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Doping-Russian race walker Ivanov, Indian discus thrower Dhillon banned by AIU

(Reuters) – Russian race walker Aleksandr Ivanov and Indian discus thrower Navjeet Kaur Dhillon have been banned for using prohibited substances, the Athletics Integrity Unit (AIU) said on Friday. Data from a Moscow laboratory provided by a whistleblower showed one of Ivanov’s samples contained substances that are considered hormone and metabolic modulators. The 29-year-old was …

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Soccer-FIFA lifts Indian federation ban, U-17 World Cup to go ahead as planned

(Reuters) -FIFA has lifted the suspension imposed on the All India Football Federation (AIFF) earlier this month due to undue third-party influence, world soccer’s governing body said on Friday. The lifting of the ban also means that the Under-17 women’s World Cup, which was scheduled to take place in India from Oct. 11-30, will be …

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India considers curbs on exports of 100% broken rice

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) – India, the world’s biggest rice exporter, is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, after the paddy area has been reduced by a lack of rainfall. The potential export curbs could lift rice prices globally because …

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India’s Adani contests NDTV’s defence as news network fights takeover

By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) -India’s Adani Group on Friday contested claims by New Delhi Television that regulatory curbs restricted its founders from selling their stake, prolonging the battle for control of a news network seen as bastion of independent media. The takeover bid launched by a group led by Asia’s richest …

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Indian shares trim gains ahead of Powell speech, post weekly loss

BENGALURU (Reuters) -Indian shares gave up some gains on Friday and registered their first weekly loss in six, as investors maintained caution ahead of U.S. Federal Reserve Chair Jerome Powell’s speech that is likely to provide cues on future interest rate hikes. The NSE Nifty 50 index ended 0.21% higher at 17,558.9, while the S&P …

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Veteran of India’s Congress quits with broadside against Gandhi scion

By Devjyot Ghoshal NEW DELHI (Reuters) – A veteran leader of India’s main opposition Congress party quit on Friday, issuing a scathing resignation letter in which he blamed the scion of the influential Gandhi family for the decline of the party that dominated Indian politics for decades. After ruling for much of India’s post-independence period, …

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Explainer-The bitter takeover battle between India’s Adani and news network NDTV

By M. Sriram and Abhirup Roy NEW DELHI (Reuters) -When India’s richest man Gautam Adani this week unveiled plans for his firm to control a majority stake in New Delhi Television (NDTV), it was the stealth approach in executing the transaction that drew most attention in the news industry. Since then, NDTV and Adani have …

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Base effect to help lift India’s GDP growth to double-digits in April-June: Reuters poll

By Vivek Mishra BENGALURU (Reuters) – India’s economy is forecast to have expanded by an annual 15.2% in the April-June quarter, thanks to a weak base last year and a rebound in consumption as pandemic restrictions eased, a Reuters poll found. That expected strong double-digit growth rate in Asia’s third-largest economy, based on the median …

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Indian IT firms cut staff bonuses as U.S., European clients tighten budgets

By Navamya Ganesh Acharya, Sethuraman N R and Nivedita Bhattacharjee BENGALURU (Reuters) – India’s top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at U.S. and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom. Infosys Ltd, India’s second-biggest IT company, …

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