In a first, space PSU Nsil to distribute pvt firm GalaxEye’s satellite data | India News

[ad_1] BENGALURU: Bengaluru-based space start-up GalaxEye has signed a channel partnership agreement with Space PSU NewSpace India Limited (Nsil), marking the first time the State-owned company has partnered with a domestic private player to distribute satellite data.Under the agreement, Nsil will resell high-resolution OptoSAR data generated by GalaxEye’s own satellites. GalaxEye’s upcoming spacecraft will be…

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PFC, REC say moving ahead with planned merger, combined entity to benefit from strong balance sheet

[ad_1] NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the…

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