Union Mutual Fund has marked its entry in the Short Duration Fund – Debt Fund category with the launch of Union Short Duration fund (An open-ended short-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 Year to 3 Years. Please refer Page No. 20 of the SID for concept of Macaulay Duration. A high-interest rate risk and moderate credit risk.) Debt Funds including Short Duration funds, in addition to, accrual returns offer the potential for mark-to-market gains when interest rates decline.…
Read MoreDay: 17 January 2025
NITCO ties up with Hindustan Associates for a ₹50 crore order
NITCO Limited, a leading manufacturer of premium tiles and marble, proudly announces a landmark achievement in securing its first annual tie-up with Hindustan Associates (one of the largest tile dealers in Mumbai) following its restructuring process and capital-raising initiatives. The Company has received an order worth ₹50 Crore from Hindustan Associates. The agreement is structured to deliver approximately ₹4 Crore worth of products during the fourth quarter of the current financial year, with the remaining ₹46 Crore to be executed in the next financial year. This is the first of…
Read MoreRobotaxis on the Rise – IDTechEx Explores Autonomous Vehicles
Robotaxis are proving they can offer driverless services in certain cities, as a means of accessible and modern public transport. IDTechEx states in its latest report, “Autonomous Vehicles Market 2025-2045: Robotaxis, Autonomous Cars, Sensors”, that testing is taking place worldwide, with the most commercial deployment happening in China currently. The report explores the commercial readiness of various players and vehicles, whilst also covering safety evaluations and challenges within the market. IDTechEx looks closely at California’s autonomous vehicle testing data, which is gathered from multiple companies, and made up…
Read MoreCabinet approves Third Launch Pad (TLP) at ISRO’s Satish Dhawan Space Centre
In a significant advancement for the nation’s space exploration capabilities, the Cabinet has approved the establishment of the “Third Launch Pad.” This strategic initiative underscores the government’s commitment to enhancing its aerospace infrastructure and expanding its role in the global space economy. The decision to construct an additional launch pad comes in response to the increaseing demand for satellite launches and the burgeoning commercial space sector. With the existing launch facilities operating at near capacity, the Third Launch Pad will facilitate a higher frequency of launches, thereby bolstering national and…
Read MoreDefence Ministry signs Rs 2,960 crore deal with BDL for Indian Navy missiles
In a significant stride towards achieving self-reliance in defense capabilities, the Ministry of Defence (MoD) of India has recently signed a contract worth Rs 2,960 crore with Bharat Dynamics Limited (BDL) for the procurement of Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy. This initiative aligns with the overarching objectives of the Aatmanirbhar Bharat (Self-Reliant India) campaign, which seeks to bolster domestic defense production and enhance national security. The MRSAM system represents an advanced technological capability designed for the effective interception of aerial threats, including drones, missiles, and aircraft. It…
Read MoreIndian Space docking: ISRO achieved the unbelievable
ISRO (Indian Space Research Organisation) has made significant strides in space exploration, and one of the most remarkable achievements in this regard has been India’s first successful space docking. ISRO’s ability to achieve space docking was marked by the successful test of its “Gaganyaan mission”, which aims to send Indian astronauts into space. The docking capability is an essential part of this mission, allowing for spacecraft to connect and transfer crew or materials in orbit. The specific achievement ISRO is most proud of is the successful demonstration of the Autonomous…
Read MoreFAULHABER GROUP, More Power for Demanding Applications with the SXR Family
FAULHABER Expands Portfolio with High-Performance DC Motors. The new 1218 SXR and 1228 SXR DC motors. © FAULHABER Designed for even greater flexibility and a wide range of applications: The new 1218 SXR and 1228 SXR DC motors. These models expand FAULHABER’s proven DC motor portfolio and set new standards in performance and versatility for miniature drive systems. The new SXR motors offer standard higher performance and a broader range of configuration options to meet the demands of modern drive solutions. They provide flexible voltage variants from 3V to…
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