Funding in space industry declines 55% to $59.1 mn
Financial Express Bengaluru|January 07, 2025
FUNDING IN SPACE sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.
REUTERS

The drop, which came amid a global 20% decline in space sector investment, marks the first fall in at least five years. Globally, space firms raised about $28 billion in last five years, while their Indian counterparts secured approximately $354 million in the same period, Tracxn data showed.

هذه القصة مأخوذة من طبعة January 07, 2025 من Financial Express Bengaluru.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 07, 2025 من Financial Express Bengaluru.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Financial Express Bengaluru

Trump comeback: Honda to go slow on new EVs

HONDA MOTOR WILL be cautious about starting production of new electric vehicles due to uncertainty about US President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.

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1 min  |
January 09, 2025
Financial Express Bengaluru

Bid for 2036 Olympics takes pan-India route

● Bhubaneswar, Bhopal, Pune to join Ahmedabad

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3 mins  |
January 09, 2025
Financial Express Bengaluru

Flying taxis are on the horizon

Taking Commuting To New Heights

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3 mins  |
January 09, 2025
Financial Express Bengaluru

Pritish Nandy dies at 73

Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.

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1 min  |
January 09, 2025
Financial Express Bengaluru

AI Policy to Get a Shot in the Arm

India's AI policy will likely address reskilling needs and promote AI-powered entrepreneurship to meet the rising demand for AI talent.

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1 min  |
January 09, 2025
Financial Express Bengaluru

Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies

The government is reviewing the two requests, the people said.

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1 min  |
January 09, 2025
Financial Express Bengaluru

India seeks NRI participation in 'Viksit Bharat'

THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).

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1 min  |
January 09, 2025
Financial Express Bengaluru

Oil pares gains on dollar strength

OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.

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1 min  |
January 09, 2025
Financial Express Bengaluru

Searching for global relevance

GCCs focus on skills-based hiring for growth

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2 mins  |
January 09, 2025
Financial Express Bengaluru

A power distribution poser

EACH CASE OF PRIVATISATION HAS BEEN A LESSON FOR THE NEXT

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4 mins  |
January 09, 2025