Ferrari CEO Benedetto Vigna defended the company’s innovative approach as its first all-electric car, the Luce, made its India debut in New Delhi on October 17, 2026. In an interview with Hindustan Times, Vigna said true innovation requires pushing boundaries rather than simply following public opinion. The Luce features four electric motors producing 1,035 horsepower and a 122 kWh battery, with a claimed range of approximately 529 km. Despite criticism of its design, Vigna expressed confidence in the vehicle. Ferrari views electric technology as an addition to its portfolio, not a replacement for traditional petrol-powered sports cars. (PC: HT)

Starlink, Elon Musk’s satellite internet company, has responded to Reliance Industries amid an ongoing dispute over competition and its entry into India. On October 17, 2026, Starlink said it had worked with Indian regulators, industry partners and operators for over five years and built dedicated infrastructure in the country with the required government approvals. Reliance, led by Mukesh Ambani, welcomed competition but stressed that all companies must follow Indian laws. However, Starlink’s statement does not mean commercial services can begin immediately; spectrum allocation and security clearances remain important requirements. The dispute highlights growing competition in India’s satellite internet market. (PC: Reuters)

Reliance Industries has said it welcomes competition in satellite communications, including Elon Musk’s Starlink, amid allegations that powerful business interests are obstructing Starlink’s entry into India. The company emphasised that Indian and foreign applicants must follow the same government procedures and comply with the country’s laws and policies. Reliance also noted that Jio’s satellite services are awaiting regulatory clearances. Highlighting its telecom journey, the company said Jio entered the market in 2016 without any customers and has since gained over 530 million customers. Reliance described competition as the truest test of which company serves customers best, stressing that all players must operate within India’s legal framework.(PC: The Economic Times)

Reliance Industries on October 16, 2026, said it does not fear competition and welcomes Elon Musk’s Starlink into India’s satellite internet market. The statement followed Musk’s allegations that powerful business interests were obstructing Starlink’s entry to protect existing monopolies. Reliance, led by Mukesh Ambani, maintained that Indian regulations apply equally to domestic and foreign companies, adding that Jio’s satellite internet services are also awaiting necessary clearances. The company highlighted Jio’s growth to over 530 million customers since 2016. Starlink, Jio and Bharti-backed Eutelsat OneWeb still require security clearances before launching commercial satellite broadband services. (PC: AP)

Reliance Industries has welcomed competition from Elon Musk’s Starlink in India’s satellite communications market, insisting that every operator must comply with Indian laws and regulations. The statement follows Musk’s criticism of alleged obstacles delaying Starlink’s commercial launch in the country. Reliance clarified that the government applies the same approval process to domestic and foreign companies, adding that Jio’s own satellite services are also awaiting clearances. The company said competition benefits consumers and highlighted Jio’s growth to over 530 million customers. The dispute comes amid growing competition and regulatory scrutiny in India’s satellite internet sector. (PC: ITG)

India and the United States have finalised the first phase of their proposed trade agreement, Commerce Minister Piyush Goyal said on Thursday. The deal is now undergoing legal drafting, with officials hoping to complete the process soon. Goyal said India would operationalise the agreement after securing a competitive advantage over rival exporters. Commerce Secretary Rajesh Agrawal said negotiations were progressing positively, but signing would depend on the US finalising its tariff structure. External Affairs Minister S Jaishankar also said discussions were nearing a conclusion. The two countries have been negotiating the trade pact since early 2025 to improve market access and address tariff barriers. (PC: NDTV)

Gold prices in New Delhi fell by ₹1,400 to ₹1.53 lakh per 10 grams on October 12, as a stronger rupee and weak global market trends weighed on bullion prices. The price of 99.9% pure gold stood at ₹1,54,400 per 10 grams at Friday’s close.   Silver prices also declined by ₹2,000 to ₹2,26,500 per kilogram, according to the All India Sarafa Association. The rupee gained 96 paise against the US dollar, recording its strongest single-day rise in more than 6 months. Investors are now watching the dollar, US bond yields and upcoming inflation data for further market signals. (PC: X)

Elon Musk has questioned why Starlink has not begun commercial operations in India despite spending five years complying with Indian laws. He alleged that powerful business interests were obstructing its entry to protect their market dominance, indirectly referring to Reliance chairman Mukesh Ambani. The Union government rejected the allegations, describing India’s satellite communication approval framework as fair and non-discriminatory. Starlink, Reliance Jio’s satellite venture and Bharti-backed Eutelsat OneWeb have received licences but are awaiting security clearances and other regulatory approvals. The delay continues to postpone Starlink’s planned satellite internet services in India. (PC: X)

Ratan Tata’s beloved pet dog Goa was injured in a car accident outside Bombay House, the Tata Group headquarters in Mumbai’s Fort area, on Thursday. The dog was taken inside the building, described as his favourite space, where he received prompt medical attention. Noel Tata also visited to check on him. By evening, Goa was reportedly doing well, apart from howling when his injured paw was touched. Parish priest Fr Joseph D’Souza said Goa was on the road to recovery and expected to be the “showstopper” at the Blessing of Pets ceremony at Our Lady of Health Church in Cavel, Kalbadevi, scheduled for Sunday, October 11. The report did not provide further details about the accident. (PC: X)

The US Department of Labour has suspended major IT outsourcing firms, including Infosys, TCS, Wipro and HCL, from the Permanent Labour Certification Program (PERM), alleging abuse of the system used to sponsor foreign workers for permanent residency. PERM is a labour certification generally required before employers can sponsor foreign workers for employment-based green cards, although it does not apply to every green-card category. The report also states that Microsoft and Adobe were suspended amid federal investigations, while nine universities face probes over alleged wage undercutting. The suspensions could affect major Indian IT companies that rely on foreign-worker programmes, although the article provides no further details about the specific allegations or duration of the suspensions.