ISRO's 2nd lunar mission called off due to technical glitch : Bulletin: Business Today
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ISRO's 2nd lunar mission called off due to technical glitch

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July 15, 2019

Chandrayaan-2: ISRO's second lunar mission called off 56 mins before launch due to technical glitch

Less than an hour before lift off, India's second mission to Moon, Chandrayaan-2 onboard GSLVMkIII-M1 was Monday called off due to a technical snag, the Indian Space Research Organisation (ISRO) said.The countdown to the launch scheduled for 2.51 am was stopped 56 minutes and 24 seconds before lift off at 1.55 am following the announcement from the Mission Control Centre.

Indian housing lender DHFL says financial situation grim; may not survive

One of India's biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL), warned on Saturday that its financial situation was so grim that it may not survive. The company said it was "undergoing substantial financial stress" and its ability to raise funds was "substantially impaired and the business has been brought to a standstill with there being minimal/virtually no disbursements."

IndiGo row: Rahul Bhatia unlikely to agree on control structure dilution, ready for scrutiny

Engaged in a bitter tiff with friend and co-promoter Rakesh Gangwal, IndiGo's Rahul Bhatia is unlikely to agree to dilute the airline's control structure, reports suggest. This framework grants Bhatia the power to nominate Chairman, CEO and other management personnel in the company.Moreover, Bhatia is confident that IndiGo is not in violation of the Company Law by any measure, and is prepared for scrutiny of the company books by any government agency

Huawei plans extensive layoffs in US; hundreds may be affected


Huawei Technologies Co Ltd is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its US blacklisting, the Wall Street Journal reported, citing people familiar with the matter.The layoffs are expected to affect jobs at Huawei's US-based research and development subsidiary Futurewei Technologies, which employs about 850 people in research labs across the US, the Journal said.

China GDP growth slows to 6.2 pc in second quarter


China's growth slowed to its weakest pace in almost three decades in the second quarter, with the US-China trade war and weakening global demand weighing on the world's number-two economy, official data showed Monday according to AFP. The slowing economy makes it more difficult for President Xi Jinping to fight back forcefully against the US -- which is using tariffs as leverage to try to force Beijing into opening up its economy.

USD 5 bn US fine set for Facebook on privacy probe: Report


S regulators have approved a USD 5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday. The newspaper said the Federal Trade Commission approved the settlement in a 3-2 vote, with the two Democratic members of the consumer protection agency dissenting.

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