Amid market volatility, promoter entities exchanged Wipro shares. Vijay Kedia invested in Advait Energy, while Bank of Baroda bid for Jet Airways’ office space. NTPC raised funds for expansion, and ICICI Bank divested its stake in NIIT-IFBI. Zydus Life received US FDA approval, and NCLT approved Maruti Suzuki’s merger. Boeing faces a new crisis after an Air India 787 crash in India.
- “HAL’s selection for the SSLV ToT will enable indigenous production and further development of small satellite launch capabilities, opening up new partnerships with domestic and international satellite operators,” Dr DK Sunil, Chairman and Managing Director of HAL, said.
- HAL presented the winning bid of ₹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, the PTI report said.
- NTPC raised funds for expansion, and ICICI Bank divested its stake in NIIT-IFBI.
- The SSLV was developed by the ISRO to launch small satellites into low-earth orbit at a shorter notice, a capability required by the defence forces in times of emergencies.
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According to the PTI report, the move is part of efforts to allow the ISRO to focus more on research and hive off the routine activities of launching satellites, using proven launch vehicles to the industry. According to HAL, SSLV is a compact, cost-effective, and highly flexible launch vehicle developed by ISRO to address the rapidly growing demand for launching small satellites into Low Earth Orbit. HAL will be the third company to build rockets after space sector start-ups Skyroot Aerospace and Agnikul Cosmos, the report added. Multi-presenter conference call mode filters out ambient noise whilst identifying multiple voices from all directions and distances, so all voices can be heard more clearly. Single-presenter conference call mode can filter out noise and other voices, and ensures only the voice in front of laptop can be heard. When you switch on the Target Speaker Tracking mode it can even target and track new talkers within a 180° arc, making the feature ideal for recording large groups as well as for individuals.
The agreement encompasses extensive training and handholding of HAL personnel by ISRO teams, both at ISRO and HAL facilities, for the realisation and launch of two SSLVs in the next two years, the report said. “We are looking forward to working closely under the ISRO and IN-SPACe’s guidance to progress in phases and realise the end objectives. We are confident of steering a cohesive ecosystem that enables more small satellite launches from India’s ports,” DK Sunil, CMD, HAL, said. Goenka said that ISRO will handhold HAL and assist it in building two prototype rockets over the next two years. After that, the state-owned company is expected to independently produce six to 10 SSLVs every year, depending on the demand. Goenka said nine companies had evinced interest in the transfer of technology of the SSLV, of which three were rejected.
“The SSLV technology transfer marks a pivotal moment in India’s transformative commercial space segment, as this is one of the first instances of a space agency transferring complete launch vehicle technology to a company,” he said. “Under this technology-transfer agreement, HAL will have the capability to independently build, own and commercialise SSLV launches,” Pawan Kumar Goenka, chairman, Indian National Space Promotion and Authorisation Centre (INSPACe), told a press conference in New Delhi. HAL presented the winning bid of ₹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, the PTI report said. In a message on X, HAL said that it will be responsible for absorbing, manufacturing and commercialising SSLV technology. “HAL’s selection for the SSLV ToT will enable indigenous production and further development of small satellite launch capabilities, opening up new partnerships with domestic and international satellite operators,” Dr DK Sunil, Chairman and Managing Director of HAL, said.
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The technology-transfer agreement will be signed among HAL, NSIL, ISRO and IN-SPACe. “This collaboration marks a significant step towards strengthening India’s commercial satellite-launch capabilities and more specifically, in enabling Indian industry in realising this SSLV,” Radhakrishnan Durairaj, Chairman and Managing Director of New Space India Limited (NSIL), said. The SSLV was developed by the ISRO to launch small satellites into low-earth orbit at a shorter notice, a capability required by the defence forces in times of emergencies. “HAL will be free to improve on the design and select its own vendors from the third rocket after the two-year period,” Goenka said.
Investigators are working to determine the cause of the crash. https://jetwin.co.in/ The focus shifts from Boeing’s progress to safety concerns.
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