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By:

Kaustubh Kale

10 September 2024 at 11:37:15 pm

Duss (10) Suron Ki Sunoge, Toh Sahi Kaise Chunoge?”

Dussehra may have passed a few days ago, but its lessons remain relevant throughout the year. The festival celebrates Lord Ram’s triumph over Ravana, who is famously depicted with ten heads. In the world of personal finance, these “ten heads” can symbolize the overwhelming number of opinions and advice people receive when managing their money. If you listen to every voice and follow every trend, you will struggle to identify the right path for yourself. Learn Personal Finance: Knowledge is...

Duss (10) Suron Ki Sunoge, Toh Sahi Kaise Chunoge?”

Dussehra may have passed a few days ago, but its lessons remain relevant throughout the year. The festival celebrates Lord Ram’s triumph over Ravana, who is famously depicted with ten heads. In the world of personal finance, these “ten heads” can symbolize the overwhelming number of opinions and advice people receive when managing their money. If you listen to every voice and follow every trend, you will struggle to identify the right path for yourself. Learn Personal Finance: Knowledge is Power In today’s fast-paced world, financial advice is everywhere - friends, family, colleagues, social media influencers, and unsolicited internet tips. Not all of it will be relevant to your unique financial situation. To navigate through the noise, it is important to take control of your financial education. Start by understanding key financial concepts like risk, return, liquidity, and time horizon for different investment products. Risk refers to the potential loss you might face with an investment. Return is the profit you can expect to earn. Liquidity indicates how easily an asset can be converted into cash. Time horizon is how long you plan to invest before needing to access the funds. Learning these basics will help you evaluate which products actually suit your goals and needs. By educating yourself, you will develop a critical eye that helps you distinguish between helpful advice and distracting noise. Whenever you analyse any instrument, all four criteria (risk, return, liquidity, time horizon) must be considered together and aligned with your financial goals - such as children’s education, marriage, buying a home, vacations, cars, or retirement. Having a foundational understanding of these concepts ensures that you do not fall prey to quick-fix schemes or misleading suggestions that often sound attractive in the short run but prove damaging over the long term. Have a Financial Advisor: Like a Family Doctor for Your Finances As you educate yourself, you will eventually realise that managing your finances can be challenging. This is where having a reliable financial advisor, much like a trusted family doctor, plays a crucial role. Wealth creation is a marathon, not a sprint. While basic financial knowledge helps you understand the dos and don'ts, a financial advisor handholds you throughout the journey, guiding you towards your financial destination. A financial advisor tailors their guidance based on your unique profile - your income, savings, risk tolerance, and future financial goals. A good advisor helps you stay focused on long-term objectives while steering you away from emotional or impulsive decisions. Hence, it is important to have a well-qualified, full-time financial advisor. The Dussehra Reminder The message remains: do not listen to ten heads. Choose wisely, stay informed, and have a trusted financial guide by your side. After all, it takes years of education, experience, expertise, and wisdom to write a prescription - so do not self-medicate when it comes to your wealth! (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Orbital Muscle

Dec 25, 2025
2 min read

For decades, India’s space programme has been defined by method rather than muscle. However, ISRO’s LVM3, aptly dubbed ‘Baahubali,’ signalled a shift when it sent the 6.1-tonne BlueBird Block-2 satellite into low Earth orbit. This was the heaviest spacecraft ever launched from Indian soil, signalling the country’s industrial maturity, commercial confidence and geopolitical intent.


Lift-off from Sriharikota was delayed by 90 seconds to avoid orbital debris, almost a reminder that space is no longer the pristine frontier of Cold War myth but a crowded commons. Fifteen minutes later, the American communications satellite was placed in a near-perfect circular orbit at just under 520 km. The margin of error, which was less than 1.5 km, was the best performance by an Indian launcher yet.


This was LVM3’s ninth consecutive success. Such a streak burnishes confidence in Gaganyaan, India’s long-delayed human spaceflight programme, now inching closer to reality. But the broader significance is that the mission, flown under a commercial contract between ISRO’s marketing arm, NewSpace India Ltd (NSIL) and AST SpaceMobile of Texas, underscores India’s arrival as a serious player in the fast-growing market for heavy-lift launches to low Earth orbit.


That market is booming. Constellations of satellites designed to beam broadband directly to ordinary smartphones are proliferating. BlueBird Block-2 is part of AST SpaceMobile’s ambitious plan to deploy up to 60 satellites by 2026, offering direct-to-mobile 4G and 5G coverage worldwide. Such networks demand not just rockets that can lift heavy payloads, but launch providers that can deliver reliably and on tight schedules.


India is beginning to shine here. The LVM3-M6 mission was the first back-to-back flight of the rocket, with a turnaround time of just 52 days. Engineers squeezed out extra performance by replacing electro-hydraulic actuators with electro-mechanical ones on the massive S200 boosters, boosting payload capacity by over 150 kg.


NSIL says it has enquiries for six to ten LVM3 missions annually from 2026 onwards, with some customers seeking multiple launches a year. That would mark a sharp shift for a programme once focused almost exclusively on national missions. Over 45 years, ISRO has deployed 434 satellites for 34 countries. Now it is edging from dependable subcontractor towards strategic partner.


The political signalling is not accidental. Prime Minister Narendra Modi was quick to hail the launch as a milestone, reinforcing India’s heavy-lift credentials and its role in the global launch market. Space has become an arena where technological prowess, economic ambition and national prestige intersect. For a country keen to project itself as a manufacturing hub and digital powerhouse, reliable access to orbit is a potent asset.


Still, challenges loom and global competition is fierce. SpaceX’s reusable Falcon rockets dominate the launch business, while China is rapidly expanding its own capabilities. India’s advantage lies in cost efficiency, engineering conservatism and a growing private ecosystem.


By lofting BlueBird into the heavens, Baahubali has announced that India is ready to play at scale in the orbital economy.

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