Inflation eases to 26-month low in Jan
India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, increasing the pressure on the RBI to cut rates to battle the country's economic slowdown. Full Article
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Reliance Comm:to repair submarine cable by next week
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.
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