Category: India News

EXCLUSIVE India’s rice export curbs trap 1 mln T at ports as buyers refuse to pay duty

MUMBAI, Sept 9 – Rice loading has stopped at Indian ports and nearly one million tonnes of grain are trapped there as buyers refuse to pay the government’s new 20% export levy on top of the agreed contract price, five exporters told Reuters on Friday. India banned exports […]

India’s top court grants bail to journalist two years after his arrest

NEW DELHI, Sept 9 – India’s Supreme Court on Friday granted bail to a journalist two years after he was arrested on accusations of incitement and terrorism while reporting on the alleged rape of a young woman whose death sparked nationwide protests. Siddique Kappan, a journalist from the […]

Tractors to the rescue as floods submerge India’s tech hub

BENGALURU, Sept 6 – Authorities in the Indian city of Bengaluru used tractors on Tuesday to rescue residents of posh housing estates marooned by floods after two days of torrential rain brought chaos to the fast-growing technology hub. Many parts of the city in which several global companies […]

Former Tata Sons chair Cyrus Mistry dies in road accident

MUMBAI, Sept 4 – Cyrus Mistry, the 54-year-old former chairman of Indian conglomerate Tata Sons, died in a road accident near financial capital Mumbai on Sunday, Indian police said. Mistry was ousted as chairman of Tata Sons, the holding company of the $300-billion salt-to-software Tata conglomerate, in a […]

India cbank chief expects inflation to ease to 5% by next spring

MUMBAI, Sept 2 – India’s inflation has peaked and is expected to moderate to around 5% by the April-June quarter of next year, Reserve Bank of India Governor Shaktikanta Das said in an interview with television channel Zee Business on Friday. Inflation has remained above RBI’s 2% to […]

Indian troops join Russian military exercise despite U.S. concerns

NEW DELHI, Sept 1 – Soldiers from the Indian army have landed in Russia for a week-long military exercise, India’s defence ministry said on Thursday, days after the United States said it had concerns about any country exercising with Russia now. The Indian government said that its forces have regularly […]

Death of girl set ablaze in India’s Jharkhand state sparks anger

LUCKNOW, India, Aug 30 – Indian police on Tuesday formed a special investigative unit to probe the death of a girl who said she had been set on fire by a stalker whose marriage proposal she rejected, a case that has led to anger in a country where […]

India’s status as world’s fastest growing major economy to be short-lived: Reuters poll

BENGALURU, Aug 29 – India likely recorded strong double-digit economic growth in the last quarter but economists polled by Reuters expected the pace to more than halve this quarter and slow further toward the end of the year as interest rates rise. Asia’s third-largest economy is grappling with […]

Indian rupee slips to record low, RBI steps in

MUMBAI, Aug 29 – The Indian rupee dropped to an all-time low versus the dollar on Monday on bets the Federal Reserve will keep a restrictive stance for longer, prompting the Reserve Bank of India to step in. The rupee closed at 79.9625 per U.S. dollar, down from […]

Plumes of dust as India demolishes illegal skyscrapers

NOIDA, India Aug 28 – Indian authorities demolished two illegally constructed skyscrapers in a wide plume of dust debris on Sunday near the capital New Delhi, razing the tallest structures ever pulled down in the country in less than 10 seconds. Crowds watching the collapse from rooftops on […]

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