BANGALORE Boeing Co (BA.N) is not seeing any delay in ongoing contract talks with the Indian government, a company official told Reuters in an interview on Thursday.
The company has not seen any impact yet of New Delhi's budget cuts this year, including those affecting defence, said Dennis Swanson, vice president of international business development for Boeing Defence, Space and Security in India.
India is planning cuts to its budget this year, including some affecting defence, to reduce spending by about 1.1 trillion rupees in the current financial year, or some 8 percent of budgeted outlay.
(Reporting by A.Ananthalakshmi; Editing by Jeremy Laurence)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column