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India allows Bharat PetroResources to invest extra $1.6 billion in Brazil oil project

NEW DELHI (Reuters) – India’s cabinet has approved an additional investment of $1.6 bln by Bharat PetroResource’s Ltd (BPRL) in an oil project in Brazil, a government statement said on Wednesday. BPRL, the exploration arm of state-run Bharat Petroleum Corp, holds 40% stake in BM-SEAL-11 project, while the remainder is held by Brazil’s national oil …

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India announces $20.5 billion package to revive state telco BSNL

NEW DELHI (Reuters) – India’s telecoms minister on Wednesday announced a $20.5 billion package to revive state-run telecom provider Bharat Sanchar Nigam (BSNL), in a move to help the loss-making firm compete better with private rivals. The firm has struggled to win customers as Reliance Industries’ telecoms arm Jio and rivals Bharti Airtel and Vodafone …

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Games-India’s javelin champion Chopra pulls out due to injury

MUMBAI (Reuters) – India’s Olympic champion Neeraj Chopra will not defend his Commonwealth Games javelin title in Birmingham due to injury, the country’s Olympic association (IOA) said on Tuesday. The 24-year-old produced a throw of 87.58 metres last year in Tokyo to become the first Indian to win an individual athletics gold medal at the …

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Poor in India can dream, says its first tribal president

NEW DELHI (Reuters) – India’s first president from a marginalised tribal community, Droupadi Murmu, said on Monday after being sworn in that her election was an “achievement of every poor person in the country”. Murmu’s elevation to India’s highest constitutional post has been seen as an important gesture of goodwill by Prime Minister Narendra Modi …

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Indian rupee strengthens to over 1-week high on broad dollar losses

MUMBAI (Reuters) – The Indian rupee strengthened to its highest level in more than a week on Monday afternoon tracking broad losses in the dollar, but weaker local shares and losses in other Asian peers ahead of the U.S. Federal Reserve meeting’s outcome later this week limited gains. The partially convertible rupee was trading at …

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Cricket-India’s Patel says IPL experience helped him produce match-winning knock

(Reuters) – All-rounder Axar Patel said he used the experience he gained from the Indian Premier League (IPL) to secure his maiden fifty in one-day internationals that gave India a series-clinching victory in the second match against West Indies on Sunday. Chasing 312 to go 2-0 up in the three-match series, India needed 100 runs …

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Athletics-Olympic champion Chopra wins India’s first silver medal at worlds

By Aadi Nair (Reuters) – India’s sports community hailed Neeraj Chopra on Sunday after the Olympic javelin champion won the country’s first silver medal at the World Championships. Chopra’s throw of 88.13 meters was not enough to beat Grenadian Anderson Peters’ effort of 90.54m but it was enough to end India’s 19-year wait for another …

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Minister in India’s West Bengal arrested in education scam probe

By Subrata Nagchoudhury KOLKATA, India (Reuters) – India’s financial-crime investigation agency arrested a West Bengal government minister on Saturday for allegedly making money off recruitment for state-run schools, officials said. Partha Chatterjee, who was education minister in the eastern state for more than five years, was accused of appointing hundreds of teachers and non-teaching staff …

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