India soon to get its own satellite for mobile communications

India soon to get its own satellite for mobile communicationsAs per media reports, soon India will be able to provide satellite phone (satphone) services with its own dedicated satellite and will not have to depend upon foreign satellites.

Next year, the Indian Space Research Organization (ISRO) would be unveiling a satellite, which will carry a large S-band transponder to aid India provide its own signals for satellite phones.

G Madhavan Nair, former Indian space agency chairman, informed on the sidelines of the India Semiconductor Association's (ISA's) Vision Summit on Monday, "We are in the process of building a high-beam antenna which will be deployed on board a satellite for providing satellite phone services using S-band transponder."

The antenna that will be positioned on the spacecraft for dedicated satphone services has already been designed by ISRO. After the launch of the satellite, India will become a prominent player in use of satellite phones and this might also help bring down the cost of satellite phone services.

A constellation of geo-stationary satellites designed to provide phone, fax and data communications are operated by International Maritime Satellite Organization
(INMARSAT) via handheld devices across the world.

When Nair was questioned about the weaponization of space programme which have been launched by countries like China, Nair said that successful measures were being adopted to safeguard the country's space assets. Recently, China developed an anti-satellite (ASAT) weapon.


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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.