Reuters India Business

By Akash Sriram (Reuters) -Amazon.com Inc has secured rocket launches with three companies, the company said on Monday, as it spends billions on putting together a satellite constellation to beam broadband internet that will rival Elon Musk-owned SpaceX’s Starlink. The e-commerce giant said its Project Kuiper has secured 83 launches over five years and includes …

Amazon lines up satellite launches to take on Musk’s Starlink Read More »

SHANGHAI (Reuters) – Huawei Technologies paid out dividends totalling 61.404 billion yuan ($9.65 billion) to current and retired workers in its employee shareholder scheme, according to a filing with the Shanghai Clearing House. Some 131,507 current and former workers are involved in the shareholder scheme, according to the company’s 2021 annual report released last week. …

Huawei pays out $9.65 billion in dividends to current and retired staff Read More »

By Asha Sistla (Reuters) – Gold eased on Tuesday as the U.S. dollar held firm on rising prospects of more sanctions against Russia and possibly bigger interest rate hikes by the Federal Reserve to rein in inflation. Spot gold was down 0.2% at $1,928.52 per ounce by 0457 GMT. U.S. gold futures were down 0.1% …

Gold slips as dollar holds firm on safe-haven flows Read More »

NEW DELHI (Reuters) – India’s antitrust watchdog has ordered an investigation of food delivery companies Zomato Ltd and Swiggy over the companies’ apps being “neutral” platforms, the Competition Commission of India (CCI) said on Monday. The order comes months after the National Restaurant Association of India (NRAI) asked the CCI to investigate the companies for …

India’s antitrust body to probe Zomato, Swiggy over neutrality Read More »

By Nidhi Verma NEW DELHI (Reuters) – Indian Oil Corp, the country’s top refiner, Larsen & Toubro and Goldman Sachs-backed renewable energy producer ReNew Power will form a joint venture to develop the green hydrogen sector, helping India cut its carbon emissions. The three companies have signed a binding term sheet to jointly develop green …

Indian Oil Corp forms joint ventures for green hydrogen, electrolyser Read More »

MUMBAI (Reuters) – Indian mills have signed contracts to export 7.2 million tonnes of sugar in the 2021/22 marketing year without government subsidies, a leading trade body said on Monday. Mills have already dispatched around 5.7 million tonnes since the start of the marketing year on Oct. 1, the Indian Sugar Mills Association (ISMA) said …

India signs deals to export 7.2 million T sugar in 2021/22, says trade body Read More »