India warns arms companies of action for default in offset commitments

Cracking the whip against foreign armament majors for failure to fulfil their offsets obligations in defence deals, India has threatened to ban a US company and put another 11 American, French, Russian and Israeli firms on a watch-list for imposition of penalties. The defence ministry (MoD) has delivered a stern message to the arms companies, seeking repeated time extensions to discharge their offsets commitments, that it won’t be business as usual any longer, say top sources.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/2WvJsXC
https://ift.tt/3mGaeYf

Comments

Post a Comment

Popular posts from this blog

Singer Bhavatharini, Ilaiyaraaja's daughter, dies of stomach cancer

National award-winning singer Bhavatharini, daughter of Ilaiyaraaja, has succumbed to stomach cancer. She was undergoing Ayurvedic treatment in Sri Lanka. Her story highlights the importance of awareness and vigilance in detecting and preventing stomach cancer. Born on July 23, 1976, Bhavatharinimade her debut as a singer for Raasaiya. She received the National Film Award for Best Female Playback Singer in 2000 for a song composed by her father. from Times of India https://ift.tt/86YNWIe https://ift.tt/t8ZL3ek
Read more

UK Attorney General to review sentence in teen's murder case

United Kingdom's attorney general will review a hospital order sentence handed out to the killer of Indian-Irish origin teenager Grace O’Malley-Kumar and two others in a triple murder in Nottingham last year after receiving a complaint that the sentence is too lenient. from Times of India https://ift.tt/uzwyQRi https://ift.tt/Egp6f1n
Read more

Riteish-Genelia share hilarious dance video

Image
Riteish and Genelia Deshmukh, the beloved Bollywood couple, shared a dance video where they groove to the song 'Dil Mein Baji Guitar'. The video received love from fans and celebrities like Farah Khan. Riteish also posted pictures commemorating the 21st anniversary of 'Tujhe Meri Kasam', the film where they first met and fell in love. from Entertainment News, Celebrity News, Latest Movie News, Breaking News | Entertainment - Times of India https://ift.tt/Xlh2OBJ https://ift.tt/ebMdX29
Read more