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Four dead, two injured in landslide at NMDC’s Chhattisgarh mine

NEW DELHI/BENGALURU (Reuters) -Four people were killed and two injured in a landslide at NMDC’s iron ore mine in Dantewada in the central Indian state of Chhattisgarh, the company said on Wednesday. “Four lives were lost due to collapse of a rock formation on the hillside,” NMDC, India’s largest state-owned iron ore miner, said in …

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With handouts, piped water and cooking gas, India’s Modi woos women voters

By Shivangi Acharya BHOPAL, India (Reuters) – Living in a slum in central India with her widowed mother and two young daughters, Nayantara Gupta says she owes her relative prosperity in recent years to Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP). Gupta, a 28-year-old single mother, said she voted for the BJP …

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Rupee may struggle on repeated failure at resistance, weak Asian peers

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to be under some pressure on Wednesday on the back of losses in Asian peers and following the currency’s failure to move past an important resistance. Non-deliverable forwards indicate the rupee will open flat-to-slightly weaker to the U.S. dollar from 82.8975 in the previous …

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India court bars yoga guru’s Patanjali from publishing some medicine ads

By Arpan Chaturvedi NEW DELHI (Reuters) – India’s top court on Tuesday barred consumer firm Patanjali Ayurved, co-founded by one of country’s most popular yoga gurus, from publishing advertisements for its traditional ayurvedic medicines that claim to cure some diseases. The Supreme Court order was issued in an ongoing legal dispute with the Indian Medical …

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Indian telco Vodafone Idea plans to raise over $5 billion to roll out 5G, expand 4G

By Rama Venkat BENGALURU (Reuters) -India’s Vodafone Idea said on Tuesday it plans to raise around 450 billion rupees ($5.43 billion) through equity and debt, which will help the debt-saddled telecom company roll out its 5G network service and expand 4G coverage. The 200-billion rupee equity fundraise, which was approved by the board, will see …

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Nita Ambani likely to be chair of India’s merged Reliance-Disney media business – sources

By Aditya Kalra NEW DELHI (Reuters) – Nita Ambani, wife of Indian billionaire Mukesh Ambani, is likely to be appointed chair of the board when Reliance Industries and Walt Disney merge their India media assets, two sources familiar with the plans said. Reliance, controlled by the Ambani family, and Disney are closing in on signing …

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India cenbank tweaks rules to standardise filing of supervisory returns by banks

MUMBAI (Reuters) – Indian banks will have to submit all audited returns to the central bank within five working days from the date of signing of the auditor’s report, a Reserve Bank of India (RBI) circular showed on Tuesday. Previously, banks had to submit all audited returns to the RBI within seven days from the …

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India to conduct another household survey before changing CPI- officials

By Manoj Kumar NEW DELHI (Reuters) – India will conduct another survey of household consumption as well as of items and brands at retailers to obtain a comprehensive picture of domestic spending before revising the consumer price index (CPI), two government officials said. Over the weekend, the government released initial findings of the 2022/23 household …

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India’s thermal coal imports seen falling for first time since pandemic

By Sethuraman N R and Brijesh Patel BAMBOLIM, India (Reuters) – India’s thermal coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India …

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