After Maharashtra, the Gujarat government has inked a letter of intent (LoI) with Elon Musk-led Starlink to strengthen digital connectivity in the state through the latter’s satcom service.  In a post on X, Gujarat chief minister Bhupendra Patel said the LoI will enable high-speed satellite-based internet connectivity in remote, border, tribal and underserved areas with limited telecom infrastructure.   The collaboration will support egovernance and common service centres, schools, primary health centres, telemedicine services, disaster management systems, ports, wildlife sanctuaries and key government institutions.  The CM said that a “joint working group”, comprising officials of the Gujarat government and Starlink, will be formed to ensure the execution of the LoI.  The development comes months after Maharashtra signed a similar LoI with Starlink to deploy satellite-based internet services for government institutions in the state.   SpaceX, the parent of Starlink, got clearance from IN-SPACe to kick start commercial operations in India through LEO satellites constellation Starlink Gen1 in July last year. It had received similar approvals from the telecom department and TRAI in 2025.  However, this approval was only for the satellite services. As per a recent report, the company will need fresh approval from IN-SPACe to offer its new technology services…  ​Read MoreInc42 Media

Update | February 09, 18:00 IST Fractal Analytics’ IPO saw a tepid opening with the issue getting subscribed 9% on the first day. Investors cumulatively placed bids for 15.8 lakh shares against the 1.85 Cr shares available. Retail investors showed the strongest interest in the public float, subscribing their quota by 35%. These investors placed bids for 11.3 Lakh shares against 32.37 shares reserved for them.  The non institutional investor (NII) portion was subscribed 7%, with these investors placing bids for 3.49 Lakh shares against 48.55 Lakh shares on offer.  Meanwhile, the employee quota saw a 13% subscription, receiving bids for 1.01 Lakh shares against 7.77 Lakh shares reserved for them.  However, qualified institutional buyers (QIBs) placed the least bids of 224 shares against 97.10 Lakh shares reserved for them.  Original | February 09, 13:53 IST AI and data analytics company Fractal Analytics’ IPO kicked off to a lukewarm investor response on Monday (February 9).  As of 13:27 IST, the issue received bids for 11.19 Lakh shares against 1.85 Cr, translating to a mere 6% subscription.  Retail individual investors (RIIs) have placed the highest number of bids till now, bidding for 8.08 Lakh shares against 32.36 Lakh shares on offer.…  ​Read MoreInc42 Media