The race for space has got real, and it is attracting funding like never before. In 2022 so far, funding to private players in the space sector has jumped a whopping 61.5 per cent - soaring to $108.52 million compared to $67.2 million in 2021. Propelling it is the government's decision to open up the space sector to private players and the work done by companies like Skyroot Aerospace, the Hyderabad-based start-up behind the launch of India's first privately developed rocket on November 18.
'This may open up doors for private players in India to collaborate with global players in commercial missions.'
India Inc is staring at significantly higher compliance and governance costs, following the Securities and Exchange Board of India's (Sebi's) latest tightening of disclosure norms and regulations around the filling of key positions, the materiality of information, and third-party transfers. Recently, the securities market regulator amended the Listing Obligations and Disclosure Requirements (LODR) to introduce a raft of changes that will affect how listed companies go about transparency and disclosures. The new framework will further empower public shareholders and soon move towards a 'comply or be penalised regime or comply or explain' in the case of high-value debt-listed entities.
The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as 'high risk' and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration.
The Vishnu Purana, notes A K Bhatacharya, ends on a sombre note, but not without offering the hope that those who chant Vishnu's name can still reclaim dharma.
After losing his driver to Covid, Ahmedabad engineer Shivam Dhruva felt the need to build an app that will provide latest medical updates at the click of a button, free of cost.
December 16, 1971. A Day Never To Be Forgotten.
The mission objective is to ensure data continuity of ocean color and wind vector data to sustain the operational applications.
On Thursday, the four-stage, 44.4 metre tall PSLV-C53 that blasted off from the second launch pad of Satish Dhawan Space Centre and placed the three Singapore satellites--DS-EO, NeuSAR and SCOOB-1 in intended orbit.
Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.
Sukanya Verma's OTT recommendations for the week.
The video comes just days after 20 Indian soldiers lost their in a "violent face-off" with Chinese troops in the LAC across Galwan Valley of Ladakh.
Rakul Preet Singh on her forthcoming Telugu film Dhruva, working with Ram Charan and more
Army's Northern Command, popularly known as 'Dhruva Command', on Wednesday celebrated its 44th Raising Day as its chief Lt Gen DS Hooda encouraged the troops to continue maintaining their "exalted standards" through professionalism, dedication and devotion to duty.
Here's a look at what these young actors are up to.
Adhoori, with good performances by Dhruva Sarja and Radhika Pandit, lives up to its name.
With days to go before the new tax regime around crypto assets kicks in, several investors are reportedly either booking profits, rejigging their portfolios or moving their crypto assets to their private wallets outside of India. Starting April, gains from trading in crypto and other virtual assets like non-fungible tokens (NFTs) will be taxed at a flat 30 per cent, as announced in the Union Budget. And, 1 per cent of tax will be deducted at source (TDS) on every transaction involving crypto and other virtual assets. The new tax regime also bars investors from offsetting losses from one crypto asset (such as Bitcoin) against gains from another (say, Ethereum).
The group, carrying party flags, were heard shouting the slogan en route to the Shahid Minar ground.
Two Kannada films will release this festive season.
'Though I welcome the reduction of tax rates for corporates, I wonder why the benefits have been restricted to corporates and not to other business entities such as limited liability partnerships and partnership firms. This needs consideration', says Dinesh Kanabar.
Congratulations, Akshita and Manu!
Joginder Tuteja points us to the busiest actresses down south.
A week after the Income Tax Department's much publicised new e-filing portal went live, users continued to face technical glitches ranging from longer than usual logging time, inability to respond to notices and not all features functioning yet, chartered accountants said on Monday. The new portal, "http://www.incometax.gov.in/"www.incometax.gov.in, was launched last Monday (June 7), which the tax department as well as the government said was aimed at making compliance more taxpayer-friendly. But users complained of technical issues facing the site from the very first day and not everything has been fixed even after a week, chartered accountants (CAs) said, adding that taxpayers are unable to view past e-filed returns and many features/ facilities continue to be marked 'coming soon'. Finance Minister Nirmala Sitharaman herself had asked Infosys - the vendor which created the portal - and its Chairman Nandan Nilekani to fix the technical glitches.
While participation of start-ups in the space sector has largely been minimal so far, their involvement will be key towards building India's very own aerospace companies such as Maxar, Elon Musk's SpaceX and Rocket Labs, according to experts.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Get Ahead reader Bhautik Joshi attended Nasscom Games Developers Conference 2011 in Pune. His observations on the gaming industry.
Dr Kakodkar's strategic stubbornness ultimately got India what it wanted though the negotiations with the US went to the wire, notes Shivanand Kanavi.
Actress Shirin Shringar talks about making a comeback in Kanadda films.
The I-T department issued a circular allowing manual filing of Form 15CA/15CB (required for foreign remittances) with banks till June 30, so that business transactions may go on. The forms will be uploaded online on the e-filing portal later, it added.
Chiranjeevi Sarja on his third Kannada film.
In a chat with Getahead readers on June 22, Dhruva Raj Chatterji research manager at iFAST Fundsupermart.com, AMFI registered mutual fund distributor, answered queries about contra and value mutual funds. For those who missed the chat here is the transcript.
BARC uses sea water for its two research reactors--Dhruva and Cirus--for cooling purposes. "We have asked BARC not to use sea water for any of their facilities as it is polluted with oil spill from vessels after a collision on Saturday," a senior Coast Guard official told PTI on condition of anonymity.
Some international markets offer interest rates as low as one per cent, which could reduce the government's interest cost significantly.
US proposal to raise the global corporate tax rate to 28% from 21% might face resistance from countries unwilling to give up their edge and compete with America on its terms.
The US has the distinction of destroying a flawed but functioning State thrice since 1979. Pakistan has been their constant accomplice, explains Shekhar Gupta.
T A Pai Management Institute, Manipal, invites business school students and corporates to attend its annual management festival, Atharva 2006.
Entertainment, Dhruva will be working with the company to produce games that could be marketed both in local and international markets. The company will also introduce the use of motion-sensing technology, made popular by Nintendo Wii, to PS2 game developers this year.
The Vivaad se Vishwas scheme is a replica of the Sabka Vishwas (Legacy Dispute Regulation) Scheme, 2019 (SVLDRS) for indirect tax litigation. The hope is that this would unlock revenue blocked in long-drawn litigation at various forums. Sources in the department say the total value at stake in these disputes would be Rs 5-6 trillion.
The revenue collection in the same month a year ago stood at Rs 94,442 crore.
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