L&T and HAL In The Race For Rocket Privatization
Indian companies Larsen & Toubro and Hindustan Aeronautics are being considered for potential bids in the privatization of India’s Small Satellite Launch Vehicle (SSLV) as part of the government’s efforts to attract investment in the growing space market, Reuters reported. About 20 companies have expressed interest in bidding on this initiative, which aims to increase India’s share in the global satellite launch market by fivefold in the next decade. The next step is to initiate the bidding process itself, according to an unnamed source with direct knowledge of the matter.
SEBI’s Approach to Adani Group Investigation Draws Attention
The Securities and Exchange Board of India’s (SEBI) handling of the Adani Group matter has drawn the ire of the opposition in the country, according to media reports. The regulatory body’s inconclusive findings regarding the conglomerate have raised eyebrows, especially among political circles. The Congress party, in particular, has termed SEBI’s approach as “deeply troubling”, hinting at the need for more transparency and accountability in such high-profile cases.
India’s Licensing Mandate for Tech Imports Faces US Scrutiny
India’s recent decision to introduce a licensing mandate for the imports of laptops and tablets has stirred international waters. The US, a significant trade partner, has expressed concerns over this move. While India’s intent is to bolster its domestic manufacturing sector, global tech giants view this as a potential hurdle, possibly affecting their established supply chains and market strategies in the country.
Tata Group’s Renewed Focus on Aviation: Air India Express and AirAsia India
Following its acquisition of Air India, the Tata Group is gearing up to introduce significant changes in its other aviation ventures, Air India Express and AirAsia India. Aiming for a cohesive and unified approach, Tata plans to streamline the business structures of these airlines. Furthermore, the introduction of pay parity showcases the group’s commitment to ensuring fairness and equity within its aviation entities, Livemint reported.
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