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India says will shake up trade tariffs to compete globally


NEW DELHI - India plans to pull its tariff regime closer in line with global norms to prepare for new regional trade pacts being negotiated by advanced economies, the government said on Wednesday.

As more flooding looms, Kashmir remains vulnerable to disaster

SRINAGAR (Thomson Reuters Foundation) - As Kashmir braces for what could be its second major flood in six months, residents are worried that inadequate flood-control infrastructure in the region could see them facing yet more death and devastation.

9:25pm IST

Beef traders call off strike, look to courts

MUMBAI - Faced with dwindling business, beef traders called off a month-long strike against a beef ban on Wednesday and decided to mount a legal challenge to the government.

Business 8:34pm IST

Stock options, new blood as India's state banks ready for change

MUMBAI - State Bank of India , the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.

Business 11:03am IST

India's Nirodh condoms to get visual facelift

NEW DELHI - When it comes to the wrappers of government-supplied condoms, boring is out, attractive is in, but erotic is too much.

5:50pm IST

Indian firms mock gender diversity as boardroom deadline passes - analysts

NEW DELHI (Thomson Reuters Foundation) - Corporate India has made a mockery of an order to appoint women directors by recruiting wives, daughters and even stepmothers, analysts said on Wednesday as the deadline set by regulators for boosting gender diversity in the boardroom passed.

Business 7:04pm IST

RBI to leave repo rate on hold next week but cut 25 bps by end-June - Reuters poll

BENGALURU - The Reserve Bank of India (RBI) will most likely leave its benchmark interest rate unchanged at 7.50 percent at next week's policy meeting, but reduce it by 25 basis points by the end of June, a Reuters poll found.

Business 4:07pm IST

Erratic weather threatens India's poorest silk producers

KUNAVARAM, India (Thomson Reuters Foundation) - Kurra Bhumamma, 26, softly runs a finger on the wings of a silk moth.

7:40pm IST

Tandoori microwaves help Samsung woo India, counter global dip

MUMBAI - Microwave ovens that cook tandoori bread, smartphones that understand Tamil and washing machines designed to deal with humid, dusty cities: all part of Samsung Electronics' push to conquer India and offset a global slump.

Tech, Business 5:14pm IST

Snubbed Kamal quits as ICC president

DHAKA - The International Cricket Council (ICC) was left red-faced on Wednesday when its president Mustafa Kamal resigned claiming he was snubbed at the presentation ceremony after Sunday's World Cup final in Melbourne.

7:15pm IST

It was me, says Salman Khan’s driver in hit-and-run

Actor Salman Khan’s defence in a decade-old hit-and-run case got a significant boost on Monday after his driver testified in court that it was he, and not the Bollywood star, who was behind the wheel of an SUV that ran over people in 2002.

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