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India and France entered into an agreement for 36 Rafale fighter jets at a value of about Rs 59,000 crore. The agreement includes a 50 per cent offset obligation, the largest-ever offset contract in the history of India. The main point of the offset agreement is 74 per cent of it has to be imported from India, which means direct business worth around Rs 22,000 crore, according to PTI report.

Soon after the deal, Anil Ambani-led Reliance Group and Rafale maker Dassault Aviation had announced a joint venture (JV) that will be a 'key player' in fulfilling the offset contract.

Justice T.B.N Radhakrishnan is the first Chief Justice of the newly formed Telangana High Court.