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By Swati Bhat MUMBAI (Reuters) – The sharp surge in inflation in India will require front-loading of interest rate increases, two members of the central bank’s Monetary Policy Committee (MPC) said in minutes of its May 4 meeting released on Wednesday. The Reserve Bank of India raised the repo rate, the rate at which it …

India will need to front-load rate hikes, two MPC members say Read More »

(Reuters) – South African Quinton de Kock and India’s KL Rahul recorded the highest opening partnership in Indian Premier League history on Wednesday as their stand of 210 fired the Lucknow Super Giants to the playoffs with a two-run win over the Kolkata Knight Riders. De Kock scored an unbeaten 140 off 70 balls and …

Cricket-De Kock, Rahul smash record opening IPL partnership Read More »

By Sudarshan Varadhan NEW DELHI (Reuters) -India’s Supreme Court on Wednesday ordered the release of A.G. Perarivalan, who was convicted of involvement in the assassination of former prime minister Rajiv Gandhi in 1991. Gandhi was killed by an ethnic Tamil suicide bomber while campaigning in an election in the southern Indian town of Sriperumbudur in …

Three decades later, convict in former Indian PM Gandhi assassination freed Read More »

NEW DELHI (Reuters) – Twelve workers at an Indian salt factory were killed on Wednesday when a 3 metre high wall collapsed on them, government officials said. The incident took place in the town of Morbi in the western state of Gujarat. Police have launched an investigation. “The wall collapsed when the workers were packing …

Twelve workers killed by wall collapse at India salt factory Read More »

By Jennifer Rigby LONDON (Reuters) -The world is no better prepared for a new pandemic than it was when coronavirus emerged in 2019 and may actually be in a worse place given the economic toll, according to a panel set up by the World Health Organization (WHO) to evaluate the global response. A lack of …

World in no better place to fight pandemics than before COVID – review Read More »

By Saurabh Sharma LUCKNOW,India (Reuters) – Members of hardline Hindu groups filed petitions in a court in northern India to stop Muslims from entering a historic mosque, until the court decides on an earlier plea seeking approval to look for any Hindu relics which may be on the site, lawyers said on Wednesday. Judges of …

Hindu groups file fresh petitions to stop Muslims from entering historic Indian mosque Read More »

By Sudarshan Varadhan NEW DELHI (Reuters) -India’s power ministry on Wednesday said it would cut domestic fuel supply to state government-run utilities by 5% if they do not import coal for blending by June 15, as officials struggle to address rising power demand. A heatwave pushed power use to a record high in April, leading …

India warns of fuel-supply cuts to utilities if coal imports delayed Read More »

NEW DELHI (Reuters) – India’s government will have another look at plans for the divestment of Bharat Petroleum Corp Ltd (BPCL) after the state-run refiner completes the planned expansion of some projects, a source told reporters on Wednesday. The government put the privatisation of BPCL on hold as it only got a single bid, the …

India to rexamine BPCL divestment after planned expansion – source Read More »

By Munsif Vengattil and Aditya Kalra NEW DELHI (Reuters) – India will not change upcoming cybersecurity rules that force social media, technology companies and cloud service providers to report data breaches swiftly, despite growing industry concerns, the government said on Wednesday. The Indian Computer Emergency Response Team issued a directive in April asking tech companies …

India to press ahead with strict cybersecurity rules despite industry concerns Read More »