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Indo-MIM Shares Rally 10% as Q1 Growth and 11% Drop in Raw Material Costs Boost Sentiment
Indo-MIM shares hit a 10% upper circuit on August 18, 2026, touching an all-time high of ₹951.30. The rally followed Q1 FY27 results showing 31.63% profit growth. Raw material costs fell 10.9% year-on-year, giving margins a clear boost. The stock now trades 96% above its ₹485 IPO issue price. Indo-MIM Q1 FY27 Profit and Revenue…
Gina Rinehart’s $1.4B SpaceX Bet Signals Billionaire Confidence in Musk
Gina Rinehart, Australia’s richest person, holds 8 million SpaceX shares worth $1.4 billion, making it her largest US investment. Her US portfolio surged from $3.3 billion to $5.7 billion in six months.
SpaceX Stock Falls Below IPO Price as Valuation Concerns Mount
SpaceX stock trades below IPO price with a 41x price-to-sales ratio. Revenue hit $7.8B, up 92%, but capital spending soared to $18.7B. Meyka grades SPCX a B with a $38.82 yearly forecast.
Reliance Industries, Rolls-Royce to Jointly Develop Sovereign Combat Engine for AMCA
Reliance Industries and Rolls-Royce announced strategic intent on August 14, 2026, to jointly develop India’s indigenous combat engine. The partnership targets the Advanced Medium Combat Aircraft (AMCA) programme, India’s fifth-generation stealth fighter project. Both companies will explore forming a dedicated Aerospace Gas Turbine Complex in India. Reliance Industries shares traded 0.1% lower at ₹1,306.65 on…
Indian Defence Stock Rally: HAL, Solar Industries Rise After PM Modi’s Defence Push
Indian defence stocks drew strong attention on Monday, August 17, 2026, after Prime Minister Narendra Modi’s Independence Day defence push. HAL and Solar Industries were among the stocks in focus as investors weighed the government’s renewed drive to expand domestic military production. In his August 15 address, Modi called for India to become a global…
Engine Blade Failure Sucked Passenger Through Ryanair Window on July 10
NTSB preliminary report shows engine fan blade failure caused Ryanair window breach on July 10 flight from Greece. Passenger partially sucked out but rescued by fellow travellers. Bird remains found in engine.
Boeing 737 Engine Failure Sucks Passenger Through Window on Ryanair Flight, NTSB Reports August 14
NTSB preliminary report shows a fan blade failure on a Ryanair Boeing 737 sent engine debris through the cabin on July 10, shattering a window and partially sucking a 61-year-old passenger outside. Bird remains found in engine.
Apollo Micro Systems Share Price Falls 2.72%: Revenue Surges 88%, PAT Jumps 43%
Apollo Micro Systems share price came under pressure on August 10, 2026, despite a strong Q1 FY27 performance. The defence electronics company reported an 88% year-on-year rise in revenue to ₹251.3 crore, while profit after tax increased 43% to ₹25.2 crore. Despite these strong numbers, buying interest remained weak. Investors are now tracking margins, valuation…
Pentagon Awards $560M Loan to Sunrise Energy for World’s First Scandium Mine in NSW
Pentagon invests $560 million in Sunrise Energy Metals’ Syerston Scandium Project in NSW to counter China’s control of rare earth supply. Project targets aerospace and defence demand.