Scientists have detected more than 40 ice-filled craters in the moon's North Pole using data from a NASA radar that flew aboard India's Chandrayaan-I
Scientists have detected more than 40 ice-filled craters in the moon's North Pole using data from a NASA radar that flew aboard India's Chandrayaan-I, reports PTI.
NASA's Mini-SAR instrument—a lightweight, synthetic aperture radar, found more than 40 small craters with ice. The craters range in size from 2km to 15km in diameter.
The finding would give future missions a new target to further explore and exploit, a NASA statement said, adding that it is estimated that there could be at least 600 million metric tonnes of water ice in the craters.
"The emerging picture from the multiple measurements and resulting data of the instruments on lunar missions indicates that water creation, migration, deposition and retention are occurring on the moon," Paul Spudis, principal investigator of the Mini-SAR experiment at the Lunar and Planetary Institute, said yesterday.
Sovereign wealth funds from China and Singapore have been lined up to help fund Prudential's $35.50-billion purchase of AIA
Sovereign wealth funds from China and Singapore have shown interest in financing British insurer Prudential's $35.50-billion purchase of US insurance firm American International Group (AIG)'s Asian arm AIA, reports PTI.
"Sovereign wealth funds from China and Singapore have been lined up to help fund Prudential's $35.50-billion purchase of AIA," the Financial Times reported.
Attributing the developments to people close to the situation, the report said that Prudential and its advisers were in talks with sovereign funds from China and Singapore over the provision of billions of dollars to support a planned $20-billion share offer for AIA.
Prudential is considering a rights issue of $20 billion, giving existing shareholders the right to buy. However, if Prudential’s shareholders refuse to take up the offer, the sovereign wealth funds would invest in the shares offered, it added.
Further, the report noted that the initial response from Chinese and Singaporean sovereign wealth funds had been positive, although they had not made a final decision.
Earlier on Monday, Prudential said that it would pay $35.5 billion for the AIA buyout. Under the acquisition, the UK company would pay AIG $25 billion in cash, $5.5 billion in stock, $3 billion in mandatory convertible notes and $2 billion in preferred stock.
Hindustan Dorr-Oliver has bought UK-based DavyMarkham for £9.50 million to gain an entry into the heavy engineering space
Engineering solutions company Hindustan Dorr-Oliver Ltd (HDO) on Tuesday said that it has acquired UK-based heavy engineering company DavyMarkham for £9.50 million (about Rs65 crore), reports PTI.
The acquisition provides HDO, part of Hyderabad-based IVRCL Infrastructure and Projects Ltd, an entry into the heavy engineering space, it said in a filing to the National Stock Exchange.
DavyMarkham is a 180-year-old manufacturing company based in Sheffield, UK. It is engaged in designing, manufacturing and assembling large equipment used in the mining, quarrying, power generation, oil, gas and nuclear sectors.
DavyMarkham's managing director Kevin Parkin and financial director Duncan Hay will continue their current roles along with the management team, the Indian company said.
"DavyMarkham was on the verge of closure four years ago, but with the financial support of our buyout partner, Endless, we have been able to turn around the business and make it an attractive acquisition prospect," Mr Parkin said.
"HDO paid £9.50 million towards 100% (buyout), which include £8.50 million towards equity value and £1 million towards the shareholder loan," the Indian entity said.
DavyMarkham has around £13 million order book in mining and power, mainly from North America and European customers. HDO is looking at marketing the products in the Indian market, it further said.