NewSpace India Limited (NSIL) launched GSAT-24 in its first "demand-driven" communication satellite mission post space sector reforms, leasing the entire capacity on board to Direct-to-Home (DTH) service provider Tata Play.

Built by Indian Space Research Organisation for NSIL, the satellite was successfully placed into geostationary orbit by the Ariane 5 rocket, operated by French company Arianespace, from Kourou in French Guiana (South America) on Thursday.

Prime Minister Narendra Modi on Thursday met Taiwan-based manufacturing giant Foxconn's Chairman Young Liu and hailed the company's electronics manufacturing plans in the country.

"Glad to meet Mr. Young Liu, Chairman, Foxconn. I welcome their plans for expanding electronics manufacturing capacity in India, including in semiconductors," Modi said in a tweet.

E-commerce major Flipkart Group has committed to achieving net-zero carbon emissions target in its own operations by 2030 and the larger value chain by 2040, according to a statement.

As part of this pledge, the Flipkart Group would take measures in its own operations to reduce 100 per cent emissions by 2030 by increasing energy efficiency at its corporate office, and supply chain facilities and powering its energy needs through renewable sources, such as solar.

Information technology (IT) services and consulting firm Accenture beat Street expectations to clock a revenue of $16.16 billion in the quarter ended May 2022 (Q3). The number, buoyed by cloud and digital transformation, was an increase of 22 per cent over the $13.26 billion reported for the same quarter a year earlier. The double-digit growth rate augurs well for the Indian IT services industry.

Accenture follows a September-August financial year. Third quarter represented period from March-May 2022.

Realty major Macrotech Developers Ltd on Thursday announced its entry in the Bengaluru market and has formed a joint venture to develop its first housing project with an estimated sales bookings value of Rs 1,200 crore.

In a regulatory filing, Macrotech Developers said it will acquire 100 per cent equity of G Corp Homes to make foray into the Bengaluru market.

With a surge in the cases of coronavirus infection in India, the country reported as many as 13,313 new cases of Covid-19 on Thursday in the last 24 hours, as compared to the 12,249 cases on Wednesday, informed the Ministry of Health and Family Welfare.

According to the Ministry, 10,972 people have recovered from the infection which took the total number of recoveries to 4,27,36,027 at the rate of 98.6 per cent.

Vodafone Idea (Vi) has opted for a four year moratorium on payment of Rs 8837 crore in AGR dues in addition to one exercised last year. Similarly, the telecom company has the option to convert interest on deferred amount into additional equity to government.

The government is set to own 33 per cent stake in Vi following an earlier decision to convert interest with net present value of interest worth Rs 16,000 crore into equity.

Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.

As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president for new energy at Reliance, said at the BloombergNEF summit in New Delhi on Wednesday.

Realty firm Supertech Ltd on Wednesday said it plans to raise about Rs 300 crore to expedite construction activities at its ongoing projects across the Delhi-NCR market.

In a statement, Supertech said it has "resumed construction in full swing" at all its projects after the orders of the National Company Law Appellate Tribunal (NCLAT) dated June 10, allowing the company to continue project execution at all projects and limiting the scope of corporate insolvency resolution process ordered by NCLT earlier.

Kalpataru Power Transmission Ltd and its arms have bagged new orders worth Rs 2,290 crore.

Kalpataru Power Transmission Limited (KPTL), a leading global EPC (engineering, procurement and construction) player in the power and infrastructure contracting sector, and its subsidiaries have secured new orders/notification of awards of Rs 2,290 crore at a consolidated level, a company statement said.

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