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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The approval from the space regulator is a win for Mukesh Ambani-led Reliance Industries as it comes even as global tech giants—Elon Musk’s Starlink and Amazon’s Kuiper—are vying for a similar go-ahead.
India’s space regulator has given its nod to a joint venture between Jio Platforms, a subsidiary of Reliance Industries, and Luxembourg-based SES, a satellite-based content connectivity solutions provider, to provide gigabit fibre internet in the country, Reuters reported on Thursday.
The report said that the joint venture, Orbit Connect India, received the three approvals from the Indian National Space Promotion and Authorisation Centre (IN-SPACe) in April and June. These will allow the company to operate satellites above India but it needs further clearances from the Department of Telecommunications to begin operations.
The two companies had announced the JV in 2022—with …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
The space tech startup’s next bet is to build a business where it can sell more than just hyperspectral imaging. The sky is the limit but the money is finite.
Elon Musk’s satellite internet promises a new way to get online. How will it coexist with the country's telecom giants?
