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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year

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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

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File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

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File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to

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MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain

File photo: Union minister Piyush Goyal (Picture credit: PTI) India’s Free Trade Agreement (FTA) with Oman is at an advanced stage and nearly finalised, Union Commerce and Industry Minister Piyush

File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority.

This is an AI-generated image, used for representational purposes only. An Indian company that exported $1.4 million worth of an explosive compound to Russia last December said it complied with

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to

NEW DELHI: Union commerce and industry minister Piyush Goyal on Saturday hailed the newly signed free trade agreement with the United Kingdom and said that the deal was signed on

DoT set to finalise satellite spectrum rules; first-come-first-serve model likely

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DoT set to finalise satellite spectrum rules; first-come-first-serve model likely

Department of telecommunications (DoT) is in the final leg of drafting new rules for allocating satellite spectrum, which will be administered under the Telecommunications Act. The draft is expected to be released soon for stakeholder feedback and the spectrum is anticipated to be shared on a first-come-first-served basis.India’s satellite broadband players, such as Eutelsat OneWeb and the Jio-SES joint venture, have already secured all necessary permissions and are awaiting final spectrum clearance to begin commercial services. Starlink, owned by Elon Musk’s SpaceX, was issued a letter of intent for a satcom licence earlier this month and will be given test spectrum soon to show its compliance with India’s security protocols.“The draft will be soon put out and final rules are expected to be notified in a couple of months,” a senior official told ET.The DoT is looking ahead for the prompt completion of the process, so that it can begin the services early. The department has already notified updated security conditions for satcom firms.Earlier, satellite spectrum was allocated administratively to operators such as those using VSAT (very small aperture terminal) as part of their licence. However, now the process will fall under a new authorisation regime, with fresh rules and procedures to be notified separately. The move followed recommendations by the telecom regulatory authority of India (TRAI), which proposed that satellite communication companies pay 4% of their adjusted gross revenue (AGR) for spectrum usage, which will be assigned for five years.TRAI’s pricing proposals will be reviewed by the digital communications commission (DCC) before being sent to the Cabinet.“Since satellite spectrum is a shared resource, first-come, first-serve policy won’t be a problem as the same spectrum can be utilised by late entrants. But the key issue will be around interference and how best it can be minimised,” said another official.India’s growing space economy is predicted to reach $44 billion by 2033, boosting its global share from 2% to 8%, according to space regulator IN-SPACe.





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