Former chairman Lalit Modi was cleared in the principal proceedings arising from the 2009 Indian Premier League's staging in South Africa after the Appellate Tribunal under SAFEMA set aside the penalties imposed on him, rejecting the Enforcement Directorate's core case that the foreign remittances were capital account transactions.Announcing the verdict after more than 16 years of investigations, proceedings, and litigation, Modi said the tribunal found that the main remittances related to IPL 2009 were current account transactions. It also determined that he was not responsible for the BCCI's statutory FEMA compliance or given the financial authority as alleged by the Enforcement Directorate. Calling it the end of the largest legal dispute stemming from the 2009 South Africa edition of the IPL, Modi said, "This marks the end of what has been the single most significant legal matter arising from the 2009 South Africa IPL." He added, "For over sixteen year...
A massive experimental balloon gently flew from the Indira Gandhi Stadium in Vijayawada, Andhra Pradesh. It was part of India's private space sector's leap into the space domain, as a startup demonstrated how special high altitude balloons can transform communications, surveillance and scientific research.
Red Balloon Aerospace, a Hyderabad-based company founded in 2025, has successfully launched what it calls India's first indigenous private super-pressure balloon carrying commercial payloads. The mission, named SANA, marks a significant milestone not just for the company but for India's growing ambition in the emerging near-space economy.
The company's VISTA platform rose to about 25 kilometres above Earth, a region far above commercial aircraft but well below satellites. This Stratospheric Zone, between roughly 20 and 50 kilometres, has long remained underutilised globally despite offering unique advantages of persistent observation and lower costs.
India is no stranger to balloon-based science. Government institutions such as the Tata Institute of Fundamental Research and the Indian Institute of Astrophysics have been using high-altitude balloons for decades, especially for astrophysics experiments and atmospheric studies. Their work has built a strong scientific foundation. What makes this moment different is that a private startup is now translating that legacy into commercial applications, moving swiftly to build an industry around near-space platforms.
Red Balloon Aerospace has achieved operational commercial flight within just eight months of its founding. This rapid development shows how private enterprise is accelerating innovation and deployment speed in sectors that were once dominated by government programs.
Mission SANA
Mission SANA carried payloads from seven national and international partners. These included biological experiments, propulsion demonstrations, onboard computing systems, earth observation sensors and navigation validation technologies. According to the company, all payload missions were completed, demonstrating that Indian platforms can meet global commercial standards.
Dr C V S Kiran, Co-founder and Chief Executive Officer, said the mission is only the beginning of a broader effort to build a near-space ecosystem.
"VISTA validates our core near-space platform technology, and this is only the beginning. Our advantage is execution speed, enabling us to design, test and deploy indigenous stratospheric platforms at a pace that demonstrates India's capability to compete globally in emerging space sectors," he added.
He said this mission placed India among five nations globally with indigenous stratospheric hydrogen balloon capability, alongside the United States, France, Japan, and China
Hydrogen is much cheaper compared to Helium that is also used in high altitude balloons. However, hydrogen is risky to handle as it is highly flammable.
The technology behind VISTA sets it apart from conventional balloons. It uses a super-pressure design that allows it to maintain a stable altitude for extended periods, potentially lasting weeks or even months.
Unlike traditional balloons that quickly rise and descend, this stability creates a persistent observational and communication platform high above the Earth.
Such platforms can act as floating towers in the sky. From this vantage point, they can support telecommunications, especially in remote or underserved regions, monitor natural disasters in real time, and enable surveillance over large geographic areas. They can also play a role in emerging non-terrestrial network technologies, complementing satellite systems.
Red Balloon Aerospace says its technology addresses a critical gap in spatial infrastructure. While aircraft operate below 10 km and satellites orbit above 160 km, the stratosphere between 20 and 50 km has remained largely unused despite offering strategic advantages. Stratospheric platforms provide high-resolution imaging with longer dwell times than satellites, flexible deployment without orbital launch costs, and rapid response capability for disaster management and communications.
The economic model is equally important. By carrying multiple payloads from different customers on a single flight, the platform enables a shared or rideshare approach. This significantly reduces costs and makes near-space access more affordable for startups, research institutions and government agencies.
Red Balloon Aerospace is also developing a broader suite of platforms, including tethered aerostats and long-endurance airships. Together, these systems aim to create an integrated stratospheric infrastructure layer for communications, earth observation and strategic applications.
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