Arms Deal

US approves sale of Javelin Missile, Excalibur Projectiles worth $92.8 mn

Under the agreement, the US will provide 100 FGM-148 Javelin missiles, one Javelin missile for testing, 25 Javelin launcher units, and 216 M982A1 Excalibur artillery shells

Germany halts military exports linked to Gaza amid Israel offensive

German Chancellor Friedrich Merz says his country will not authorise any exports of military equipment that could be used in Gaza until further notice. Friday's move from Germany, which has been a stalwart supporter of Israel for decades, comes after the Israeli Cabinet announced plans to take over Gaza City. In a statement, Merz emphasised that Israel has the right to defend itself against Hamas' terror and said that the release of Israeli hostages and purposeful negotiations toward a cease-fire in the 22-month conflict are our top priority. He said Hamas must not have a role in the future of Gaza. The even harsher military action by the Israeli army in the Gaza Strip, approved by the Israeli Cabinet last night, makes it increasingly difficult for the German government to see how these goals will be achieved, he added. Under these circumstances, the German government will not authorise any exports of military equipment that could be used in the Gaza Strip until further notice. The

US has $35-40 bn surplus with India when services, arms included: GTRI

The US, despite reporting a USD 44.4 billion trade deficit with India, runs a USD 35-40 billion overall surplus when revenues from education, digital services, financial activities, royalties, and arms trade are factored in, economic think tank GTRI said on Monday. It said for India, this means it has every reason to walk into free trade agreement negotiations with confidence, pushing back hard against inflated deficit claims and demanding fair, balanced terms that reflect the full economic relationship, not just a narrow, cherry-picked slice of the ledger. In 2024-24, the US has recorded a trade deficit of about USD 44.4 billion with India, which means Washington has imported far more goods and services from India than it exported. US President Donald Trump has on multiple occasions highlighted this gap, accusing India of unfairly benefiting from trade. Washington is also using the deficit figures to push India to unilaterally lower tariffs and open its market further, the Global

Trump-Saudi Arabia historic $142 billion arms deal: Key takeaways | Riyadh | World news

US President Donald Trump’s first stop in Saudi Arabia during his Middle East visit is already making global headlines. Watch the video for the key takeaways.

Ukraine replaces India as world's largest arms importer, shows Sipri data

Indian arms imports fell by 9.3 per cent between 2015-19 and 2020-24, driven at least in part by India's growing capability to design and manufacture its own weapons

Pro-Palestinian delegates to Chicago DNC to push for Israel arms embargo

The United States approved $20 billion in additional arms sales to Israel on Tuesday

Sanjay Bhandari case: Court issues NBW against UK national Sumit Chaddha

"Cognizance of the offence of money laundering as defined in u/Sec. 3 r/w Sec. 17 punishable u/Sec. 4 of PMLA, 2002, has already been taken on October 5, 2020," noted the court

UK court approves extradition of arms dealer Sanjay Bhandari to India

A UK court on Monday ruled that Sanjay Bhandari, an accused middleman and consultant in arms deals, can be extradited to India to face charges of tax evasion and money laundering. The 60-year-old faced two extradition requests from the Indian authorities, the first related to money laundering and the second to tax evasion. District Judge Michael Snow, who heard the case at Westminster Magistrates' Court in London earlier this year, concluded that there are no bars to him being extradited and decided to send the case to UK Home Secretary Suella Braverman, who is authorised to order the extradition based on the court order. As I am satisfied that extradition is compatible with the defendant's Convention rights, I must send this case to the Secretary of State [Braverman] for a decision as to whether the defendant is to be extradited, Judge Snow said in his judgment. However, I only do so on the basis of the Assurances that have been provided by the Government, he said, with reference

India, world's biggest buyer of Russian arms, looks to diversify suppliers

India aims to produce as much as half its defence equipment at home, a senior government official said on condition of anonymity

Explained: India's arms import dependence

India has been the largest arms importer globally and spent almost double compared to China in 2017-21. The problematic issue, though, is India's paltry share in the world's exports. Read the full report here: https://mybs.in/2au2w0S

Russia accounted for half of India's arms imports during 2016-20

Although India's reliance on Russia has been declining, Russia still accounts for most of India's arms imports

Greek parliament approves $3.4 bn worth arms deals with France

Lawmakers also voted in favour of adding six new Rafale fighter jets to an existing order for 18 planes, six of them newly built and 12 that were previously in service in the French air force

Japan, Indonesia sign pact to transfer arms amid China concerns

Japan and Indonesia signed a pact on Tuesday allowing the transfer of Japanese defense equipment and technology to Jakarta as the two countries strengthen their military ties

India's arms import dip by 33% between 2011-15 and 2016-20: Report

The report is by Stockholm International Peace Research Institute (SIPRI) said

US to seek five-year extension of key arms control treaty with Russia

Biden's nominee for Secretary of State Antony Blinken said Tuesday that Biden would extend the treaty

US senators seek to stop Donald Trump's $23 billion in arms sales to UAE

The huge sale could alter the balance of power in the Middle East, and members of Congress have chafed at the administration's attempt to rush it through

US plans sale of 50 stealth F-35 fighter jets to UAE in $23 bn arms deal

Secretary of State Mike Pompeo said he had authorized the sale in keeping with the administration''s Middle East peace efforts

The US approves sale of $600 million in MQ-9 armed drones to Taiwan

The Trump administration has notified Congress that it has approved the sale of $600 million in armed drones to Taiwan, the latest in a series of arms transfers for the island

2 Russian arms deals likely next week, weaponry worth $15 bn in pipeline

Weaponry worth $15 billion in Moscow pipeline, underlining Russia's status as India's premier arms supplier

Saudi to evaluate Kalyani group's artillery guns Bharat 52, Garuda V2

It has been learnt that the two types of gun systems - both designed and developed by Kalyani Group - are being sent later this year to Saudi Arabia for trial evaluation