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India says it is ready to mitigate economic impact of Iran-Israel conflict

(Reuters) -India is prepared to take adequate steps to mitigate any impact of the Iran-Israel conflict on its economy and will “remain alert”, Finance Minister Nirmala Sitharaman said on Thursday. “Can’t say that we are fully ready. As developments unfold, we are preparing to take adequate steps in India’s interests,” Sitharaman told the CNBC Awaaz …

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Indian food regulator begins enquiry into Nestle over alleged sugar use in baby foods, ET reports

BENGALURU (Reuters) – The Indian food regulator has started an enquiry into Nestle India over the alleged use of sugar in baby food products in low-income countries, including India, by its Swiss parent, the Economic Times (ET) reported on Thursday. A Swiss investigative organisation, Public Eye, on Wednesday, released a report saying that Nestle, the …

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Cricket-India’s Pant boosts his World Cup hopes with keeping masterclass

NEW DELHI (Reuters) – Delhi Capitals captain Rishabh Pant produced a wicketkeeping masterclass in Wednesday’s Indian Premier League (IPL) victory against Gujarat Titans to strengthen his claim on a place in India’s T20 World Cup squad. Pant is playing his first tournament since suffering serious injuries in a car accident in December 2022 that kept …

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Fear eclipses election campaign in India’s strife-torn Manipur

By Tora Agarwala IMPHAL/CHURACHANDPUR, India (Reuters) – Amid the thunder and fury in India as the world’s most populous nation heads to a general election, the streets of Manipur, a tiny, violence-torn state in the country’s far east, are largely quiet. Although Manipur and some other regions will be the first to vote in the …

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IMF calls for fiscal restraint in year with most elections ever

By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund urged countries on Wednesday to rein in fiscal spending and rebuild their buffers, but said that could prove difficult in the world’s biggest-ever election year. A record 88 countries, home to more than half of the world’s population, have held or are holding national elections …

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Billionaire Adani’s family increases stake in Ambuja Cements with $997 million investment

BENGALURU (Reuters) – Indian billionaire Gautam Adani’s family raised its stake in Ambuja Cements to 70.3% from 66.7% with a 83.39 billion rupees ($996.7 million) investment, in a move to help the cement maker boost its production capacity. Intense competition in the Indian cement sector has led to companies rushing to ramp up production capacities …

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Tesla’s Musk likely to unveil $2-$3 billion India investment during visit, sources say

By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, two sources familiar with the discussions said. Musk will meet Modi …

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WIDER IMAGE-India’s Gen Z voters seek jobs, harmony in world’s biggest election

KOLKATA/NEW DELHI (Reuters) – For 20-year-old Roushan Kumar, who sells flowers for a living in India’s eastern state of West Bengal, more jobs and better education are priorities. And the first-time voter wants to pick a government that will provide just that. India’s election starting on Friday is the world’s largest electoral exercise with more …

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Explainer-Why does voting last six weeks in India’s general election?

By Krishn Kaushik NEW DELHI (Reuters) – India is set to begin the world’s largest general elections on Friday, held in terrain sweeping from the icy Himalayas to humid jungles, with nearly a billion people eligible to choose 543 members of the lower house of parliament. Opinion polls suggest an easy victory for Prime Minister …

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