-
Palace boss Glasner says contract talks on hold due to hectic schedule
-
Netflix to launch FIFA World Cup video game
-
Venezuela says oil exports continue normally despite Trump 'blockade'
-
German MPs approve 50 bn euros in military purchases
-
India v South Africa 4th T20 abandoned due to fog
-
Hydrogen plays part in global warming: study
-
EU's Mercosur trade deal hits French, Italian roadblock
-
What next for Belarus after US deal on prisoners, sanctions?
-
Brazil Senate debates bill that could slash Bolsonaro jail term
-
Coe shares 'frustration' over marathon record despite Kenyan's doping ban
-
Stolen Bruce Lee statue 'returns' to Bosnia town
-
Veteran Suarez signs new Inter Miami contract
-
Warner Bros rejects Paramount bid, sticks with Netflix
-
Crude prices surge after Trump orders Venezuela oil blockade
-
Balkan nations offer lessons on handling cow virus sowing turmoil
-
French readers lap up Sarkozy's prison diaries
-
UK PM warns Abramovich 'clock is ticking' over Chelsea sale fund
-
Warner Bros. Discovery rejects Paramount bid
-
Winners of 2026 World Cup to pocket $50 million in prize money
-
World no. 1 Alcaraz ends 'incredible ride' with coach Ferrero
-
World number one Alcaraz announces 'difficult' split with coach Ferrero
-
Iran boxer sentenced to death at 'imminent' risk of execution: rights groups
-
Snicko operator admits error that led to Carey's Ashes reprieve
-
Finland PM apologises to Asian countries over MPs' mocking posts
-
Doctors in England go on strike for 14th time
-
Romania journalists back media outlet that sparked graft protests
-
Rob Reiner's son awaiting court appearance on murder charges
-
Ghana's Highlife finds its rhythm on UNESCO world stage
-
Stocks gain as traders bet on interest rate moves
-
France probes 'foreign interference' after malware found on ferry
-
Europe's Ariane 6 rocket puts EU navigation satellites in orbit
-
Bleak end to the year as German business morale drops
-
Hundreds queue at Louvre museum as strike vote delays opening
-
Bondi shooting shocks, angers Australia's Jewish community
-
Markets rise even as US jobs data fail to boost rate cut bets
-
Senegal talisman Mane overcame grief to become an African icon
-
Carey pays tribute to late father after home Ashes century
-
'Many lessons to be learned' from Winter Games preparations, says ski chief
-
Emotional Carey slams ton to give Australia upper hand in 3rd Ashes Test
-
Asian markets mixed as US jobs data fails to boost rate cut hopes
-
Carey slams ton as Australia seize upper hand in third Ashes Test
-
Bondi shooting shocks, angers Australia Jewish community
-
Myanmar junta seeks to prosecute hundreds for election 'disruption'
-
West Indies hope Christmas comes early in must-win New Zealand Test
-
Knicks beat Spurs in NBA Cup final to end 52-year trophy drought
-
Khawaja revels in late lifeline as Australia 194-5 in 3rd Ashes Test
-
Grief and fear as Sydney's Jewish community mourns 'Bondi rabbi'
-
Trump orders blockade of 'sanctioned' Venezuela oil tankers
-
Brazil Senate to debate bill to slash Bolsonaro jail term
-
New Zealand ex-top cop avoids jail time for child abuse, bestiality offences
| SCS | 0.12% | 16.14 | $ | |
| RBGPF | 0.5% | 82.01 | $ | |
| CMSC | -0.21% | 23.29 | $ | |
| BTI | 0.2% | 57.405 | $ | |
| GSK | 0.8% | 49.175 | $ | |
| BCE | -0.17% | 23.29 | $ | |
| RIO | 1.5% | 77.145 | $ | |
| BCC | -0.03% | 75.815 | $ | |
| NGG | 1.63% | 77.025 | $ | |
| RYCEF | 0.8% | 14.92 | $ | |
| RELX | 0.02% | 40.83 | $ | |
| CMSD | -0.52% | 23.26 | $ | |
| AZN | -0.46% | 90.93 | $ | |
| JRI | -0.67% | 13.42 | $ | |
| BP | 1.47% | 34.265 | $ | |
| VOD | 0.59% | 12.775 | $ |
India says signs deal with France for 26 Rafale fighter jets
India has signed a contract to purchase 26 Rafale fighter jets from France, New Delhi's defence ministry said Monday, with the multi-billion-dollar deal to include both single and twin-seat planes.
When delivered, the jets would join 36 French-made Rafale fighters already acquired by New Delhi as part of its efforts to rapidly modernise its military hardware.
"The governments of India and France have signed an inter-governmental agreement for the procurement of 26 Rafale Aircraft," the defence ministry said in a statement.
The jets made by French aerospace company Dassault Aviation are expected to operate from Indian-made aircraft carriers, replacing the Russian MiG-29K jets.
"It includes training, simulator, associated equipment, weapons and performance-based logistics" as well as 22 single-seater and four twin-seater jets, said India's defence ministry.
"It also includes additional equipment for the existing Rafale fleet of the Indian Air Force (IAF)."
The Indian government announced its intention to procure 26 Rafales in 2023, when Prime Minister Narendra Modi visited France for the Bastille Day celebrations.
Despite historical ties with Russia as its key supplier for military equipment, India has diversified in recent years with key purchases including from France as well as from the United States and Israel.
Dassault said that the jets will provide India with "state-of-the-art capabilities" and an "active role in guaranteeing national sovereignty and consolidating India's role as a major international player".
India's navy is the first user outside France of the Rafale Marine jet, the company said.
- Tensions with Pakistan -
Monday's deal comes as India's relations with arch-rival Pakistan plummet to fresh lows.
New Delhi has accused Pakistan of backing the deadliest attack on civilians in Indian-administered Kashmir since 2000 -- claims Islamabad denies.
The two countries have exchanged gunfire, diplomatic barbs, expelled each other's citizens and shut border since the April 22 attack, in which 26 men were killed.
Analysts say there is also a serious risk of the crisis turning into a military escalation.
The earlier contract for 36 Rafale aircraft, agreed in 2016, was worth about $9.4 billion.
Many global arms suppliers see the world's most populous nation -- and fifth-largest economy -- a key market.
India has become the world's largest arms importer with purchases steadily rising to account for nearly 10 percent of all imports globally in 2019-23, the Stockholm International Peace Research Institute (SIPRI) said last year.
India has also eyed with worry its northern neighbour China, especially since a deadly 2020 clash between their troops.
That sparked a wave of defence reforms in the country, with both a push for fresh contracts from foreign suppliers and simplified laws to push domestic manufacturing and co-production of critical military hardware.
This decade India has opened an expansive new helicopter factory, launched its first homemade aircraft carrier, and conducted a successful long-range hypersonic missile test.
That in turn has fostered a growing arms export market which saw sales last year worth $2.63 billion -- still a tiny amount compared to established players, but a 30-fold increase in a decade.
India has deepened defence cooperation with Western countries in recent years, including the Quad alliance with the United States, Japan and Australia.
L.Adams--AT