Reuters India Business

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 »

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 »

By Shivani Singh BENGALURU (Reuters) -Indian shares ended more than 1.5% higher on Tuesday, with banking and metal stocks bouncing back from the previous session after fears about the potential severity of the Omicron coronavirus variant eased. At the closing bell, the blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex were both …

Indian shares end higher on bank, metals boost as Omicron jitters wane Read More »