logo
India signs deal to acquire Starlink internet service

India signs deal to acquire Starlink internet service

Express Tribune11-03-2025

An Indian telecom company has reached an agreement with SpaceX to provide Starlink internet services in India, according to Indian media reports.
The deal marks a significant step towards expanding Starlink's global reach. The licence application for Starlink has reportedly reached an advanced stage, with initial approval nearing completion.
However, the Indian telecom company clarified that SpaceX will need to secure the necessary permits to sell Starlink in India before the deal becomes fully operational.
According to international media, the collaboration between the Indian company and SpaceX will focus on introducing Starlink equipment in retail outlets, offering Starlink services to business customers, and exploring the possibility of providing internet to rural communities, schools, and healthcare centres.
Gwynne Shotwell, SpaceX's Chief Operating Officer, expressed excitement about the partnership, stating, "We are thrilled to work with the Indian company and look forward to bringing the benefits of Starlink to the people of India."
Currently, Elon Musk's business interests in India are limited to the social media platform X (formerly Twitter). However, his electric vehicle company, Tesla, is expected to enter the Indian market soon. Last month, Tesla posted job advertisements in India, shortly after Prime Minister Modi's meeting with Musk.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India set for electricity futures trading as NSE becomes 2nd exchange to get nod
India set for electricity futures trading as NSE becomes 2nd exchange to get nod

Business Recorder

time10 hours ago

  • Business Recorder

India set for electricity futures trading as NSE becomes 2nd exchange to get nod

India's National Stock Exchange on Wednesday became the second exchange in a week to secure regulatory approval to launch electricity futures contracts, a move experts say could help struggling power utilities improve their finances. The Multi Commodity Exchange of India (MCX) received a similar approval last week from the Securities and Exchange Board of India (SEBI). A futures contract will allow the purchaser to secure power at a fixed price at a later time. Currently, Indian utilities rely heavily on long-term power purchase agreements (PPAs) spanning up to 25 years for baseload requirements, supplemented with short-term purchases through power exchanges for peak demand. Distribution companies (discoms) in India owed about $9.5 billion in unpaid dues, according to the government, driven by expensive long-term power purchases, subsidised supply, and electricity losses due to poor infrastructure. 'There is clearly an incentive from now on to not lock yourself into a 25-year contract and rather look at shorter terms,' said Ashutosh Padelkar, Senior Associate at Aurora Energy Research. Globally, power derivatives are traded on CME Group, Euronext, the Intercontinental Exchange and European Energy Exchange, among others. 'Discoms will gain the ability to use forward curves to plan procurement more dynamically… This can help optimize costs, avoid overcontracting, and improve demand forecasting,' said Sanjeev Aggarwal, chairman of Hexa Climate Solutions. A forward price curve helps in predicting the expected electricity price in the future. Discoms currently sell solar surplus at low daytime prices, but can now use derivatives to sell at pre-agreed higher rates during that period. They can also buy electricity at lower prices during non-solar hours using the contracts, when spot prices typically surge. Even power producers can hedge by taking opposite positions in the derivative markets using the forward price curve, said Aditya Malpani, a senior director at power producer AMPIN Energy Transition.

Elon Musk apologizes to Donald Trump: Tesla founder humbled as he's forced to say sorry, admitting he 'went too far' in Trump-Musk feud
Elon Musk apologizes to Donald Trump: Tesla founder humbled as he's forced to say sorry, admitting he 'went too far' in Trump-Musk feud

Express Tribune

time15 hours ago

  • Express Tribune

Elon Musk apologizes to Donald Trump: Tesla founder humbled as he's forced to say sorry, admitting he 'went too far' in Trump-Musk feud

Elon Musk has publicly expressed regret over some of the posts he made about President Donald Trump, acknowledging that they "went too far." The remarks, posted on Musk's social media platform, X, marks the latest shift in the tumultuous relationship between the billionaire tech entrepreneur and the US president. Musk's statement of remorse follows a bitter and public exchange between the two men. I regret some of my posts about President @realDonaldTrump last week. They went too far. — Elon Musk (@elonmusk) June 11, 2025 Musk, who played a key role in Trump's 2024 election campaign, using his vast financial resources to help secure a Republican victory, had recently criticised Trump's 'One Big Beautiful Bill,' a massive tax and spending package making its way through Congress. Musk's sharp criticisms of the bill and his departure from his government role sparked a fiery response from Trump. Trump, speaking to reporters in early June, expressed his disappointment with Musk, saying, "Elon and I had a great relationship. I don't know if we will anymore." He also took to Truth Social, accusing Musk of "going CRAZY!" and suggesting the termination of Musk's government subsidies and contracts. In response, Musk accused the Trump administration of suppressing the release of the so-called Epstein Files, and he supported calls for Trump's impeachment. These posts have since been deleted. The social media feud came to a head when Trump declared their relationship over. Trump appeared to soften his stance on Monday, stating, 'I wish him well,' adding that he would not have a problem with Musk calling him. While Trump hinted that he may move his Tesla off-site, he made it clear that the Starlink service provided by Musk's SpaceX would remain in use at the White House. Musk's statement of regret, without specifying which posts he was referring to, indicates a potential de-escalation in tensions. Shares of Tesla rose by 2.7% following Musk's post, according to local media reports. While the two powerful men's public feud has sparked intense debate, Musk's apology suggests that he may be open to repairing his relationship with the President, despite their differences over policy and the handling of the recent protests.

Tesla's public robotaxi rides set for tentative June 22 start, CEO Musk says
Tesla's public robotaxi rides set for tentative June 22 start, CEO Musk says

Business Recorder

time19 hours ago

  • Business Recorder

Tesla's public robotaxi rides set for tentative June 22 start, CEO Musk says

SAN FRANCISCO: Tesla tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk said on Tuesday, as investors and fans of the electric vehicle maker eagerly await rollout of the long-promised service. Musk has staked Tesla's future on self-driving vehicles, pivoting away from plans to build a cheaper EV platform, and much of the company's valuation hangs on that vision. But commercializing autonomous vehicles (AV) has been challenging with safety concerns, tight regulations and soaring investments, and many have been skeptical of Musk's plans. 'We are being super paranoid about safety, so the date could shift,' Musk said in a post on X in response to a question from a user about public robotaxi rides that the EV maker plans to first offer in Austin, Texas. Musk also said starting June 28, Tesla vehicles will drive themselves to a customer's house from the end of the factory line. A successful robotaxi launch is crucial for Tesla as sales of its EVs have softened due to rising competition and a backlash against Musk's embrace of far-right political views in Europe, and his recent work for U.S. President Donald Trump before their public falling out. Musk has promised a paid robotaxi service in Austin starting with about 10-20 of its Model Y SUVs that will operate in a limited area and under remote human supervision. The company then plans to expand operations to other U.S. states later in the year, including California which has stringent AV regulations. Trump-Musk row slams Tesla shares, $150 billion in market value wiped out 'Austin LA for robotaxi launch lol,' Musk said on X, in an apparent reference to the southern Californian city of Los Angeles. Tesla has been testing its self-driving vehicles on public streets in Austin, Musk said last month. Earlier on Tuesday, Musk re-posted a video on X that showed a Model Y making a turn at an Austin intersection with no human driver and the word 'Robotaxi' written on it, and followed closely by another Model Y. The vehicles were using a new version of Tesla's advanced driver assistance software, called Full Self-Driving (FSD), Musk said in a separate X post. Little else is known about Tesla's robotaxi service, including where it will operate, the extent of remote supervision and how the public can use the service.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store