Starlink has partnered with Airtel to provide satellite internet services in India, focusing on rural and remote areas. This move will complement existing terrestrial services rather than compete directly. Jio is also expected to bring Starlink’s high-speed internet to its customers. The partnership is seen as a win-win situation for both Airtel and Starlink.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.