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Russian armour-piercing tank rounds to be made in India, Rostec says

MOSCOW (Reuters) – Russia’s vast state-owned Rostec corporation said on Thursday that its weapons export unit had organised the production in India of armour-piercing rounds for Russian-made battle tanks. Rostec issued its statement ahead of a July 8-9 visit to Russia by Indian Prime Minister Narendra Modi who will hold talks with President Vladimir Putin. …

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India’s solar output grows at slowest pace in six years in first half of 2024

By Sudarshan Varadhan and Cassandra Yap SINGAPORE (Reuters) – India’s solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal to address surging power demand. Electricity generated from coal …

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Factbox-Who is ‘Bhole Baba’, the preacher whose gathering led to stampede in India?

(Reuters) – A massive gathering addressed by an Indian policeman-turned-preacher, considered an incarnation of God by his followers, turned horribly wrong on Tuesday, as at least 121 people, mostly women and children, died in a stampede. “Bhole Baba”, or the Innocent Elder, is the sobriquet of a self-styled godman who was a police constable before …

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Exclusive-Indian officials visit Foxconn iPhone plant, question executives about hiring

By Aditya Kalra NEW DELHI (Reuters) -Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives about the company’s hiring practices, an official said, after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs. A five-member team of the federal government’s regional …

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India stampede killed 121 in wake of massive overcrowding, police say

By Shivam Patel and Saurabh Sharma PHULRAI MUGHAL GARHI, India (Reuters) – More than three times the permitted number of people attended a Hindu religious event in northern India that culminated in a stampede which killed at least 121 people, authorities said on Wednesday, adding that most of the victims were women.     About 250,000 people …

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Devotees surged towards preacher moments before lethal India crush, witnesses say

By Shivam Patel HATHRAS, India (Reuters) – Thousands of devotees rushed to get a closer glimpse of a Hindu preacher, jostling and pushing on slippery ground, witnesses say, moments before a crush at an overcrowded venue in India killed 121 people and sparked a police hunt for the organisers.  The stampede occurred on Tuesday at …

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India’s top discount broker Zerodha sees end of zero brokerage model after new fee rules

BENGALURU (Reuters) -Zerodha, India’s largest discount broker, said on Tuesday it will in all likelihood have to abandon its zero-brokerage model and raise derivative trading fees after the market regulator mandated uniform charges that are not based on volumes. Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, …

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