(Reuters) – The Reserve Bank of India’s monetary policy committee (MPC) kept its key lending rate steady at record lows on Wednesday, as expected, with policymakers looking to gauge the impact of the Omicron coronavirus variant on the economic recovery. The committee held the lending rate, or the repo rate, at 4%. The reverse repo …
India’s central bank leaves rates on hold amid Omicron risks Read More »
By Indradip Ghosh BENGALURU (Reuters) – House price rises in India will gradually accelerate over the coming years but undershoot consumer inflation at least until 2023, according to a Reuters poll of property analysts who expect affordability to improve. Housing market activity was struggling before the COVID-19 pandemic as many home builders were still starved …
Indian house prices to lag inflation; affordability to improve Read More »
By Eva Mathews (Reuters) -A major outage disrupted Amazon’s cloud services on Tuesday, temporarily knocking out streaming platforms Netflix and Disney+, Robinhood, a wide range of apps and Amazon.com Inc’s e-commerce website as consumers shopped ahead of Christmas. “Many services have already recovered, however we are working towards full recovery across services,” Amazon said on …
Amazon cloud outage hits major websites, streaming apps Read More »
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -Global equity markets and oil prices surged on Tuesday after a timely shot of Chinese stimulus helped spark a rally that was further fueled by views that the Omicron COVID-19 variant will not cause major economic damage. The Nasdaq jumped 3% as technology shares bounced back, …
NEW DELHI (Reuters) – India’s protesting farmers have received a proposal from the government addressing some of their demands, including minimum support prices for all produce, not just rice and wheat, farm union leaders said on Tuesday. Tens of thousands of farmers have staged long-running protests to persuade Prime Minister Narendra Modi to repeal three …
Indian farming union to evaluate latest government offers Read More »
NEW DELHI (Reuters) – India has no current plans to allow extra imports of soymeal, a key animal feed, its trade minister Piyush Goyal said on Tuesday, despite calls from livestock breeders for more shipments to cool high prices. Last month, the All India Poultry Breeders Association asked the government to allow imports of 550,000 …
India has no plans to allow extra soymeal imports – trade minister Read More »
(This December 6 story corrects typographical error in executive’s name in seventh paragraph) By Sankalp Phartiyal NEW DELHI (Reuters) – Indian software services exporter HCL Technologies said on Monday it will create 12,000 new jobs in the United States through the next five years as part of a plan to shore up business and enhance …
India’s HCL Tech says to hire 12,000 in U.S. over 5 years Read More »
By Ana Mano SAO PAULO (Reuters) – India surpassed Brazil in food exports to the League of Arab States for the first time in 15 years as the COVID-19 pandemic disrupted trade flows in 2020, according to data provided by the Arab-Brazil Chamber of Commerce to Reuters on Tuesday. The Arab world is among Brazil’s …
Exclusive-India unseats Brazil as No.1 food supplier to Arab nations after 15 years Read More »
DUBAI (Reuters) – Abu Dhabi state-owned Chemicals Derivatives Company (TA’ZIZ) and Indian conglomerate Reliance Industries have agreed to start a more than $2 billion chemical production partnership in Ruwais, Abu Dhabi, TA’ZIZ said in a statement on Tuesday. The joint venture, called TA’ZIZ EDC & PVC, will construct and operate a chlor-alkali, ethylene dichloride (EDC) …
Abu Dhabi chemical company, India’s Reliance form $2 billion production JV Read More »
By Aftab Ahmed and Nupur Anand MUMBAI (Reuters) – Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill …
Proposed India bill banning crypto payments could mean jail for violations -document Read More »
