India 'Spikes' American Javelin missiles

India has decided to buy 8,356 Spike anti-tank guided missile and 321 launchers from Israel for Rs 3,200 crore, rejecting US offer of Javelin missiles that Washington was lobbying hard for. The......

Saudi militants behead American captive

Al Qaeda terrorists on Friday posted three photos on an Islamic Web site to prove they had beheaded Paul Johnson Jr, an American contractor they had abducted in Saudi Arabia.The terrorists, who had......

US okays sale of infrared target sight systems to Pakistan

The US Department of Defence has awarded a $284.6 million contract to Lockheed Martin to produce infrared target sight systems for the US Navy and Pakistan, a media report said on Saturday. The......

Welcome to Air Tattoo, the world's largest military airshow

The world's biggest military airshow at RAF Fairford in United Kingdom stunned audiences as cutting edge aircraft took to the skies. The visitors were treated to action-packed displays featuring......

VSNL, private investors buy Intelsat for $5 bn

America's oldest satellite company Intelsat on Tuesday said it is being purchased by a group of private investors for $5 billion in cash and the assumption of debt.The deal, completed early this......

US stock futures signal sharp drop

US stock index futures signalled a sharply lower open on Friday after a Republican proposal for averting the 'fiscal cliff' failed to get enough support.Futures for the S&P 500 were down 1.4 per......

Airbus sees Air-India buying its 550-seater jet

European aircraft maker Airbus on Tuesday said it expects Air-India to purchase about 30 of its largest A-380 aircraft to cater to long routes.The 550-seater aircraft, which will enter airline......

Indian IT firms eye IAF's $10-billion project

Indian information technology companies are eyeing the $10-billion medium multi-role combat aircraft deal, up for grabs from the Indian Air Force. Of this, about $1-1.5 billion (Rs 4,600-6,900......