Reliance Shares Soar: India's Satellite Spectrum Battle!

Reliance, Inc. rose 1.41% intraday, with the company challenging India's proposed satellite spectrum pricing, which could benefit competitors like Starlink. The Cellular Operators Association of India, representing Reliance Jio and Bharti Airtel, argued that the proposed 4% annual revenue fee for satellite service providers is unjustifiably low and could harm their businesses.