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BENGALURU (Reuters) -India’s first space-based observatory to study the sun will be launched on Sept. 2, the country’s space agency said on Monday. The announcement, in a post on messaging platform X, formerly known as Twitter, comes days after India became the first country to land a spacecraft on the unexplored south pole of the …

India sets September launch date for mission to study the sun Read More »

By M. Sriram MUMBAI (Reuters) – Reliance Industries’ retail unit is attracting “strong interest” from other top investors after raising $1 billion from Qatar Investment Authority, its billionaire chairman Mukesh Ambani said on Monday. Reliance Retail, which aims to list on the stock market, raised $1 billion from Qatar Investment Authority at a $100 billion …

Global investors show new interest in Reliance Retail, Ambani says Read More »

MUMBAI (Reuters) – India’s Reliance Industries Ltd on Monday appointed the three children of chairman Mukesh Ambani – Isha, Akash and Anant – as board directors at the oil-to-telecoms conglomerate, as the billionaire prepares to eventually hand over the reins. Ambani, Asia’s richest person, in recent years has said the children would have significant roles …

Factbox-The three Ambani children joining the board of India’s Reliance Read More »

By Tanvi Mehta, Riddhima Talwani and Dhwani Pandya NEW DELHI/MUMBAI (Reuters) – Across India’s malls and high streets, the mood at fashion shops is sombre – foot traffic is down, sales are low and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time. The culprit? Sky-high food inflation after erratic monsoon rains …

Fashion retailers in India suffer sales pain as tomato, onion prices surge Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose on Monday, but higher near-maturity U.S. Treasury yields were expected to limit the upside for the currency. The rupee was at 82.61 against the U.S. dollar by 10:35 a.m. IST, compared with 82.6475 in the previous session. The domestic currency reached an intraday high of …

Rupee marginally up, higher US Treasury yields cap upside Read More »

MUMBAI (Reuters) – Indian billionaire Gautam Adani aims to convert Mumbai’s Dharavi slum into a modern city hub, while acknowledging that resettling its 1 million residents will be a challenging task. Here is a timeline of Dharavi’s development and previous failed efforts to remake the 594-acre (240-hectare) slum. 1800s: Dharavi’s growth coincides with migration into …

A history of India’s Dharavi slum and Adani’s plans to redevelop it Read More »

By Manoj Kumar NEW DELHI (Reuters) – Dubai-owned ports giant DP World will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. “It will enable the delivery of trade opportunities by connecting northern, western and central India with …

Dubai’s DP World to invest $510 million in India’s Gujarat state Read More »