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Chandrayaan-3 Lander on the Moon

News from thehindu

With the successful landing of the Lander Module of ISRO’s third lunar mission Chandrayaan-3, India has reached the Moon! It has also became the first country to land near the Moon’s south pole.

The Lander Module (LM) of the Indian Space Research Organisation’s (ISRO) third lunar mission Chandrayaan-3, launched on July 14, made a successfully landing on the Moon’s surface on August 23, making India only the fourth country after the erstwhile USSR, the U.S. and China to make a soft landing on the lunar surface. Congratulating the team of scientists at ISRO, PM Modi said, “India’s successful moon mission is not India’s alone...Our approach of one earth, one family one future is resonating across the globe...Moon mission is based on the same human centric approach. So, this success belongs to all of humanity.”

Precisely at 6.03 p.m. the lander touched the lunar surface and there was euphoric celebrations at the Mission Operations Complex (MOX) at ISRO Telemetry, Tracking, and.

Singapore's BOC signs financing pact for 10 Airbus aircraft with IndiGo

News from Business Standard

Singapore-headquartered BOC Aviation Limited and India's largest airline IndiGo have entered into a finance lease transaction involving 10 Airbus A320NEO aircraft to further expand its fleet, officials said on Wednesday.

All 10 aircraft powered by CFM LEAP-1A engines are scheduled for delivery in 2023, said BOC Aviatio

“We are delighted to be embarking on another transaction with our long-time customer IndiGo, to enable the airline to expand its fleet with the latest technology aircraft,” said Steven Townend, Deputy Managing Director and Chief Financial Officer, BOC Aviation.

“This showcases our ability to deploy alternative financing structures, to continue our long-term sustainable growth,” he said.

“We are pleased to enhance our partnership with BOC Aviation with the lease agreement for these 10 aircraft,” said Riyaz Peer Mohamed, Chief Aircraft Acquisition and Financing Officer, IndiGo.

This extended collaboration with BOC Aviation is part of IndiGo's expansion.

Bonus freedom to pay paltry 'Brexit dividend' for Britain's banks

News from Reuters

Banks in Britain may be free to award even bigger bonuses from January but new pay perks are unlikely to help the country's financial industry outshine its rivals because top bankers are wary of swapping handsome fixed salaries for uncertain rewards.

Scrapping the near decade-old cap on bonuses is a core plank of Britain's post-Brexit easing of rules the European Union adopted to stop excessive risk-taking after taxpayers had to bail out banks in the global financial crisis.

The outcome of a Bank of England and Financial Conduct Authority consultation on the proposal to remove curbs on bonuses is due in coming weeks. It would apply to payouts earned over 2024, though bringing forward the start to cover bonuses for 2023 is an option.

Ministers and regulators hope this will attract more top-level bankers to Britain, and bolster London's appeal as an international capital hub as it competes with New York, Singapore, and EU financial centres such as Paris and.

Hollywood studios release details of new proposal to striking writers

News from Reuters

Hollywood studios and streaming services on Tuesday released the terms of a revised proposal to writers in a bid to end one of two strikes that have halted production and cost the California economy billions of dollars.

The Alliance of Motion Picture and Television Producers (AMPTP), which negotiates on behalf of companies including Walt Disney (DIS.N) and Netflix (NFLX.O), changed its offer to include new details about critical issues like compensation, minimum staffing, residual payments and curbs on artificial intelligence.

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According to the latest proposal, the Writers' Guild of America (WGA) will get a compounded 13% pay increase over the three-year contract, and AI-generated written content will not be considered "literary material".

The streaming platforms also offered to provide the WGA with the total number of hours viewed for each made-for-streaming show in confidential quarterly reports.

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