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Business Standard
18 hours ago
- Business
- Business Standard
Starlink to launch in India with ₹3,000 monthly plans, ₹33,000 setup cost
Elon Musk 's satellite internet venture Starlink is moving closer to launching its services in India, with expected pricing of ₹3,000 per month for unlimited data and a ₹33,000 one-time cost for the receiver kit, according to CNBC Awaaz. The service is expected to begin operations within the next 12 months, as reported by NDTV. Starlink recently secured a key licence from the Ministry of Telecommunications on June 6, marking a major milestone in its efforts to enter India's broadband market. With this clearance, Starlink joins Bharti Airtel's OneWeb and Reliance Jio's satellite arm as one of the three players authorised to offer satellite-based internet services in India. Targeting regions with LEO satellite tech Starlink plans to deliver 600–700 Gbps of bandwidth through its low-Earth orbit (LEO) satellite constellation, targeting rural and remote areas where conventional fibre and mobile networks remain limited or unreliable. While India is known for offering some of the world's most affordable data rates, Starlink is positioning itself as a premium provider in regions where terrestrial internet is not an option. Initial expectations for Starlink's India pricing had varied. Former Starlink India head Sanjay Bhargava had estimated a first-year cost of ₹1.58 lakh, which would reduce to ₹1.15 lakh in subsequent years. The updated figures bring pricing in line with Starlink's recent launch in Bangladesh, which offers the service at ₹3,000 per month and a ₹33,000 hardware cost. Starlink expands footprint in Asia Starlink currently operates across select Asian countries, including Japan, Malaysia, Indonesia, the Philippines, Bhutan, and Bangladesh. Pricing for its Residential Lite plans across the region typically ranges from ₹2,600 to ₹3,000 per month, while standard plans are priced between ₹4,000 and ₹6,000 depending on the market. In Bangladesh, where the pricing model closely mirrors that proposed for India, the first-year cost totals around ₹66,000. Despite receiving its operating licence, Starlink must still navigate further regulatory hurdles before it can launch services in India. The Telecom Regulatory Authority of India's (TRAI) spectrum allocation recommendations are still awaiting approval from the DoT.
Business Upturn
5 days ago
- Business
- Business Upturn
Britannia shares in focus as reports suggest GST council to reduce rate on cheese & condensed milk
By Aditya Bhagchandani Published on June 5, 2025, 12:19 IST Shares of Britannia Industries were in focus on June 5, rising 0.12% to ₹5,548.50 in early trade after CNBC Awaaz reported that the GST Council is likely to consider reducing the Goods and Services Tax (GST) on dairy products like cheese and condensed milk. The move, if implemented, could lower input costs and boost profitability for food companies with significant dairy exposure. Currently, cheese and condensed milk attract 12% GST, while paneer, curd, lassi, buttermilk, and UHT milk are taxed at 5%. The proposed reduction could provide pricing flexibility for consumer goods companies like Britannia. Updated stock details: Current Price: ₹5,548.50 Previous Close: ₹5,542.00 Day Range: ₹5,520.50 – ₹5,570.00 52-Week Range: ₹4,506.00 – ₹6,469.90 Market Cap: ₹1.34 trillion P/E Ratio: 61.34 Dividend Yield: 1.35% Avg Volume: 253.26K Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
