After the successful deployment of Chandrayaan-3's lander and rover on the moon, Indian Space Research Organisation (ISRO) is hoping that their mission life will not be limited to one lunar day or 14 earth days, and that they will come back to life when the sun again rises on the Moon, to carry on with the experiments and studies there.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
'Investing in a factor-based fund can be beneficial provided you have chosen the right factor.'
Glimpses of what the historic Chandrayaan Mission discovered on the dark side of the Moon.
Foreign Portfolio Investors (FPIs) have pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months, enthused by the country's steadily improving macroeconomic fundamentals. However, inflows in July may be subdued as FPIs might adopt cautious stance due to the recent comments from the US Federal Reserve, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said. Besides, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said FPIs are likely to turn a bit cautious going forward as valuations in the country are rich from a short-term perspective.
The Indian Space Research Organisation (ISRO) on Thursday announced that its lunar mission Chandrayaan-3 will be launched on July 14 from the space port at Sriharikota in Andhra Pradesh.
Ferrari's Carlos Sainz won the Singapore Grand Prix on Sunday to end Formula One leader Max Verstappen's record run of 10 wins in a row.
Haas had argued that Alonso's car was in an unsafe condition after a collision because the right-hand mirror, which eventually fell off, was moving around. They also made the point they had been shown a black and orange flag, requiring a driver to pit due to mechanical problems or loose bodywork, on three occasions this season.
Max Verstappen clinched his second win of the season as the Australian Grand Prix was halted with three red flags.
The Chandrayaan-3 mission that aims for a soft landing on the moon's surface, paving the way for future interplanetary missions, carries six payloads that would help ISRO understand the lunar soil and also get the blue planet's photographs from the lunar orbit.
Portfolio management services (PMS), catering to higher networth individuals (HNIs), are facing tough competition from emerging alternative investment funds (AIFs), evident from their dwindling client base. In May, the number of clients for the industry stood at 125,390, down 20,528 in two months, shows data from the Securities and Exchange Board of India (Sebi). "PMS managers also have a high active ratio, which means their portfolios are quite differently positioned and more actively managed, compared to the benchmark, which is also a highlight for long-term investors.
This is the sixth of seven ships built under 'Project 17 Alpha' for the Navy. The first five ships of the project were launched between 2019 and 2022.
Summer days are great for an indulgent sweet treat that can be topped with walnuts and rose petals.
Red Bull's Max Verstappen qualified comfortably faster but dropped five places for a gearbox change.
The WHO said the four current 'Variants of Concern' being monitored closely - Alpha, Beta, Gamma and Delta - are widespread and have been detected in all WHO regions.
Max Verstappen won Red Bull's home Austrian Grand Prix from pole position and with the fastest lap on Sunday for the team's 10th successive Formula One victory and ninth in nine races this season.
It was Hamilton's first pole position since Saudi Arabia in December 2021.
Besides his strategic and tactical acumen, it was his amazing personality, quick wit and ability to remain unflustered under any circumstances that stood him apart from almost any leader one has read about or known, recalls Lieutenant General Syed Ata Hasnain (retd).
Seven times world champion Lewis Hamilton was seventh for Mercedes and Lance Stroll collected the final point for Aston Martin.
"I'm just extremely grateful that I'm here, and tonight I'm going to call my family and all my loved ones. I passed two metres from that crane. If, I had been two metres to the left, I would have been dead."
Researchers at Public Health Scotland and the University of Edinburgh, UK, found that the Pfizer-BioNTech vaccine offered better protection against the Delta variant compared to the Oxford-AstraZeneca preventive, known as Covishield in India.
Shares of asset management companies (AMCs) have rallied in the last 3-4 sessions due to clarity on regulatory changes in total expense ratios (TER) and expectations that it won't upset profits much in the long run. HDFC AMC has gained over 12 per cent in the last four sessions, while Nippon AMC and UTI AMC are up around 5 per cent. Aditya Birla Sun Life (ABSL), the only other listed AMCs, has risen more than 2.3 per cent in the last four sessions.
'...over the long-term can be done only by investing in equities.' 'And during weak macros, one needs t1o allocate more than drawing it down, because they offer the best entry point.'
Lander Module of Chandrayaan-3 spacecraft comprising the lander and rover has successfully separated from the Propulsion Module, Indian Space Research Organisation said on Thursday.
The rover will carry out in-situ chemical analysis of the lunar surface during the course of its mobility.
The team led by researchers at the University of Maryland in the United States found that people infected with SARS-CoV-2 exhale infectious virus in their breath, and those infected with the Alpha variant put 43 to 100 times more virus into the air than people infected with the original strains of the virus.
Ferrari's Charles Leclerc secured pole position for the Singapore Grand Prix on Saturday after a furious Max Verstappen was forced to abandon his fastest lap for fear of running out of fuel.
Belgian Jasper Philipsen took second place with France's Christophe Laporte finishing third, eight seconds behind.Overall, Van Aert leads compatriot Yves Lampaert (Quick Step Alpha Vinyl) by 25 seconds and defending champion Tadej Pogacar (UAE Emirates) by 32.
Friday's mission is the fourth operational flight of LVM3 which aims to launch the Chandrayaan-3 spacecraft into a Geo Transfer Orbit.
Formula One and the championship-leading Red Bull team mourned the death of the energy drink company's Austrian founder Dietrich Mateschitz on Saturday at the age of 78.
Actively managed mutual fund (MF) schemes had been at the receiving end over the past few years for their inability to beat their benchmarks. However, the slump in shares of Adani Group companies - two of which are part of the benchmark National Stock Exchange Nifty50 index - have helped them improve their performance vis--vis exchange-traded funds (ETFs) or index funds.
Max Verstappen won the season opener as Red Bull registered a dream start with a one-two finish at the Bahrain GP.
The government is at a "fairly advanced stage" of finalising a well-coordinated e-commerce policy and consumer protection rules, which will incorporate provisions of Open Network for Digital Commerce (ONDC), Department for Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on Thursday. "E-commerce rules and e-commerce policy will be congruent with each other... That exercise is at a fairly advanced stage," Singh told reporters. The remarks come on a day the number of daily transactions on the platform has gone up 500 times since the beginning of this year with the number of retail merchants added to its roster growing 40-fold.
The Delta variant of COVID-19, or the B1.617.2 variant of concern (VOC) first identified in India, is about 60 per cent more transmissible than the Alpha strain identified in the United Kingdom and also reduces the effectiveness of vaccines to some extent, UK health experts report.
India will become the fourth country to master the technology of soft-landing on the lunar surface after the US, China and the erstwhile Soviet Union.
As India witnessed the highest number of Covid cases in over four months, former All India Institute of Medical Sciences (AIIMS) director Dr Randeep Guleria on Wednesday said the new XBB.1.16 variant could be driving the recent rise but emphasised there was no need for panic as long it does not cause severe illness and deaths.
Copenhagen is known as the world's most bike-friendly city but the stage was anything but as rain led to slippery conditions -- especially on the cobblestones -- where a couple of riders crashed.
Notwithstanding sharp volatility in March, mutual fund (MF) investors didn't fight shy of investing in riskier small-cap-oriented schemes. Inflows into small-cap funds were not just the highest in absolute terms, they were also the maximum as a proportion of assets under management (AUM) among all market capitalisation (m-cap)-oriented categories. Investors funnelled Rs 2,430 crore down small-cap funds - 1.8 per cent of their AUM of Rs 1.33 trillion.
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