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NASA's Juno mission successfully enters Jupiter's orbit
Cheers erupted at NASA's California-based Jet Propulsion Laboratory on Tuesday as its solar-powered Juno spacecraft entered the orbit around Jupiter -- ending its nearly five-year journey to study the gas giant like never before.
 
According to Scott Bolton, principal investigator of Juno from the Southwest Research Institute in San Antonio, the spacecraft is now in orbit around Jupiter.
 
“You’re the best team ever! We just did the hardest thing NASA has ever done,” shouted Bolton as scientists hugged each other after the successful completion of a seemingly tough mission.
 
“Success! Engine burn complete. #Juno is now orbiting #Jupiter, poised to unlock the planet's secrets,” NASA tweeted.
 
At 8.48 am on Tuesday (India time), Juno fired its main engine to begin a 35-minute burn to get into orbit around Jupiter. The burn time was within one second of the predicted time, placing it in the orbit it needed.
 
Juno’s main engine has now been switched off and will be turned on in couple of days.
Once in Jupiter's orbit, the 1,600 kg spacecraft will circle the Jovian world 37 times during 20 months, skimming to within 5,000 km above the cloud tops.
 
This is the first time a spacecraft will orbit the poles of Jupiter, providing new answers to ongoing mysteries about the planet's core, composition and magnetic fields.
 
"As Juno barrels down on Jupiter, the scientists are busy looking at the amazing approach science the spacecraft has already returned to Earth. Jupiter is spectacular from afar and will be absolutely breathtaking from close up," Bolton earlier said in a NASA statement.
 
During the flybys, Juno will probe beneath the obscuring cloud cover of Jupiter and study its auroras to learn more about the planet's origins, structure, atmosphere and magnetosphere.
 
Juno's name comes from Greek and Roman mythology. The mythical god Jupiter drew a veil of clouds around himself to hide his mischief, and his wife -- the goddess Juno -- was able to peer through the clouds and reveal Jupiter's true nature.
 
The four largest moons of Jupiter are named the Galilean moons because they were discovered by Galileo Galilei in 1609.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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PE investments in India dip 46% in 2016's first half
Private equity investments in India, excluding the real estate sector, added up to $5.8 billion in the first six months (H1) of the calendar year 2016, nearly 46% less than $10.6 billion recorded during the same period last year, an online research platform said on Monday.
 
"On the quarter basis, deal value is down 62% from $6.1 billion to $ 2.2 billion between April-June quarter of the last year and the same quarter in 2016; the lowest investment received in the second quarter since 2013," the online financial research platform VCCEdge said in its Deal Report H1 CY 2016.
 
Deal volume was recorded at 643 deals, down 13% compared to 737 deals in the corresponding period last year.
 
Private equity exits down to a five-year low on a sequential basis. Private equity investors unlocked $1.4 billion worth of investments across 97 exits in H1, a statement said.
 
Venture and late stage capital also declined significantly, down 64% and 55% in the first six months of 2016 as compared to same period last year.
 
According to report, angel and seed investments grew 16% to 368 deals in H1 CY16 from 317 deals a year ago, while deal value slipped 25% to $100 million from $134 million, reflecting a drop in average ticket-size.
 
The report said the first-half of 2016 saw 479 M&A (Merger & Acquisition) deals worth $14.5 billion being struck. Compared to same period last year, deal value is up 76% while deal volume remains unchanged.
 
Domestic M&A deals saw an uptick in deal value and volume, growing 86% and 10%, respectively, the report said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  

 

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SC to examine issue of lawmakers' stakes in firms doing business with government
The Supreme Court on Monday said that it will examine whether a lawmaker could have stakes in an entity that has business transactions with the government.
 
Telling the petitioner, retired bureaucrat S.N.Shukla, that the issue needs to examined, the bench of Justice J. Chelameswar and Justice Abhay Mahohar Sapre said: "You know how many people have contracts in the government. This is something which we should be worried about."
 
Shukla is general secretary of Lucknow-based NGO Lok Prahari.
 
In an apparent reference to beleaguered liquor baron Vijay Mallya, the bench said: "People borrow crores of rupees, become MPs and then fly away when things go wrong."
 
The court said this in the course of the hearing of a PIL that is seeking introduction of a column in the nomination papers filed by the candidates seeking details of the sources of income on the basis of which they have come to possess their assets.
 
Shukla told the court that candidates while filing their nomination papers were disclosing their assets, assets of their spouse, children and other dependents but not the sources of income by which they have come to possess them.
 
To buttress his point that some of the law makers were thriving on easy money, Shukla said of the 542 Lok Sabha members, 113 have described their profession as housewife, social workers, social service and politics.
 
These can't be and should not be sources of getting money but in the case of 12 of then their assets haver increased more than fivefold, Shukla told the court. He said that for such category of law makers, membership of legislatures is in not for public service but self-service.
 
Telling the petitioner that merely adding another column would not serve the purpose without examining the core of the issue, the bench asked Shukla to dwell on the issue and give suggestions on the next date of hearing on July 18.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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