VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh
16 Sep
Science & Technology

VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh

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NASA Space Technology NASA Space Technology According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold a 3.81% stake in Honasa Consumer and Fireside Ventures offloaded a 2.03% stake in the company.By CNBCTV18September 16, 2024, 12:05:00 AM IST (Published)Varun Alagh, the founder of Honasa Consumer, told CNBC-TV18 in an exclusive chat that all their investors are very happy with the returns they have generated after shares worth ₹1,763 crore changed hands in the block deal on Thursday. “After you go public, it’s great because you have unlocked value for your investors,” added Alagh.Mamaearth’s early backers including Peak XV Partners, Fireside Ventures, Sofina and Stellaris Venture Partners have sold a 10% stake in the D2C company’s parent Honasa Consumer on September 12.“The most amazing thing in this block deal...
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Earth to Get AN Asteroid Mini-Moon for 2 Months
16 Sep
Science & Technology

Earth to Get AN Asteroid Mini-Moon for 2 Months

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NASA Space Technology Earth is set to temporarily capture a small asteroid, named 2024 PT5, from September 29 to November 25. Discovered by NASAs ATLAS system, this 10-meter-wide asteroid will make a horseshoe-shaped path around Earth but will not complete a full orbit.Similar to asteroid 2022 NX1, 2024 PT5 is a natural object, likely originating from the Arjuna asteroid belt. While Earth has previously captured asteroids into its orbit, sometimes for complete revolutions, PT5 will escape after 53 days. This brief encounter offers a rare glimpse into Earths interactions with space, showcasing how our planet can influence nearby celestial objects.
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NASA JPL To Help Gather Sub Arctic Ice Data
16 Sep
Science & Technology

NASA JPL To Help Gather Sub Arctic Ice Data

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NASA Space Technology NASAs Jet Propulsion Laboratory is working on a robotics project to help gather data from under the Antarctic ice.The current project is called IceNode and aims to deploy a fleet of autonomous robots that are capable of diving deep beneath the Antarctic ice shelves to gather valuable scientific data.The robots should provide insight into global warming and its effects on the ice sheets, which, if they melt, could cause a massive climate disaster across the planet, according to IceNode science lead and JPL climate scientist Ian Fenty:Weve been pondering how to surmount these technological and logistical challenges for years, and we think weve found a way. The goal is getting data directly at the ice-ocean melting interface, beneath the ice shelf.While IceNode’s Principal Investigator and JPL robotics engineer Paul Glick added:These robots...
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Uttam fast-tracks repairs of breaches to save kharif crops on four lakh acres
16 Sep
Science & Technology

Uttam fast-tracks repairs of breaches to save kharif crops on four lakh acres

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NASA Space Technology Hyderabad: Irrigation minister N. Uttam Kumar Reddy has initiated repairs on a war-footing at the Nagarjunasagar left bank canal (LBC) to save crops over nearly four lakh acres. The canal had sustained multiple breaches due to the recent heavy floods.The damage to this critical canal system has threatened standing kharif crops in Suryapet district. On Sunday, the minister conducted a comprehensive field-level inspection of the ongoing repairs in Huzurnagar and Kodad Assembly constituencies. He emphasised the importance of expediting the repairs in order to safeguard the livelihoods of thousands of farmers. The aim was to complete repairs that typically take one to two months within a week.During his visit to Kodad constituency, the minister inspected ongoing repair works at Nadigudem mandal in Ramachandrapuram. Restoration works in this area are crucial, given the...
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