Monday, September 07
The consortium of Hindustan Aeronautics Limited (HAL) and Larsen & Toubro has indigenously built the first PSLV rocket, which is set to launch the Oceansat satellite early next year, a senior L&T official told PTI. "We have started delivering the PSLV hardware. We are hopeful that next year we will probably have two or three launches," A T Ramchandani, Senior Vice President and Head, L&T Precision Engineering and Systems, told PTI on the sidelines of the India International Space Conclave organised by the Indian Space Association. Ramchandani recently assumed charge as Chairman of the Indian Space Association, the industry body representing the country’s space sector. In 2022, ISRO signed a contract with the HAL–L&T consortium for the end-to-end production of five PSLV-
Inflation in the U.K. fell to a four-month low in October, official figures showed Wednesday, in a move that has raised expectations of another Bank of England interest rate cut next month.The Office for National Statistics said the annual rate of inflation, as measured by the consumer prices index, fell to 3.6% in October from 3.8% the previous month.Though the rate was the lowest since June, it was a bit higher than the 3.5% that most economists were forecasting for the month. The main downward influence came from domestic energy bills, while a rebound in food prices partly offset that.Even though inflation remains above the bank's 2% target, economists said policymakers will likely sanction a quarter-point rate cut at their next meeting on Dec. 18, especially as the labor market has wea
I keep hearing some version of this argument: Yes, we’re in an AI bubble. But even in the dot-com crash, the best companies survived and made people rich. Just look at Amazon.com Inc.Fine, but it’s easy to forget that it took more than eight years for Amazon’s stock price to return to its March 1999 pre-crash level. And then there’s Cisco Systems Inc., whose journey was even more arduous: Its post-dot-com crash recovery was finally completed on Monday. 125435143 It’s comparisons like this, to 1999 and the misery that ensued, that have dampened Nvidia Corp. in recent days. Its stock is down more than 7% over the past seven days despite expectations of another extraordinary quarterly earnings report on Wednesday.The leading AI chipmaker is expected to post 57% year-on-year revenue
