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ISRO’s Antrix directed to pay $670+ million as damages to Devas
NEW DELHI: Indian Space Research Organisation’s (ISRO) commercial arm Antrix has been ordered to pay compensation and damages totalling $672 million to Devas Multimedia.
The directive was given by the International Chamber of Commerce’s International Court of Arbitration, which was wholly in favour of Devas.
The Bangalore-based Devas argued that ISRO/Antrix were liable for “unlawfully terminating [an] agreement in February 2011.”
The Court’s decision was unanimous and stated that ISRO/Antrix “had no legal justification for terminating the agreement.”
The 11-year old Devas deals with innovation and services in satellite communications.
The agreement provided for Devas securing 70 MHz of S-band capacity from ISRO by means of leasing 90 per cent of the capacity aboard GSat-6 and GSat-6A satellites. Devas was to pay $300 million to ISRO over the following 12 years.
The $672 million award to Devas will grow at a rate of 18 per cent per annum until paid, the International Court said.
In a statement, Devas said, “Devas Multimedia and its shareholders, including highly regarded international investors, are pleased that the ICC Tribunal unanimously ruled in its favour and found that Antrix is liable for unlawfully terminating the Devas-Antrix agreement in February 2011. The ICC Tribunal also awarded damages and pre-award interest totalling $672 million to Devas with post-award interest accruing at 18 per cent per annum on that sum until the award is fully paid.”
“Devas is hopeful that Antrix will now live up to its legal obligations and pay the award so that this dispute that arose during the prior government can be brought to a swift close,” the company added.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
