Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Nvidia Develops New Location-Verification Technology for AI Chips 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
CVS Health Signals Strong 2026 Profit Outlook Amid Turnaround Progress 
Elon Musk has launched satellites to space to be able to provide faster internet and offer the service even to remote areas. The billionaire that also owns Tesla Inc. and SpaceX already brought its Starlink Internet service to some countries, and operations have been smooth sailing so far.
Now, the Starlink Internet service is also preparing to launch in India, and based on the reports, applications for subscriptions have already begun. After learning about this, the local government proceeded to issue a caution notice for its citizens.
As per Reuters, the Indian government issued a statement late last week and told its people to stop subscribing to Elon Musk’s Starlink Internet service. The officials’ reason was simple - the satellite internet provider is not yet registered in the country. This means that it still has to secure a license to operate.
It is noticed that M/s #Starlink (https://t.co/xscnDS4Cnn) has started pre-selling/booking of #satellite based #Internet Services in India without any #license/authorization.
— DoT India (@DoT_India) November 26, 2021
Public is advised not to subscribe to Starlink services being advertised. #GatiShakti #spacex @SpaceX
After leaving the advice for the public, India also called out Starlink, and it has been told to abide by the country’s regulations. The government asked the immediately refrain from booking internet services in the region.
“Accordingly, the Government of India has asked the company to comply with Indian regulatory framework for rendering the satellite based communication services and refrain from booking/rendering the satellite internet services in India with immediate effect,” DoT India tweeted.
In its response to the call, Starlink told Reuters via email that it has no comment for now. It was learned that the internet service provider registered its business in the country on Nov. 1, and as soon as this was done, the company started advertising its offering, and the pre-selling of its service has also begun.
Officials said this is not right because while it has registered the business, the government has not issued a license to operate yet. The Department of Telecommunications has now asked Starlink to halt its pre-selling orders until it receives approval from the DoT.
Meanwhile, it was reported that Starlink already gathered more than 5,000 sign-ups in its pre-selling orders in India. It is unknown if the registrations will be canceled, or they just need to wait until the internet service gets its license.
