They said the decision to retract the RFP was taken after the DRDO expressed confidence of producing the ATGMs.
The deal was cancelled a few weeks ahead of Netanyahu's visit to India and its renewal is considered to be a major strategic achievement.
The MRSAM is amongst the most lethal surface-to-air missiles in service anywhere.
India has decided to buy 8,356 Spike anti-tank guided missile and 321 launchers from Israel for Rs 3,200 crore, rejecting US offer of Javelin missiles that Washington was lobbying hard for.
In a mega-contract worth over $1.6 billion, state-owned Israel Aerospace Industries will provide advanced medium-range surface-to-air missile systems to the Indian Army.
With the fight now having been taken to the seizure of nuclear plants, it is one more warning to Europe that this prolonged war could end up with disastrous consequences, observes Rashme Sehgal
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
With a combination of both physical and virtual exhibition, the 13th edition of the biennial international event at Air Force Station Yelahanka will be the world's first hybrid aerospace show.
The defence ministry is finalising a decision to allow the FGM-148 Javelin missile, built by US companies Lockheed Martin and Raytheon, into a contest to supply the Indian Army with anti-tank guided missiles. This is bad news for Israelis
The success of Anil Ambani's ambitious defence plan will depend partly on whether he can persuade government officials and international partners that he can build sophisticated equipment and partly on whether the PM can get India's notoriously slow procurement process to work, say Paritosh Bansal, Sanjeev Miglani and Promit Mukherjee.
While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Modi's visit is aimed at commemorating 25 years of establishment of diplomatic ties between the two countries.
An industrial house bred in old-school manufacturing values, Godrej & Boyce has displayed unusual agility to become a trusted builder of advanced weaponry, discovers Ajai Shukla.
News of all that's transpired on and off the football field
Rafael Nadal is recovering satisfactorily from appendicitis and will continue a course of antibiotics in a bid to be fit for the remainder of the 2014 season, the World No 2's spokesman said on Thursday.
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