Reuters India

Cricket-Bumrah ‘bowling with full intensity’, to play practice matches – BCCI

(Reuters) – India’s pace spearhead Jasprit Bumrah is in the final stage of rehabilitation after undergoing surgery, the country’s cricket board (BCCI) said on Friday, while Rishabh Pant is training after recovering from injuries suffered in a car crash. Bumrah has been sidelined since September and the 29-year-old right-arm seamer missed last year’s T20 World …

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India’s Reliance Jio posts slowest profit, rev growth in six qtrs

BENGALURU (Reuters) -Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani’s Reliance Industries, reported its slowest profit and revenue growth in six quarters on Friday, hit by higher expenses and a lack of recent tariff hikes. Jio, India’s biggest telecom carrier by subscribers, said net profit climbed to 48.63 billion rupees ($593.2 million) …

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India’s Vedanta posts 41% slump in Q1 profit on soft metal prices

BENGALURU (Reuters) – Indian metals-to-oil conglomerate Vedanta reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminium. Consolidated profit after tax declined to 33.08 billion rupees ($403.55 million) for the three months ended June 30, from 55.92 billion rupees in …

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Death toll in Indian landslide hits 22, search for survivors to resume Saturday

By Sakshi Dayal and Shilpa Jamkhandikar MUMBAI (Reuters) -The death toll from a landslide in India’s western state of Maharashtra rose to 22 on Friday, with six more bodies being pulled out from underneath layers of mud before rescue operations were suspended, disaster relief officials said. The landslide occurred on Thursday night in the remote …

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India’s rice export curbs put contracts for 2 million tons at risk – trade

By Rajendra Jadhav and Mayank Bhardwaj MUMBAI (Reuters) – India’s decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday. India, which accounts for 40% of world rice exports, on Thursday …

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Rupee to fall on dollar recovery on signs US job market remains robust

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is expected to decline on Friday after the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, lifting the U.S. dollar and U.S. yields. Non-deliverable forwards indicate the rupee will open at around 82.06-82.08 to the U.S. dollar, compared with 81.9850 in …

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