NEW DELHI — Warship projects in India are being delayed due to lack of high-quality steel and slow delivery of major weapons, sensors and propulsion equipment from both indigenous and foreign sources, junior Defense Minister Pallam Raju told the Indian parliament Wednesday. Two out of three stealth frigates — INS Shivalik and INS Satpura — have been delivered and the third — INS Sahyadri — is scheduled to be delivered in India’s current fiscal year, which ends March 31, 2012.

Kingfisher Airlines and Jet Airways both need infusions of capital if they are to stay afloat, according to their respective auditors. B. K. Ramadhyani & Co., which audits debt-ridden Kingfisher Airlines, says, the carrier’s ability to meet its financial obligations is “dependent on the company’s ability to infuse the requisite funds.” Kingfisher reported a loss of 4.69 billion rupees ($89.3 million) in the quarter ended Sept. 30, 2011, compared with 2.31 billion rupees in the same period last year, mainly because of higher fuel prices.

NEW DELHI — India expects to wrap up the $11 billion Medium Multi-Role Combat Aircraft [MMRCA] deal by mid-December, Air Force Chief Air Marshal Norman Anil Kumar Browne said Friday. “We are calculating hard . . . by mid-December we should have very good sense of who has been selected,” Browne says.