India to launch GISAT-1🛰
Buzz in IPO market, Apple's new child-safety tool and even more.
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India is set to launch the advanced geo-imaging satellite Gisat-1🛰
Three days prior to the 75th Independence Day celebrations, India will launch its most advanced geo-imaging satellite - Gisat-1.
This satellite will allow the government to better monitor the country's borders, especially with Pakistan and China, by imaging the sub-continent 3-4 times daily.
The COVID-19 pandemic has delayed the launch of Gisat-1 multiple times this year, but the satellite will finally begin its ascent from Sriharikota spaceport on August 12 at 5:43 am, IANS reported.
ISRO's GSLV-F10 rocket will carry the 2,268-kg Gisat-1 into Earth's geo-orbit. The code name of Gisat-1 is EOS-3.
Buzz in the IPO market continues🔥
The buzz in the IPO market continues with four companies launching their initial share sales this week to raise over Rs 14,628 crore collectively.
This comes after four companies launched their initial share sales last week to mobilize Rs 3,614 crore.
CarTrade Tech and Nuvoco Vistas Corporation issues will be available for subscription between August 9 and 11, while Chemplast Sanmar and Aptus Value Housing Finance India issues will be available between August 10 and 12.
So far in the current fiscal, 16 companies have raised Rs 30,666 cr through IPOs, against Rs 31,277 cr by 30 firms in the entire 2020-21.
Hot Shorts ⚡
Swiggy and Reliance BP Mobility Limited (RBML) have collaborated to deploy electric vehicles in the delivery fleet of Swiggy's food delivery platform. RBML will set up Jio-bp battery swapping stations at various locations, assisted by Swiggy.
MicroStrategy, the enterprise analytics and mobility software company with the most bitcoins among public corporations worldwide, will continue to buy the digital currency despite reporting $424.8 million in impairment losses.
Concerns over Apple’s new child-safety tool🎲
Concerns have been raised by privacy groups, industry executives, and academics about Apple's new child-safety measures for its devices.
While the intention is noble, the method of implementation has drawn criticism from prominent figures such as WhatsApp CEO Will Cathcart and privacy advocate Edward Snowden.
On August 6, the firm announced that it would employ built-in software to scan photographs that users keep on their smartphones, as well as its messaging and cloud services, in order to flag content that depicts child sexual abuse (CSAM).
Tweet of the day🐥
✅ Maharashtra CM Uddhav Thackeray declared on Fb Live that Mumbai local trains will resume on August 15 for individuals who are fully vaccinated.🚆
✅ As part of the Paris 2024 presentation, the national anthem of the future host country was provided on film for the first time in an Olympic Games handover event.🇫🇷
Life gets better once you react less.
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