1. India’s defence shares surge on foreign investment notification: Analysts

India’s defence shares surge on foreign investment notification: Analysts

Shares in India's defence companies such as Bharat Electronics and Astra Micro Wave Products gain over 5.5 pct...

By: | Updated: December 2, 2014 2:00 PM

Shares in India’s defence companies such as Bharat Electronics  and Astra Micro Wave Products gain over 5.5 pct.

Pipavav Defence and Offshore Engineering Co is up 0.7 pct, while Centum Electronics rises 1.4 pct.

Foreign direct investment limit in defence at 49 pct and that of foreign portfolios at 24 pct notified – Analysts.

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