logo
Jyotiraditya Scindia meets SpaceX president, calls satcom India's next connectivity frontier

Jyotiraditya Scindia meets SpaceX president, calls satcom India's next connectivity frontier

Time of India3 days ago

Communications Minister Jyotiraditya Scindia met with SpaceX officials, including Gwynne Shotwell, to explore collaboration opportunities in satellite communications. Starlink, having received a satcom license, aims to support India's digital ambitions. The company awaits further approvals and spectrum allocation to begin offering broadband-from-space services, joining Eutelsat OneWeb and Reliance Jio-SES in the growing satcom market.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Terming satcom as India's next frontier in connectivity, Communications Minister Jyotiraditya Scindia on Tuesday met top officials at Elon Musk-owned SpaceX to discuss opportunities for collaboration to power the country's digital ambitions through transformative satellite technologies Starlink , which has been granted a satcom licence by the government, called it a great start to the journey.'Had a productive meeting with Ms. @Gwynne_Shotwell, President & COO of @SpaceX, on India's next frontier in connectivity,' Scindia said on social networking site X.He said they delved into opportunities for collaboration in satellite communications to power Digital India 's soaring ambitions and empower every citizen across the country.'…satellite technologies are not just relevant, they're transformative. Ms. Shotwell appreciated the licence granted to @Starlink, calling it a great start to the journey,' Scindia said.Starlink is the satcom brand of Elon Musk-owned SpaceX.Earlier this month, Starlink became the latest entrant in the country's nascent but growing satcom market. The US major has become the third player to get a Global Mobile Personal Communication by Satellite (GMPCS) permit, needed to offer commercial broadband-from-space services. Bharti Group-backed Eutelsat OneWeb and the Reliance Jio-SES satcom joint venture are the first two.The US company now also needs to get approval from space regulator Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch services. With the company having provided all the details needed for clearance, the approval is expected shortly.The Department of Telecommunications (DoT) is likely to issue trial spectrum to the company in the coming days. Once the spectrum is allocated, Starlink must demonstrate all compliances, including those related to security conditions, to the government.US firm Amazon Kuiper is the only other company currently awaiting approval for a satcom permit. The Jeff Bezos-owned company has written to DoT seeking expedited approval.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Apparel retailers reset their summer calendar with early end-of-season sales as consumer spending cools
Apparel retailers reset their summer calendar with early end-of-season sales as consumer spending cools

Mint

time2 hours ago

  • Mint

Apparel retailers reset their summer calendar with early end-of-season sales as consumer spending cools

New Delhi: Apparel retailers that have advanced their summer sales this year in response to months of sluggish demand have stumbled upon some interesting insights. For one, evolving consumer behaviour has left them competing not just with other retailers but with entirely unrelated sectors. Retailers are also striving to be nimbler to keep shoppers engaged, and hoping that the government's moves to boost consumption revives demand by the festive season towards the end of the year. 'Several leading brands, including H&M, Marks & Spencer, and RBL, have already kicked off their sales from mid-June,' said Pushpa Bector, senior executive director and business head, DLF Retail, which operates malls in the Delhi-National Capital Region. 'This year, brands are responding with sharper pricing and a wider range of offers, making this a strong retail moment across categories.' In India, summer end-of-season sales usually commence during mid-to-late June and go on till end-July or even August. This year, however, several brands advanced their summer season sales by a week or two, with a focus on liquidating excess stock and adapting to a market where consumers are spending on experiences over discretionary purchases. 'This trend isn't limited to India—it reflects a broader global pattern,' said Nitin Chhabra, chief executive officer of Ace Turtle, which operates brands such as Lee and Wrangler in India and has advanced its summer sales by a week this year. 'Consumers worldwide are increasingly allocating a larger share of their spending towards travel and experiential activities, which has had a direct impact on discretionary retail categories like (apparel),' said Chhabra. 'The government's announcement of no income tax for individuals earning up to ₹ 12 lakhs, along with three interest rate cuts by the (Reserve Bank of India), is expected to boost disposable income and reinvigorate consumer spending—especially among India's growing middle class. We expect these positive measures to start yielding results and translate into increased sales by Diwali,' he added. Retail sales in April grew by a mere 4% from a year earlier, according to the Retailers Association of India's data released last month. Apparel sales grew 5%, while footwear sales were up 2%. Large offline retailers such as Aditya Birla Fashion and Retail Ltd have been calling out a challenging consumption environment, especially for discretionary categories, over the previous two-three quarters. Unlike traditional retail, online sales have become a constant through the year. Digital marketplaces and e-commerce platforms, including direct-to-consumer or online-first brands, prefer hosting sales across categories such as beauty, apparel, and electronics at different times during the year. Online fashion retailer Myntra, a subsidiary of Walmart-owned Flipkart, held its flagship 'End of Reason Sale' between 31 May and 12 June this year. Last year, Myntra similarly began its summer sale on 31 May but concluded it on 7 June. A Myntra spokesperson said orders during the retailer's latest flagship sales doubled over business-as-usual days, and that the sales saw a 1.3 time increase in new customers over last year's edition. Rival Ajio, owned by Reliance Retail Ltd, also hosted its 'Big Bold Sale' during the same period as Myntra this year. 'The discounting landscape has evolved considerably. With rising competition and more sale-led triggers across platforms, brands today are optimizing for longer sale windows to stay relevant,' said Sidhant Keshwani, founder and CEO of ethnic wear brand Libas, adding that online discounting has definitely influenced broader retail behaviours. Libas has already concluded its end-of-season summer sale and is gearing up for its 'Purple Day Sale', its flagship annual event, which is set to go live between late July and early August, followed closely by the launch of its autumn-winter collection. 'There are several contributing factors. With the festive season approaching earlier this year, we're seeing a clear shift in consumer purchase patterns—shoppers are starting earlier and shopping more mindfully,' Keshwani said. 'At our end, we've expanded our assortment significantly, both in terms of stock-keeping units and new categories, which has allowed us to tailor our discounting and marketing strategy more effectively,' he added. 'While promotional events continue to perform, what's been most encouraging is the 20-30% full-price sell-through we're seeing across key product lines,' he said. Sanjay Vakharia, co-founder and CEO of denim brand Spykar, said demand for apparel has been subdued so far this year, including because of the brief India-Pakistan conflict that kept people from shopping, particularly at malls, in some states. Despite that, Spykar, which began its summer season sale this week and will conclude it by 31 July, is focusing on driving margins and bringing fresher collections to its stores, said Vakharia. 'We are going to control and curtail the period of sales so we can get in more freshness, and offer merchandise to consumers at a full price and curb the habit of customers waiting for end-of-season sales,' he said. Nishank Joshi, chief marketing officer at Nexus Select Malls, which operates 19 malls in India, said brands are becoming smarter in response to greater competition. 'While the early monsoon may have had a small impact the larger story is that Indian retail is becoming sharper, more responsive, and more in tune with what customers want and when they want it,' Joshi said. 'This year is not just about shifting timelines for EOSS (end-of-summer sales), but it reflects a shift in how brands, retailers, and consumers think. Today, brands are more flexible and consumer-focused to stay relevant and competitive.'

US Refining Capacity Declines Amid Uncertain Fuel Demand Outlook
US Refining Capacity Declines Amid Uncertain Fuel Demand Outlook

Mint

time5 hours ago

  • Mint

US Refining Capacity Declines Amid Uncertain Fuel Demand Outlook

(Bloomberg) -- US refiners' operating capacity edged lower in 2024 as an uncertain outlook for gasoline and diesel prompted fuelmakers to pull back after a period of expansion. America's refining fleet — the world's largest — contracted by 43,000 barrels a day in 2024, shrinking to 18.3 million barrels a day of operating capacity, according to an Energy Information Administration report that gives a snapshot of the industry as of Jan. 1 each year. US refining capacity has swung between expansion and contraction over the past five years. The pandemic-driven drop in demand in 2020 ushered in a wave of US refinery closures that pulled nationwide capacity below 18 million barrels a day for the first time since 2014. Since then, ExxonMobil Corp., Valero Energy Corp, Marathon Petroleum and Citgo undertook major expansion projects that boosted capacity closer to pre-pandemic levels. Now, fuelmaking is once again in decline. Since January, LyondellBasell Industries NV's 264,000 barrel-a-day Houston refinery permanently ceased operations, and Phillips 66 will close its 139,000 barrel-a-day Los Angeles plant at the end of this year. Valero is set to close its 145,000 barrel-a-day Benicia refinery in California's Bay Area in early 2026, continuing a decades-long trend of smaller, logistically and financially challenged US refineries pulling the plug. Those two California refinery closures may push America's fuel making capacity back to pandemic lows of around 17.8 million barrels a day. While smaller refineries have closed, mega plants on the Gulf Coast have boosted capacity, making less complex facilities uncompetitive. Motiva's refinery in Port Arthur, Texas, grew to an operating capacity of 641,000 barrels a day in 2024, vaulting it over Marathon's nearby 631,000-barrel Galveston Bay plant to become the largest in the nation, according to the EIA annual report. Saudi Aramco-owned Motiva continues to push capacity higher at its Texas plant, the only refinery it owns in the US, and processed as much as 651,000 barrels of oil a day in December. More stories like this are available on

Robotaxi launch: Event date, place, time and all news about Tesla's new autonomous vehicle
Robotaxi launch: Event date, place, time and all news about Tesla's new autonomous vehicle

Time of India

time6 hours ago

  • Time of India

Robotaxi launch: Event date, place, time and all news about Tesla's new autonomous vehicle

Elon Musk 's dream of a robotaxi is coming true, but it hasn't been easy. Tesla 's robotaxi service is finally going to launch in Austin, Texas, after months of delays and problems. Here's when it will happen, why it's important, and what you can expect. Why is this launch so significant for Tesla and its future? Tesla's robotaxi service wants to change the way people get around, starting with a small rollout and possibly spreading across the country. If it works, it could change the self-driving car market and Tesla's future in a big way. Following three consecutive sessions of gains, Tesla (TSLA) shares are up Wednesday as a result of new social media posts from CEO Elon Musk. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dhoni's Exclusive Home Interior Choice? HomeLane Get Quote Undo What is the confirmed launch date and where will it happen? When a user inquired about the start date of Tesla's robotaxi program on Tuesday night, Musk replied that it would happen "tentatively, June 22,' as per a report by Investopedia. 'We are being super paranoid about safety, so the date could shift," Musk wrote in a tweet. He added that the first Tesla that will drive itself from the factory directly to a customer's door should be delivered about a week later, on June 28, as per a report. Live Events ALSO READ: Jennifer Garner may soon join Hollywood's billionaire club — here's how she's doing it While Musk had previously stated that the program was on track to launch sometime this month, Bloomberg reported last month that Tesla was aiming for a June 12 launch for the autonomous ridesharing service. The Tesla X account responded to another user who shared a video of what looked to be a Tesla being tested on Austin, Texas, roads without a driver in the driver's seat and posted a robot and car emoji in its own post, which was made hours before Musk's. The vehicle test confirms that "a key component of our TSLA thesis has officially begun playing out," according to a Tuesday report by Piper Sandler analysts, who have a $400 price target. Although specifics regarding the possible launch have not yet been made public, Elon Musk has stated that Tesla's plans for a more reasonably priced Tesla model are also on track to launch this month. What challenges is Tesla facing? Elon Musk has provided explanations for why it might not launch this week. While Waymo is formally in the "deployment" phase of autonomous driving operations in the city, the company is listed as being in the "testing" phase. Garrett Nelson, a CFRA analyst, predicts that Tesla's unsupervised robotaxi service launch will be largely unimpressive and will not have the same fanfare as last October's Robotaxi Day. What will the first robotaxi service in Austin be like? Initially, the company will observe about a dozen driverless Model Y cars using Full Self-Driving technology in a geofenced area of Austin, Texas, under remote performance supervision. The most crucial metrics will be how many incidents and interventions the cars record over the next few months, as well as how fast TSLA can turn off remote supervision and enter new markets outside of the geofenced area. Are there any delays or hurdles holding the robotaxi back? Elon Musk's announcement of the Austin trial last month sparked a stir among Tesla bulls who have been eager for robotaxis to go on the road. Even though the dream is still alive, investors are likely to face more obstacles in the future due to the recent detours. There will be more turbulence for the robotaxi rollout due to the unsettling developments of late. Elon Musk chose Texas because it is his home state and has far more lenient laws governing autonomous vehicles (AVs) than California. But lawmakers in Texas have sent a dismal message just days before the start of the process. An Austin-based organization advised Tesla to wait until September 1, when the new AV regulations go into effect. Safety checks and more precise compliance guidelines are part of the new regulations. According to reports, seven Texas lawmakers have signed the hold-off on the rollout. FAQs When and where will the Tesla robotaxi be launched? The launch date is tentatively scheduled for June 22 in Austin, Texas. Will robotaxis be available anywhere? Not yet, it will begin with a small area in Austin, with plans to expand later.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store