Elon Musk's Starlink may have to seek fresh IN-SPACe nod for Direct-to-Device services in India
INDIA BUSINESS | Tue, 27 Jan 2026, 12:31AM IST
Starlink's Gen 2 constellation, offering advanced technologies like direct-to-device (D2D) connectivity, has been rejected by India's IN-SPACe due to unmet requirements and unpermitted frequency bands. The regulator approved only Starlink's Gen 1 for traditional broadband, while D2D services await a regulatory framework in India.
Continue reading at Economic Times
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SCI floats EoI for eight gas carriers, mandates local build and Press Note 3 compliance
INDIA BUSINESS | Tue, 27 Jan 2026, 12:27AM IST
Shipping Corporation of India is looking to acquire eight new very large gas carriers. Six of these vessels will be built in India. Two can be constructed by international shipyards. Bidders from countries sharing a land border with India must be registered with the Competent Authority. This ensures Press Note 3 restrictions are followed.
Continue reading at Economic Times
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JSW Infrastructure plans Rs 16,500-crore capex for FY27 & FY28
INDIA BUSINESS | Tue, 27 Jan 2026, 12:19AM IST
In an analyst call, India's second-largest port operator also said its operating Ebitda is expected to double by FY28 from FY26 levels as new port and logistics assets become operational.
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JSW Infra plans Rs 16,500-cr capex in FY2728
INDIA NEWS | Tue, 27 Jan 2026, 12:19AM IST
Mumbai: JSW Infrastructure has outlined a 16,500-crore capital expenditure plan for FY27 and FY28.In an analyst call, India's second-largest port operator also said its operating Ebitda is expected to double by FY28 from FY26 levels as new port and logistics assets become operational.The JSW Group company said it is targeting consolidated operating revenue of 5,400 crore and operating Ebitda of 2,600 crore for FY26. "Building on this FY26 base, we anticipate Ebitda growth of approximately 15% in FY27 and expect it to double approximately by FY28," said Rinkesh Roy, joint managing director and chief executive officer of JSW Infrastructure.He clarified that the doubling is measured from FY26 levels.Roy said the guidance factors in the commissioning of port expansion projects and the transition of logistics investments from the capital expenditure phase to earnings contribution. FY28 will be a "landmark year in our expansion journey," he said in the earnings call after the third quarter results.The guidance comes even as the company moderated near-term cargo volume growth and deferred part of its FY26 capital spending. Roy said JSW Infrastructure is now targeting cargo volumes of around 123 million tonnes for the current year. "For the coming year, it could be in the range of 6% to 7%, and then on, we will have a massive ramp-up to 165 million to 175 million tonnes," he said, referring to FY28.For FY26, JSW Infrastructure now expects capex of 3,500 crore, including 2,000 crore for ports and 1,500 crore for logistics, lower than earlier guidance. Chief financial officer Nagarajan J said the reduction is due to timing of payments rather than a change in project scope. "The purchase orders have been raised. The payout has been deferred because we have gone for bank guarantees and letters of credit," he said, adding that payments have been pushed into the next two years.The heavier investment cycle is slated for FY27 and FY28, when the company plans to spend around 13,000 crore on ports and 3,500 crore on logistics.As of December 2025, JSW Infrastructure's net debt stood at 1,888 crore, with net debt-to-operating Ebitda at 0.76 times. Nagarajan said the balance sheet strength and rising cash flows position the company to scale up capacity to 400 million tonnes while expanding its logistics business.In the December quarter, the firm's net profit increased 9.1% to 359 crore, while revenue rose 14.2% to 1,349 crore. Ebitda grew 10.1% to 643 crore, though margins declined to 47.6% from 49.5% a year earlier.
Continue reading at Economic Times
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Marico to acquire PVR Inox snacking brand for Rs 226.8 cr
INDIA BUSINESS | Tue, 27 Jan 2026, 12:18AM IST
Marico is acquiring a majority stake in Zea Maize, the company behind the 4700BC snacking brand. The deal with PVR Inox is valued at up to 226.83 crore. 4700BC founder Chirag Gupta will continue to lead the business. This move expands Marico's presence in the premium snacking market. PVR Inox is monetizing a non-core asset through this transaction.
Continue reading at Economic Times
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INDIA BUSINESS | Tue, 27 Jan 2026, 12:08AM IST
Commercial vehicle sales are set for their best years in FY26 and FY27. This surge is fueled by replacement demand after tax changes and ongoing infrastructure development. Industry leaders anticipate strong growth continuing into next year. This positive outlook is supported by increased utilization levels and government spending on infrastructure projects.
Continue reading at Economic Times
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Power Outages Could Rise as Freezing Temperatures Persist After Winter Storm
GLOBAL NEWS | Mon, 26 Jan 2026, 11:26PM IST
Electrical grids appeared to have handled the storm over the weekend relatively well, but energy experts said the risk of more outages remained.
Continue reading at The New York Times
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Power Outages Could Rise as Freezing Temperatures Persist
GLOBAL NEWS | Mon, 26 Jan 2026, 11:26PM IST
Electrical grids appeared to have handled the storm over the weekend relatively well, but energy experts said the risk of more outages remained.
Continue reading at The New York Times
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Public Media Holds Its Apocalypse at Bay, for Now
GLOBAL NEWS | Mon, 26 Jan 2026, 11:15PM IST
Though Congress cut $500 million from NPR and PBS stations, vanishingly few have closed their doors. Angst about their long-term future remains.
Continue reading at The New York Times
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DFS seeks states' support to ensure banking services during Jan 27 strike
INDIA MARKET | Mon, 26 Jan 2026, 10:50PM IST
The DFS said banks have conveyed that ATMs are being adequately loaded with sufficient cash, and arrangements have been made to ensure timely replenishment
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Canada PM may visit India in March, ink C$2.8 billion uranium deal
INDIA MARKET | Mon, 26 Jan 2026, 10:43PM IST
New Delhi and Ottawa are preparing to formally launch CEPA trade negotiations, with a possible March visit by Canadian PM Mark Carney expected to yield deals on energy, AI, critical minerals
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Goodwill Thrives as Americans Stretch Their Dollars
GLOBAL NEWS | Mon, 26 Jan 2026, 10:32PM IST
Consumers are still spending, but theyre looking for ways to stretch their dollars as far as possible.
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PropEquity parent firm ties up with Cambridge for real estate school
INDIA BUSINESS | Mon, 26 Jan 2026, 10:29PM IST
PropEquity parent PE Analytics will partner with the University of Cambridge to set up India's first real estate school in Gurugram, with academic operations planned for 2027
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E2W companies seek PM E-Drive subsidy extension beyond March 2026
INDIA MARKET | Mon, 26 Jan 2026, 10:28PM IST
Industry executives say incentives continue to play a role in easing upfront cost concerns for price-sensitive buyers
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Gold hits record above $5,100 as geopolitics drives safe-haven rush
INDIA MARKET | Mon, 26 Jan 2026, 10:26PM IST
In the latest geopolitical flare-up, US President Donald Trump said on Saturday he would impose a 100 per cent tariff on Canada if it follows through on a trade deal with China
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