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Russian, Indian foreign ministers to discuss prospective energy projects: Russian foreign ministry

MUMBAI (Reuters) – Prospective energy projects on the Arctic Shelf and the Russian far east will be among the main topics of discussion between the foreign ministers of Russia and India, the Russian foreign ministry said in a statement on Monday. Indian foreign minister Subrahmanyam Jaishankar will meet his Russian counterpart Sergei Lavrov on Tuesday …

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India should allow gradual rupee weakening, use fx reserves ‘judiciously’ – govt adviser

By Shivangi Acharya NEW DELHI (Reuters) -India’s central bank should allow rupee to depreciate gradually and use foreign exchange reserves judiciously, the government’s chief economic adviser V. Anantha Nageswaran on Monday. Nageswaran comment on the rupee and foreign exchange reserves is the first official government comment since concerns about dwindling currency reserves emerged earlier this …

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India’s IndiGo grounds 30 aircraft due to supply disruptions

BENGALURU (Reuters) -Interglobe Aviation Ltd, the operator of India’s top airline IndiGo, said on Monday it had grounded around 30 aircraft, or around 10% of its fleet, due to global supply chain disruptions. “While it is our immediate priority to deploy adequate capacity to serve our customers, we are actively engaged with our OEM (original …

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Indian tyremaker Ceat’s Q2 profit slumps 81% on higher input costs

BENGALURU (Reuters) – Indian tyremaker Ceat Ltd reported a bigger-than-expected 81.4% tumble in second-quarter profit on Monday, hurt by higher input costs. Consolidated net profit fell to 78.3 million Indian rupees ($955,811) in the three months ended Sept. 30, from 419.8 million rupees a year earlier. Analysts, on average, had expected the company’s profit to …

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Apple warns of hit to iPhone shipments from China COVID disruption

By Ben Blanchard and Jaiveer Shekhawat TAIPEI (Reuters) – Apple Inc expects lower shipments of high-end iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted plant in China, dampening its sales outlook for the year-end holiday season. Solid demand for the new iPhones has helped Apple remain a rare bright …

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Cricket-Pakistan join India in World Cup semis as Dutch dump South Africa

By Ian Ransom MELBOURNE (Reuters) – Pakistan joined India in the Twenty20 World Cup semi-finals on Sunday after South Africa crashed out of the tournament after a stunning defeat by the Netherlands. Pakistan, who beat Bangladesh by five wickets at Adelaide Oval to advance, will meet New Zealand in the first semi-final in Sydney on …

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India’s Delhi wrestles with ‘hazardous’ air pollution, primary schools shut

By Tanvi Mehta NEW DELHI (Reuters) – Authorities in New Delhi ordered primary schools to shut from Saturday, and told schools to stop outdoor activities for older children as air in the world’s most polluted capital had become a severe risk to health. A filthy smog forms over the Indian capital every winter as cold, …

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Jubilation shattered by gunfire: How attack on ex-Pakistani PM Khan unfolded

By Asif Shahzad and Charlotte Greenfield WAZIRABAD, Pakistan (Reuters) – Moments before Pakistan’s ousted Prime Minister Imran Khan was shot in the leg, a young man in the cheering crowd that lined the streets for a political protest spotted another man brandishing a pistol and raced at him to wrestle him down. Ibtesam, hailed as …

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