Elon Musk’s Starlink gets govt nod to launch satellite internet service in India

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The approval positions Starlink alongside OneWeb and Reliance Jio as India’s authorised satellite internet providers, with commercial rollout expected after spectrum allocation.   Elon Musk’s satellite internet venture, Starlink, has received a key regulatory clearance from the Department of Telecommunications (DoT), Government of India, bringing it closer to launching its services in the country. With…

From EMI to economy: What RBI’s 50 bps repo rate cut means for various sectors

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Lower repo rate means cheaper loans for homebuyers, auto buyers and businesses RBI’s bigger-than-expected rate cut is its last move for the year, economists say: Reuters poll Reserve Bank of India on June 6 announced reduction in its key repo rate by a larger-than-expected 50 basis points and this means good news for many sectors, including stock…