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With DoT approval, Starlink to begin infra investments

Financial Express Kolkata

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May 09, 2025

The Next Steps

- URVI MALVANIA

FOLLOWING THE RECEIPT of a letter of intent (LoI) from the department of telecommunications (DoT), SpaceX — the parent company of satellite internet provider Starlink — is set to begin the process of investing in satellite communication (satcom) infrastructure in India, sources said.

With the LoI secured, SpaceX is now authorised to start building ground infrastructure, including earth stations and gateways — critical components that support satellite-based broadband services. These facilities serve as communication hubs, linking Starlink's orbiting satellites with the terrestrial internet backbone to deliver high-speed connectivity across vast areas, particularly in remote and underserved regions.

MEER VERHALEN VAN Financial Express Kolkata

Financial Express Kolkata

Trade deal stalled as Modi didn’t call Trump: US Commerce Secy

ATRADE PACT between India and the United States stalled last year because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump ahead of a deal, US Commerce Secretary Howard Lutnick said on Friday.

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Major reforms expected in customs procedures

AS FINANCE MINISTER Nirmala Sitharaman is set to present the Union Budget for FY27 in Parliament on February 1, industry stakeholders and tax experts are expecting significant reforms in the customs procedures, particularly the simplification of the special valuation branch (SVB) process.

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January 10, 2026

Financial Express Kolkata

Fx reserves drop $9.8 bn, biggest dip in 14 months

FOREIGN EXCHANGE RESERVES recorded their biggest weekly drop in 14 months as the Reserve Bank of India (RBI) sold dollars to support a weakening rupee, analysts said.

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January 10, 2026

Financial Express Kolkata

RBI guv: Regulators and regulated are in the same team

RESERVE BANK OF India (RBI) governor Sanjay Malhotra on Friday said digitalisation is transforming the financial system, demanding agility and collaboration in regulation and supervision.

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January 10, 2026

Financial Express Kolkata

Govt's AGR lifeline to lift Vi's funding prospects

Telco gets 10-yr moratorium

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January 10, 2026

Financial Express Kolkata

Pension funds may directly invest in infra

ASSETS UNDER MANAGEMENT under NPS for the government sector and the nongovernment sector stood at around ₹16 lakh crore as on November 30, 2025.

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January 10, 2026

Financial Express Kolkata

Bain’s Manappuram deal faces delay as RBI objects

SEBI, COMPETITION COMMISSION HAVE ACCORDED APPROVALS

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Financial Express Kolkata

Trump cancels 2nd wave of attacks on Venezuela

US PRESIDENT DONALD Trump said he had canceled a second wave of attacks on Venezuela following cooperation from the South American nation.

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January 10, 2026

Financial Express Kolkata

EV sales momentum to slow down in 2026

CHINA'S RETAIL SALES of newenergy vehicles (NEVs) are set to expand at a slower pace this year as government-backed trade-in subsidies are gradually phased out, removing a key pillar of support for the world's biggest auto market.

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1 min

January 10, 2026

Financial Express Kolkata

Gifting of MF units to minors will not lower tax liability

YOUR QUERIES: INCOME TAX

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2 mins

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