-
EU chief backs Made-in-Europe push for 'strategic' sectors
-
Machado ally 'kidnapped' after calling for Venezuela elections
-
Epstein affair triggers crisis of trust in Norway
-
AI chatbots give bad health advice, research finds
-
Iran steps up arrests while remaining positive on US talks
-
Frank issues rallying cry for 'desperate' Tottenham
-
South Africa pile up 213-4 against Canada in T20 World Cup
-
Brazil seeks to restore block of Rumble video app
-
Gu's hopes of Olympic triple gold dashed, Vonn still in hospital
-
Pressure mounts on UK's Starmer as Scottish Labour leader urges him to quit
-
Macron backs ripping up vines as French wine sales dive
-
Olympic freeski star Eileen Gu 'carrying weight of two countries'
-
Bank of France governor Francois Villeroy de Galhau to step down in June
-
Tokyo stocks strike record high after Japanese premier wins vote
-
'I need to improve', says Haaland after barren spell
-
Italian suspect questioned over Sarajevo 'weekend snipers' killings: reports
-
Von Allmen at the double as Nef seals Olympic team combined gold
-
Newlyweds, but rivals, as Olympic duo pursue skeleton dreams
-
Carrick sees 'a lot more to do' to earn Man Utd job
-
Olympic star Chloe Kim calls for 'compassion' after Trump attack on US teammate
-
'All the pressure' on Pakistan as USA out to inflict another T20 shock
-
Starmer vows to remain as UK PM amid Epstein fallout
-
Howe would 'step aside' if right for Newcastle
-
Sakamoto wants 'no regrets' as gold beckons in Olympic finale
-
What next for Vonn after painful end of Olympic dream?
-
Brain training reduces dementia risk by 25%, study finds
-
Gremaud ends Gu's hopes of Olympic treble in freeski slopestyle
-
Shiffrin and Johnson paired in Winter Olympics team combined
-
UK's Starmer scrambles to limit Epstein fallout as aides quit
-
US skater Malinin 'full of confidence' after first Olympic gold
-
Sydney police pepper spray protesters during rallies against Israeli president's visit
-
Israel says killed four militants exiting Gaza tunnel
-
Franzoni sets pace in Olympic team combined
-
Captain's injury agony mars 'emotional' Italy debut at T20 World Cup
-
Family matters: Thaksin's party down, maybe not out
-
African players in Europe: Ouattara fires another winner for Bees
-
Pressure grows on UK's Starmer over Epstein fallout
-
Music world mourns Ghana's Ebo Taylor, founding father of highlife
-
HK mogul's ex-workers 'broke down in tears' as they watched sentencing
-
JD Vance set for Armenia, Azerbaijan trip
-
Sydney police deploy pepper spray as Israeli president's visit sparks protests
-
EU warns Meta it must open up WhatsApp to rival AI chatbots
-
Scotland spoil Italy's T20 World Cup debut with big win
-
Israeli president says 'we will overcome evil' at Bondi Beach
-
Munsey leads Scotland to 207-4 against Italy at T20 World Cup
-
Japan restarts world's biggest nuclear plant again
-
Bangladesh poll rivals rally on final day of campaign
-
Third impeachment case filed against Philippine VP Duterte
-
Wallaby winger Nawaqanitawase heads to Japan
-
Thailand's Anutin rides wave of nationalism to election victory
| SCS | 0.12% | 16.14 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| CMSC | -0.05% | 23.56 | $ | |
| JRI | -1.19% | 12.817 | $ | |
| RYCEF | 2.65% | 17.34 | $ | |
| BCE | 1.72% | 25.52 | $ | |
| RIO | 2.75% | 96.05 | $ | |
| NGG | -0.25% | 87.84 | $ | |
| RELX | -0.48% | 29.24 | $ | |
| BCC | -0.33% | 90.73 | $ | |
| CMSD | -0.08% | 23.93 | $ | |
| VOD | 2.11% | 15.435 | $ | |
| GSK | -2.6% | 58.705 | $ | |
| AZN | -2.19% | 188.9 | $ | |
| BP | 0.5% | 39.207 | $ | |
| BTI | -2.87% | 61.05 | $ |
India approves development of prototype advanced fighter jet
India's defence minister approved on Tuesday a programme to develop an advanced fighter jet prototype, the latest push to boost local arms production, nearly three weeks after a conflict with arch-rival Pakistan.
India, one of the world's largest arms importers, has made the modernisation of its forces a top priority in the face of tensions with nuclear-armed Pakistan and China.
Defence Minister Rajnath Singh approved the prototype of a 5th generation Advanced Medium Combat Aircraft (AMCA), the ministry said in a statement, calling it a "significant push towards enhancing India's indigenous defence capabilities".
India's Aeronautical Development Agency (ADA) -- a government agency under the Ministry of Defence responsible for aircraft design -- is "set to execute the programme through industry partnership", it added.
"This is an important step...which will be a major milestone towards aatmanirbharta ("self-reliance") in the aerospace sector".
India's arms purchases have steadily risen to account for nearly 10 percent of all imports globally in 2019-23, the Stockholm International Peace Research Institute (SIPRI) said last year.
The world's most populous nation has deepened defence cooperation with Western countries in recent years, including the Quad alliance with the United States, Japan and Australia, as it slowly shifts away from its longstanding reliance on Russian military hardware.
India signed in April a multi-billion-dollar deal to purchase 26 Rafale fighter jets from France's Dassault Aviation, adding to 36 already acquired, and replacing Russian MiG-29K jets.
But Singh has also promised at least $100 billion in fresh domestic military hardware contracts by 2033 to spur local arms production.
- Warships, missiles, planes -
This decade India has opened an expansive new helicopter factory, launched its first homemade aircraft carrier, warships and submarines, and conducted a successful long-range hypersonic missile test.
New Delhi eyes threats from multiple nations, especially Islamabad.
India and Pakistan were engaged in a four-day conflict this month, their worst standoff since 1999, before a ceasefire was agreed on May 10.
More than 70 people were killed in missile, drone and artillery fire on both sides.
Pakistan claimed its Chinese-supplied jets had shot down six Indian aircraft -- including three French-made Rafale fighters.
India has not officially confirmed any of its aircraft were lost, although a senior security source told AFP three jets had crashed on home soil without giving the make or cause.
The fighting was triggered by an April 22 attack on tourists in Indian-administered Kashmir that New Delhi accused Islamabad of backing -- a charge Pakistan denies.
India is also wary of northern neighbour China, especially since a deadly 2020 clash between their troops.
F.Cardoso--PC