Reuters India - Squid Business

Indian man pleads not guilty to human smuggling across Canadian border

By Katharine Jackson (Reuters) – A man accused of plotting and being paid to smuggle Indian nationals from Canada into the United States pleaded not guilty in a U.S. federal court on Wednesday. Prosecutors allege Simranjit “Shally” Singh, a 40-year-old Indian who is resident in Ontario, was involved in a conspiracy to smuggle Indian nationals …

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Safe-haven gold eases on its way to weekly rise on economic woes

By Deep Kaushik Vakil (Reuters) – Gold prices pared some gains on Thursday ahead of a key U.S. jobs report, but bullion was still on track for a weekly rise as weak U.S. economic data spurred worries of a slowdown. Spot gold was down 0.6% to $2,009.07 per ounce by 2:53 p.m. EDT (18:53 GMT), …

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India accepts gas panel report, lowers gas prices

NEW DELHI (Reuters) – India will lower prices of gas produced from old blocks to $6.50 per million British thermal units (mmBtu) from Saturday as the federal cabinet approved the recommendations of a gas panel report, the information minister said on Thursday, a move aimed at reining in inflation. The price will apply to industrial …

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Indian govt forms panel to review pension system

NEW DELHI (Reuters) – The Indian government has formed a panel to review the country’s pension system and discuss whether changes are warranted, the finance ministry said on Thursday. Finance Minister Nirmala Sitharaman announced last month that the government would consider changes to the country’s pension system to be used by both the federal and …

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UK defence firms keen to expand in India -business council

By Shivangi Acharya NEW DELHI (Reuters) – British defence companies are planning to boost tie ups or make new investments in India, amid broader efforts to diversify their supply chains, an industry body said on Thursday. Britain has sought to deepen economic, defence and security ties with India, committing to closer links with the Indo-Pacific …

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India’s Adani Wilmar Q4 oil sales volume drop on weaker demand

BENGALURU (Reuters) -Adani Wilmar Ltd said on Thursday that its overall oil sales volume was dragged down in the fourth quarter by lower demand from the bakery and frying industry. The company said that the overall sales value in the quarter ended March 31 declined in high-single digit, pulled down by edible oil, which registered …

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India plans panel to help resolve state-owned firms’ land disputes – sources

By Nikunj Ohri NEW DELHI (Reuters) – India’s federal government plans to set up a panel for faster resolution of state-owned companies’ land disputes, two government officials with direct knowledge of the matter said on Thursday. The move, part of a renewed push by Prime Minister Narendra Modi’s administration to slim down the public sector, …

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Match, Indian startups call for antitrust probe of Google in-app billing fee

By Aditya Kalra NEW DELHI (Reuters) -Tinder-owner Match Group and Indian startups have asked the country’s competition body to investigate Alphabet’s Google for alleged non-compliance with an antitrust directive by charging a high service fee for in-app payments, filings show. The filings by Match and Alliance of Digital India Foundation (ADIF) mark the latest tussle …

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Jaguar Land Rover posts Q4 free cash flow about $1 billion

(Reuters) -Jaguar Land Rover expects free cash flow of over 800 million pounds (about $1 billion) for the fourth quarter, boosted by a 24% rise in wholesale volumes as chip and other supply constraints eased, the luxury carmaker owned by India’s Tata Motors said on Thursday. Tata Motors, which acquired the British car maker in …

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Indian shares rise for second week after RBI’s surprise rate hike pause

By Bharath Rajeswaran BENGALURU (Reuters) – Indian shares logged gains for a second consecutive week on Thursday, aided by real estate and financials stocks, after the Reserve Bank of India, in a surprising decision, kept its key policy rate unchanged. The Nifty 50 ended 0.24% higher at 17,599.15 and the S&P BSE Sensex rose 0.24% …

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