Welcome to Markets Desk, your midday read on the stories moving money and markets.
Elon Musk is taking direct aim at India's telecom establishment, accusing what he calls oligarchs of deliberately blocking Starlink's entry into the country to shield their own consumer dominance. The accusation adds fresh tension to an already complicated regulatory standoff between SpaceX and Indian authorities, with billions in potential market access hanging in the balance.
Shifting to equities, Indian shares are expected to open lower Thursday as global investors grow increasingly uneasy about volatility spreading through currency and bond markets. The pressure is regional but reflects a broader nervousness — when bond markets move erratically, risk appetite tends to pull back fast, and emerging market equities feel that first.
And in the energy space, Constellation Energy is quietly becoming the go-to power provider for Big Tech's nuclear ambitions. Multiple major technology companies have now signed deals with the same firm, reflecting a broader strategic push to secure clean, reliable baseload power for the enormous energy demands of artificial intelligence infrastructure and data centers. That concentration of counterparty risk is worth watching closely.
That's the tape. Markets Desk, signing off the floor.
