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Two people dead after passenger train derails in northern India

By Saurabh Sharma LUCKNOW, India (Reuters) – At least two people were killed and 20 injured after several coaches of a passenger train jumped the tracks in India’s northern state of Uttar Pradesh on Thursday, authorities said. TV visuals showed coaches of the Chandigarh-Dibrugarh Express, which connects India’s northern states to the eastern state of …

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India’s Tata Communications posts higher Q1 revenue on strong demand for digital services

BENGALURU – India’s Tata Communications reported its tenth straight rise in quarterly revenue on Thursday, helped by growth in its digital portfolio segment. The Tata Group-owned company’s revenue rose 18% to 56.33 billion rupees ($673.4 million) for the three months ended June 30. Tata Communications provides services such as data connections and cybersecurity to enterprises. …

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Indian family of Usha Vance, wife of Trump’s VP pick, known for academic prowess

By Rishika Sadam and Krishna N. Das HYDERABAD (Reuters) – Usha Chilukuri Vance, the wife of Donald Trump’s vice presidential running mate, has a great-aunt in southern India, aged 96, celebrated in local media as the country’s oldest active professor. Academic achievement marks the family of U.S.-born Vance, notably Shanthamma Chilukuri, who still travels 60 …

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India gov’t to stick to February budget targets despite election rebuke

By Vivek Mishra and Anant Chandak BENGALURU (Reuters) -The Indian government remains committed to upholding pre-election borrowing and spending targets in the July 23 budget, despite the ruling Bharatiya Janata Party (BJP) losing its majority in this year’s national vote, a Reuters poll found. While relying on some regional parties to form the government, the …

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India’s Byju’s to appeal insolvency proceedings, sources say

By Aditya Kalra NEW DELHI (Reuters) -Indian education technology company Byju’s will challenge insolvency proceedings initiated against it in an attempt to block the process this week, as the startup once valued at $22 billion tries to tide over the crisis, two sources said on Wednesday. The National Company Law Tribunal in the southern state …

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India’s markets regulator proposes new asset class for high-risk investors

MUMBAI (Reuters) – The Securities and Exchange Board of India (SEBI) is proposing a new asset class that allows investors to take on higher risk through a regulated product, the Indian market regulator said in a consultation paper released on Tuesday. The asset class would fall between mutual funds meant for retail investors and portfolio …

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Taiwan firms shift supply chains to India from China, trade body chief says

By Shivangi Acharya NEW DELHI (Reuters) – Taiwan firms are shifting supply chains to India from China, as Taipei and New Delhi strengthen economic ties, the head of the island’s key trade body told Reuters, as global trade tension rises among major economies. Trade conflict between the United States and China drove up Taiwan’s foreign …

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Four Indian soldiers killed in militant attack in Jammu and Kashmir

By Fayaz Bukhari SRINAGAR (Reuters) – A militant attack on an Indian Army patrol in Jammu and Kashmir killed four soldiers, including an officer, the army said on Tuesday, the latest incident of violence in the Hindu-dominated part of the troubled Himalayan region. The deaths take to 11 this year’s tally of Indian soldiers killed …

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