Finmeccanica appoints CEO after India suspends deal
Rome/New Delhi: Italy's Finmeccanica promoted company insider Alessandro Pansa to run the defence group as CEO after the arrest of its head for alleged bribery led India to suspend a $750-million deal to buy helicopters.
After a hastily convened board meeting in Rome, Finmeccanica said Pansa, the chief operating officer, would step up to ensure management continuity following the arrest in northern Italy of chairman and chief executive Giuseppe Orsi. Orsi, who is being held in jail but has not been charged, faces allegations he paid bribes to win a 560-million euro contract for the company's AgustaWestland unit to supply 12 helicopters for use by senior Indian officials.
Orsi denies any wrongdoing; but the company in its statement said Pansa, 50, would take on "the powers and duties previously held by" him. Pansa will have the titles of COO and CEO and ensure "comprehensive management of the company and the group". The case is having a political impact in both Rome and New Delhi. It is the latest in a series of scandals to shake the Italian business community ahead of an election in 10 days.
In India, national elections are not due until next year but the opposition Bharatiya Janata Party (BJP) has attacked the Congress-led government for not acting sooner over allegations of bribery.
BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.
Date 23-02-14, Duration 1:43, Views 58902
Date 23-02-14 1:43
Tooltip Information:AAP's alliance with Cong. a suicide: BJPVideo by:Description: BJP leader Subramanian Swamy criticised the Aam Aadmi Party for taking support from the Congress. Swamy said that the AAP has committed suicide by opting for an alliance with the Congress.Rating: 3.37Views: 58902
Date 15-09-14 1:06
Tooltip Information:Swedish PM Fredrik Reinfeldt to resign after losing to Left oppositionVideo by:Description: Swedish Prime Minister Fredrik Reinfeldt concedes his defeat after opposition center-left alliance, led by the Social Democratic Party, beat the incumbent center-right government in the 2014 parliamentary election. Reinfeldt is to resign on Monday after the defeat. He also told supporters in Stockholm late yesterday that he will also step down as leader of the conservative Moderate Party next year. According to Swedish Parliament website, the final election results are expected to come out on September 20 and the newly elected parliament will convene on September 29.Rating: 4.5Views: 61
Date 13-09-14 2:39
Tooltip Information:Bypolls: Voting begins for 3 Lok Sabha, 33 Assembly seatsVideo by:Description: Lucknow/ Moradabad/ Kolkatta/ Vadodra, Sept 13 (ANI): Polling for three Lok Sabha and 33 Assembly seats is currently underway across 10 states with the results crucial for both the ruling BJP-led NDA government as well as the opposition parties who are yet to recover from the massive defeat in the 2014 Lok Sabha elections. Voters began to queue up on Saturday at polling stations for the by-poll in Uttar Pradesh's one Lok Sabha and 11 assembly constituencies. Samajwadi Party and the Bharatiya Janata Party (BJP) are the main contenders in most of the assembly seats and the lone Lok Sabha seat.Voting is also underway for the Chowringhee and Basirhat (South) assembly constituencies in West Bengal.Voting for the Antagarh assembly constituency in Chhattisgarh also began today.Polling for Gujarat's one Lok Sabha and nine assembly by-polls is underway too.The Vadodara Lok Sabha seat was vacated by Prime Minister Narendra Modi after he was elected to the parliament from two places, including Varanasi in Uttar Pradesh.Voters queue up in Telangana too for polling.Rating: 4Views: 100
Date 12-09-14 5:13
Tooltip Information:Maharashtra, Haryana to go to polls on 15 Oct: ECVideo by:Description: New Delhi, Sep 12 (ANI): The Election Commission of India on Friday announced the election dates for the Maharashtra and Haryana assembly elections 2014. Talking to mediapersons in New Delhi, Chief Election Commissioner VS Sampath said, that polling would be held in Maharashtra and Haryana on 15 October. The results will be announced on 19 October. The Election Commission announced that the notification for the election in the two states will be issued on 20 September. The last date for candidates to file their nominations will be 27 September. The process of scrutiny will be conducted on 29 September and the last date for withdrawal of nominations will be 1 October.Rating: 4Views: 25
Date 1 hr ago 3:42
Tooltip Information:Gifted by Indian President, Bodhi tree sapling gets place in Vietnam's Presidential palaceVideo by:Description: Invoking "common heritage" with Vietnam, Indian President Pranab Mukherjee gifted an offshoot of the holy 'Bodhi' tree to Vietnam counterpart Truong Tan Sang and planted it in Vietnam's Presidential palace after the two leaders finished delegation-level talks and signed seven pacts. The sapling was carried in a small wooden box as a gift to the country and people of Vietnam. It was procured from the Bodh Gaya Temple Management Committee (BTMC) a few days back. India has been traditionally gifting saplings of this gigantic tree to countries it has strong bonds of trust and friendship.Rating: 4Views: 2
Date 2 hrs ago 3:46
Tooltip Information:India, Vietnam sign seven agreementsVideo by:Description: President Pranab Mukherjee and Vietnam President Truong Tan Sang witnessed the signing of seven agreements and memorandums in Hanoi, including one made by Petro Vietnam and India's Oil and Natural Gas Corporation (ONGC) Videsh. India and Vietnam have deepened military cooperation over the past decade and under Prime Minister Narendra Modi, India is pushing ahead with a new strategy to establish itself as an arms exporter using export credits to leverage foreign sales. Addressing the news conference, Secretary (East) Ministry of External Affairs, Anil Wadhwa, emphasized on the need to step up people to people exchanges between the two nations. Wadhwa also said that bilateral relations between the two nations can build intensively by connecting dots of communication which should be enhanced.Rating: 4Views: 14