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OSL:KOG 21 September 2025

Norway’s Space Industry Is Skyrocketing – Inside the High North’s Satellite Boom

Norway’s Space Industry Is Skyrocketing – Inside the High North’s Satellite Boom

Norway opened Andøya Spaceport in 2023, making it the first satellite launch base on European soil. The country’s space sector generates about NOK 11.7 billion in annual revenue, exporting 81% of its output and employing around 2,700 people. In 2024, Norway launched Arctic broadband satellites with U.S. partners to boost connectivity above 65°N.

Stock Market Today

  • Nifty 50 Index Forms Death Cross Amid Bajaj, Tata Motors, HDFC Share Declines
    March 20, 2026, 2:48 AM EDT. The Nifty 50 Index has formed a death cross, a bearish technical signal where the 50-day moving average crosses below the 200-day moving average, indicating potential further declines. The index fell to INR 22,940, down from a triple-top peak of INR 26,428 earlier this year. Technical indicators such as the Relative Strength Index (RSI) hit lows not seen since February, reinforcing the negative outlook. Indian equities face pressure amid rising inflation driven by the ongoing Iran war, which has elevated crude oil prices and disrupted supplies through the Strait of Hormuz. Rising inflation may prompt the Reserve Bank of India to hike interest rates, pushing bond yields higher. Key companies including Bajaj Finance, Tata Motors, and HDFC have seen shares plunge by over 15% in the past month. HDFC shares fell sharply after the chairman's resignation, and Tata Motors was hit by a large vehicle recall.
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