Reuters : India Top News (116)

North Korea may consider H-bomb test in Pacific, Kim calls Trump 'deranged'

SEOUL/NEW YORK - North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after U.S. President Donald Trump vowed to destroy the reclusive country, with leader Kim Jong Un promising to make a "mentally deranged" Trump pay dearly for his threats.

Jaitley pledges to find resources to support debt-laden banks

Mumbai - India will make efforts to find resources to support debt-laden banks to help them fund economic growth, Finance Minister Arun Jaitley told a meeting of bankers on Friday.

Sensex, Nifty fall 1 percent; banks top drag

- Indian shares fell 1 percent on Friday, while the rupee hit its weakest point since early April amid concerns that the government's plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit.

Rohingya crisis dents Myanmar hopes of Western investment boom

YANGON/HONG KONG - When officials from Myanmar's commercial capital Yangon toured six European countries in June, they were hoping to drum up investment in transport, energy and education.

Hurricane Maria churns toward Turks and Caicos, death toll mounts

SAN JUAN, Puerto Rico - Hurricane Maria barreled toward the Turks and Caicos on Friday after lashing Puerto Rico and other Caribbean islands with winds and rain that destroyed homes, caused flooding, devastated economies and left at least 32 people dead.

Kuldeep hat-trick sets up India's win against Australia

KOLKATA - Left-arm wrist-spinner Kuldeep Yadav took a hat-trick to help India comfortably beat Australia by 50 runs in the second one-day international at Eden Gardens on Thursday and take a 2-0 lead in the five-match series.

Billionaire L'Oreal heiress Bettencourt dies aged 94

PARIS - French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday.

Mexico rescuers in race to find trapped survivors 48 hours after quake

MEXICO CITY - Rescuers laboured against the odds on Thursday to extract survivors including school children and five Taiwanese factory workers trapped beneath collapsed buildings in central Mexico following the country's deadliest earthquake in 32 years.

India eyes extra $7.7 billion spending to halt economic slowdown: government sources

NEW DELHI - India's government is considering a plan to loosen its fiscal deficit target to enable it to spend up to 500 billion rupees more to halt an economic slowdown, two government officials with direct knowledge of the plan said on Thursday.

India presses on with Myanmar defence supplies in show of support

NEW DELHI - India is considering supplying arms to Myanmar's government in a sign of strong support for a neighbour that faces criticism for its crackdown on Rohingya Muslims.

Spinner Kuldeep Yadav takes hat-trick against Australia

KOLKATA - India left-arm wrist-spinner Kuldeep Yadav took a hat-trick against Australia in the second one-day international at Eden Gardens on Thursday.

Appeals court allows Mistry to continue action against Tata Sons

MUMBAI - An appeals court in India ruled on Thursday that former Tata Sons Chairman Cyrus Mistry can press ahead with a legal battle against the salt-to-software conglomerate that had earlier been dismissed.

L'Oreal heiress Liliane Bettencourt dies aged 94

PARIS - French businesswoman and heiress of cosmetics giant L'Oreal Liliane Bettencourt, 94, has died, her daughter said on Thursday.

India considering $7.7 billion stimulus spending in 2017/18: government sources

NEW DELHI - The Indian government is considering a plan to loosen the fiscal deficit target so that it could spend an additional 500 billion rupees in the financial year ending in March 2018, two government sources said on Thursday.

Nifty, Sensex end lower; banks drag

REUTERS - Indian shares ended lower for a third straight session on Thursday, weighed down by banks such as ICICI Bank, a day after the U.S. Federal Reserve signalled one more rate hike later in the year.

Leaked memo fuels accusations of ethnic bias in Afghan government

KABUL - A leaked memo from an staff member in Afghan President Ashraf Ghani's office this week has set off a storm of criticism and accusations that the note lays bare systematic favouritism to Ghani's own Pashtun ethnic group.

Militant attack on minister's convoy kills two bystanders in Kashmir

SRINAGAR, India - Militants attacked the convoy of a minister in the restive Indian state of Jammu and Kashmir on Thursday, killing at least two bystanders and injuring several others though the minister escaped unhurt, police said.

Nifty, Sensex fall; ICICI Bank top drag

REUTERS - Indian shares fell on Thursday, dragged down largely by banks including ICICI Bank as investors booked profits a day after the U.S. Federal Reserve signalled one more rate hike by the end of this year.

Nine killed as Rohingya aid truck crashes in Bangladesh

DHAKA - A truck carrying relief supplies for Rohingya Muslim refugees skidded off a hilly road in Bangladesh and plunged into a paddy field on Thursday, killing nine people and injuring 10, police and aid workers said.

Mexico searches for earthquake survivors against increasing odds

MEXICO CITY - Rescuers labored against long odds into the dawn on Thursday to save a 12-year-old schoolgirl and untold other survivors who may be trapped beneath crumpled buildings in central Mexico following the country's deadliest earthquake in 32 years.

Myanmar says security forces told to avoid collateral damage in Rakhine

UNITED NATIONS - Myanmar's vice president told the United Nations on Wednesday that security forces in his country's Rakhine State, from which hundreds of thousands of people have recently fled, have been instructed to take "full measures" to avoid collateral damage and harming innocent civilians.

Hurricane Maria lashes Dominican Republic after direct hit on Puerto Rico

SAN JUAN, Puerto Rico - Hurricane Maria thrashed parts of the Dominican Republic with heavy rain and high winds as it passed off its east coast on Thursday after making a direct hit on Puerto Rico that caused severe flooding and cut power to almost all the island.

Trump urges 'strong and swift' U.N. action to end Rohingya crisis

UNITED NATIONS/COX'S BAZAR, Bangladesh - U.S. President Donald Trump wants the United Nations Security Council to take "strong and swift action" to end violence against Myanmar's Rohingya Muslims, Vice President Mike Pence said on Wednesday, declaring the crisis a threat to the world.

Pakistan paceman Irfan raring to return after ban

REUTERS - Mohammad Irfan expects to avoid a backlash from Pakistan fans after the paceman served a six-month ban for failing to disclose approaches made by bookmakers during a domestic Twenty20 tournament and is happy for the chance to resume his career.

Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

TAIPEI/SAN FRANCISCO - Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure.

Face of Tata group to change in next decade, Ratan Tata says

MUMBAI - The face of salt-to-software conglomerate Tata will change in the next 10 years as it moves forward with adopting new technologies and responds to the needs of a fast-growing nation, former chairman Ratan Tata said in a CNBC TV18 interview on Wednesday.

Jaitley vows "necessary" measures to revive slowdown-hit economy

NEW DELHI - India is considering ways to revive its slowdown-hit economy and will unveil the "necessary" steps once Prime Minister Narendra Modi signs off on them, Finance Minister Arun Jaitley said on Wednesday.

Finance Minister Arun Jaitley says discussing steps to revive economy

NEW DELHI - The Indian government is discussing steps to revive the economy, Finance Minister Arun Jaitley said on Wednesday.

Exclusive: Reliance plans major expansion at world's largest oil refinery complex

MUMBAI/NEW DELHI - The Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter.

Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker

ESSEN, Germany - Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations in a preliminary deal that would create the continent's No.2 steelmaker after ArcelorMittal.

Sensex, Nifty end little changed; Reliance Industries gains

REUTERS - Indian shares ended largely unchanged on Wednesday as gains in market heavyweight Reliance Industries Ltd were more than offset by profit-taking in stocks such as ICICI Bank Ltd.

Hindus fleeing Myanmar violence hope for shelter in Modi's India

KUTUPALONG, Bangladesh/NEW DELHI - Caught in the crossfire between Myanmar's military and Rohingya insurgents, hundreds of Hindus who have fled to Bangladesh are placing their hopes on the Hindu nationalist government of Prime Minister Narendra Modi in neighbouring India.

Desperate night search for children in Mexico school ruins after quake

MEXICO CITY - Desperate parents and rescue workers pulled through rubble in a floodlit search on Wednesday for dozens of young children feared buried under a Mexico City school destroyed by the country's most lethal earthquake in a generation.

Heavy rains batter Mumbai yet again; air, rail traffic hit

MUMBAI - Heavy rains battered India's financial hub for the second time in weeks causing massive disruption at the country's second busiest airport and forcing authorities to shut down schools and colleges.

TRAI slashes mobile interconnect fee; telecom shares drop

MUMBAI - India's telecom regulator more than halved a fee mobile carriers pay for calls made from one network to another, dragging down shares of bigger operators such as market leader Bharti Airtel that are likely to be hit hard by the move.

Sensex, Nifty little changed; Reliance Industries hits record high

REUTERS - Indian shares were little changed on Wednesday, while market heavyweight Reliance Industries Ltd hit a record high as a cut in mobile interconnect fee is seen benefiting the company's telecom unit.

Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker

FRANKFURT - Germany's Thyssenkrupp and India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal.

Analysis: Trump's U.N. speech shows nationalist instincts firmly intact

Among the many signals that Donald Trump sent in his speech to the United Nations on Tuesday, one was especially clear: former chief strategist Steve Bannon's White House departure has not muted the president's "America First" foreign policy instincts.

Uber reviews Asia business amid U.S. bribery probe - source

REUTERS - Uber Technologies Inc, which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters.

Monsoon rains lash Mumbai, disrupt transport

MUMBAI - Torrential rains lashed India's financial capital Mumbai on Tuesday, flooding low-lying areas and disrupting transport.

Exclusive: U.S. defence firms want control over tech in Make-in-India plan

NEW DELHI - U.S. defence firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won't have to part with proprietary technology, according to a business lobby group's letter to India's defence minister.

India's cotton regions forecast to get much needed rain

NEW DELHI - Key cotton producing regions in central India are set for a recovery in rainfall levels, the country's weather office chief told Reuters on Tuesday, easing concerns for farmers who are betting on the fibre amid rising demand.

Nifty, Sensex end lower; financial stocks drag

REUTERS - Indian shares ended lower on Tuesday as financial stocks such as Housing Development Finance Corp dragged both indexes amid investor caution ahead of the U.S. Federal Reserve's policy statement this week.

Myanmar's Suu Kyi condemns abuses in Rakhine but rights groups sceptical

NAYPYITAW - Myanmar leader Aung San Suu Kyi condemned on Tuesday any human rights violations in troubled Rakhine State and said anyone responsible would face the law, and that she felt deeply for the suffering of everyone caught up in the conflict there.

Nifty comes off record high; ITC top drag

REUTERS - The Nifty hit a record high on Tuesday before erasing gains to trade slightly lower, dragged down by market heavyweights such as ITC Ltd.

Quiet energy revolution underway in Japan as dozens of towns go off the grid

TOKYO/HIGASHI MATSUSHIMA, JAPAN - A northern Japanese city's efforts to rebuild its electric power system after the 2011 earthquake and tsunami mark a quiet shift away from the country's old utility model toward self-reliant, local generation and transmission.

South Africa's court to hear state's appeal against Oscar Pistorius in November

JOHANNESBURG - South Africa's Supreme Court of Appeal will hear the state's appeal against the six-year murder sentence handed to Paralympic gold medallist Oscar Pistorius on Nov. 3, the National Prosecuting Authority said on Tuesday.

Ford, Mahindra alliance reflects pressures on automakers

MUMBAI/DETROIT - Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a strategic alliance to counter challenges posed by fast-changing technology and global competition.

Seeking to deport Rohingya, India tells Supreme Court has evidence of militant links

NEW DELHI - India's home ministry said on Monday it would confidentially share intelligence information with the Supreme Court showing Rohingya links with Pakistan-based militants, in a bid to get legal clearance for plans to deport 40,000 Rohingya Muslims.

Exclusive: India eyes spending cuts as glitches in GST hit revenue

NEW DELHI - India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said.