Jio Platforms Limited, a part of Reliance Industries, announced an exciting partnership with SpaceX on Wednesday. They will work together to offer Starlink’s super-fast internet services to people across India, especially in the countryside and remote areas.
This partnership needs approval from the Indian government for SpaceX to sell Starlink here. Just a day before, Bharti Airtel also made a similar deal with SpaceX to provide Starlink internet.
In a statement, Jio mentioned that this agreement will help them use Starlink’s technology to improve their internet services. Jio will sell Starlink equipment in its stores and online, making it easier for everyone to get access to the internet.
Jio plans to provide customer support and help with setting up Starlink services as well. The deal is part of Jio’s mission to make sure that everyone in India, whether they live in cities or remote places, can have good internet access.
“Starlink will help JioAirFiber and JioFiber by bringing fast internet to hard-to-reach areas quickly and affordably,” Jio said. The companies are also looking at more ways to work together to boost digital services in India.
Mathew Oommen, CEO of Reliance Jio Group, shared that making high-speed internet available for every Indian is their top priority. He believes that working with SpaceX is a big step towards achieving this goal.
Gwynne Shotwell, president of SpaceX, praised Jio for their efforts in improving India’s internet access. She is excited about the collaboration and the chance to bring Starlink’s fast internet to more people, businesses, and organizations in the country.
Starlink, managed by SpaceX, offers internet that can handle streaming, gaming, and video calls. It is a top provider of satellite internet services worldwide.
Author: Rasmita Jena
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Jio and SpaceX Team Up to Bring Starlink Internet to India
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India’s Stock Market Correction: A Golden Investment Opportunity!
Recently, India’s stock market saw a big drop, especially in mid-sized companies. This happened as foreign investors moved their money around, worried about high prices, less money in circulation, and worldwide market ups and downs. However, many top global analysts think this drop is a good chance for smart investors rather than something to panic over.
Experts like Christopher Wood from Jefferies, Vivek Paul from BlackRock, and Jim Walker from Aletheia Capital all agree that India is still one of the best places to invest for the long term. They pointed out that even though there are some short-term challenges, India’s economy is strong, its government policies are stable, and there are many young people, making it a great option for investors looking for growth.
What the Experts Are Saying:
– Christopher Wood: He explained that the recent drop in the market is more about technical issues—like too many shares being available—rather than serious economic problems. He believes India is still the best investment option in Asia for the long haul.
– Vivek Paul: He noted that while some investors are worried, the prices of big Indian companies are quite reasonable when you think about how much money they could make in the future. He believes this is a great time to buy stocks, especially because the market is changing quickly, offering both risks and chances.
– Jim Walker: He focused on how India has a strong government and good economic policies. He believes India is better positioned than many advanced countries right now, which could spell great opportunities for investors as the economy grows.
Conclusion: This recent drop is seen as just a small bump in the road, not a big problem. Factors like a weaker US dollar, potential easing by the Reserve Bank of India (RBI), and strong government policies suggest that now is a perfect time for long-term investors to consider buying into India’s economy. As Jim Walker said, “This is the time to really invest in India.”
(Disclaimer: The views and suggestions from these experts are their opinions and do not represent Thellv.news)
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Airtel Partners with SpaceX: Boosting Internet Access in India
On Wednesday, Bharti Airtel made exciting news! The company has signed a deal with SpaceX, the company owned by Elon Musk, to provide Starlink’s high-speed internet to people in India. This is big news because Airtel has had some disagreements with Starlink in the past about how much they should pay to use their service.
What’s even more interesting is that Airtel owns a large part of a rival company called Eutelsat OneWeb, which already has the go-ahead to operate in India. OneWeb is waiting to get permission to use the radio waves it needs to provide services.
Airtel’s Managing Director, Gopal Vittal, said this partnership with SpaceX is a huge step forward and shows that Airtel wants to improve internet access. He believes that with Starlink’s help, they can provide fast and affordable internet to even the most remote areas of India, helping people, businesses, and communities stay connected.
However, to start offering Starlink’s services, Airtel needs to get the necessary approvals from the Indian government. This collaboration will also look into ways to sell Starlink equipment at Airtel stores, connect rural areas, schools, and hospitals, and improve Airtel’s internet network using SpaceX’s technology.
Starlink is known for giving fast internet by using a network of satellites flying low in space. This allows users to enjoy activities like streaming movies, playing games, and making video calls without any hassle.
In the past year, Airtel’s stock has risen by 38.97% and has done better than many others in the same industry. Over the last three years, its stock has given a whopping 139.33% return.
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Stock Market Analysis: IndusInd Bank, PC Jewellers, & Mold-Tek Insights
On Tuesday, the Sensex, a major stock index in India, bounced back a little after a rough day in the markets. Even though there was a lot of trading ups and downs, IndusInd Bank saw a huge drop of 27%. This came as global markets fell, mainly due to worries about a possible recession in the US.A few stocks caught the spotlight:
– IndusInd Bank dropped 27%.
– PC Jewellers rose by 0.8%.
– Mold-Tek saw a small increase of 0.2%.Here’s what Viral Chheda, a Senior Analyst at SSJ Finance and Securities, thinks investors should do with these stocks when trading resumes today:
– IndusInd Bank: After trading between 926 and 1100 for four months, the price has fallen sharply to around 667. This week alone, it’s down about 30%. The stock looks weak and could drop further, possibly reaching 600 to 550. If you own this stock, it’s best to sell if the price goes up a little. The indicators show it might go down more, so stay away from buying it.
– PC Jewellers: After reaching a 52-week high of 19.30 in December 2024, the stock fell to a low of about 10.30. That’s roughly a 47% drop. Currently, the stock is showing some signs of recovery, moving above its important averages, which is promising. It could face resistance at 15, but if it breaks past that, it might climb to 18-20. Buying at the current price or on dips (around 11.50) with a stop loss at 10 is a good strategy, as it could rise to 16-19 in 10-12 months.
– Mold-Tek Packaging: After hitting a high of 1100 in July 2023, the price sharply fell to about 422, marking a 62% drop. It has reached a three-year low and is forming a pattern that could indicate further declines unless it stays above 430. If it drops below that, it could slide to 400-370. However, if it climbs past the 520-550 range, it could go up to 650-750. This stock looks good for the long term and can be bought at lower prices. Buying now or at around 435 with a stop loss of 425 could lead to gains of 550-650 in 6-8 months.
(Disclaimer: The opinions given by the experts are their own and do not reflect those of Thellv.news)
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Oil Prices Edge Up Amid Economic Concerns and Tariff Impact
Oil prices went up a little early on Wednesday. The weaker dollar helped with this, but worries about the U.S. economy slowing down and the effects of tariffs kept the price jumps small. Brent oil was up by 27 cents, reaching $69.83 per barrel, while U.S. West Texas Intermediate crude oil increased by 29 cents to $66.54 per barrel.
Even with worries about the economy, oil prices remained strong, according to Daniel Hynes, a senior expert at ANZ. This shows that people are still wanting a lot of oil for now. A lower dollar value means oil looks cheaper for buyers using other types of money.
However, U.S. stock prices fell again, causing one of the biggest sell-offs in a while. Investors are nervous because of higher tariffs on imports and unhappy consumer feelings. President Trump’s trade policies have made international markets shaky. He has put tariffs on major oil suppliers like Canada and Mexico, and raised duties on China, which led China to respond back.
Over the weekend, Trump said there might be a transition period ahead and didn’t rule out a possible U.S. recession. On the production side, U.S. oil output is expected to reach a record high this year, averaging 13.61 million barrels per day, according to the U.S. Energy Information Administration.
Investors are waiting for updates on inflation in the U.S., which comes out on Wednesday, to see how it may affect interest rates. They are also watching what OPEC+ plans to do next. OPEC+ announced it might increase oil production in April. In the U.S., oil stockpiles went up by 4.2 million barrels in the week ending March 7, according to figures cited by the American Petroleum Institute. More government data on U.S. oil stockpiles is also expected this Wednesday. -
PCB Files Complaint Over Trophy Ceremony Snub in Champions Trophy Final
The Pakistan Cricket Board (PCB) has officially complained to the International Cricket Council (ICC). This happened after there was a problem during the final of the Champions Trophy, where their COO, Sumair Ahmed, was not invited to the trophy presentation ceremony.
In the final match held in Dubai, India beat New Zealand to win the Champions Trophy for the third time. Since PCB chairman Mohsin Naqvi was not at the match, Sumair went instead as their representative. However, the ICC did not call him to the stage, ignoring his presence completely.
During the ceremony, BCCI president Roger Binny gave white jackets to the Indian players and handed out medals. Meanwhile, ICC chairman Jay Shah presented the trophy to Indian captain Rohit Sharma and awarded the winning team.
A PCB official said, “We’ve filed a complaint because what happened is unacceptable.” However, the ICC is unlikely to give a formal response to the PCB. According to ICC sources, protocols led to Sumair being left out. They explained that only certain high-ranking officials are usually invited on stage, and since Sumair is not a top office-holder, he was not included.
The PCB finds this explanation unreasonable and has called for an official public clarification. They believe that being ignored was disrespectful to Pakistan, the host nation.
They are waiting for an apology and assurance that such treatment won’t occur again, warning that they may take the matter to the Board of Governors if necessary.
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Manipur Receives Rs 500 Crore Fund for Financial Support and Recovery
In a big move to help the troubled state of Manipur, Finance Minister Nirmala Sitharaman announced on Tuesday that the government is setting up a special fund of Rs 500 crore. This money will be used as a safety net for emergencies in Manipur. She made this announcement while talking about various financial demands and budgets in the Lok Sabha, India’s lower house of Parliament. This new fund aims to strengthen Manipur’s finances and support its recovery.
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Robert Pattinson and Zendaya: A Behind-the-Scenes Help Moment!
In a surprising moment, Robert Pattinson turned to Zendaya for help with a tough scene that was making him feel really stressed. They will both be in a new movie called The Drama, which tells the story of a couple facing surprising challenges just before their wedding.
Pattinson’s Struggles:
Pattinson was struggling with a scene he couldn’t understand. He said, “I kept writing and trying to find out what it meant, but nothing worked.” So, he called Zendaya the night before they were supposed to film. He shared all his worries with her for about two hours. She calmly helped him see that the lines in the script simply meant what they said—there was no deep hidden meaning.Emotional Challenges:
This isn’t the first time Pattinson has faced difficulties while acting. He once shared that filming another movie, Die, My Love, nearly made him have a mental breakdown. He found those dance scenes really hard because he felt like he couldn’t keep up with good dancers like Jennifer Lawrence. He laughed about how nervous he was, saying, “I was sweating so much, I thought I was going to fall apart!”Upcoming Releases:
Both The Drama and Die, My Love are set to come out this year, but release dates haven’t been announced yet. -
Last Chance to Register for NCC Special Entry in Indian Army!
The Indian Army will stop accepting applications for the NCC Special Entry Scheme on March 15, 2025. If you want to apply and meet the requirements, head over to the official website at joinindianarmy.nic.in.
Job Openings:
1. NCC Men: 70 positions
2. NCC Women: 6 positionsWho Can Apply?
Check the educational requirements in the Detailed Notification available on the website.Age Requirement:
To apply, you need to be between 19 to 25 years old as of July 1, 2025. This means you should be born between July 2, 2000, and July 1, 2006.Probation Period:
New officers will have a six-month probation. If they don’t meet the standards during this time, their service may end.How Selection Works:
1. Your application will be reviewed to shortlist candidates.
2. You will receive an email about your selection center.
3. After that, you can log in online and choose your SSB dates.
4. Only those who are shortlisted will go to the SSB for further assessment.If you are selected and medically fit, you will get a joining letter for training based on your rank.
How to Apply:
1. Go to the Indian Army’s website at joinindianarmy.nic.in.
2. Click on the “Officer Entry Application/Login” link.
3. A new page will open; choose “register”.
4. Fill out the application form and submit it.
5. Download the confirmation page for your records.Once you submit your application, you cannot change any details. There will be no exceptions!
For updates and more information, check the official Indian Army website.
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EU Aims to Strengthen Defence Spending Amid Rising Tensions
On Tuesday, European Union president Ursula von der Leyen urged EU countries to spend more on their defence. She warned that with Russia being more aggressive and support from the United States declining, Europe needs to take charge of its own security.
In a speech to EU lawmakers in Strasbourg, von der Leyen declared that the era of depending on America for complete protection is over. She demanded immediate action, saying, “We need a surge in European defence. And we need it now.”
Recently, EU leaders agreed on a plan to raise around 800 billion euros (about 860 billion dollars) to boost defence spending. The plan includes providing loans up to 150 billion euros and changing rules to let countries spend more on defence items.
Von der Leyen emphasized that these loans should be used to strengthen Europe’s defence industry. “These loans should finance purchases from European producers,” she mentioned.
The rising tensions with Russia, particularly due to the ongoing Ukraine conflict, add to the urgency. Because the US’s role in NATO is uncertain, European governments feel pressure to enhance their military capabilities.
In her speech, von der Leyen said, “Russian President Vladimir Putin cannot be trusted but only deterred.” She added that Russia spends more on its military than all of Europe combined.
“This is the time to build a European Defence Union that ensures peace through unity and strength,” she stated confidently.
Additionally, the commission is looking into allowing member states to use funds originally meant for less wealthy countries to support their defence efforts. A summit in Brussels next week will continue these discussions, with plans for a white paper that outlines more ways to boost EU defence financing.
In the EU parliament debate, many lawmakers supported the idea of borrowing together for more defence funding, a move previously avoided by countries like Germany.