Communication Services

India has opened up its space sector to private players, allowing them to engage in a wide range of activities from building and launching satellites to setting up ground stations and sharing remote sensing data. This move is expected to boost the country's space sector by attracting private investment and fostering innovation.

The latest report from the Telecom Regulatory Authority of India (Trai) reveals that the top five service providers hold a significant 98.36% market share of the total broadband subscribers in March 2024. The telecom subscriber base grew slightly to 119.9 crore, with Reliance Jio and Bharti Airtel contributing to the increase, leading to a total of 1,199.28 million telephone subscribers in India.

Sony Pictures and private equity firm Apollo Global Management have emerged as potential buyers for Paramount Global in a deal that could value the media giant at $26 billion. This potential acquisition comes amidst a period of uncertainty for Paramount Global, including the departure of CEO Bob Bakish and the exploration of a possible merger with Skydance.

Islamabad police have issued new guidelines prohibiting officers from wearing uniforms while off-duty, and they must only wear them while on duty and in pairs. In a bid to enhance public safety and community well-being, the police have also launched a mobile application called ICT-15 App for residents to report concerns and incidents.

Google has been obligated by the Japanese Fair Trade Commission (FTC) to comply with a corrective action plan for unfairly restricting a rival's search advertising business. This action marks the first administrative measure against Google based on the Anti-Monopoly Law in Japan, setting a precedent for future antitrust investigations against Big Tech companies.