Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
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.
