The Indian Space Research Organisation row has intensified with its former chief G Madhavan Nair writing to the Prime Minister's Office to order an enquiry into the reasons behind the annulment of the controversial Antrix-Devas deal and the procedure followed, in a fresh salvo at his successor K Radhakrishnan.
New Delhi is vulnerable to US sanctions under a 2017 law called CAATSA.
Even as the ISRO spectrum deal snowballs into a major issue, with the Opposition parties gunning for the United Progressive Alliance government, the head of the Indian Space Research Organisation Dr K. Radhakrishnan said that the Antrix-Devas S-band spectrum deal was recommended to be annulled in 2010 and the Department of Space is going through the process of reviewing the agreement.
"The CAG's office and Department of Space have already issued statements stating the factual position on the matter. It is further clarified that no decision has been taken by the government to allocate space segment using S-Band spectrum to ANTRIX or Devas. Hence, the question of revenue loss does not arise and any such reports are without basis in fact," the PMO statement said.
This is the first meeting of the commission since the July 2, 2010 meet, which decided to terminate the Devas-Antrix deal. The meeting will take a call on the action taken report of the last meeting.
The UPA government looks set to give the contract a decent burial and, in turn, redeem ISRO and itself.
ISRO, through Antrix Corporation, has inked commercial agreements with EADS Astrium of Europe to jointly make and supply two commercial communication satellites.
In order to have protection against drone attacks, all the three defence forces including the Army, Navy and Air Force have signed contracts for acquiring DRDO-developed anti-drone systems.
Bharti group-backed OneWeb and New Space India Limited, the commercial arm of the Indian Space Research Organisation, have entered into an agreement that will help ensure OneWeb completes its satellite launch programme. The first launch with New Space India is expected in 2022 from the Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota. The launches will add to Low Earth Orbit (LEO) satellite communications firm OneWeb's total in-orbit constellation of 428 satellites -- 66 per cent of the planned total fleet -- to build a global network that will deliver high-speed, low-latency connectivity.
The new BrahMos missiles will be 'dual-role capable', which means warships can fire them at targets on land as well as at enemy warships.
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
The Department of Space (DoS) plans to realise entirely-built rockets -- GSLV-Mk III and SSLV -- from Indian industry partners, in addition to PSLV, according to a top official of its commercial arm NSIL.
A French court has ordered freezing of an Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a USD 1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy.
The 3,357-kg satellite is slated to blast off from the Ariane Launch Complex at Kourou, a French territory located along the northeastern coast of South America, at 02:35 hrs IST. "GSAT-30 is to serve as a replacement to INSAT-4A spacecraft services with enhanced coverage", ISRO said.
The BrahMos export order would be the biggest for the country in this field and is likely to propel India amongst arms exporting countries as more orders for the missile are expected from other friendly countries.
ISRO to launch EU satellite, earn $10 million
Prasar Bharti CEO K S Sarma on Friday said the state broadcaster's direct-to-home telecast will be launched on schedule from April 1.
There was no word on the much-anticipated procurement of 26 naval variants of Rafale fighter jets by India from France.
A US court has asked Antrix Corporation, the commercial arm of Indian Space Research Organisation, to pay a compensation of USD 1.2 billion to a Bengaluru-based startup, Devas Multimedia, for cancelling a satellite deal in 2005.
The country's largest listed footwear brand by market capitalisation, Metro Brands, posted better than expected December quarter results for the 2022-23 financial year (FY23), riding on store expansion and strong same store sales (SSS) growth. Profitability too remained robust, even as net profit growth was marginally lower. The company, which retails across the Metro, Mochi, Walkway, Crocs and Fitflop formats, posted a 24 per cent growth in revenues over Q3FY22.
The National Institute of Virology (NIV) in Pune under the ICMR has isolated the monkeypox virus from the clinical specimen of a patient, which can pave the way for development of diagnostic kits and vaccines against the disease, officials said on Wednesday.
The MoD did not reveal the number of missiles procured through the latest contract.
However, this information was inadvertently revealed through an official MoD photograph that accompanied the announcement.
Launches cloud-based version of solution to target mid-size clients in life sciences.
While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
'It's not only painful annoying and bothersome, the worst thing is its unpredictability.'
Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report by a US short-seller. Group CFO Jugeshinder (Robbie) Singh in an earnings call said the group is confident of its internal controls, compliance and corporate governance. Separately, it released a compendium of group companies to highlight that it has adequate cash reserves and has ability to refinance debt.
The dreary, cold months from December to February may prove to be the undoing of many a nation as they grapple with sky-high fuel prices - a result of the Ukraine conflict and the pandemic. Many - Europe, South Korea, Japan, and China - will still pull through on the strength of their wealth or because of strong storage infrastructure. But India will have its back to the wall. Signs of liquefied natural gas (LNG) rates hitting new records this winter are already evident.
The Supreme Court on Wednesday granted the Securities and Exchange Board of India time till August 14 to complete its probe into the allegations of stock price manipulation by the Adani group. A bench headed by Chief Justice D Y Chandrachud directed the SEBI to file an updated status report of the investigation.
Indian Space Association (ISpA) chairman Jayant Patil has said that the executive council will debate whether it can include more telecom companies as founding members. The response came after some leading telcos said that they had been asked to be core members but preferred to be inducted as founding members. The key founders of the ISpA include the Bharti group through two companies (OneWeb and Airtel), L&T, Nelco, Walchandnagar, Alpha Designs and MapmyIndia.
Roles ranging from digital marketing to wealth management are some of the emerging roles, notes Sekhar Garisa, CEO, foundit, a job search app.
'Russia has got inherent military strength, they have a very good military equipment manufacturing infrastructure and by and large they are self-sufficient in their production capabilities'
There has been no loss of revenue arising out of the Antrix-Devas deal as the agreement has been annulled, the Lok Sabha was informed on Wednesday.
The defence ministry on Thursday sealed a contract to procure 118 main battle tanks Arjun for the Indian Army at a cost of Rs 7,523 crore, in a major move to boost its combat capabilities.
With the Indian Navy's requirement of conventional submarines standing at 24, there is critical need to expedite the planned acquisition of six more conventional submarines.
A long and bitter funding winter in the start-up world is beginning to take its toll on start-up advertising across properties. Earlier this week, Mastercard replaced Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI). But this is just one part of the story. The other side is that organisers of high-impact shows and events on Hindi general entertainment channels, too, are feeling the winter chill.
During the meeting, Gantz emphasised the opportunity to invest further in defence cooperation between the two countries.
The vaccination rate needs to go up by three to four times, assert Ajay Shah and Amrita Agarwal.
Sources said of the 13,700 crore, Rs 8,300 crore will be for procuring 118 Arjun (Mk-1A).
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