India's market regulator accuses Reliance of wrongful share trading


MUMBAI India's market regulator accused Reliance Industries on Friday of having committed a "fraud" in taking a short trading position at the time of selling a stake in a subsidiary in 2007, ordering it to surrender 4.5 billion rupees ($69 million) plus interest in "unlawful gains".

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EXCLUSIVE: Short of track, Indian Railways eyes private suppliers in blow to state steel firm 5:19am IST

NEW DELHI Indian Railways is considering ending state-owned Steel Authority of India Ltd's (SAIL) virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector, people close to the matter told Reuters.

Police investigate Ravindra Gaikwad over Air India sandal fracas 24 Mar 2017

NEW DELHI Indian police said on Friday they were launching an investigation into a Hindu-nationalist lawmaker a day after he acknowledged hitting an Air India official 25 times with his sandals in a row over a business class seat.

State Bank of India says to begin process for life insurance arm IPO 24 Mar 2017

MUMBAI State Bank of India, the nation's top lender by assets, said on Friday it would begin the process for an initial public offering (IPO) of its life insurance arm, with plans to sell a 10 percent stake.

Man blows self up near Bangladesh airport, Islamic State claims attack 2:43am IST

DHAKA A man carrying a bomb blew himself up in front of a police checkpoint near Bangladesh's international airport on Friday, in a blast claimed by Islamic State.

Analysis: Uber reviews India leasing scheme as driver incomes drop - sources 24 Mar 2017

NEW DELHI Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. | Video

India's monsoon likely to escape El Nino unscathed - IMD 24 Mar 2017

NEW DELHI India is likely to emerge unscathed from the El Nino weather pattern as it is expected to set in only during the latter part of the four-month monsoon season, a top weather official said, indicating a timely arrival of crop-nourishing rains.

High gold prices keep demand in check, Indian jewellers stock up for festival 24 Mar 2017

BENGALURU/MUMBAI An uptick in prices kept a lid on demand for gold in most regions across Asia this week, while in India, an upcoming festival saw jewellers stocking up on the metal.

Trump tastes failure as U.S. House healthcare bill collapses 4:53am IST

WASHINGTON President Donald Trump suffered a stunning political setback on Friday in a Congress controlled by his own party when Republican leaders pulled legislation to overhaul the U.S. healthcare system, a major 2016 election campaign promise of the president and his allies.

India add fit-again paceman Shami to squad for fourth test 24 Mar 2017

India have added fit-again fast bowler Mohammed Shami to their squad for the fourth and final test against Australia in Dharamsala, the country's cricket board (BCCI) said on Friday.