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Fund Manager Talk | Indian IT to outpace global growth; SaaS, startups driving sectoral shift: Balakumar B
Technology spending is now essential, with Indian IT firms poised for continued growth despite cyclic slowdowns. HDFC Technology Fund adopts a bottom-up approach, balancing industry leaders and disruptors. SaaS, AI, and fintech are expanding India's tech sector. While IT spending slowed post-pandemic, long-term growth remains intact. Quick commerce has potential profitability as competition stabilizes.
'Blatant exploitation': Urban Company's Insta Maids service receives flak online
Urban Company faced backlash for launching ‘Insta Maids,’ allowing users to book househelp in 15 minutes. Critics called it exploitative, while supporters defended its economic model and earning potential for workers.
India may not be the promised land for Elon Musk
Elon Musk's ventures, Tesla and Starlink, face significant hurdles in India's market due to customer preferences, regulation, and competition. Starlink's high costs limit its appeal to urban users, while Tesla struggles with pricing and strong local competitors. Despite potential collaborations, India's regulatory landscape and market dynamics make substantial disruption unlikely for Musk's businesses.
Starlink's satellite broadband poses limited threat to Indian telcos: Report
Starlink's satellite broadband services won't significantly challenge Indian telecom leaders Jio and Bharti Airtel due to their competitive pricing, higher speeds, and unlimited data offerings. Starlink's service is more suited to expanding internet access in remote regions. Collaboration with Indian telcos focuses on distribution, with Jio and Bharti aiming to reach underserved areas.
Subsidy of Rs 20k each to gig workers: Tamil Nadu Budget
Tamil Nadu's 2025-26 Budget introduces a Rs 20,000 subsidy for 2,000 gig workers to buy new e-scooters. A group insurance scheme will secure approximately 1.5 lakh internet-based service workers. Lounges with essential facilities will be set up in cities for work convenience.
Tamil Nadu to subsidise e-scooter purchases by some gig workers
Tamil Nadu will offer a 20,000 rupees subsidy to 2,000 gig workers to buy e-scooters and introduce an insurance scheme for 150,000 workers to cover accidental death and disability. The state plans to set up lounges for workers in large cities including Chennai. The initiative aims to support the growing number of gig workers in the region.
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Govt sets tough conditions for Elon Musk's Starlink to enter India
The Centre has requested Starlink to establish a control centre in India. This will allow quick suspension or shutdown of communications for law and order. Starlink must also facilitate call interceptions through official channels. This move comes as Starlink nears its satellite communications licence approval, with agreements in place with Reliance Jio and Airtel.
Yes Bank goes live with GST payment facility
Yes Bank has launched a GST payment facility, enhancing its digital banking services. The facility allows businesses to meet tax obligations quickly and securely via the bank's internet banking platforms or branch network. Taxpayers can generate GST challans on the GST portal and complete payments through Yes Bank’s NetBanking or over-the-counter options, receiving real-time confirmations.
Starlink services via Airtel and Jio to be cheaper than the companies' own channels: Experts
Industry experts suggest that Bharti Airtel and Reliance Jio mobile users may find Starlink services more affordable when bundled with their existing offerings, making it cost-effective compared to purchasing directly from Starlink. By partnering with telecom operators, satellite connectivity can be offered as an added value proposition, minimizing the high costs of satellite equipment for consumers.
After Airtel, Jio lays out red carpet for Starlink
Elon Musk's Starlink has partnered with Jio Platforms and Bharti Airtel to provide high-speed satellite internet in India. These collaborations represent a significant shift in India's telecom sector and promise to deliver advanced technology without high spectrum costs, benefiting millions of Indian consumers.
Railways Minister Ashwini Vaishnaw 'welcomes' Musk's Starlink to India, says it will be useful for...
Union IT Minister Ashwini Vaishnaw welcomed Elon Musk's Starlink, emphasizing its potential for remote railway projects. Mukesh Ambani’s Jio Platforms struck a deal with SpaceX to bring Starlink broadband to India, competing with Airtel’s similar partnership.
Partnerships orchestrated by PM to buy goodwill with Trump: Congress on Airtel, Jio deals with Starlink
Both Airtel and Jio have announced partnerships with Starlink to bring its high-speed internet services to India, a move allegedly orchestrated by PM Modi to gain favor with US President Trump through Elon Musk. The Congress has raised concerns, particularly regarding national security and control over connectivity.
Amid rise in cyberattacks in US states on iPhone and Android, know what is smishing and why the FBI is alarmed
Smishing earlier used to target smartphone users using fraudulent toll payment notifications. However, scamsters have lately begun using fake delivery service alerts to deceive users into clicking malicious links. The FBI has reportedly advised users to delete any such text messages from their devices.
Reliance joins the race: Jio signs deal to bring SpaceX's Starlink internet to India after Airtel's pact
Jio Platforms has signed an agreement with Elon Musk’s SpaceX to offer Starlink’s satellite-based internet services in India. This move follows a similar partnership between Bharti Airtel and Starlink. The deal is subject to regulatory approval, but it signals a major shift in India’s internet landscape, particularly in rural areas. With satellite technology bypassing traditional infrastructure, Starlink could transform connectivity while forcing existing providers to reassess pricing and service quality.
Starlink, star bright first satcom tonight?
Airtel's partnership with Starlink seeks to extend internet coverage in India. With 40% of Indians lacking internet access, lowering the cost of satellite communications is crucial. Regulatory support and local partnerships are needed to make satcom services more affordable in rural regions.
Elon Musk's Starlink signs deal with Bharti Airtel, Jio for high speed internet in India: Check likely price, speed, plan, and more
Elon Musk’s SpaceX is set to bring its Starlink satellite internet service to India through two major telecom giants— Jio Platforms and Bharti Airtel. While both companies have announced agreements with SpaceX, regulatory approvals remain a key hurdle before operations can begin. Starlink’s low Earth orbit (LEO) satellite network promises to revolutionise internet access, especially in rural and remote areas where traditional infrastructure struggles.
Bharti Airtel shares jump 3% on signing deal with Elon Musk's SpaceX for satcom service in India
Bharti Airtel has signed an agreement with Elon Musk's SpaceX to offer Starlink's high-speed internet services in India. This collaboration marks a significant step in expanding satellite connectivity, enabling reliable broadband even in remote areas. The partnership aims to explore various solutions, including Starlink equipment at retail stores and enhancing Airtel’s network using SpaceX's technology.
Starlink’s India trajectory: Here's everything you need to know as parent SpaceX partners with Jio Platforms and Bharti Airtel
Jio Platforms and Bharti Airtel are now preparing to compete in both traditional broadband and the satellite internet market. Starlink, developed by SpaceX, will offer internet coverage via a network of low Earth orbit (LEO) satellites. The service is designed to target rural and remote areas with poor or no connectivity.
Elon Musk's Starlink India entry scaring Indus Towers investors, stock down 8%
Indus Towers shares dropped 8% amid investor concerns over telecom giants Bharti Airtel and Jio partnering with SpaceX’s Starlink for satellite internet services, potentially disrupting the tower infrastructure business and intensifying competition in India's emerging satellite communications market.
Sensex jumps 250 points, Nifty tops 22,550 as RIL, Airtel offset losses in IT stocks
Indian benchmark indices started higher on Wednesday, driven by gains across most sectors excluding IT. The BSE Sensex rose 257.28 points with Tata Motors leading the gains, while Bharti Airtel surged on a partnership with Elon Musk's SpaceX to offer Starlink internet services in India.
Reliance Industries shares in focus as Jio collaborates with Elon Musk’s Starlink
Reliance Industries shares: Jio and SpaceX are exploring additional areas of collaboration, potentially involving technology sharing, infrastructure development, and integration with Jio's existing telecom network.
Musk's Starlink set to disrupt India's internet market
SpaceX's Starlink is set to enter India's internet market through a partnership with Bharti Airtel, promising to revolutionise connectivity in rural areas. With advanced satellite technology, Starlink aims to overcome the traditional infrastructure limitations, potentially increasing competition and digital inclusion in India's vast and underserved regions.
Airtel, SpaceX join hands: How will Indians be able to log on to Musk’s Starlink internet services?
Bharti Airtel has partnered with SpaceX for the launch of Starlink satellite internet in India, pending SpaceX's authorization. The collaboration aims to provide Starlink equipment through Airtel’s stores, offer services to businesses, and connect rural areas. The deal follows a clash between telecom companies and Starlink over satellite spectrum pricing. TRAI is still deliberating on spectrum allocation.
Elon Musk's Starlink now in India: A complete guide to tech mogul's satellite internet revolution
Airtel and SpaceX have partnered to bring Starlink’s high-speed internet to India. Owned by Elon Musk’s SpaceX, Starlink is an internet satellite service that lets users enjoy high speed internet even in the most remote and inaccessible regions of the world. Starlink aims to offer high-speed internet in more than 100 countries and territories worldwide.
Airtel, Elon Musk's SpaceX join forces to beam Starlink’s super-fast internet to India
Bharti Airtel has partnered with SpaceX to provide high-speed internet in India via Starlink satellites. This collaboration aims to serve remote areas and enhance Airtel's network using SpaceX’s technology. The partnership includes offering Starlink equipment through Airtel’s outlets and focusing on underserved communities. Meanwhile, Indian telecom firms call for fair satellite spectrum pricing.
'Say thank you' Marco Rubio tells Poland amid Ukraine Starlink spat
U.S. Secretary of State Marco Rubio criticized Poland's foreign minister Radoslaw Sikorski for suggesting Ukraine might need an alternative to Elon Musk's Starlink service, which provides essential internet connectivity. Rubio and Musk emphasized the importance of Starlink for Ukraine and dismissed Sikorski's concerns.
Bangladeshi firms join hands with US telecom giant Starlink
Several Bangladeshi firms have signed contracts with Elon Musk's Starlink to establish ground earth stations in Bangladesh. The collaboration will aid in providing reliable and high-speed internet across cities and remote areas, with ongoing discussions on location and implementation details.
5G’s cosmic ring: Unlocking global connectivity with non-terrestrial networks
Satcom is answering the call for enhanced connectivity, but are India’s 5G non-terrestrial networks ready to take off? The integration of 5G NTN could revolutionise connectivity, enabling remote services and opening new revenue streams for telecom players, though challenges remain in scaling and profitability.
As Donald Trump suspended aid to Ukraine, this satellite company that competes with Elon Musk's Starlink saw its shares triple in value; here's the reason
Eutelsat's shares surged after concerns arose over Ukraine's access to Starlink's internet service due to the US cutting aid. Eutelsat, which merged with OneWeb, is negotiating with EU officials to provide satellite services to Ukraine. The future of Starlink in Ukraine remains uncertain. The EU plans to grant Ukraine access to the GovSatCom satellite network.
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