Eases

Space sector startups involved in satellite manufacturing, launch vehicle operations and component manufacturing are set to gain from the latest amendments to the foreign direct investment (FDI) rules for India’s space sector as they will help them tap global pools of capital to expand local manufacturing and production capacity, firms and experts told ET.Pranav Roach, president, Hughes Network Systems India Ltd, expects the latest FDI announcements to accelerate momentum in the satellite sector, especially in attracting…

India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market.India's space ambitions got a boost when it became the first country to land a spacecraft near the unexplored south pole of the moon in August - and the fourth to achieve a soft landing - just days after a similar Russian mission failed.The government said in a statement late on Wednesday…

China’s reported ban on the net sales of equities during market opens and closes theoretically makes it easier to prop up reeling stocks, in part by hamstringing quantitative traders at critical parts of the trading day. China’s reported ban on the net sales of equities during market opens and closes theoretically makes it easier to prop up reeling stocks, in part by hamstringing quantitative traders at critical parts of the trading day. FOLLOW US ON GOOGLE NEWS Read original article here Denial of…

The government on Wednesday eased Foreign Direct Investment (FDI) norms in the space sector with an aim to attract overseas players and private companies into the segment. The decision was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi. Now, the satellite sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector, according to an official statement. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

Carlsberg targeted 1%-5% operating profit organic growth this year, and said it would step up investments in the Chinese and Vietnamese markets and its premium brands, expecting long-term revenue growth slightly higher than previously forecast. Carlsberg targeted 1%-5% operating profit organic growth this year, and said it would step up investments in the Chinese and Vietnamese markets and its premium brands, expecting long-term revenue growth slightly higher than previously forecast. FOLLOW US ON GOOGLE NEWS…

Toyota pioneered hybrid cars with its uber-popular Prius model. Japan's Toyota raised its annual net profit forecast to a record high on Tuesday, reporting strong sales in all regions in the first three quarters as the global semiconductor shortage eases.…

Apple Apple is easing up on its App Store guidelines so that it’s now possible to “provide access to mini apps and games” within other apps. While that may sound a bit confusing, it essentially means that a company like Microsoft can now release an iOS Xbox Game Pass app that supports Xbox Cloud Gaming and lets players stream multiple games right from that app. To use Xbox Cloud Gaming on an Apple device right now, you’d need to use the web browser version of the technology, which isn’t as convenient or stable as…

The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

Last Updated: July 04, 2023, 09:29 ISTIn a significant move to combat traffic congestion, the Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the removal of unnecessary barricades from metro project sites.The effort has already resulted in the clearance of a whopping 84 kms of barricades, with more progress expected, according to Mumbai Mirror.MMRDA is currently building a metro network spanning 337 kilometres in the Mumbai Metropolitan Region. As part of the project, they have installed barricades…

The Federal Aviation Administration (FAA) is looking to limit the disruptions caused by rocket launches from Florida’s space coast, significantly reducing the amount of airspace closed off during liftoffs.You Could Soon Get Cash Back for Your Canceled FlightAfter reexamining the existing airspace restrictions for most Florida launches, the FAA determined that they were “too large and could be safely reduced,” the administration wrote in a recent statement. The FAA, therefore, introduced new, smaller zones for restricted…