Markets Nosedive
Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns
The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Reliance Comm:to repair submarine cable by next week
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
India's Reliance communication Chairman Anil Ambani speaks during a news conference in Mumbai April 30, 2007.
Credit: Reuters/Punit Paranjpe/files
NEW DELHI |
NEW DELHI (Reuters) - Reliance Communications, said it expected to repair by next week its damaged submarine cable, which along with cuts in two other cables had disrupted Internet and phone services in some parts of the Middle East and South Asia.
Breaks in the three submarine cables under the Mediterranean, including the Reliance's FLAG Europe-Asia cable, were possibly caused by a ship's anchor at the weekend.
A ship with spares was on its way to the site, Reliance said on Monday in a statement to Reuters.
Reliance said its unit, Reliance Globalcom, which operates the FLAG cable network, was working closely with its suppliers and partners to build additional capacity to meet year-end traffic of customers.
The company said it had diverted the traffic via Pacific region and customers were using the services, though some congestion was expected.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters