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NEW DELHI: In a bid to address the longstanding confusion

JSW Cement, the building materials arm of Sajjan Jindal-led JSW

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NEW DELHI: Seven out of the top 10 highest-valued firms experienced a collective reduction of Rs 1.35 lakh crore in market value last week. The BSE benchmark decreased by 863.18

NEW DELHI: In a bid to address the longstanding confusion over speed limits, the road transport ministry has proposed that the Centre set the speed limits for NHs and expressways

Mahindra & Mahindra Ltd (M&M) on Saturday said it has completed the acquisition of a 58.96% controlling stake in commercial vehicle maker SML Isuzu Ltd from Japan’s Sumitomo Corporation and

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

MUMBAI: A sharp increase in provisions pulled down quarterly profit at Federal Bank, India’s sixth-largest private lender, even as asset quality and core earnings improved. Net profit declined 14.6% to

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

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JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Musk’s Starlink finally gets government licence to launch satcom services

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Musk's Starlink finally gets government licence to launch satcom services

NEW DELH: A local factory for Tesla’s electric cars may be some time away, but Elon Musk’s satellite communications venture Starlink has finally received a go-ahead from govt to launch services in the country.Starlink got approval for three licences – Global Mobile Personal Communication by Satellite (GMPCS), Commercial Very Small Aperture Terminal (VSAT), and Internet Service Provider (ISP) – which will enable the company launch a slew of satellite-based communication services in India, ranging from consumer to enterprise internet solutions.TOI was the first to report in its June 4 editions that the govt has decided to approve Starlink’s licence applications, which had been pending for the past three-four years, after the company agreed to abide by security and other requisite conditions. Starlink, which becomes the third telecom company to receive the GMPCS licence after Bharti group-backed Eutelsat OneWeb and Jio SES, is expected to get trial spectrum over the coming weeks.However, the company is not likely to launch consumer and enterprise services any time soon, since none of the satcom licence holders have been allotted spectrum yet. Recommendations regarding the method of administrative allocation of satcom spectrum, as well as the charges, have been submitted by regulator Trai to govt, but no final decision has been taken on the matter.Starlink will also have to put the ground infrastructure within India to correspond with its satellites and enable communication services. “This will take months to build, and will require approvals from security agencies,” sources said. Starlink operates a constellation of Low-Earth Orbit satellites that are positioned around 550 km above the earth and closer than traditional geostationary satellites.





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