Dr. K Radhakrishnan is New ISRO Chief

K Radhakrishnan The director of Vikram Sarabhai Space Centre in Thiruvananthapuram (Kerala), Dr. K Radhakrishnan has been appointed as the new chairman of the Indian Space Research Organisation
(ISRO), Bangalore. His appointment was announced on Saturday, October 24.

Radhakrishnan will take over the charge on October 31, replacing the former chairperson G Madhavan Nair. Radhakrishnan, who joined the ISRO in 1971 as an avionics engineer, played a “key role” in the Chandrayaan-I moon mission.

The newly appointed chairman was at the Guruvayoor Sree Krishna Temple in Thrissur, when the decision of his appointment was sent to him.

Appreciating the decision, the former chairman said that the ISRO will reach new heights under the chairmanship of Radhakrishnan. He has been given a "great" responsibility.

"He (Radhakrishnan) is a talented and highly competent scientist. He knows the agency's plans, including the most challenging manned moon mission to space. We have drawn up plans for
2020-25, which will now be carried forward by Radhakrishnan”, said Nair, the former chairman.

Radhakrishnan has served as the director of the National Remote Sensing Agency. He was also the founder director of the Indian National Centre for Ocean Information Services (INCOIS) and national mission director for the Integrated Mission for Sustainable Development.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.