Reliance Industries shares in focus as Mukesh Ambani eyes satellite foray to take on Starlink

Synopsis Reliance Industries is evaluating a multi-billion-dollar entry into satellite communications, focusing on low Earth orbit networks under Jio Platforms. The initiative aims to strengthen India’s strategic capabilities amid rising global competition, with discussions underway on technology partnerships, orbital slots and potential acquisitions as the company explores long-term opportunities in future. Shares of Reliance Industries will be in focus heading into Wednesday’s trade after The Economic Times reported that the company is weighing a large-scale entry into the satellite communications space, with potential investments running into billions of dollars. The move would position the Mukesh Ambani-led group against players such…