Iran says replaced air defence systems damaged during Israel war
Israel launched an unprecedented surprise bombing campaign against Iran in mid-June, prompting Tehran to respond with drone and missile attacks.
Explore courses from Top Institutes in
Select a Course Category
Leadership
Project Management
Public Policy
Others
Data Analytics
Technology
Cybersecurity
CXO
Artificial Intelligence
MBA
PGDM
Finance
Digital Marketing
MCA
healthcare
Product Management
Operations Management
Degree
Data Science
Healthcare
Management
others
Data Science
Design Thinking
Skills you'll gain:
Duration:
18 Weeks
109820388
Strategic Marketing for Leaders: Leveraging AI for Growth
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
11 Months
IIM Lucknow
CERT-IIML SLP India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
10 Months
IIM Indore
Executive Programme in Business Management
Starts on
undefined
Get Details
Skills you'll gain:
Opportunities & Outlining Plans to use AI & ML
Applying Data-Driven Business Innovation Best Practices
Changing Culture to Integrate AI-Enabled Technologies
Ethics, Privacy and Regulations in AI & ML
Duration:
20 Weeks
Indian School of Business
ISB Leadership in AI
Starts on
May 14, 2024
Get Details
Skills you'll gain:
Critical Thinking & Decision-Making Skills
Power of Emerging Technologies
Innovation and Drive Organizational Change
Fostering a Culture of Innovation
Duration:
9 Months
MIT xPRO
MIT Technology Leadership and Innovation
Starts on
May 14, 2024
Get Details
Skills you'll gain:
Duration:
10 Months
IIM Kozhikode
CERT-IIMK-Women Leadership Programme INDIA
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
12 Weeks
IIM Kozhikode
CERT-IIMK EPIS Async India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
22 Weeks
Indian School of Business
SEPO - ISB Venture Capital & Private Equity India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Kozhikode
Senior Management Programme
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Kozhikode
SEPO - IIMK CEO Programme India
Starts on
undefined
Get Details
Skills you'll gain:
Strategic Thinking & Planning
Competitive Advantage & Market Positioning
Strategic Leadership & Decision-Making
Change Management & Organizational Transformation
Duration:
1 Year
IIM Kozhikode
IIMK Advanced Strategic Management Programme
Starts on
Mar 30, 2024
Get Details
Skills you'll gain:
Financial Accounting & Analysis
Financial Instruments & Markets
Corporate Finance & Valuation
Investment Management & Banking
Duration:
12 Months
IIM Kozhikode
IIMK Professional Certificate in Financial Analysis and Financial Management
Starts on
Mar 30, 2024
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Kozhikode
Advanced Strategic Management Programme
Starts on
undefined
Get Details
Israel's strikes dealt a significant blow to the Islamic republic's air defences, which were repeatedly activated in the capital Tehran and across the country throughout the war.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas Prices In Dubai Might Be More Affordable Than You Think
Villas In Dubai | Search Ads
Get Quote
"The Zionist enemy sought to destroy Iran's defense capabilities, and some of our defense systems were damaged in that war," army operations chief Mahmoud Mousavi was quoted as saying by the official IRNA news agency.
"The damaged defence systems have now been replaced," he added.
Live Events
Iran's air defence network includes systems like the domestically built Bavar-373 and Khordad-15, designed to counter missiles and aircraft. Iran also installed Russia's S-300 air defense systems in 2016.
The war with Israel killed more than 1,000 people in Iran, while Iranian fire killed at least 28 people in Israel, according to authorities in each country.
Israel's attacks targeted military infrastructure and nuclear facilities across Iran.
On June 22, Israel's ally the United States also carried out unprecedented strikes on Iranian nuclear sites at Fordo, Isfahan and Natanz.
The full extent of the damage to Iran's nuclear programme remains unclear.
US President Donald Trump has insisted the sites were "completely destroyed", but US media reports have cast doubt on the severity of the damage.
On Friday, NBC News, citing a military damage assessment, reported that only one of the three sites was mostly destroyed.
A ceasefire between Iran and Israel has been in effect since June 24.
After the truce was announced, Israeli Prime Minister Benjamin Netanyahu vowed to prevent Iran from rebuilding its nuclear capabilities, raising the prospect of renewed conflict.
Earlier in July, Israeli Defence Minister Israel Katz said Israel was formulating a plan to "ensure that Iran cannot threaten Israel again."
Katz said the military had to maintain its "air superiority over Tehran, the ability to enforce restrictions on Iran and prevent it from rebuilding its capabilities".
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
16 minutes ago
- Time of India
Best gilt mutual funds to invest in July 2025
Mutual fund advisors are recommending gilt funds to 'aggressive' or 'sophisticated' debt investors as they believe that gilt funds are likely to offer superior returns when the RBI may start cutting interest rates. They say gilt funds have the potential to offer double-digit returns in a falling interest rate scenario. If you want to benefit from a likely fall in interest rates, you may take a close look at gilt mutual funds . However, be forewarned: gilt funds are risky and they are extremely sensitive to changes or likely changes in the interest rate scenario. That is why these schemes are recommended to only informed investors who are ready to take risk and have a long investment horizon. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Data Science MBA Leadership Healthcare Data Analytics PGDM Digital Marketing Management Cybersecurity Degree Finance Others Technology MCA Public Policy Design Thinking Artificial Intelligence others Project Management Data Science Product Management Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Also Read | IEX: Mutual funds slash stake while FPIs and retail investors raise exposure in June quarter Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Shop Sale Libas Undo Gilt funds are not recommended to regular debt investors because they are risky and volatile. Gilt funds suffer the most when the rates go up. The bond prices and yields move in opposite directions. When the rates go up, bond prices come down. This drags down the NAVs of schemes. What are gilt mutual funds? Gilt funds are debt mutual funds that invest in government-securities or G-secs. As per Sebi norms, these schemes must invest 80% of their corpus in government securities. As you see, these schemes invest in government papers or they lend to the government. Therefore, they don't have any credit risk or they face zero defaults. However, they are extremely sensitive to interest rate changes. Live Events These factors make investing in gilt funds extremely tricky. You should be well-informed about interest rate changes in the economy. For example, interest rates are supposed to go up in a few months. And interest rate cycles usually last for a few years. As said earlier, this will have an adverse impact on gilt schemes. Also Read | Can Rs 1 lakh become Rs 1 crore in 3 decades? These 6 equity mutual funds just did that Does that mean you should not invest in these schemes? Not really. But you should invest only if you have the time to wait for the interest rate cycle to turn around. This will help investors to benefit from soft interest rates. These schemes have the potential to offer double-digit returns when rates start falling or in anticipation of interest rate falls. Here are our recommended gilt schemes. Nippon India Gilt Securities Fund has been in the third quartile for the last 11 months. The scheme had been in the fourth quartile earlier. Aditya Birla Sun Life Government Securities Fund has been in the third quartile for the last 15 months. Bandhan Government Securities Fund has been in the second quartile in the last two months. The scheme had been in the third quartile earlier. Please follow our monthly updates to keep track of your investments. Best gilt funds to invest in July 2025: Nippon India Gilt Securities Fund Bandhan G-Sec Fund SBI Magnum Gilt Fund ICICI Prudential Gilt Fund Aditya Birla Sun Life Government Securities Fund Methodology: has employed the following parameters for shortlisting the debt mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H. i)When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast. ii)When H <0.5, the series is said to be mean reverting. iii)When H>0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X =Returns below zero Y = Sum of all squares of X Z = Y/number of days taken for computing the ratio Downside risk = Square root of Z 4. Outperformance: Fund Return – Benchmark return. Rolling returns rolled daily is used for computing the return of the fund and the benchmark and subsequently the Active return of the fund. Asset size: For debt funds, the threshold asset size is Rs 50 crore
Time of India
19 minutes ago
- Time of India
Buy, Sell or Hold: Motilal Oswal remains neutral on Bajaj Finance; Antique raises Canara Bank's target price
Brokerages remain selectively optimistic on Indian equities, focusing on sectoral resilience and earnings visibility over the next 12 months. Recent stock updates reflect divergent views across financials and specialty chemicals. While Motilal Oswal is cautious on Bajaj Finance due to MSME headwinds and limited valuation upside, it acknowledges the company's stable core performance and strong return metrics. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Cybersecurity Design Thinking PGDM Digital Marketing Data Science Public Policy others Data Science Degree CXO Management Finance Healthcare MCA Leadership Artificial Intelligence Project Management MBA Data Analytics Operations Management Others Product Management Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details In contrast, Antique is upbeat on Canara Bank , citing strong other income and sustained return ratios, leading it to raise earnings estimates and the target price. Meanwhile, Nuvama sees tailwinds for SRF , supported by a capex revival and continued strength in its specialty chemicals business, prompting a higher target price and a positive growth outlook. Brokerage Recommendations Snapshot Motilal Oswal on Bajaj Finance: Neutral | Target Price: Rs 1,000 Motilal Oswal has maintained a 'Neutral' rating on Bajaj Finance with a target of Rs 1,000. The brokerage noted that while the company's core performance remains steady, challenges in the MSME segment persist. Credit costs are expected to stay below the guided upper limit, offering some comfort. PAT estimates for FY26 and FY27 remain largely unchanged. The firm projects a 24% CAGR in AUM and a 25% CAGR in PAT over FY25–27, with estimated RoA of ~4.1% and RoE of ~21% by FY27. Antique on Canara Bank: Buy | Target Price: Rs 140 (from Rs 135) | LTP: Rs 113 | Upside: 23% Antique has reiterated a 'Buy' rating on Canara Bank, raising its target to Rs 140, implying a 23% upside from the current market price of Rs 113. Despite a miss on Net Interest Income (NII), the bank delivered a PAT beat, driven by strong other income. RoA remains above 1% and is expected to sustain in FY26–27. Antique revised its earnings estimates upward by 11% for FY26 and 3% for FY27. Nuvama on SRF: Buy | Target Price: Rs 3,622 (from Rs 3,393) | LTP: Rs 3,144 | Upside: 15% Nuvama has reaffirmed a 'Buy' rating on SRF and raised its target price to Rs 3,622, indicating a 15% upside. The bullish outlook is supported by signs of a capex revival and strong performance in specialty chemicals. The BOPP segment also remains strategically important. SRF has planned capex of Rs 2,400–2,500 crore for FY26E and maintains a 20% growth guidance for its chemicals business amid improving demand sentiment. ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
Time of India
an hour ago
- Time of India
Why Multi-asset funds are a smart choice in current market environment
In a volatile market environment, diversifying across asset classes using multi-asset funds can be an effective strategy, as they offer exposure to a mix of equities, debt, and gold/silver within a single investment, says Viraj Gandhi , CEO, SAMCO Mutual Fund . "This diversified approach helps cushion the portfolio during market downturns while still allowing participation in upside movements," he says in an interview. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Design Thinking Finance Operations Management Healthcare Artificial Intelligence Management Public Policy Product Management Data Science Data Analytics healthcare Cybersecurity Others Digital Marketing Leadership MBA others Project Management Data Science Degree CXO PGDM Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Desert Order Undo Edited excerpts from a chat: Nifty is trading at a premium to historical averages. Are valuations becoming a headwind or is strong earnings growth enough to justify current multiples? Nifty is currently trading at around 22.5x TTM which is a very minimal premium to historical averages. In fact, Nifty has faced a time and a price correction since the start of the year, which has significantly tamed down valuations and made some stocks relatively cheaper in the largecap space. That said, overall earnings growth hasn't fully picked up yet. We may still be a few quarters away from seeing strong, broad-based earnings. Until then, the market might stay selective, rewarding only those companies showing clear growth. Live Events The market has been caught in a consolidation range for the last 2 months amid lack of positive triggers. What can make or break the deal for bulls going ahead? For bulls to take charge again, a few key factors will be critical. An improvement in corporate earnings and supportive global cues such as a potential US rate cut or easing geopolitical tensions could provide the much-needed boost. On the flip side, any disappointment in earnings, high valuations without corresponding growth, or global headwinds like sticky inflation or geopolitical shocks could weigh on this sentiment. India has seen record SIP inflows and retail participation. Is this depth sustainable in the next correction? In June 2025, SIP inflows reached a record high of ₹27,269 crore, according to the Association of Mutual Funds in India (AMFI). This represents a 2.2% increase compared to the previous month's inflow of ₹26,688 crore. The number of contributing SIP accounts also rose, reaching 8.64 crore in June, up from 8.56 crore in May. This growing monthly SIP inflows number highlights the growing maturity of the retail investors as this steady inflow has provided a strong cushion for the markets, especially during phases of global volatility. Many first-time investors have entered the markets post Covid , largely driven by rising financial awareness, better digital access, and strong past returns. While this is encouraging, it also means a large segment of investors has yet to experience a sharp or prolonged market downturn. This could test their resolve, especially if corrections extend beyond a few weeks and start affecting portfolio returns more visibly. That said, the shift towards disciplined investing through Systematic Investment Plans (SIPs) and the growing popularity of mutual funds indicate that a core segment of investors is here for the long term. Even if we see some dip in the flows during corrections, it is likely to be temporary. The overall trend of rising domestic participation is expected to continue, driven by favorable demographics, under-penetration of financial products, and increasing trust in market-linked instruments. In essence, while some short-term impact is possible, the structural depth looks sustainable. Are there specific sectors or themes that you believe are positioned for strong growth or present heightened risks in the current environment? In the current environment, financial services, pharmaceutical and healthcare stand out as sectors positioned for strong growth. What are the biggest risks domestic investors should be aware of while navigating today's markets? In the current market environment, geopolitical risk stands out as one of the biggest concerns for domestic investors. With escalating tensions in the Middle East and the looming August deadline for the implementations of tariffs by President Donald Trump , any flare-up in these areas could create significant volatility, not just globally, but also in Indian markets. With heightened market volatility, what approaches or strategies do you recommend for investors trying to manage risk and capitalize on market opportunities? In a volatile market environment, it's important for investors to strike a balance between managing risk and capturing potential opportunities. One effective strategy is to diversify across asset classes rather than relying solely on equities. Multi-asset funds can be a smart choice in this regard, as they offer exposure to a mix of equities, debt, and gold/silver within a single investment. This diversified approach helps cushion the portfolio during market downturns while still allowing participation in upside movements. Given the correction in the last few weeks, do you see some opportunities in defence stocks? Defence stocks have seen a strong rally recently, especially after the Pahalgam attack, as investor interest in the sector picked up. The broader theme remains intact over the long term, driven by increasing indigenization efforts and a clear push to reduce reliance on foreign suppliers for defense equipment. Government initiatives, rising defense budgets, and strong order pipelines for key players add further support to the sector's outlook. While some profit booking has been observed in the last few days, which is natural after a sharp run-up, the long-term story still looks promising. In the short term, valuations may seem stretched, and some consolidation can't be ruled out. However, for investors with a longer horizon, defense remains a structural growth theme with potential for steady returns as India continues to build its domestic capabilities. Expectations from Q1 earnings are low. Which pockets of the market do you think can surprise you? Broadly, Q1 could be muted on expectations. Capital goods and infra could positively surprise if operating leverage might start to kick-in, banks may do better due to lower credit costs and autos might surprise due to softening raw material prices.
