Friday, March 13
INSPACe has granted Elon Musk's Starlink a five-year license to provide satellite-based internet services in India, marking a significant step for the company since it began targeting the Indian market in 2022. This authorization allows Starlink to utilize its Gen1 constellation over Indian territory, positioning it among the key players in India's expanding satellite broadband sector.
Elon Musk's Starlink has secured approval from India's space regulator, paving the way for commercial satellite internet services. This crucial clearance follows a telecom ministry license obtained last month, positioning Starlink as the third company authorized to operate in India, alongside Eutelsat’s OneWeb and Reliance Jio.
Stock market today: NSE Nifty ended lower by 46.40 points or 0.18 per cent at 25,476.10. The BSE Sensex dropped 176.43 points or 0.21 per cent to close at 83,536.08, after falling 330.23 points or 0.39 per cent to 83,382.28 during trading hours.
The 2025 Global Life-Work Balance Index reveals that smaller economies often outperform larger ones in supporting employee well-being. New Zealand leads the ranking, excelling in paid leave, healthcare, and safety. The US lags significantly due to limited leave policies and inclusivity, while India faces challenges in healthcare and work-life balance.
IndiGo is poised to significantly expand its long-haul fleet with a potential order for 40 more Airbus A350s, complementing its existing order of 30 A350-900s. This move aligns with IndiGo's ambitious international expansion plans, including new routes to Europe and a target of 10 additional overseas destinations by 2026.
SpaceX is reportedly preparing to raise capital through a tender offer, potentially valuing the company at $400 billion. This deal includes primary fundraising and a secondary offering for employees, driven by Starlink's success and ongoing Starship development. Despite political scrutiny surrounding Elon Musk, investor confidence remains strong, positioning SpaceX as a leading global tech firm.
Adani Power Ltd has acquired Vidarbha Industries Power Ltd for Rs 4,000 crore, increasing its operating capacity to 18,150 MW. The company plans to further expand its generation portfolio to 30,670 MW by 2030 through brownfield and greenfield projects across multiple states. This acquisition aligns with Adani Power's strategy to turnaround stressed assets and support India's 'Electricity for All' vision.
China's expanded visa-free policy, now encompassing 74 countries, has spurred a significant surge in foreign arrivals, more than doubling to over 20 million in 2024. This initiative, aimed at boosting tourism and the economy, has led to increased bookings for air travel and hotels, with tour companies experiencing substantial growth.
