Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Google will invest up to $1 billion in India's second-largest mobile operator, Airtel, the companies said Friday, as the Android-maker looks to bolster its presence in the vast nation's booming telecoms market.
The global tech giant will buy a $700 million stake in billionaire Sunil Mittal's Bharti Airtel, giving it 1.28 per cent ownership, the firms said in a joint statement.
Up to $300 million more will be invested in "mutually agreeable" commercial projects over the next five years, including exploring opportunities to "bring down the barriers of owning a smartphone" in the price-conscious market.
"We are proud to partner on a shared vision for expanding connectivity and ensuring equitable access to the internet for more Indians," Sundar Pichai, the Indian-born chief executive of Google parent Alphabet said in a statement.
Google already holds a 7.7-percent stake in Indian market leader Reliance Jio, owned by Asia's richest man, Mukesh Ambani, following a $4.5-billion investment in 2020.
The two companies collaborated on a 4G-enabled, low-cost smartphone that launched in November last year.
Jio has been locked in fierce competition with Airtel and British telecoms giant Vodafone's local unit Vi since it kicked off a price war in 2016 by offering dirt-cheap internet and free calls.
Spot gold was trading at $2,384.14 per ounce at 9.25 am UAE time, up 0.17 per cent
Passengers already in Dubai and in transit will continue to be processed for their flights, the airlines said
The airline also suspended flights to Iran amid reports of an Israeli strike
Expect fair to partly cloudy conditions today with chances of fog and mist formation in some areas
Iran fired air defense batteries after reports of explosions near a major airbase at the city of Isfahan
Other requests include residents seeking assistance with cleaning mud accumulation, restoring damaged furniture
Many students wade through waist-deep water to head to neighbour's house for online classes
With 30% of their inventory damaged, owners of Preloved Books now face the daunting task of rebuilding from scratch