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Analysis-India pivots away from Russian arms, but will retain strong ties

By Krishn Kaushik NEW DELHI (Reuters) – India is seeking to distance itself from its largest arms supplier after Russia’s ability to supply munitions and spares was hobbled by the war in Ukraine, but must step carefully to avoid pushing Moscow closer to China, Indian sources said. The world’s biggest arms importer is slowly turning …

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Cricket-Pope masterclass sets benchmark for touring batters in India – Root

By Amlan Chakraborty HYDERABAD, India (Reuters) – England vice-captain Ollie Pope’s sublime hundred against India in the opening test has set a benchmark for all touring batsmen on how to bat on the country’s spin-friendly tracks, team mate Joe Root said on Saturday. England conceded a first-innings lead of 190 and risked defeat inside three …

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India, France agree on joint defence production – statement

By Manoj Kumar NEW DELHI (Reuters) – India and France have agreed to work together on the joint production of defence equipment including helicopters and submarines for the Indian armed forces and production for friendly countries, New Delhi said. The deal was reached during a visit by French President Emmanuel Macron, who met Prime Minister …

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Trudeau aide: India is cooperating with Canada amid tensions over murdered Sikh

By David Ljunggren and Ismail Shakil OTTAWA (Reuters) -India is cooperating with Canada and bilateral ties are improving after tensions spiked over the murder of a Sikh separatist leader in British Columbia, a top Canadian official told CTV in an interview published on Friday. Diplomatic relations soured after Prime Minister Justin Trudeau last year said …

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Survey finds mosque in India’s Varanasi was built over temple – Hindu petitioners

By Saurabh Sharma LUCKNOW, India (Reuters) – The Archaeological Survey of India (ASI) has found that a 17th century mosque in one of Hinduism’s holiest cities was built after destroying a Hindu temple that existed there, a lawyer for Hindu petitioners said, a possible new flashpoint in a decades-long dispute. Muslim lawyers in the legal …

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India rates spring to record highs on dwindling supplies, firm demand

By Ashitha Shivaprasad (Reuters) -Rates of parboiled rice exported from top hub India advanced to record highs this week on limited supplies and steady demand from Asian and African buyers, while prices eased in Vietnam and Thailand. India’s 5% broken parboiled variety was quoted at record $533-$542 per ton this week, up from last week’s …

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India’s PNB Housing Finance posts Q3 profit rise on lower expenses

BENGALURU (Reuters) – India’s PNB Housing Finance reported a nearly 26% rise in third-quarter profit on Wednesday, as lower overall expenses made up for dipping interest income. The company, a unit of state-run lender Punjab National Bank, said its consolidated net profit rose to 3.38 billion rupees (nearly $41 million) for the quarter ended Dec. …

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India’s Swiggy to slash 6% of workforce to trim costs – ET

(Reuters) – Indian food delivery startup Swiggy is set to lay off 6% of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times reported on Thursday. The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, …

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