Third developmental flight of SSLV is 100 per cent success: ISRO Chairman Vijay Karthik
Sriharikota (Andhra Pradesh) (PTI): ISRO on Friday successfully launched an Earth observation satellite on board a small satellite launch vehicle, giving a boost to India's space programme.
The third developmental flight carrying Earth Observation Satellite (EOS-08) along with a passenger satellite SR-0 DEMOSAT was successfully placed into the intended orbit as planned.
"The third developmental flight SSLV-D3 with EOS-08 satellite has been successfully accomplished. The rocket has placed the spacecraft in the very precise orbit as planned and there are no deviations in the injection of satellites," ISRO Chairman S Somanath said, addressing the gathering from the Mission Control Centre at this spaceport here.
He said the launch parameters of the satellite indicate that everything (mission launch) is perfect and the Earth Observation Satellite and the passenger satellite SR-O DEMOSAT have been injected after the manouveres.
"Congratulations now to the SSLV-D3 project team and with this the third developmental flight of SSLV has been completed," he said.
"We are in the process of transferring SSLV technologies to industries and so it is a very good beginning for the SSLV and the launch vehicle," he said.
The payload carried by the rocket has been designed and realised by the ISRO team, he said.
"It is 100 per cent successful and the satellite has been placed into its intended orbit," Somanath told reporters later.
"As I am aware, solar panels (of the rocket) have already been deployed, further, we are looking for certain activities in the VTM stage and all that will be completed in due course of time. so congratulations once again for The entire team who worked behind the scene to develop this SSLV rocket and its culmination of developmental programme. Let us give a big round of applause to the entire (SSLV-D3) team," he said.
Mission Director S S Vinod said, "today we have achieved a major milestone in the journey of SSLV. The last and final developmental flight of SSLV-D3 has been successfully accomplished and with that we are moving into the operational phase."
He said the scientists have injected the EOS satellite and the passenger satellite into the precise orbit.
"The efforts put in by one and all has resulted in this achievement. Let me take this opportunity to thank the people who were behind this. Especially the management who had the confidence and trust in us to handover the development of a new launch vehicle to a new team which was able to achieve the targeted launch of D1, D2 and D3 within a short timeframe. Especially, we thank the management led by our beloved Chairman S Somanath who has been part and parcel of this SSLV and also behind in realising the system," he said.
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Binny Bansal steps down from board of PhonePe
New Delhi, Nov 22: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said in a release.
"PhonePe also announced that Flipkart's co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then," the release said.
Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, "I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!"
Nigam further said that Sabharwal's depth of understanding of India's macro economy, coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards shared vision of a Viksit Bharat by 2047.
Sabharwal is Vice-Chairman of Teamlease Services, India's largest staffing and human capital firm.
Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).
