Speed News at 8am on Oct 14: India, Russia to ink defence deal

In a path breaking defence acquisition, India is going to sign a Rs 39,000 crore deal with Russia for four stealth frigates and five units of the S-400 anti-aircraft system along with agreement to launch a joint venture for the manufacture of 200 Kamov 226T light utility helicopters at a cost of about $1 billion under the 'Make in India' programme.