NASA's Flying Observatory: Not a Kid's Telescope

July 15 (Bloomberg) –- NASA'S flying observatory lets scientists reach the edge of the atmosphere to look at the stars. The heavily-modified Boeing 747 carries an ultra-powerful telescope that captures images neither satellites in space nor telescopes on the ground can achieve. The program was almost axed due to cuts in NASA's budget, but was salvaged by a $70 million House allocation. Bloomberg looks at NASA's SOFIA. (Corrects date of next flight.) (Source: Bloomberg)

Hinduja Looks to Buy Distressed Assets in India
19:27 - The Hinduja group of companies is one of Asia's largest multinational conglomerates with interests in the automobile sector, power, finance, healthcare, and much more. It's co-chaired by London-based siblings who are among Britain's wealthiest Asians. The company is betting on what they believe is a newly resurgent India and are looking to buy up distressed assets, specifically in the infrastructure and power sectors. Hinduja group chairman, Gopichand Hinduja told Bloomberg's Reenita Malhotra Hora the Indian banks have not necessarily made the process easy. (Source: Bloomberg)
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