NEW DELHI — India’s latest nuclear-capable strategic missile, the Agni-IV, was displayed publicly for the first time on Jan. 26 as the country showcased its military might at the 63rd Republic Day celebrations.
NEW DELHI — India has become the sixth country to operate a nuclear submarine with the commissioning of the leased Russian Akula-II class K-152 Nerpa on Jan. 23, contributing to the fledgling third leg of India’s nuclear triad. The 8,140-ton Akula II, capable of remaining underwater for months, was rechristened INS Chakra. It has set sail from a Russian base near Vladivostok and is expected to reach India within a month. The submarine will be based at the southern port of Visakhapatnam. Its 10-year lease is worth $920 million.
Jet Airways, India’s largest private carrier, announced sale-and-leaseback plans for about 10 Boeing 737s by March to enhance cash flows. Funds from the transaction in the next three months will be used to pay down debt, perhaps as much as $133 million, says M. Shivkumar, senior VP-finance.