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By Shubham Batra and Nikunj Ohri New Delhi (Reuters) – India’s federal government is likely to keep its gross market borrowing below 16 trillion rupees ($196 billion) for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. “Feedback from the market participants …

Exclusive-India may peg gross borrowing under 16 trillion rupees in 2023/24 – sources Read More »

By Sumit Khanna AHMEDABAD, India (Reuters) – Police in India on Friday charged 10 people with homicide in connection with the collapse of a colonial-era footbridge last year that killed at least 135 people, a top official told Reuters. The 145-year-old suspension bridge in the town of Morbi was packed with sightseers when it collapsed …

India police charge 10 with homicide over bridge collapse that killed 135 Read More »

CAPE TOWN (Reuters) – South Africa has signed an agreement with India to introduce dozens of African cheetahs to the Asian country over the next decade, its environmental department said on Thursday, after the first were transferred last year from neighbouring Namibia. A big cat species similar to the cheetah disappeared from India some 70 …

South Africa signs deal with India to relocate dozens of cheetahs Read More »

By Leika Kihara TOKYO (Reuters) – The Bank of Japan could consider steps to allow bond yields to move more flexibly even before inflation durably hits its 2% target, the International Monetary Fund’s Japan mission chief Ranil Salgado told Reuters. Allowing long-term interest rates to move more flexibly would allow the BOJ to address both …

IMF says BOJ could enhance yield flexibility before price goal met Read More »

(Refiles to add media packaging code) MUMBAI (Reuters) – India sold its first sovereign green bonds worth a total of 80 billion rupees ($979.61 million) on Wednesday, at yields below comparable government bonds, the central bank said in a statement. The RBI auctioned 40 billion rupees of five-year bonds at a coupon rate of 7.10%, …

India sells first green bonds at 5-6 basis points below sovereign yields Read More »

By Patrick Wingrove (Reuters) -The U.S. Food and Drug Administration said on Wednesday it is working with the World Health Organization and foreign regulatory authorities to support an investigation into the source of contaminated cough syrups that have killed more than 300 children in Africa and Asia. In a statement, the FDA said it had …

U.S. FDA joins global regulators probing tainted overseas cough syrup Read More »

BENGALURU (Reuters) – Indian drugmaker Cipla Ltd reported a smaller-than-expected rise in third-quarter profit on Wednesday, as muted sales in the domestic market offset strong demand in the North America. The Mumbai-based company’s consolidated net profit for the three months ended Dec. 31, rose 9.9% to 8.01 billion rupees ($98.22 million) from 7.29 billion rupees …

India’s Cipla misses Q3 profit estimates on muted domestic sales Read More »

By Shivam Patel and Sudipto Ganguly NEW DELHI (Reuters) -Students were detained by the Delhi police on Wednesday as they gathered to watch a recent BBC documentary about Prime Minister Narendra Modi that India has dismissed as propaganda and blocked its streaming and sharing on social media. This follows similar disruptions, some of which turned …

India police detain students gathered to watch BBC documentary on Modi Read More »