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Canada’s Trudeau sees shift in India relations after US plot revealed -CBC

WASHINGTON (Reuters) – Canadian Prime Minister Justin Trudeau said he senses a change in India’s tone with Ottawa after the United States warned New Delhi about its involvement in a thwarted plot to kill a Sikh separatist leader on U.S. soil, the CBC reported on Wednesday. “I think there is a beginning of an understanding …

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India will examine any information on plot to kill Sikh separatist in US – Modi tells FT

(Reuters) – India will look into any information it receives on its alleged links to a foiled plot to murder a Sikh separatist leader in the United States, Prime Minister Narendra Modi told the Financial Times newspaper in an interview published on Wednesday. The issue comes at a delicate juncture for both India and the …

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Indian cenbank says aligning inflation with 4% target far from assured

By Swati Bhat MUMBAI (Reuters) – The Indian central bank’s objective of aligning inflation with its 4% target on a durable basis is far from assured and a failure to do so could risk economic growth, the bank said in its latest bulletin published on Wednesday. “On a real-time basis, inflation is hurting discretionary consumer …

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India urges G7 to delay ban on Russian diamonds as rules lack clarity -sources

By Shivangi Acharya and Neha Arora NEW DELHI (Reuters) – India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said. India, home to 90% of the world’s diamond cutting and …

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India’s FY25 steel demand to be slower as elections loom – analysts, officials

By Neha Arora NEW DELHI (Reuters) – India’s steel demand will likely slow in the next financial year beginning March as a mammoth general election will delay government projects and infrastructure spending, analysts and industry executives said.     Steady government spending on infrastructure projects propelled India, the world’s second-biggest crude steel producer, into one of …

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Energy stocks power India’s blue-chip indexes to new highs

By Bharath Rajeswaran BENGALURU (Reuters) -India’s benchmark Nifty ended higher on Tuesday, reversing course from a subdued start, led by energy stocks after the federal government announced a windfall tax cut. The NSE Nifty 50 index gained 0.16% to 21,453.10, while the S&P BSE Sensex settled 0.17% higher at 71,437.19. Both the Nifty and Sensex …

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Cricket-De Zorzi ton guides South Africa to eight-wicket win over India

(Reuters) -Left-handed opener Tony de Zorzi scored a career-best unbeaten 119 from 122 balls to lead South Africa to an emphatic eight-wicket win over India in the second One-Day International at St George’s Park on Tuesday and level the three-match series at 1-1. South Africa won the toss and sent India into bat, restricting the …

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Hundreds stranded as parts of India’s Tamil Nadu flooded after heavy rain

By Praveen Paramasivam CHENNAI (Reuters) – Heavy rain has paralysed several parts of India’s southern state of Tamil Nadu, inundating roads, affecting train services, and leaving authorities scrambling to rescue those stranded. The deluge occurred while the state was still recovering from the damage caused by Cyclone Michaung, which lashed the coast this month, killing …

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India’s IPO momentum seen growing on prospects of political stability

By M. Sriram MUMBAI (Reuters) – Hopes of policy stability in India after victories for Prime Minister Narendra Modi’s ruling party in key state polls this month should extend a boom in initial public offerings (IPO) into 2024 as companies rush to tap investor demand, bankers say. The $6.8 billion raised by Indian IPOs so …

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