India to manufacture manned spaceship with Russia’s help

SpaceShipRussia has decided to help India in making an indigenous manned spaceship by providing the technology used in developing Souyz spacecraft. The project is expected to be completed by the year 2020.

Regarding the issue, a senior official said, "The Indian side intends to use the experience of building the manned spaceship Soyuz to advance in building their own spaceship. We will build this spaceship on a similar technical scheme, but it will not resemble Soyuz."

The chief of the department of piloted programmes of the federal space agency, Roskosmos, Mr. Alexei Krasnov has informed the Itar-Tass news agency that the Russian spaceship Soyuz is heavier and cannot be launched by Indian Rocket boosters which are too light to carry the spaceship.

The Indian spaceship would be built with the same technology as the Soyuz craft, but will carry a different outer model. India and Russia have been cooperating with each other since 1980s and Russia will assist India in this programme till the year 2020.

It was the Russian spacecraft Soyuf, in which India's first Astronaut Rakesh Sharma traveled to space in the year 1984. During his space travel he spent eight days on the Salyut-7 orbital station and performed various scientific experiments.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.