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The <keyword id="23021375" type="General" weightage="20" keywordseo="domestic-passenger-vehicle-industry" source="keywords">domestic passenger vehicle industry</keyword> volumes declined by low single digit in August 2024 as compared with August 2023, because of weak retail demand trends and higher <keyword id="21396778" type="General" weightage="20" keywordseo="inventory-levels" source="keywords">inventory levels</keyword> at the dealerships according to Kotak Institutional Equities. The report suggests that the major reason for the sluggishness in sales of tractors is the uneven spatial distribution of rainfall, particularly in northern and eastern regions. It also highlights that growth will pick up in the coming months on the back of <keyword id="23021373" type="General" weightage="20" keywordseo="improved-monsoon" source="keywords">improved monsoon</keyword> conditions. The upcoming festive season will also improve the situation as traditionally it is a peak period for auto sales. Strong festive demand could help offset some of the losses experienced in the first half of the fiscal year. The weak wholesale figures in August were driven by private vehicles (PV), commercial vehicles (CV) and tractor original equipment manufacturers (OEM). Retail sales declined in single digits (yoy) for most of the companies. The PV segment saw a low single-digit decline in domestic wholesale volumes year-on-year (YoY) in August 2024, driven by weak retail demand and elevated inventory levels at dealerships, which stood at approximately 70 days. The retail sales fell by mid-single digits YoY during the month. Maruti Suzuki India Limited (MSIL), the largest player in the segment, reported a 4 per cent YoY drop in total volumes, including a 5 per cent decline in domestic sales but it was partially offset by a 6 per cent rise in the export volumes. MSIL's wholesale market share is estimated to have slipped by 250 basis points YoY to approximately 40.5-4 per cent says the report. Other major players also faced challenges in sales. Tata Motors recorded a 3 per cent YoY decrease in PV volumes, while Hyundai Motors reported an 8 per cent drop. However, Mahindra &amp; Mahindra (M&amp;M) bucked the trend with a 16 per cent YoY increase in PV volumes, and Toyota India posted a significant 37 per cent YoY growth on low volumes. Kia and MG Motors also experienced an uptick in sales. The two-wheeler (2W) segment showed resilience with high single-digit YoY growth in domestic wholesale volumes, largely driven by channel filling ahead of the festive season. Retail sales of the internal combustion engine (ICE) two-wheelers grew by mid-single digits YoY, while electric two-wheeler (EV 2W) sales surged by 41 per cent YoY, propelled by new mass-market EV launches and attractive discounts. Among the key players, Hero MotoCorp (HMCL) saw a 5 per cent YoY rise in volumes, and TVS Motor reported a robust 14 per cent YoY increase, with growth in both domestic and export segments. Bajaj Auto's volumes grew by 18 per cent YoY, driven primarily by domestic sales. However, Royal Enfield faced a 5 per cent YoY decline in volumes. Going forward, the report highlighted that the Commercial Vehicle (CV) segment underperformed during the month, with domestic volumes declining by low double digits YoY, primarily due to weakness in the Medium and Heavy Commercial Vehicle (MHCV) truck and Light Commercial Vehicle (LCV) segments. Tata Motors experienced a 15 per cent YoY drop in domestic CV volumes, with sharp declines in Small Commercial Vehicle (SCV) cargo (down 23 per cent) and MHCV trucks (down 15 per cent). Ashok Leyland also reported a 7 per cent YoY decline in CV volumes, while VE Commercial Vehicles (VECV) managed a modest 1 per cent YoY increase. In August, the domestic tractor segment remained flat YoY with volumes coming in 5-6 per cent. During this period, M&amp;M's tractor volumes grew by 1 per cent YoY, while Escort Kubota's volumes remained unchanged compared to the same period last year. The report says that strong festive demand could help offset some of the losses experienced in the first half of the fiscal year, particularly if economic conditions and consumer sentiment improve.

Auto Industry sales to surge on the back of improved monsoon, festive season demands: Report

Mumbai (Maharashtra) [India], July 31 (ANI): The <keyword id="417639" type="General" weightage="20" keywordseo="automotive-sector" source="Orion">automotive sector</keyword> is poised for a robust performance in July 2024, driven by an expected double-digit year-on-year (y/y) growth in two-wheeler (2W) <keyword id="21974415" type="General" weightage="20" keywordseo="wholesale-volumes" source="keywords">wholesale volumes</keyword>, according to a recent report by <keyword id="20548750" type="General" weightage="20" keywordseo="Anand-Rathi" source="keywords" meta.keywordsubtype="org" meta.entityname="Anand Rathi" meta.hostid="261" meta.entityid="Anand Rathi">Anand Rathi</keyword>. The surge is attributed to solid retail demand, estimated at approximately 15 per cent y/y, strategic inventory build-up, and a favourable base effect. Excluding Honda, the growth remains robust at around 14 per cent. Additionally, <keyword id="20163833" type="General" weightage="20" keywordseo="passenger-vehicle" source="keywords">passenger vehicle</keyword> (PV) volumes are likely to have increased, supported by improved retail activity and inventory accumulation. Meanwhile, sales of <keyword id="20023450" type="General" weightage="20" keywordseo="commercial-vehicles" source="keywords">commercial vehicles</keyword> (CVs) and tractors are expected to remain broadly flat. Overall, the outlook for the <keyword id="19979339" type="General" weightage="100" keywordseo="auto-sector" source="keywords">auto sector</keyword> remains positive. In the passenger vehicle (PV) segment, volumes are also expected to see an uptick, largely due to better retail performance and inventory accumulation. The report predicts a slight growth of around 3 per cent y/y for PV volumes. On the commercial vehicles (CV) front, the outlook is more mixed. The report forecasts that overall CV volumes will remain relatively flat, with a small drop of approximately 3 per cent y/y, primarily due to lower light commercial vehicle (LCV) volumes. However, there are bright spots within the segment. Volumes for VECV's CVs are expected to have risen by 15 per cent, and the medium and heavy commercial vehicle (M&amp;H CV) growth forecast has been revised upwards to high single digits from mid-single digits, driven by robust demand for buses and ongoing replacement demand. The M&amp;H CV segment is further bolstered by increased infrastructure and economic activity, as well as a favourable comparison base from Q1 and Q4 of FY24.

Auto sector poised for robust growth in July 2024 with double-digit surge in two-wheeler sales: Anand Rathi report

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/spacex-launch-risky-polaris-dawn-mission-first-commercial-spacewalk-radiation-2024-8">SpaceX's Polaris Dawn mission</a> is about to attempt the first-ever commercial spacewalk.</li><li>Four people plan to don new spacesuits and open their Crew Dragon spaceship to the vacuum of space.</li></ul>A <a target="_blank" class="" href="https://www.businessinsider.com/spacex-civilian-crew-zip-ties-sedatives-orbit-2021-9">billionaire-backed SpaceX mission</a> is about to attempt a daring, first-of-its-kind feat.On Thursday, four people currently orbiting Earth in a <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-says-next-spacex-flight-will-have-better-toilets-2021-9">SpaceX Crew Dragon spaceship</a> plan to don a set of brand-new spacesuits, open their spaceship's hatch to completely expose its interior to the vacuum of space, and attempt the first-ever commercial spacewalk.Their week-long mission, called Polaris Dawn, is fully private with no NASA involvement — but it's <a target="_blank" class="" href="https://www.businessinsider.com/nasa-astronaut-warns-tourists-that-spaceflight-is-uncomfortable-risky-2021-8">no billionaire joyride</a>. This spacewalk is a critical test of technical abilities that SpaceX will need to achieve Elon Musk's ultimate goal of building a city on Mars.It's also a risky feat for all four <a target="_blank" class="" href="https://www.businessinsider.com/polaris-dawn-crew-spacex-commercial-astronauts-first-private-spacewalk-">Polaris Dawn crew</a> members: <a target="_blank" class="" href="https://www.businessinsider.com/jared-isaacman-net-worth-career-spacex-polaris-dawn-2024-8">Jared Isaacman</a>, the mission's billionaire benefactor and commander; Anna Menon and Sarah Gillis, two SpaceX engineers; and Scott Poteet, a retired Air Force pilot who previously led strategy at Isaacman's company Shift4.<div type="image" title="four people in spacesuits with their visors up smiling and pointing at a black spacex logo on a spaceship behind them" height="1500" width="2270" msid="113279200" hostid="261" sizebytes="176724"></div>Even though only two will <a target="_blank" class="" href="https://www.businessinsider.com/video-shows-cosmonaut-space-littering-during-spacewalk-nasa-says-harmless-2023-5">perform the spacewalk</a>, the entire crew will be drifting in the vacuum of space, wearing new spacesuits that haven't been tested in-orbit yet. The stakes are high. "I know that they take safety very seriously," Leroy Chiao, a retired NASA astronaut who has spent more than 36 hours on <a target="_blank" class="" href="https://www.businessinsider.com/nasa-postpones-astronauts-spacewalk-due-to-possible-space-junk-danger-2021-11">spacewalks</a> and consulted for SpaceX on its Safety Advisory Panel for 12 years, told Business Insider in an email.He added that SpaceX knows any mishap would "seriously impact" <a target="_blank" class="" href="https://www.businessinsider.com/virgin-galactic-blue-origin-spacex-commercial-space-flights-tourism-cost-2023-7">commercial human spaceflight</a>, "if not kill it."The <a target="_blank" class="" href="https://www.businessinsider.com/spacex-polaris-dawn-mission-launch-2024-8">Polaris program</a> plans to livestream the spacewalk, most likely on X. Business Insider will post details here once they're available.According to SpaceX, the spacewalk will begin at 2:23 a.m. ET on Thursday. If you're on the West Coast, that's 11:23 p.m. on Wednesday. SpaceX says there is also a backup opportunity on Friday."I'll be watching with great interest," Chiao said.<h2 id="554cfe13-43b4-4b33-be3f-3bd739b2c0ca">The Polaris Dawn spacewalk plan</h2>The spacewalk procedure begins 48 hours before opening the Crew Dragon's hatch, with a "pre-breathe."The two-day process should slowly decrease the pressure in the spaceship's cabin and eventually put the crew on 100% oxygen. That helps purge nitrogen from their blood and prevent a dangerous condition called "<a target="_blank" class="" href="https://www.businessinsider.com/missing-titan-submersible-recompression-chamber-2023-6">the bends</a>."<div type="image" title="two people adjust each other's large black face mask respirators which are secured via thick white straps and green head gear in a concrete room with wires and control panels on the wall" height="1667" width="2500" msid="113279203" hostid="261" sizebytes="274222"></div>This procedure is similar to one that astronauts on the <a target="_blank" class="" href="https://www.businessinsider.com/photo-international-space-station-hidden-passing-sun-2023-4">International Space Station</a> use before their spacewalks, although their pre-breathes only last a few hours because they do it in the confines of a small, contained airlock. Crew Dragon has no airlock, so the crew must balance the pressure in the entire cabin with the pressure in the spacesuits and give everyone's body an opportunity to adjust. Hence, a longer, 48-hour pre-breathe.After the pre-breathe, the Polaris crew should don their spacesuits — the first SpaceX has ever designed for spacewalks. Each spacesuit will be connected to the spacecraft through an umbilical cord that will provide what the astronauts need to survive like power and air.When the time finally comes, the crew plans to open their spaceship's hatch. Since there is no airlock, this will expose the entire cabin of the vehicle and its crew to <a target="_blank" class="" href="https://www.businessinsider.com/how-long-human-survive-outer-space-without-spacesuit-2017-5">the vacuum of space</a>.<div type="image" title="illustration of an astronaut in a spacex white spacesuit exiting the open nosecone hatch of a white crew dragon spaceship in space high above earth" height="1152" width="2048" msid="113279194" hostid="261" sizebytes="62388"></div>"You are <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-risk-blue-origin-rocket-2021-6">taking on a lot of risk</a> at that point," Isaacman said in a briefing on August 19."You're throwing away all the safety of your vehicle," he added.Then, if all goes as planned, Isaacman and Gillis will leave the spacecraft to perform tests on their spacesuits, but they will always maintain contact with one of the many handrails added to the ship's exterior for this mission. The other two — Menon and Poteet — will stay inside providing support.<div type="image" title="circular hatch with handholds" height="1570" width="2094" msid="113279197" hostid="261" sizebytes="61868"></div><h2 id="3337c458-78f2-4489-8333-217fe7be3594">The risks and stakes are high</h2>The Polaris Dawn spacewalk plan — no airlock, vehicle fully open to space — is not totally unprecedented. NASA's Gemini and <a target="_blank" class="" href="https://www.businessinsider.com/moon-missions-why-astronauts-have-not-returned-2018-7">Apollo programs</a> did the same thing.<div type="image" title="astronaut nasa spacewalk" height="2325" width="3500" msid="113279205" hostid="261" sizebytes="376574"></div>Abhi Tripathi, a former Dragon mission director at SpaceX, who now directs mission operations at UC Berkeley's Space Sciences Laboratory, told BI that <a target="_blank" class="" href="https://www.businessinsider.com/spacex-boeing-nasa-commercial-crew-program-launch-astronauts-2020-1">the spaceship was designed</a> "from the beginning" to withstand unplanned depressurization events.Tripathi added that he doesn't see "any special risks" with the spacewalk. In fact, he admitted to feeling a bit of "FOMO and jealousy" seeing his former colleagues, Menon and Gillis, <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-launches-to-space-blue-origin-first-human-spaceflight-2021-7">go to space</a>.What's more, SpaceX has spent two and a half years <a target="_blank" class="" href="https://www.businessinsider.com/spacex-build-superpowered-dragon-spaceship-scrap-nasa-space-station-2024-7">upgrading the Crew Dragon</a>, testing it, and running simulations with the four crew members to prepare for this spacewalk.Chiao also expressed confidence that the company has "thoroughly reviewed" its flight plans.<div type="image" title="two people wearing large clunky face masks for oxygen sitting in a concrete chamber on blue mats" height="1366" width="2048" msid="113279210" hostid="261" sizebytes="346404"></div>But trying anything new in space is risky. And there's a lot that's new in this plan: a 48-hour pre-breathe protocol, the spacesuits, the fact that a Crew Dragon spacewalk has never happened before, and the fact that all the crew members will be new to spacewalking.<a target="_blank" class="" href="https://www.businessinsider.com/spacex-inspiration4-first-space-tourists-return-to-earth-2021-9">Isaacman previously flew to space</a> in 2021 on another Crew Dragon flight he commissioned. Poteet was the mission director for that flight, called Inspiration4. Menon and Gillis have provided ground support for multiple SpaceX missions. None of them have ever been in the actual vacuum of space before, though.<div type="image" title="jared isaacman spacex crew dragon" height="2560" width="3840" msid="113279206" hostid="261" sizebytes="991006"></div>"They will be testing a new suit with people who have never done this before," Chiao said.He added that depressurizing the entire cabin also adds risk for the two people remaining inside. They'll be wearing spacesuits, too, but it will still be a more precarious situation than sitting inside a sealed, pressurized, environmentally controlled spacecraft.As with any space mission or spacewalk, there is also a risk that any of the millions of bits of space debris orbiting Earth could impact the spacecraft and endanger its crew.Tripathi previously worked in flight reliability at SpaceX, a division which is now led by <a target="_blank" class="" href="https://www.businessinsider.com/nasa-shake-up-in-new-race-to-the-moon-2019-7">Bill Gerstenmaier</a>, who previously spent four decades overseeing various human spaceflight programs at NASA."I feel very comfortable that there's maybe no better team in the world from a <a target="_blank" class="" href="https://www.businessinsider.com/nasa-elon-musk-spacex-drugs-investigation-outcome-2023-12">safety perspective</a> than the folks that are trying to make sure every I is dotted and T's are crossed at SpaceX," Tripathi said.

Polaris Dawn spacewalk: Watch live as SpaceX's commercial astronauts attempt mission's historic EVA

<ul><li><keyword id="6354714" type="PERSON" weightage="20" keywordseo="ajay-devgn">Ajay Devgn</keyword> will collaborate with the brand to further enhance its reach through digital and traditional mediums.</li><li>The <keyword id="2940077" type="ORGANIZATION" weightage="20" keywordseo="Supro">SUPRO</keyword> PROFIT TRUCK range was recently launched starting at Rs.5.40 lacs.</li></ul><keyword id="125563" type="COMPANY" weightage="20" keywordseo="Mahindra-Mahindra-Ltd">Mahindra &amp; Mahindra Ltd</keyword> today announced Bollywood Actor and Producer, Ajay Devgn as the brand ambassador of the SUPRO PROFIT TRUCK range of <keyword id="466412" type="PERSON" weightage="20" keywordseo="Small-commercial-vehicles">Small Commercial Vehicles</keyword>. Ajay will collaborate with the brand to further enhance its reach through digital and traditional mediums. Veejay Nakra, CEO, Automotive Division, <keyword id="100463" type="COMPANY" weightage="20" keywordseo="Mahindra-Mahindra-Ltd-">Mahindra &amp; Mahindra Ltd.</keyword>, said, “Our mantra that drives our approach for this portfolio of business is Customer Prosperity. Accordingly, SUPRO’s proposition, to offer more profitability or we take the SUPRO Profiitruck back, is rooted in this philosophy and emerges out of its guaranteed higher mileage and superior load carrying capability. And who better than Ajay Devgn to be the face of the brand and this disruptive promise, given the strong connect between the personalities of the accomplished actor and brand Mahindra.” Commenting on the announcement, Amit Sagar, Business Head – SCV at Automotive division, <keyword id="6357096" type="UNKNOWN" weightage="20" keywordseo="Mahindra-Mahindra">Mahindra &amp; Mahindra</keyword> Ltd., said, “The DNA of our SCV range is to create products and solutions that fulfil the dream of our customers. The new SUPRO PROFIT TRUCK Mini will be Mahindra’s formidable offering in the &lt;2T category and SUPRO PROFIT TRUCK Maxi will take on the competition in the 2-3.5T category. With benefits like the best-in-class mileage, higher payload, more power and all-new transmission the new SUPRO PROFIT TRUCK Range is aimed at consolidating our leadership position in SCV 4W load segment.” Mahindra have put together an aggressive brand strategy to promote the new SUPRO PROFIT TRUCK. They have chosen the very confident, honest, macho and well renowned Bollywood actor Ajay Devgn, who earlier promoted Blazo and Furio, the Mahindra HCVs and ICVs respectively, to be the face of Mahindra SUPRO PROFIT Truck, given the strong fit between the personalities of the brand and Ajay and pan-India appeal of the celebrity.

Mahindra & Mahindra onboards Ajay Devgn as the brand ambassador of the Supro Profit Truck range of Small Commercial Vehicles

The static test of first stage solid motor (SS1) of <keyword id="6358064" type="COMPANY" weightage="20" keywordseo="isro">ISRO</keyword>'s <keyword id="6117656" type="UNKNOWN" weightage="20" keywordseo="Small-Satellite-Launch-Vehicle">Small Satellite Launch Vehicle</keyword> (<keyword id="6864059" type="COMPANY" weightage="20" keywordseo="SSLV">SSLV</keyword>) -- a new-generation compact rocket -- was not successful, according to sources in ISRO. "Oscillation was noticed after 60 seconds into the test and nozzle was blown out near the bucket flange where it's attached with the motor at around 95 seconds", sources in the Bengaluru-headquartered <keyword id="498463" type="ORGANIZATION" weightage="20" keywordseo="Space-Agency">space agency</keyword> said. It was supposed to be tested for a total duration of about 110 seconds, officials said. The <keyword id="116095" type="COMPANY" weightage="20" keywordseo="Indian-Space-Research-Organisation">Indian Space Research Organisation</keyword> had targeted to launch the first development flight of SSLV (D1) in April and may now in all probability have to revise this schedule. "SSLV First stage is a new solid motor...new design. New motor has to be static tested on the ground to prove its performance. If it is successful, one more of the same configuration is tested again for acceptance. If both are successful, no more ground test is required and third motor of the same configuration will be accepted for flight", an ISRO official said. SS2 and SS3 motors, igniters and SS2 flex nozzle assembly, liquid propulsion-based VTM (Velocity Trimming Module) thrusters, propellant tanks and propulsion components had already been realised by ISRO and made ready for the maiden orbital test flight. "We have to identify the root cause of the failure and modify the design", the official said on the unsuccessful testing at Sriharikota spaceport in Nellore district of Andhra Pradesh, about 100 kms north of Chennai, last week. Asked how long it may take for ISRO to complete the two static tests, the official said: "Maybe six months". SSLV is two metres in diameter and 34 meters in length with a lift-off weight of about 120 tons. ISRO has over the years realised five generations of launch vehicles -- SLV-3, ASLV, <keyword id="6395832" type="COMPANY" weightage="20" keywordseo="PSLV">PSLV</keyword>, GSLV and GSLV-MkIII. The space agency had earlier said the SSLV is going to be a new member of the launch vehicle family. It is intended to cater to emerging global small satellite launch service market. "We are flying an earth observation satellite (EOS-02) on board the the first development flight of SSLV", ISRO Chairman and Secretary in the <keyword id="245720" type="COMPANY" weightage="20" keywordseo="Department-of-Space">Department of Space</keyword>, K Sivan said last month. SSLV has been designed to meet "launch on demand" requirements in a cost-effective manner for small satellites in a dedicated and ride share mode. It is a three-stage all solid vehicle with a capability to launch up to 500 kg satellite mass into 500 km low earth orbit (LEO) and 300 kg to Sun Synchronous Orbit (SSO). By comparison, PSLV -- the workhorse of ISRO -- can take up to 1,750 kg payload into SSO of 600 km altitude. With lower per kg launch cost, the mini launcher will have multiple satellite mounting options for nano, micro and small satellites. Sivan had earlier termed the SSLV an innovative vehicle, which can be assembled in just 72 hours. "Instead of 60 days (for building a PSLV), it (SSLV) will be assembled in three days; instead of 600 people (needed to build a PSLV), it (SSLV) will be done by six people", he had said. Chairman and Managing Director of ISRO's commercial arm, NewSpace India Limited (NSIL), G Narayanan, recently said: "the world over there is a big boom for small launch vehicles and that's why we are focusing on that". The US-based satellite ride share and mission management provider, <keyword id="696288" type="COMPANY" weightage="20" keywordseo="spaceflight">Spaceflight</keyword> Inc., has already purchased the first commercial launch of the SSLV (SSLV-D2) from NSIL for launch from the <keyword id="6356967" type="COMPANY" weightage="20" keywordseo="satish-dhawan-space-centre">Satish Dhawan Space Centre</keyword> in Sriharikota. Spaceflight had said at the time that it has already sold out the entire manifest (launch) for this secured SSLV-D2 launch, with spacecraft from an undisclosed U.S.-based satellite constellation customer. This undisclosed customer is reportedly Seattle-based BlackSky Global, which will launch four earth observation satellites on board SSLV-D2 in the ride share mission arranged Spaceflight. "Were taking advantage of the growth in the small satellite market to deliver more launch options with the mini-launcher", a senior NSIL official said. "The SSLV is the much-needed solution to fill the gap in the portfolio of small launch vehicles," Curt Blake, CEO and President of Spaceflight, had said. "SSLV is designed for the launch-on-demand concept with very quick turn-around capability in between launches. SSLV is perfectly suited for launching multiple micro satellites at a time and supports multiple orbital drop-offs", Blake had said. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-9-pro-oneplus-9-and-oneplus-watch-to-launch-in-india-today-how-to-watch-live-stream-price-features-and-more/articleshow/81644503.cms">OnePlus 9 Pro, OnePlus 9 and OnePlus Watch to launch in India today – How to watch live stream, price, features and more</a> <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-suryoday-small-finance-bank-ipo-online/articleshow/81647204.cms">Suryoday Small Finance Bank IPO allotment live – how to check allotment, listing date and more</a> <a href="https://www.businessinsider.in/tech/apps/news/supreme-court-orders-to-pause-all-cases-against-netflix-amazon-prime-and-others-in-high-courts-across-india/articleshow/81647182.cms">Supreme Court orders to pause all cases against Netflix, Amazon Prime and others in High Courts across India</a>

Static test of first stage solid motor of India's mini rocket SSLV unsuccessful, says sources in ISRO

The Indian space agency is having a busy launch schedule next year that includes commercial, navigation, <keyword id="24879" type="General" weightage="80" keywordseo="sun" source="Orion">sun</keyword> and moon missions, said a top official. Speaking to the reporters here <keyword id="116095" type="General" weightage="50" keywordseo="indian-space-research-organisation" source="Orion">Indian Space Research Organisation</keyword> (<keyword id="6358064" type="General" weightage="100" keywordseo="isro" source="Orion">ISRO</keyword>) Chairman S. Somanath said integration tests are happening with regard to the Chandrayaan-3 spacecraft. He said the space agency will look at June 2023 for the moon mission. The ISRO is also planning to have its mission to the sun with its satellite Aditya-L1, a coronagraphy spacecraft to study the solar atmosphere, an official told IANS. According to ISRO, the spacecraft will be placed in a halo orbit around the first Lagrange point, L1, of the Sun-Earth system. A satellite around the L1 point has the major advantage of continuously viewing the Sun without occultation/eclipses. The ISRO will open 2023 with the commercial launch of 36 satellites of the UK-based OneWeb, said its Chairman S. Somanath. The first batch of 36 satellites was successfully launched on Sunday. The UK company has contracted with <keyword id="10244841" type="General" weightage="50" keywordseo="newspace-india-ltd" source="Orion">NewSpace India Ltd</keyword> (NSIL) to pay over Rs 1,000 crore for both launches. OneWeb is a joint venture between India Bharti Global and the UK government. The other mission slotted for 2023 is the launch of a navigation satellite for the country's <keyword id="3341273" type="General" weightage="50" keywordseo="navic" source="Orion">NavIC</keyword> constellation. According to Somanath, the space agency will end 2022 with the launch of its small rocket - Small Satellite Launch Vehicle (<keyword id="6864059" type="General" weightage="50" keywordseo="sslv" source="Orion">SSLV</keyword>) in December. The rocket's maiden mission this year was a failure. The ISRO will also send a satellite to study the oceans -- Oceansat- 3 with a couple of other satellites as piggyback luggage. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/reliance-reports-a-profit-decline-in-q2-even-as-revenue-surges-33-yoy/articleshow/95017302.cms">Reliance reports a profit decline in Q2 even as revenue surges 33% YoY</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-reports-4-profit-growth-in-q2-subscriber-addition-arpu-growth-slows-down/articleshow/95017181.cms">Reliance Jio reports 4% profit growth in Q2 – subscriber addition, ARPU growth slows down</a> <a href="https://www.businessinsider.in/stock-market/news/ril-shareholders-to-get-shares-on-11-basis-in-soon-to-be-listed-jfsl/articleshow/95023780.cms">RIL shareholders to get shares on 1:1 basis in soon to be listed JFSL</a>

ISRO planning on Sun and Moon missions for 2023 along with commercial launches

<ul class="summary-list"><li><keyword id="6355174" type="UNKNOWN" weightage="60" keywordseo="ford">Ford</keyword> on Monday revealed the F-150 Lightning Pro, the newest version of its electric pickup truck.</li><li>The Lightning Pro is aimed at commercial customers, unlike the F-150 Lightning, which is aimed at the general public.</li><li>The main difference is that the Pro comes with telematics software so managers can keep track of their vehicle fleet.</li></ul>Ford on Monday unveiled the F-150 Lightning Pro, a version of its newly announced electric pickup truck. This version is aimed at businesses.Ford revealed its first all-electric pickup truck, <a href="https://www.businessinsider.com/ford-reveal-first-electric-pickup-truck-f150-lightning-2021-5">the F-150 Lightning</a>, on Thursday. The Lightning starts at $39,974 and its extended-range battery has a driving range of up to 300 miles.The Lightning Pro is a very similar vehicle, but tweaked to appeal to commercial customers rather than the retail market, according to <a href="https://media.ford.com/content/fordmedia/fna/us/en/news/2021/05/24/all-electric-f-150-lightning-pro.html">Ford's press release</a>. The main difference is that the Pro comes with telematics software so managers can keep track of their fleets and reimburse employees who charge the <keyword id="381751" type="ORGANIZATION" weightage="60" keywordseo="Electric-vehicle">electric vehicle</keyword> at home. <div type="image" title="Ford's F-150 Lightning Pro electric pickup truck - interior" height="3748" width="7497" msid="82912055" hostid="261"></div>Ford said commercial businesses could use the lockable space under the hood to store tools, while saving the rear-end cargo bed for other equipment. <div type="image" title="Ford F-150 Lightning Pro electric pickup truck" height="3855" width="5140" msid="82912061" hostid="261"></div>The most basic model of the Lightning Pro starts at $39,974, the same as the Lightning, with an estimated range of 230 miles. Models with 300 miles of range will start at $49,974, according to Ford.Shipments of the Lightning Pro will kick off in 2022, Ford said.The basic version of the truck will be able to generate 426 horsepower and tow up to 7,700 pounds. It also comes with a 32-amp charger which Ford said makes "the transition affordable for small and medium-size businesses."<div type="image" title="Ford's F-150 Lightning Pro electric pickup truck towing machinery" height="2774" width="5549" msid="82912069" hostid="261"></div>In comparison, the extended range can pull up to 10,000 pounds with the optional Max Trailer Tow Package, generates up to 563 horsepower, and comes with both an 80-amp Ford Charge Station Pro and onboard dual chargers. Read more: <a href="https://www.businessinsider.com/auto-chip-crisis-is-threatening-recovery-from-the-pandemic-2021-5">The chip shortage has left US car buyers scouring empty dealerships. That won't change anytime soon.</a>"F-150 Lightning Pro represents so much more than an electric workhorse - it's made for commercial customers inside and out, it gets better over time, and it's totally plugged into always-on services that can help business productivity," said Jim Farley, Ford's president and CEO, in the press release.

Ford unveils a 'Pro' version of its F-150 Lightning electric pickup. It starts at $40,000, is aimed at commercial customers, and can tow up to 7,700 pounds: take a look.

<ul class="summary-list"><li>The US Navy has a number of unmanned ships and aircraft in development.</li><li>Those drones will have many roles, all meant to extend the range and effectiveness of the fleet.</li></ul>US Navy aircraft carriers may be deploying alongside unmanned vessels by 2027 or 2028 — or "earlier, if I can" make it happen, Adm. Michael Gilday, the service's top officer, said in February.Those drone warships "may not necessarily be completely unmanned," but that timeline would allow the Navy to "crawl-walk-run" and have those unmanned systems available "in large numbers" by the 2030s, Gilday said, pointing to the recently activated unmanned task force as a key part of that effort."We're doing sprints with this unmanned task force to challenge and sometimes fail so that we identify and know when we need to pivot and where we need to double down," Gilday told reporters in San Diego.The accelerated timeline shows how much work the Navy has done with <a href="https://www.globalsecurity.org/military/library/policy/navy/unmanned-campaign-framework_us-navy_20210315.pdf" target="_blank" rel="noopener">unmanned systems</a> and its dedication to making them what Gilday called a "trusted and integral part of the war fight."<h2>Unmanned aircraft</h2><div type="image" title="Navy littoral combat ship USS Tulsa MQ-8B Fire Scout" height="1139" width="1519" msid="90593677" hostid="261"></div>The Navy has operated smaller drone aircraft, such as the Scan Eagle and RQ-21, from its warships for years.The MQ-8B, an unmanned helicopter, has been in service for over a decade, and the MQ-8C entered service in 2019. They mostly operate from guided-missile frigates and littoral combat ships to conduct targeting and intelligence, surveillance, and reconnaissance missions.The Navy and Marine Corps are both in early testing of longer-range shore-based drones, working with the <a href="https://seapowermagazine.org/first-mq-4c-triton-with-multi-intelligence-upgrade-delivered-to-the-navy/" target="_blank" rel="noopener">MQ-4C</a> and <a href="https://www.marines.mil/News/News-Display/Article/2766284/3rd-maw-procures-marine-corps-first-mq-9a-reaper/" target="_blank" rel="noopener">MQ-9A</a>, respectively.The most anticipated asset, however, is the <a href="https://www.boeing.com/defense/mq25/" target="_blank" rel="noopener">MQ-25</a> aerial-refueling drone, which will be the first carrier-based drone in service.<div type="image" title="MQ-25 Navy aircraft carrier USS George H.W. Bush" height="1428" width="2000" msid="90593678" hostid="261"></div>An MQ-25 refueled an airborne F/A-18 for the first time in June 2021 and conducted non-flight testing aboard the <keyword id="11898296" type="UNKNOWN" weightage="60" keywordseo="aircraft-carrier" source="Orion">aircraft carrier</keyword> USS George H.W. Bush — <a href="https://www.businessinsider.com/us-china-developing-new-aerial-refueling-tankers-to-extend-range-2021-12" target="_blank" rel="noopener">its first test period aboard the carrier</a> — in December.The MQ-25 is designed to carry 15,000 pounds of fuel — enough for two aircraft — about 500 nautical miles, allowing it to extend an F/A-18's operating range by 300 miles. The drone will free up manpower and take over the refueling mission from F/A-18s that were assigned that role.The extended range will also help the Navy counter the <a href="https://www.businessinsider.com/chinese-admiral-attack-us-carriers-as-thats-what-us-fears-the-most-2019-1" target="_blank" rel="noopener">threat of long-range anti-ship missiles</a>. Navy officials say the MQ-25 may take on ISR and strike missions in the future.The Navy plans to acquire 72 MQ-25s and hopes to have them operating on carriers by 2025.<h2>Unmanned vessels</h2><div type="image" title="Navy sea hunter unmanned surface ship drone" height="640" width="853" msid="90593679" hostid="261"></div>The Navy also wants to develop and procure <a href="https://crsreports.congress.gov/product/pdf/R/R45757" target="_blank" rel="noopener">three types of unmanned surface and undersea vehicles</a>: the Large Unmanned Surface Vehicle (LUSV), Medium Unmanned Surface Vehicle (MUSV), and Extra-Large Unmanned Undersea Vehicle (XLUUV).Based on commercial designs, LSUVs are expected to be 200 to 300 feet long and displace 1,000 to 2,000 tons fully loaded, putting them on par with a corvette. They are meant to be low-cost, high-endurance ships that can be reconfigured for strike and anti-ship missions, with anywhere between 16 and 32 cells for vertical-launch missiles.MUSVs are to have a similar design but smaller size, coming in at 45 to 190 feet long and displacing around 500 tons — roughly the same as a patrol vessel. They are intended to conduct ISR and electronic warfare.LUSVs and MUSVs may occasionally require small crews as their technology and operating concepts are worked out.<div type="image" title="Boeing Echo Voyager unmanned underwater vehicle drone" height="600" width="960" msid="90593680" hostid="261"></div>XLUUVs will have a diameter of more than 84 inches, making them too large to be deployed from a submarine. The Navy has said that the XLUUV will "accommodate a variety of large payloads," but its size, range, and endurance mean it will have to be launched from a pier at a forward operating location.The Navy is looking at the XLUUV to be a <a href="https://www.forbes.com/sites/hisutton/2019/12/17/the-us-navys-new-orca-drone-submarine-could-get-offensive-role/?sh=515dfe0760ca" target="_blank" rel="noopener">deployment vehicle</a> for <a href="https://www.forbes.com/sites/davidhambling/2020/10/22/us-navys-hammerhead-mine-aims-to-tip-balance-in-south-china-sea/?sh=372b639f7df7" target="_blank" rel="noopener">Hammerhead naval mines</a>.The LUSV and MUSV programs are using prototypes made by the Defense Department's <a href="https://www.navalnews.com/naval-news/2022/03/sco-transfers-overlord-unmanned-surface-vessels-to-u-s-navy/" target="_blank" rel="noopener">Strategic Capabilities Office</a> and the <a href="https://news.usni.org/2021/04/08/navy-takes-delivery-of-sea-hawk-unmanned-vessel" target="_blank" rel="noopener">Defense Advanced Research Projects Agency</a>.In 2020, six contracts totaling more than $41 million were awarded for industry studies on the LUSV, while L3 Technologies <a href="https://breakingdefense.com/2020/07/navy-inks-deal-for-new-unmanned-fleet/" target="_blank" rel="noopener">received</a> a $34.9 million contract to build a MUSV prototype, with an option for eight more.In 2019, Boeing <a href="https://www.thedrive.com/the-war-zone/26513/boeing-is-building-the-navy-big-orca-submarine-drones-to-hunt-and-lay-mines-and-more" target="_blank" rel="noopener">was selected</a> to build five XLUUVs based on its <a href="https://www.boeing.com/defense/autonomous-systems/echo-voyager/" target="_blank" rel="noopener">Echo Voyager</a>. With a standard length of 51 feet, the Echo Voyager can accommodate a 14-foot or 34-foot payload section. It has a range of 6,500 nautical miles.<h2>Move fast, fail fast</h2><div type="image" title="MQ-25 on aircraft carrier USS George H.W. Bush" height="942" width="1257" msid="90593681" hostid="261"></div>Despite the complexity and sheer number of systems, the Navy is making progress in developing and integrating unmanned vehicles and the components needed to operate them into the fleet.The Navy is <a href="https://breakingdefense.com/2022/01/four-carriers-being-prepped-for-navys-project-overmatch/" target="_blank" rel="noopener">preparing</a> to fit four aircraft carriers with upgrades related to <a href="https://www.defensenews.com/it-networks/2022/03/28/navy-dramatically-increases-funding-for-secretive-project-overmatch/?fbclid=IwAR2489J7d48ZAEcRGmWcSr_QAEzZ18i7sSHw-wr_5XfnC8DnsJlG_xixkqE" target="_blank" rel="noopener">Project Overmatch</a>, the naval contribution to the US military's Joint All Domain Command and Control program. Project Overmatch is meant to link the sensors on Navy surface ships and aircraft, giving them a common operating picture.In February, the Navy concluded the <a href="https://www.centcom.mil/MEDIA/NEWS-ARTICLES/News-Article-View/Article/2940622/large-scale-international-exercise-in-middle-east-africa-concludes/" target="_blank" rel="noopener">International Maritime Exercise 2022</a>. Led by US Naval Forces Central Command, it was the largest maritime exercise in the Middle East — with 50 vessels from more than 60 countries — and the <a href="https://www.navalnews.com/naval-news/2022/02/imx-2022-the-largest-unmanned-maritime-exercise-in-the-world/" target="_blank" rel="noopener">largest unmanned exercise in history</a>, with 10 countries operating more than 80 unmanned vehicles.Performance issues have made lawmakers <a href="https://www.defensenews.com/naval/2022/03/22/us-navy-considers-alternatives-to-unmanned-boats-with-missiles/" target="_blank" rel="noopener">wary</a> of the Navy's unmanned systems, but Gilday said the Unmanned Task Force is meant to speed their development, allowing the Navy to scale the effort up in the next several years."What we're trying to do is move very fast and — almost like the Google approach — fail fast if we need to," Gilday said. "It's a lean task force, but we have put some of the best minds in the unmanned area against these problem sets."

US Navy aircraft carriers may soon be fighting alongside unmanned ships and pilotless aircraft

<ul class="summary-list"><li>Aid from foreign governments and civilians has flowed to Ukraine since Russia attacked in February.</li><li>Much of it has been military aid, but Ukrainians are also repurposing donations for battlefield use.</li></ul>In the six months since Russia launched its renewed attack on Ukraine, the US and its NATO allies have sent billions of dollars' worth of modern weaponry that has helped Kyiv hold the line and, in recent weeks, turn the tide against Moscow.Although Ukraine's forces have benefited greatly from that security aid, they have also put their creativity to work, devising ingenious ways to turn what they have on hand into deadly weapons.There is probably no better example of this than their conversion of pickup trucks and SUVs into <a href="https://www.businessinsider.com/civilian-fords-and-toyotas-turned-into-battle-trucks-for-ukraines-forces-2022-6" target="_blank" rel="noopener">militarized vehicles</a> known as "technicals."<h2>Technicals against Russia</h2><div type="image" title="Ukraine Poland military vehicles" height="1333" width="2000" msid="94153948" hostid="261" sizebytes="231810"></div>The Ukrainians have shown remarkable ingenuity in their fight against Russian forces. They have developed an anti-ship missile, the Neptune, that Kyiv <a href="https://www.washingtonpost.com/world/2022/04/14/ukraine-russian-missile-cruiser-moskva-warship/" target="_blank" rel="noopener">said</a> was used to sink the flagship of Russia's Black Sea Fleet, the Moskva.They have also developed a large arsenal of unmanned aerial systems by taking commercial drones and turning them into grenade-lobbing machines that are killing, maiming, and intimidating Russian troops.Within a few weeks of the start of Russia's attack on February 24, shops and small factories had popped up inside and outside of Ukraine to convert pickup trucks and SUVs — <a href="https://www.washingtonpost.com/world/2022/03/18/ukraine-military-aid-shipments/" target="_blank" rel="noopener">many of them donated</a> from abroad — into battlefield vehicles, <a href="https://www.businessinsider.com/civilian-fords-and-toyotas-turned-into-battle-trucks-for-ukraines-forces-2022-6" target="_blank" rel="noopener">adding armor, weapons mounts, and decorations</a> before handing them over to Ukrainians.<div type="image" title="Anonymous Ukrainian soldiers with a Cars4Ukraine vehicle" height="720" width="960" msid="94153949" hostid="261" sizebytes="130948"></div>Technicals are relatively easy to make and don't require specialized training to operate, and footage from the ground shows that Ukrainians have been quite creative in using them.The standard configuration of Ukrainian technicals has a heavy machine gun — usually a Soviet-origin 12.7mm or a Western-designed .50-caliber weapon — on the back of the vehicle, but other inventive modifications have been seen in action.In one instance, a Ukrainian unit used technicals to create mobile hunter-killer mobile anti-aircraft teams that could move around and engage Russian aircraft and drones. A <a href="https://twitter.com/RALee85/status/1558907554993999874" target="_blank" rel="noopener">video</a> from the unit shows a small team of Ukrainians dismounting after spotting an enemy target and engaging it with FIM-92 Stinger missiles.<div type="image" title="Ukraine donated military vehicle spray paint" height="1333" width="2000" msid="94153950" hostid="261" sizebytes="160028"></div>In another example, a Ukrainian unit turned a technical into a makeshift multiple launch rocket system, lobbing rockets at Russian positions before moving to a new firing position.In yet another case, Ukrainian troops used technicals as <a href="https://twitter.com/RALee85/status/1558449638310662147" target="_blank" rel="noopener">hunter-killer anti-tank units</a>, firing FGM-148 Javelin anti-tank missiles from Peugeot pickup trucks.Ukrainian forces <a href="https://twitter.com/UAWeapons/status/1544436568328380422" target="_blank" rel="noopener">are also using technicals</a> to move around the battlefield quickly, allowing them to counter <a href="https://www.businessinsider.com/how-russia-is-waging-its-war-with-artillery-in-ukraine-2022-7" target="_blank" rel="noopener">Russia's counter-battery fire</a>."The platform offers so much flexibility it's stupid not to use," a retired US Army Delta Force operator told Insider.<div type="image" title="Ukrainian troops fire multiple launch rocket system from pickup truck" height="639" width="1280" msid="94153951" hostid="261" sizebytes="43148"></div>"Granted, we used them because they allowed us to blend into the environment and get closer to the target without getting shot at, but the Ukrainians are using them because that is one of the things that is available to them," the retired operator added, speaking on the condition of anonymity because of ongoing work with the government.In April, Boris Johnson, the British prime minister at the time, <a href="https://www.reuters.com/world/europe/britain-examining-anti-ship-missile-solution-ukraine-2022-04-19/" target="_blank" rel="noopener">said</a> the UK was looking at the possibility of sending technicals armed with Brimstone missiles to provide Ukraine's military a mobile anti-ship capability."From what I've seen, the technical has stood up to the challenges of a modern-day, conventional battlefield," the retired operator said. "Although the air space is still contested and neither side enjoys the crucial air superiority, the Ukrainian technical is faring well against a proper military."<h2>The birth of the technical</h2><div type="image" title="Afghanistan Taliban Stinger missile airliner" height="965" width="1400" msid="94153952" hostid="261" sizebytes="84992"></div>Vehicles carrying heavy weapons and heavily armed fighters have been a staple of modern battlefields, but "technicals" gained notoriety in the early days of the US-led war on terror.CIA paramilitary officers and US and UK special operators started using them in earnest in Afghanistan in 2001. Gradually, the technical became an essential part of a special-operations team's kit. (The threat of improvised explosive devices eventually forced US troops into more heavily armored vehicles.)"We used them every chance we got because they were easy to drive and could go almost everywhere," the retired Delta operator said of technicals, calling them "one of the trademarks" of the war on terror."As far as the best vehicle to turn into a technical, hands down the Toyota Hilux," the retired operator added. "That thing can take some serious beating and keep running."<div type="image" title="US troops pickup trucks technicals C-17 Syria" height="661" width="882" msid="94153956" hostid="261" sizebytes="29774"></div>Delta Force — <a href="https://www.businessinsider.com/jsoc-special-mission-units-delta-devgru-24th-sts-and-isa-2022-2" target="_blank" rel="noopener">a tier-one special missions unit</a> specializing in hostage-rescue and counterterrorism operations — developed its own technicals that looked like ordinary Toyotas but were outfitted with smoke grenades, radios, and bulletproof windows.The practice spread. US Army Green Berets, Navy SEALs, and operators from other coalition militaries started using technicals to blend in and move effectively."We made them look like they were just another vehicle" that would been seen in a Middle Eastern country, the retired operator said. "That offered us an extra layer of security, as the enemy, or anyone else for the matter of fact, couldn't tell we were Americans from afar."Stavros Atlamazoglou is a defense journalist specializing in special operations, a Hellenic Army veteran (national service with the 575th Marine Battalion and Army HQ), and a Johns Hopkins University graduate. He is currently working toward a master's degree in strategy and cybersecurity at the Johns Hopkins School of Advanced International Studies.

Ukraine's defenders are turning personal vehicles into 'technicals' to fight off Russian forces

<ul><li><keyword id="4241330" type="PERSON" weightage="20" keywordseo="suryoday-small-finance-bank">Suryoday Small Finance Bank</keyword> initial public offer (IPO) worth ₹581 crore has gone live today, and it will be open for subscription till March 19.</li><li>The price band is fixed at ₹303-305, and each lot consists of 49 equity shares.</li><li>Analysts are bullish on the bank, pointing to its strong credit processes, strong financial performance and cost-efficient operations.</li><li>The bank has proposed to use the proceeds of the IPO towards boosting its Tier-1 capital base to meet future capital requirements.</li></ul>Suryoday Small Finance Bank (SSFB) has kicked off its initial public offer (IPO) worth ₹581 crore today, March 17. It joins companies like Anupam Rasayan, Craftsman Automation, EaseMyTrip, MTAR Technologies among others that went public this year. The <keyword id="10539050" type="UNKNOWN" weightage="20" keywordseo="Suryoday-Small-Finance-Bank-ipo">Suryoday Small Finance Bank IPO</keyword> is now open and will be live till March 19, with a price band of ₹303-305. Each lot consists of 49 shares. A total of 1.9 crore shares are available for subscription in the IPO. 50% of the issue is reserved for qualified institutional buyers (QIB), 15% for non-institutional bidders and the remaining 35% for retail investors. The proceeds of the IPO are proposed to be used for boosting the bank’s Tier-1 capital base to meet future capital requirements. Tier-1 capital refers to the core capital of a bank that consists of equity shares and retained earnings. It is used to measure the bank’s financial strength and its capital adequacy. Analysts are mostly bullish on the IPO. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Brokerage/analyst </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Recommendation </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">LKP Securities </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Dilip Davda </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Subscribe at own risk </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Anand Rathi </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Subscribe for long term </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Marwadi Shares and Finance </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr></tbody></table> “Suryoday Small Finance Bank is among the leading SFBs in India in terms of net interest margins, return on assets, yields and deposit growth and had the lowest cost-to-income ratio among SFBs in India in fiscal 2020,” a report by Axis Capital said. One of the measures to evaluate SSFB’s performance is yield to gross loan portfolio. This measures the bank’s ability to generate income such as interest, fees, and commissions from the loans it has issued. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Year </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Yield on Gross Loan Portfolio </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Mar-18 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">21.41% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Mar-19 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">21.78% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Mar-20 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.93% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Dec-20* </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">19.76% </td></tr></tbody></table> Source: Axis Capital Note: *Data up to December 31, 2020. “SSFB has been growing tremendously since the conversion as an SFB and is currently in a robust financial position that will enable them to expand their business quickly,” stated a report by Anand Rathi Research. <cmsannotation type="cmsannotation" annotationid="What is the business of Suryoday Small Finance Bank?" comment="subhead" text="What is the business of Suryoday Small Finance Bank?">What is the business of Suryoday Small Finance Bank?</cmsannotation> SSFB currently provides a wide range of products and services, including housing loans, commercial vehicle loans, micro business loans, unsecured micro and small enterprise loans, among others. Explaining the extent of SSFB’s operations, a HDFC Securities reported states, “As of December 31, 2020, SSFBL’s customer base was 1.44 million and its employee base comprised 4,770 employees and it operated 554 Banking Outlets including 153 Unbanked Rural Centres.” SSFB commenced its microfinance operations in 2009. It received the small finance bank (SFB) licence from the Reserve Bank of India (RBI) in 2016. Prior to getting approval to operate as a small finance bank from the Reserve Bank of India, SSFB operated as a non-banking finance corporation and offered small ticket-size loans to women from weaker sections of the society. SSFB serves customers in the unbanked and underbanked categories. It has been serving these segments for over a decade now. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/laxmi-organic-kicks-off-its-600-crore-ipo-should-you-subscribe/articleshow/81509655.cms">Laxmi Organic kicks off its ₹600 crore IPO – should you subscribe?</a> <a href="https://www.businessinsider.in/stock-market/news/craftsman-automation-has-launched-its-824-crore-initial-public-offer-ipo-in-stock-market-in-india/articleshow/81506486.cms">The ₹824-crore Craftsman Automation IPO opens today – should you subscribe?</a> <a href="https://www.businessinsider.in/stock-market/news/nazara-technologies-ipo-opens-today-should-you-subscribe/articleshow/81542657.cms">Nazara Technologies will be the first pure-play gaming company to debut on the Indian public markets – analysts are all in for it</a>

Suryoday Small Finance Bank IPO worth ₹581 crore opens today – should you subscribe?

<ul class="summary-list"><li><keyword id="11897862" type="UNKNOWN" weightage="60" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> thinks new electric vehicle startups are doing it all wrong, he told the Financial Times. </li><li>EV companies are taking too big a swing early on, he said, calling their approach "crazy."</li></ul><keyword id="11900744" type="UNKNOWN" weightage="60" keywordseo="tesla" source="Orion">Tesla</keyword> CEO Elon Musk has a word of advice for the field of electric car startups trying to replicate his company's success: It's extremely difficult. During an interview at the <a href="https://www.ft.com/video/1bf5c3d6-fdf1-4a24-975e-c58aa5bb0d1a">Financial Times's Future of the Car conference</a> on Tuesday, Musk said he sees many fledgling electric-vehicle companies taking the wrong approach. And if they view Tesla's gangbusters success as a sign that EVs are a surefire way to get rich, they should think again. "Tesla almost went bankrupt so many times I lost count," Musk said. "To start a car company is mega pain. It is not easy money. It is the furthest thing from easy money you could possibly imagine."According to Musk, the widening crop of EV startups today is taking too big of swings too early on. "What I see with some of these new car companies is that they're jumping in at the deep end and trying to create a high-volume vehicle when they have never made a vehicle before," Musk said. "This is like not practicing your athletic sport and then going to the Olympics. You're not going to win. This is crazy."Musk says startups should start small and make their mistakes early before progressing to higher production volumes. "You really need to start out small, makes your mistakes at a small scale, make sure you've got a lot of reserved capital, and then gradually build up from the dumb things you do in the beginning and be less dumb over time," the Tesla CEO said. It's "extremely difficult," he added, to go up against established automakers who have the advantage of existing expertise, dealer networks, and customers. Rivian and Lucid Motors, two of the most promising EV startups, began shipping their first vehicles late last year. For Rivian, that's an outdoorsy pickup truck. For Lucid, it's a $170,000 luxury sedan called the Air. Both startups have had a <a href="https://www.businessinsider.com/lucid-insiders-ev-startups-ramp-up-production-problems-2022-4">rougher time scaling up manufacturing</a> than they expected, forcing them to <a href="https://www.businessinsider.com/rivian-class-action-suit-accuses-rj-scaringe-misleading-investors-preipo-2022-3">raise prices</a> and <a href="https://www.reuters.com/markets/europe/lucid-slashes-2022-production-goal-after-missing-target-last-year-2022-02-28/">cut production targets</a>. As it races to deliver cars, Lucid has had to buy parts off of Amazon and send corporate workers to help assemble vehicles, Insider <a href="https://www.businessinsider.com/lucid-insiders-ev-startups-ramp-up-production-problems-2022-4">reported</a> previously. And a huge array of <a href="https://www.businessinsider.com/ev-startup-arrival-dumps-the-assembly-line-in-search-of-profits-2022-4">upstarts</a> promises to unleash electric pickups, SUVs, sedans, and commercial vehicles in the near future. The new EV player that impresses Musk most of all, he said Monday, isn't a startup at all but rather one of the largest automakers on the planet: Volkswagen. "I think the company making the most progress besides Tesla is actually VW, which is not a startup but could be viewed in some ways as a startup from an electric-vehicle standpoint. So VW is doing the most on the electric vehicle front."

Elon Musk reveals what other electric car startups are doing wrong

<ul class="summary-list"><li>Western countries have sent billions worth of weapons to <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>, including "kamikaze drones."</li><li><keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> has employed those kinds of drones, called loitering munitions, and others during its invasion.</li></ul>As the war in Ukraine is entering its second month, the US, NATO, and the EU continue to supply Kyiv with weapons to fight off the Russian invaders.Western countries have sent billions worth of weapons to Ukraine, including "kamikaze drones," anti-tank and anti-aircraft missiles, machine guns, rifles, grenades, helmets, and body armor.Despite reports of Russia repositioning its forces, fighting has continued in parts of Ukraine, including in cities where Russian troops are firing rockets, missiles, and artillery.With the war set to drag on, potentially with more brutal urban combat, the US military is reportedly <a href="https://www.reuters.com/world/exclusive-pentagon-revives-team-speed-arms-ukraine-allies-sources-2022-03-11/" target="_blank" rel="noopener">looking for ways</a> to provide Ukraine with counter small unmanned aerial systems — drone-killing devices to swat Russian unmanned aerial vehicles out of the sky.<h2>Drones and drone-killers</h2><div type="image" title="Ukraine police Russian drone" height="1350" width="2000" msid="90652227" hostid="261"></div>Unmanned aerial systems <a href="https://www.businessinsider.com/us-military-drones-role-changing-amid-great-power-competition-2021-11" target="_blank" rel="noopener">have become an integral part of modern warfare</a>. First developed by US intelligence agencies and the Pentagon, they started off as intelligence, surveillance, and reconnaissance platforms.They debuted in the Balkans during the NATO campaign and the hunt for Serbian war criminals. During the war on terror, drones like the MQ-1 Predator and MQ-9 Reaper played a more significant role in military and intelligence operations.Armed with weapons like the AGM-114 Hellfire missiles, they were increasingly used for close air support and precision-strike missions, though drone strikes often led to collateral damage, including civilian casualties.Drones could stay over a target for hours and monitor the situation on the ground, providing commanders on the ground and at more distant headquarters with tactical intelligence and awareness of conditions on the ground."Drones can be dirty cheap but deadly," a Green Beret assigned to a National Guard unit told Insider. "A well-aimed loitering munition can take out the C2 [command and control] of an enemy, sowing chaos and confusion. A swarm of them can even halt or stop an armored column."<div type="image" title="Ukraine soldier shoots at Russian drone" height="1334" width="2000" msid="90652229" hostid="261"></div>In the skies over Ukraine, <a href="https://www.businessinsider.com/us-sends-ukraine-loitering-drones-for-kamikaze-attacks-on-russia-2022-3" target="_blank" rel="noopener">small loitering munitions, or "kamikaze drones,"</a> are some of the most dangerous unmanned aerial systems. Reports indicate that Ukrainians are using them effectively, enabling small units to wreak havoc on Russian forces.But the Russians are using them too. Zala KUB-BLA loitering munitions, which pack a 7-pound warhead, have been sighted in Ukraine. The Ukrainians have managed to disable a few of them, mainly through counter-drone weapons, such as the Ukrainian Bukovel-AD, an electronic-warfare device mounted on a truck, Nota jamming arrays, and EDM45-UA jammer guns.According to the Ukrainian Ministry of Defense, Ukrainian forces have shot down 85 unmanned aerial systems as of April 1."Drones are proliferating [on] the battlefield, and so is <keyword id="13545176" type="UNKNOWN" weightage="60" keywordseo="anti-drone" source="Orion">anti-drone</keyword> tech," said the Green Beret, who requested anonymity because they were not authorized to speak to the media.There are two main ways that these drones are being shot down.There is the "standard" method of destroying them in the air <a href="https://www.businessinsider.com/watch-f35-fighter-jet-score-first-air-to-air-kills-2022-3" target="_blank" rel="noopener">with air-to-air</a> or anti-aircraft fire. Drones are generally slow, making them easy targets from the ground, even with small-arms fire.More advanced drones, such as the US military's MQ-9 and the RQ-4, fly at very high altitudes, often over 50,000 feet — far out of reach of small-arms fire.The second way to shoot down a drone is by interfering with its electronics, primarily through radio-frequency energy.<h2>Anti-drone weapons for Ukraine</h2><div type="image" title="Soldiers dronebuster counter-unmanned aerial system" height="1333" width="2000" msid="90652230" hostid="261"></div>The rapid adoption of drones has made anti-drone systems "really important," the Green Beret told Insider. "We've been using them for a while now, primarily in Syria and Iraq, where the ISIS had a decent drone capability."Two types of anti-drone weapons under consideration by the US are Flex Force's Dronebuster and IXI's Dronekiller, <a href="https://twitter.com/paulmcleary/status/1503704047416754177" target="_blank" rel="noopener">according to Politico</a>.The Dronebuster is a compact and lightweight counter-drone weapon that is specialized for use against commercial drones. It uses radio-frequency energy to overwhelm the drone's control frequency, causing it to stop and either hover or return to its operator. It can also overwhelm a drone's GPS, causing it to hover, land, or crash.The Dronebuster is the only handheld anti-drone weapon authorized for US military use. It can be used in a fixed site or as a handheld unit, giving its operators some flexibility.The Dronekiller is a rifle-sized counter-drone weapon that uses radio-frequency energy to interrupt a drone's command-and-control signals or its guidance, causing it to land or to return to its operator. It has a range of about 1,100 yards and can spot a drone by its radio-frequency signature.Stavros Atlamazoglou is a defense journalist specializing in special operations, a Hellenic Army veteran (national service with the 575th Marine Battalion and Army HQ), and a Johns Hopkins University graduate.

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