Try GOLD - Free
Space race: Get startup rivalry ready for lift-off
Mint Chennai
|June 24, 2025
India's space programme has taken a step forward.
-
Our space agency, the Indian Space Research Organisation (Isro), has outsourced the manufacture of an entire satellite launch system to another entity—Hindustan Aeronautics Ltd (HAL)—in this instance. This should accelerate our space thrust in terms of both commerce and know-how. 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, but push frontiers.
This story is from the June 24, 2025 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
RBI proposes FX risk norm changes
Reserve Bank of India (RBI) on Wednesday proposed changes to how banks calculate their net foreign exchange exposure and the capital needed to be set aside against potential foreign exchange (FX) risk.
1 min
January 15, 2026
Mint Chennai
Ireda shines in December quarter, but NPA risks remain
Shares of Indian Renewable Energy Development Agency Ltd (Ireda) rose about 1% after its December-quarter (Q3FY26) results showed a strong 38% jump in net profit to ₹585 crore, aided by robust interest income growth and a slower rise in funding costs.
1 mins
January 15, 2026
Mint Chennai
Why India’s InvITs prefer to stay private
Valuation and liquidity concerns have been keeping InviTs overwhelmingly private
3 mins
January 15, 2026
Mint Chennai
NEET-PG cutoffs slashed to fill seats
With over 18,000 postgraduate medical seats vacant and hospitals facing a shortage of specialists, the National Board of Examinations in Medical Sciences (NBEMS) has moved to prevent a costly waste of training capacity.
1 min
January 15, 2026
Mint Chennai
Turning point: Retirement planning for your mid-50s
Stop chasing returns and focus on protecting capital through stability, liquidity, risk control
3 mins
January 15, 2026
Mint Chennai
Unacademy plans to exit offline centres
Gaurav Munjal told employees company aims to shift to franchise model
2 mins
January 15, 2026
Mint Chennai
PAN-INDIA FILMS: FEW HITS, MANY DUDS
Some southern films may be runaway hits in their home market but their Hindi dubs bomb at the box office
8 mins
January 15, 2026
Mint Chennai
Centre to enforce strict hair transplant safety standards
Only qualified medical professionals will be permitted to perform these procedures
2 mins
January 15, 2026
Mint Chennai
State Street to buy 23% in Groww MF for ₹580 cr
State Street, the world's fourth largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww.
1 min
January 15, 2026
Mint Chennai
ICICI Lombard: Misplaced fears?
ICICI Lombard General Insurance Co. Ltd's shares fell on Wednesday, despite the sharp boost in its gross domestic premium income (GDPI) growth rate to 13.3% in the December quarter (Q3FY26).
2 mins
January 15, 2026
Listen
Translate
Change font size
