ISRO must pay $1.2 billion to Bengaluru startup, rules US court
A US court has ordered ISRO's commercial arm Antrix Corporation to pay $1.2 billion compensation to Bengaluru-based startup Devas Multimedia for cancelling a 2005 satellite deal. As per the agreement, Antrix agreed to build and operate two satellites and make available the space band spectrum, using which Devas would provide communication services in India. The deal was cancelled in 2011.