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Cricket-Buttler hundred propels Rajasthan into IPL final

NEW DELHI (Reuters) – Rajasthan Royals booked a place in the Indian Premier League (IPL) final against Gujarat Titans after Jos Buttler’s blistering hundred secured a seven-wicket victory versus Royal Challengers Bangalore in Friday’s qualifier in Ahmedabad. After Rajasthan captain Sanju Samson won the toss and elected to field, their bowling attack laid the foundation …

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India’s GAIL open to buying Russian oil and gas assets, chair says

By Nidhi Verma NEW DELHI (Reuters) -India’s largest gas transmitter GAIL is open to buying Russian oil and gas assets shunned by Western companies after Moscow’s invasion of Ukraine if the deal made commercial sense, the company’s Chairman Manoj Jain said on Friday. European countries and the United States have imposed heavy sanctions on Russia …

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India’s Nykaa profit halves as marketing, fuel costs balloon

By Deborah Mary Sophia BENGALURU (Reuters) -Indian beauty products retailer Nykaa reported a 49% fall in quarterly net profit on Friday, hit by soaring fuel and logistics costs at a time when the company is ramping up its marketing spend to draw in more customers. FSN E-Commerce Ventures Ltd, Nykaa’s parent, which has posted steep …

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Indian shares end higher on global optimism, IT stocks rally

BENGALURU (Reuters) -Indian shares settled over 1% higher on Friday, led by gains in information technology stocks, as strong U.S. retail earnings outlook and waning concerns about overly aggressive interest rate hikes by central banks lifted sentiment globally. The NSE Nifty 50 index settled up 1.13% at 6,352.45 and posted a 0.6% gain for the …

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India central bank gov says priority is inflation, but growth important – ET

MUMBAI (Reuters) – The Reserve Bank of India’s primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, governor Shaktikanta Das told newspaper Economic Times in an interview published on Friday. “We are committed to containing inflation. At the same time, we have to keep in mind …

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India Q1 GDP growth likely slowed for the third consecutive quarter – Reuters poll

By Prerana Bhat BENGALURU (Reuters) – India’s economic recovery from the COVID-19 pandemic likely stumbled again in the first quarter of this year primarily due to Omicron-related restrictions and higher inflation, a Reuters poll showed. Growth in Asia’s third-largest economy was pencilled in at 4.0% for the January-March quarter from the same period a year …

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Exclusive-Shell in talks with Indian consortium to sell Russian LNG plant stake -sources

By Ron Bousso and Nidhi Verma LONDON (Reuters) -Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia, three sources told Reuters, highlighting India’s willingness to step into the space left by Western companies following Moscow’s invasion of Ukraine. The world’s …

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India puts ‘new reality’ on display with Davos street show

By Aditya Kalra DAVOS, Switzerland (Reuters) – Bright colours and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive. Inside a pavilion on the Swiss Alpine resort’s Promenade street beneath an “India @ Davos 2022” logo, …

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