
Drones To Deliver Supplies, Pick Trash And Help Sherpas On Mount Everest
With the climbing season set to get underway on Mount Everest, Nepali Sherpas may finally have the help they have always needed. As per Raj Bikram, CEO of Airlift Nepal, drones will help Sherpas transport equipment such as oxygen cylinders and medicines as well as pick up the trash between the Base Camp, located at a height of 5,364 metres above sea level and Camp One at 6,065 metres.
The test trials have already started with Airlift Nepal's first clean-up drive, involving a drone being used to bring down nearly 1100 pounds of trash from Camp One to Base Camp, according to a report in CNN. As many as 40 flights were required to move the garbage, as the drones can only carry about 66 pounds of weight, but the operators stuck with the 44-pound limit, just to be safe.
Airlift currently has two DJI drones, only one of which is being operated on Mount Everest this year. The second one is a backup, and if there's a need for more drone flights, they'll consider deploying both. Each drone costs $70,000, and that's before they even begin operating.
It was in April 2024 that Airlift started experimenting with the drones after China's DJI donated two drones. It took the team a month to learn the terrain owing to challenges such as visibility and wind speed.
As per Mr Pandey, the Sherpas give his team the direction they need to go. The drones are then flown out to map the area, after which the brave Sherpas climb the precarious routes that are the hardest to navigate.
"Once they find out 'here we need a ladder,' 'here we need a rope,' they will send us the coordinates via walkie-talkie and then we fly the equipment there," Mr Pandey explained.
Attempts to summit Everest typically occur in mid-May when the weather is mild and visibility is at its peak. Mr Pandey hopes that his drone experiment may help the Sherpas and make their job a little easier and safer.
"We hope that our drones will actually make this a safer profession and bring more people back to this climbing tradition. It's what our country is known for, and without the expertise of the Sherpas we would never be able to navigate this terrain," he added.

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Time of India
18 hours ago
- Time of India
US Stock market today: Wall Street edges higher as Trump comments jolt Fed outlook, chip stocks rebound sharply after recent slump
US Stock market today: Dow, S&P 500, Nasdaq react as Trump's Iran deadline and Fed rate cut hopes drive market uncertainty- US stock market today showed mixed signals as Wall Street reacted to two major developments — President Donald Trump's two-week deadline on military action against Iran and renewed expectations for a Federal Reserve interest rate cut by July. As traders returned after the Juneteenth holiday break, markets digested global tensions and economic policy shifts. The Dow Jones Industrial Average (^DJI) climbed 0.4%, while the S&P 500 (^GSPC) posted a modest 0.2% gain. In contrast, the Nasdaq Composite (^IXIC) dipped slightly below the flatline, reflecting cautious investor sentiment, especially in tech stocks. Stocks slipped on Friday as investors digested geopolitical tensions, mixed economic signals, and rising trade risks. The S&P 500 fell 0.3% while the Nasdaq Composite shed 0.7%. The Dow Jones Industrial Average hovered near the flatline, adding just 0.2%. Why are chip stocks under pressure again? Tech stocks, especially semiconductors, were hit hard after a Wall Street Journal report revealed the US is considering revoking key waivers that allow global chipmakers to use American tech in China. Nvidia (NVDA) slipped over 1%, while Lam Research (LRCX), Applied Materials (AMAT), TSMC (TSM), and Broadcom (AVGO) each dropped between 2% and 4%. The move signals a potential intensification in the US-China tech war, adding a fresh layer of uncertainty for the sector. Live Events Circle extends rally on crypto optimism Amid the market gloom, crypto firm Circle (CRCL) surged another 13% to trade near $227 following a 30% rally earlier in the week. The bullish momentum was fueled by the Senate's passage of the GENIUS Act, laying a regulatory framework for stablecoins. Seaport Research Partners rated Circle a 'Buy' with a $235 price target, calling it a top-tier disruptor poised to benefit from global stablecoin adoption. 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Key Market Movers (as of 11:15 AM ET): S&P 500 (GSPC): -0.3% Nasdaq Composite (IXIC): -0.7% Dow Jones (DJI): +0.2% Crude Oil (CL=F): +0.16% to $75.26 Circle (CRCL): +13.63% to $226.76 Accenture (ACN): -6.05% Kroger (KR): +8.70% CarMax (KMX): +6.12% Why is Trump's two-week Iran deadline rattling investors? President Trump has imposed a two-week window to decide whether the US will directly engage in the ongoing Israel-Iran conflict, as announced via the White House press secretary on Thursday. The market response to this geopolitical news was immediate, with investors growing uneasy over the potential for broader Middle East instability and its impact on oil prices, defense stocks, and global trade. Although this deadline adds a layer of geopolitical pressure, it also offers a brief diplomatic window. European foreign ministers from France, the UK, and Germany are holding critical talks with Iranian officials in Geneva, hoping to convince Iran to return to negotiations. However, Iran's president swiftly rejected any such efforts on Friday, dampening hopes for a quick resolution. Could July be the turning point for Fed rate cuts? Amid these global concerns, Federal Reserve Governor Chris Waller on Friday suggested that interest rate cuts as early as July are not off the table. Waller pointed to recent inflation data that appears relatively tame — even after Trump's introduction of new tariffs — as a reason to consider easing policy. Although the Federal Reserve chose to hold rates steady this week, Chair Jerome Powell emphasized a cautious approach, stating the central bank is 'not rushing' to cut. This led President Trump to criticize the Fed again, highlighting the friction between the White House and monetary policymakers. Waller's remarks nudged up the market's expectations for a rate cut in July, though according to CME Group data, most traders still believe a cut is more likely in September. What does the market reaction say about investor sentiment? The stock market's mixed movement reflects a blend of optimism about potential rate cuts and fear over geopolitical escalation. The Dow's rise suggests investors are leaning into more traditional, stable sectors, while the Nasdaq's weakness shows caution in higher-risk tech names. Market analysts say investors are balancing two key themes: one, the possibility of lower borrowing costs that could support growth and equity valuations; and two, the real-world risks of a US-Iran confrontation that could disrupt markets globally. How are Trump's tariffs influencing the Fed's outlook? Trump's recent move to reintroduce tariffs on several key goods has created new complications for the Fed. While tariffs often stoke inflation, current data hasn't shown a sharp uptick, giving the Fed more flexibility. That said, if trade tensions escalate or if tariffs weigh on consumer spending, the case for a rate cut could strengthen. Waller highlighted that inflation indicators are 'coming down slightly,' despite the added pressure from tariffs. This nuance could be a key part of the Fed's July policy discussions — particularly if Trump's foreign policy developments intensify economic uncertainty. What should investors watch for next? Looking ahead, markets will closely track: Any statements from the Trump administration regarding the Iran deadline Progress in the European diplomatic talks with Iran Key economic data releases including inflation and jobless claims Comments from other Fed officials, which may further guide rate expectations With the Middle East situation evolving and economic policy still in flux, volatility could remain elevated in the short term. As the US stock market today reacts to President Trump's Middle East stance and hints of a July Federal Reserve interest rate cut, investors are navigating a delicate balance of political risk and economic hopes. With fresh diplomatic efforts underway and the Fed keeping all options open, the next two weeks could be pivotal in shaping market direction. FAQs: Q1. What did President Trump announce about the US-Iran conflict? A1. He set a two-week deadline to decide on possible US military action. Q2. Will the Federal Reserve cut interest rates in July? A2. Fed officials hinted it's possible if inflation stays low.


Mint
4 days ago
- Mint
Why foreign investors are dialling into telecom stocks
The telecom pack is back in the spotlight, drawing strong interest from foreign investors, with signs that domestic mutual funds may be catching on as well. NSDL data show that out of the $2.32 billion poured in by foreign portfolio investors in May, about $1.88 billion went into telecom stocks, making for the biggest-ever monthly FPI inflow into India's telecom sector. It's also a steep jump from $523 million in April, signalling rising FPI confidence in the telecom space. One of the main reasons for this influx of capital in the telecom sector could be Singtel selling its 1.2% stake in Bharti Airtel in a block deal in mid-May, on a private placement basis, to international and Indian institutional investors. Also Read: FPIs return to India, but will they stay? A crucial event hangs heavy Structural reset Market participants believe the sector is undergoing a major structural shift, which is putting telecom stocks back on the investor radar. Average revenue per user (Arpu) has improved significantly post-Covid, said Krishna Appala, senior research analyst at Capitalmind Research. Arpu had dropped below ₹120 by 2018 amid intense price wars. Now, Bharti Airtel's Arpu is at ₹245 and Reliance Jio's at ₹203, with long-term targets closer to ₹300. The market has consolidated, and while Vodafone Idea retains about 18% share, its share continues to face steady pressure from the other two stronger players, he said. The sector is experiencing a growing subscriber base and a rise in data usage, with 5G monetization opening up an incremental revenue stream for players, experts said. There is a broad consensus among market participants that the wireless industry is on a growth path, driven by a consolidation in the telecom space and a steady stream of tariff hikes over the past few years. 'Since the average price of mobile data in India remains one of the lowest in the world, we see further scope of tariff increase going ahead and that gives confidence about the outlook of the telecom sector," said Piyush Pandey, research analyst at Centrum Broking. Besides the wireless segment, Pandey added that the fixed broadband and B2B segments are also witnessing strong momentum in revenue growth. For now, Pandey finds Bharti Airtel and Indus Towers attractive in terms of business outlook. Centrum has a 'buy' rating on Bharti Airtel and Indus Towers and a 'reduce' recommendation on Tata Communications and Vodafone Idea. However, capital expenditure intensity in the telecom sector is falling sharply, said Krishna Appala, senior research analyst at Capitalmind Research. He pointed out that telecom operators had spent heavily on 5G rollout over the last two years – nearly ₹80,000 crore cumulatively in FY24. 'But in FY25, we expect capex to decline 15-20%. The capex-to-revenue ratio, which peaked at 30-45%, is now coming down to around 18-25%. It suggests companies are finally set to see returns on their heavy capex investments," Appala said. While Airtel has industry-leading Arpu with strong focus on execution, Indus Towers is a potential beneficiary of increase in capex by Vodafone Idea Ltd. Meanwhile, Tata Communication is focussed on B2B telecom segment, he pointed out. Also Read: When homegrown capital outgrows foreign funds: Can India fund its own growth? Mutual funds warm up Recent trends also suggest that the telecom services and equipment space could see buying interest from domestic mutual funds once they begin deploying capital, experts said. In May, mutual funds bought ₹5,768.7 crore worth of telecom stocks, with Bharti Airtel, Indus Towers, Vodafone Idea, Tata Communications, and Railtel Corp. being the top picks, JM Financial data showed. In April, mutual funds sold telecom services stocks worth ₹2,852.2 crore. The report pointed out that telecom makes up 4% of the BSE 200 index, but mutual funds are still trailing that mark, holding 1.1% less than the benchmark. JM Financial has a 'buy' rating on Bharti Airtel's stock and a 'hold' recommendation on Vodafone Idea. Also read: Trai, telecom companies spar over data demand Signs of rotation Even as the benchmark Nifty 50 declined 1.2% over the past month, several telecom-linked stocks have outperformed. Bharti Hexacom gained 7%, Railtel rose 11%, GTL Infrastructure surged 26%, Sterlite Technologies jumped 10%, Avantel soared 32%, and Vindhya Telelinks was up 8%. Pure telecom plays, however, were muted: Bharti Airtel edged up 2.4%, Reliance Industries dipped 1.3%, and Vodafone Idea slipped 10%. Yet, for long-term investors, the story could be just beginning. 'Given the sector's critical role in shaping India's digital future, telecom stocks remain essential for a growth-oriented portfolio," said Vipul Bhowar, senior director, head of equities, at Waterfield Advisors. India's National Telecom Policy 2025 aims to double telecom product exports and attract ₹1.5 trillion ($18 billion) annually in telecom infrastructure investments by 2030. Additionally, the Telecom Act 2023—slated for full rollout by mid-2025—aims to simplify licensing, reduce compliance burdens, and foster participation from startups and SMEs, he explained. Bhowar also noted the government's plan to integrate terrestrial and satellite networks, which would open the door for foreign players like Jio-SES, Airtel's Eutelsat OneWeb, and Starlink, would reshape the telecom landscape. Not without challenges However, there are hurdles. Only a handful of companies in the telecom space can absorb large amounts of capital, according to Vivekanand Subbaraman, lead analyst at Ambit Capital. He pointed out that in 2020, most of the telecom fundraises came from the Reliance group. Since then, Reliance has not done much, while the Bharti group has actively raised capital, not just to fund business growth, but also through secondary transactions where early investors recycle their capital. 'Ultimately, the real investment opportunities are still concentrated in a few large players where capital keeps getting recycled," he remarked. Subbaraman sees potential beyond the core telecom players in the ancillary space, including tower companies and telecom equipment makers. However, he cautioned that most of these stocks are thinly traded, and would be less suitable for institutional investors looking to deploy substantial, non-speculative capital with predictable returns. 'That kind of money simply won't flow into some of these names," he said. Some market participants also warn that some of these lesser-known telecom-linked stocks may be only short-term plays, trading at valuations that appear stretched. For instance, Optiemus Infracom, with a market capitalization of over ₹5,000 crore, is currently trading at a whopping 199.5 times price to earnings ratio compared to its five-year average PE ratio of 74.97.


Indian Express
5 days ago
- Indian Express
Tourists flouted norms even as police officials were stationed at Indrayani bridge's entry point: Advocate's chilling account of the day before bridge tragedy
For Mrinal Pandey, what started as a weekend getaway to Kundamala, has turned into a haunting reminder of how fragile life can be. Just 24 hours before an iron bridge collapsed at the popular tourist spot in Maval taluka, killing at least four people, including a child, Pandey and her friend had been standing near the very same structure, admiring the monsoon-swollen Indrayani river below. 'Being a weekend, my friend and I visited the same place where the bridge collapsed. It was shocking to receive the news of bridge collapse the very next day,' recalls Pandey, a Nigdi-based advocate. 'We just find ourselves fortunate as we could have been in the same situation.' The tragic incident unfolded at 3:30pm on Sunday when the allegedly unsafe iron bridge gave way under the weight of scores of weekend tourists. The structure, already weakened by age and neglect, couldn't withstand the crowd that had gathered to enjoy the scenic beauty of the rain-fed river during the monsoon season. For Pandey, who has been visiting Kundamala for the past couple of years, the collapse wasn't entirely unexpected. 'We have been visiting this place for the last couple of years, and have witnessed people violating the said orders. The locals used to ply their vehicles over the 'unfit' bridge even when the restriction notice was placed right at the bridge's entry,' she explains. The irony wasn't lost on her as even on Saturday, when police officials were present near the bridge's entry point, tourists continued to flout restrictions. 'What's the use of such officials if tourists enter the restricted area?' she said. The transformation of Kundamala from a serene spiritual destination to a crowded tourist hotspot reflects a broader trend across Maharashtra's scenic locations. Sanjay Mali, a resident of nearby Shelarmala village, has witnessed this change firsthand. 'The bridge near Kund Devi temple was originally a spiritual place that was not known to many. However, Instagram reels and other social media platforms made this place popular, and post-pandemic, the crowd coming here has increased significantly, particularly during the monsoon season,' Mali said. While social media exposure has boosted local tourism and economy, it has also led to overcrowding of infrastructure never designed to handle such volumes. 'The bridge, falling under the irrigation department's jurisdiction, had been crying out for attention for years. No one has taken the repair and maintenance work seriously, and this negligence caused the loss of four innocent lives,' added Mali. Reflecting on the tragedy, Pandey believes that responsibility lies with multiple stakeholders. 'Every stakeholder has equal responsibility in such incidents. Accountability as to who was responsible for crowd handling must be fixed first. Secondly, tourists should behave responsibly by obeying the notified rules and regulations. And most importantly, the administration must survey the ageing structures and take prompt action to either prohibit entry into them or else repair them.' 'We were just lucky,' said Pandey but her luck came at the cost of others' misfortune. 'Returning to normal life after such a close call isn't easy. Every weekend trip now carries the weight of 'what if.' Every scenic bridge triggers memories of that afternoon when fortune smiled on us and frowned on others,' she added.