Reuters Asia - Squid Business

Reliance Jio’s new 5G plans may impact Bharti Airtel’s key metrics- JP Morgan

BENGALURU (Reuters) – The launch of cheaper postpaid plans with unlimited 5G by Reliance’s Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric, JP Morgan analysts said on Thursday. Jio, the telecoms unit of Indian conglomerate Reliance Industries, launched new postpaid …

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Bangladesh to allow Bhutan access to its ports for trade

By Gopal Sharma KATHMANDU (Reuters) – Bangladesh will open up three of its ports for Bhutan to facilitate trade with other countries, the Bhutanese government said on Thursday, a step that is expected to help the landlocked Himalayan nation reduce its dependence on India for transit. Wedged between China and India, Bhutan depends solely on …

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Indian court orders Rahul Gandhi to two years in jail for Modi comment

By Sumit Khanna and Arpan Chaturvedi AHMEDABAD, India (Reuters) -A lower court in India sentenced opposition leader Rahul Gandhi on Thursday to two years in jail on charges of defamation for a 2019 speech in which he referred to thieves as having the surname Modi. Gandhi will appeal against the order in a higher court, …

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Chinese firm invents lockdown-inspired kissing machine for remote lovers

SHANGHAI (Reuters) -A Chinese start-up inspired by lockdown isolation has invented a long-distance kissing machine that transmits users’ kiss data collected through motion sensors hidden in silicon lips, which simultaneously move when replaying kisses received. The MUA – named after the sound people commonly make when blowing a kiss – also captures and …

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Russia cannot meet arms delivery commitments because of war, Indian Air Force says

By Krishn Kaushik NEW DELHI (Reuters) – Russia is unable to deliver vital defence supplies it had committed to India’s military because of the war in Ukraine, the Indian Air Force (IAF) says. New Delhi has been worried that Moscow’s invasion of Ukraine in February 2022 could affect military supplies from India’s largest source of …

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TotalEnergies says investments in Adani entities comply with Indian laws

PARIS (Reuters) – French oil major TotalEnergies said on Thursday its investments in three subsidiaries of embattled Indian conglomerate Adani were undertaken in full compliance with Indian laws and with TotalEnergies’ own governance processes. The group, responding to a Le Monde report detailing allegations of financial irregularities that short-seller Hindenburg Research has levelled against Adani, …

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Stop, there’s a zebra crossing! Escaped beast roams Seoul streets

By Hyunsu Yim SEOUL (Reuters) – A zebra escaped from a zoo in the South Korean capital Seoul on Thursday and wandered the streets of a residential district for three hours before being caught and taken home. Bemused pedestrians looked on as the beast trotted past cars, wandered down a street and poked its nose …

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India’s Tata Group mulls pumping $2 billion into super app venture -Bloomberg News

BENGALURU (Reuters) -Indian salt-to-software conglomerate Tata Group is considering injecting another $2 billion into its super app venture to bolster its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. The funds would help the group’s online platform Tata Neu strengthen its digital offerings, fix technical glitches, and meet any new …

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China to stabilise automobile, consumer electronics consumption

BEIJING (Reuters) – China will make efforts to stabilise automobile, consumer electronics consumption, and expand home appliances and green building materials consumption, the Ministry of Industry and Information Technology said on Thursday. The country will also consolidate its leading position in industries such as new energy vehicles, photovoltaic equipment, mobile communications and power equipment, the …

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Spain’s PM Sanchez, China’s Xi to discuss Ukraine next week

MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez said on Thursday he would discuss the ongoing war in Ukraine with Chinese President Xi Jinping during a state visit to China next week, with a view to reaching a lasting peace there. Madrid announced Sanchez’ state visit to China on Wednesday evening saying it followed a …

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