Reuters India Business

NEW DELHI (Reuters) – Indian billionaire tycoon Mukesh Ambani, who controls India’s biggest wireless carrier Reliance Jio Infocomm, said on Wednesday the country should prioritise the rollout of 5G telecommunications and also ensure devices become affordable. India, the world’s second-biggest telecoms market with more than a billion subscribers, must migrate from 2G to 4G and …

Indian billionaire Ambani says 5G rollout should be nation’s priority Read More »

(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 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, …

Bulls take charge as Omicron concerns ease 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 »