The last year has seen public sector undertakings (PSUs) outperforming the Nifty50, albeit by a small degree. But PSU valuations are still, on average, less than half of private sector peers at price-to-equity or PE 8.7x for the Nifty PSU Index versus 20.9x for the Nifty50. There are several reasons for lower valuation.
The polar satellite launch vehicle-C42 launch vehicle carrying the two satellites blasted off from the first launchpad at the Satish Dhawan Space Centre at 10.08 pm.
This would be the 44th flight of the PSLV and the third launch by ISRO this year.
Antrix, ISRO's commercial arm, is eyeing 10% of the $357 billion global market.
Thirty-four years after he traveled to space, Wing Commander Rakesh Sharma tells Rediff.com's Archana Masih that he looks forward to Gaganyan, India's first manned space mission in 2022.
Three hatchbacks have been muscled up to offer a more adventurous driving experience.