The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term. Full Article
- Winning ticket for $590.5 million Powerball lottery sold in Florida
- HSBC cuts gold, silver price forecasts for 2013, 2014
- Rod Stewart tops UK album chart for first time in 34 years
- S.Africa minister accuses Indian High Commission official in Gupta scandal
- Indian cinema on a mission at Cannes to dispel Bollywood image
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Eurofighter still in race for India jet deal: CEO
ABU DHABI |
ABU DHABI (Reuters) - The chief of the Eurofighter Typhoon said on Monday that it is still in the race for a fighter jet deal in India as British Prime Minster David Cameron began his tour to win new trade in the Asian country.
"We believe the Eurofighter is still there," Eurofighter Chief Executive Enzo Casolini said at a press briefing in Abu Dhabi. "We are on standby, in case they come back to us."
India started exclusive talks with France's Dassault Aviation (AVMD.PA) for an order of 126 Rafale jets worth $10 billion in January 2012, over the competing British-backed Typhoon.
However, more than a year later, the two sides still have yet to sign a final contract because of disagreements over the cost of building them in India.
David Cameron arrived in India on Monday to try to win new trade and investment and is hoping New Delhi will change its mind and choose the Eurofighter.
Cameron's job of persuading India to buy more civil and military hardware will not be easy. India said on Friday it wanted to cancel a $750 million deal for a dozen helicopters made by AgustaWestland, the Anglo-Italian subsidiary of Italy's Finmeccanica (SIFI.MI), over bribery claims.
A British government source said last week that Hollande had not finalised the Rafale deal during his own trip to India earlier in the month.
The Typhoon was developed by a consortium of BAE (BAES.L), Finmeccanica (SIFI.MI) of Italy and EADS (EAD.PA).
"I think our technology transfer offer to India was fantastic. And India had a very demanding target," Casolini said. (Reporting by Praveen Menon; Editing by Louise Heavens)
- Tweet this
- Share this
- Digg this