
Starlink gets licence to begin India ops, way cleared for spectrum allocation
Starlink, operated by Musk's SpaceX, is expected to compete with other players such as Bharti Group-backed Eutelsat OneWeb and Reliance Jio's JV with SES, both of which are awaiting spectrum allocation to begin operations. All three companies aim to deliver high-speed internet using a constellation of low-Earth orbit (LEO) satellites.INDIA'S DIGITAL GROWTH STORYAnnouncing the approval, Minister Scindia also took the opportunity to reflect on India's sweeping digital progress under the Narendra Modi government. Over the past decade, India has seen a dramatic expansion in telecom and internet infrastructure.The number of telephone connections in India now exceeds 1.2 billion, while internet subscriptions have surged nearly 286 per cent to 970 million. Broadband usage, too, has grown more than 1,450 per cent — from 60 million users in 2014 to 944 million today. Also, low data costs, now at just Rs 8.9 per GB — a drop of 96.6 per cent — make data services among the most affordable globally.BSNL's TURNAROUND AND 5G EXPANSIONSA major milestone highlighted was the financial turnaround of Bharat Sanchar Nigam Limited (BSNL), the state-run telecom operator. After nearly two decades of losses, BSNL posted net profits of Rs 262 crore and Rs 280 crore in the last two financial years. The operator has deployed over 83,000 4G sites, 74,000 of which are now operational using indigenous technology.The minister also noted the rapid rollout of 5G services across the country. As of now, 99.6 per cent of districts are covered with over 4.74 lakh 5G towers and a user base of 300 million. India also ranks among the top six countries in terms of 6G patent filings. "With the world's highest per capita 5G usage—32 GB per month—India is demonstrating strong technological leadership," Scindia added.STARLINK ERA: A NEW CHAPTERadvertisementNow, Starlink's entry adds a fresh dimension to India's digital future, especially for regions that remain beyond the reach of traditional fiber and cellular networks.The satellite-based approach promises to bridge the urban-rural divide and improve connectivity in remote locations such as mountainous areas, islands, and border regions.Starlink aims to provide high-speed, low-latency broadband to users across India, and is now moving forward with plans to set up local gateways and ground stations, pending final spectrum allocation.With the regulatory landscape now clarified and infrastructure support in place, India's satcom sector is poised for rapid growth, complementing its already massive mobile network.As the country celebrates three decades of mobile phone generation, it now looks ahead to a future where even the most remote corners are digitally connected—via space.- EndsWith PTI inputsMust Watch

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
9 minutes ago
- Economic Times
The RSI myth: Does this popular trading indicator actually work?
A 25-year backtest of RSI strategies across Indian indices reveals that long-only approaches yield promising results, particularly the RSI 30-70 reversal method for patient investors. Active traders may find faster RSI strategies beneficial for capital rotation. While not a magic formula, RSI proves useful when integrated into a broader, well-defined trading strategy. Tired of too many ads? Remove Ads Understanding RSI: What makes it so popular? A high RSI indicates strong recent gains, possibly signaling overbought conditions. indicates strong recent gains, possibly signaling overbought conditions. A low RSI suggests recent price declines, potentially highlighting oversold levels. RSI 30-70 reversal strategy: Buying when RSI recovers from oversold territory (crosses above 30) and selling when it dips from overbought levels (falls below 70). Buying when RSI recovers from oversold territory (crosses above 30) and selling when it dips from overbought levels (falls below 70). RSI 50 cross strategy: Buying when RSI rises above 50 (signaling upward momentum) and selling when it drops below 50. Buying when RSI rises above 50 (signaling upward momentum) and selling when it drops below 50. RSI EMA crossover strategy: Comparing RSI with its Exponential Moving Average (EMA) to identify smoother momentum shifts. Tired of too many ads? Remove Ads Putting RSI to the Test: What 25 years of data revealed Long-only RSI strategies worked. Short-selling and combined long-short strategies failed to generate consistent returns. The RSI 30-70 reversal method delivered the highest average returns per trade — but signaled very few trades. Ideal for long-term, patient investors. RSI EMA Cross and RSI 50 Cross strategies generated faster, more frequent trades with smaller gains per trade — better suited for active traders focused on capital rotation. Tweaking RSI settings significantly improved performance. Longer periods (like 21-day RSI) boosted returns in reversal strategies, while shorter periods (7-day RSI) worked better for faster strategies. Key Takeaway: RSI is useful, but not foolproof (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) For most investors and traders, technical analysis can often feel overwhelming filled with complicated charts, patterns, and unfamiliar terms. However, one indicator has managed to cut through this complexity with its simplicity and popularity: the Relative Strength Index ( RSI ).RSI is widely used to identify when a stock or index may be 'overbought' or 'oversold', helping traders spot potential turning points in the market. Over the years, it has become a go-to tool for both beginners and experienced market participants is a momentum indicator that measures the speed and strength of recent price movements. Plotted on a scale of 0 to 100, RSI values help traders understand whether a stock or index is potentially overbought (RSI above 70) or oversold (RSI below 30). RSI near 50 is typically considered practical terms:With this logic, many traders use RSI to time their entries and exits. Popular methods include:While these strategies are simple to implement, the real question remains: are they profitable?To separate myth from reality, conducted a 25-year backtest of these strategies across the Nifty 50, Nifty Next 50, Midcap 150, Smallcap 250, and Nifty 500 indices. The goal was clear: evaluate whether RSI-based strategies can generate consistent trading profits in Indian the world of trading, knowing when and how to use an indicator is just as important as knowing what it is. Tools like RSI are not shortcuts to success—they are decision-support mechanisms. When used thoughtfully and as part of a broader, well-defined strategy, they can help traders navigate the markets with greater discipline and structure. But relying on any single indicator in isolation is rarely a recipe for consistent 25-year backtest across India's major indices shows that RSI-based strategies can work, but not all of them perform equally. Long-only strategies delivered promising results for patient, long-term investors, while active traders may benefit from faster-moving RSI strategies focused on capital isn't a magic formula — but it's not irrelevant either.(The author, Nishchal Jain is Quant Researcher at )(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)


India.com
9 minutes ago
- India.com
BSNL Azadi Ka Plan: Telecom Offers Free SIM Card With Unlimited Calling And 2GB Daily Data For Re 1; Who Can Avail It?
BSNL Freedom Offer: BSNL has introduced a new 4G service plan for users in India with a validity of one month, priced at just Rs 1, as part of its Independence Day celebrations. The state-owned telecom company announced the limited-time 'Freedom Offer' via its official X (formerly Twitter) handle, aiming to promote digital accessibility across the country. The limited time offer introduced in the spirit of Independence Day, with BSNL calling it 'Azadi Ka Plan'. BSNL Freedom Offer Benefits And Validity The recharge plan comes with a 30-day validity and includes 2GB of high-speed data per day. Adding further, the BSNL prepaid pack offers unlimited voice calls across India, including national roaming, along with 100 complimentary SMS messages per day. Once the daily data limit is reached, users will continue to have internet access at a reduced speed of 40kbps, as per BSNL's fair usage policy. The Freedom Offer is valid from August 1 to August 31. सिर्फ ₹1 में डिजिटल आज़ादी, BSNL के साथ! फ्री सिम कार्ड पाएं – हर दिन 2GB डेटा, अनलिमिटेड कॉल्स और 100 SMS प्रतिदिन, पूरे 30 दिनों के लिए। यह ऑफर केवल नए उपभोक्ताओं के लिए सीमित अवधि तक उपलब्ध है।#BSNLFreedomOffer #BSNL #BSNLIndia #IndependenceDay #DigitalIndia… — BSNL India (@BSNLCorporate) August 3, 2025 BSNL 4G SIM Card Free Users can enjoy nationwide roaming, making it one of the most affordable entry-level packs currently available. To ease onboarding for new customers, the state-owned telecom operator will provide a free 4G SIM card without any cost to those who avail of the Freedom Offer. BSNL Freedom Offer: Who Can Avail The 'Freedom Offer' is exclusively available to new BSNL users, meaning existing subscribers are not eligible for this plan. Adding further, it's unclear whether users opting for BSNL's doorstep SIM delivery service can avail of the offer. To ensure eligibility, it's recommended to visit a BSNL store or Customer Service Centre (CSC) in person. BSNL Yatra SIM Card For Shri Amarnath Yatra 2025: Price And Validity The state-owned telecom operator has also introduced a dedicated Yatra SIM card for pilgrims participating in the Shri Amarnath Yatra 2025, designed to provide reliable and affordable connectivity during the spiritual journey. The new SIM card is priced at Rs 196. The SIM offers a validity of 15 days and includes unlimited 4G data and voice calls, ensuring uninterrupted communication throughout the pilgrimage without the hassle of recharges or balance concerns. BSNL Yatra SIM Card: How And Where To Buy Pilgrims can get the Yatra SIM card from BSNL counters located at key registration centers and starting points of the Shri Amarnath Yatra. These include locations such as Lakhanpur, Pahalgam, Baltal, Chandrakot, and Bhagwati Nagar. To purchase the SIM, users must complete KYC verification using their Aadhaar card or any valid government ID along with the Shri Amarnath Yatra slip. Once verified, users will receive an active 4G SIM with immediate connectivity.


India.com
9 minutes ago
- India.com
BSNL's Rs 1 plan to give tough competition to Mukesh Ambani's Jio, Sunil Mittal's Airtel; offers unlimited.., last date to avail offer...
The Bharat Sanchar Nigam Limited (BSNL) has introduced a new digital revolution. The state-owned telecommunications firm has disrupted private operators by offering an unbelievable plan of just Rs 1. The offer gives users 30 days of validity, unlimited calling, and 2GB of daily data. BSNL announced this new plan in conjunction with Independence Day celebrations. This affordable offer will be attractive to many users as BSNL seeks to expand its market in this competitive industry. Through its official X (previously Twitter) account, BSNL announced its new 'Freedom Offer.' The state-run telecommunications organization has detailed that users will receive 'True Digital Freedom' for just Re 1. This plan offers 30 days of validity, with daily 2GB high-speed data, unlimited calling across India, and free national roaming. Users will also receive a plan that allows for 100 free SMS per day. Sharing a post on X(previously Twitter), BSNL India wrote, 'Azadi ka plan at just Rs. 1/- & get true digital freedom with BSNL. With 30 days of unlimited calls, 2GB data/day, 100 SMS/day, and a free SIM. Applicable for new users only.' The offer will be valid till August 31, 2025. Check the benefits below: Get 2 GB/day Unlimited voice 100 SMS/day 30-day validity Free Sim Customers are advised to walk into their nearest BSNL CSC or retailer.