
Musk's Starlink receives India's final regulatory nod for launch
The Elon Musk-led firm has been waiting since 2022 for licences to operate commercially in India. Last month, it received a key license from India's telecom ministry to launch, but has been waiting for a go-ahead from India's space regulator.
Starlink's licence is valid for five years, the country's space regulator Indian National Space Promotion and Authorization Centre (IN-SPACe) said.
Reuters reported earlier in the day, citing sources, that Starlink had secured the licence from IN-SPACe.
Starlink would be the third company to receive India's nod to enter the space, with India previously approving applications by Eutelsat's (ETL.PA), opens new tab OneWeb and Reliance Jio to provide services in the country.
Starlink will now need to secure spectrum from the government, set up ground infrastructure, and also demonstrate through testing and trials that it meets the security rules it has signed up for.
Musk and billionaire Mukesh Ambani's Jio clashed for months over how India should grant spectrum for satellite services. India's government sided with Musk that spectrum should be assigned and not auctioned.

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Reuters
16 minutes ago
- Reuters
Australia's Treasury Wine Estates posts more than 15% rise in annual profit
Aug 13 (Reuters) - Australia's Treasury Wine Estates ( opens new tab reported a 15.5% rise in annual underlying profit on Wednesday, reflecting strong performance in its luxury portfolio, particularly Penfolds. The country's biggest wine producer posted underlying net profit after tax of A$470.6 million ($307.21 million) for the year ended June 30, which was higher than the A$407.5 million a year ago but missed Visible Alpha's estimate of A$472.1 million. The results underscore the growth in Treasury Wine's luxury wine portfolio, which now generates around 55% of revenues, as well as the successful re-establishment of Penfolds and other products in China after Beijing lifted punitive tariffs. The winemaker's annual sales revenue climbed more than 7% to A$2.94 billion. It announced a final dividend of 20 Australian cents per share, higher than 19 Australian cents apiece declared last year. Treasury Wine also announced a buyback of up to A$200 million, which is to be completed progressively through fiscal 2026. ($1 = 1.5319 Australian dollars)


BBC News
an hour ago
- BBC News
FTA: UK firms chase $38bn India contracts but challenges loom
A standout feature of the India-UK free trade agreement signed last month was the Narendra Modi government's decision to open India's vast government procurement market to UK suppliers. This typically includes a range of things the government buys - from goods and services to contracts for public works such as roads. Some 40,000 high-value tenders worth £38bn from federal ministries will now be open to bidding for UK businesses in strategic sectors like transport, green energy and infrastructure - areas which have thus far been heavily protected from foreign access is unprecedented, trade experts is "far greater" than what India had offered in its earlier agreement with the United Arab Emirates and "sets a new benchmark", Ajay Srivastava of the Global Trade Research Initiative (GTRI), a Delhi-based think-tank, told the the agreement, UK firms bidding for Indian government contracts in specified areas will be treated almost on par with Indian suppliers and also have real-time access to information on forthcoming public tenders and procurement goods from the UK made with just 20% domestic input can now be supplied to the Indian government, allowing UK companies the flexibility to source up to 80% of the parts or raw material from other countries and still qualify for procurement preference in minimum contract value at which these firms can bid for government projects has also been sharply reduced as a result of which "UK companies can now bid on a wide range of lower-value projects - such as rural roads, solar equipment for schools, or IT systems for government offices - that were previously out of reach", said Mr Srivastava. But for British companies, realising this opportunity on the ground will be easier said than done, several experts told the UK suppliers are eligible to participate as Class-II local suppliers, Indian companies will continue to get preferential treatment as Class-I suppliers, says Dr Arpita Mukherjee, a trade expert with the Indian Council for Research on International Economic pricing plays a key role in winning contracts, and "UK companies tend to have higher prices" compared with Indian companies, which will be a major challenge for them, she adds.A more significant deterrent will be delayed payments and difficult contract enforcement, which are "major legacy issues when it comes to public procurement in India", says Srijan Shukla of the Observer Research Foundation says a study on procurement by India's central public sector enterprises from 2017 to 2020 found that pending payments to suppliers were often more than the total average procurement in a year."This will impact UK players trying to enter India's public procurement markets, especially when it comes to public contracts that have long-time horizons and are subject to regulatory and political uncertainties," Mr Shukla told the dues have been a major irritant for India's small businesses too, leading to short-term liquidity issues that often "force them out of these procurement markets and reallocate that business to the big players", according to Mr of this is reflected in India's poor ranking - 163 out of 190 - on contract enforcement in the World Bank's Doing Business report, the latest round of which was in things have improved since these rankings were published - with one-stop-shop portals like Government e-Marketplace, the Central Public Procurement Portal or the recently launched online dispute resolution portal bringing more transparency to the public tendering process - payment discipline by government entities continues to remain a challenge, says Mr to Ms Mukherjee, the India-UK trade agreement emphasises transparency in procurement but omits issues like pending dues, contract enforcement and adds the deal excludes the Comprehensive Economic and Trade Agreement's dispute settlement provisions for four years after the CETA takes effect - these provisions usually define how disputes are resolved."Doing business in India is an acquired skill. Over time, companies from the UK will have to learn the way to work around complexities regarding the art of winning public tenders and navigating though complex regulations," Mr Shukla says. Despite the niggling issues, allowing foreign players entry into India's government procurement market marks a far-reaching policy shows the Indian government's intentions to open up a space that has long been reserved for local small and medium enterprises, and could be reflective of the concessions Delhi is willing to give foreign players in future trade agreements like the one being negotiated with the US, according to is late to including deep government procurement clauses in trade deals, making its current efforts a catch-up game, says Mr is also a sign, he says, of the Indian government's "confidence that its own firms can compete with global firms both externally and at home". The hope is that more foreign players will force more accountability from the Indian government and "help standardise" its tendering and public procurement process - marked by payment delays and poor contract enforcement - to global standards. Follow BBC News India on Instagram, YouTube, X and Facebook.


The Guardian
5 hours ago
- The Guardian
Elon Musk threatens Apple with lawsuit over OpenAI, sparking online feud with Sam Altman
Billionaire Elon Musk threatened legal action against Apple on behalf of his artificial intelligence startup xAI, accusing the iPhone maker of favoring OpenAI and breaching antitrust regulations in managing the rankings in its App Store. The posts elicited snide responses from Sam Altman, the OpenAI CEO, and began a spat between the two former business partners on X. 'Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation. xAI will take immediate legal action,' Musk said in a post on his social media platform X. In a post earlier that day, he wrote, 'Hey @Apple App Store, why do you refuse to put either X or Grok in your 'Must Have' section when X is the #1 news app in the world and Grok is #5 among all apps? Are you playing politics?' OpenAI's ChatGPT currently holds the top spot in the App Store's 'Top Free Apps' section in the US, while xAI's Grok ranks fifth. Apple has a partnership with OpenAI that integrates ChatGPT into iPhones, iPads and Macs. Apple and xAI did not provide comment. Altman responded to Musk on X: 'This is a remarkable claim given what I have heard alleged that Elon does to manipulate X to benefit himself and his own companies and harm his competitors and people he doesn't like.' Musk has bent X's algorithmic recommendations to favor his own tweets, according to multiple reports. Altman and Musk founded OpenAI together in 2015, but Musk left the startup and rescinded funding in 2018 after proposing to take it over, a petition other executives rebuffed. The Tesla CEO has since sued the company twice over its planned transition to a for-profit enterprise, alleging 'deceit of Shakespearean proportions'. Altman has cast Musk as a bitter and petty ex-partner who was jealous of the company's success after departing. Musk replied to Altman's tweet, 'You got 3M views on your bullshit post, you liar, far more than I've received on many of mine, despite me having 50 times your follower count!' Altman replied to Musk multiple times, first calling his lack of views a 'skill issue', then 'or bots', and then offered a legal question of his own: 'Will you sign an affidavit that you have never directed changes to the X algorithm in a way that has hurt your competitors or helped your own companies? i will apologize if so.' Users on X – through the community notes feature – have pointed out that a few apps besides OpenAI have taken the top spot on the App Store this year. Chinese AI app DeepSeek reached the No 1 spot on the platform in January, while in July, Perplexity took first place in India's App Store – both occurring after the OpenAI and Apple partnership struck last year. One user asked X's native AI, Grok, who was right in the feud. The chatbot replied, 'Based on verified evidence, Sam Altman is right.' Sign up to TechScape A weekly dive in to how technology is shaping our lives after newsletter promotion Musk's comments come as regulators and rivals intensify scrutiny of Apple's control over its App Store. Earlier this year, Apple was ordered to pay a fine of €500m ($581.15m) by the EU antitrust enforcer, which said the company's restrictions prevented developers from steering users outside the App Store. The US Department of Justice filed an antitrust lawsuit against Apple in early 2024, accusing the iPhone maker of creating and maintaining 'broad, sustained, and illegal' smartphone monopoly.