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Nelco crosses first step to satcom reselling licence

Mint New Delhi

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October 02, 2025

Tata Group-owned Nelco Ltd has received the government's preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon's Kuiper and Jio Satellite, according to three people in the know.

- Jatin Grover

The company applied for a virtual network operator licence to provide global mobile personal communication by satellite service and has “received the letter of intent”, one of the persons cited above said. Once the licence is granted, it will give Nelco the option to resell satellite internet services not just in retail markets, but also for newer use cases like portable or on-the-move connectivity using third-party satellite networks, the person said.

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Kotak PE arm eyes $2 bn fund as private credit demand soars

Kotak Alternate Assets Managers Ltd is looking to raise a $2 billion fund—Kotak Strategic Solutions Fund (KSSF) III—to provide loans or structured credit to Indian companies.

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'TCS forced 2,500 staff to resign'

NITES says TCS forced to resign or abruptly removed 2,500 staff in Pune in recent weeks.

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Angel investors more likely to lose

When it comes to startup investing, Dinesh Pai, head of investments at Rainmatter and VP at Zerodha, knows the odds. Most angel or seed bets don’t work out. For him, investing isn’t about chasing the next big trend but about backing founders who obsess over solving real problems.

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We live in an age defined by knowledge. We are acutely aware of its value and importance to humanity.

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RBI eyes more trade settlements in rupee

To strengthen the rupee's global footprint, the Reserve Bank of India (RBI) on Wednesday rolled out measures to facilitate trade and investment in the Indian currency.

time to read

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Hamas indicates it is open to Trump Peace Plan as it faces pressure from Muslim nations

Hamas has indicated it is open to accepting President Trump's peace plan for Gaza but is asking for more time to review its conditions, Arab mediators said, as the militant group faces intensifying pressure from Muslim governments to agree to the Israel-backed proposal to end the devastating war.

time to read

4 mins

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Mint New Delhi

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US trade pact close, comprehensive deal to skip patents

and atomic energy, but issues such as patents and certain regulatory matters will stay outside its scope,\" said the first among the two cited above. \"It will also include services and investment flows, while addressing procedural barriers that businesses face in accessing each other's markets.

time to read

1 min

October 02, 2025

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