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Tuesday , 19 February '13 Defence Ministry had initiated the process to scrap the deal for the Anglo-Italian AW-101 choppers. Tuesday , 19 February '13 Govt is 'neither afraid nor hesitant' on discussion on any issue, says Nath...Sunday , 17 February
There is no question of India getting involved in the arbitration process initiated by AgustaWestland in the chopper scam, Defence Minister A.K. Antony said making it clear that the government will not be drawn into a legal battle with the Anglo-
The president of Italy's state-controlled defence and aeropspace giant Finmeccanica on Thursday gave a guarded reply when quizzed on the future of a 560 million dollar helicopter deal with India hit by graft allegations. "We'll have to wait and see,"
Defence Ministry standing firm on its decision to cancel the contract even after meeting top executives of AgustaWestland who presented their case on Wednesday, and the Italian firm going ahead with the arbitration process that it invoked in October.
AgustaWestland denied it had violated any contractual obligations in the pact for the same with IAF. "AgustaWestland denies all allegations of violation of the pre-contract integrity pact and the contract. "(We) will deliver the formal written
Italy's leading financial index lost 1.77% on Tuesday, the worst result among other major European markets that also sank during the trading day. Mib ended the day at 18,766 points, pulled lower by weakening stocks including Finmeccanica, which shed
Breaking News Alert India has decided to cancel the scandal-tainted helicopter deal with AgustaWestland, prejudging the outcome of a meeting on Wednesday between company executives and defence ministry officials to discuss the contract, Reuters on
The case of the two Italian marines charged with murder in India and a murky multi-million euro helicopter deal between with the Indian government must be treated as separate issues, a senior Italian diplomat said on Wednesday. "We believe the cases
The ministry has also asked the company to present its case before it on November 20, officials said. The meeting would be held between the officials of the ministry and the representatives of the company. Defence Minister A K Antony would not be
The government has signed a contract with Anglo-Italian firm AgustaWestland for the delivery of eight brand new attack helicopters worth 3.44bn pesos. In a statement, AgustaWestland said the delivery of the AW109 Power helicopters would start next