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Key allies of India’s Modi demand nearly $6 billion for their states this year – document shows

By Sarita Chaganti Singh and Nikunj Ohri NEW DELHI (Reuters) – Two key allies of Indian Prime Minister Narendra Modi have asked for about $6 billion in funds for their home states, pressuring the federal government to raise spending when it presents its budget later this month, according to a document reviewed by Reuters and …

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Bain-backed Emcure Pharma’s $234 million India IPO draws $11 billion in bids

By VarunVyas Hebbalalu and Kashish Tandon BENGALURU (Reuters) – India’s Emcure Pharmaceuticals [EMCU.NS] drew strong interest for its $234 million initial public offering (IPO) as investors bet on its slate of women’s healthcare and HIV treatments to drive growth in a high-margin market. The Bain Capital-backed company’s IPO was fully subscribed on the first day …

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Modi to seek early discharge of Indians from Russian army in Moscow talks

By Sakshi Dayal and Tanvi Mehta NEW DELHI (Reuters) -The early discharge sought by India of its nationals who were “misled” into serving in the Russian army is expected to be discussed during Prime Minister Narendra Modi’s visit to Moscow next week, his foreign secretary said on Friday. Several cases of Indians who were lured …

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Cricket-Champions Trophy headlines Pakistan’s home season but India uncertainty remains

LAHORE (Reuters) – The Champions Trophy headlines Pakistan’s home 2024-25 season but doubts remain whether neighbours India will make the trip across the border for the elite 50-overs tournament, which is being held for the first time since 2017. Thanks to their soured political relations, India have not visited Pakistan since 2008 and the cricket-mad …

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VP Harris’ ancestral India village tracks her rising prospects in US vote

By Praveen Paramasivam (Reuters) – In a small south Indian village more than 8,000 miles (12,900 km) from Washington, residents are closely watching to see if U.S. Vice President Kamala Harris might replace Joe Biden in the upcoming election against Donald Trump. In 2021, the leafy village of Thulasendrapuram, where Harris’s maternal grandfather was born …

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Russian armour-piercing tank rounds to be made in India, Rostec says

MOSCOW (Reuters) – Russia’s vast state-owned Rostec corporation said on Thursday that its weapons export unit had organised the production in India of armour-piercing rounds for Russian-made battle tanks. Rostec issued its statement ahead of a July 8-9 visit to Russia by Indian Prime Minister Narendra Modi who will hold talks with President Vladimir Putin. …

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India’s solar output grows at slowest pace in six years in first half of 2024

By Sudarshan Varadhan and Cassandra Yap SINGAPORE (Reuters) – India’s solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal to address surging power demand. Electricity generated from coal …

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Factbox-Who is ‘Bhole Baba’, the preacher whose gathering led to stampede in India?

(Reuters) – A massive gathering addressed by an Indian policeman-turned-preacher, considered an incarnation of God by his followers, turned horribly wrong on Tuesday, as at least 121 people, mostly women and children, died in a stampede. “Bhole Baba”, or the Innocent Elder, is the sobriquet of a self-styled godman who was a police constable before …

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Exclusive-Indian officials visit Foxconn iPhone plant, question executives about hiring

By Aditya Kalra NEW DELHI (Reuters) -Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives about the company’s hiring practices, an official said, after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs. A five-member team of the federal government’s regional …

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