RHEINMETALL AG
Anil Ambani's Reliance Defence signs pact with German firm for artillery shells, explosives supply
Reliance Defence, promoted by Anil Ambani's Reliance Infrastructure, has partnered with Rheinmetall AG to manufacture ammunition in India. The collaboration aims to supply explosives and propellants, establishing a greenfield facility in Maharashtra with a large production capacity.
EU fund managers churn out defence funds once deemed uninvestable
And in a sign of the times, even investors focused on environmental, social and governance (ESG) metrics are now softening once strict exclusion policies to make room for defence assets.
Trump hands Europe a $3 trillion defense dilemma worthy of Hamlet
European leaders face a critical decision as Trump’s uncertainty and Putin’s aggressiveness pose security threats. The focus is on increasing defense spending to 4% of GDP, to better share the NATO burden and enhance economic growth. Investments in intelligence, air defense, and joint military assets are essential to avoid Europe becoming strategically insignificant.
What the upcoming election means for corporate Germany
Germany faces crucial elections amid economic challenges, with firms citing bureaucracy and high costs as major risks. Parties propose measures, including corporate tax cuts and reduced energy costs, to bolster the business environment. Key stocks like Scout24, Porsche AG, and Deutsche Bank could be impacted.
Ukraine signs 'dozens' of joint production deals with Western defence firms
Ukraine has entered into numerous contracts for joint production or technology exchanges with Western partners, aiming to reduce its dependence on military supplies from the West and bolster domestic output. The move is crucial as the future of substantial military aid from the United States and the European Union becomes more uncertain.
Fresh evidence of graft found against Rheinmetall, middleman allegedly hired to secure contract
Rheinmetall was banned for a 10-year period in 2012 for allegedly indulging in corrupt practices to secure a contract with OFB to manufacture air defence guns.
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Swiss authorities refuse to share information on Abhishek Verma
Switzerland has turned down the CBI's request, saying the Indian authorities did not provide the necessary information for such assistance.
Home Ministry suspends transaction with two foreign arms suppliers
The Home Ministry has served show cause notices to two foreign arms vendors following allegations of their bribing officials.
Arms deal case: CBI receives responses to its judicial requests to US
The response to Letters Rogatory, comes as a big boost to the agency which might use the statement to bolster its case of alleged forgery against Verma.
CBI to send documents to Def Ministry for authentication
The CBI is likely to send confidential documents received from arms dealer Abhishek Verma's estranged business associate to Defence Ministry for authentication.
CBI examining documents sent by Verma's associate
CBI examines fresh documents sent by arms dealer Abhishek Verma's estranged business associate in which name of a Home Ministry official surfaced.
Abhishek Verma asked to appear in cheating-cum-defamation case
The warrant was issued as Verma could not appear before the court for further recording of his evidence.
Arms deal case: CBI, ED teams in US to probe
A joint team of CBI and ED has gone to the US to get details related to alleged kickback of USD 5.30 lakh paid by a Germany-based defence firm to businessman Abhishek Verma as part of a judicial request to help investigation being done by them.
Swiss firm moves Delhi High Court against blacklisting by government
Rheinmetall Air Defence, a Switzerland-based automotive parts and defence group, has moved the Delhi High Court against the government's decision to blacklist it.
Defence Ministry files Official Secrets Act violation complaint with CBI
CBI is going through the complaint and might soon register the case for alleged violation of the Officials Secrets Act which may involve Verma.
Govt nod to CBI's judicial requests in Abhishek Verma case
CBI's request to get details of financial transactions of a Swiss defence firm Ganton -- suspected to be front company of arms dealer Abhishek Verma -- has been cleared by the government.
CBI files forgery case against arms dealer Abhishek Verma
CBI registered a fresh case against Abhishek Verma for allegedly writing a letter to the PM on a forged letterhead of then Minister of State for Home Ajay Maken .
CBI fails to file chargesheet; Abhishek Verma and his wife seek bail
Verma and his Romanian wife, arrested for allegedly receiving money from a Swiss arms firm to stall blacklisting proceedings against it.
CBI examines Jagdish Tytler in Abhishek Verma case
Arms dealer Verma had claimed he was in touch with the leader in relation to stalling of black-listing of a swiss defence firm.
CBI seeks views of Defence Ministry on filing OSA case against defence supplier Abhishek Verma
CBI sources said any action under OSA can only be initiated after examining the genuineness and confidential nature of the documents.
Enforcement Directorate registers money laundering case against arms dealer Abhishek Verma
ED has registered a fresh money laundering case against arms dealer Abhishek Verma in its probe against him for allegedly receiving money from a Swiss defence firm.
ED may register fresh PMLA case against Abhishek Verma
ED may register a fresh money laundering case against arms dealer Abhishek Verma for allegedly receiving money from a Swiss defence firm to keep it out of the government's blacklist.
Custody of Abhishek Verma, his wife given to CBI for 7 days
Businessman Abhishek Verma and his Romanian wife, arrested for allegedly receiving money from a Swiss arms firm for keeping it out of the Indian government's blacklist, were sent by a Delhi court to the CBI custody for seven days.
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