Private Sector

Private space tech start-up Skyroot Aerospace has achieved a major milestone by successfully test-firing a fully 3D-printed cryogenic engine for 200 seconds, the company said on Tuesday. The endurance test of 'Dhawan-II', using Skyroot's indigenously developed mobile cryogenic engine test pad, was carried out at Solar Industries propulsion test facility in Nagpur. It demonstrated impressive performance results, the Hyderabad-based company said in a statement. The achievement follows the November 2022 launch of Vikram-S, which made Skyroot the first Indian private company to send a rocket into space. The Dhawan-II engine builds on the foundation laid by Skyroot's first privately developed fully-cryogenic rocket engine, the 1.0 kN thrust Dhawan-I, which was successfully test fired in November 2021. "This is a major milestone for our cryogenic propulsion programme, which will enhance the payload capacity of Vikram series of space launch vehicles making them more modular so as to meet

Industry body Assocham on Monday said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy. Prime Minister Narendra Modi last month urged India Inc to increase investment in tandem with the government's decision to raise capital expenditure (capex) and take advantage of the opportunities unveiled in the Union Budget 2023-24. The chamber's newly appointed President Ajay Singh said he foresees a "significant rise in private investment" in the coming 2-3 years, driven by the Centre's capex push. "It cannot be that expenditure in the economy is largely public expenditure. The private sector has to participate and with the environment that is being created today, with the infrastructure spend that the government is doing, opportunities available to companies both in India and overseas. I think you will see an uptick in private investment in the next 2-3 years," Singh said addressing a press ..

UP government is bullish on the aviation sector after tourist inflow surged by 27% in the past five years

Trust and expectation have replaced doubt in discussions about Indian economy, he says

"The bank is also upping its focus on the structured finance offerings, whose contribution in the overall wholesale book is in low single-digits at present and growing the same"

Says public sector has failed worldwide and that he strongly advocates that govt should not do business

India should consider a reverse Build Operate Transfer (BOT) model wherein the government finances a project on the EPC basis, and then when it's ready, it auctions it off to the private sector

Companies in metals, mining, energy transition, airports and data centres have driven orders from the private sector in recent quarters, says CFO R Shankar Raman

Other countries are looking to set up institutions like the Australian one dedicated to protect people from digital harm, says Julie Inman Grant

The Prime Minister applauded the success of the India Digital story and the rapid adoption of fintech across the country, and the potential for inclusive growth and development it promises

The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates

Conditions improving, but high unemployment rate in 15-29 age group a challenge for policymakers

Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years

Government departments have used it to build village land records, track rural roads, and manage water resources

The Modi government could take a leaf out of Norway's playbook to meet its 2070 emission target instead of passing the buck to the private sector

Economic recovery likely to be bumpy as earnings pressure continues, says brokerage

Analysts see risk of attrition due to the shift in culture its implementation

PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago

The launch of a sounding rocket by Skyroot marks the start of a surge in start-ups entering a sector that was opened up only in June 2020

Larger shares of the state-owned miner's production are sold significantly below global benchmark prices, deterring global investors from participating in divestment plans