to instantly read 150+ free stories & 250-word summaries of all our stories

One man's penalty is another's payday

Antrix stuck with $1-billion payout, but India’s busy building a Newspace

Antrix, the commercial arm of ISRO, could be buried in penalties any day now due to its scrapped deal with Devas Multimedia. But even before the time of death can be called, the Indian government has created a possible replacement. Newspace India Ltd

09/04/19

Seema Singh

On 6 March, the Department of Space (DOS) set up a new public sector space company. The Cabinet, chaired by PM Narendra Modi, gave the approval on Feb 19

 

DOS already has a public sector company, Antrix Corp, with similar ownership. Why create a parallel company?

 

Is this new company, Newspace India Ltd, a safety net as Antrix and GoI face at least $1.5 billion in liability payout in the Devas case?

 

Of the three lost arbitration cases, the second damage award could be announced any day now. Is there a chance that Antrix may get liquidated?

antrix-lead_2-copy-1920x1080.jpg

Elections rouse emotions. Especially one where 900 million people will vote to elect their leaders this month. That, to an extent, explains the timing and the ensuing chest-thumping after India demonstrated its ability to destroy targets in space by shooting down one of its own satellites late last month. It, however, doesn’t explain this under-the-radar…

To access this post, you must purchase Monthly Recurring, Quarterly or Weekly Product.

Read the full story. Create a free account.

Or subscribe. Why? Let us explain.

Already Registered?

Related stories

More stories in /Reportage & /Science

See all in Analysis & Reportage

Want to read this story for free right now? Just

Read the full story instantly.
Just enter your email address.

Or subscribe. Why? Let us explain.

Or

By registering, you will be signed-up for an account which gives you access to a free story published once a week and archives of all our free stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account.

What you get

Access all free stories

100+ archived free stories, and all upcoming ones too.

Paid story summaries

Read an exclusive 200 word summary for all our paid stories.

Daily Newsletters

Our world-renowned emails, in your inbox, every day.

Or get full access to all our stories

About subscriptions

Already Registered? Login

Questions?

What is The Ken?

The Ken is a subscription-driven media site. We write one story a day (weekdays only). These stories have sharp, original insights on technology, business, science and healthcare from India.

Why do I have to sign up to read your stories?

Our stories are not free. Well, some select stories are. But, a significant part of what we write at The Ken is for subscribers only. We put in a lot of effort and resources in writing our stories and believe that you must pay for good journalism.
Hence, our three plans. 1) The annual membership
2) The free sign up
3) The recurring quarterly subscription

On journalism and why you should pay for it, if you haven’t already seen it, here’s a great explainer from John Oliver.

So, one must pay for journalism?

Yes.

How many stories will I get if I take an annual membership?

200+ stories.

And, in the free sign up?

Four stories every month.

Do I get a refund?

We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am not getting my daily emails. Do I have to whitelist emails from The Ken?

An added benefit of your subscription (free/paid) are the daily personalised emails. These emails, at times, might end up in your spam/junk folder due to emojis, attachments or images. In case you’re not receiving these emails, it might help to whitelist us. If the problem still persists, write to us at [email protected].

Why am I unable to access the archives?

Full and unrestricted access to our archives is a feature of our annual membership.

My payment is not going through, what can I do?

Please write to us at [email protected] detailing the payment error or queries.

See all FAQs

    See all results for Ken

    No results found for Ken.