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Reliance Industries to Elon Musk: Competition welcome, but follow rules

Reliance signals regulatory pushback against Elon Musk's India entry, raising competitive stakes.

Context

What happened: Ahead of its Rs 30,213-crore Jio IPO, Reliance Industries responded to Elon Musk's posts on X, saying it welcomes competition in satellite communications including Starlink, but every player must abide by India's laws and policies. Key numbers: Rs 30,213-crore Jio IPO. Why it matters: The exchange follows Musk naming Ambani in posts accusing "certain oligarchs" of blocking Starlink's India entry. The government denied the charges, saying it applies the same process to every applicant. Jio's own satellite services await clearances.

What changed

Ahead of its Rs 30,213-crore Jio IPO, Reliance Industries responded to Elon Musk's posts on X, saying it welcomes competition in satellite communications including Starlink, but every player must abide by India's laws and policies.

Why it matters

The exchange follows Musk naming Ambani in posts accusing "certain oligarchs" of blocking Starlink's India entry. The government denied the charges, saying it applies the same process to every applicant. Jio's own satellite services await clearances.

Sources

toi