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MUMBAI (Reuters) – India’s Supreme Court on Friday ordered the release of six people, including one woman, who were convicted in the assassination of former Prime Minister Rajiv Gandhi in 1991, drawing sharp criticism from the main opposition Congress party. Gandhi was killed by a suicide bomber while campaigning for an election on behalf of …

India’s Supreme Court frees six people convicted over killing of former PM Gandhi Read More »

NEW DELHI (Reuters) – India’s annual industrial output rose 3.1% year-on-year in September, government data showed on Friday. Analysts polled by Reuters had expected a rise of 2% in September. (Reporting by Aftab Ahmed; Editing by Raissa Kasolowsky)

(Reuters) – Local media, fans and former cricketers did not hold back after India were dumped out of the Twenty20 World Cup on Thursday, with Rohit Sharma’s side labelled “clueless” and “out of their depth” following the 10-wicket defeat by England. England openers Alex Hales (86) and skipper Jos Buttler (80) chased down 169 for …

Cricket-‘Clueless’ India hammered at home after World Cup ‘humiliation’ Read More »

By Sethuraman N R BENGALURU (Reuters) – Indian shares rose to hit a fresh near-10-month high on Friday, boosted by a rally in IT companies and banks as easing U.S. inflation fuelled hopes that the aggressive Federal Reserve rate stance might begin to ease. The NSE Nifty 50 index rose 1.4% to 18,287 as of …

Indian shares rise over 1% as US inflation data cools rate hike fears Read More »

By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE (Reuters) – Indian Oil Corp, the country’s top refiner, has purchased a cargo of Russia’s Sokol oil for November delivery thorough a spot deal with a trading firm, a source familiar with the matter said. The trader won the Sokol cargo at near parity with the Dubai …

India’s IOC buys Nov Sokol cargo at near parity to Dubai benchmark – source Read More »

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI/NEW DELHI (Reuters) – Soaring wheat prices in India could prompt price-cooling measures such as the release of state reserves into the open market while axeing the 40% tax on imports, trade and government sources said on Thursday. The government has been trying to rein in food inflation, but …

India weighs steps to cool record wheat prices, government sources say Read More »