Rafael Deal

Techno-commercial negotiations on Rafale-M, Scorpene not yet final: Reports

The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday. India's state-run ship-builder Mazagon Dock Limited (MDL) and French defence major Naval Group firmed up a framework agreement on July 6 for the Scorpene submarine project but negotiations on price and other technical details are yet to be firmed up, they said. On the procurement of the Rafale-M, the naval variant of the jet, the sources said the deal will be sealed once the techno-commercial negotiations are concluded. Expansion of overall India-France defence cooperation, especially to co-develop and co-produce key military platforms, was one of the outcomes of talks between Prime Minister Minister Narendra Modi and French President Emmanuel Macron. On the decision by the two sides for co-development of a fighter aircraft engine by French defence major Safran in India,

India likely to sign €3 bn fighter jet deal with France in Modi's arms push

Nearly three dozen Rafale-Marine fighters will be sold to Indian Navy for use on its locally manufactured aircraft carrier, INS Vikrant, according to senior officials familiar with developments

Top Headlines: Adani acquires Ambuja Cements, Sebi panel on FPIs, and more

From Gautam Adani winning the race for Ambuja Cement to Sebi forming expert panel on FPIs, here are the top headlines on Monday

IAF to start upgrading Rafale fighter fleet from January 2022: Report

Once the enhancements are approved and accepted by the IAF, the upgrade is planned to be started from January next year onwards

Rafale deal: French portal's bribe charge triggers BJP-Cong slugfest

BJP spokesperson Sambit Patra launched a scathing attack on Rahul Gandhi, who has consistently alleged corruption in the purchase of the fighter aircraft by the Modi government

Best of BS Opinion: Gaps in tax reform, mapping recovery, and more

Here are the best of Business Standard's opinion pieces for Monday

Rafale row: India cheated to tune of Rs 21,000 crore, alleges Congress

The Congress questioned the Modi government over the revelations made by a French news portal in the Rafale deal alleging there was corruption and loss to public exchequer of at least Rs 21,075 crore

'Completely baseless,' says BJP as it dismisses Rafale bribe allegations

The BJP dismissed as "completely baseless" the allegations of corruption in the Rafale deal, stressing that the Supreme Court had rejected a demand for a probe in the purchase of the fighter aircraft

LIVE: Rajasthan Governor issues order to convene session from August 14

The five French Rafale fighter jets touched down at Haryana's Ambala today. Stay tuned for latest news live updates

Rahul Gandhi must apologise for 'shameful' statements on Rafale: BJP

Ravi Shankar Prasad lashes out at Opposition party after top court refuses CBI probe of Rafale deal.

Teased over French jet, Chhattisgarh's 'Rafel' hamlet wants name change

83-year-old Dharam Singh, the eldest in the village, has no idea why the village is called Rafel and what it means.