Russia's President Vladimir Putin (L) talks with India's Prime Minister Manmohan Singh during a signing ceremony in New Delhi December 24, 2012.

Photo: Reuters

Ah, the value of state visits. Russian President Vladimir Putin is in India for a few days, and the trip is certainly proving a profitable one. Deals so far include Russian helicopters to India, and a $2bn joint project financing deal between Russia’s sovereign wealth fund, the Russian Direct Investment Fund, and State Bank of India. Read more