The Rise of the Drones
Draconian rules had kept drones grounded in India. But new, liberalised regulations have untethered the industry and opened up a new market — enterprises.
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Draconian rules had kept drones grounded in India. But new, liberalised regulations have untethered the industry and opened up a new market — enterprises.
The last date for the financial bids was Wednesday, with offers received from Tata Sons subsidiary Talace Pvt Ltd and a consortium led by SpiceJet chairman Ajay Singh
The Drone Rules, 2021, as they will be known, replace the Unmanned Aircraft System Rules, 2021, which only came into effect in March. Weve distilled the 15-page document into a five-minute read.
PharmEasy is on track for an IPO but is still negotiating with new investors to raise between $200 million and $300 million at a valuation of around $5.6 billion. Talks with SoftBank have reportedly fallen through.
The Drone Rules, 2021, were issued on Wednesday and they supersede the Unmanned Aircraft System (UAS) Rules, 2021, which had come into force on March 12