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India’s space technology sector has witnessed an extraordinary transformation over the past two years, achieving a remarkable 235% growth and securing a record $126 million in funding in 2023. This surge underscores India’s emergence as a formidable player in the global space tech arena, driven by innovation, strategic investments, and robust government support. A Rapidly Growing Ecosystem: The Indian space…
In a thrilling display of skill and determination, Indian shooters Manu Bhaker and Sarabjot Singh clinched the bronze medal in the 10m air pistol mixed team event at the Paris Olympics 2024. This remarkable achievement marks India’s second bronze medal at the Games and adds another feather to the cap of these talented athletes. Historic Achievement: Manu Bhaker and Sarabjot…
In a momentous achievement, Ramita Jindal has etched her name in the annals of Indian sports history by reaching the final of the women’s 10m air rifle event at the Paris 2024 Olympics. This remarkable feat not only highlights her exceptional talent but also marks a significant milestone for Indian shooting on the global stage. The Journey to the Final…
In a historic move, Prime Minister Narendra Modi has launched the construction of what will become the world’s highest tunnel at Shinkun La. This ambitious project, situated at an altitude of approximately 15,800 feet, is set to revolutionize connectivity and development in the region. The Shinkun La tunnel, a 4.1 km long twin-tube marvel, is being constructed on the Nimmu-Padum-Darcha…
The Ministry of Road Transport and Highways has launched a pilot project for a Global Navigation Satellite System (GNSS)-based toll collection system on select national highways. This initiative aims to complement the existing FASTag system, providing a seamless and efficient tolling experience for highway users. The GNSS-based system will initially be tested on the Bengaluru-Mysore section of NH-275 in Karnataka…
In a significant move towards sustainable development, the Greater Noida-based company LOHUM has announced an investment of Rs 2,000 crore to establish a state-of-the-art battery recycling plant in Krishnagiri, Tamil Nadu. This ambitious project is expected to create approximately 1,000 new jobs, providing a substantial boost to the local economy. LOHUM, known for its innovative approach to recycling and repurposing…
Nita Ambani, a prominent Indian philanthropist and the Founder of Reliance Foundation, has been re-elected as a member of the International Olympic Committee (IOC) during its 142nd session in Paris. This unanimous decision marks a significant milestone for Indian sports, reflecting the country’s growing influence on the global stage. Since her initial appointment in 2016, Nita Ambani has been a…
SpiceJet, one of India’s leading low-cost carriers, has announced plans to raise up to ₹3,000 crore through a Qualified Institutional Placement (QIP). This strategic move is aimed at bolstering the airline’s financial health, reducing debt, and supporting its expansion plans. Here’s a detailed look at what this means for SpiceJet and the broader aviation industry. Understanding QIP and Its Importance…
Finance Minister Nirmala Sitharaman outlined nine key priorities in the Union Budget 2024, aimed at guiding India towards strong development and all-round prosperity. These priorities are essential for achieving the goal of a “Viksit Bharat” (Developed India) by 2047. 1. Productivity and Resilience in Agriculture • Focus: Enhancing agricultural productivity and resilience. • Initiatives: Allocation of ₹1.52 lakh crore for…
the Board of Control for Cricket in India (BCCI) has announced significant financial support for Indian athletes participating in the upcoming Paris Olympics. This initiative aims to bolster the athletes’ preparations and enhance their performance on the global stage, reflecting the nation’s commitment to sporting excellence. 1. The Announcement: The BCCI’s decision to provide substantial monetary assistance of INR 8.5…