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Prime Minister Narendra Modi virtually launched the Indian Space Association on Monday, calling it a 'single window, an independent agency' for space technology. 
"India will have to ensure that space plays an important role in uniting, connecting the world in the 21st century," he said and that it will help in making India self-reliant, technologically advanced and a leading player in the space arena. 
He added that reforms in the space sector were based on four pillars: freedom of innovation to the private sector, the government's role as an enabler, preparing the youth for the future and seeing the space sector as a tool for the development of the common man.
The Prime Minister also noted that ISpA's launch was taking place on a day when the world celebrates International Day of the Girl Child. He said thar he was hopeful that reforms in space sector would encourage more women participation.
Earlier the space sector was only limited to the government, he said. However, "we changed that mindset and introduced innovations in the field." The founding members include Larson & Toubro, Nelco (Tata Group), OneWeb, Bharti Airtel, Mapmyindia, Walchandnagar Industries and Ananth Technology Limited.
The association plans to undertake policy advocacy and engage with all stakeholders in the Indian space domain, including the government and its agencies.

'Single window for space technology': PM Modi launches Indian Space Association

Prime Minister Modi launched the Indian Space Association on Monday, calling it a 'single window, an independent agency' for space technology. 

Prime Minister Narendra&nbsp;Modi&nbsp;virtually launched the Indian Space Association on Monday, calling it a 'single window, an independent agency' for space technology.&nbsp;
SOT- "India will have to ensure that space plays an important role in uniting, connecting the world in the 21st century," he said and that it will help in making India self-reliant, technologically advanced and a leading player in the space arena.&nbsp;
He added that&nbsp;reforms in the space sector were based on four pillars: SOT The Prime Minister also noted that ISpA's launch was taking place on a day when the world celebrates International Day of the Girl Child.
SOT- GIRL Earlier the space sector was only limited to the government, the founding members of the Space Association will be&nbsp;Larson &amp; Toubro, Tata Group, OneWeb, Bharti Airtel, Mapmyindia, Walchandnagar Industries and Ananth Technology Limited.
The association plans to undertake policy advocacy and engage with all stakeholders in the Indian space domain, including the government and its agencies.

Prime Minister Narendra&nbsp;Modi&nbsp;launched the Indian Space Association on Monday, calling it a 'single window, an independent agency' for space technology.&nbsp;

Prime Minister Narendra&nbsp;Modi&nbsp;virtually launched the Indian Space Association on Monday, calling it a 'single window, an independent agency' for space technology.&nbsp;
"India will have to ensure that space plays an important role in uniting, connecting the world in the 21st century," he said and that it will help in making India self-reliant, technologically advanced and a leading player in the space arena.&nbsp;
Also watch: <a href="https://www.editorji.com/india-news/india-75-india-looks-to-become-a-major-space-power-with-its-ambitious-missions-1628693765187">India@75: India, a space super power in the making</a>
He added that&nbsp;reforms in the space sector were based on four pillars: freedom of innovation to the private sector, the government's role as an enabler, preparing the youth for the future and seeing the space sector as a tool for the development of the common man.
The Prime Minister also noted that <a href="https://www.editorji.com/business-news/mittal-to-be-an-indian-musk-bharti-group-to-launch-satellites-with-isro-1633939566518" target="_blank">ISpA</a>'s launch was taking place on a day when the world celebrates International Day of the Girl Child. He said thar he was hopeful that reforms in space sector would encourage more women participation.
Also Watch:&nbsp;Watch:<a href="https://www.editorji.com/india-news/watch-isro-rocket-launch-with-3-satellites-2022-s-first-for-indian-space-agency-1644808264414" target="_blank"> ISRO rocket launch with 3 satellites; 2022's first for Indian space agency</a>
Earlier the space sector was only limited to the government, he said. However, "we changed that mindset and introduced innovations in the field."&nbsp;The founding members include Larson &amp; Toubro, Nelco (Tata Group), OneWeb, Bharti Airtel, Mapmyindia, Walchandnagar Industries and Ananth Technology Limited.
The association plans to undertake policy advocacy and engage with all stakeholders in the Indian space domain, including the government and its agencies.
Also Read:&nbsp;<a href="https://www.editorji.com/india-news/gatishakti-pm-modi-launches-rs-100-lakh-crore-master-plan-for-infra-1634111849891" target="_blank">GatiShakti: PM Modi launches Rs 100 lakh crore master plan for infra</a>

Bharti Airtel is one a move as the stock has been hitting a new life time high for the last three sessions.
At nearly Rs 4 lakh crore, Bharti Airtel today has surpassed state-owned banking giant State Bank of India (SBI) in market-cap ranking. SBI market-cap stood at Rs 3.88 lakh crore, the BSE data shows.
Scrips of Bharti Airtel moved over 3% to Rs 717 level on Tuesday. The stock has gained more than 40% this year.
The stock has been surging on multiple triggers from rolling out 5G solutions to entry-level tariff plans to fundraising plans to venturing into cloud gaming.
On August 30, the second largest telecom company in India announced its plan to raise funds up to Rs 21,000 crore by way of the rights issue, primarily to fund its dues linked to adjusted gross revenue (AGR). 
 

Bharti Airtel: Shares on a roll; surpasses SBI in market cap

Airtel&nbsp;ringing in gains for shareholders, Record high prices as it surpasses SBI&nbsp;in market-cap.&nbsp;

Bharti Airtel shares crossed Rs 700 level for the first time

Bharti&nbsp;Airtel&nbsp;is ringing in gains and dialling in cheer for shareholders as the stock&nbsp;has been hitting&nbsp;a new life time high for the last three sessions.
At nearly Rs 4 lakh&nbsp;crore,&nbsp;Bharti Airtel&nbsp;has surpassed state-owned banking giant <a href="https://www.editorji.com/business-news/personal-finance/sbi-changes-imps-norms-service-charges-here-is-all-you-need-to-know-1641354703600" target="_blank">State Bank of India (SBI)</a> in market-cap ranking. SBI market-cap stood at Rs 3.88 lakh&nbsp;crore, the BSE data shows.
Scrips of Bharti&nbsp;Airtel&nbsp;moved over 3% to Rs 717 level on Wednesday. The stock has gained nearly 40% from it's May lows.&nbsp;
The stock has been surging on multiple triggers from rolling out 5G solutions to entry-level tariff plans to&nbsp;fundraising plans to venturing into cloud gaming.
On August 30, the second largest telecom&nbsp;company in India announced its plan to raise funds up to Rs 21,000 crore by way of the rights issue, primarily to fund its dues linked to adjusted gross revenue (AGR).&nbsp;
&nbsp;

Telecom major Bharti Airtel's board has approved raising Rs 21,000 crore via a rights issue.

Bharti Airtel to raise Rs 21,000 crore via rights issue

Bharti Airtel approves plan to raise Rs 21,000 crore&nbsp;via rights issue. 1 share for every 14 shares. Click to know the offer price.

Telecom&nbsp;major Bharti&nbsp;Airtel's&nbsp;board has approved raising Rs 21,000 crore&nbsp;via a rights issue.
The funds are expected to be utilised to bolster Airtel's cash reserves to pay statutory dues, deepen its 4G network and expand in the&nbsp;5G space.
As per its release,&nbsp;shareholders will receive one new share for every 14 shares held at Rs 535 each, which is at a 10% discount to the stock's closing price&nbsp;of Rs 594 on Friday. 25% of the payment will be done on the application and the balance in two more calls within an overall time horizon of 36 months.
The promoter and the promoter group of Bharti&nbsp;Airtel will collectively subscribe to the full extent of their aggregate rights entitlement.
This is the company&rsquo;s second rights issue in just over two years &mdash; it had raised Rs25,000 crore in May 2019.&nbsp;
As of end-June, the company had net debt of around Rs 1.6 lakh crore.
According to Goldman Sachs, Airtel needs to pay Rs 4,100 crore in adjusted gross revenue dues to the government by March 2022, and also has spectrum fee payments of Rs 8,500 crore coming up in FY23.

Airtel needs funds&nbsp;to pay upcoming AGR&nbsp;dues, spectrum fees and to invest in its network.

Telecom&nbsp;major Bharti&nbsp;Airtel's&nbsp;board has approved raising Rs 21,000 crore&nbsp;via a rights issue.
The funds are expected to be utilised to bolster Airtel's cash reserves to pay statutory dues, deepen its 4G network and expand in the&nbsp;5G space.
As per its release,&nbsp;shareholders will receive one new share for every 14 shares held at Rs 535 each, which is at a 10% discount to the stock's closing price&nbsp;of Rs 594 on Friday. 25% of the payment will be done on the application and the balance in two more calls within an overall time horizon of 36 months.
The promoter and the promoter group of <a href="https://www.editorji.com/story/airtel-dials-in-to-the-supreme-court-seeks-review-of-the-agr-dues-1629431505575" target="_blank">Bharti&nbsp;Airtel</a> will collectively subscribe to the full extent of their aggregate rights entitlement.
This is the company&rsquo;s second rights issue in just over two years &mdash; it had raised Rs25,000 crore in May 2019.&nbsp;
As of end-June, the company had net debt of around Rs 1.6 lakh crore.
Also Read:&nbsp;<a href="https://www.editorji.com/story/sc-dismisses-pleas-of-telecom-companies-to-recompute-agr-dues-1627017571005" target="_blank">Massive setback for Bharti Airtel, VI and Tata Tele, SC dismisses plea to recompute AGR dues</a>
According to Goldman Sachs, Airtel needs to pay Rs 4,100 crore in adjusted gross revenue dues to the government by March 2022, and also has spectrum fee payments of Rs 8,500 crore coming up in FY23.

Lack of a reliable ecosystem and the high price of the coveted&nbsp;5G spectrum&nbsp;will deter&nbsp;Bharti Airtel&nbsp;from participating in the auctions if th

Airtel to stay away from 5G auctions: report

Bharti Airtel would stay away from the 5G auctions if they happened next year due to the high price:report

Lack of a reliable ecosystem and the high price of the coveted&nbsp;5G spectrum&nbsp;will deter&nbsp;Bharti Airtel&nbsp;from participating in the auctions if they happen next year, Business Standard has reported.&nbsp;Bharti Airtel&nbsp;said it would stay away from the 5G auctions, if they happened next year as the spectrum offered at the current prices was not affordable for the company, the report said.

Lack of a reliable ecosystem and the high price of the coveted&nbsp;5G spectrum&nbsp;will deter&nbsp;Bharti Airtel&nbsp;from participating in the auctions if they happen next year, Business Standard&nbsp; has reported.&nbsp;Bharti Airtel&nbsp;said it would stay away from the 5G auctions, if they happened next year as the spectrum offered at the current prices was not affordable for the company, the report said.

SC gives telecom companies 10 years to pay AGR dues

The Supreme Court on Tuesday granted 10 years to the&nbsp;telecom&nbsp;companies to pay their adjusted gross revenue or AGR&nbsp;dues.
A three-judge apex court bench, headed by Justice Arun Mishra, directed telcos to make 10% upfront payment of their AGR dues by March 31, 2021 and the rest in yearly instalments, starting from April 1, 2021. The top court has asked&nbsp;telecom companies to submit personal guarantees within four weeks against the payment of AGR dues.
The department of telecommunications (DoT), in March, had appealed to the apex court seeking 20 years for paying AGR dues.
As per the DoT assessment, total amount was ₹1.19 lakh crore &mdash; Vodafone Idea owed ₹58,254 crore and&nbsp;Bharti Airtel ₹43,989 crore.
Vodafone has already paid a part of its AGR dues and has ₹50,399 crore pending, while Airtel&rsquo;s outstanding amount is ₹25,976 crore.

bharti airtel

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