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
Senior Haryana IAS officer Ashok Khemka, who kicked up a political storm in 2012 when he alleged irregularities in the land dealings of Robert Vadra and DLF in the state, has asked the state government to give him a copy of the inquiry reports conducted by it. ...
03:55 PM, Jan 14, 2013
India and France will seek to step their civil nuclear cooperation and intensify economic ties when External Affairs Minister Salman Khurshid goes on a two-day visit to Paris starting Thursday. ...
02:45 AM, Jan 09, 2013
RSS mouthpiece Organiser has alleged that the government made Russian President Vladimir Putin's visit to India a low-key affair to keep under wraps the huge amount of arms sale agreement signed between the two countries. ...
02:40 AM, Jan 06, 2013
Barack Obama on Tuesday signed into law a landmark bill that allows a rare tax increase that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession. CNN-IBN's Surya Gangadharan joined IBNLive readers for an interaction over the deal. ...
06:15 PM, Jan 03, 2013
With a deal reached in Washington, leaders have avoided the fiscal cliff. But the agreement doesn't address all of America's problems. CNN's Christine Romans has more on what the fiscal cliff bill does not have. ...
10:43 AM, Jan 03, 2013
Pakistan on Thursday expressed its unhappiness over a just-concluded $2.9 billion arms deal between India and Russia, a media report said. ...
04:26 AM, Dec 28, 2012
Pakistan on Thursday expressed its unhappiness over a just-concluded $2.9 billion arms deal between India and Russia, a media report said. ...
09:29 PM, Dec 27, 2012
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. ...
05:13 AM, Dec 25, 2012
India agreed to buy dozens of Russian military helicopters and fighter jet assembly kits at a summit on Monday, underlining the resilience of ties between the long-time allies despite New Delhi's recent moves to diversify its arms suppliers. ...
07:42 PM, Dec 24, 2012
Russian President Vladimir Putin hopes to conclude deals on the sale of fighter jets and aircraft engines to India next week which could be worth more than $7.5 billion, defence industry sources said on Wednesday. Putin, who visits India on Monday, has his sights set on selling 42 Sukhoi SU-30MKI fighters and on the long-term supply of 970 warplane engines, one of the sources said. ...
11:00 PM, Dec 19, 2012
Swiss bank UBS swallowed a $1.5 billion fine and admitted to fraud on Wednesday after a global probe revealed its staff orchestrated the manipulation of benchmark interest rates over three continents. UBS traders colluded with brokers to rig the Libor rate, which is used to price trillions of dollars worth of loans worldwide, rewarding them for their help. They also teamed up with traders at other banks. ...
05:55 PM, Dec 19, 2012
