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India court allows survey of centuries-old mosque to look for Hindu relics

LUCKNOW, India (Reuters) – An Indian court has granted permission to survey a centuries-old mosque to determine if it contains Hindu relics and symbols, a lawyer said on Thursday, in a boost to Hindu groups which claim it was built on a site of a destroyed Hindu temple. The Shahi Eidgah mosque is located in …

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India cuts logistics costs to below 9% of GDP with higher state spending

By Manoj Kumar NEW DELHI (Reuters) – India’s logistics costs have come down to below 9% of gross domestic product, helped by rising state spending on roads, ports and digitisation, a report commissioned by the federal government said on Friday, and could boost manufacturing. “In terms of competitiveness, logistics costs for our producers – both …

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India police file terrorism charges against four over parliament security breach

NEW DELHI (Reuters) – Indian police have filed terrorism charges against four people in connection with a security breach in parliament in which a man jumped into the chamber, shouted slogans and set off a smoke canister, a police officer said on Thursday. The major security breach occurred on Wednesday, the 22nd anniversary of an …

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Indian rupee’s decline versus non-dollar currencies spurs more hedging by exporters

By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – The Indian rupee’s recent decline against the euro, the British pound and the Japanese yen has prompted exporters to increase hedging their receivables in these currencies, six market participants said. Treasury yields have plunged since November on bets of steep U.S. rate cuts next year, hurting …

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Man jumps into Indian parliament, sets off smoke can in major security breach

By YP Rajesh NEW DELHI (Reuters) -A man jumped into the lawmakers’ area of India’s parliament, shouted slogans and set off a smoke can on Wednesday, in a major security breach on the 22nd anniversary of a deadly attack on the complex. The parliament TV channel showed a young man wearing a black jacket and dark …

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BBC staff to launch new company for Indian language services

NEW DELHI (Reuters) -British broadcaster the BBC said on Tuesday its staff will launch a new company for Indian language services, in compliance with foreign investment rules that authorities in India alleged BBC violated. The broadcaster is under scrutiny for alleged foreign exchange violations in India and an investigation was launched shortly after tax authorities …

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Disney, Reliance discuss India entertainment merger, sources say

By Aditya Kalra and M. Sriram NEW DELHI (Reuters) -Reliance Industries and Walt Disney have held talks to merge their Indian entertainment operations though the companies have not reached any broad agreement on structures or valuations, two people familiar with the matter said on Tuesday. The two sides have held talks in recent weeks about …

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Gogoro to make e-scooter bikes in India, rolls out battery swap network

By Aditi Shah NEW DELHI (Reuters) – Taiwan’s Gogoro has started manufacturing electric scooter bikes in India and will set up around 100 battery swap stations by mid-2024, its CEO said on Tuesday, marking its entry into one of the world’s fastest-growing vehicle markets. Gogoro has already committed to investing $1.5 billion in western Maharashtra …

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India’s Oct industrial output rises at fastest pace for 16 months

NEW DELHI (Reuters) -India’s industrial output rose 11.7% year-on-year in October, the fastest pace in 16 months and beating expectations, data from the Ministry of Statistics showed on Tuesday, driven by strong festive demand for electricity and durable goods. Analysts in a Reuters poll had forecast growth of 10%. India’s months long festive season peaks …

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