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India tells U.S. it is concerned about package for Pakistan F-16 jets

NEW DELHI (Reuters) -India is concerned about a U.S. decision to provide a sustenance package for Pakistan’s fleet of F-16 fighter aircraft, the Indian defence minister told his U.S. counterpart on Wednesday. The U.S.-built aircraft are a critical part of the military arsenal of Pakistan, whose arch-rival India worries that the fleet could be used …

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Indian shares slip on rate hike worries, banks blunt losses

BENGALURU (Reuters) -Indian shares closed lower on Wednesday, dragged by sharp losses in tech stocks on rating downgrades and U.S. interest rate hike worries, although stronger bank stocks arrested the decline. The Nifty 50 ended 0.37% lower at 18,003.75 and the S&P BSE Sensex slipped 0.37% to 60,346.97, after briefly entering positive territory in late …

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India and France reiterate calls for negotiations to end conflict in Ukraine

NEW DELHI (Reuters) – India and France on Wednesday reiterated calls for negotiation to end the conflict in Ukraine. “There should be a return to dialogue and diplomacy,” India’s foreign minister, S. Jaishankar, told reporters after a meeting with his French counterpart Catherine Colonna. (Reporting by Shivam Patel in New Delhi, Editing by Andrew Heavens)

India agency conducting searches on some Paytm, PayU premises – report

BENGALURU (Reuters) – India’s federal financial crime fighting agency was conducting searches on certain premises of One 97 Communications Ltd’s Paytm and payment solutions provider PayU, CNBC-TV18 reported on Wednesday, citing sources. Paytm, the Enforcement Directorate and PayU did not immediately respond to Reuters request for comment. (Reporting by Nallur Sethuraman in Bengaluru; Editing by …

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Cricket-Jayawardene steps down as coach, gets bigger role at IPL’s Mumbai Indians

MUMBAI (Reuters) – Mahela Jayawardene will step down as Mumbai Indians head coach and take on a bigger role at the franchise due to its increasing international presence, the Indian Premier League side said on Wednesday. Mumbai’s owners recently purchased teams in the International League T20 based in the United Arab Emirates, and the Cape …

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Foreign investors snap up Indian bonds set for inclusion in global indexes

(Corrects spelling to Ashish Agrawal from Ashish Agarwal in paragraphs 3, 4 and 14) By Dharamraj Lalit Dhutia MUMBAI (Reuters) -Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investments ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said. The …

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Pace of rate hikes in India should be calibrated from here on: MPC member Goyal

By Ira Dugal and Swati Bhat MUMBAI (Reuters) -The pace of interest rate increases should be calibrated from here on to ensure economic recovery in India does not stall as the central bank tries to bring inflation within its tolerance band, monetary policy committee member Ashima Goyal said. “We need to be very careful that …

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Russia’s Putin, India’s Modi to discuss trade, food supplies on Friday

MOSCOW (Reuters) -Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will meet in Uzbekistan on Friday and discuss trade as well as sales of Russian fertilizers and mutual food supplies, the Kremlin said on Tuesday. “There are plans to discuss issues of ‘saturation’ of the Indian market with Russian fertilizers and bilateral food …

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Indian states step up relief measures for households battling inflation

By Manoj Kumar and Jose Devasia NEW DELHI/KOCHI (Reuters) – At least 10 Indian states have announced over 1 trillion rupees ($12.6 billion), mainly in cash transfers and electricity subsidies, for households to combat inflation, according to government officials. Local politicians are worried about the impact of sharp increase in prices on household essentials. For …

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India’s JSW Steel to invest $1.3 billion to cut carbon emissions

BENGALURU (Reuters) -India’s JSW Steel on Tuesday said it will collaborate with Germany’s SMS group and invest 100 billion Indian rupees ($1.26 billion) to cut down carbon emissions at its plants. SMS group will provide its technology experts, design, engineering consultancy and commissioning to execute various projects for decarbonisation, JSW Steel said in a statement. …

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