Motherson Sumi to buy Finland's PKC Group for $609 million


HELSINKI India-based car parts maker and engineering group Motherson Sumi Systems Ltd has agreed to buy Finnish truck wire maker PKC Group for 571 million euros ($609 million), PKC said on Thursday.

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Protesters in Tamil Nadu urge Modi to allow ancient bull-taming rite of 'jallikattu' 19 Jan 2017

NEW DELHI Protests by thousands of people demanding the resumption of a traditional bull-taming festival have disrupted daily life across the state of Tamil Nadu, forcing its leader to urge intervention by Prime Minister Narendra Modi.

India pip England in Cuttack run-fest to clinch series 19 Jan 2017

CUTTACK, India Limited overs stalwarts Yuvraj Singh and Mahendra Singh Dhoni rolled back the years to smash scintillating centuries to help India secure a series-clinching 15-run victory in the second one-day international against England on Thursday.

Indian government wants Apple, but not all officials are biting 19 Jan 2017

NEW DELHI Some Indian officials have baulked at Apple's demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi's campaign to lure foreign investors.

Lloyd's of London says India reinsurance branch to open by April 19 Jan 2017

LONDON Lloyd's of London said on Thursday it received final regulatory approval for its reinsurance branch in India and will open in time for April reinsurance renewals.

India rules out lowering sugar import tax for now - govt source 19 Jan 2017

NEW DELHI India, the world's biggest sugar consumer, has no plan to lower import duty on the sweetener, at least in the near term, a government official said on Thursday.

American man arrested in Hyderabad for online child porn, police probe trafficking links 19 Jan 2017

BHUBANESWAR, India (Thomson Reuters Foundation) - A 42-year-old American has been arrested in Hyderabad on suspicion of circulating child pornography on the internet, police said on Thursday, adding that they were investigating whether any of the victims had been trafficked.

Hopes fade of finding survivors buried under avalanche in Italy 2:29am IST

PENNE, Italy Hopes of finding survivors dwindled on Thursday more than 24 hours after an avalanche struck a luxury mountain hotel in Italy burying up to 30 people under tonnes of snow and debris. | Video

Axis Bank Q3 net profit plunges as bad loans jump 19 Jan 2017

MUMBAI Axis Bank Ltd, India's third-biggest private sector lender by assets, reported on Thursday third-quarter net profit tumbled 73 percent as provisions for bad loans jumped.

India to levy service tax on freight for imports on delivered basis 19 Jan 2017

NEW DELHI Overseas exporters chartering foreign vessels to supply goods to India will have to pay a service tax on freight from Sunday, a government notification said.