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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)
SIFY 11.40+5.7%11:56 AM EST

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To: Mohan Marette who wrote (1311)3/22/2000 9:57:00 AM
From: Mohan Marette  Read Replies (1) of 1471
 
Indian Communication Satellite Launched

Wednesday, March 22 6:36 PM SGT

NEW DELHI (AP)--India's most advanced communications satellite soared into space Wednesday from a launching site in South America, a landmark in the nation's space program, officials said.

The Insat-3B satellite was hurled into orbit by the Ariane-505 rocket, belonging to the European aerospace consortium Arianespace, from Kourou in the South American country of French Guyana, the Indian Space Research Organization said in a statement.

"It was a beautiful takeoff...a majestic flight," Krishnaswamy Kasturirangan, chairman of ISRO, was quoted as saying by Press Trust of India.

"Insat-3B represents a major step of ISRO to bring the benefit of space technology to grass-root level development," he said.

Insat-3B is the first satellite in the advanced Insat-3 series launched by the ISRO (http://www.isro.org/) . Another satellite, Asia Star of Worldspace, USA, was also launched from Ariane-505 minutes before the Indian satellite blasted into space.

ISRO said the satellite will help mobile telephony, banking and financial institutions, stock markets, and consumer goods and engineering companies.

Insat-3B is being monitored at Intelsat ground stations in Perth, Australia, Fucino, Italy and Lake Cowichan, Canada, the statement said.
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