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The Reserve Bank of India (RBI) is considering easing investment norms for regulated entities (REs) in alternative investment funds (AIFs), following earlier restrictions aimed at financial discipline. A draft proposal suggests capping a single RE’s contribution to an AIF scheme at 10% of its corpus, with a 15% ceiling for all RE investments in a scheme.

Indian space technology company InspeCity has announced a $5.6-million seed-funding round to power its vision of sustainable space operations.

Solar Defence and Aerospace (SDAL) successfully tested Bhargavastra, a low-cost counter-drone system, at the Gopalpur firing range. The system uses micro rockets to neutralize drone swarms, marking progress in India’s drone defense capabilities. Prime Minister Modi reviewed indigenous defence projects, including the Nagastra-3 loitering munition, highlighting advancements in India’s defence technology.

Elon Musk’s Starlink has reportedly cleared a significant regulatory barrier for its entry into the Indian market. According to a report by The Economic Times, the company has obtained a Letter of Intent (LoI) for a license from the Department of Telecommunications (DoT) to provide satellite internet in the country.