iWorld
Airtel signs up with SpaceX to bring Starlink services to India
MUMBAI; In a dramatic move set to shake up India’s telecommunications landscape, Airtel has today inked an agreement with Elon Musk’s SpaceX to bring Starlink’s lightning-fast internet services to the subcontinent.
The landmark deal—the first of its kind in India—hinges on SpaceX securing regulatory approvals to peddle Starlink services in the country. Once green-lit, the partnership promises to dramatically expand high-speed connectivity to even the most far-flung corners of India.
Under the ambitious arrangement, Airtel shops could soon display Starlink equipment, whilst the telecom giant will offer Starlink services to its business customers. The collaboration aims to connect remote communities, schools and health centres currently languishing in digital darkness.
Airtel and SpaceX will also explore how Starlink could help expand and enhance the Airtel network, as well as SpaceX’s ability to utilise and benefit from Airtel’s ground network infrastructure and other capabilities in India.
Airtel managing director Gopal Vittal hailed the partnership as a “significant milestone” in the company’s quest to deliver “world-class high-speed broadband to even the most remote parts of India.”
“This collaboration enhances our ability to ensure that every individual, business, and community has reliable internet,” Vittal declared. “Starlink will complement and enhance Airtel’s suite of products to ensure reliable and affordable broadband for our Indian customers—wherever they live and work.”
“Technology is always evolving and we’re committed to staying at the forefront of innovation so that we can continue to bring the best connectivity experience for our customers. This includes collaborating with global leaders like SpaceX to extend our reach and add new coverage to customers throughout all of India.”
SpaceX’s President Gwynne Shotwell matched Vittal’s enthusiasm, stating: “We are excited to work with Airtel and unlock the transformative impact Starlink can bring to the people of India. We are constantly amazed by the incredible and inspiring things that people, businesses and organizations do when they are connected via Starlink. The team at Airtel has played a pivotal role in India’s telecom story, so working with them to complement our direct offering makes great sense for our business.”
The deal represents a clever strategic move for Airtel, which already boasts over 550 million customers across 15 countries. By adding Starlink to its portfolio alongside existing partner Eutelsat OneWeb, Airtel strengthens its position as India’s largest integrated communications solutions provider.
Starlink, which operates the world’s first and largest low Earth orbit satellite constellation, delivers broadband internet capable of supporting streaming, gaming and video calls to users worldwide. The service is engineered and operated by SpaceX, the world’s leading rocket launch provider.
The collaboration signals a new chapter in India’s digital transformation saga, potentially bridging the stubborn digital divide that has long hampered the nation’s development ambition
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
