SPACE POLICY
Eric Garcetti lauds India, USA partnership, says it is shaped by defence, technology, space and more
Experts at a two-day meet in New Delhi last week discussed the India-USA partnership shaped by commerce, technology, people, and security. Pradeep S Mehta, Secretary General of CUTS International, emphasized that while India and the US maintain a strong friendship, they are not formal treaty allies. This partnership grows amidst a stable relationship with Russia, which India views as a balancing force against China.
Delhi HC sets July 25 as deadline for Centre to decide on allotment of office space to AAP
The Delhi High Court extended the Centre's deadline to July 25 for AAP's office allocation. Supreme Court extended AAP’s Rouse Avenue stay until August 10. Justice Narula denied further extensions. The March order first gave AAP time until June 15. The Centre cited tasks. AAP seeks land per policy via filed petitions.
Eutelsat OneWeb, Jio seek provisional satellite spectrum to be future-ready
Eutelsat OneWeb and Reliance Jio, in a meeting with Scindia and space ecosystem stakeholders, sought provisional satellite spectrum for fast launches. Holding GMPCS licenses and IN-SPACe approvals, with pending DoT and landing rights authorisations, they aim to compete with Kuiper and Starlink. India's space economy could hit $44 billion by 2033 with appropriate policies.
Sushant Bhansali on two sectors that can create great value in FY-25
Also, from a populist versus fiscal prudence, I would say that fiscal prudence will take the precedence but some populist measures which will be there which should augur well for the economy from a rural side, lower end of consumption strata. So, those are the things which we are expecting from this Budget.
Space regulator nod must from April 1 next year for use of non-Indian satellites
The Indian government has issued an advisory requiring satellite television broadcasters to obtain authorisation from IN-SPACe, India's space regulator, for using non-Indian satellites starting from April 1, 2025. This directive aligns with the Indian Space Policy-2023 implemented by IN-SPACe, which mandates that only authorised non-Indian satellites can provide services in India.
Space regulator nod must from April 2025 for use of non-Indian satellites
The government advises private television channel broadcasters to get IN-SPACe authorisation for non-Indian satellites by April 1, 2025. Following the Indian Space Policy-2023 and May NGP issuance, existing services continue until March 31, 2025. From April 2025, only authorised GSO/NGSO satellites can provide services. New capacity in C, Ku, Ka bands requires authorisation through an Indian Entity.
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Industrial and warehousing sector absorption increases 21.9% year-over-year
The industrial and warehousing sector in India saw a 21.9% increase in absorption in the first half of 2024, with the 3PL sector driving demand with a 33% share. Tier I cities accounted for 78% of absorption, while Tier II and III cities accounted for 22%. The sector also saw a supply addition of 28.2 million square feet, with 77% concentrated in Tier I cities and 23% in Tier II and III cities. The e-commerce sector is expected to surge further as it adopts new models to expand urban distribution and extend its footprint into tier-II & III locations.
Should investors take a fresh bet on railway stocks just ahead of Budget? Gurmeet Chadha answers
I think you have to be selective here and probably differentiate between life and non-life insurers. If you see the June data, there are some green shoots. Even LIC has had 30% APE growth. APE is your annualized premium equivalent because a lot of policies are also sold as single premium or where the premiums are upfronted. HDFC Life reported a decent set of numbers.
India's high public debt offers limited space for welfare spending: Report
A recent report by Goldman Sachs highlighted India's constrained fiscal space due to high public debt, suggesting limited room for stimulus measures. The report anticipates Finance Minister Nirmala Sitharaman to adhere to fiscal consolidation targets in the upcoming budget, possibly focusing on welfare spending over capital expenditure.
Gaurav Misra on two sectoral themes to bet on right now
As a house we have been fairly comfortable within the banking and financial space and that is a space where clearly we are seeing a good credit growth cycle, asset quality cycle, and there is a fair amount of, a few years at least of that continuing from where we are right now, that is one big space actually where we are comfortable with.
Corporates embrace more flexibility amidst the hybrid work model
About 30% of occupiers are expected to expand their use of flexible office space over the next 12 months, while 17% are likely to consolidate their offices into fewer locations, CBRE said in its latest ‘2024 India Office Occupier Survey’.
Why Budget 2024 must have more than Sensex on its radar
Budget 2024: The Union budget is set to dominate headlines in India, with the question of whether realpolitik or coalition compulsions will dictate the budget's economic policy. The interplay between economics and politics is not new to India, as it is part of elected democracies. The BJP's performance fell short of expectations due to inflation and unemployment, both factors within the domain of economic policy.
Chinese rocket accidentally launches during test, then crashes
Because of a "structural failure," the Tianlong-3 rocket separated from its testing platform while its propulsion system was being tested and lifted off from its launchpad, the rocket's owner Space Pioneer said in a statement. The accident occurred at 3:43 p.m. local time Sunday at a test facility in Gongyi city in central China's Henan province, the statement said.
Incomplete transmission of policy rates could delay reversal of rate cycle by RBI
RBI faces challenges in rate transmission due to incomplete hikes. Banks show varied transmission rates. Governor Das stresses effective transmission. Rate cuts may come post-October with clearer risk insights.
HECI via consensus on 100-day agenda: Education Minister plans to introduce legislation in Parliament
The Union education ministry will pursue its long-pending agenda of bringing in a single higher education regulator, the Higher Education Commission of India (HECI), within the next 100 days, ET has gathered. It will also look to get the wheels moving for the twice-a-year board exam format from 2025.
Capital goods, defence, railways segment should continue to do well in PSU space: Mihir Vora
See, the good part is that the election has voted for continuity. So, there is no change in the ruling regime, so that is a big positive because what the market and the economy were expecting is continuation of the growth policies for various segments that the earlier government had been working on.
PM Modi responds to Elon Musk's congratulatory message, says India's stable policies continue to facilitate business environment
Prime Minister Narendra Modi expressed gratitude to Elon Musk, CEO of Tesla and SpaceX, for congratulating him on his electoral victory in the 2024 Lok Sabha elections. Modi responded to Musk's post on the social media platform X, emphasizing India's talented youth, demographic advantage, stable democratic system, and predictable policies, which create a conducive business environment. Musk had congratulated Modi on his victory and expressed anticipation for his companies to engage in exciting work in India.
2 top stock recommendations from Aditya Arora
Although the kind of standard deviation move which it had in last two days is on the extreme side compared to last let us say 400 average days of the move, so in the short term it has run up quite a lot but if we look at the medium term, then yes still a lot of steam left over there fresh bull market starting over there so that is pretty much sorted and market will take time to decide which new sectors will do well, which sectors will not do well depending on what kind of policy which comes ahead, etc.
Now India can hope to have its own SpaceX and Blue Origin
Elon Musk's SpaceX and Jeff Bezos' Blue Origin lead the global space industry discourse. From reusable rockets to space tourism, these companies drive innovation in the space sector.
Several firsts to Agnibaan test flight, step closer to launch small satellites: IN-SPACe chief
Agnikul Cosmos' Agnibaan rocket test flight from Sriharikota marked a significant milestone for the private space sector, using a 3D printed semi-cryogenic engine for the first time.
Elon eyes White House role! Donald Trump may make Musk an advisor; both speak several times a month, says report
Former US president Donald Trump may appoint entrepreneur Elon Musk as an advisor in the White House upon winning the 2024 Presidential Elections in November. Musk may extend his support to the Republican contender.
"ISRO aims to explore human space flight activities, build space stations": Chairman Somnath
Indian Space Research Organisation (ISRO) Chairman Sreedhara Panicker Somanath on Sunday attended a programme at a school and said that the space agency aims to explore human space flight activities and build space stations.
Cruel Summer: Rethinking how to live, work in a world that is getting warmer
As this year’s summer, with its extended heat waves and record temperatures, warns, how to adapt to a warmer world is no longer a hypothetical question. A new study by World Weather Attribution says climate change has made a 30-day heat wave in South Asia 45 times more likely and 0.85o C hotter. Experts say we need to rethink the kind of houses we live in and offices we construct, how we grow our crops and the way we look at the impact of heat on our bodies, even as we tackle reducing the use of fossil fuels.
Expect good response on EV policy, FDI reforms in new govt; prepare for low tariff regime: DPIIT Secretary
India anticipates a positive response from numerous automobile companies to its electric vehicle (EV) policy, according to Rajesh Kumar Singh, DPIIT secretary. He noted that the government has adjusted tariffs to attract manufacturers without direct spending. Additionally, he stated that India might further liberalize FDI norms in select areas under the new government.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
Access to international orbital slots opens new doors for Indian satcom companies
Experts and industry executives said this will allow Indian players to tap surplus international satellite capacities to deliver satcom services at competitive rates in India.
IN-SPACe releases norms to implement Indian space policy
IN-SPACe unveiled norms, guidelines, procedures for Indian space policy, opening sector to private players. Activities range from building, launching satellites to setting up ground stations, sharing remote sensing data. Norms specify authorisation requirements. Enhancing regulatory regime, ease of doing business.
Chinese premier downplays risks to economy, highlights policy space
The world's second-largest economy has reported a solid start to 2024, with growth in exports, industrial production and investment beating expectations. That has reduced the urgency for authorities to add stimulus in the short term, though economists say more policy support is needed to reach the ambitious economic growth target of around 5% this year.
Market to consolidate for 1-2 quarters before going up: Jitendra Sriram, Baroda BNP Paribas MF
Jitendra Sriram of Baroda BNP Paribas MF expresses optimism for the market despite volatility. Markets are trading at historical levels. He is expecting strong earning growth and potential policy continuity. Further, Sriram discusses monitoring the IT sector recovery and has a positive outlook on hospitality sector with Juniper Hotels in the portfolio.
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