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Eutelsat to raise €1.35 billion via capital increase and rights issue to expand LEO satellite capacity and repay debt; Bharti Space to invest €31.4 million

In a significant milestone, Hindustan Aeronautics Limited (HAL) was on Friday declared the winner of the bid for the transfer of technology of the Small Satellite Launch Vehicle (SSLV), the ISRO's rocket to place satellites up to 500 kg in low-earth orbit, edging out two consortia, including one led by a defence manufacturer backed by the Adani Group.
Fighter jet manufacturer HAL was the standalone bidder for the coveted contract to build the ISRO-designed rocket and was pitted against the two consortia -- one led by Alpha Design Technologies, backed by the Adani Group, and the other led by Hyderabad-based Bharat Dynamics Limited.
HAL presented the winning bid of Rs 511 crore to emerge as the sole manufacturer of the SSLV after the completion of the process of transfer of technology that is expected to take place over the next two years.
"Under this technology-transfer agreement, HAL will have the capability to independently build, own and commercialise SSLV launches," Pawan Kumar .

HAL presented the winning bid of Rs 511 crore to emerge as the sole manufacturer of the SSLV after the completion of the process of transfer of technology

Over 16 billion passwords have been leaked in a global cyber breach, and experts warn your personal accounts could be at risk without you even knowing it

HAL wins bid for end-to-end SSLV production, marking a pivotal shift in India's commercial space ambitions and boosting the small satellite launch ecosystem

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday welcomed Prime Minister Narendra Modi for the 11th International Yoga Day celebrations on June 21 at RK Beach in Vizag.
Naidu said that over two crore people will participate across one lakh-plus locations in Andhra Pradesh on Yoga Day, turning the event into a historic movement for health and unity.
PM Modi will participate in the International Yoga Day on Saturday in a 26-km-long corridor from RK Beach in the port city of Visakhapatnam that stretches up to Bhogapuram, where over 3 lakh people can perform Yoga simultaneously.
"I warmly welcome Prime Minister Narendra Modi to RK Beach in the port city, for Yogandhra2025," said Naidu in a post on 'X', urging citizens to take part and make the event truly memorable.
The CM appealed to all people of the state to join the grand celebration by finding their nearest venue and participating in large numbers.
Meanwhile, IT Minister Nara Lokesh inspected a Yoga drill involving ...

Naidu said that over two crore people will participate across one lakh-plus locations in Andhra Pradesh on Yoga Day, turning the event into a historic movement for health and unity

The legal fraternity raises alarms after ED summons senior advocates Datar and Venugopal over advice in the Religare-Care Health ESOP case, citing threats to legal independence

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

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