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Cricket-India weighing up wicketkeeper decision for England semi

MELBOURNE (Reuters) – India captain Rohit Sharma said he has yet to decide whether Dinesh Karthik or Rishabh Pant will don the wicketkeeper gloves for Thursday’s Twenty20 World Cup semi-final against England. Veteran Dinesh Karthik, who excels as a finisher with the bat, has been India’s preferred stumper so far, with Pant’s only appearance coming …

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India says Russia oil deals advantageous as Yellen visits Delhi

By Shivam Patel and Krishna N. Das NEW DELHI (Reuters) – India will continue buying Russian oil because it benefits the country, India’s foreign minister said on Tuesday after meeting his Russian counterpart for the fifth time this year, adding that the two countries were expanding their trade ties. Subrahmanyam Jaishankar is visiting Moscow for …

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India’s Godrej Consumer profit misses view on weak Indonesia sales

BENGALURU (Reuters) – India’s Godrej Consumer Products on Tuesday reported a sharper-than-expected drop in second quarter profit, as expenses climbed, while Indonesia sales continued to decline. Profit for the three months ended Sept. 30 was 3.59 billion Indian rupees ($44.01 million), compared with 4.79 billion rupees a year ago, the company said in an exchange …

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Yellen heads to India to draw surging economic power closer to U.S. orbit

By David Lawder WASHINGTON (Reuters) – Janet Yellen embarks on her first trip to India as U.S. Treasury Secretary on Tuesday, focusing more on the similarities of the world’s two largest democracies and opportunities for deeper ties than on past trade and geopolitical spats. Yellen is not expected to dwell on India’s failure to condemn …

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India’s Dr. Lal PathLabs Q2 profit slumps on falling COVID income, higher expenses

BENGALURU (Reuters) – Indian medical diagnostics firm Dr. Lal PathLabs Ltd on Tuesday reported a 24.5% drop in September quarter profit as a sustained decline in revenue and volume from its COVID-19 related business and higher expenses weighed on margins. Consolidated profit for the quarter ended Sept. 30 came in at 717 million rupees ($8.76 …

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Farmers cite lack of options as stubble burning turns air toxic in northern India

By Sunil Kataria and Tanvi Mehta KHAMANON, India (Reuters) – Smoke billows out of the fields in India’s Punjab state as several thousand acres of crop stubble are set on fire, wrapping surrounding areas in a thick, grey blanket. The national capital Delhi and surrounding areas are enveloped in a layer of smog each winter …

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Coal India’s profit more than doubles as power demand surges

BENGALURU (Reuters) – State-run Coal India Ltd’s quarterly profit more than doubled as production and offtake volumes at the world’s largest coal miner increased due to higher power demand amid elevated global prices. Consolidated net profit for the quarter ended Sept. 30 rose to 60.44 billion rupees ($737.88 million) from 29.37 billion rupees a year …

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Developing countries need $1 trillion a year in climate finance -report

SHARM EL-SHEIKH, Egypt (Reuters) – Developing countries need to work with investors, rich countries and development banks to secure $1 trillion a year in external financing for climate action by the end of the decade and to match that with their own funds, a report said on Tuesday. The report, released ahead of talks on …

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Moody’s says India a bright spot in global steel demand

By Neha Arora NEW DELHI (Reuters) – Indian demand remains a bright spot in major steel markets as domestic consumption is seen growing at a “high single digit” rate over the next 12-15 months, a senior executive at Moody’s Investors Service said on Monday. India, the world’s second-largest crude steel producer, posted 11.4% growth in …

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