India, US must collaborate more on space research, says NASA scientist

January 22, 2017

New Delhi, Jan 22: India and the US should collaborate more on space research programmes, a prominent scientist from the US space agency NASA stressed here as he felicitated two young Indian astronomers who created history by discovering asteroids in 2010 that are now recognised by the International Astronomical Union (IAU) in the US.

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Amanjot Singh and Sahil Wadhwa, former students of Ryan International School in Rohini, were part of the All India Asteroid Search Campaign (AIASC) conducted by New Delhi-based Science Popularisation Association of Communicators and Educators (SPACE) organisation in collaboration with the International Astronomical Search Collaboration, where they discovered the main belt asteroid numbered as 2010 PO24.

“India and the US should collaborate on such research programmes. NASA is looking forward to invite students from across the globe to participate in their space outreach programmes,” Paul Rosen, Project Scientist, NASA-ISRO Synthetic Aperture Radar from NASA Jet Propulsion Laboratory (JPL), said.
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“What started as an excuse for night-out with friends became a passion. It is this passion that helped me succeed,” added Singh at the annual meet organised by SPACE which is working to make science and astronomy popular among youngsters in India.

In the asteroid search campaign, students from across the country were able to discover nearly 500 new rocks in space. However, these remained preliminary discoveries as they appeared to be asteroids but did not get confirmed because they tend to move away from their orbits. But, when the discovered asteroids remain in their orbits, it is named as a provisional discovery.

“Out of the 37 asteroids discovered (provisional discovery) worldwide in 2016, 27 have been by Indian students,” Sachin Bahmba, Chairman and Managing Director-SPACE Group said.

The annual meet was also addressed by former SPACE achievers who stressed on the need for research platforms and opportunities for children across the country to excel in astronomy and science and technology.

“Curiosity to explore the unknown and an opportunity provided by SPACE led me to the field of astronomy,” Aryan Mishra, a 17-year-old astronomer who discovered an asteroid in 2014, said.
“For children living in a developing country like India, it is not easy to dream about space and the field of astronomy. However, it is my endeavour to change the mindset of people towards this field,” added Mishra.

“Do not end your doubt with nothing. Try to find out as it may lead to a huge discovery one day,” said 17-year-old Yashraj Bhardwaj. Bhardwaj, who along with his twin brother Yuvraj, is the winner of Karamveer Chakra Award. The two have 22 projects — national and international — as well as seven patents to their names.

Through various astronomy-based outreach programmes, SPACE has managed to touch base with more than one lakh families and have educated more than 20,000 students annually, Bahmba informed. “We look forward to fruitful Indo-US ties, which can come up with new technological advancements through researches done by amateurs and the scientific community of both the countries,” he said.

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Agencies
February 29,2020

Ahmedabad, Feb 29: The presence of two feral pigeons onboard a GoAir flight at the airport in Ahmedabad in Gujarat created a flutter among the amused passengers, even though the avian surprise did not lead to any untoward incident or delay in the flight.

The incident took place on Friday when the passengers were boarding the Ahmedabad-Jaipur flight.

"Two pigeons had found their way inside the flight G8 702 while the passengers were boarding," an airline statement said on Saturday.

"The crew immediately shooed away the birds. The flight took off at its scheduled time at 5 p.m.," it added.

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Agencies
March 8,2020

New Delhi, Mar 8: In order to spread awareness, a special COVID-19 mobile phone caller tune was launched by all telecom operators with basic infection prevention messages played when a caller dials-out, Ministry of Health and Family Welfare said on Saturday.

"In order to spread awareness about COVID-19, a special COVID-19 mobile phone caller tune was launched by all telecom operators. Over 117.2 crore subscribers of BSNL, MTNL Reliance Jio, Airtel and Vodafone-Idea are being progressively reached out to through SMSs and Call Backs," Ministry of Health and Family Welfare said in a press statement.

"As many as 52 laboratories are now operational across the country for testing the COVID-19 virus. An additional 57 laboratories have been provided with Viral Transport Media and swabs for sample collection," the statement added.

India has 39 confirmed cases of deadly coronavirus so far. The disease has caused deaths of 3200 people globally. 

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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