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NEW DELHI/LONDON, July 18 (Reuters) - India and Britain are expected to seal a long-awaited free trade deal next week, two Indian government sources said, granting Indian textiles and electric vehicles some duty-free access to the UK market and easing British exports of whisky, cars and food. In May, both countries announced the conclusion of trade negotiations after three years of stop-start negotiations, aiming to increase bilateral trade, remove trade barriers and allow duty-free entry of go ...Read More >
Heat threatens children's education * Aircon fuels global warming * Architects turn to passive cooling By Emma Batha LONDON, July 16 (Thomson Reuters Foundation) - When prize-winning architect Francis Kere was growing up in Burkina Faso he spent his schooldays in a gloomy classroom that was so stifling he says it would have been better suited to making bread than educating children. Years later, while studying abroad, Kere returned to his home village to build a light and airy school wher ...Read More >
Patna, July 17 (SocialNews.XYZ) The Election Commission of India (ECI) has issued a categorical rebuttal to a viral video shared by YouTuber Ajit Anjum, calling it "false and misleading" amid ongoing political debate over the Special Intensive Revision (SIR) of electoral rolls in Bihar. The video, which claimed that a Booth Level Officer (BLO) in Patna was seen filling out and signing several voter forms, sparked political reactions and public concern. RJD MP Manoj Jha amplified the video on s ...Read More >
New Delhi, Jul 17 (PTI) The Panchayati Raj Ministry on Thursday said it has brought together 19 partner institutes of planning and architecture to prepare spatial development plans for 36 gram panchayats across 14 states as a pilot project. A two-day workshop in this regard, titled 'Navingram --" Re-Imagining the Village', commenced in Madhya Pradesh capital Bhopal on Thursday, the ministry said in a statement. A Gram Panchayat Spatial Development Plan (GPSDP) is a comprehensive plan that guid ...Read More >
July 17 (Reuters) - Indian IT services exporter LTIMindtree (LTIM.NS), opens new tab reported first quarter revenue just below estimates on Thursday, as cautious spending by clients slowed growth in its key North America market to the lowest in over a year. Persistent inflation, weak demand and U.S. trade policy uncertainties are delaying non-essential tech projects, weighing on hopes of a rebound for India's $283 billion IT sector. Clients in the banking, financial services and insurance (BFS ...Read More >
MUMBAI, July 17 (Reuters) - India's largest property developer DLF (DLF.NS), opens new tab expects to review offers from potential partners, as it works on a project to build luxury flats in a slum area of Mumbai that marks its return to the city, it said on Thursday. DLF left Mumbai more than a decade ago, when it sold off land to reduce debt and turned its focus to New Delhi and regions around the capital. It had since become one of India's largest luxury property developers, building premiu ...Read More >
Bhubaneswar, July 17 (UNI) The Criminal Investigation Department (CID) of Odisha police on Thursday arrested two fraudsters on the charge of cheating Rs 1.56 crore from a woman in Odisha's Cuttack district on the pretext of higher returns in online gaming platforms. The CID sleuths acted on a complaint filed by Mamata Rout (38), a native of Balisahi village under the Salipur police station jurisdiction of Cuttack, alleging that she was cheated to the tune of Rs 1.56 crore by the accused persons ...Read More >
NEW DELHI, July 17 (Reuters) - India's aircraft accident investigation body said on Thursday it was too early to reach any "definite conclusions" on what led to the deadly Air India Boeing plane crash last month that killed 260 people. "We urge both the public and the media to refrain from spreading premature narratives that risk undermining the integrity of the investigative process," Aircraft Accident Investigation Bureau (AAIB) chief GVG Yugandhar said, adding that the investigation is still ...Read More >
BENGALURU, July 17 (Reuters) - Indian private lender Axis Bank (AXBK.NS), opens new tab reported a surprise drop in first-quarter profit on Thursday, as it set aside more funds for potential bad loans and as its lending margin contracted. The standalone net profit at India's fourth-largest private lender by market capitalisation fell 4% to 58.06 billion rupees ($674.8 million) for the quarter ended June 30 from 60.35 billion rupees a year earlier. Analysts had expected a profit of 63.73 billion ...Read More >
NEW DELHI, July 17 (Reuters) - India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions, Oil Minister Hardeep Singh Puri said on Thursday. Earlier this week, U.S. President Donald Trump warned that countries purchasing Russian exports could face sanctions if Moscow fails to reach a peace agreement with Ukraine within 50 days. Separately, NATO Secretary General Mark Rutte warned on Wednesday that some countries, including India, cou ...Read More >
VMPL New Delhi [India], July 15: In a defining moment for Indian luxury jewellery, Zoya- India leading luxury jewellery atelier from the Tata Group--unveils a limited-edition capsule in collaboration with globally acclaimed British designer and curator Alice Cicolini, marking the first international creative partnership for an Indian luxury jewellery atelier. Born out of deep mutual admiration of Indian craft, the capsule pays homage to enamel--one of India most poetic art forms in luxury. Ins ...Read More >
NEW DELHI, July 15 (Reuters) - India's unemployment rate remained steady at 5.6% in June compared to the previous month, helped by a fall in joblessness in rural areas, the statistics ministry said on Tuesday. The unemployment rate in June among the 15 years and above age group in rural parts of the country fell to 4.9% from 5.1%, while it rose in urban areas to 7.1% from 6.9% in May, according to the data. This was the third monthly labour force data release covering both urban and rural area ...Read More >
NEW DELHI, July 15 (Reuters) - India's merchandise trade deficit (INTRD=ECI), opens new tab in June stood at $18.78 billion, according to Reuters' calculations based on export and import data released by the Ministry of Commerce & Industry on Tuesday. Economists had expected the June trade deficit to be at $22.24 billion, according to a Reuters poll, compared to $21.88 billion in the previous month. Exports of goods stood at $35.14 billion in June while imports were at $53.92 billion, compared ...Read More >
July 14 (Reuters) - India said on Monday it has achieved 50% of its installed electricity capacity from non-fossil fuel sources -- five years ahead of its 2030 target under the Paris Agreement, signalling accelerating momentum in the country's clean energy transition. WHY IT'S IMPORTANT The announcement comes as India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, while coal-fired generation declined nearly 3%. Fossil fuels still accounted for over two ...Read More >
July 14 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank's tolerance band, as food prices continued to ease, making a case for further interest rate cuts. Inflation was lower than the 2.5% estimated by economists in a Reuters poll. Retail inflation was at 2.82% in May. COMMENTARY: GAURA SEN GUPTA, CHIEF ECONOMIST, IDFC FIRST BANK, MUMBAI "The moderation in inflation is led by ...Read More >
NEW DELHI, July 11 (Reuters) - India needs to increase its petrochemical production capacity to meet local and global demand and contain China's growing dominance of the sector, a senior Reliance Industries official said on Friday. Petrochemical margins have shrunk across the world as China's capacity expansion has created a surplus. For some of its refiners, up to 40%-50% of their output can be petchems, more than double typical capacity levels in India. India's petrochemical demand for now i ...Read More >
July 10 (Reuters) - Zee Entertainment Enterprises (ZEE.NS), opens new tab on Thursday failed to secure the required shareholder votes to raise funds by issuing warrants, blocking plans by the founding Goenka family to increase their stake in the broadcaster. The setback comes after the company aggressively cut costs and focused on improving performance in its core businesses following a failed merger with Sony Group Corp's (6758.T), opens new tab India assets. Only 59.5% of shareholders who pa ...Read More >
July 10 (Reuters) - The Indian markets regulator's ban on Wall Street trading giant Jane Street has squeezed volumes in the country's options market, but traders expect activity to snap back as larger investors step in. The Securities and Exchange Board of India (SEBI) on July 4 barred Jane Street from trading and froze $567 million of its funds for manipulation of stock indexes through derivative positions. Jane Street told staff it plans to challenge the order, calling the trades in question ...Read More >
NEW DELHI, July 10 (Reuters) - Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters. China, which produces around 90% of the world's rare earth magnets, put restrictions in April on their export, and while it has restarted some supplies to the United States and Europe, Indian companies are st ...Read More >
NEW DELHI, July 10 (Reuters) - A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components, steel, and farm goods. India is among the few countries that are still negotiating a trade deal with Washington, as President Donald Trump ramps up his trade war with the threat of sharply higher tariffs from August 1. A team of Indian officials on an extende ...Read More >
July 9 (Reuters) - Ontario Teachers' Pension Plan (OTPP) said on Wednesday that it has agreed to sell its majority stake in India's Sahyadri Hospitals Group to Temasek-backed Manipal Hospitals. The pension fund, which acquired the stake in Sahyadri Hospitals in 2022, did not disclose the value of the stake sale. Manipal Hospitals said in a statement that the deal would increase its total bed count to about 12,000, making it one of India's largest hospital networks. In June this year, KKR (KKR ...Read More >
July 7 (Reuters) - India's retail individual traders in the equity derivatives segment made net losses in fiscal 2025 that widened by 41% to 1.06 trillion rupees, the country's markets regulator said in a study on Monday. The study comes against the backdrop of a surge in derivatives trading, driven by retail investors, that has prompted the Securities and Exchange Board of India (SEBI) to limit the number of contract expiries and increase lot sizes to make such trades more expensive. The tigh ...Read More >
New Delhi, July 6 (UNI) The Indian government today stated it has not sought blocking of news agency Reuters' X account and said the withholding of the account was a "mistake" on the part of the micro-blogging site The Indian government's comments came in response to a notice shown on the Reuters' X account in India that it had been withheld in response to a legal demand. Denying they have made any such demand lately, a government official said a detailed explanation has been sough from X. "A ...Read More >
HYDERABAD, July 4 (Reuters) - India on Friday unveiled a series of steps to increase copper output, including encouraging foreign firms to set up smelters and refineries in the country in exchange for state-owned firms investing in their overseas mining operations. The document, parts of which were first reported by Reuters last week, said India - the world's second-biggest refined copper importer - may have to import 91%-97% of its copper concentrates by 2047. Despite an estimated 12.2 millio ...Read More >
July 4 (Reuters) - Shares of some Indian stockbrokers and exchange operator BSE (BSEL.NS), opens new tab fell on Friday after the country's markets regulator banned U.S. trading firm Jane Street from the local securities market over alleged manipulation in derivatives trading. The share of algorithmic, or algo, trading in India's equity options market jumped to 62% of premium turnover in fiscal 2025, from 21% in 2010-11, data from the National Stock Exchange showed. India is the world's largest ...Read More >
July 4 (Reuters) - Shares of India's Trent (TREN.NS), opens new tab fell more than 7% in morning trade on Friday, after the Tata-owned retailer's near-term growth forecast at its annual general meeting fell short of investor expectations. Shares of Trent were the top percentage losers in the benchmark Nifty 50 (.NSEI), opens new tab index, which was largely flat on the day. "During their commentary, the management mentioned the growth trajectory for Q1FY26, which seems to be underwhelming give ...Read More >
July 4 (Reuters) - India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim orde ...Read More >
July 4 (Reuters) - India's market regulator said it had barred global fund Jane Street from accessing the nation's securities market, after an investigation into alleged market manipulation. The Securities and Exchange Board of India (SEBI) posted an order on its website dated July 3 outlining that Jane Street would no longer be able to participate in the domestic securities market. Jane Street did not immediately respond to a request for comment from Reuters. SEBI said it would 'impound' 48. ...Read More >
NEW DELHI, July 2 (Reuters) - An Indian court has revived nine-year-old lawsuits filed by Crocs Inc (CROX.O), opens new tab which accused several Indian companies of launching footwear identical to its popular rubber clogs, allowing the U.S. firm to press ahead with its infringement challenges. The court's announcement late on Tuesday comes just as another international brand, Prada, is facing heat in India for showcasing sandals during a Milan fashion show which were similar to Indian ethnic f ...Read More >
July 2 (Reuters) - A shareholder in India's Nykaa (FSNE.NS), opens new tab, Hong Kong-based investor Harindarpal Singh Banga and his family, plan to sell stake worth 12.84 billion rupees ($149.93 million) in the beauty products retailer through a block deal, news portal NDTV Profit reported on Wednesday. The sale will likely be at a 4% discount to Nykaa's current market price, the report said, citing people aware of the development. Nykaa's shares closed 2.2% higher at 211.59 rupees. The compa ...Read More >
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