Hello, this is Priyanka Salve, writing to you from Singapore.
Welcome to the latest edition of "Inside India" — your one-stop destination for stories and developments from the world's fastest-growing large economy.
Indian tycoon Mukesh Ambani, whose plans to launch satellite communications and dominance over the Indian telecom market have drawn the ire of Elon Musk last week, has a more pressing worry.
Jio Platforms, the company at the center of Musk's remarks, is coming up with a record IPO issue soon, but its valuation demands have met with pushback from investors who seem unconvinced of the company's positioning as a tech business.
Indian billionaire Mukesh Ambani's telecom and digital services business Jio Platforms, which was called "monopolistic" by Starlink founder Elon Musk last week, has lowered its valuation ahead of its initial public offering next week.