NEW DELHI (Reuters) – India has more than 40 million cases pending in lower courts, the country’s chief justice said on Saturday, highlighting a huge backlog in the legal system. Courts were falling short of judges crucial to their efficient function, NV Ramana told a conference attended by Prime Minister Narendra Modi and chief ministers …
India has court backlog of 40 million cases, chief justice says Read More »
AHMEDABAD, India (Reuters) – Indian authorities seized 90 kg (198 lbs) of drugs worth $58 million from a port in the western state of Gujarat, a police officer said on Saturday, the third such haul in two weeks. Friday’s seizure was made from a container that arrived in the port of Pipavav at a time …
India seizes heroin-soaked yarn worth $58 million Read More »
NEW DELHI (Reuters) – India has allowed imports of an extra 550,000 tonnes of genetically modified (GM) soymeal, according to a government order seen by Reuters, to help the poultry industry reeling from a surge in local prices of the important animal feed. The shipments need to be imported before Sept. 30, according to the …
India allows imports of extra 550,000 tonnes of genetically modified soymeal Read More »
By Jibran Ahmad and Sumit Khanna PESHAWAR, Pakistan/AHMEDABAD,India (Reuters) -Pakistan issued a heat warning after the hottest March in 61 years while in parts of neighbouring India schools were shut and streets deserted as an intense heave wave on Friday showed no signs of abating. Pakistan’s Federal Minister for Climate Change, Sherry Rehman, urged the …
By Ron Bousso LONDON (Reuters) – Shell on Friday agreed to acquire India-based renewable power platform Sprng Energy for $1.55 billion, boosting the energy company’s low-carbon output as it shifts away from oil and gas. Shell said it would buy 100% of Solenergi Power Private Limited, the flagship company of Sprng Energy group, from UK-based …
Shell buys Indian renewables firm Sprng Energy for $1.55 billion Read More »
By M. Sriram MUMBAI (Reuters) – Tech-focused Indian venture capital firm Chiratae Ventures is planning to raise $600 million to boost investments in the country’s booming technology startups, two sources with direct knowledge told Reuters. Foreign and domestic investors are increasingly making huge bets on Indian startups, many of which are becoming “unicorns” – with …
India’s Chiratae Ventures plans to raise $600 million to bet on tech – sources Read More »
NEW DELHI (Reuters) – India’s infrastructure output expanded 4.3% year on year in March, government data showed on Friday. Infrastructure output, which comprises eight sectors including coal and electricity and accounts for nearly 40% of industrial output, rose 10.4% in the fiscal year that ended in March, compared to a 6.4% contraction in previous fiscal …
India’s March infrastructure output grows 4.3% y/y Read More »
By Swati Bhat MUMBAI (Reuters) – India’s economic recovery is still dependent on stimulus measures, but cutting debt is essential to ensure sustained growth over the medium term, the Reserve Bank of India (RBI) said in a report on Friday. India should aim to reduce general government debt to below 66% of gross domestic product …
Debt reduction over mid-term key for India’s growth prospects – RBI Read More »
BENGALURU (Reuters) -India’s top carmaker Maruti Suzuki beat estimates for quarterly profit margins on Friday as a string of price hikes and lower sales promotion expenses helped it offset the impact of higher raw material prices and global chip shortages. Maruti’s earnings before interest, taxes, depreciation, and amortization margin – a key measure of profitability …
India’s top carmaker beats margin expectations on boost from price hikes Read More »
By Nidhi Verma NEW DELHI (Reuters) – Indian refiners are negotiating a six-month oil deal with Russia to import millions of barrels per month, multiple sources with knowledge of the matter said, as the world’s third largest importer seeks more Russian crude despite Western sanctions. India has already bought more than twice as much crude …
Exclusive – Indian refiners seeking 6-mth Russian oil import deal – sources Read More »
