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Cricket-India withdraw from semi-final against Pakistan in veterans’ tournament

(Reuters) -India have withdrawn from a semi-final clash with Pakistan in a tournament featuring retired players amid tension between the nuclear-armed neighbours, organisers of the World Championship of Legends (WCL) said on Wednesday. A group match between the two teams was also called off earlier this month in the veterans’ competition sanctioned by the England …

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Microsoft restores services to Russia-backed Nayara Energy

By Arpan Chaturvedi (Reuters) -Microsoft has restored services to Russia-backed Indian refiner Nayara Energy, Nayara’s lawyer told a New Delhi court, days after the U.S. tech giant terminated its services due to European Union sanctions. Nayara has been forced to scale back operations at its 400,000-barrel-per-day refinery for lack of sufficient fuel storage and vessel …

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Cricket-Bumrah not ruled out of fifth test, says India captain Gill

LONDON (Reuters) -India captain Shubman Gill has refused to rule pace bowler Jasprit Bumrah out of contention for the fifth test against England starting at the Oval on Thursday. Bumrah, who is the joint-leading wicket taker in the series with 14, was expected to miss the decisive clash as India’s medical staff want to manage …

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Factbox-India-US trade talks go off rails on row over farm markets

By Manoj Kumar NEW DELHI (Reuters) -President Donald Trump said on Wednesday the United States would impose a 25% tariff on Indian goods starting August 1, citing New Delhi’s high tariffs and strict non-monetary trade barriers. Following are the key issues that appear to have derailed the trade talks between the U.S., the world’s largest …

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India’s Tata Steel beats quarterly profit estimates on lower costs

(Reuters) -Tata Steel reported a bigger-than-expected rise in first-quarter profit on Wednesday as India’s second-biggest steelmaker by market capitalization was helped by lower raw material costs that boosted margins. Its consolidated net profit more-than doubled to 20.78 billion rupees ($236.8 million) in the quarter ended June 30, above analysts’ estimates of 18.13 billion rupees, according …

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Cricket-India head coach Gambhir clashes with ground staff during pitch inspection

LONDON (Reuters) -India head coach Gautam Gambhir got into a heated exchange with Surrey’s head of ground staff Lee Fortis, who asked him to keep a distance from the wicket while inspecting the pitch at the Oval, batting coach Sitanshu Kotak said on Tuesday. Visitors India are set to play their last test of the …

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Exclusive-India buys record soyoil from China in rare move, sources say

By Rajendra Jadhav MUMBAI (Reuters) -Indian importers have bought a record 150,000 metric tons of soyoil from China in rare purchases, as a supply glut prompted Chinese crushers to sell at a discount to India’s traditional suppliers from South America, four trade sources said. The exports to India will help Chinese crushers cut inventories that …

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Indian e-cab provider BluSmart enters insolvency amid corporate governance challenges

By Khushi Malhotra and Nandan Mandayam (Reuters) -Indian electric cab firm BluSmart has entered insolvency, an order from a company law tribunal showed, amid mounting corporate governance issues after a regulatory probe alleged its co-founder diverted funds meant for vehicle leases. BluSmart suspended operations in April after India’s market regulator barred co-founder Anmol Jaggi from …

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India and Taiwan were leading buyers of Russian naphtha in June, LSEG data shows

MOSCOW (Reuters) -India and Taiwan were the leading destinations for Russian seaborne naphtha exports in June, as cheaper volumes and domestic demand attracted buyers, according to traders and LSEG data. Naphtha is a primary feedstock in the petrochemical industry for producing olefins and aromatics, which are then used to manufacture a wide array of products, …

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