Latest India news

  • India widens oil leaks probe to defence ministry; security concerns grow 3 hours ago

    By Nidhi Verma and Rupam Jain Nair NEW DELHI (Reuters) - India has widened an investigation into leaks of confidential documents from its oil ministry to include the defence ministry, raising fears that other secrets vital to national security may have fallen into the wrong hands. The scandal has engulfed the oil ministry since the arrest two weeks ago of low-level staff suspected of stealing secret documents and selling them to journalists who styled themselves as high-profile industry consultants. So far, investigators have focussed on how that information was, in turn, used by some of India's biggest oil companies to pre-empt unfavourable decisions or hurt rivals. Among the documents recovered are correspondence signed by Prime Minister Narendra Modi's top aide, proposals for the annual budget and a presentation on the foreign unit of state oil firm ONGC. More »

  • Anwar impresses for UAE at World Cup
    Anwar impresses for UAE at World Cup 4 hours ago

    (Reuters) - Halfway through the pool phase of the World Cup, an unlikely name, Shaiman Anwar, sits perched among the tournament's best batsmen. Unheralded before the World Cup, the United Arab Emirates' middle-order batsman has been a revelation, turning heads with his cool displays at the crease. Anwar's lowest score at the World Cup is 35, against the reigning world champions India, in a match where only one of his team mates made double figures. "He is one of the best players we have on our team," said UAE all-rounder Amjad Javed. More »

  • Misbah warns Pakistan of hectic make-or-break week
    Misbah warns Pakistan of hectic make-or-break week 4 hours ago

    (Reuters) - Pakistan's unconvincing victory against Zimbabwe on Sunday might have revived their stuttering World Cup campaign but skipper Misbah-ul-Haq warned his team any more slip-ups could lead to an ignominious exit. Thumped by India and West Indies, Pakistan laboured to a 20-run victory against Zimbabwe at Brisbane in the first of their three matches in a week and Misbah admitted the crammed schedule posed a new challenge to the team. "We're just having a lot of days off before that, seven, eight, nine days in between the games...and we have to travel in every game." From Napier, Pakistan will head north to Auckland for Saturday's match against South Africa. "That could be really challenging for us, but we have a job in our hand so we have to do it." Fans have urged the team to draw inspiration from Pakistan's 1992 campaign when Imran Khan's team overcame a poor start to eventually win their first and only 50-over World Cup. More »

  • Cricket-Misbah warns Pakistan of hectic make-or-break week 5 hours ago

    Pakistan's unconvincing victory against Zimbabwe on Sunday might have revived their stuttering World Cup campaign but skipper Misbah-ul-Haq warned his team any more slip-ups could lead to an ignominious exit. Thumped by India and West Indies, Pakistan laboured to a 20-run victory against Zimbabwe at Brisbane in the first of their three matches in a week and Misbah admitted the crammed schedule posed a new challenge to the team. "We're just having a lot of days off before that, seven, eight, nine days in between the games...and we have to travel in every game." From Napier, Pakistan will head north to Auckland for Saturday's match against South Africa. "That could be really challenging for us, but we have a job in our hand so we have to do it." Fans have urged the team to draw inspiration from Pakistan's 1992 campaign when Imran Khan's team overcame a poor start to eventually win their first and only 50-over World Cup. More »

  • India's Sun Pharma to buy Glaxo's opiates business in Australia 6 hours ago

    Sun Pharmaceutical Industries Ltd , India's largest drugmaker by sales, said on Tuesday it has agreed to buy GlaxoSmithKline's opiates business in Australia to strengthen its pain management portfolio. The business consists of analgesics made from raw materials found in opium poppy plants, and includes two manufacturing sites in the states of Tasmania and Victoria. A Sun Pharma spokesman declined to comment. Glaxo did not immediately respond to a request seeking comment. More »

  • India's 'smart cities' would be stupid without disaster strateg … 6 hours ago

    By Nita Bhalla and Jatindra Dash NEW DELHI/BHUBANESWAR (Thomson Reuters Foundation) - After Cyclone Hudhud pounded India's southern port city of Visakhapatnam last October, snapping bridges, swamping farmland and wrecking fishing boats, many breathed a sigh of relief. "It is important for a city like Visakhapatnam to become climate-resilient," said district administrative chief N. Yuvaraj, adding that local authorities and the Andhra Pradesh state government are working with a range of agencies to make that happen. More »

  • Unchanged South Africa win toss and bat against Ireland 9 hours ago

    South Africa skipper AB de Villiers won the toss and opted to send his unchanged side in to bat first in their World Cup Pool B match against Ireland at Manuka Oval on Tuesday. Ireland are unbeaten after their first two matches at the World Cup but will have their work cut out to upset a South African side who rebounded from defeat to India with a savaging of West Indies last week. De Villiers comes into the match in a rich vein of form after smashing West Indies for 162 in 66 balls at the Sydney Cricket Ground last Friday and will be relishing the chance to bat at a ground where Chris Gayle hit a record 215 last Tuesday. With JP Duminy still not over his side strain, Rilee Rossouw, who hit a bright 61 to start the onslaught on the West Indies bowlers, retains his place in the side. More »

  • Ecclestone offers cash advance for smaller teams
    Ecclestone offers cash advance for smaller teams 20 hours ago

    By Alan Baldwin LONDON (Reuters) - Formula One supremo Bernie Ecclestone has offered advance revenue payments to Sauber, Force India and Lotus to help with cash-flow problems ahead of the new season starting in Australia next week. "Bernie understands we've had these challenges over the winter because the (team) suppliers got so badly hurt by the Marussia and Caterham issues," Force India deputy principal Bob Fernley told Reuters on Monday. "He (Ecclestone) suggested that we take an advance and smooth it out that way. Silverstone-based Force India, who use Mercedes engines and have Mexican Sergio Perez with Germany's Nico Hulkenberg in their driver line-up, contract out much of their chassis work to keep costs down. More »

  • Motor racing-Ecclestone offers cash advance for smaller teams 20 hours ago

    By Alan Baldwin LONDON, March 2 (Reuters) - Formula One supremo Bernie Ecclestone has offered advance revenue payments to Sauber, Force India and Lotus to help with cash-flow problems ahead of the new season starting in Australia next week. "Bernie understands we've had these challenges over the winter because the (team) suppliers got so badly hurt by the Marussia and Caterham issues," Force India deputy principal Bob Fernley told Reuters on Monday. "He (Ecclestone) suggested that we take an advance and smooth it out that way. Silverstone-based Force India, who use Mercedes engines and have Mexican Sergio Perez with Germany's Nico Hulkenberg in their driver line-up, contract out much of their chassis work to keep costs down. More »

  • India factory output slides to five-month low
    India factory output slides to five-month low Mon, Mar 2, 2015

    Workers polish diamonds at a factory in Ahmedabad, India, on February 20, 2015 More »

  • Former ICC boss Dalmiya returns as India board chief
    Former ICC boss Dalmiya returns as India board chief Mon, Mar 2, 2015

    Former International Cricket Council (ICC) chief Jagmohan Dalmiya returned to head the world's most powerful cricket board on Monday following his unopposed election as president of the Indian board. Dalmiya will succeed ICC chairman N Srinivasan who was barred from contesting the election by India's top court for possible conflict of interests. Srinivasan's India Cements company owns the Chennai franchise in the Indian Premier League twenty20 tournament. More »

  • Cricket-Former ICC boss Dalmiya returns as India board chief Mon, Mar 2, 2015

    Former International Cricket Council (ICC) chief Jagmohan Dalmiya returned to head the world's most powerful cricket board on Monday following his unopposed election as president of the Indian board. Dalmiya will succeed ICC chairman N Srinivasan who was barred from contesting the election by India's top court for possible conflict of interests. Srinivasan's India Cements company owns the Chennai franchise in the Indian Premier League twenty20 tournament. More »

  • “When being raped, she shouldn’t fight back” – India bus rapist blames murder …
    “When being raped, she shouldn’t fight back” – India bus rapist blames murder … Mon, Mar 2, 2015

    Jyoti Singh (23) died after being brutally gang raped and beaten in 2012. More »

  • India's online cab service Ola buys rival TaxiForSure for $200 million Mon, Mar 2, 2015

    (Reuters) - App-based cab service Ola has bought rival TaxiForSure for $200 million (130 million pounds) as it eyes a bigger share in India's fast-growing online taxi services industry, where it competes with local players as well as Uber, the U.S.-based online taxi-hailing company. The deal by Ola, backed by Japan's SoftBank Corp, is among the biggest in India's startup industry after Flipkart's purchase of Myntra for about $300 million in May last year. More »

  • India overhauls monetary policy using inflation targets
    India overhauls monetary policy using inflation targets Mon, Mar 2, 2015

    By Rafael Nam and Manoj Kumar MUMBAI/NEW DELHI (Reuters) - India's government and central bank have agreed to commit to inflation targeting, in the biggest change to monetary policy since India's economy was opened up more than two decades ago, putting priority on subduing almost chronically volatile prices. In a document dated Feb. 20 but published on the ministry website on Monday, the two sides set a consumer inflation target of 4 percent, with a band of plus or minus 2 percentage points, for the financial year ending in March 2017. Reserve Bank of India Governor Raghuram Rajan has championed the move to inflation targeting, increasingly popular among large emerging markets, and the document shows he has won a commitment from Prime Minister Narendra Modi's 10-month-old government. More »

  • Factbox - India introduces inflation target in key policy overhaul Mon, Mar 2, 2015

    (Reuters) - The Indian government and the central bank have agreed an overhaul to monetary policy that will be the most significant in a generation, with changes that include an inflation target from the fiscal year beginning in April. For the full document, click on: http://finmin.nic.in/reports/MPFAgreement28022015.pdf Following are key features of the document published on the finance ministry's website on Monday: POLICY DETAIL * India's monetary policy framework will be operated by the central bank. * India's monetary policy framework will aim to "maintain price stability while keeping in mind the objective of growth". INFLATION TARGET * India's central bank will aim to bring inflation below 6 percent by Jan 2016. More »

  • Strong bench key to South Africa's World Cup campaign
    Strong bench key to South Africa's World Cup campaign Mon, Mar 2, 2015

    (Reuters) - South Africa's impressive depth was underlined in their emphatic World Cup win over West Indies on Friday and with paceman Vernon Philander and JP Duminy out injured, the Proteas will again rely on their "bench" to shine against Ireland. Captain AB de Villiers may have grabbed the headlines with his sparkling 162 off 66 balls against the Caribbean side but South Africa's reserves gave the team a big boost after their confidence was rocked by the 130-run thrashing by India. Rookie batsman Rilee Roussow scored 61 off 39 balls after replacing Duminy in the middle order, while Kyle Abbott, in for seamer Philander, took two wickets, including the prized scalp of West Indies talisman Chris Gayle for three runs. More »

  • Cricket-Strong bench key to South Africa's World Cup campaign Mon, Mar 2, 2015

    South Africa's impressive depth was underlined in their emphatic World Cup win over West Indies on Friday and with paceman Vernon Philander and JP Duminy out injured, the Proteas will again rely on their "bench" to shine against Ireland. Captain AB de Villiers may have grabbed the headlines with his sparkling 162 off 66 balls against the Caribbean side but South Africa's reserves gave the team a big boost after their confidence was rocked by the 130-run thrashing by India. Rookie batsman Rilee Roussow scored 61 off 39 balls after replacing Duminy in the middle order, while Kyle Abbott, in for seamer Philander, took two wickets, including the prized scalp of West Indies talisman Chris Gayle for three runs. All-rounder Farhaan Behardien said building a strong bench had been an "emphasis" for South Africa for some six months leading into the World Cup. More »

  • India's Modi passes budget test despite lack of reform dazzle
    India's Modi passes budget test despite lack of reform dazzle Sun, Mar 1, 2015

    By Frank Jack Daniel and Swati Bhat NEW DELHI/MUMBAI (Reuters) - India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check. The budget presented by Finance Minister Arun Jaitley on Saturday loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the fiscal deficit target. While it was short on the "big bang" reform measures that free-market champions have been calling for since Modi took office with a strong mandate last year, the budget won plaudits for moves to cut corporate tax and make India more competitive. More »

  • Cricket-Irfan bounces Zimbabwe out as Pakistan claim first win
    Cricket-Irfan bounces Zimbabwe out as Pakistan claim first win Sun, Mar 1, 2015

    * Irfan gets his best ODI figures of 4-30 * Riaz also takes four wickets * Misbah and Riaz score fifties (Updates after Zimbabwe win) BRISBANE, March 1 (Reuters) - Mohammad Irfan extracted steep bounce from the Gabba pitch to pick up four wickets as Pakistan secured their first victory at the World Cup by beating Zimbabwe by 20 runs in their Pool B match on Sunday. Wahab Riaz also excelled with both bat and ball, scoring a crucial half-century and taking four wickets, as Zimbabwe were all out for 215 in the 50th over, chasing Pakistan's 235-7. It was Pakistan captain Misbah-ul-Haq's patient 73 and a quickfire unbeaten 54 from Riaz that gave the team, looking for their first win after defeats to India and West Indies, a total to defend after losing early wickets to paceman Tendai Chatara. More »

  • Irfan bounces Zimbabwe out as Pakistan claim first win
    Irfan bounces Zimbabwe out as Pakistan claim first win Sun, Mar 1, 2015

    Mohammad Irfan extracted steep bounce from the Gabba pitch to pick up four wickets as Pakistan secured their first victory at the World Cup by beating Zimbabwe by 20 runs in their Pool B match on Sunday. Wahab Riaz also excelled with both bat and ball, scoring a crucial half-century and taking four wickets, as Zimbabwe were all out for 215 in the 50th over, chasing Pakistan's 235-7. It was Pakistan captain Misbah-ul-Haq's patient 73 and a quickfire unbeaten 54 from Riaz that gave the team, looking for their first win after defeats to India and West Indies, a total to defend after losing early wickets to paceman Tendai Chatara. Zimbabwe openers Chamu Chibhabha (nine) and Sikandar Raza (eight) also found the going tough as both failed to manage rising balls from Irfan, who stands a lofty 2.16 metres (7-foot-1-inch) tall. More »

  • India's budget shuns big-bang reforms, say experts
    India's budget shuns big-bang reforms, say experts Sun, Mar 1, 2015

    Electricians are seen working on a pylon in the Indian capital New Delhi, on February 28, 2015 More »