NEW DELHI – India successfully launched an unmanned crew capsule on its heaviest rocket – the Geosynchronous Satellite Launch Vehicle (GSLV) Mk. 3, during its first experimental flight Dec. 18, bringing the country a step closer to fulfilling its human spaceflight ambitions.
NEW DELHI—The future of cash-strapped Indian private carrier SpiceJet appears bleak as lenders show reluctance, despite requests from the government, to provide short-term working-capital loans of up to 6 billion rupees ($94.2 million). Notwithstanding relief measures announced by the government, the beleaguered airline was forced to ground its entire fleet on Dec. 17 for over 10 hours, after oil-marketing companies refused to refuel SpiceJet’s aircraft due to non-payment of dues.
