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| French Rafale jet beats Eurofighter in $10bn India deal | French Rafale jet beats Eurofighter in $10bn India deal |
| (40 minutes later) | |
| French firm Dassault has emerged as the lowest bidder in a $10bn contract to supply India with fighter jets. | French firm Dassault has emerged as the lowest bidder in a $10bn contract to supply India with fighter jets. |
| Dassault Aviation will now enter final negotiations before any deal is signed for supplying India with 126 Rafale aircraft. | Dassault Aviation will now enter final negotiations before any deal is signed for supplying India with 126 Rafale aircraft. |
| Correspondents say this is one of the world's biggest defence deals and is a major setback for rival bidder, the Eurofighter Typhoon. | |
| Eurofighter lost out in December on an $8bn deal to supply jets to Japan. | Eurofighter lost out in December on an $8bn deal to supply jets to Japan. |
| Officials at the British High Commission in Delhi said they were disappointed with the decision and would now study the details. | Officials at the British High Commission in Delhi said they were disappointed with the decision and would now study the details. |
| A statement read: "It was expressly said this was about the cost of the contract, not a reflection on the health of bilateral relations between India and the countries." | A statement read: "It was expressly said this was about the cost of the contract, not a reflection on the health of bilateral relations between India and the countries." |
| The officials said they "genuinely believed the [Eurofighter] Typhoon offered the best capability now and in the future". | The officials said they "genuinely believed the [Eurofighter] Typhoon offered the best capability now and in the future". |
| They also said it was "not beyond imagination" that India might decide the Rafale was not the right option as it continued the process. | They also said it was "not beyond imagination" that India might decide the Rafale was not the right option as it continued the process. |
| Four other bidders had dropped out in the lengthy selection process. | Four other bidders had dropped out in the lengthy selection process. |