logo
Hyderabad startup Stardour successfully test fires India's 1st Hydrogen-Oxygen propulsion engine

Hyderabad startup Stardour successfully test fires India's 1st Hydrogen-Oxygen propulsion engine

Time of India28-07-2025
Representative Image
HYDERABAD: Spacetech startup Stardour, a stealth-mode startup based out of Hyderabad, has on Monday said it has successfully test fired India's first hydrogen and oxygen propulsion engine that it developed in-house.
The sustainable engine, which was tested at the Indian Institute of Science in Bengaluru, will power Stardour's flagship nextgen orbital transfer vehicle (OTV) called Lucas.
The startup, which was set up in 2020 and is led by former
ISRO
scientist Rama Rao, expects the maiden launch of Lucas in the third quarter of 2027. Lucas is being designed to carry out scientific and commercial expeditions across low earth orbit (LEO), geostationary orbit (GEO) as well as the moon and Mars, among others.
You Can Also Check:
Hyderabad AQI
|
Weather in Hyderabad
|
Bank Holidays in Hyderabad
|
Public Holidays in Hyderabad
An OTV is nothing but a space tug that picks up payloads such as satellites from one orbit to another, from a launch vehicle's drop-off point to final orbit, and can also conduct other jobs like orbit changes, orbital refuelling and spacecraft repair, life extension services and debris removal.
'This successful test fire is not just a technical milestone; it's a signal to the world that India is ready to lead in the new era of sustainable and autonomous in-space logistics,' said Stardour director Rama Rao.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Find out: this is how you clean your yoga mat!
Kingdom Of Men
Undo
According to IISc professor Pratikash Panda, the successful test-firing of Stardour's hydrogen-oxygen engine is a testament to the Indian startup's commitment to green propulsion technology and innovation in reusable spacecraft.
The bootstrapped startup, founded by Sankarsh Chanda, is working on green propulsion, orbital mobility, and deep-space exploration.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla to open second India showroom in Delhi's Aerocity on Aug 11: Report
Tesla to open second India showroom in Delhi's Aerocity on Aug 11: Report

Business Standard

time3 minutes ago

  • Business Standard

Tesla to open second India showroom in Delhi's Aerocity on Aug 11: Report

US-based Electric vehicle giant Tesla is preparing to open its second showroom in India—this time in the national capital. After launching in Mumbai, the company has chosen Delhi's Aerocity, a high-end commercial area near the Indira Gandhi International (IGI) Airport, for its next location. According to a report by CNBC-TV18, the new showroom is scheduled to open on August 11. This move comes shortly after Tesla introduced its Model Y in India. On the same day, Tesla also activated its official India website, which initially allowed users to register interest only from Mumbai, Delhi, and Gurugram. First showroom in Mumbai's BKC Tesla's entry into the Indian market began with the opening of its first showroom in Maker Maxity Mall, located in Mumbai's Bandra Kurla Complex (BKC). Two versions of the Model Y, imported from Tesla's Shanghai plant, are currently being showcased there. The company expects to start deliveries for the rear-wheel drive variant by the end of the third quarter. Customers opting for the long-range version can expect to receive their vehicles in the fourth quarter. Tesla Model Y: Variants & prices Tesla has officially introduced two variants of the Model Y in India: a rear-wheel drive (RWD) version and a long-range RWD variant. The base RWD model is priced at ₹59.89 lakh, while the long-range version comes in at ₹67.89 lakh. Including additional costs, the on-road price of the RWD model is ₹61.07 lakh, whereas the long-range variant reaches ₹69.15 lakh. Buyers of the rear-wheel-drive Model Y can choose between two battery pack sizes — 60 kWh and 75 kWh. This version features a single electric motor, delivering around 295 horsepower. The 60 kWh battery offers an estimated WLTP-certified range of up to 500 km on a full charge. Meanwhile, the long-range version is expected to deliver a higher range of approximately 622 km.

Boult eyes 4x profit in FY26, rebrands to GoBoult for premium push
Boult eyes 4x profit in FY26, rebrands to GoBoult for premium push

Economic Times

time3 minutes ago

  • Economic Times

Boult eyes 4x profit in FY26, rebrands to GoBoult for premium push

Boult expects a fourfold rise in net profit and 40% revenue growth in FY26, driven by premiumisation and rebranding to GoBoult. It aims to shed its value-for-money image and target higher average selling prices to cross Rs 1,000 crore in revenue. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Homegrown wearables maker Boult expects its net profit to surge four times on a 40% growth in revenue in this fiscal year through March 31, 2026, boosted by its premiumisation push, its co-founder Varun Gupta told ET. He added that the company is aiming to shed its value-for-money image amidst huge competition at the lower end, with a new name and logo for the which started operations in 2017, has seen its revenues doubling to Rs 800 crore in two years in FY2025, is aiming to cross the Rs 1,000 crore mark in FY26 on the back of average selling prices expected to cross over Rs 2,000, from Rs 1200 currently, Gupta bootstrapped wearables brand reported a net profit of Rs 2.5 crore, amidst intensifying competition as it saw its marketing and customer acquisition costs rise. Following the rebranding exercise, Gupta is targeting its net profits to cross Rs 10 crore in the next company is renaming itself to GoBoult, with the aim to shift its image from being a value-for-money brand to a more premium, youthful, contemporary brand image.'We are changing the way we think, operate, and build. GOBOULT is a brand that aligns with and is prepared for the pace and personality of the next generation. The rebrand reflects our commitment to moving faster, thinking bigger, and taking Indian innovation global,' Gupta said that despite the overall wearable and smartwatch segments declining in double digits and the truly-wireless audio segment remaining flat, Boult has not seen its growth slow down. It remains in the top five brands for both audio and smartwatches in the March quarter, according to company aims to move into higher ASP categories, by launching premium products and forming partnerships with legacy brands. Boult currently has a partnership with US auto brand Mustang. It is also partnering with Dolby for audio products.'We are the only bootstrapped and profitable player among the top five in the wearables industry. This shift is crucial because ASPs in the category have been declining, leading to lower gross profitability for the industry,' Gupta told part of its rebuild, the company wants to aggressively tap into offline retail, something which Gupta said was being hampered by its rival brands which had a higher market share in the offline space.'We encountered unfair practices from competition when we first started tapping into offline channels in February-March 2024. Some of our competitors, who had been in the space for 8-10 years and much larger in scale were pushing retailers not to stock our products,' Gupta hiccups, though, have now been solved, he said, adding that the company products are now available across 1,000 offline stores. It has now hired over 30 people for offline sales, with over 38 distributors and over 100 people out in the streets building its retailer network. The aim is to expand to 30,000 counters within the next 18 months, Gupta said.'The offline channel currently generates around Rs 5 crore in revenues every month. The goal is to increase it to a monthly Rs 25 crore. The largest player in the offline space is doing Rs 100 crore a month,' Gupta added.

Tesla in turmoil? Elon Musk admits he could be ousted, slams claims of loan ties to stock
Tesla in turmoil? Elon Musk admits he could be ousted, slams claims of loan ties to stock

Time of India

time13 minutes ago

  • Time of India

Tesla in turmoil? Elon Musk admits he could be ousted, slams claims of loan ties to stock

Elon Musk Tesla ownership : Tesla CEO Elon Musk has recently revealed his nightmares of losing control over the electric car giant, with fears that activist shareholders might topple him from the helm, as per a report. Musk, who holds around 12.8% ownership stakes at Tesla, has expressed that his share may not be sufficient to ensure his dominance, even as a major player behind the company's revolutionary breakthroughs, as per a Benzinga report. Tesla CEO Elon Musk Voices Fears Over Losing Control to Activist Shareholders He had posted on the social media platform X to describe how having about 25% of Tesla shares would enable him with sufficient influence to direct the direction of the company while there was still the potential that he would be replaced, as per the report. The fine balance demonstrates Musk's understanding of the intricate shareholder relationship and his continued struggle to hold on without intruding too much. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program ALSO READ: Tesla board approves $30 billion stock award for Elon Musk amid leadership uncertainty by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This new air conditioner cools down a room in just seconds News of the Discovery Undo Legal Battles Highlight Limits of Musk's Control Musk's discomfort is linked to recent legal disputes, when a Delaware court overturned a ginormous compensation package pegged to Tesla's growth objectives, a ruling that highlighted the boundaries of Musk's control despite of shareholder backing, according to Benzinga. Musk Denies Loan Rumors Against Tesla Stock The CEO also insisted he has no personal loans secured against his Tesla shares, rebuffing speculation that attempted to question his finances, as per the report. Musk wrote an X post on Friday, explaining that he has no personal loans against Tesla stock and reiterated his anxieties about being ousted by 'activist shareholders," as reported by Benzinga. Musk even expressed optimism that these concerns would be addressed at the forthcoming shareholders' meeting, according to the report. ALSO READ: Steelcase stock skyrockets after $2.2 billion HNI buyout — what it means for investors Live Events Potential to Increase Voting Power with Additional Shares With the possibility of buying another 304 million shares, Musk would boost his voting shares by approximately 4% after taxes, as reported by Benzinga. Nonetheless, he is concerned about activist investors who may not have his vision in mind for the EV maker's future, according to the report. Will Elon Musk Resign From Tesla? There are also speculations that the Tesla CEO might even resign if his ownership stake is curtailed due to the limitations imposed on his pay package, as reported by Benzinga. However, a majority of shareholders who had endorsed Musk's pay package continue to support his leadership of Tesla's operations, as reported by Benzinga. ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? Why Musk's Fears Matter for Tesla's Future The tech billionaire's concerns highlight the potential power dynamics at play within Tesla's shareholder base and his potential loss of control could significantly impact the company's strategic direction due to his instrumental role in shaping, according to the Benzinga report. FAQs Why is Elon Musk worried about losing control of Tesla? He fears activist shareholders might gain enough power to push him out, despite his current stake, as per the Benzinga report. How much of Tesla does Musk own right now? Musk owns about 12.8% of Tesla shares, as per the Benzinga report.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store