Defence Ministry today said it is ousting Finmeccannica from biennial military exhibition DefExpo starting February 6.

The company had deposited guarantees in a bank in Italy and the State Bank of India branch in New Delhi, sources said.

AgustaWestland today said it will "pursue all remedies" to protect its interests amid India's moves to encash bank guarantees worth over Rs...

Defence Ministry has set in motion the process of encashing the bank guarantee of around Rs 1700 crore furnished by the Anglo-Italian firm.