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Chess-India’s Gukesh beats China’s Ding to become youngest world champion

By Alessandro Parodi (Reuters) -Teenager Gukesh Dommaraju of India became the youngest chess world champion by beating defending champion Ding Liren of China on Thursday in a dramatic turn of events in the last game of a 14-game match in Singapore. The 18th world champion is, at age 18, four years younger than Garry Kasparov, …

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India cenbank’s FX swaps spur inversion of rupee forward premiums curve

By Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India’s forex swaps, to avoid directly impacting cash in the system as it supports the spiralling rupee, and the arbitrage between the offshore and onshore markets have inverted the dollar/rupee forward premiums curve. The implied yield on near-maturity forwards is now higher than on longer-term …

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India’s steel expansion could hinder net zero emission goal, GEM says

By Neha Arora NEW DELHI (Reuters) – India’s plans to ramp up coal-powered steelmaking capacity could impede the country’s goal of net-zero carbon emissions by 2070, Global Energy Monitor (GEM) said in a report on Tuesday. India’s Prime Minister Narendra Modi has set 2070 as the target for achieving net zero emissions, two decades later …

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Cricket-India’s Siraj and Australia’s Head sanctioned for Adelaide altercation

(Reuters) – Mohammed Siraj and Travis Head have been slapped with demerit points for their bust-up in the second test between India and Australia while the Indian fast bowler was also fined 20% of his match fee, the International Cricket Council said on Monday. The duo had a fiery exchange after Siraj dismissed Australia batter …

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Cricket-Door open for Shami as India look to lessen Bumrah’s burden

By Amlan Chakraborty (Reuters) – As Mohammed Shami was tormenting local batters in Rajkot last week in his latest outing since returning from a year out due to injury, some questioned why one of India’s top seamers had not been flown out to Australia to support pace spearhead Jasprit Bumrah. In the wake of India’s …

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Dozens of schools in Delhi get bomb threats, ANI news agency says

NEW DELHI (Reuters) – At least 40 schools received a bomb threat by email in Delhi on Monday demanding $30,000, ANI news agency said, while police officials conducted initial searches on school premises. Schools, railway stations and airports this year have been subject to hundreds of bomb threats, which have later turned out to be …

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Cricket-Australia tickled pink after levelling series at Adelaide fortress

(Reuters) -A wounded Australia roared back into the five-test series against India with a 10-wicket victory at their happy hunting ground in Adelaide on Sunday that saw them reclaim the lead in the World Test Championship (WTC) standings. The hosts had crumbled to a comprehensive defeat by a depleted Indian side in the series opener …

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