American company bags contract for Navy's 16 multi-role choppers

The United States' Sikorsky has bagged the contract for Indian Navy's Rs 6,000-crore proposal for acquisition of 16 multi-role helicopters for its warships, official sources said on Friday.

VVIP Chopper case: HC dismisses Gautam Khaitan's bail plea

The Delhi High Court on Wednesday dismissed the bail plea of businessman Gautam Khaitan, who was arrested in a money laundering case in connection with the Rs 3,600 crore VVIP chopper deal.

Chopper deal: Court extends Gautam Khaitan's custody

A court here Friday extended till Nov 28 the judicial custody of businessman Gautam Khaitan arrested in a money laundering case related to the AgustaWestland VIP chopper deal.

Finmeccanica hopeful of reopening dialogue with Defence Ministry

With an Italian court acquitting its two former bosses of corruption charges, defence firm Finmeccanica on Friday said they can reopen dialogue with the Indian Defence Ministry, which had scrapped its Rs 3,600 crore contract for supplying 12 VVIP helicopters.

'Chopper verdict upholds honour of ex-IAF chief'

After a court in Italy on Thursday found him not guilty of corruption in the 2010 deal to supply India with AgustaWestland helicopters, Giuseppe Orsi, the former chief executive of Italian firm Finmeccanica said the judgement upheld the honour of India's ex-air chief, Air Chief Marshal SP Tyagi, falsely accused of wrongdoing.

Chopper scam: Two ex-bosses of Finmeccanica cleared of graft

Former Finmeccanica CEO Giuseppe Orsi and ex-AgustaWestland head Bruno Spagnolini were on Thursday acquitted of corruption charges in the Rs 3,600 crore VVIP chopper deal with India but were sentenced to two-year jail term on lesser charges of falsification of invoices.

VVIP choppers case: ED arrests businessman Gautam Khaitan

Enforcement Directorate on Tuesday arrested businessman Gautam Khaitan in money laundering probe in VVIP choppers deal case.

VVIP chopper: Development in Italy court won`t affect CBI probe

The proposed dropping of probe against defence major Finmeccanica by Italian prosecutor will not affect the probe of CBI into alleged bribery in the purchase of 12 VVIP helicopters from its sister concern AgustaWestland.

AG cautions govt against blacklisting of Finmeccanica

Attorney General has cautioned the Centre that blacklisting Italian defence firm Finmeccanica and its subsidiaries could affect the operational preparedness of the armed forces.

Arun Jaitley to review AgustaWestland chopper scam case

Defence Minister Arun Jaitley will review the Rs 3,600 crore AgustaWestland chopper deal with the ministry preparing a presentation for him on the procurement which was scrapped after allegations of bribery and payment of kickbacks.

Qatar nears exclusive talks on buying Rafale fighter: Report

Qatar could firm up its interest in buying French Rafale fighter planes when its new Emir, Sheikh Tamim Ben Hamad Al Thani visits Paris on June 23, the La Tribune financial website reported Wednesday.

Setback for India as Italian court revokes guarantee freeze in Finmeccanica case

Finmeccanica said on Friday an Italian court had revoked a freeze on up to 228 million euros ($311 million) of bank guarantees that India was seeking to recover in a dispute with the Italian defence group over a scrapped helicopter deal.

SG advises against immediate steps to blacklist AgustaWestland

The government`s move to blacklist Anglo-Italian firm AgustaWestland in the wake of bribery allegations in VVIP helicopter deal is set to be delayed with Solicitor General Mohan Parasaran advising against any immediate action.

VVIP chopper deal: CBI Director meets Indian envoy in Italy

CBI Director Ranjeet Sinha has met Indian envoy in Italy in connection with its probe into alleged irregularities in Rs 3,600 AgustaWestland helicopter deal.

Italian police arrest two people over slush funds

Italian police arrested two former officials of the government-controlled Finmeccanica, Italy`s biggest defence and aerospace group, in an investigation into allegations of bribery and corruption.

India to appeal against Italian court order in chopper scam

An Italian court has barred India from encashing bank guarantees worth over Rs 2,360 crore of AgustaWestland as part of the penalties imposed on it after scrapping of the Rs 3,600 crore VVIP chopper deal.

Italy judge rejects India bid to recover AgustaWestland guarantees

An Italian judge has rejected a request by India to recover more than EUR 278 million in bank guarantees backing a scrapped helicopter deal with Finmeccanica, the Italian defence group said.

Ex-IAF chief Fali Major was hosted by Finmeccanica: Reports

In a fresh development in the scam-tainted VVIP chopper deal, lawyers of AgustaWestland have reportedly told an Italian court that its parent company Finmeccanica had hosted the then IAF chief F H Major in 2007, a period when the bidders were being shortlisted.

DefExpo: AgustaWestland, Finmeccanica bookings cancelled

The Defence Ministry has cancelled bookings of AgustaWestland and its parent company Finmeccanica from a military exhibition as the two companies were "under investigation" in the now-cancelled Rs 3,600 crore deal to supply choppers for VVIP use, a senior official said Tuesday.

Proposal to buy torpedos from AgustaWestland`s sister concern

A week before cancelling the VVIP chopper deal with AgustaWestland, the Defence Ministry had approved a long-pending Navy proposal for buying heavy-weight torpedos from the Italian company`s sister concern to be considered by the Cabinet Committee on Security.