Low-fare Indian carrier SpiceJet says it is not in talks with private equity firm TPG Capital for a stake sale to expand its fleet size. “The company [SpiceJet] is not in discussions with TPG for [a] stake sale and further, it cannot comment on market rumors and speculative reporting,” the country’s second- largest budget airline by market share said in a filing to the Bombay Stock Exchange Tuesday.

NEW DELHI — India has added an indigenous stealth warship to its navy for use on the country’s east side, amid rising concerns about the Chinese naval presence in the region. INS Satpura, a state-of-the-art, multirole combat frigate, sports advanced features designed for dodging enemy radars. The frigate is the second of the three-ship Project-17 Shivalik Class. The warship, along with its first vessel in the series, INS Shivalik, will be deployed in the Bay of Bengal and Indian Ocean region.

High sales taxes in India on air tickets are negatively affecting the country’s civil aviation industry, warn aviation experts. “While taxes provide a tangible short-term revenue boost to the government coffers, increased taxes in the long term can be outweighed by the cost to the underlying economy,” aviation finance expert Charles Tyler says.