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Over 59 million shares reserved for anchor investors in LIC IPO

By Nupur Anand MUMBAI (Reuters) – The IPO of Life Insurance Corporation (LIC), India’s biggest insurer, has got off to a strong start, with 59.3 million shares that were set aside for anchor investors being subscribed at 949 rupees apiece, according to an exchange filing on Tuesday. The Indian government has said it expects to …

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Cricket-Dhoni expects liberated Jadeja to fix Chennai’s catching woes

MUMBAI (Reuters) – Chennai Super Kings skipper Mahendra Singh Dhoni expects Ravindra Jadeja, freed from the burden of the captaincy, to make a bigger contribution for them, especially by fixing their sloppy catching in the Indian Premier League (IPL). Dhoni led Chennai to their fourth IPL title last year but stepped down before the beginning …

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Indian Sugar Mills Association director general resigns unexpectedly

By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI (Reuters) -Abinash Verma, a leading figure in the sugar industry, has resigned unexpectedly from the Indian Sugar Mills Association (ISMA) as its director-general, the producers’ body said in a statement on Friday. As the world’s No. 1 consumer of the sweetener and the biggest producer behind Brazil, …

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Indian forces kill 62 militants this year in disputed Kashmir -police

SRINAGAR, India (Reuters) – Indian security forces have killed 62 militants, including 15 foreigners, in the disputed Jammu & Kashmir region this year, a senior police official said on Sunday. Kashmir, claimed by India and Pakistan but ruled in parts by each country, has long been the site of an armed insurrection against New Delhi. …

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Cricket-NFL, NBA stars invest in IPL’s Rajasthan franchise

By Amlan Chakraborty NEW DELHI (Reuters) – Phoenix Suns guard Chris Paul and NFL duo Larry Fitzgerald and Kelvin Beachum have invested in the Rajasthan Royals, the Indian Premier League franchise said on Sunday, underlining IPL’s growing global appeal. The popular Twenty20 league, which counts Bollywood actors and industrialists among franchise owners and attracts the …

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Cricket-Dhoni returns as Chennai captain after Jadeja steps down

MUMBAI (Reuters) – Chennai Super Kings brought back Mahendra Singh Dhoni as their captain after Ravindra Jadeja stepped down from the role to focus on his game, the Indian Premier League (IPL) giants said on Saturday. Former India captain Dhoni led Chennai to their fourth IPL title last year but stepped down before the start …

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Temperatures break monthly records in India as heat wave scorches region

MUMBAI (Reuters) – Parts of India recorded their highest average temperatures on record in April, and the scorching weather is expected to stretch into May, authorities said on Saturday. India and neighbouring Pakistan have been suffering from extreme heat waves this year, melting pavements, forcing school closures and triggering health and fire alerts. Northwest and …

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India’s UPL applies to flush toxic pesticides into South African sea

JOHANNESBURG (Reuters) – Indian agrochemicals manufacturer UPL Ltd has applied for permission to flush water contaminated by a toxic pesticides spill in South Africa’s city of Durban directly into the sea or the sewerage system, the company said on Saturday. The municipal authorities have judged the pesticides — which were being contained in a dam …

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