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Indian shares extend losses for third day as metal, energy stocks drop

By Rama Venkat BENGALURU (Reuters) -Indian shares ended lower for a third straight session on Tuesday, hit by sharp losses in metal and energy stocks, while investors stayed on the edge over rate hike and economic slowdown worries. The NSE Nifty 50 index closed down 0.38% at 16,240.05, while the S&P BSE Sensex fell 0.19% …

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Cricket-Mumbai’s Bumrah happy with five-wicket haul but rues another defeat

(Reuters) – Mumbai Indians pace bowler Jasprit Bumrah was pleased with his maiden five-wicket haul in the Indian Premier League on Monday, but said he would have preferred a win against the Kolkata Knight Riders instead. Bumrah’s 5-10 from four overs helped Mumbai restrict Kolkata to 165-9, but a batting collapse meant the five-time champions …

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Singapore bans controversial Kashmir film praised by India’s Modi

SINGAPORE (Reuters) – Singapore has banned a controversial Indian film about the exodus of Hindus from Muslim-majority Kashmir, citing concerns over its “potential to cause enmity between different communities”. “The Kashmir Files” has been praised by Indian Prime Minister Narendra Modi and his right-wing Hindu nationalist followers, and has proved a box office hit, but …

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India’s inflation likely accelerated to an 18-month high in April: Reuters poll

By Prerana Bhat and Arsh Tushar Mogre BENGALURU (Reuters) – India’s retail inflation likely surged to an 18-month high in April, largely driven by rising fuel and food prices and staying well above the Reserve Bank of India’s upper tolerance limit for a fourth consecutive month, a Reuters poll found. The jump has been long …

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India’s crude oil imports rise in March on demand recovery

By Ashitha Shivaprasad (Reuters) – India’s crude imports rose about 4.2% in March to 19.03 million tonnes from a year earlier, government data showed on Monday, as consumption picked up in the world’s third-largest oil importer after COVID-19 curbs were eased. Crude imports for the month were also 8.2% higher from February, according to data …

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Canara Bank probes fraud in unit after whistleblower complaint-source

By Nupur Anand MUMBAI (Reuters) – Indian state-owned lender Canara Bank is investigating fraud in its housing finance unit Can Fin Homes, after a whistleblower complaint highlighted irregularities in certain accounts, said a direct source. The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National …

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India’s Visakhapatnam port suspends operations due to cyclonic storm Asani

NEW DELHI (Reuters) – India’s Visakhapatnam port will suspend operations from Monday, according to an official order seen by Reuters, as severe cyclonic storm Asani is expected to reach the port city by Tuesday. Cyclone Asani, which formed over the southeast Bay of Bengal, intensified into a severe cyclonic storm on Sunday, as it moved …

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Sri Lanka PM, scion of political dynasty, resigns amid protests

By Alasdair Pal and Uditha Jayasinghe COLOMBO (Reuters) – Mahinda Rajapaksa, who has dominated Sri Lankan politics for nearly 20 years and whose government crushed the Tamil Tigers to bring an end to a long civil war, resigned as prime minister on Monday after intensifying anti-government protests. In a statement, his office said he was …

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Indian rickshaw driver stays cool on the move with rooftop garden

By Sunil Kataria NEW DELHI (Reuters) – As much of India swelters in unusually high temperatures, the driver of one New Delhi autorickshaw has found a new way of keeping himself and his passengers cool: growing a mini-garden on the three-wheeler’s roof. Mahendra Kumar says the covering of grasses and plants shields the plastic and …

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Sri Lanka Prime Minister offers resignation amid worst economic crisis – official

COLOMBO (Reuters) – Sri Lanka’s Prime Minister Mahinda Rajapaksa on Monday offered his resignation amid the island nation’s worst economic crisis since independence that has led to widespread protests, a government official said. “The prime minister has sent his letter of resignation to the president,” the official said, declining to be named. President Gotabaya Rajapaksa …

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