India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Airbus, Thales, and Leonardo are planning Project Bromo, a joint space company to compete with Starlink. This initiative aims to consolidate European satellite assets into a single entity, creating a new satellite champion modeled on MBDA. The proposal comes amid impending job cuts and challenges in Europe's space sector. Airbus, Thales, and Leonardo are in discussions to form a new joint space company, dubbed 'Project Bromo,' aimed at rivaling Elon Musk's Starlink. This ambitious plan seeks to establish a standalone European satellite powerhouse, modeled after the successful MBDA missile firm. Currently at an early stage, the collaboration plans to consolidate satellite assets into a new company rather than one partner purchasing assets from others. The move reflects an effort to address losses and bolster Europe's competitiveness in low Earth orbit satellite production, traditionally dominated by Starlink's rapid expansion. Amidst these developments, Airbus is set to announce 2,500 job cuts in its Defence and Space division, while Thales discusses reducing space-related positions. This restructuring signals a significant transition in the European space industry as it grapples with financial pressures and evolving market dynamics.
NEW DELHI: The UK has joined Eutelsat's 1.5 billion euro (nearly $1.8 billion) capital raise, where Bharti Space is committing 150 million euro ($176 million), in a move that arms the European satellite operator with added muscle to challenge Elon Musk's Starlink in the satcom business.The UK has committed to subscribe to the Reserved Capital Increase (RCI) and the rights issue for a total amount of 163.3 million euro ($191 million).Topping up the commitments from the French government and other investors (Bharti Space's 150 million euro), the UK's latest move now pushed up the warchest to 1.5 ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
NEW DELHI: India on Wednesday offered the indigenous Akash air defence missile system to Brazil, even as the two countries decided to bolster their defence cooperation as well as explore opportunities for co-development and co-production of weapon systems and platforms.The progress of ongoing defence-related bilateral initiatives, with identification of priority areas for joint work, was reviewed in the meeting between defence minister Rajnath Singh and visiting Brazilian vice president Geraldo A ...Read More >
New Delhi: India's satellite internet story is slowly picking up pace, and this time it's coming from the hills of Meghalaya. The state government has signed a Letter of Intent with Starlink India to test satellite broadband in remote regions. The pilot will focus on areas like education, healthcare, disaster response, and local economic activity. At the same time, discussions are moving at the central level as well. Senior executives from SpaceX recently met telecom minister Jyotiraditya Scindia, even as approvals for commercial rollout are still pending. Things are moving, just not very fas ...Read More >
CoinEx Charity's Starlink Program, under its "Bridge to Hope" initiative, has launched its first Starlink unit in the Philippines, aiming to bring high-speed satellite internet to remote areas. The first deployment in EB Magalona, Negros Occidental, enhances access to education, economic opportunities, and essential services. Mayor Marvin Malacon highlighted plans for educational seminars on blockchain and cryptocurrency. CoinEx Charity, established in 2022, focuses on global charitable efforts, while CoinEx, a leading crypto exchange, offers user-friendly trading services to over 10 million u ...Read More >
New Delhi: Airbus has appointed Jurgen Westermeier as the President and Managing Director for India and South Asia. The appointment of 53-year-old Jurgen, currently the Executive Vice-President and Chief Procurement Officer at Airbus, will be effective from September 1, the aircraft maker said in a release on Wednesday. He will succeed Remi Maillard, who will become Executive Vice-President Engineering for Commercial Aircraft and Head of Technology at Airbus. India is a key market for Airbus, ...Read More >
New Delhi: In a major development, Starlink has received final regulatory approval to launch its commercial broadband services in India. The Indian National Space Promotion and Authorization Centre (IN-SPACe) has given an important approval to Elon Musk's satellite internet service. Starlink has now become the third satcom operator after Bharti-backed Eutelsat OneWeb and the Reliance Jio-SES joint venture, to receive all the necessary clearances for operating in the Indian market. Starlink's Gen 1 low-Earth orbit (LEO) satellite constellation, which comprises 4,408 satellites capable of deliv ...Read More >
Shillong (Meghalaya) [India], April 1 (ANI): The Government of Meghalaya has signed a Memorandum of Understanding (MoU) with Starlink India to enhance internet connectivity across the state, particularly in remote and difficult terrains. Sharing the development in a social media post, Chief Minister Conrad K Sangma said the agreement marks a significant step towards bridging connectivity gaps in the region. "Glad to witness the MoU Signing between Government of Meghalaya and Starlink India. Over the past 8 years, we have strengthened infrastructure, embraced technology, and improved governan ...Read More >
NEW DELHI (AP) -- India has granted a key license to Elon Musk's Starlink, bringing the satellite provider a step closer to launching its commercial internet services in the country, a top Indian government official said on Friday. "Yes. License has been granted," said the official with direct knowledge of the matter at the department of telecommunications. The official declined to be identified because the information isn't public. ...Read More >
New Delhi, July 2: Starlink, the satellite internet service owned by Elon Musk, officially launched its services in Sri Lanka on Wednesday. With this launch, Sri Lanka has become the third country in South Asia -- and another of India's neighbours -- after Bhutan and Bangladesh to get access to Starlink's internet services. The announcement was made by Starlink on social media platform X, where the company said: "Starlink's high-speed, low-latency internet is now available in Sri Lanka!" Starlink is getting closer to launching its services in India. Last month, the company received a key lice ...Read More >
New Delhi: Airbus has appointed Jürgen Westermeier as the President and Managing Director for India and South Asia, effective September 1, 2025. Currently the Executive Vice-President and Chief Procurement Officer at Airbus, Jürgen will succeed Rémi Maillard who will become Executive Vice-President Engineering for Commercial Aircraft and Head of Technology at Airbus. In his new role, Jürgen will spearhead Airbus' business in India and South Asia, across Commercial Aircraft, Defence and Space, and Helicopters. He will be responsible for commercial aircraft sales and for expanding the company's ...Read More >
BENGALURU, India, Dec. 16, 2025 /PRNewswire/ -- Thales, in partnership with SFO Technologies, has taken a significant step forward in supporting India's strategic vision for self-reliance in defence manufacturing. The latest contract, awarded for the production of high-value, technically advanced complex wired structures of the RBE2 AESA Radar of the Indian Rafale, reinforces SFO Technologies' long-standing expertise and enduring partnership with Thales across multiple major programmes. This first order marks an important milestone in Thales' Make in India strategy for the localisation of adv ...Read More >
Manipur Starlink: The forensic reports are being tallied by the state and the Centre A Starlink dish and router recovered by the security forces from insurgents in Manipur are non-functional and incompatible in the state bordering Myanmar, sources in the central intelligence agencies have said based on their investigation. "The devices had definitive markings of Starlink, but when we got it examined, we came to know that it is not compatible in this region," a senior officer told NDTV, requesting anonymity. The army handed over the device to the Department of Telecommunications and the Mini ...Read More >
New Delhi [India], June 6 (ANI): Elon Musk-owned satellite internet company Starlink has been given license by the government to launch GMPCS (Global Mobile Personal Communication by Satellite) services, VSAT Services and ISP Category-A under unified license. Starlink is the third company to receive the nod for GMPCS sevices from the Department of Telecom, after OneWeb and Reliance Jio. Global Mobile Personal Communication by Satellite (GMPCS) license authorizes the use of satellite technology for global mobile communication, providing connectivity seamlessly in the entire area of operation, ...Read More >
Kolkata: Once heavily dependent on imports, India's defence sector is poised to emerge as a global supplier, riding on a plethora of policy reforms, investments and industrial capabilities. With NATO announcing that its member nations will raise defence expenditure to 5% of GDP by 2035, there is a growing optimism in India about making it big in the export of military hardware in the developed world. One of the bright spots is the achievement of Reliance Defence, which has grabbed an export order of Rs 600 crore from Germany's major defence manufacturer Rheinmetall Waffe Munition GmbH. Relian ...Read More >
NEW DELHI: Starlink, led by Elon Musk, has received a Global Mobile Personal Communication by Satellite (GMPCS) license in India, allowing the company to begin offering broadband services in the country. It is the third company to receive such a license from India's Department of Telecommunications, following approvals granted to Eutelsat's OneWeb and Reliance Jio. This development marks the formal entry of Elon Musk, the world's richest man, into India's communications services sector. Starlink has been attempting to enter the Indian satellite communications market since 2021 but had not pr ...Read More >
Shillong (Meghalaya) [India], April 1 (ANI): The Government of Meghalaya has signed a Memorandum of Understanding (MoU) with Starlink India to enhance internet connectivity across the state, particularly in remote and difficult terrains. Sharing the development in a social media post, Chief Minister Conrad K Sangma said the agreement marks a significant step towards bridging connectivity gaps in the region. Also Read | War Lockdown Notice PDF Goes Viral on WhatsApp; It Is an April Fools' Day Hoax. "Glad to witness the MoU Signing between Government of Meghalaya and Starlink India. Over the ...Read More >
Shillong, April 2: Meghalaya Chief Minister Conrad K Sangma on Wednesday said the State government is taking major steps to enhance digital connectivity through its collaboration with Elon Musk-owned Starlink. Meghalaya has seen credible transformation through technology, and "we are hopeful that this collaboration will help us reach the remotest corners of our State and make a real difference in people's lives," Sangma said in a post on micro blogging website. The CM said he was glad to witness the MoU signing between the Meghalaya government and Starlink India. "Our partnership to introdu ...Read More >
New Delhi, Apr 2 (PTI) Bharti Airtel has become world's second largest telecom operator with 650 million subscribers, the company said on Thursday citing GSMA data. According to GSMA Intelligence, Bharti Airtel is ranked second globally by mobile customer base, with operations spread across India and Africa, the company said in a statement. "...we will strive to raise the bar on innovation, reliability, and experience so that every customer interaction is an opportunity to earn trust and deliver value connection," Gopal Vittal, Executive Vice Chairman, Bharti Airtel, said. A company spokesp ...Read More >
Nagpur: After the move to make Falcon 2000 business jet at Nagpur, Anil Ambani-led Reliance Infrastructure on Tuesday announced plans to set up a maintenance, repair and overhaul (MRO) depot for military aircraft and equipment at Mihan-SEZ here. If this plan works out, this would be the third MRO in Nagpur and first catering to defence sector. Reliance Defence -- Reliance Infrastructure's wholly owned subsidiary -- has tied up with the US's Coastal Mechanics Inc (CMI). It eyes massive business through life cycle extension orders for some of the ageing fleet of the Indian Air Force (IAF). Relia ...Read More >
New Delhi [India], July 9 (ANI): Earth intelligence is emerging as a transformative growth area, poised to generate nearly USD 20 billion in direct revenue for technology and service providers between 2025 and 2030, according to a recent report by Gartner. The report expects that the annual revenue from Earth intelligence is expected to surpass USD 4.2 billion by 2030, up from nearly USD 3.8 billion in 2025. Also Read | Bihar Becomes West Bengal in NITI Aayog Map; CM Mamata Banerjee Demands Apology, Immediate Correction. Gartner defines Earth intelligence as the application of AI to Earth o ...Read More >
NEW DELHI: In a move that will make the Indian market more competitive for affordable satellite-based internet services, the country's space regulator and promoter Indian National Space Promotion and Authorisation Centre (IN-SPACe) has granted authorisation to Elon Musk's satcom venture Starlink Satellite Communications Private Ltd for providing satellite communication services.With this authorisation, Starlink has cleared the final hurdle for launch of services in India. Earlier, the company had received a licence to offer satellite services in India from the Department of Telecom (DoT) on Ju ...Read More >
New Delhi [India], June 6 (ANI): Elon Musk-owned satellite internet company Starlink has been given license by the government to launch GMPCS (Global Mobile Personal Communication by Satellite) services, VSAT Services and ISP Category-A under unified license. Starlink is the third company to receive the nod for GMPCS sevices from the Department of Telecom, after OneWeb and Reliance Jio. Also Read | Bharat Electronics Limited, Tata Electronics Sign MoU To Develop Indigenous Electronics and Semiconductor Solutions, Meet Domestic Requirements. Global Mobile Personal Communication by Satellite ...Read More >
New Delhi: Just like we can see everything easily even in the dark by lighting a bright torch, Indian Army is going to get a 'sky torch' to do something similar. After Operation Sindoor, its need is also being felt for monitoring the enemy's territory. By the way, this time also we did surveillance from the sky but India's preparation is even bigger now. Keeping in mind the defense preparations of its armed forces, India is preparing to launch 52 dedicated satellites. This is part of the process of finalizing a comprehensive military space doctrine. The third phase of the Space Based Surveil ...Read More >
New Delhi, July 3 (SocialNews.XYZ) The Indian National Space Promotion and Authorisation Centre (IN-SPACe) is currently evaluating the approval process for Elon Musk's affordable satellite-based internet service Starlink, which is likely to roll out in the country in a few months. Reliable sources told IANS on Thursday that "the authorisation is still under evaluation" at the space regulator's end for Starlink services in the country. IN-SPACe, however, did not immediately comment on the status of the authorisation process, whether it has reached an advanced stage. IN-SPACe Chairman Dr Pawa ...Read More >
New Delhi: Inside a heavily guarded defense complex in Islamabad, two delegations met behind closed doors. Flags of Pakistan and Turkey stood side by side. No ceremony. No speeches. But the message was loud. A major defense agreement has taken shape between the two nations. One that involves cutting-edge drones, classified surveillance data and a quiet alignment of military strategies. The deal runs deep. Turkey will send Pakistan its combat-tested Bayraktar TB2 drones. Alongside them, the more powerful Akinci drones. Both built for precision, speed and destruction. The deal is worth $900 mi ...Read More >
NEW DELHI: Non-fossil fuel sources now make up half of India's power generation capacity of 484.8 GW (gigawatt), a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in the Paris climate agreement."In a world seeking climate solutions India is showing the way," renewable energy minister Pralhad Joshi said in a post on X on Monday, crediting the progress to PM Modi's stewardship of "Bharat's green transformation towards a sustainable future".Modi has been pushing clean energy since taking over country's reins in 2 ...Read More >
NEW DELHI - In a long-awaited move, Elon Musk's Starlink has secured the license from India's Department of Telecommunications (DoT) to launch commercial satellite internet services nationwide. This green light makes Starlink the third company to get approval for satellite-based communications in India, after Eutelsat's OneWeb and Reliance Jio. The decision follows years of talks and comes after Starlink agreed to meet India's strict security requirements, which were reportedly discussed directly between Elon Musk and Prime Minister Narendra Modi earlier this year in the United States. India ...Read More >
Srinagar- Chief Minister Omar Abdullah on Monday inaugurated a buyer-seller meet here to empower local artisans and boost the economy. "The Chief Minister inaugurated the Buyer-Seller Meet at SKICC today. The initiative aims to empower artisans and strengthen the local economy by creating direct market linkages and promoting local products. The meet is hosting 15 international and 30 national buyers," Omar posted on his official X handle. Talking to reporters later, Omar said the effectiveness of the meet would only be known by year end. "One buyer-seller meet would not solve the problems. ...Read More >
India's space agency ISRO has set ambitious goals. Indians will land on the Moon by 2040. The Gaganyaan human spaceflight mission is planned for 2027. A national space station is expected by 2035. Several uncrewed missions will precede the crewed Gaganyaan flight. These developments signal India's growing prowess in space exploration. Ranchi: ISRO chairman V Narayanan on Wednesday said the space agency has set a target of landing Indians on the Moon by 2040, while its maiden human spaceflight mi ...Read More >