Mihir Mishra

India said it plans to share its technology involving the Polar Satellite Launch Vehicle, the country’s most reliable rocket, to help speed up development of the local space industry.

Skyroot Aerospace Pvt announced that it was gearing up for its maiden flight of Vikram-1 — India’s first privately designed and developed orbital rocket — between July 12 and August 4, in what would be a critical milestone for the country’s first space unicorn after facing several delays.

India’s attempt to fire up its fledgling private space program is showing early signs of success.

Airlines in the Persian Gulf are looking to snap up earlier delivery slots for Boeing Co. and Airbus SE aircraft that may be freed up as Air India Ltd. discusses potentially deferring some orders, according to people familiar with the matter.

Skyroot Aerospace Pvt announced that it was gearing up for the debut launch of Vikram-1 — India's first privately designed and developed orbital rocket — between July 12 and August 4, in what would be a critical milestone for the country's first space unicorn after facing several delays

India is considering options including holding talks with Iran in order to secure safe passage for at least nine laden tankers waiting in the Persian Gulf, as attacks in the waterway threaten an already fragile interim ceasefire.

New Delhi wants to secure the transit of crude and LPG carriers carrying 198 Indian seafarers as new attacks threaten the Strait of Hormuz ceasefire.

Akasa Air is looking to raise 10.5 billion rupees ($110 million) through equity and debt, people familiar with the matter said, as India’s youngest airline seeks funds to overcome challenges brought on by the Iran war.

Akasa Air is raising funds through equity and debt to navigate industry challenges. The airline seeks eight billion rupees from investors and two point five billion rupees in loans. Existing owners will contribute five billion rupees to the equity portion. Despite headwinds, Akasa Air has expanded its operations locally. The company plans further capacity increases in the coming year.

As the youngest Indian airline seeks funds in form of investment and debt, it has also been the only airline to meaningfully expand its operations since the West Asia war began in February.