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Centre to Speed Up New $3 Bn Scheme for Spy Satellites

Mint Mumbai

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May 12, 2025

India is looking to give its satellite-based surveillance capabilities a rapid makeover, as the country navigates a tenuous ceasefire with neighbour Pakistan after the worst hostilities since the Kargil war of 1999.

- Shouvik Das

Centre to Speed Up New $3 Bn Scheme for Spy Satellites

The Centre has tasked three private firms—Ananth Technologies, Centum Electronics, and Alpha Design Technologies—to compress their satellite development timeline from four years to 12–18 months, according to three people aware of the matter. The satellites are now targeted to be ready by end-2026 or earlier instead of end-2028, the three people said, requesting anonymity due to the matter's sensitivity.

One of the satellites—under advanced stages of development by Ananth Technologies—may even be ready this year itself, one of the people cited above said. It would be launched either aboard Isro's heavy rocket, Launch Vehicle Mark-III (LVM3), or Elon Musk-backed SpaceX—depending on their respective mission schedules this year.

The soft orders to expedite the latest generation of surveillance satellites were issued from the ministry of defence (MoD) just before India commenced Operation Sindoor against Pakistan.

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Mint Mumbai

Mint Mumbai

The world sees hope for a two-state solution. Israelis and Palestinians see none.

Rising global chagrin with Israel is leading to a push to revive the two-state solution. This may be its last chance

time to read

5 mins

September 22, 2025

Mint Mumbai

Mint Mumbai

PRIVATE CAPITAL REVIVAL STAYS ELUSIVE. ARE INVESTORS TO BLAME?

Even before Aamir Khan immortalised the character of Rancho in the movie Three Idiots, Bertie had met a real-life Rancho. Duke was Bertie’s senior and dorm-mate in college, and it was well-known on campus that he would join his family business after graduating.

time to read

2 mins

September 22, 2025

Mint Mumbai

The myth of market buoyancy has multiple holes in it

A recent research report from a prominent Mumbai brokerage house has shocked Indian capital markets by lifting the veil over the Indian stock market's nonperformance.

time to read

3 mins

September 22, 2025

Mint Mumbai

Mint Mumbai

Govt scans prices for profiteering as tax cuts kick in

As the biggest reform in India's goods and services taxes (GST) rolls out today, the Centre will be monitoring whether companies actually pass on the tax cuts or keep the gains to themselves.

time to read

3 mins

September 22, 2025

Mint Mumbai

Vengeance is far harder to carry out than it may seem

n June last year, aman named Renukas-wamy, who worked ina medical shop, was found dead miles away from home in a drain in Bangalore.

time to read

4 mins

September 22, 2025

Mint Mumbai

Mint Mumbai

H-1B fee hike spells gloom for Indian IT

Bigger firms may handle costs better, other sectors affected too

time to read

3 mins

September 22, 2025

Mint Mumbai

Mint Mumbai

PM asks small businesses, states to back swadeshi movement

Prime Minister Narendra Modi on Sunday appealed to states and micro, small, and medium enterprises (MSMEs) to play a key role in boosting the domestic manufacturing sector with globally acclaimed quality products that will fuel India’s pursuit of prosperity on the back of a swadeshi movement.

time to read

1 mins

September 22, 2025

Mint Mumbai

Mint Mumbai

ChrysCapital to whip up a $200 million dessert storm

India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.

time to read

2 mins

September 22, 2025

Mint Mumbai

'Skill education to join school syllabus'

The government is considering to add skill based learning be incorporated in the curriculum of Class 11 and 12 as per the recommendations of the National Education Policy 2020 (NEP 2020), Union minister Dharmendra Pradhan said on Sunday.

time to read

1 min

September 22, 2025

Mint Mumbai

Mint Mumbai

Govt may not fine green project exits

Until now, such surrender of projects wasn't allowed. In case developers sought to abandon projects, the government forfeited their bank guarantees

time to read

3 mins

September 22, 2025

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