ISRO has launched its first GSLV Mark III booster on a suborbital flight test, apparently successfully. However, details are rather sparse at this hour about how exactly how well things went. The only thing the on the ISRO website is:
GSLV Mk-III X successfully launches the Crew Module Atmospheric Re-entry Experiment – CARE on Dec 18, 2014
There are Twitter reports that CARE splashed down successfully.
More details as they become available.