Business

After Bharti Airtel, Reliance Jio Signs Agreement with SpaceX for Starlink Internet Services

Published

11 months ago

March 13, 2025

Jio Platforms Limited, owned by Mukesh Ambani, announced on Wednesday that it has entered into a partnership with SpaceX, the company founded by Elon Musk, to introduce Starlink’s internet services in India. This announcement comes just a day after Bharti Airtel revealed a similar agreement.

“This deal, contingent upon SpaceX obtaining the necessary authorizations to operate Starlink in India, allows Jio and SpaceX to investigate how Starlink can enhance Jio’s services and how Jio can support SpaceX’s direct offerings to both consumers and businesses,” the company stated in an official release.

Jio Platforms Limited plans to provide Starlink solutions through its retail outlets and online platforms. This collaboration will leverage Jio’s extensive footprint as the world’s largest mobile operator by data traffic and Starlink’s expertise in low Earth orbit satellite technology to deliver dependable broadband connectivity throughout India, including its most isolated and rural regions.

“Jio will offer Starlink equipment in its retail locations and will also create a system to assist with customer service installation and activation. Our partnership with SpaceX underscores our dedication to making reliable internet accessible to all enterprises, including small and medium businesses, as well as communities nationwide,” the company added.

Reliance Jio Group CEO Mathew Oomen remarked, “Our collaboration with SpaceX to bring Starlink to India reinforces our commitment and marks a pivotal step toward achieving seamless broadband connectivity for everyone. By incorporating Starlink into Jio’s broadband ecosystem, we are broadening our reach and improving the reliability of high-speed internet in this AI-driven age, empowering communities and businesses throughout the country.”

Gwynne Shotwell, President & COO of SpaceX, stated, “We commend Jio’s dedication to enhancing connectivity in India. We look forward to collaborating with Jio and obtaining authorization from the Government of India to provide wider access to Starlink’s high-speed internet services for individuals, organizations, and businesses.”

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

1 week ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.

Business

Chicken Prices Remain Stable in Local Markets

Published

2 weeks ago

January 27, 2026

Namma Kudla

Chicken prices remained stable in local markets today.Traders said there was no major change in rates.Consumers continued to make regular purchases.

Boneless chicken is priced at ₹210 per kilogram.Regular chicken is available at ₹160 per kilogram.Chicken liver is being sold at ₹120 per kilogram.

Country chicken is priced higher due to demand.It is selling at ₹360 per kilogram.Live chicken is available at ₹130 per kilogram.

Skinless chicken is priced at ₹200 per kilogram.Vendors said supply is sufficient in the market.They expect prices to remain steady in the coming days.

Customers expressed satisfaction with the current rates.Market officials said there is no shortage of chicken.

Business

Gold Prices Edge Up in India on January 19, 2026

Published

3 weeks ago

January 19, 2026

Namma Kudla

Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.