The defence ministry has scrapped the Rs 2,700 crore deal for acquiring two minesweeper vehicles from a South Korean firm after it was found that there were violations of tender conditions as agents were in the play.
After India scrapped a contract for procuring VVIP choppers from AgustaWestland, American firm Textron on Friday said it is ready to offer its unique V-22 Osprey helicopter to India for ferrying its dignitaries.
The Anglo-Italian firm said that the defence ministry had no right to unilaterally suspend the contract for the 12 VVIP choppers. The firm added that it has since April been requesting the ministry to hold discussions on the issue, but there has been no response from the government
TCS has been Three UK's partner for 15 years, working with a variety of business units and has been instrumental in supporting the company's ambition of becoming the world's first telco to host all its applications entirely on the public cloud.
"Have just got the good news that due to the hard work of our teams and your cooperation, a consensus has been reached on New Delhi G20 Leaders Summit Declaration," Modi said while addressing the second session of the Summit at the Bharat Mandapam in New Delhi.
The CBI also carried out searches at the residence and office of controversial arms dealer Sanjay Bhandari in connection with the deal
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
Under the deal, Israel would suspend its plans to annex large parts of the occupied West Bank.
An Italian court on Friday allowed Indian authorities to question alleged middleman Guido Hashcke in the chopper scam case, which is being heard in that country.
Facing the prospect of cancellation of its Rs 3,600 crore deal to supply 12 VVIP choppers to the IAF, AgustaWestland has sought a meeting with the defence ministry to explain its stand on the issue.
The defence ministry has put on hold all existing and future deals with Rolls Royce pending a CBI probe ordered into allegations of bribery and engaging middlemen in contracts worth Rs 10,000 crore for supply of aircraft engines to state-owned HAL.
Wipro Technologies and Excelergy Corporation have signed a partnership agreement to jointly market, deploy and integrate the complete line of Excelergy platforms, including the CustomerPoint CIS/CRM solution.
The central government has already rejected the NSCN-IM's demand for unification of Naga inhabited areas -- located in Manipur, Arunachal Pradesh and Assam.
The US has deployed its naval carrier strike group, led by the nuclear-powered aircraft carrier USS Ronald Reagan, as well as a fleet of F-18 fighter jets and E-2C Hawkeye all-weather aircraft for the exercise, officials said. The Indian assets at the exercise included Jaguar and Sukhoi-30MKI fighter jets, IL-78 air-to-air refuelling tanker aircraft, Airborne Warning and Control System aircraft and warships Kochi and Teg. The Indian Navy has also deployed a fleet of P8I maritime surveillance aircraft and MiG 29K jets, apart from other platforms.
India on Tuesday signed a key pact with the Philippines for the sale of 'defence material and equipment', which are likely to include BrahMos cruise missiles.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
Italian firm Agusta Westland on Monday withdrew its lawsuit from the Delhi High Court filed against India's decision to encash over Rs 250 crore in bank guarantee following the scrapping of the Rs 3600-crore VVIP helicopter deal over bribery allegations.
Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's Posco to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement on Thursday, Adani Group said the investment under the MoU is estimated to be up to $5 billion.
A comparative analysis of the two companies' rankings on three parameters reveals why ONGC slipped in ranking
To consider Pervez Musharraf a real force for peace is an absurdity, declares Ambassador T P Sreenivasan.
India may not be prepared to meet US demands, say experts
Wipro Technologies has entered into a strategic alliance with Magnasoft to provide global information system (GIS)-based fleet management solutions for the transportation sector.
After the Union comptroller and auditor-general saying there'd been a loss of Rs 10.67 lakh crore in allotment of coal blocks, the draft Request For Proposal (RFP) for new allocations has strong clauses for cancellation for breaches on this count.
Armed with fresh details on the alleged kickbacks, India has initiated steps to cancel the Rs 3,600 crore-chopper deal with Anglo-Italian firm AgustaWestland by issuing a show cause notice to it in this regard.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced the buyout of British battery maker Faradion Ltd for an enterprise value of 100 million, as the oil-to-retail conglomerate continued with the acquisition of end-to-end technology for its multi-billion-dollar clean energy portfolio. Reliance New Energy Solar Ltd (RNESL), a unit of the nation's most valuable company, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of 100 million and will invest an additional 25 million as growth capital to accelerate the commercial roll-out, the company said in a statement. Based out of Sheffield and Oxford in the UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.
QNX Software Systems and Hughes Software Systems Ltd formed an alliance to offer integrated solutions to the telecom space.
Billionaire Mukesh Ambani's Reliance Industries has signed a pact to invest an undisclosed amount in a giant petrochemical hub being built in the UAE. The oil-to-telecom conglomerate will join the recently-formed Ta'ziz joint venture of Abu Dhabi state energy giant Adnoc and state holding company ADQ for developing the Ruwais Derivatives Park in western Abu Dhabi. A company statement said an agreement has been signed for Reliance to invest in the project but did not give details. Unconfirmed reports put the investment at about $1.5 billion.
Under the India-China agreement on the disengagement process in eastern Ladakh, the Chinese army will pull back its troops to east of Finger 8 areas in the northern bank of Pangong lake, Defence Minister Rajnath Singh said in Parliament on Thursday, in what is seen as a significant step to dial down tensions in the key face-off site.
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
Nepal witnessed political turbulence in 2022 that dramatically turned rivals into allies and throned former guerrilla leader Pushpa Kamal Dahal 'Prachanda' as the prime minister for a third time, as Kathmandu made efforts to balance ties with immediate neighbours India and China with high-profile talks and visits.
BusinessObjects, a provider of business intelligence products and solutions, on Monday announced its tie-up with Wipro Infotech aimed at strengthening the latter's position in the business intelligence market
With references to politicians and bureaucrats coming up in the chopper scam trial in Italy, the Defence Ministry is expected to seek clarifications on the issue from alleged middleman Guido Haschke during the next hearing of the case there.
The defence ministry will review all cases of blacklisted firms as it prepares a new list of such entities following the new policy unveiled by it which is a mixture of heavy fines and graded banning.
The two communication platform, AdvancedTCA and MicroTCA, with carrier grade linux and VxWorks runtimes would work to help its various clients.
Taking Indo-Chinese co-operation in the oil sector a step forward, the country's biggest oil refiner and retailer, Indian Oil Corporation, has signed a memorandum of understanding with integrated Chinese national oil company Sinopec.
Italian prosecutors have "shelved" proceedings against defence major Finmeccannica, the parent firm of AgustaWestland, saying it had nothing to do with the alleged corruption in India's Rs 3,600-crore deal to procure 12 VVIP helicopters, Italian news agency Ansa reported.
Severely critical of China, Pompeo, cited killing of Indian Army personnel in the Galwan Valley in eastern Ladakh in a clash with the Chinese military, and asserted that both India and the US are taking steps to strengthen cooperation against all threats and not just those posed by the Chinese Communist Party.
Last week, China's national legislature adopted the new law on the protection and exploitation of the land border areas, which could have bearing on Beijing's border dispute with India.
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