Edition:
India

Sankalp Phartiyal

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

12 Aug 2019

MUMBAI/COLOMBO India's Reliance Industries Ltd on Monday announced a partnership with Microsoft's Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and Alphabet's Google .

Sri Lanka wartime defense chief Gotabaya Rajapaksa launches presidential bid

11 Aug 2019

COLOMBO Sri Lanka's main opposition party named a hardline former defence chief as its presidential candidate on Sunday, seeking to capitalise on public clamor for a decisive leader after deadly Easter day bombings.

Sri Lanka risks losing debt market access if future government policy changes

09 Aug 2019

COLOMBO Sri Lanka could lose access to global debt markets if a new government shifts away from the country's current fiscal policy that's aimed at shoring up the economy and managing inflation, a central bank official said on Friday.

SriLankan Airlines to post loss of up to $160 million due to Easter attacks: CEO

07 Aug 2019

COLOMBO Sri Lanka's state-run airline is set to report a loss of up to$160 million loss this year, as tourism in the island nation suffers following the Easter bombings, the carrier's chief executive said.

Indian court asks central bank to confirm WhatsApp's compliance with local data rules

02 Aug 2019

MUMBAI India's top court has given the central bank six weeks to report on whether WhatsApp had complied with data localization norms as the Facebook-owned messenger gears up to launch a payments service in the country, a person involved in the matter said.

Wipro tops profit forecast on demand from key clients

17 Jul 2019

BENGALURU/MUMBAI Indian software services exporter Wipro Ltd reported a 13% rise in first-quarter profit thanks to robust demand from financial clients and said its main information technology business could show modest growth in the current quarter.

Infosys raises revenue forecast on upbeat demand for digital services

12 Jul 2019

BENGALURU/MUMBAI India's second-biggest software services firm, Infosys Ltd, raised its revenue forecast for the year on Friday, betting on upbeat client demand for its new-age digital services such as cloud, data and analytics.

RPT-Apple's India-made top-end iPhones to hit stores next month-source

12 Jul 2019

MUMBAI, July 11 Apple Inc's top-end iPhones, assembled in India by Foxconn's local unit, are likely to hit Indian stores next month, a source said, potentially helping the tech giant drop prices in the world's second-biggest smartphone market.

Apple's India-made top-end iPhones to hit stores next month: source

11 Jul 2019

MUMBAI Apple Inc's top-end iPhones, assembled in India by Foxconn's local unit, are likely to hit Indian stores next month, a source said, potentially helping the tech giant drop prices in the world's second-biggest smartphone market.

India brings down bodies of seven climbers killed in avalanche

03 Jul 2019

MUMBAI Indian authorities on Wednesday airlifted the bodies of seven climbers killed in an avalanche near the country's second highest mountain in May to the biggest town in the area for identification and repatriation, officials said.

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