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Discovery Communications India's net profit for 2022-23 rose to ₹68 crore, with a revenue increase to ₹1,055 crore. Expenses declined, advertising costs reduced, employee benefits surged. DCI owns major factual entertainment brands.
Sunil Bharti-owned Bharti Group holds majority stake in OneWeb and HCIPL is a joint venture between Bharti Group and satellite services company Hughes.
Hughes Communications India (HCIPL) and OneWeb have signed a six-year distribution partner agreement to provide Low Earth orbit (LEO) connectivity services across India. In an interview to PTI, HCIPL, President and Managing Director, Shivaji Chatterjee said OneWeb will have an early-mover advantage in India, as competitors who are in fray to provide satellite communications service in India are either in the development stage or lag behind in data link speed.
Asia-Pacific Data Centre Association Announces Inaugural Chair and Board Members
This story was first published on the Benzinga India portal. Elon Musk’s Starlink satellite network, aiming for a 2024 launch in India, might face delays in obtaining its license due to complications similar to those encountered by Verizon Communications (NYSE: VZ) in a previous case. This development could hinder Starlink’s timely entry into the Indian market. What Happened? The primary issue causing the delay is the Indian government’s requirement for complete disclosure of ownership details.