of…

The Hindu

Central Vigilance Commission secretary visits Bharat Dynamics Limited

CVC secretary P. Daniel IDES visited BDL's Kanchanbagh unit, where he was briefed by CMD Commodore A. Madhavarao and CVC chief vigilance officer Upender Vennam. He released a compendium of CVC circulars and praised vigilance activities. He also visited the R&D and manufacturing facilities.

The Hindu

IAF to induct Astra missiles by end-2023

The IAF plans to arm its frontline fighters with the Astra-MK1 and officials have said that the Astra-2 would become the mainstay of the IAF’s BVR missile arsenal, reducing import dependency.

The Hindu

BDL contributes ₹30 lakh to CCTV project

BDL, a defence PSU, contributes ₹30 lakh to Hyderabad City Police's 'CCTV Surveillance Project'. Director (Finance) N. Srinivasulu presented the cheque to DCP South Zone Ch. Rupesh at Kanchanbagh unit in presence of other senior officials.

The Hindu

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BDL’s CSR helps in training 600 women

BDL provides job-oriented skill training to 600 women in Vizianagaram, Andhra Pradesh, with a budget of ₹2.40 crore. Participants received sewing kits and material during training. Digitization of 100 govt. schools in the district with a budget of ₹3 crore was also inaugurated. Aim is to facilitate easy learning for…

The Hindu

Bharat Dynamics Limited organises weapons exhibition in Hyderabad

BDL is showcasing anti-tank guided missiles, surface-to-air missiles, air-to-air missiles, missile launchers, underwater weapons and counter measures at exhibition on Kanchanbagh premises in Hyderabad on August 11-12.

The Hindu

Middle East Roundup: Quran burnings lead to protests around the world

Killings in a Palestinian refugee camp and Lebanon’s wanted bank governor steps down – here’s the Middle East this week.

Al Jazeera

Now a wanted man, Lebanon’s central bank head steps down

Amid accusations of fraud, a tarnished end to a governorship that started in 1993 at the request of the PM.

Al Jazeera

Lebanon to Soon Beat Zimbabwe in Highest Inflation Rate

A recent move by Lebanon’s Central Bank (BDL) to offer to sell the cash dollar through its platform at the rate of LBP 70,000 has temporarily curbed the rapid collapse of the national currency. The price margins of cash trading in the parallel markets fell to around LBP 80,000 per…

Asharq Al-Awsat

BDL Role Shrinks in Lebanon’s Cash Game

The central role of Banque du Liban (BDL) in currency exchange markets has shrunk dramatically due to the stress brought about by monetary speculation, which mainly feeds on the deepening state of uncertainty experienced by Lebanon. While BDL is supposed to be a major maker of exchange markets and a…

Asharq Al-Awsat

Year 2022 Saw Erosion of Middle East National Currencies

The year 2022 witnessed an unprecedented decline in the exchange rates of a number of national currencies in some Middle Eastern countries, most notably Egypt, Türkiye, Sudan and Iraq. The value of some of the region’s currencies fell against the US dollar, while others saw very sharp deteriorations, as is…

Asharq Al-Awsat

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Asharq Al-Awsat

French Prosecutors Name Ukrainian Suspect in Lebanese Central Bank Probe

French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Lebanon's central bank under formal investigation as part of a cross-border probe into alleged fraud to the detriment of the Lebanese state. Anna Kosakova, with whom central bank governor Riad Salameh has a daughter,…

Reuters

French prosecutors name Ukrainian suspect in Lebanese central bank probe

(This story has been refiled to fix a typo in paragraph 11.)

Asharq Al-Awsat

Lebanon’s Central Bank Says Audit of Gold Reserves Completed ‘Successfully’

Lebanon’s Central Bank announced on Friday that the audit of the bank’s gold reserves- coins and ingots- which came at the request of the International Monetary Fund, has been completed “successfully.” The bank said that the amount of gold bullions declared corresponded exactly with the quantity of gold in its…

Asharq Al-Awsat

Lebanon: Tenfold Increase in Customs Duties

The Ministry of Finance announced on Wednesday that the government will start collecting customs duties with a tenfold increase, starting the first of December. The announcement came a day after the Governor of the Banque du Liban said that the official exchange rate of the dollar would be raised to…

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The Hindu

Tanzanian Defence Minister visits BDL

Hyderabad

The Hindu

Defence Minister launches two BDL facilities in Hyderabad

Warhead manufacturing, RF Seeker facilities set up at a cost of ₹94 cr.

The Hindu

Defence Ministry signs ₹2,971-crore deal for indigenous Astra Beyond Visual Range missiles

According to a Ministry statement, the missile and associated systems for its launch has been developed by the DRDO

The Hindu

BDL bags ₹ 2,971 crore defence contract

To supply ASTRA MK-I Beyond Visual Range Air-to-Air Missile for IAF, Navy

The Hindu

BDL turnover rises to ₹2,817 crore, profit touches ₹710 crore

HYDERABAD

Asharq Al-Awsat

Lebanon Central Bank Seeks Names of Those Who Failed to Repatriate Funds amid Crisis

Lebanon's central bank has asked commercial banks to provide the names of political figures who failed to comply with a circular ordering them to repatriate funds sent abroad in the lead-up to the country's 2019 financial meltdown. Lebanon's financial crisis, which the World Bank has labeled one of the deepest…

The Hindu

BDL pays dividend

Bharat Dynamics Limited (BDL) has paid an interim dividend of ₹7.30 per equity share of ₹10 each for the financial year 2021-22 amounting to ₹133.7953 crore. The interim dividend declared by the company works out to 73 % of paid up share capital of ₹183. 2812 crore.

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