Business
NASA, ESA congratulate India on Chandrayaan-3 spacecraft

The US space agency NASA and European Space agency (ESA) on Friday lauded India’s Chandrayaan-3 spacecraft that was successfully launched on a historic mission to the far side of the moon.
The LVM-3, the country’s heavy rocket, nicknamed ‘Bahubali’ carried the 3.8-tonne Chandrayaan-3 spacecraft and put the moon spacecraft into orbit on Friday afternoon.
The mission is a follow up of the failed Chandrayaan-2 mission in 2019 when the lander named Vikram crashed on to the moon surface.
“Congratulations to ISRO on the Chandrayaan-3 launch, wishing you safe travels to the Moon. We look forward to the scientific results to come from the mission, including NASA’s laser retroreflector array. India is demonstrating leadership on #ArtemisAccords!” Bill Nelson, NASA administrator on Twitter.
“Congratulations ISRO on the launch of the #Chandrayaan3 #Moon mission! Our ESA ground station in Kourou will begin tracking the spacecraft as it rises above the horizon in French Guiana tomorrow morning (CEST). Speak to you soon!” ESA added.
At 2.35 p.m. the LVM3 rocket rose into the sky from the second launch pad here at Satish Dhawan Space Centre. The 43.5 metre tall rocket, weighing about 642 tonnes, rushed upwards and 16-minutes into its flight, the rocket put Chandrayaan-3 into orbit.
The Chandrayaan-3 spacecraft comprises a propulsion module (weighing 2,148 kg), a lander (1,723.89 kg) and a rover (26 kg), the ISRO said.
Industry experts called the successful launch has fortified India’s position “as a global space power”.
“The launch of Chandrayaan 3 represents yet another significant turning point in India’s space research endeavours. Chandrayaan 3 has the potential to provide new light on the Moon, spark our interest, and open the door for additional explorations. This amazing project highlights India’s expertise in space exploration and solidifies its status as a major participant on the international stage,” Arjun Naik, Founder, and CEO of Scandron, a Drone start-up.
“With Chandrayaan 3, we embark on a new chapter of lunar exploration, fueling our aspirations to unravel the Moon’s secrets. This remarkable achievement reinforces India’s position as a global space power and ignites a sense of unity and hope among every Indian, reminding us that our dreams have no bounds,” added Sanjay Kaushik, Managing Partner, Netrika Consulting, an integrity management firm.
Meanwhile, the lander is expected to reach the moon’s vicinity on August 17, and will descend to the moon from a height of about 100 km from the moon’s surface.
The soft landing is a tricky issue as it involves a series of complex manoeuvres consisting of rough and fine braking.
Previously, in April, Japanese lunar exploration company ispace’s Moon lander failed to make its historic touchdown on the lunar surface due to a software glitch.
In 2019, two attempted lunar landings, by India’s Vikram lander and Israeli nonprofit SpaceIL’s Beresheet both crashed.
In those landing attempts, the trajectory and speed data went awry before the signals were lost.
The success of Chandrayaan-3 mission will make India the fourth country in the world to land and ride on the Moon surface after the US, Russia, and China.
Maharashtra
Thane Sessions Court Convicts Hawker For Brutal Attack On Civic Officer During 2021 Encroachment Drive

Thane: The Thane Sessions Court has convicted a hawker for attempting to murder a senior civic officer and against her security personnel during an anti-encroachment drive conducted by the Thane Municipal Corporation (TMC) in 2021.
The accused, Amarjitsingh Shivshankar Yadav, alias Amarjit Yadav, was found guilty under several sections of the Indian Penal Code — including Section 307 (attempt to murder), Section 353 (assault on a public servant), Section 332 (voluntarily causing hurt to deter public servant), Section 333 (causing grievous hurt to deter public servant), and provisions under the Maharashtra Police Act.
About The Incident
The incident took place on August 30, 2021, at the Kasarvadavali junction during a routine anti-hawker and encroachment drive. Kalpita Pimple, Assistant Municipal Commissioner of the TMC’s Majiwada-Manpada ward, was overseeing the operation when Yadav, a hawker at the site, suddenly launched a violent assault on her.
In the unprovoked attack, Pimple suffered severe injuries — including the loss of three fingers and a head injury. A security guard accompanying her also suffered injuries while trying to shield her from the assault.
After a detailed trial, the court held Yadav guilty on all counts, reaffirming the severity of the offence and the need to protect public servants carrying out their lawful duties.
The public prosecutor Shishir Hirey said, “There were two victims in the case, in which Pimple lost three fingers while her security personnel suffered injuries in while trying to prevent the attack.”
Maharashtra
Kharghar Residents Stage Peaceful Protest Demanding Liquor Ban In Locality

Navi Mumbai: In a show of unity and resolve, residents of Kharghar gathered today at Shah Arcade, Sector 6, to participate in a sit-in protest demanding a complete ban on liquor outlets in the area.
Organised under the banner of the Liquor-Free Kharghar movement, the protest began at 11:00 AM and witnessed the participation of local citizens, social activists, and community leaders who voiced their concern over the increasing number of liquor shops and their adverse impact on the peace and safety of the neighborhood.
Protesters emphasised that making Kharghar a liquor-free zone is essential to safeguarding the area’s future and ensuring a safe, healthy environment for families and youth.
“Every responsible citizen must stand united to protect Kharghar from the ill effects of alcohol. This movement is not just for today but for the generations to come,” said one of the organizers during the protest.
The peaceful demonstration reflected the community’s collective demand for the authorities to take immediate action and revoke licenses of existing liquor shops to maintain the area’s sanctity and security.
Organisers have urged residents to remain vigilant and continue supporting similar initiatives until their demands are met.
Business
India’s house price index up 3.1 pc in Q4 FY25, Kolkata leads: RBI

New Delhi, June 21: The house price index (HPI) across India increased by 3.1 per cent in the January-March period (Q4 FY25), maintaining the same pace as the previous quarter (Q3).
The Reserve Bank released its quarterly HPI data for Q4, based on transaction-level data received from the registration authorities in 10 major cities.
“All-India HPI increased by 3.1 per cent (YoY) in Q4 2024-25 as compared with 3.1 per cent growth in the previous quarter and 4.1 per cent growth a year ago; annual HPI growth varied widely across the cities – ranging from a high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi),” according to a RBI statement.
On a sequential basis, all-India HPI increased by 0.9 per cent in Q4.
Bengaluru, Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest quarter, the data showed.
Kolkata topped the chart with an 8.8 per cent increase, while Kochi was the only city to witness a contraction, recording a decline of 2.3 per cent. The 10 cities covered in the index include Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
“House is not just an asset but also a durable consumption good for households, providing shelter and other services. A change in the house price affects the households’ perceived lifetime wealth and hence influences the spending and borrowing decisions of households,” according to Central Bank.
An increase in the house price raises the value of the housing relative to construction costs; hence a new construction is profitable when house price rises above the construction costs.
Residential investment is, therefore, positively related with house price increase. House prices also affect bank lending and vice versa. Further, house price gains increase housing collateral.
The potential two-way link between bank lending and house prices give rise to mutually reinforcing cycles in credit and real estate markets. These indicate that house prices may affect economic activity through private consumption of households, residential investment and credit allocation of the financial systems. Thus, understanding the price trends of this segment of asset class is important for monetary policy formulation.
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