India cancels ₹3,100-cr deal for Israeli anti-tank missiles

India has cancelled a ₹3,174-crore deal to buy 1,600 Spike anti-tank guided missiles, according to Israeli state-owned defence company Rafael Advanced Defense Systems. Reports said India wasn't keen on the deal as its military research body DRDO was working on creating its own missiles. Rafael said it regretted the decision but remained committed to cooperating with India's Defence Ministry.