Skip to content
Search

Latest Stories

Musk’s Starlink partners with Airtel for India expansion

The pact will allow the US satellite internet giant to use Airtel’s retail store network to distribute its devices throughout India

Elon Musk  and Narendra Modi (right)

ELON MUSK’S Starlink has signed a deal with India’s No. 2 telecoms company, Airtel, to bring Starlink’s internet services to the world’s most populous country, intensifying rivalry with fellow billionaire Mukesh Ambani’s telecom firm Reliance Jio.

The pact will allow the US satellite internet giant to use Airtel’s retail store network to distribute its devices throughout India, and is conditional upon Starlink obtaining government approval to begin operations in the country.


Airtel said on Tuesday (11) the companies will look at using each other’s network infrastructure to enhance coverage, but didn’t provide details. Airtel will also explore offering Starlink services to its business and other customers.

The Starlink announcement comes weeks after India’s prime minister, Narendra Modi, met Elon Musk in Washington where they discussed issues including space, mobility, technology and innovation.

Starlink, which has long wanted to launch in India, has clashed recently with Ambani’s telecom firm Reliance Jio over how the country should grant spectrum for satellite services.

Reliance had urged an auction, but the Indian government sided with Musk, who wanted it to be allocated administratively, in line with global trends. Analysts said an auction, requiring much more investment, would likely deter foreign rivals.

Ambani has been worried that his telecom company, which spent $19 billion (£14.6bn) in airwave auctions, risks losing broadband customers to Starlink and potentially even data and voice clients later.

Airtel has a similar distribution agreement with global satellite group Eutelsat, where its parent entity owns a stake.

Eutelsat’s OneWeb and Reliance Jio have already won approvals from India’s space regulator to launch commercial satellite broadband services in the country.

More For You

UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy grew 0.7 per cent in Q1 2025, fastest in a year

THE UK economy expanded at its fastest pace in a year during the first quarter of 2025, driven by a rise in home purchases ahead of a tax deadline and higher manufacturing output before the introduction of new US import tariffs.

Gross domestic product rose by 0.7 per cent in the January-to-March period, the Office for National Statistics (ONS) said, confirming its earlier estimate. This was the strongest quarterly growth since the first quarter of 2024.

Keep ReadingShow less
Rosneft in early talks to sell India refinery stake to Reliance

Reliance Industries chairman Mukesh Ambani (Photo: Getty Images)

Rosneft in early talks to sell India refinery stake to Reliance

RUSSIAN oil major PJSC Rosneft Oil Company is in early discussions with Reliance Industries to sell its 49.13 per cent stake in Nayara Energy, an Indian energy company that operates a 20-million-tonnes-per-year oil refinery and 6,750 petrol pumps, sources familiar with the matter said.

The deal, if finalised, would see Reliance overtake state-owned Indian Oil Corporation (IOC) to become India’s largest oil refiner. It would also provide Reliance with a significant expansion in fuel retailing, where it currently holds a relatively small presence.

Keep ReadingShow less
modi-trump-getty
Trump shakes hands with Modi during a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Key issues in India, US trade talks

TRADE talks between India and the US have hit a roadblock over disagreements on duties for auto components, steel and farm goods, Indian government sources said to Reuters, dashing hopes of reaching an interim deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

Here are the key issues at play:

Keep ReadingShow less
Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less