DEFENCE DEALS

  • Pakistan to boost cooperation with China July 8, 2013

    Beijing: Visiting Pakistani Prime Minister Nawaz Sharif said on Sunday that his government would promote PakistanChina partnership by implementing cooperation projects. The cooperation achievements made by Pakistan and China's Guangdong province reflect the profound friendship between people of the two nations, reported Xinhua citing Sharif while visiting the province. On this occasion,...
  • L&T eyeing defence orders worth up to $ 1.4 billion June 17, 2013

    New Delhi: Larsen & Toubro Ltd is competing for defence contracts worth up to Rs 8,000 crore that will be awarded in the next few months, MV Kotwal, president of the company's heavy engineering department, said on Monday. It has bid for four contracts from the Indian coast guard to supply...
  • 'INS Vikramaditya could be handed over by December' May 25, 2013

    Panaji: Longdelayed aircraft carrier INS Vikramaditya is undergoing trials and could be in India by December, Russian ambassador Alexander Kadakin said Friday. The Russian ambassador also complained that the delay in handing over of the Russian aircraft carrier to India was being written about extensively, as compared to the fiveyear...
  • Pipavav Defence in talks with DCNS for tieup April 17, 2013

    New Delhi: Pipavav Defence and Offshore Engineering Company Ltd (PDOECL) is in "advanced stages" of discussions with DCNS for a strategic partnership, which may include selling some stake to the French defence major. "We are at an advanced stage of discussion with the French company, DCNS, a world renowned warship...
  • Govt's Rs 1500 crore Rafale deal faces delays April 5, 2013

    New Delhi: India's plan to buy 126 fighterjets from Dassault Aviation could be delayed as the two sides struggle to reach an agreement over the role of staterun Hindustan Aeronautics Ltd (HAL), two sources familiar with the matter said. India picked the Dassaultmade Rafale jet for exclusive negotiations in January...
  • BJP questions 'shift' in defence procurement policy March 24, 2013

    New Delhi: Defence Ministry's move to have 'life cycle cost' clause in tenders for military hardware, including in one for the 126 MultiRole Medium Combat Aircraft (MMRCA), has come in for questioning from BJP which fears this could be misused for corruption. BJP leader and former Finance Minister Yashwant Sinha has...
  • AgustaWestland middleman Michel was involved in Mirage deal February 15, 2013

    CNNIBN has accessed court judgement delivered by the commercial court of Paris, throwing more questions against Michel. ...
  • Bribes are still a reality in India's defence deals: Surya Gangadharan February 14, 2013

    CNNIBN's Surya Gangadharan joined IBNLive readers for an interaction on the Agusta Westland chopper deal. Q. Is corruption a part of defence deals in India? Asked by: Priya A. Corruption does seem to dog defence deals in this country. Beginning with Bofors 30 years ago to today's helicopter...
  • Russian fund, SBI to invest $2 billion in projects December 25, 2012

    New Delhi: Russian Direct Investment Fund (RDIF), a sovereign wealth fund, and the State Bank of India will jointly invest up to $2 billion to promote trade and economic cooperation projects, the Russian fund said in a statement on Monday. The agreement, under which the two sides would invest up to...
  • Army ready to meet any contingency: Gen VK Singh May 8, 2012

    Thiruvananthapuram: Army Chief Gen VK Singh on Tuesday said the force was operationally prepared to meet any contingency, days after he highlighted major "shortcomings" in the country's defence preparedness. On corruption in defence deals, he said it was important to ensure probity and transparency. Speaking about defence preparedness of the country, the...
  • We were harassed for the sting: Aniruddha Bahal April 27, 2012

    New Delhi: Newsportal Tehelka.com's former journalist Aniruddha Bahal expressed happiness at the conviction of former BJP president Bangaru Laxman on Friday. Bahal was a part of the Tehelka.com team that carried out the sting operation in 2001. Recalling the sting operation by Tehelka in 2001, Bahal claimed that the people...
  • Arms sting: ExBJP chief Bangaru Laxman convicted April 27, 2012

    New Delhi: Former Bharatiya Janata Party (BJP) president Bangaru Laxman has been convicted under the Prevention of Corruption Act in the 2001 Tehelka sting case. A Delhi court convicted Bangaru on Thursday and announced that the sentencing would take place on Saturday. The court of special Central Bureau of Investigation (CBI)...
  • What's the Bangaru Laxman Tehelka sting case? April 27, 2012

    New Delhi: When Bangaru Laxman was the Bharatiya Janata Party (BJP) president, he was caught on camera allegedly taking bribe from fake arms dealers for facilitating a fictitious defence deal case. Bangaru was caught on camera accepting money in a 2001 sting operation conducted by newsportal Tehelka.com. The video CDs,...
  • Court to pronounce verdict in Tehelka sting case April 27, 2012

    New Delhi: A Delhi court will pronounce its verdict on the 11yearold Tehelka sting operation on Friday. The court will decide whether former BJP President Bangaru Laxman is guilty under the Prevention of Corruption Act for accepting a bribe of Rs 1 lakh from two Tehelka reporters who were posing...
  • 'Chargesheets filed in 13 defence deals post 2004' March 28, 2012

    New Delhi: The CBI on Wednesday said it has registered 18 cases related to Defence deals since 2004 out of which chargesheets have been filed in 13 while only two cases have been closed. "Since 2004, CBI has registered 18 cases related to Defence deals, against various public servants including some...
  • Have proof to back claim: Army Chief tells CBI March 28, 2012

    New Delhi: Army Chief General VK Singh has told the Central Bureau of Investigation (CBI) that he has hard evidence to back his bribery allegations related to the Tatra truck deal. Sources said that General Singh has promised the investigative agency of giving a written complaint by March 30. A...
  • Defence deal: Charges against Jaya Jaitley framed March 5, 2012

    New Delhi: A Delhi court on Monday framed charges against former Samata Party president Jaya Jaitley and two others in an alleged corruption case of 2001 relating to a defence deal. Jaitley, her erstwhile party colleague Gopal Pacherwal and retired Major General SP Murgai appeared before Special CBI Judge Kawal Jeet...
  • Obama eyes India's defence pie November 3, 2010

    Several multibillion dollar defence deals are on the cards during Barack Obama's visit to India. ...
  • Imprisoned Fonseka now loses parliamentary seat October 7, 2010

    Colombo: Sri Lanka's former army chief Sarath Fonseka's brief stint as an MP has come to a sudden end in the wake of his 30month imprisonment for corruption in defence deals, amid reports that the President may consider pardoning him if a plea is made personally by him or a...
  • US may sell 145 Howitzers to India for $647million January 28, 2010

    Washington: The Pentagon has notified the US Congress of a possible sale of 145 stateoftheart M777 155mm lightweight towed Howitzers to India worth $647 million. Describing India as an important force for "political stability, peace, and economic progress in South Asia", the Defence Security Cooperation Agency told the Congress: "India intends...
  • India pays $1.6 bn for warship, Russian wants more April 21, 2009

    Moscow: Russia will ask India to pay far more that originally agreed for a refurbished Sovietera aircraft carrier that is already a year overdue, the firm overhauling the ship said on Tuesday. India, a key buyer of Russian arms such as tanks and fighter jets, in 2004 signed a $1.6 billion...
  • US clears decks for biggest defence deal with India March 18, 2009

    New Delhi: The US is clearing the decks for its biggest ever defence deal with India. The $2.1billion order for eight naval spy planes is with the US Congress. This was the door opener the US was looking for to breach a market dominated by Russia for six decades. The American...
  • Blackmail won't work, India may dump Gorshkov deal November 17, 2008

    New Delhi: "Pay up $2 billion more for the aircraft carrier Gorshkov, or else we call off the deal" that was the Russian threat on Friday. But if the Russians had expected the Indians to whimper and comply, they were sadly mistaken. Former Indian Navy chief, admiral (Retd) Arun Prakash...
  • Ndeal, defence sales different channels: Rice October 4, 2008

    Washington: Brushing aside the notion that the IndoUS civil nuclear deal smoothens the way for American defence sales, Secretary of State Condoleezza Rice has said the military deals are being discussed through "another channel" which will continue as well. "No" replied Rice when asked by reporters if the civil nuclear agreement...
  • India set to review defence ties with Russia September 29, 2008

    New Delhi: India is set to review its defence ties with traditional partner Russia in New Delhi on Monday. A megadeal for the purchase of an additional 29 Russianmade MiG29Ks for the Indian Navy is on the cards. The Defence Ministers of India and Russia will jointly chair a meeting after...
  • India to flag off biggest aircraft deal ever April 28, 2008

    New Delhi: India is flagging off its biggestever defence deal for the purchase of 126 fighter aircraft. This has the makings of the most fierce dogfight in the international arms bazaar. Leading defence contractors are submitting bids on Monday to bag the $10billion deal. At the receiving end of western...
  • Antony says ban on middlemen in defence deals to stay February 17, 2008

    New Delhi: The Union Defence Minister AK Antony has sent a tough message to middlemen saying that the ban on them in defence deals will stay. "The government stand is very clear. There is no question of middleman in any defence case," Antony said. Antony tried to defend the integrity of...
  • No middlemen in defence deals, minister talks tough February 16, 2008

    New Delhi: On the opening day of India's biggest defence exhibition in New Delhi on Saturday, Defence Minister A K Antony tried to defend the integrity of the defence procurement process and made clear that the ban on middlemen in defence deals will stay. The message comes even as India looks...
  • Antony snubs Navy Chief over ties with Russia December 8, 2007

    New Delhi: India's Defence Minister, A K Antony has overruled the Chief of the Naval Staff, Admiral Sureesh Mehta saying that there is no need for a review of defence ties with Russia. Speaking in Pokhran, the Defence Minister said that there was also no need to review the supplies of...
  • Russia hikes aircraft price, India refuses to buy it December 1, 2007

    New Delhi: India will not give in to the Russian demand for a $1.2 billion price hike for the aircraft carrier, Admiral Gorshkov, Navy Chief Admiral Sureesh Mehta has said in an exclusive interview to CNNIBN. Indicating a hardening of stance against the traditional arms supplier, Mehta said India will...