Demanding that the contract for the Rs 3600 crore VVIP chopper deal be scrapped in the wake of bribery charges, CPI(M) on Wednesday said it would seek the government's response on the issue in the upcoming Budget Session of Parliament. "The contract for the helicopters should be cancelled. The CBI investigations should be supervised by the Supreme Court and only then the people will have the confidence that we will...
05:24 PM, Feb 13, 2013
Describing the Italian chopper deal as one having the "makings of a second Bofors scam", BJP on Wednesday asked the government as to how long it will "protect" bribe-takers and said it will raise the issue strongly during the Budget Session of Parliament. The main opposition also demanded that the helicopter deal should be reviewed and the supply of the remaining nine choppers be stopped till all doubts are cleared....
05:04 PM, Feb 13, 2013
Rejecting charges that it was not proactive in probing allegations of kickbacks in the Rs 3600 crore VVIP chopper deal, Government today said it would act only according to the law and not to please the Opposition in this case. ...
03:04 PM, Feb 13, 2013
Central Bureau of Investigation (CBI) will soon begin its probe into the alleged payment of Rs 362 crore bribe in India by an Italian defence firm AgustaWestland to clear a Rs 3,546 crore helicopter deal for ferrying VVIPs. The agency on Wednesday received a complaint from the Defence Ministry seeking a probe in the alleged kickback given in the procurement of 12 helicopters produced by Finmeccanica's subsidiary AgustaWestland, CBI sources...
02:41 PM, Feb 13, 2013
Describing the Italian chopper deal as one having the "makings of a second Bofors scam", the Bharatiya Janata Party (BJP) on Wednesday sought to know why the government has not taken any action on the matter till now and said it will raise the issue strongly during the Budget Session of Parliament. The main Opposition also demanded the helicopter deal be reviewed and the supply of the remaining nine choppers...
02:31 PM, Feb 13, 2013
Aeromatrix, an IT company in Chandigarh, has come under scanner after the tainted Italian chopper deal came to light. Its CEO Praveen Bakshi says his firm is not involved in any kickbacks and they are only a vendor providing engineering services to AgustaWestland. ...
02:10 PM, Feb 13, 2013
Under fire over allegations of kickbacks in the Rs 3,600 crore VVIP chopper deal, government today asserted that nobody found guilty will be spared and if wrongdoings were found by the CBI, the contract can be scrapped. "Nobody will be spared whatever may be the consequences," Defence Minister AK Antony told reporters on the alleged Italian chopper scam. ...
11:55 AM, Feb 13, 2013
Defence Minister AK Antony on Wednesday warned of action against those involved in the chopper deal with Italy's Finmeccanica and said, "Whoever is found guilty in the Italian chopper deal will have to pay the price and nobody will be spared." ...
11:43 AM, Feb 13, 2013
Former Air Chief Marshal Sashi P Tyagi, who is facing corruption allegations in the Rs 3,546 crore chopper deal with Italy's AgustaWestland, on Wednesday denied having any involvement in the case and said changes in the helicopter tender were made before his tenure started. He, however, said he is ready for an inquiry into the bribery case that led on Tuesday to the arrest of Giuseppe Orsi, CEO of Finmeccanica,...
11:11 AM, Feb 13, 2013
The Defence Ministry on Wednesday talked tough over the corruption allegations in the 2010 Italian helicopter deal. Defence Minister AK Antony said the government has ordered a Central Bureau of Investigation enquiry and that nobody will be spared. ...
10:25 AM, Feb 13, 2013
A day after the Italian police arrested defence major Finmeccanica's CEO Giuseppe Orsi in an ongoing corruption inquiry, there are more details emerging. Reuters now reports that three cousins of former Indian Air Force Chief SP Tyagi allegedly helped twist rules in a helicopter tender won by AgustaWestland. ...
09:04 AM, Feb 13, 2013
A day after the Italian police arrested defence company Finmeccanica's CEO Giuseppe Orsi in an ongoing corruption inquiry, there are more details emerging. Reuters now reports that three cousins of former Indian Air Force Chief SP Tyagi allegedly helped twist rules in a helicopter tender won by AgustaWestland. ...
08:05 AM, Feb 13, 2013
In a big development in Italy that may have huge repercussions in India, the head of Italian defence group Finmeccanica, the owners of AgustaWestland, has been arrested over ongoing corruption investigations into his group. ...
06:38 PM, Feb 12, 2013
Italian police arrested the head of Italian state-controlled defence group Finmeccanica SpA on February 12 in a corruption probe centred on the sale of helicopters to the Indian government, a judicial source said. Finmeccanica Chief Executive and Chairman Giuseppe Orsi was arrested for alleged bribes paid to secure the sale of 12 AgustaWestland executive aircraft when he was head of the Finmeccanica helicopter unit, the source said. ...
03:20 PM, Feb 12, 2013
Enhancing cooperation in the key areas of defence, nuclear energy, counter-terrorism and trade will be focus of French President Francois Hollande's first visit to New Delhi but $ 10-billion deal for Rafale fighter aircraft will not be inked during his two-day stay starting Thursday. ...
06:17 PM, Feb 11, 2013
French Foreign Minister Laurent Fabius said on February 11 that talks with India to finalise the purchase of French Rafale war planes were looking up. ...
11:57 AM, Feb 11, 2013
Directed by filmmaker Sivagnanam, 'Deal'has Karthika Nair playing the female lead. ...
11:01 AM, Feb 11, 2013
The government also agreed that the caretaker administration would be chosen in consultation with all parties. ...
09:16 AM, Jan 18, 2013
Automakers on Thursday said the government decision to allow "small" hikes in diesel prices was a step in the right direction although it could have some impact on sales. ...
07:29 PM, Jan 17, 2013
Franco-American telecoms equipment maker Alcatel-Lucent SA has won an eight-year deal valued at more than $1 billion to manage Indian carrier Reliance Communications Ltd's networks in the east and south of the country. ...
02:51 PM, Jan 16, 2013
