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India’s safeguard steel tariff will help check imports, JSW Steel CEO says

By Neha Arora MUMBAI (Reuters) -India’s move to levy a 12% temporary tariff on some steel imports will help lower imports to an extent, JSW Steel’s chief executive, Jayant Acharya, told Reuters on Thursday. Earlier this week, India, the second-biggest crude steel producer, imposed a temporary tariff, or provisional safeguard duty, on some steel imports …

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Singapore’s GIC inks deal with SAMHI as Indian hotelier looks to trim debt

By Hritam Mukherjee (Reuters) -Singapore’s sovereign wealth fund GIC will take 35% stakes in three individual units of SAMHI Hotels for a total investment of 7.52 billion rupees ($88 million), as part of a joint plan to develop upscale hotels in India. The three units – SAMHI JV Hotels, Ascent Hotels, and Inmar Tourism and …

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VinFast plans to open India, Indonesia plants this year in pivot to Asia

By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle maker VinFast plans to open a car assembly plant in India by the end of June and another one in Indonesia in October, its chief said on Thursday, as the company shifts its focus to Asia. The loss-making startup had initially planned to focus on America for …

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Cricket-Kishan walkoff puzzles fans as Hyderabad slump to another loss

NEW DELHI (Reuters) – Sunrisers Hyderabad’s playoff hopes in the Indian Premier League suffered another blow on Wednesday but even more puzzling was their batter Ishan Kishan’s bizarre self-inflicted dismissal in their defeat at home against the Mumbai Indians. After Hyderabad lost their Australian opener Travis Head in the second over, Kishan walked out to …

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Saudi Arabia, India agree to boost cooperation in energy and defence

DUBAI (Reuters) – Saudi Arabia and India agreed to boost cooperation in supplies of crude and liquefied petroleum gas, according to a joint statement reported by the Saudi state news agency on Wednesday following a visit by Prime Minister Narendra Modi. Saudi Arabia is one of the top exporters of petroleum to India. Modi met …

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Philippines to receive second batch of BrahMos missile system from India

MANILA (Reuters) – The Philippines is set to receive its second batch of BrahMos supersonic cruise missiles from India, its defence secretary said on Wednesday, which should bolster the country’s coastal defence capabilities amid escalating tensions with China. The expected arrival of the missile system will be the second of three BrahMos missile batteries Manila …

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At least 20 feared killed in militant attack on tourists in Indian Kashmir, security sources say

By Fayaz Bukhari SRINAGAR, India (Reuters) – At least 20 people were feared killed after suspected militants opened fire on tourists in India’s Jammu and Kashmir territory on Tuesday, three security sources said, the worst attack on civilians in the troubled Himalayan region for years. The attack occurred in Pahalgam, a popular destination in the …

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Trump: Deeply disturbing news out of Kashmir, US supports India

WASHINGTON (Reuters) – India has the full support of the United States, President Donald Trump said on Tuesday after suspected militants opened fire on tourists in India’s Jammu and Kashmir territory, killing at least 20 people. “Deeply disturbing news out of Kashmir. The United States stands strong with India against Terrorism. We pray for the …

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More than 20 people feared killed in militant attack in Indian Kashmir, TV channels say

NEW DELHI (Reuters) – More than 20 people were feared dead after suspected militants opened fire on tourists in India’s Jammu and Kashmir territory on Tuesday, TV channels reported, in the worst attack in the troubled Himalayan region in years. The attack took place in the popular destination of Pahalgam. Kashmir has drawn thousands of …

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