India’s military build up may be too little too late?
By Frank Jack Daniel NEW DELHI | Fri Feb 3, 2012 5:10pm IST NEW DELHI (Reuters) – India‘s 1.3 million-strong armed forces, hobbled by outdated equipment and slow decision-making, are undergoing an overhaul as defence priorities shift to China from traditional rival Pakistan. And like a refit of the imposing but dilapidated defence ministry on Delhi’s grand South Block, it’s a plodding process.Defence chiefs are hurrying to modernise ageing weaponry…
FACTBOX – India’s growing defence market
By Arup Roychoudhury Fri Feb 3, 2012 5:29pm IST REUTERS – India plans to spend about $100 billion over the next 10 years to upgrade its largely Soviet-era military equipment, as Asia’s third largest economy looks to match its military power with its economic clout. In what has been described as one of the world’s most dangerous regions, with three nuclear-armed countries bordering each other, India‘s fears of the rising…
Iran warns of retaliation over oil sanctions
By Parisa Hafezi TEHRAN | Fri Feb 3, 2012 6:12am EST TEHRAN (Reuters) – Iran‘s Supreme Leader Ayatollah Ali Khamenei said on Friday Iran would retaliate over Western-backed oil sanctions and any threat of attack, after U.S. Defense Secretary Leon Panetta was cited as saying he feared a possible Israeli strike as early as April. Khamenei’s defiant speech to mark the anniversary of the 1979 Islamic Revolution was the first…
Indian consortium may bid for Afghan mining blocks – report
MUMBAI | Fri Feb 3, 2012 10:06am IST MUMBAI (Reuters) – State-run Steel Authority of India Ltd (SAIL.NS) and government-controlled Hindustan Copper Ltd (HCPR.NS) are in talks with Aditya Birla Group and Jindal Steel and Power Ltd (JNSP.NS) to form a consortium to bid for gold and copper deposits in Afghanistan, the Mint newspaper reported. Afghanistan has invited expressions of interest by March 9 for gold and copper deposits in…
Tags:Aditya Birla Group , Afghanistan , Afghanistan Hajigak , China , Hindustan Copper Chairman Shakeel Ahmed , Jindal Steel , NS , SAIL
JLR plans manufacturing JV with China’s Chery – report
Fri Feb 3, 2012 10:46am IST REUTERS – Jaguar Land Rover (JLR) plans to partner with Chery Automobile to manufacture vehicles in China and has applied to regulators for clearance of the joint venture, Bloomberg reported on Friday, citing unnamed sources. The British luxury brand, owned by Tata Motors Ltd (TAMO.NS), said in May it had shortlisted potential Chinese partners without providing details, as it looks to tap soaring luxury…