UPDATE 1-India cancels AgustaWestland helicopter deal - source

NEW DELHI, Jan 1 (Reuters) - India has cancelled its scandal-hit $770 million helicopter deal with AgustaWestland, part of Italian defence group Finmeccanica, a senior defence ministry official told...

from Reuters: Mergers News http://feeds.reuters.com/~r/reuters/mergersNews/~3/oZnJb3cSjWc/story01.htm