Bengaluru (PTI): In a landmark event for India's space exploration programme, ISRO on Monday signed a Memorandum of Understanding with TIFR for scientific collaboration in the domain of space science, technology, and exploration, the space agency said.

The signing ceremony took place at ISRO Headquarters here, and was presided over by the space agency's Chairman V Narayanan.

In a statement, ISRO said that this event marks a historical milestone, as it establishes the formal framework for scientific collaboration between ISRO and Tata Institute of Fundamental Research, organisations that have shared an "umbilical" relationship in space sciences for over several decades.

"While TIFR played a critical role in the formative days of the Indian space programme through early balloon experiments and mission-specific partnerships like AstroSat, this MoU provides a structured multi-year collaboration in ground and space-based scientific exploration of the outer space," the space agency said.

ISRO Chairman Narayanan in his presidential address stated that this MoU bridges a critical gap in the formal framework for science collaboration.

He highlighted that India is entering an era where science extends to exoplanetary study and the development of several national capabilities.

Collaboration between ISRO and TIFR would facilitate the materialisation of the nation's target to achieve excellence in space science in the global arena.

Ganesh Pillai, Scientific Secretary, ISRO recalled TIFR's role as the "cradle of Indian space scientists," noting its pivotal contributions to the early day's of the country's space programme, which paved the way to TIFR's contributions to the AstroSat mission.

Jayaram Chengalur, Director, TIFR emphasised that the institute will leverage national space and ground-based technological capabilities to propose projects that translate fundamental scientific knowledge into tangible advancements aligned with national initiatives.

According to ISRO, this partnership significantly enhances India's might in space exploration by fostering a seamless pipeline between academic excellence and space infrastructure. By co-developing indigenous hardware and joint testing facilities, the MoU reduces dependency on foreign entities.

Furthermore, this collaboration ensures that joint activities will place India at the forefront of global fundamental space science, it added.

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Rajkot (PTI): Three officials of leading private banks were arrested for their alleged involvement in a Rs 2,500-crore cyber fraud racket in Gujarat's Rajkot district, bringing the number of those held so far in the case to 20, police said on Monday.

Those arrested were identified as Maulik Kamani, a personal manager at Yes Bank in Padadhari; Kalpesh Dangariya, a manager at Axis Bank in Jamnagar; and Anurag Baldha, a personal banker with HDFC Bank, Rajkot (Rural) Superintendent of Police Vijay Gurjar said.

Dangariya and Baldha were previously employed with Yes Bank, he added.

Kamani allegedly assisted the earlier arrested accused in opening and managing suspicious accounts. He also helped bypass banking alerts triggered by high-value transactions by submitting additional documentation to keep accounts active, the SP said.

Kamani was allegedly involved in cash withdrawals that were later routed through hawala channels (illegal money transfer system), supported by digital evidence recovered from his mobile device, he added.

Dangariya is accused of facilitating the opening of fraudulent accounts using fake or misrepresented identities, police said.

He also assisted in structuring documentation, including Agricultural Produce Market Committee (APMC)-related papers, to prevent transactions from being flagged as suspicious, they said.

On the other hand, Baldha opened new accounts after verification and certification processes as part of the racket, Gurjar informed.

All the three accused are in police custody, while others are in jail under judicial remand, SP said.

So far, police have identified 85 bank accounts linked to the racket with 535 complaints filed on the cyber crime portal.

The total transaction linked to the cyber fraud exceeds Rs 2,500 crore, police said.

The earlier fraud amount was pegged by police at Rs 1,500 crore.