India’s telecom firm Reliance Jio could lose Dh7.7 billion this year

Mumbai: Reliance Jio Infocomm Ltd, India’s most profitable wireless carrier, could lose as much as Rs150 billion (Dh7.70 billion) this fiscal year when costs such as handset subsidies are included, according to analysts at Sanford C. Bernstein & Co. That would be a bigger deficit than those of its larger Indian rivals Bharti Airtel Ltd. […]

India’s economy seen losing momentum ahead of election

New Delhi: India’s economy appeared to be losing momentum in the approach to a general election that must be held by May, as a Reuters survey of economists forecast that growth slipped to 6.9 per cent annually in the October-December quarter. If the forecast proves accurate, India will post its slowest growth in five quarters, […]

Huawei to deploy Etisalat’s 5G network in UAE this year

Dubai: Abu Dhabi-based telecom operator Etisalat has selected Huawei to deploy 5G network in UAE this year.
The operator expects the partnership to enhance its digital experience and provide innovative solutions and services to its customers with the utilisation of its 5G network.
 Etisalat’s infrastructure can enable 5G connectivity today for all fixed and mobile devices […]

Rio Tinto posts best underlying earnings in four years, offloads cash

Sydney: Rio Tinto on Wednesday beat expectations when it reported its highest annual underlying earnings since 2014 and announced a bumper dividend after a string of divestments. Flush from the recent sale of its stake in the Grasberg copper mine in Indonesia and other non-core aluminium and coal assets, Rio will have returned total cash of […]