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MUMBAI (Reuters) – Delhi Capitals’ David Warner produced one of his finest knocks in the Indian Premier League (IPL) against his former team Sunrisers Hyderabad on Thursday and it stood out as much for the opener’s selflessness as his shotmaking. Having blasted 92 off 58 balls, Warner declined team mate Rovman Powell’s offer just before …

Cricket-Selfless Warner shows Hyderabad what they’re missing Read More »

By Rama Venkat BENGALURU (Reuters) -Indian shares dropped nearly 2% on Friday and were set for their worst week since November, as investors fretted that fast-paced interest rate hikes to tame surging inflation would slow global economic growth. The NSE Nifty 50 index was down 1.82% at 16,378.55, as of 0503 GMT, with all sectors …

Indian shares fall nearly 2% on concerns over rate hikes Read More »

By Aditya Kalra NEW DELHI (Reuters) – An Indian court has put on hold a federal enforcement agency’s decision to seize $725 million from local bank accounts of China’s Xiaomi Corp for suspected violations of foreign exchange laws, two sources told Reuters on Friday. The Enforcement Directorate last week seized the bank assets of Xiaomi …

Indian court lifts block on $725 million of Xiaomi’s assets in royalty case – sources Read More »

NEW DELHI (Reuters) – India’s prime minister on Thursday urged states and federally administered territories to prepare heat action plans, as south Asia swelters under extreme temperatures. India recorded its warmest March in over a century, with the maximum temperature across the country reaching 33.1 degrees Celsius, nearly 1.86 degrees above normal, according to the …

India’s Modi asks states to prepare heat action plans amid rising temperatures Read More »

NEW DELHI (Reuters) -The record $2.7 billion initial public offering (IPO) by India’s Life Insurance Corp (LIC) was oversubscribed on Thursday, helped by attractive pricing, making way for gains over the listing price later this month. Investors bid for 166.9 million shares by the end of bidding on the second day of subscription for India’s …

Life Insurance Corp’s $2.7 billion Indian IPO oversubscribed Read More »

BEIJING (Reuters) -China will roll out more support measures to help small firms and stabilise employment, including the introduction of policies to support the platform economy as soon as possible, State TV cited country’s cabinet as saying on Thursday. China’s economy has slowed sharply in the second quarter this year, as local authorities raced to …

China will roll out more support measures to stabilise jobs – cabinet Read More »

By Krishna N. Das and Fayaz Bukhari NEW DELHI (Reuters) – India published on Thursday a new list of redrawn political constituencies for the former state of Jammu and Kashmir (J&K), giving greater representation to the Muslim-majority region’s Hindu areas and paving the way for fresh elections. Prime Minister Narendra Modi’s government broke up J&K …

India’s Kashmir region gets redrawn constituencies ahead of elections Read More »

By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – India’s central bank is expected to frontload more aggressive interest rate hikes in its effort to tame high inflation, at least until its repo rate hits its pre-COVID level of 5.15%, economists said after a long-anticipated rate hike on Wednesday. Most economists are now forecasting …

Economists expect higher rate hikes after RBI’s hike to tame inflation Read More »

(Reuters) – Indian discus thrower Kamalpreet Kaur was provisionally suspended by the Athletics Integrity Unit (AIU) on Wednesday after testing positive for a banned substance. Kamalpreet, 26, came sixth at the Tokyo Games last year, with her best throw measuring 63.70 metres. The AIU said she tested positive for stanozolol, a banned anabolic steroid, in …

Athletics-Indian discus thrower Kamalpreet provisionally suspended by AIU Read More »