INDIAN tycoon Mukesh Ambani is set to enter the satellite broadband services space as his tech company Jio Platforms has announced a tie-up with Luxembourg-based SES.
The two companies have formed a joint venture, Jio Space Technology Limited, in which Jio owns 51 per cent equity stake and SES the remaining 49 per cent.
"The joint venture will be the vehicle for providing SES's satellite data and connectivity services in India, except for certain international aeronautical and maritime customers who may be served by SES,” the two companies said in a statement.
"It will have availability of up to 100 Gbps capacity from SES and will leverage Jio's premier position and sales reach in India to unlock this market opportunity.”
Jio is a subsidiary of the Ambani-promoted Reliance Industries, India’s most-valued listed company.
The joint venture will use multi-orbit space networks, a combination of geostationary and medium earth orbit satellite constellations.
"Jio, as an anchor customer of the joint venture, has entered into a multi-year capacity purchase agreement, based on certain milestones along with gateways and equipment purchase with a total contract value of circa $100 million (£73.78m)," according to the statement.
Jio director Akash Ambani said, "while we continue to expand our fibre-based connectivity and FTTH business and invest in 5G, this new joint venture with SES will further accelerate the growth of multigigabit broadband."
He added that "with additional coverage and capacity offered by satellite communications services, Jio will be able to connect the remotest towns and villages, enterprises, government establishments, and consumers to the new Digital India."
Ambani’s firm follows British company OneWeb - promoted by another Indian billionaire Sunil Mittal - and American tycoon Elon Musk’ Starlink, which launched satellites to roll out broad services.
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Craftsmen work on diamonds at a diamond processing unit in Surat, India, August 15, 2025. (Photo credit: Getty Images)
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Tariff surge threatens one-third of India’s diamond exports
Aug 26, 2025
THE SURAT Diamond Bourse, billed as the world's largest office complex and bigger than the Pentagon, remains largely empty with only a few traders working.
Business has slowed, and the outlook is uncertain.
India’s diamond exports have fallen to a two-decade low due to weak Chinese demand. Now, higher US tariffs under president Donald Trump are set to hit the industry’s biggest market, which takes nearly one-third of its $28.5 billion annual exports of gems and jewellery.
In Surat, where more than 80 per cent of the world’s rough diamonds are cut and polished, orders are shrinking as the US tariffs undermine buyer confidence.
Smaller exporters have limited options, while bigger firms are considering moving part of their operations to countries like Botswana, which faces a lower 15 per cent tariff. India’s current 25 per cent tariff is set to double on 27 August.
"We are in a wait-and-watch mode until the end of August but may increase production in Botswana if this continues," said Hitesh Patel, managing director of Dharmanandan Diamonds, which expects US tariffs to cut its annual revenue by 20–25 per cent.
Shaunak Parikh, vice chairman of the Gem and Jewellery Export Promotion Council (GJEPC), said the industry was cutting working days and hours to adjust to slower demand.
At the Surat Diamond Bourse, more than 4,700 offices have been sold but fewer than 250 are in use, with several firms reconsidering plans to move in, a bourse official said.
A Mumbai-based diamond company owner, who bought office space last year, said he had postponed shifting. "U.S. tariffs have already shaken our business, and we don't want the added hassle of moving from Mumbai to Surat," he said, requesting anonymity.
In December 2023, prime minister Narendra Modi inaugurated the Surat Diamond Bourse, spread over 6.7 million square feet, larger than the Pentagon’s 6.5 million. Modi called it a symbol of "new India's strength and new resolve".
The bourse, with nine interconnected towers of 15 floors each, also houses banks, customs offices, vaults, and a jewellery mall, designed as a one-stop hub for the global diamond trade.
LITTLE SPARKLE DESPITE PEAK SEASON
Surat’s units usually step up production during this period to meet US demand ahead of Christmas and New Year. This year, many workers are unsure if they will have jobs.
"Demand has slumped so badly that the diamond packets I sold for 25,000 rupees ($285.84) last year now barely fetch 18,000," said Shailesh Mangukiya, who runs a polishing unit in Surat. He said his workforce has been cut in half to 125.
Parikh of GJEPC said without a trade deal to lower tariffs, 150,000 to 200,000 workers could lose jobs.
Industry officials said US buyers are likely to shift to suppliers in Israel, Belgium and Botswana.
Exporters are looking to Asia, Europe and the Middle East to offset US losses, but finding new buyers is difficult, they said. Many are reducing rough diamond purchases and working with small inventories, while some smaller units are offering discounts to survive.
India’s domestic demand, however, is holding. The country recently overtook China as the second-largest diamond market.
"Our sale for the last 10–15 days has slowed down a little but not that much because the loss of American demand is being compensated by some good demand in the Indian market," said Hitesh Shah, a partner at Venus Jewel, which supplies brands including Tiffany & Co and Harry Winston.
(With inputs from Reuters)
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Earn $7k/day through mining contracts by Bitcoin (BTC) plummets, BTC holders
Aug 26, 2025
Bitcoin whale dumped 24,000 BTC, triggering a flash crash that sent the price plummeting by $110,000. This depressed market sentiment, led to the liquidation of numerous leveraged long positions, and intensified short-term selling pressure.
At the same time, GoldenMining launched a new Bitcoin mining contract to mitigate the risk of Bitcoin's price decline and help Bitcoin holders earn daily returns.
What is GoldenMining?
GoldenMining is a platform that provides computing services to users worldwide. We eliminate the tedious process of purchasing, installing, and hosting mining machines, allowing you to earn stable returns with a small investment. Our mission is to provide a seamless investment experience and professional project management for anyone interested in cryptocurrency cloud mining, regardless of their experience level.
How to participate in GoldenMiningBTC mining contracts
Sign up for a free account on the GoldenMining platform and receive $15. Log in daily to earn $0.6.
GoldenMining offers a variety of contract plans designed to meet diverse investment needs and budgets. Users can flexibly choose the most suitable plan based on their circumstances and easily begin their cloud mining journey.
Popular mining contract recommendations
[Daily Sign-in Reward]: Deposit $15, 1-day contract, daily profit $0.60, total profit $15 + $0.60
[New User Contract]: Deposit $100, 2-day contract, daily profit $4, total profit $100 + $8
[Bitmain Antminer S23 Hyd]: Deposit $650, 5-day contract, daily profit $8.45, total profit $650 + $42.25
[Antminer L9 16GH]: Deposit $1500, 12-day contract, daily profit $20.25, total profit $1500 + $243
[Antminer L9 17GH]: Deposit $3500, 18-day contract, daily profit $48, total profit $3500 + $882
[Elphapex DG2: Investment: $6,000, 30-day contract, daily profit of $87, total return of $6,000 + $2,610
Elphapex DG2+: Investment: $12,500, 38-day contract, daily profit of $212.5, total return of $12,500 + $8,075
ANTSPACE HD5: Investment: $55,000, 47-day contract, daily profit of $1,056, total return of $55,000 + $49,632
GoldenMining Advantages
GoldenMining boasts a 24/7 online team of certified professionals specializing in cryptocurrency mining, blockchain technology, cryptocurrency finance, and security.
Users are free from traditional constraints, eliminating the need to purchase expensive equipment or consume energy. Simply purchase contract to start mining and receive profits the next day.
The platform supports deposits and withdrawals of multiple cryptocurrencies: DOGE, ADA, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, USDT-ERC20, etc.
The user-friendly interface is suitable for both novice and experienced miners.
Full funds are transparent, pricing is transparent, and there are no handling or management fees.
The affiliate program allows users to earn up to 3% + 2% referral rewards.
Green and efficient infrastructure: Deployed in global green energy bases, effectively reducing operating costs and practicing environmental protection concepts.
Fund security: At GoldenMining, user funds are securely stored in a tier-one bank, and all user personal information is protected by SSL encryption. The platform provides insurance for every investment, underwritten by AIG Insurance.
Summarize
GoldenMining introduces a hybrid model that combines smart contract technology with stable passive income. This model supports environmentally friendly blockchain operations while mitigating the risks associated with price volatility. For BTC holders and broader cryptocurrency investors, it offers a new paradigm—one that combines income stability with environmental responsibility.
As market uncertainty persists, fixed-income mining contracts are likely to become a crucial component of crypto asset allocation strategies. Platforms like GoldenMining are paving the way.
For more information, please visit GoldenMining's official website: https://www.goldenmining.com
Or contact us via email: info@goldenmining.comKeep ReadingShow less
From office workers to freelancers, users around the world use GoldenMining to earn $2,500 a day
Aug 25, 2025
Have you ever thought about making money from cryptocurrency without any technical knowledge, equipment, or time commitment? It's not about speculation or scalping, but rather a more stable and simple method: cloud mining.
The GoldenMining platform is designed specifically for everyday users like you. You don't need professional background, mining equipment, or even a server. With just a mobile phone or computer and a small investment, you can automatically participate in mining mainstream cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC), with daily profits automatically deposited into your account.
Office workers, freelancers, programmers, and even those new to the crypto world can use their spare time to start their own "digital asset side hustle" on the platform.
What is GoldenMining?
GoldenMining is a platform registered in London, UK, specializing in cloud mining services. We offer a "light asset, automated, high-yield" mining model. Whether you're new to the cryptocurrency world or a seasoned online earner seeking stable returns, we can find a contract solution that's right for you.
Some users start with a small amount of capital and, combined with platform revenue, achieve daily earnings exceeding $2,500 in just a few weeks. Some report total earnings exceeding $10,000 in a short period of time.
With just a phone or laptop, and no prior experience required, you can easily earn passive income from home every day.
Why Choose GoldenMining?
Zero Technical Requirements: No need to configure mining machines or understand blockchain technology, the platform operates fully automatically.
Daily Profit Settlement: All contract profits are automatically credited daily, transparently and traceably.
Profit Reinvestment: Automatically reinvest daily profits into upgraded contracts, amplifying compound interest.
Ultra-Low Investment: Contracts range from $15 to $28,000, suitable for users of all levels.
Global Scheduling System: The system automatically captures the optimal mining pool resources for BTC, DOGE, XRP, and more.
Over 300,000 Mining Machines Online: The platform boasts a robust mining resource base, ensuring stable returns.
Future expansion to 500,000 mining machines will further enhance stability and computing power.
Contract Preview:
[Daily Sign-in Reward]: Deposit $15, 1-day contract, daily profit $0.60, total profit $15 + $0.60
[New User Contract]: Deposit $100, 2-day contract, daily profit $4, total profit $100 + $8
[Bitmain Antminer S23 Hyd]: Deposit $650, 5-day contract, daily profit $8.45, total profit $650 + $42.25
[Antminer L9 16GH]: Deposit $1500, 12-day contract, daily profit $20.25, total profit $1500 + $243
[Antminer L9 17GH]: Deposit $3500, 18-day contract, daily profit $48, total profit $3500 + $882
[Elphapex DG2: Investment: $6,000, 30-day contract, daily profit of $87, total return of $6,000 + $2,610
Elphapex DG2+: Investment: $12,500, 38-day contract, daily profit of $212.5, total return of $12,500 + $8,075
ANTSPACE HD5: Investment: $55,000, 47-day contract, daily profit of $1,056, total return of $55,000 + $49,632
For more contracts, please visit: Goldenmining platform official website:
Whether you're an employee or a freelancer, you can now find a way to earn income that's right for you with GoldenMining. Each plan offers an attractive return on investment, and GoldenMining also offers a $15 signup bonus to every user, allowing them to start mining without spending a penny.
How to start earning? Just 4 steps:
Register an account on the GoldenMining website (sign up and receive $15) for investment.
Choose a contract - Select a cloud mining contract that suits your budget and expected returns.
Deposit using cryptocurrency - Deposit in XRP, BTC, ETH, SOL, DOGE, or any other major cryptocurrency.
Activate and start earning - Once the contract is live, earnings are automatically deposited into the user's wallet without any intervention.
After activation, earnings will be displayed on the user-friendly dashboard on the GoldenMining website within 24 hours, allowing users to easily track all earnings.
Withdraw profits: Investors can withdraw using XRP, BTC, ETH, SOL, DOGE, USDC, USDT, or any other major cryptocurrency.
Fund security is guaranteed. User funds are stored in top-tier banks, using SSL encryption to protect personal information. The platform also provides AIG insurance for every investment.
GoldenMining opens the door to a world of cryptocurrency earnings for everyone—regardless of background, skill level, or free time. Whether you're looking to earn extra income, expand your investment strategy, or simply explore new avenues for wealth growth, GoldenMining has you covered.
With transparent daily payouts, flexible contract options, and a truly user-friendly experience, GoldenMining makes cloud mining not only feasible but also an effective way to preserve your assets.
If you're ready to earn cryptocurrency, visit https://www.GoldenMining.com to earn your fortune.
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Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence. (Photo: Reuters)
India’s federal investigator files fraud case against Anil Ambani
Aug 24, 2025
INDIA's federal investigator, the Central Bureau of Investigation (CBI), has registered a criminal case against tycoon Anil Ambani following a complaint from the State Bank of India (SBI) alleging fraud, the agency said on Saturday.
Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence.
According to SBI, Anil Ambani and his former telecom company Reliance Communications “misappropriated” bank funds by carrying out transactions that violated loan terms.
The bank said it suffered a loss of 29.29 billion rupees (£248.4 million) due to the actions.
The CBI said the case had been filed and that the complaint would undergo “thorough investigation”. On Saturday, the agency searched premises linked to Reliance Communications and Anil Ambani’s residence.
A spokesperson for Ambani said he “strongly denies all allegations and charges” and “will duly defend himself”.
“The complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years. At the relevant time, Ambani was a non-executive director of the company, with no involvement in the day-to-day management,” the spokesperson said.
“It is pertinent to note that SBI, by its own order, has already withdrawn proceedings against five other non-executive directors. Despite this, Ambani has been selectively singled out.”
Anil Ambani was last in the public spotlight seven years ago when Indian politician Rahul Gandhi accused him and prime minister Narendra Modi of irregularities in the Rafale jet deal with France. Both Ambani and Modi denied the allegations.
In December 2018, India’s Supreme Court rejected demands for an investigation into the jet deal, saying it did “not find any substantial material on record to show that this is a case of commercial favouritism to any party by the Indian government”.
(With inputs from agencies)
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XRP Trader Earns $17K/Day Through Ripple (XRP) Contracts
Aug 23, 2025
As one of the most prominent altcoins, XRP's greatest strength lies in its design for cross-border payments. Compared to traditional bank wires, XRP transactions are much faster, typically taking only seconds, and come with minimal fees. This makes it an ideal choice for financial institutions conducting international transfers.
Based on this feature, GoldenMining has launched contracts that support XRP mining. Users only need to use XRP to purchase contracts to join mining and receive daily income.
How to participate in XRP contracts
Choose the right contract option. The platform offers a variety of options for different budgets and investment goals. Users can easily choose the most suitable plan based on their needs and start cloud mining.
【Daily Sign-in Rewards】:Investment: $15, 1-day contract, daily profit of $0.60, total net profit of $15 + $0.60
【Daily Sign-in Rewards】:Investment: $100, 2-day contract, daily profit of $4, total net profit of $100 + $8
【Bitmain Antminer S23 Hyd】:Investment: $650, 5-day contract, daily profit of $8.45, total net profit of $650 + $42.25
【Antminer L9 16GH】:Investment: $1500, 12-day contract, daily profit of $20.25, total net profit of $1500 + $243
【Antminer L9 17GH】:Investment: $3500, 18-day contract, daily profit of $48, total net profit of $3500 + $882
【Elphapex DG2】:Investment: $6,000, 30-day contract, daily profit of $87, total profit of $6,000 + $2,610
【Elphapex DG2+】:Investment: $12,500, 38-day contract, daily profit of $212.5, total profit of $12,500 + $8,075
【ANTSPACE HD5】:Investment: $55,000, 47-day contract, daily profit of $1,056, total profit of $55,000 + $49,632
Why Choose GoldenMining
GoldenMining boasts a 24/7 online team of certified professionals specializing in cryptocurrency mining, blockchain technology, cryptocurrency finance, and security. They are always on hand to solve user problems.
Users are free from traditional constraints, eliminating the need to purchase expensive equipment and energy consumption. Simply purchase a contract on your mobile phone and start mining, with profits arriving the next day.
We support deposits and withdrawals in a variety of cryptocurrencies: DOGE, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, USDT-ERC20, and more.
The simple operation interface is suitable for every novice user as well as experienced miners.
No additional fees. The pricing is transparent and there are no handling fees or management fees.
The affiliate program allows users to earn referral rewards of up to 3% + 2%.
Green and efficient infrastructure: World-class high-performance computing facilities are deployed in global green energy bases to effectively reduce operating costs and implement environmental protection concepts.
Fund Security: At GoldenMining, user funds are securely stored in a tier-one bank, and all user personal information is protected by SSL
encryption. The platform provides insurance for each investment, underwritten by AIG Insurance Company.
About GoldenMining
GoldenMining is a platform that provides cloud computing services to users worldwide. We eliminate the tedious process of purchasing, installing, and hosting mining machines, allowing you to earn stable returns with a small investment. Our mission is to provide a seamless investment experience and professional project management for anyone interested in cryptocurrency cloud mining, regardless of their experience level.
For more information, please visit GoldenMining's official website: https://www.goldenmining.com
Or contact us via email: info@goldenmining.com
Keep ReadingShow less
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