The connection between HMIT and MoviePass may be seen as one more negative in an already concerning situation for investors. HMNY’s financial outlook has been a topic of heated debate as the stock has nosedived over 98% in recent months. On Tuesday, the stock hit an all-time low of 24 cents during trading.
The 2015 guidelines could have resulted in making it difficult for software developers to innovate with expansion of scope of patentability in the field of software. Prasanth Sugathan, counsel at SFLC.in, who represented the organisation at the consultations said: “The legislature by limiting the scope of patentable subject matter in the field of software wanted our software professionals and industry to innovate and not be stifled by companies holding a stockpile of patents. We are grateful to the Government and the patent office for listening to our feedback and suggestions and preserving the freedom of our coders and entrepreneurs to innovate without shackles.”
Describing the mission as a milestone in the nation’s space capabilities, he said the launch was “testimony to the commercial competitiveness of the Indian space industry and is a tribute to Indian innovation and ingenuity”.
A beaming ISRO chief K. Radhakrishnan told the post-launch media conference that with today’s successful mission the agency has launched 62 satellites, one space recovery module and 37 rockets, making it a grand 100.