Army made the announcement Tuesday, though deliveries of the weapon were completed about 3 months ago. The firm is among 19 sanctioned by US for allegedly aiding Russia's 'war machine'.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
The US State Department has taken action against one Pakistani & three Chinese entities, in addition to one Chinese individual, under the missile sanctions laws.
US Department of State cited ‘corruption’ and ‘undermining of democratic institutions as reasons for its travel ban on Gen Aziz Ahmed, drawing varied reactions in Bangladesh.
Conference attended by 11 countries, reportedly including China, Russia and Pakistan. Afghanistan urged neighbours 'to help remove Western sanctions & promote economic development'.
Import made possible by licences granted by US treasury dept's Office of Foreign Assets Control, which is responsible for enforcing sanction, says Russian state-owned Sputnik Globe news.
Since the launch of the satellite, North Korea said that it has reviewed spy satellite photos of the White House, Pentagon and US aircraft carriers at the naval base of Norfolk.
Move could pay dividends to Indian refiners, who have capacity to refine heavy crude from Venezuela. India consistently bought crude from Latin American country before sanctions.
US Treasury Dept said the action targets key officials and the mechanisms through which Iran provides support to Hamas and militant group Palestinian Islamic Jihad, an ally of Hamas.
The procurement of high-technology legacy weapon systems must be reviewed. In the era of drones, what use does a $100 million Apache attack helicopter have?
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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