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India's Modi eyes breakthrough nuclear pact on Japan trip
By Sanjeev Miglani NEW DELHI (Reuters) - India is hoping to win Japanese backing for a nuclear energy pact during a visit by Prime Minister Narendra Modi, and lure investment into its $85 billion market while addressing Japan's concern about doing business with a nuclear-armed country. India has been pushing for an agreement with Japan on the lines of a 2008 deal with the United States under ...
Wed, 27 Aug 2014 14:11:20 -0700

India asks Pepsi to cut down sugar in sodas
India has asked US soft drinks giant PepsiCo to reduce the sugar content of its sodas as the country battles growing levels of obesity and diabetes. PepsiCo chairman Indra Nooyi met food processing industry minister Harsimrat Kaur Badal during a visit to India on Tuesday to discuss its plans for healthier options and investing in India. "PepsiCo has been requested to further bring down the sugar ...
Wed, 27 Aug 2014 03:36:34 -0700

India court pressures Modi on 'criminal' ministers
India's top court said Wednesday lawmakers with criminal backgrounds should not serve in government, with 13 ministers in the current administration facing charges for attempted murder, rioting and other offences. The ruling shines a spotlight on Narendra Modi and his cabinet after the right-wing prime minister swept to power this year pledging clean governance. The Supreme Court ruled Modi ...
Wed, 27 Aug 2014 09:29:21 -0700

India Asks PepsiCo to Help Make School Lunches Healthier
India's government is seeking help from an unlikely partner to improve the diets of millions of its hungriest children: PepsiCo Inc. (PEP), the world's largest snack maker. The nation's three-month-old government asked PepsiCo to develop nutritious processed foods to be included in school lunches around the country, food processing minister Harsimrat Kaur Badal said yesterday after a meeting ...
Tue, 26 Aug 2014 22:51:42 -0700

India Hedge Funds Perform Best Globally on ‘Modi, the Hero’
Hedge funds investing in India have become the world's best performers this year on expectations that Prime Minister Narendra Modi will revive Asia's third-largest economy. The funds investing in the South Asian nation have returned 26 percent this year through July, according to Eurekahedge Pte. That compares with an average 3.5 percent gain for those investing in Asia, 1.9 percent for Greater ...
Wed, 27 Aug 2014 00:03:50 -0700

India Hedge Funds Are World’s Best Performer on ‘Modi, the Hero’
Hedge funds investing in India have become the world's best performers this year on expectations that Prime Minister Narendra Modi will revive Asia's third-largest economy. The funds investing in the South Asian nation have returned 26 percent this year through July, according to Eurekahedge Pte. That compares with an average 3.5 percent gain for those investing in Asia, 1.9 percent for Greater ...
Tue, 26 Aug 2014 17:47:02 -0700

India thrash England in second ODI
England lose by a crushing 133 runs in the second one-day international at Cardiff after Suresh Raina's superb century.
Wed, 27 Aug 2014 10:22:38 -0700

India's coal crunch - a chance to revamp, reallocate and revive
NEW DELHI/MUMBAI (Reuters) - A Supreme Court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India(COAL.NS) to raise output fast enough. In declaring scores of coal block allocations made since 1993 unlawful and arbitrary, the Supreme Court has put ...
Wed, 27 Aug 2014 03:38:34 -0700

India anti-trust watchdog fines carmakers $420 million
India's anti-trust watchdog has fined 14 automakers a total of $420 million for restricting competition in the spare parts market and driving up prices, a official said Tuesday, a few days after Chinese regulators took similar action. The Competition Commission of India found domestic automakers and local units of global vehicle manufacturers guilty of "anti-competitive conduct" by curbing the ...
Tue, 26 Aug 2014 10:26:23 -0700

Modi Honeymoon May Sour as India Court Nixes Mine Giveaways
He has India's Supreme Court to thank. The court this week declared the handing of state-owned coal mines to companies over the past two decades "arbitrary and illegal." The implications of that decision is mining licenses may be rescinded, upending an economy that gets 60 percent of its electricity from coal. "It's clear the court has left a window open," said Debasish Mishra, senior director ...
Wed, 27 Aug 2014 02:47:13 -0700


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