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Arianespace posts 50 m euro loss in 2002
PARIS: Private European rocket company Arianespace has posted a heavy operating loss of between 50 and 60 million euros (dollars) in the fiscal just ended. The company’s COO Jean-Yves Le Gall has been quoted in an AFP report warning of provisions following the failure of flight 157 in December 2002.
The company’s operating losses stand at around 50 to 60 million euros but the failure of flight 157 has forced it to raise the level of provisions, initially fixed at 50 million euros, to cover loss making launches in 2003.
Arianespace recorded sales of 1.3 billion euros last year, up from 807 million in 2001, with twelve launches.
In the report, Le Gall has been quoted as saying that Arianespace won 11 out of the total of 15 contracts up for grabs on the world satellite launch market and has 41 satellite launches on its order books. He disagreed with predictions that the company will see only two or three contracts in 2003. He noted that several satellite deployment failures in the last years have meant replacements are needed.
The company usually publishes final results in June.
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Kamlesh Singh receives Haldi Ghati Award from MMCF
India Today Group editor honoured for three decades of journalism at Udaipur ceremony.
MUMBAI- Kamlesh Singh just turned a lifetime of sharp words into a shiny shield because when journalism wakes up a society, even the Maharana of Mewar wants to pin a medal on it.
The Maharana of Mewar Charitable Foundation (MMCF) conferred its prestigious Haldi Ghati Award on Kamlesh Singh, a senior editor at the India Today Group, during a ceremony in Udaipur on 15 March 2026. The national award, instituted in 1981-82, recognises “work of permanent value that initiates an awakening in society through the medium of journalism.”
Singh, who leads several editorial initiatives including Aaj Tak Radio, the Teen Taal community and The Lallantop, was presented the honour by Lakshyaraj Singh Mewar, Managing Trustee of MMCF. The citation highlighted his three decades of contributions to Indian media, innovations in digital journalism, mentoring young reporters, and his popular podcast persona “Tau” on Teen Taal, which fosters thoughtful public discourse.
The Haldi Ghati Award, named after the historic Battle of Haldighati symbolising valour and resilience, is one of four national awards given annually by MMCF. Past recipients include Tavleen Singh, Piyush Pandey and Raj Chengappa.
Other honourees this year included Padma Vibhushan Pt Hari Prasad Chaurasia, Vedamurti Devvrat Rekhe, Treeman of India Marimuthu Yoganathan, Vir Chakra Capt Rizwan Malik, and US-based researcher Molly Emma Aitken, who received the Colonel James Tod Award for contributions to understanding Mewar’s spirit and values.
In an era where headlines often shout louder than substance, the MMCF quietly reminded everyone that real journalism isn’t about noise, it’s about the quiet, persistent work that stirs society awake, one thoughtful story at a time.
