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, […]