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SAARC summit uncertain as India, others pull out in snub to Pakistan

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KATHMANDU A summit of South Asian Association for Regional Cooperation (SAARC) leaders set for Islamabad in November may be called off, as several countries have decided not to attend amid rising tension between arch-rivals India and Pakistan, officials said on Wednesday.

Kashmiris warn India its crackdown is turning some to militancy

SRINAGAR, India Simmering anger over India's crackdown on 10 weeks of protests in Kashmir risks drawing more young people to radical rebellion, demonstrators and security officials warn, as the sense of despair and alienation from New Delhi deepens.

28 Sep 2016

India to allow options trading in commodity markets

MUMBAI India will allow the introduction of option contracts for commodities as part of a push to deepen trading in the market and to allow more hedging opportunities, the capital markets regulator said on Wednesday.

Business 28 Sep 2016

China urges Pakistan, India to solve differences over disputed Kashmir

BEIJING China on Wednesday called on Pakistan and India to solve their differences over Kashmir, as tensions mount between the nuclear-armed neighbours after an attack killed 18 Indian soldiers in the disputed Himalayan region.

28 Sep 2016

Wal-Mart in talks to buy stake in Flipkart - sources

HONG KONG/MUMBAI Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market.

Business, Deals, Tech 28 Sep 2016

Liberty bid for two Tata Steel UK units worth nearly 100 million pounds - source

LONDON Industrial and commodity group Liberty House's bid for Tata Steel UK's speciality steel and pipe businesses is worth nearly 100 million pounds ($130 million), an industry source told Reuters on Wednesday.

Business, Deals 28 Sep 2016

Indian tax drive offers no absolution, to yield little cash for govt

NEW DELHI The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.

Business, 28 Sep 2016

Volkswagen suspends ties with some Indian suppliers after expose of child deaths in mica mines

MUMBAI (Thomson Reuters Foundation) - German carmaker Volkswagen has stopped buying mica from some suppliers in India, following a Thomson Reuters Foundation investigation that found child workers were dying in illegal, unregulated mines, a company official said.

28 Sep 2016

Anheuser-Busch to pay U.S. SEC $6 million to settle India bribery charges

Brewing company Anheuser-Busch has agreed to pay $6 million to settle charges that it violated U.S. anti-bribery laws and also "chilled a whistleblower," the U.S. Securities and Exchange Commission said on Wednesday.

Business 28 Sep 2016

Supreme Court extends Sahara chief Subrata Roy's parole

NEW DELHI Supreme Court has extended the parole of conglomerate Sahara's chief Subrata Roy by nearly a month in an interim order issued on Wednesday.

Business 28 Sep 2016

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Kashmiris warn India its crackdown is turning some to militancy

SRINAGAR, India Simmering anger over India's crackdown on 10 weeks of protests in Kashmir risks drawing more young people to radical rebellion, demonstrators and security officials warn, as the sense of despair and alienation from New Delhi deepens.

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China urges Pakistan, India to solve differences over disputed Kashmir

BEIJING China on Wednesday called on Pakistan and India to solve their differences over Kashmir, as tensions mount between the nuclear-armed neighbours after an attack killed 18 Indian soldiers in the disputed Himalayan region.

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Oil soars 6 percent as OPEC reaches deal to limit output in November

NEW YORK Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said.

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Most Americans say Clinton won first debate against Trump - Reuters/Ipsos poll

NEW YORK A majority of Americans say Democrat Hillary Clinton won Monday night's presidential debate, but her performance doesn't appear to have boosted her level of support among likely voters, according to a Reuters/Ipsos national tracking poll released on Wednesday.

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Interview: Harshvardhan Kapoor

Harshvardhan Kapoor is unwell. He is recovering from fever and is being tested for malaria. But the 25-year-old son of actor Anil Kapoor becomes animated when he starts talking about films – and not just his debut film, “Mirzya”, a modern re-telling of the Mirza Sahiban love story that releases on October 7.

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