Emkay Global said India has made unprecedented strides in the defence sector over the past decade, driven by strong policy focus on self-reliance and domestic manufacturing.

TechM posted an in-line operating performance in Q4. Revenue grew 0.9% QoQ to USD1.63bn (up 0.6% CC), a tad ahead of our estimates. EBITM expanded by ~70bps QoQ to 13.8%, marking the 10th consecutive ...