Business

Auction of brands and trademarks of Kingfisher Airlines turned out to be a damp squib today as lenders failed to attract a single bidder for sale of these pledged assets at a reserve price of Rs 366.70 crore in their efforts to recover unpaid loans from beleaguered Vijay Mallya.

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The European Space Agency (ESA) is set to join Russia’s ambitious plan to colonize the Moon, with an announcement that it will provide key tech for a planned exploration mission in 2020, and possibly help construct a permanent outpost.

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Announced by Russia’s space agency Roscosmos last November, Luna 27 is a robotic lander that will land in the South Pole–Aitken basin, a giant crater on the dark side of the Moon, and prospect it for resources that could be utilized by future moon-dwellers.

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PulsesThe government has said it will buy 40,000 tonnes of pulses from farmers to create a buffer stock for controlling prices, which have soared up to Rs 190 per kg in the retail markets.

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startups-indianIndian start-ups are on fire, as they are on target to get a whopping $5 billion (Rs.32,558 crore) funding by this year-end, IT industry representative body Nasscom said in a report on Tuesday. In a year dominated by eCommerce activity plus the hoopla over Alibaba going public in the US (stock is now below the IPO price, by the way) it appears as though Venture Capitalists have opened their purses wide.

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