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By Krishna N. Das NEW DELHI (Reuters) – Indian authorities have cancelled or suspended licences of some domestic drug companies as part of action taken against 76 pharmaceutical firms this month for selling adulterated or fake products, a government source said on Thursday. India is known as the ‘pharmacy of the world’ and its pharmaceuticals …

India cancels licences of some drug firms in crackdown on fake products, says source Read More »

By YP Rajesh and Rupam Jain NEW DELHI (Reuters) – For the first time in years, India’s splintered opposition is sinking its differences to take on strongman Prime Minister Narendra Modi, which could extend to a substantial challenge in national elections due in 2024. That is if the disparate groups can stay united, which is …

After Gandhi’s conviction, signs of India’s opposition uniting against Modi Read More »

(Reuters) – A close ally of Russian President Vladimir Putin met Indian Prime Minister Narendra Modi in New Delhi on Wednesday to discuss the two countries’ “mutual interests”, Russian news agencies reported. Nikolai Patrushev, secretary of Russia’s influential Security Council, was in India for a meeting of the Shanghai Cooperation Organisation, a regional group which …

Putin ally meets India’s Modi in New Delhi Read More »

By Jayshree P Upadhyay (Reuters) -India’s markets regulator on Wednesday decided to tweak rules governing its 39.46 trillion rupees ($480.52 billion) mutual fund industry, allowing private equity firms to back Asset Management Companies(AMCs). The Securities and Exchange Board of India (SEBI) said a private equity firm or its manager should have at least five years …

India markets regulator allows private equity firms to own mutual fund companies Read More »

MUMBAI (Reuters) – India’s markets regulator on Wednesday asked that the top 100 companies listed on its stock exchanges confirm or deny market rumors that impact share prices, in a bid to bring more transparency and ensure timely disclosure of “material events”. The requirement will kick in from Oct.1, 2023 for top 100 companies by …

India markets regulator asks top 100 companies to confirm or deny market rumours from Oct.1 Read More »

(Reuters) – England captain Ben Stokes is set to start his Indian Premier League (IPL) campaign with the Chennai Super Kings as a specialist batter after having an injection in his troublesome left knee, the team’s batting coach Mike Hussey said. With the Ashes series against Australia less than three months away the all-rounder had …

Cricket-Stokes likely to start IPL as specialist batter, says Hussey Read More »

By Madhumita Gokhale BENGALURU (Reuters) – The Reserve Bank of India will raise its main interest rate by 25 basis points on April 6 and then pause for the rest of the year, according to a Reuters poll of economists who said the central bank would still maintain its tightening stance. Inflation in Asia’s third-largest …

RBI to raise rates once more on April 6 but leave door open for more – Reuters Poll Read More »

(Reuters) – Russia and India are looking at expanding the use of the Northern Sea shipping route that passes through the Artic and which could include the building of processing facilities, Russia’s Interfax agency reported on Wednesday. Alexei Chekunkov, Russia’s minister for the development of the Far East and the Arctic, is visiting India and …

Russia in talks with India to develop Northern Sea shipping route -Interfax Read More »

By Krishn Kaushik and Arpan Chaturvedi NEW DELHI (Reuters) – The conviction of Indian opposition leader Rahul Gandhi in a criminal defamation case last week has led to calls for change to a law that treats defamation as a crime and instead to make it a civil offence. Gandhi was found guilty of defamation for …

Factbox-Why Indian opposition leader Gandhi faces jail for defamation Read More »