Starlink’s application to operate in India remains on hold as regulators push for a uniform security vetting process for all satellite operators—Starlink, OneWeb, GeoWeb included. NewPARA The policy debate, sparked by Elon Musk’s criticism of India’s satellite communications framework, has not yet translated into a market move; satellite‑telecom shares on the NSE and BSE have traded flat, with no observable price swing. NewPARA Foreign‑direct‑investment sentiment is the main concern, according to Kotak Mahindra Asset Management’s Nilesh Shah. He warned that a perceived lack of a level playing field could cool inflows, even if the sector’s fundamentals remain sound. NewPARA Sector analysts expect that, once policy clarity emerges, the market may price in a modest upside for domestic‑satellite providers like Jio, which have flagged the opportunity to build indigenous networks. The next policy announcement is slated for early November, a date that could see a 2–3% movement in stock prices if a clear regulatory path is disclosed. NewPARA Until then, investors can expect the satellite‑telecom space to stay largely dormant, with no earnings surprises or guidance releases expected in the next quarter.