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Violence erupted in the northern state of Harayana state on Monday after a right-wing Hindu organization led a religious procession in the Muslim dominated region of Nuh. However, opposition politicians and activists have called the attack a “hate crime” that targeted India’s Muslim minority population. Increase in hate crimesThe latest communal violence come against a broader rise in hate crimes against minority groups. Last month, the BJP chief minister of the state of Assam, Himanta Biswa Sarma, blamed Muslims for the soaring prices of tomatoes. Some cities named after historic Muslim figures have also been renamed to reflect India’s Hindu history.
Persons: Parveen Kumar, Narendra, Modi, Yogi, Asgar Ali, Mohammed, Ali, haven’t, Police haven’t, Asaduddin, , Jairam Ramesh, ” Asim Ali, Deepankar Basu, Himanta Biswa Sarma, Barack Obama, “ Hussain Obama ”, Obama, Adityanath, Donald Trump’s, Rana Ayyub Organizations: New Delhi CNN, Extra, Hindustan Times, Haryana Police, CNN, ” Police, Police, Bharatiya Janata Party, BJP, Dal, NDTV Locations: New Delhi, India, Harayana, Nuh, Gurgaon, Gurugram’s, Maharashtra, Mumbai, Haryana, Nuh Chowk, Gurugram, Hindustan, Delhi, Manipur, Assam, Uttar Pradesh, today’s India
CNN —An Indian railway security officer opened fire on a moving train in the country’s western Maharashtra state on Monday, killing four people, according to a spokesperson for the Western Railway. The incident occurred on a passenger train traveling from Jaipur to Mumbai around 6 a.m. local time (8:30 p.m. ET Sunday), the spokesperson told Indian news agency Asian News International on camera. He was arrested by police after he pulled the alarm and jumped off the train, the spokesperson continued. Divisional Railway Manager Neeraj Kumar told reporters that the families are being contacted and compensation would be given to the next of kin.
Persons: Chetan Kumar, Tikaram Meena, Neeraj Kumar Organizations: CNN, Western Railway, Asian, International, Protection, Divisional Locations: Maharashtra, Jaipur, Mumbai,
REUTERS/Francis MascarenhasMUMBAI, July 22 (Reuters) - The death toll from a landslide in India's western state of Maharashtra rose to 26 on Saturday, a disaster relief official said, with dozens still feared trapped under layers of mud and slush two days after the incident. The landslide occurred on Thursday night in the remote mountain hamlet of Irshalwadi, about 60 km (37 miles) from Mumbai, flattening several houses. Singh, an official with the National Disaster Response Force (NDRF), told Reuters. Visuals from news channels showed rescue teams, wearing bright orange raincoats and carrying digging tools, trekking up the mountain to the site of the landslide. There were about 16-17 houses affected by the landslide and many families have been relocated, the official added.
Persons: Francis Mascarenhas MUMBAI, S.B, Singh, Siddhi Nayak, Clelia Organizations: Response Force, REUTERS, Reuters, Siddhi, Thomson Locations: Raigad, Maharashtra, India, India's, Irshalwadi, Mumbai
[1/5] Members of rescue teams prepare graves to bury the victims after a landslide following heavy rains in Raigad district in the western state of Maharashtra, India, July 20, 2023. REUTERS/Francis MascarenhasMUMBAI, July 21 (Reuters) - Rescue teams resumed a search on Friday for possible survivors of a massive landslide in western India that killed 16 people and was suspected to have trapped more than a 100. Thick fog and heavy rain hampered already difficult rescue efforts even further on Friday, Indian television news channels said, more than a day after the incident occurred at midnight on Thursday. On Friday, news channels showed visuals of rescue teams, wearing bright orange raincoats and carrying digging tools, trekking up the mountain to the site of the landslide. More than 100 people were feared trapped in the debris, media said.
Persons: Francis Mascarenhas MUMBAI, Atul Karwal, Devendra Fadnavis, Shilpa Jamkhandikar, Muralikumar Organizations: REUTERS, Rescue, Response Force, Reuters, Thomson Locations: Raigad district, Maharashtra, India, Irshalwadi, Mumbai
IRSHALWADI, India, July 20 (Reuters) - The death toll from a massive landslide in western India rose to 16 late on Thursday, as rescue operations were suspended with around 100 people still feared trapped, officials said. Rescue workers recovered 16 bodies before night fell and local authorities advised they suspend the search, Director General of the National Disaster Response Force (NDRF), Atul Karwal, told Reuters. Rescuers searched for over 12 hours in heavy rains and fog, dodging large boulders that tumbled down the mountain slope, a Reuters witness and local media reported. [1/3]Members of rescue teams prepare graves to bury the victims after a landslide following heavy rains in Raigad district in the western state of Maharashtra, India, July 20, 2023. MORE RAIN COMINGA landslide in a nearby village killed more than 80 people two years ago.
Persons: Atul Karwal, Devendra Fadnavis, Francis Mascarenhas, Singh, Mahal, Mahatma Gandhi, Francis Mascerenhas, Shilpa Jamkhandikar, Rajendra Jadhav, Sumit Khanna, Robert Birsel Organizations: Response Force, Reuters, REUTERS, Indian Express, India Meteorological Department, Thomson Locations: IRSHALWADI, India, Irshalwadi, Maharashtra, Mumbai, Raigad district, Gujarat, New Delhi, Red, Rajghat
While average monsoon rains are ordinarily good for Indian farmers, uneven distribution this year has created new worries. ERRATIC DISTRIBUTIONSome northern and north-western states have received excessive rains, while southern and eastern regions have been unusually dry. Only a third of the country has received average rainfall so far this season, according to India Meteorological Department (IMD) data. Meanwhile, about 34% of India has received deficient rains and 32% excessive rainfall, the data shows. Heavy rainfall has damaged newly planted rice crops in northern states such as Punjab, Haryana, Himachal Pradesh and Uttar Pradesh, and many farmers may have to replant.
Persons: El, Rajendra Jadhav, Tony Munroe, Tom Hogue Organizations: India Meteorological Department, Reuters, Farmers, El Nino, Thomson Locations: MUMBAI, India, El Nino, Haryana, Punjab, Gujarat, Himachal Pradesh, Rajasthan, Jharkhand, Bihar, Telangana, Chhattisgarh, Kerala, Uttar Pradesh, Maharashtra, Andhra Pradesh, West Bengal, Karnataka, New Delhi, rapeseed
Tomato prices surged 366.86% from 26.76 rupees per kg at the start of the year to 108.92 rupees per kg as of July 11. India is facing a tomato crisis as prices have skyrocketed more than 300% due to extreme weather conditions. Tomato prices surged 341% year-to-date, from 24.68 rupees per kg to 108.92 rupees per kg as of July 11, data from the Department of Consumer Affairs showed. "Due to excess rainfall in these states, tomato [crops have] been highly affected… A large part of the tomato crop has been destroyed due to rains and flood," the council stated. Another popular Indian dish, the Andhra Tomato Kura (tomato curry) is also widely enjoyed by locals.
Persons: Damien Yeo Organizations: Department of Consumer Affairs, National, BMI, Fitch Solutions Locations: Kolkata, India, Andhra Pradesh, Maharashtra, Karnataka
Indian online gaming companies' shares fall on 28% tax blow
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, July 12 (Reuters) - Shares of Indian online gaming firms Nazara Technologies (NAZA.NS), Onmobile Global (ONMO.NS), and Delta Corp (DELT.NS) slid on Wednesday, a day after the government imposed a 28% tax on the funds collected by online gaming companies from customers. The tax will not differentiate skill-based games from those based on chance, Maharashtra state minister Sudhir Mungantiwar said on Tuesday. Shares of Nazara Technologies and Onmobile Gaming fell as much as 14.2% and 8.9% before they trimmed some losses. Delta Corp slipped 10% to hit its lower circuit. Nazara and Delta have risen 21.6% and 15.9%, respectively, so far this year as of Tuesday's close, while Onmobile has fallen 11.9%.
Persons: Nirmala Sitharaman, Sudhir Mungantiwar, Onmobile, Varun Vyas, Savio D'Souza, Sonia Cheema Organizations: Nazara Technologies, Onmobile, Delta Corp, Thomson Locations: BENGALURU, Maharashtra, Bengaluru
July 11 (Reuters) - Indian billionaire Gautam Adani is considering a bid for the bankrupt coal-fired power plants belonging to industrialist Anil Ambani, Bloomberg News reported on Tuesday, citing people familiar with the matter. Ambani's Reliance Power Ltd (RPOL.NS) will also likely make an offer to win back control of the firm, the report added. Last week, Adani Green Energy Ltd (ADNA.NS) approved raising 123 billion rupees ($1.49 billion), while two other Adani group companies - Adani Transmission (ADAI.NS) and Adani Enterprises (ADEL.NS) - had in May outlined plans to raise funds totalling $2.57 billion. Adani's bids are aimed at strengthening the company's growing portfolio of coal power projects, the report said. Adani Enterprises or Reliance Power did not immediately respond to a Reuters' request for comment.
Persons: Gautam Adani, Anil Ambani, Ambani, Adani, Jose Joseph, Kashish Tandon, Sohini Goswami Organizations: Bloomberg, Vidarbha Industries Power Ltd, Ambani's Reliance Power, Green Energy Ltd, Adani Enterprises, Hindenburg Research, Reliance, Thomson Locations: Vidarbha, Nagpur, Maharashtra, Bengaluru
MUMBAI, July 10 (Reuters) - India's Godrej Aerospace said on Monday it will pitch to manufacture modules of GE 414 engines and become part of the supply chain to manufacture engines that will power the country's next generation indigenous fighter jets. "We will have to study the tie up done between GE and HAL ... How the deal happens and how much technology transfer happens needs to be seen. We will have more clarity in 2-3 months," Maneck Behramkamdin, associate vice president and business head at Godrej Aerospace said during a plant visit. The company is planning to invest 2.50 billion Indian rupees ($30.26 million) to build a facility in Khalapur in Maharashtra for advanced manufacturing and assembly and integration facilities, Godrej Aerospace said. The Modi government has been pushing for indigenous manufacturing as well as sourcing local components for aerospace and defence and companies like Airbus and Boeing have recently committed to more local manufacturing and investment.
Persons: Narendra Modi's, Modi, Dhwani Pandya, Sethuraman, Himani Sarkar, Raju Gopalakrishnan Organizations: Aerospace, GE, U.S, Hindustan Aeronautics Limited, HAL, Godrej Aerospace, Airbus, Boeing, Dhwani, Thomson Locations: MUMBAI, Khalapur, Maharashtra, Mumbai
Hong Kong CNN —At least 25 people have been killed after a bus carrying a wedding party burst into flames after crashing in India’s western state of Maharashtra on Saturday. Baburao Mahamuni, Deputy Superintendent of Police in Buldhana, said the incident had taken place on the Samruddhi Mahamarg expressway, CNN’s Indian affiliate News 18 reported. Mahamuni said the injured were being taken to Buldhana Civil Hospital. “Chief Minister Eknath Shinde has expressed deep grief over the horrific accident of a private bus on the Samruddhi highway near Sindkhedaraja in the Buldhana district,” the tweet read. It said the Chief Minister’s Relief Fund would provide around $6,000 to the families of each person killed “in this unfortunate incident”.
Persons: Baburao Mahamuni, Mahamuni, Eknath Shinde Organizations: Hong Kong CNN, Civil Hospital, Police, Minister’s Locations: Hong Kong, Maharashtra, Buldhana, Yavatmal, Pune, Sindkhedaraja
India bus fire kills 25 - ANI
  + stars: | 2023-07-01 | by ( ) www.reuters.com   time to read: 1 min
July 1 (Reuters) - Twenty five people died and about eight people were injured after a bus travelling in India's Maharashtra state caught fire, India's ANI News Agency reported early on Saturday. The bus, travelling from Yavatmal to Pune, was carrying 32 people, the report said. Reporting by Rahat Sandhu in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Rahat Sandhu, William Mallard Organizations: Agency, Thomson Locations: India's Maharashtra, Yavatmal, Pune, Bengaluru
[1/2] An employee counts currency notes at a cash counter inside a bank in Agartala, capital of India's northeastern state of Tripura, January 29, 2010. REUTERS/Jayanta Dey/File PhotoNEW DELHI, July 1 (Reuters) - India's goods and services tax (GST) collections rose nearly 12% year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday. The government collected 1.45 trillion rupees as GST in June 2022 and a record 1.87 trillion rupees in April 2023. It expects to garner 9.56 trillion rupees through GST in the current fiscal year that ends in March 2024. India's nominal growth is estimated to be 10.5% in the current fiscal year.
Persons: Jayanta Dey, Shivangi Acharya, Simon Cameron, Moore Organizations: REUTERS, Thomson Locations: Agartala, India's, Tripura, DELHI, Maharashtra, Karnataka, Tamil Nadu
Indian shares set for muted start to week after Russia turmoil
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, June 26 (Reuters) - Indian shares were set for a muted open on Monday, on the heels of their first weekly loss in over a month, as crude prices rose on supply concerns after a short-lived mutiny by mercenaries in Russia. Foreign institutional investors sold a net 3.45 billion rupees ($42.1 million) worth of Indian equities on Friday, while domestic investors sold 6.84 billion rupees of shares, as per provisional NSE data. STOCKS TO WATCH:** ICICI Bank (ICBK.NS), ICICI Securities (ICCI.NS): Boards of the companies to consider delisting of ICICI Securities shares on June 29. ** HDFC Life Insurance Company: India's insurance regulator granted approval for transfer of its shares from HDFC Ltd (HDFC.NS) to HDFC Bank (HDBK.NS). ** Shree Cement (SHCM.NS): NDTV reported that tax evasion to the tune of 230 billion rupees ($2.80 billion) has been found in tax searches at multiple locations of Shree Cement in Rajasthan.
Persons: Wagner, Brent, Chris Thomas, Biplob Kumar Das, Eileen Soreng Organizations: Singapore Exchange, BSE, ICICI Bank, ICICI Securities, Life Insurance, HDFC Ltd, HDFC Bank, Ipca, U.S, FDA, of Maharashtra, Axis Bank, Kashmir Bank, NDTV, Shree, Thomson Locations: BENGALURU, Russia, Russian, Moscow, Asia, India, Pithampur, Jammu, Kashmir, Shree Cement, Rajasthan, Bengaluru
ATP roundup: Frances Tiafoe wins thrilling Stuttgart final
  + stars: | 2023-06-18 | by ( ) www.reuters.com   time to read: +1 min
[1/5] Tennis - ATP 250 - Stuttgart Open - Tennis Club Weissenhof, Stuttgart, Germany - June 18, 2023 Frances Tiafoe of the U.S. celebrates with a trophy after winning the Stuttgart Open in the final against Germany's Jan-Lennard Struff REUTERS/Angelika WarmuthJune 18 - Third-seeded Frances Tiafoe survived a championship point and outlasted home favorite Jan-Lennard Struff to win the Boss Open title 4-6, 7-6 (1), 7-6 (8) on Sunday in Stuttgart, Germany. He withstood 28 aces from Struff and finished with 36 winners and just four unforced errors. Struff ripped 56 winners with 13 unforced errors and recorded the match's only service break in the seventh game of the opening set. 6 seed Tallon Griekspoor rallied to beat Australian Jordan Thompson 6-7 (4), 7-6 (3), 6-3 to win his second career title in 's-Hertogenbosch, Netherlands. Griekspoor saved five of seven break points and finished the 2-hour, 35-minute match with a narrow 108-107 edge in total points.
Persons: Frances Tiafoe, Germany's Jan, Lennard Struff, Angelika Warmuth, Tiafoe, Tallon Griekspoor, Jordan Thompson, Griekspoor, Thompson Organizations: Weissenhof, Stuttgart, Lennard Struff REUTERS, ATP, Struff, Dutchman, Thomson Locations: Stuttgart, Germany, Netherlands, Maharashtra, India
Islamabad and New Delhi CNN —Tens of thousands of people are being evacuated as India and Pakistan brace for the impact of Cyclone Biparjoy, which is expected to make landfall in densely populated areas across the subcontinent Thursday, putting millions of lives at risk. Mass evacuations have started in Pakistan’s Sindh province, with about 60,000 people sent to temporary shelters, according to local authorities. Residents evacuate from a coastal area of Keti Bandar before the expected arrival of Cyclone Biparjoy in Pakistan's Sindh province on June 13. In India’s Gujarat state, about 21,000 people have been evacuated from coastal areas, according to the state’s relief commissioner, Alok Kumar Pandey. People gather near the shore before the arrival of Cyclone Biparjoy at Clifton Beach in Karachi, Pakistan, on June 13.
Persons: Biparjoy, , Leela Ram Kohli, Alok Kumar Pandey, Rashmi, Sherry Rehman, Cyclone, Akhtar Soomro, Tauktae Organizations: New Delhi CNN, India Meteorological Department, Cyclone, AFP, Getty, PIA, Livestock, CNN, Authorities, Twitter, Shenzhen Institute of Meteorological, Chinese University of Hong, World Meteorological Organization Locations: Islamabad, New Delhi, India, Pakistan, Pakistan’s Sindh, Karachi – Pakistan’s, Keti Bandar, Pakistan's Sindh, Sindh, Badin, India’s Gujarat, Gujarat, Maharashtra, Mumbai, Balochistan, People, Clifton Beach, Karachi, Chinese University of Hong Kong, Asia, India’s
Akhand Bharat,” tweeted Minister of Parliamentary Affairs Pralhad Joshi alongside a photograph of the map. “Akhand Bharat in (the) New Parliament. It also took place on the birthday of the late Vinayak Damodar Savarkar, the man widely considered to have developed the Hindutva ideology and one of the first proponents of Akhand Bharat. “We have to see the dream of Akhand Bharat in this lifetime and it has started with (this),” said deputy chief minister of the state of Maharashtra, Devendra Fadnavis. Faisal Khan/Anadolu Agency/Getty Images/FileExperts say such rhetoric has made India’s neighbors nervous.
Persons: Arindam Bagchi, Ashoka, Akhand Bharat, Bharat, , Pralhad Joshi, Akhand, Manoj Kotak, Bharat ”, Bharat ’, Mumtaz Zahra Baloch, , KP Sharma Oli, Baburam Bhattarai, Shahriar Alam, Subrahmanyam Jaishankar, , Salil Tripathi, Narendra Modi, Vinayak Damodar Savarkar, Savarkar, Modi, Amit Shah, Praful, Sushant Singh, Manjunath Kiran, Critics, Devendra Fadnavis, Faisal Khan, Ayesha Jalal, Fahd Humayun Organizations: CNN, India’s Ministry, External Affairs, Bharatiya Janata Party, BJP, Parliamentary, Rashtriya Swayamsevak Sangh, stoke, Mahasabha, Hindustan Times, Centre for Policy Research, Getty, India’s, Anadolu Agency, Tufts University Locations: Pakistan, Nepal, Bangladesh, New Delhi, India, Afghanistan, Myanmar, , Kathmandu, New York, Mumbai, ” India, Indian, Kashmir, Karnataka, Bangalore, Maharashtra, Srinagar
[1/7] A lifeguard patrols Juhu beach, during a red flag alert due to rough seas caused by cyclone Biparjoy, in Mumbai, India, June 12, 2023. REUTERS/Francis MascarenhasMUMBAI, June 12 (Reuters) - A storm off India's west coast has strengthened to become a powerful cyclone and could hit India's western state of Gujarat and southern parts of Pakistan this week, the Indian weather department said on Monday. "Rescue and relief teams of the Coast Guard, Army and Navy along with ships and aircraft have been kept ready on standby," it said. In neighbouring Pakistan, the National Disaster Management Authority said instructions were being given to take precautionary measures in southern and southeastern parts that may be affected. A 1998 cyclone killed at least 4,000 people and caused hundreds of millions of dollars in damage in Gujarat.
Persons: Francis Mascarenhas MUMBAI, Biparjoy, Rajendra Jadhav, Asif Shahzad, Sumit Khanna, Sakshi Dayal, Shivam Patel, Raju Gopalakrishnan, Philippa Fletcher, Jonathan Oatis, Mark Heinrich Our Organizations: REUTERS, India Meteorological Department, Adani, Indian Coast Guard, Key Singapore, Oil, Gas, Vedanta Ltd, Response Force, Coast Guard, Army, Navy, National Disaster Management Authority, Thomson Locations: Mumbai, India, Gujarat, Pakistan, Mandvi, Karachi, Fishermen, Mundra, Tuna, Kandla, Key, Dubai, Gujarat Pipavav, Kerala, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu
MUMBAI, June 12 (Reuters) - A storm off India's west coast has strengthened to become a powerful cyclone and could hit India's western state of Gujarat and southern parts of Pakistan this week, the weather department said. India's weather office has advised fishing communities to halt operations and the evacuation of people from the coastal areas of Saurashtra and Kutch regions of Gujarat. Officials from the Sindh provincial government also said they are preparing to evacuate people from three districts likely to be affected. A 1998 cyclone killed at least 4,000 people and caused hundreds of millions of dollars in damage in Gujarat. Reporting by Rajendra Jadhav, writing by Sakshi Dayal; Editing by Raju Gopalakrishnan and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
Persons: Bhupendra Patel, Biparjoy, Rajendra Jadhav, Sakshi Dayal, Raju Gopalakrishnan, Philippa Fletcher Organizations: India Meteorological Department, Reliance Industries, Gujarat Pipavav Port Limited, Force, State, National Disaster Management Authority, Thomson Locations: MUMBAI, Gujarat, Pakistan, Mandvi, Karachi, Saurashtra, Kutch, India, Gulf, Saurashtra ., Gujarat Pipavav Port, Sindh, Kerala, Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu
AHMEDABAD,India/NEW DELHI June 10 (Reuters) - India's western states of Gujarat, Maharashtra, Goa and other coastal regions are on alert after meteorologists warned that a cyclonic storm over the Arabian sea would intensify over the next 24 hours. It warned of heavy rainfall at isolated places in the state of Kerala and coastal Karnataka region in next three days. In Gujarat, the 13 coastal districts of South Gujarat, Saurashtra peninsula and Kutch have been put on alert. "We are fully prepared to deal with any situation," Kamal Dayani, additional chief secretary in the state revenue department, told Reuters. Teams from the National Disaster Response Force and State Disaster Response Force have been deployed in the districts likely to be affected by the storm.
Persons: Biparjoy, Kamal Dayani, Manoj Kumar, Mike Harrison Organizations: Authorities, Cyclone, Indian Meteorological Department, IMD, Reuters, Force, Thomson Locations: AHMEDABAD, India, DELHI, Gujarat, Maharashtra, Goa, Kutch, Mumbai, Kerala, Karnataka, South Gujarat, Saurashtra
"All the water is sent to Mumbai, we are left with nothing," said Ashok Shinde, whose village is home to about 700 people rearing poultry and livestock. The Vaitarna dam, which supplies water to Mumbai, is just 50 km (31 miles) from Telamwadi, but is not linked to it. [1/5] Women walk back home balancing pots of water on their head as other women walk towards a well to fill their pots in Telamwadi, near Mumbai, India, May 17, 2023. "Until the permanent solution is in place, we are providing water tankers to ensure residents do not face issues," state water supply officials told Reuters. One of the women usually makes the precarious journey, relying on numerous cracks in the walls to provide support.
IN CONSTRUCTIONThe new proposals make clear that whatever coal capacity is already under construction in India will proceed. A total of 32,000 megawatts of new coal power is currently being built in India, according to the Global Energy Monitor (GEM). India coal capacity under constructionOnce completed, that would boost current operating capacity by close to 14%, and lift total Indian coal capacity to beyond 266,000 MW, GEM data shows. Alongside the widespread swell in coal capacity is even faster growth in renewables energy supply capacity across India. Proponents of immediate cuts to coal power use may be disappointed that several new coal projects will still emerge.
Indian shares set to open higher as strong earnings lift mood
  + stars: | 2023-04-24 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, April 24 (Reuters) - Indian shares were set to open higher on Monday as improved quarterly results from heavyweights Reliance Industries Ltd (RELI.NS) and ICICI Bank Ltd(ICBK.NS) eased some concerns over a lacklustre start to the earnings season. India's most valuable company, Reliance Industries reported 19% growth in fourth-quarter profit, aided by the strong performance in oil-to-chemicals (O2C) segment, post market hours on Friday. Private lender ICICI Bank posted a 30% jump in net profit in the March quarter, helped by improved net interest income and loan growth. The strong earnings of the two companies, which account for nearly 20% of the total weightage in Nifty 50, could improve the sentiment soured by the weak earnings and outlook of top information technology companies, analysts added. Stocks to Watch:** Yes Bank Ltd (YESB.NS): Lender's net profit slumps 45% in the March quarter on higher provisions.
In Southeast Asia, some countries posted their highest ever recorded temperatures this week, while searing heat in the Indian subcontinent has killed more than a dozen people. Neighboring Myanmar set an April temperature record on Monday as Kalewa, in central Sagaing region, reached 44°C (111°F), Herrera tweeted. April and May are typically the hottest months of the year for South and Southeast Asia as temperatures rise before monsoon rains begin and bring some relief. On Monday, more than 100 weather stations in 12 provinces broke their April temperature record, according to climatologist Jim Yang. Extremely hot temperatures across South and Southeast Asia are expected to continue.
MUMBAI, April 17 (Reuters) - At least eleven people died on Sunday after suffering from sunstroke at an event attended by India's home minister on the outskirts of Mumbai, the chief minister of Maharashtra state said. Hundreds of thousands of people attended an award function on Sunday afternoon where federal home minister Amit Shah presented an award to a well-known social activist, on the outskirts of the country's financial capital of Mumbai in Maharashtra. Around 50 people were admitted to hospital after the event and 11 had died, Maharashtra's chief minister, Eknath Shinde, told reporters late on Sunday night. India is likely to experience heat waves between March and May, the weather office said in February this year. Reporting by Shilpa Jamkhandikar and Rajendra Jadhav in Mumbai; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
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