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Space race: Get startup rivalry ready for lift-off

June 24, 2025

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Mint Mumbai

Isro's award of a satellite launcher contract to HAL will free its resources to focus on new frontier space-tech even as India holds its breath for what private competition will deliver

Space race: Get startup rivalry ready for lift-off

India's space programme has taken a step forward. Our space agency Indian Space Research Organisation (Isro) has outsourced the manufacture of an entire satellite launch system to another entityHindustan Aeronautics Ltd (HAL), in this instance. This should accelerate our space thrust in terms of both commerce and knowhow. Sourcing components from third parties, to which Isro transfers design and technology, has been an integral part of its operations. From engineering majors L&T and Godrej Aerospace to specialists like MTAR Technologies and small electronics firms, over 500 companies have contributed to Isro's low-cost conquest of space. As its capabilities and needs grew, the government set up two new entities half a decade ago to facilitate private sector participation in space projects. While NewSpace India Ltd interfaces with various businesses (even as Antrix Corp markets Isro's services), the Indian National Space Promotion and Authorisation Centre acts as the sector's supervisor. As the world moves ahead in space exploration, we must not just keep pace, b

المزيد من القصص من Mint Mumbai

Mint Mumbai

Israel to relocate Jews from northeast

Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.

time to read

1 min

November 26, 2025

Mint Mumbai

IndoSpace Core acquires six logistics parks for over $300 mn

IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.

time to read

1 min

November 26, 2025

Mint Mumbai

Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

time to read

3 mins

November 26, 2025

Mint Mumbai

Husk Power aims to raise $400 mn

Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).

time to read

1 min

November 26, 2025

Mint Mumbai

Don't make AI models but make the most of what exists

Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

time to read

2 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

KKR strengthens its play in Lighthouse

Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.

time to read

1 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

JioMart pulled up for uncertified walkie-talkies

India's top consumer watchdog has held Reliance JioMart guilty of misleading advertisements and unfair trade practices by allowing the sale of uncertified walkie-talkies on its platform, government officials aware of the matter said, in a first such action against an e-commerce portal.

time to read

1 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

Old medical history vs current claims: What do Irdai rules say?

My insurer has rejected my claim for acute motor axonal polyneuropathy, citing nondisclosure of resolved 2008 ankylosing spondylitis diagnosis. As it was fully cleared, I didn’t consider it relevant when buying the policy. Can insurers deny the claim on this basis, and what do Irdai rules say?

time to read

2 mins

November 26, 2025

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