Starlink Gets India Greenlight
Your daily dose of business news
🗞️ SEBI’s PSU Delisting Boost
SEBI has introduced a special delisting route exclusively for public sector undertakings (PSUs), allowing a smoother exit for government-backed firms. This could trigger renewed interest in undervalued PSU stocks.
💬 Expert Take:
“This is a game-changer for PSU investors. It aligns market pricing with strategic disinvestment goals,” says Ruchir Sharma, Market Strategist.
🗞️ Starlink Gets India Licence
Elon Musk’s Starlink has secured a license to operate in India. The satellite internet firm is expected to boost rural and remote connectivity under the Digital India push. Commercial rollout timelines are awaited.
🗞️ Hyundai IPO Set to Rev Up
Hyundai Motor India’s IPO is expected to be among India’s largest public offerings this year, joining other giants like LIC and Paytm in the big leagues. The listing could raise over ₹25,000 crore.
🗞️ BSNL Launches ‘Quantum 5G’
BSNL has named its 5G service Quantum 5G, signaling its delayed yet strategic entry into India’s 5G race. Initial rollout is expected in key metros before scaling nationwide.
🗞️ Defence Stocks Fly Beyond Core
Investors are betting on diversified defence companies that offer more than just combat solutions — such as software, simulation, and aerospace tech.
💬 Expert Take:
“The future of defence investment lies in digital warfare and R&D, not just weapon systems,” says Lt. Gen. (Retd) Arvind Rao.
🗞️ Pharma Stocks Under Pressure
Pharma stocks saw a decline for the third time in four sessions, led by Granules, Lupin, and Sun Pharma. Sector sentiment remains cautious amid global pricing pressures.
🗞️ Reliance Infra Ties Up With Dassault
Anil Ambani’s Reliance Infra arm will manufacture Falcon 2000 jets in India with Dassault Aviation. The first delivery is targeted for 2028 under the Make in India initiative.
🗞️ Vedanta Declares ₹7 Dividend
Vedanta’s board has approved a ₹7 per share dividend with a record date of June 24. The stock remained flat post-announcement, reflecting anticipated payout.
📊 Market Updates
📉 Sensex: 81,444.66 ▼ −138.64 (−0.17%)
📉 Nifty 50: 24,812.05 ▼ −41.35 (−0.17%)
💵 USD/INR: ₹86.43 ▼ −0.09% (rupee weakened due to Middle East tensions & oil demand)
🛢️ Brent Crude: $75.50 ▲ firm on geopolitical concerns
🪙 Bitcoin: ~$105,885 ▶ holding steady above $105K
🪙 Gold (24K): ₹10,151/gram ▲ slight increase on safe‑haven buying