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India and US to address barriers to trade and cooperation

By Krishn Kaushik NEW DELHI (Reuters) -India and the United States on Monday committed to action to address barriers to bilateral strategic trade, technology and industrial cooperation. The commitment was made at a meeting between the national security advisers of the two countries, Ajit Doval and Jake Sullivan, during Sullivan’s two-day visit to New Delhi. …

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India’s ‘heat trap’ cities make summers worse, says government official

By Krishna N. Das and Shivangi Acharya NEW DELHI (Reuters) – Indian cities have become “heat traps” due to their unbalanced growth devouring water bodies and increasing greenhouse emissions, a senior government official said on Monday, as a scorching summer killed dozens in some parts of the country. The India Meteorological Department (IMD) has forecast …

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India’s Delhi airport operations normal after power cut impacts baggage, e-gate services

By Aditi Shah NEW DELHI (Reuters) – A power outage lasting several minutes at India’s busiest airport in Delhi caused minor disruptions to some services within the terminal on Monday, airport management said. “Voltage imbalance from the Delhi Transco Limited (DTL) grid briefly impacted all IGI terminals, affecting baggage acceptance and e-gates,” a spokesperson for …

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India’s Rajasthan starts recalling some batches of MDH, Everest spices

By Aditya Kalra NEW DELHI (Reuters) – India’s western state of Rajasthan has started recalling some batches of popular MDH and Everest spices, which were found to be unsafe for consumption, a top official said, the latest in growing domestic and global scrutiny of the brands. Rajasthan told the federal government in a letter it …

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Exclusive-Vodafone plans to sell $2.3 billion stake in India’s Indus Towers, sources say

By M. Sriram MUMBAI (Reuters) -Vodafone Group is looking to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm’s effort to repay debt. Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As …

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State-run firms boost Indian shares to record closing highs, second weekly gain

By Bharath Rajeswaran and Kashish Tandon BENGALURU (Reuters) -Indian shares logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government. The NSE Nifty 50 settled 0.29% higher at 23,465.60, while the S&P BSE Sensex added 0.24% …

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Rupee ends nearly flat aided by RBI intervention; logs weekly decline

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed nearly unchanged on Friday as intervention from the Indian central bank prevented it from hitting a lifetime low even as a broadly stronger dollar pressured most Asian currencies. The rupee closed at 83.5550 against the U.S. dollar, barely changed from its close at 83.5425 in …

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U.S. lawmakers to meet Dalai Lama on India trip next week

By Shivam Patel, Michael Martina and David Brunnstrom NEW DELHI/WASHINGTON (Reuters) – Republican Representative Michael McCaul is expected to lead a bipartisan U.S. congressional delegation to India in the coming days, where he and other lawmakers, including Democratic former House Speaker Nancy Pelosi, plan to meet Tibetan spiritual leader the Dalai Lama. McCaul, Pelosi and …

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