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Exclusive: Japan in driver's seat for Indian bullet train deals

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NEW DELHI/TOKYO Japanese steel and engineering companies are in the driver's seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi's economic policy - a push to 'Make in India'.

Exclusive: India plans to raise health spending by 11 percent in budget; less than requested

NEW DELHI India is poised to raise its public health spending by 11 percent in the annual budget next month, after rejecting Health Minister J.P. Nadda's demand for a much bigger increase to ramp up disease control, according to government sources and documents.

Budget 2017, Business, 3:11pm IST

Ultratech Cement third-quarter profit falls 23 percent on raw material price rise

India's UltraTech Cement Ltd, part of the Aditya Birla Group, on Thursday posted a 23 percent drop in third-quarter profit, hurt by rising pet coke and coal prices.

Budget 2017, Business 1:42pm IST

Cricket: Kohli named ICC Cricketer of the Year

MUMBAI India captain Virat Kohli had something to cheer on Thursday when he was named ICC World Cricketer of the Year, a day after suffering his first test series defeat as skipper in South Africa.

1:36pm IST

India to set up $350 million fund to finance solar projects

NEW DELHI India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.

Budget 2017, Business 11:59am IST

Exclusive: Trump accuses Russia of helping North Korea evade sanctions; says U.S. needs more missile defence

WASHINGTON U.S. President Donald Trump complained on Wednesday that Russia was helping North Korea to evade international sanctions, signalling frustration with a country he had hoped to forge friendly relations with after his 2016 election win. | Video

World, 8:50am IST

The Wider Image: Dance bars, mobile phones and Chelsea jerseys: changing face of Bhutan

THIMPHU For decades Bhutan had no television, no traffic lights and a culture that had barely changed in centuries.

World, 1:50pm IST

Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

Apple Inc will open a new campus as part of a five-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump. | Video

Budget 2017, Business, Tech 8:24am IST

Israel's Netanyahu says Mahatma Gandhi an inspiration

NEW DELHI Israeli Prime Minister Benjamin Netanyahu visited the home of Mahatma Gandhi on Wednesday, saying modern India's founding father and promoter of peace was an inspiration for humanity.

Israel 1:51am IST

Exclusive: Trump denies U.S. embassy to be moved to Jerusalem within a year

WASHINGTON President Donald Trump denied on Wednesday that the planned relocation of the U.S. embassy in Israel to Jerusalem would take place within a year, after Prime Minister Benjamin Netanyahu said he expected the controversial move to happen by then.

World, Israel, 2:38am IST

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Exclusive: Japan in driver's seat for Indian bullet train deals

NEW DELHI/TOKYO Japanese steel and engineering companies are in the driver's seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi's economic policy - a push to 'Make in India'.

Bus fire kills 52 Uzbeks travelling in Kazakhstan - Kazakh government

ALMATY A bus fire in northwestern Kazakhstan killed 52 Uzbek citizens on a route used by migrant workers heading to Russia, the Kazakh Interior Ministry said on Thursday.

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Analysis: Shady triangle - Southeast Asia's illegal fuel market

SINGAPORE An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel from Shell's biggest refinery is shining a spotlight on an illegal trade worth tens of billions of dollars worldwide.

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Oil stable on threats of rebel attacks in Nigeria, falling U.S. crude stocks

SINGAPORE Oil prices were stable on Thursday, supported by tighter inventories of crude as well as rebel threats of an attack on Nigeria's petroleum industry, but the market was weighed down by a reported rise in U.S. fuel stocks.

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'Padmaavat' takes on 'Padman' in 2018's first Bollywood showdown

A controversial period drama based on a Rajput queen will clash with a biopic on the manufacturer of low-cost sanitary pads when two of the year's biggest Bollywood films open ahead of India's Republic Day weekend.

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