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Persistent Systems ends higher after unveiling fintech risk mgmt solution
Persistent Systems advanced 1.87% to end at Rs 5,474 after the company announced the launch of its Merchant Risk Management and Fraud Detection solution built on the Databricks Data Intelligence platform.
Uno Minda shares jump over 3% as Jefferies initiates coverage with Rs 1,350 target price
Uno Minda shares rose over 3 per cent after Jefferies initiated coverage on the auto component maker with a Buy rating and a target price of Rs 1,350. The brokerage expects strong earnings growth driven by rising content per vehicle, premiumisation trends and expanding presence in EV components and advanced automotive systems.
HAL, BEL and other defence stocks jump up to 5% on potential India-Israel defence deal
Defence stocks such as Hindustan Aeronautics, Bharat Electronics and others gained up to 5% after reports of a potential India–Israel defence pact. The agreement, expected during Prime Minister Narendra Modi’s Tel Aviv visit, may prioritise technology transfer in missile defence and advanced weapon systems.
Centum Electronics to build advanced radar for HAL helicopters in deal worth ₹500 crore
Centum Electronics Ltd won a ₹66 crore order from Hindustan Aeronautics Ltd for AESA radar systems for UH-M helicopters, with Phase-2 valued at ₹500 crore. Shares of Centum Electronics Ltd ended higher on Tuesday, February 24, by 5.12% at ₹2,810.00 on the NSE.
India joins Pax Silica Declaration
India formally joined the Pax Silica coalition, marking a significant milestone in the strengthening of strategic technology and supply chain cooperation between India and the United States. The signing ceremony brought together senior government leaders from both nations, underscoring a shared commitment to securing the full technology stack that will power the AI-driven global economy. Pax Silica is envisioned as a strategic coalition of trusted nations committed to securing the silicon stack, from critical minerals and semiconductor fabrication to advanced AI systems and deployment infrastructure. The initiative seeks to reduce overconcentration in global supply chains, prevent economic coercion, and ensure that emerging technologies are developed and governed by open, democratic societies.