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New Delhi: Shares of Apollo Micro Systems Limited will be on investors' radar as the company today announced that it has been formally shortlisted and empanelled by the Indian Air Force (IAF) as a prime development agency for the Indigenous Precision Range Extension Kit (IPREK) programme, under the Make-II (Industry Funded) category of India's Defence Acquisition Procedure 2020 (DAP-2020). The development holds significance as it comes days after the company was awarded a Make-II Prototype Sanction Order (PSO) by the Indian Navy for the development of SAVIOR-ASW, a Semi-Submersible Autonomous Vessel for Intelligence, Operations, and Reconnaissance.  Commenting on the development,…

Mumbai: When people have surplus money, one question often comes up: should they invest it to build wealth or use it to repay an existing loan faster? While both options can strengthen one's financial position, there isn't a universal answer. The right choice depends on factors such as the type of loan, expected investment returns, financial goals, tax implications and personal circumstances. According to Mayank Prakash, Co-Founder & Director, aarthiq, a broad way of thinking about this decision is by comparing the loan's interest rate with what one might reasonably expect from investing on a post-tax basis. "Beyond that, factors…

Mumbai: Benchmark indices Sensex and Nifty ended the volatile trading session in the red as investors remained cautious ahead of key central bank policy meetings this week. The 30-share BSE Sensex closed 69.86 points or 0.09 per cent lower at 76,765.92. During the day, the benchmark hit a high of 76,988.48 and a low of 76,672.77, gyrating 315.71 points. The 50-share NSE Nifty was down by 10.60 points or 0.04 per cent and ended the session at 23,985.35. The broader market ended the session mixed. While the BSE MidCap Select Index gained 64.13 points or 0.35 per cent, the BSE…