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India grants initial approval for $6 billion defence purchases

NEW DELHI (Reuters) – India’s defence acquisition council gave initial approval on Thursday for the purchase of arms and equipment worth more than 540 billion rupees ($6.26 billion) to enhance the capabilities of its armed forces, the defence ministry said. The approval includes the purchase of more powerful engines for Russian-origin T-90 battle tanks operated …

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Inflows, culling of shorts lift rupee to longest winning streak in over one year

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee rose for the seventh straight session on Thursday, its longest winning streak since January 2024, as persistent dollar sales by foreign banks and paring of short bets on the currency helped it weather a stronger dollar. The rupee rose to a near two-month high of 86.2075 …

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Cricket-Victorious India team gets $6.7 million bonus for Champions Trophy win

NEW DELHI (Reuters) – The Indian cricket board (BCCI) handed its team, which claimed the Champions Trophy title earlier this month, a $6.72 million cash bonus on Thursday, an amount three times the winner’s purse for the 50-overs tournament. Rohit Sharma and his men beat New Zealand by four wickets in the March 9 final …

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Cricket-Suryakumar to lead Mumbai in IPL opener v Chennai as Pandya serves ban

MUMBAI (Reuters) – Suryakumar Yadav will lead Mumbai Indians in their Indian Premier League opener against Chennai Super Kings on Sunday while regular skipper Hardik Pandya serves a one-match ban. Mumbai’s slow over-rate in their final league game last year was there third offence of the season, which incurred a one-match suspension for Pandya. “That …

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Soccer-India could potentially host Italian Super Cup, says Serie A commercial director

By Suramya Kaushik BANGALORE (Reuters) – Serie A might consider India as a potential host for the Italian Super Cup, in an effort to broaden the tournament’s global audience, the Italian league’s commercial and marketing director Michele Ciccarese has said. The Italian Super Cup, which is played between the winners and the runners-up of the …

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Wikimedia challenges India content takedown, warns of chilling effect on free speech

By Arpan Chaturvedi NEW DELHI (Reuters) – The Wikimedia Foundation, which runs Wikipedia, has asked India’s Supreme Court to quash an order directing the online encyclopedia operator to take down a page describing its legal dispute with a domestic news agency. Wikimedia told the court that complying with the directive would have a “chilling effect …

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India orders curfew after violence over tomb of 17th-century Muslim ruler

By Rajendra Jadhav MUMBAI (Reuters) – Authorities clamped indefinite curfew on parts of the Indian city of Nagpur after more than a dozen police officers were hurt in clashes sparked by a Hindu group’s demand for the removal of the tomb of a 17th-century Mughal ruler, police said on Tuesday. Monday’s violence in the central …

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India’s IndusInd Bank raises bulk funding via CDs at slightly higher rates

By Dharamraj Dhutia MUMBAI (Reuters) – India’s IndusInd Bank raised 110 billion rupees ($1.27 billion) via short-term notes, but at slightly higher rates, in its first fundraising since reporting an accounting discrepancy last week, three merchant bankers said on Tuesday. The private lender, on Monday, sold certificates of deposits (CDs) maturing in three months to …

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Cricket-India women’s team has changed view of female sport, says Kohli

By Suramya Kaushik (Reuters) – The achievements of India’s women’s cricket team in recent years have revolutionised perceptions towards women’s sport, driving increased engagement, commercial success and financial stability, according to batsman Virat Kohli. The India women’s team, who won silver at the Commonwealth Games and gold at the Asian Games in 2022, are third …

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