By Reuters Staff NEW DELHI (Reuters) – India is working to offer production-linked incentives to more sectors to boost domestic manufacturing, a top government official said on Friday, bolstering efforts to attract new investments in its coronavirus-stricken economy. The Cabinet will soon consider approving such incentives for more sectors, Rajiv Kumar, vice chairman of NITI Aayog, […]
By Krishna N. Das NEW DELHI (Reuters) – Fast but less accurate “rapid antigen tests” now account for 60% of all coronavirus tests in India, the head of a top diagnostic firm estimated on Wednesday, warning that such a high use could misrepresent the actual spread of the infection. Antigen devices return results in about 15 […]
By Fayaz Bukhari SRINAGAR,India (Reuters) – India has amended a law in Jammu and Kashmir allowing Indian citizens to buy land in the disputed territory, said officials, sparking opposition criticism about a steady erosion of the rights of Kashmiri people. A notification issued on Tuesday stated that the term “being permanent resident of the state” as […]
By Reuters Staff BENGALURU (Reuters) – Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $1 billion to salt-to-software conglomerate Tata Group, the Economic Times reported on Wednesday, citing three sources familiar with the matter. The century-old group has been planning to launch a “super app”, one that […]
By Saurabh Sharma LUCKNOW, India (Reuters) – Health authorities in one of India’s most populous states faced a big test on Wednesday with the country’s first state assembly election being held since the novel coronavirus epidemic began, despite calls to postpone it. The world’s biggest democracy has one of its worst outbreaks of the coronavirus, with […]
India and the US have signed a military agreement on sharing sensitive satellite data amid Delhi’s tense border standoff with Beijing. Access to such data is considered vital for hitting missiles, drones and other targets with precision. The deal was announced after the annual “2+2” high-level talks in Delhi on Tuesday. Experts say the strengthening […]
By Aditya Kalra NEW DELHI (Reuters) – India’s Future Retail Ltd (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator while arguing against Amazon.com Inc’s bid to scupper the deal, a legal order seen by Reuters showed. Amazon on Sunday won an injunction from […]
By Sanjeev Miglani NEW DELHI (Reuters) – The United States and India must work together to confront the threat posed by China to security and freedom, U.S. Secretary Mike Pompeo said on Tuesday as he prepared for talks with Indian leaders. Pompeo arrived in New Delhi on Monday along with Defense Secretary Mark Esper for […]
By Sanjeev Miglani, Nigam Prusty NEW DELHI (Reuters) – India will sign a military agreement with the United States for sharing of sensitive satellite data, the defence ministry said on Monday, as the two sides began a top-level security dialogue aimed at countering China’s growing power in the region. U.S. Secretary of State Mike Pompeo and […]
By Indradip Ghosh BENGALURU (Reuters) – The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pandemic, according to economists polled by Reuters. With over 7.6 million coronavirus infections, India is the second worst hit […]
