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☆ 'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'
▼ + stars: | 2024-05-03 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat" and failing to take its share of responsibility for missing the trades. A SocGen spokesperson declined to comment on the post, but provided a statement on the pair's dismissal. Kataria said the trades were auto-booked and a "daily email was sent to the entire group mentioning the trades have been reconciled." "It's very easy for other people to say that we were not aware of the trades done by me," he wrote. "Trading Industry is so big but there are no rules or regulations which fight for trader justice," he said.

Persons: Kavish Kataria, Kataria, SocGen, Kevin Ng, Jerome Kerviel Organizations: Societe Generale, Hong, Financial Times, LinkedIn Locations: Hong Kong, Paris

☆ Sikh group protests outside Golden Temple over killing in Canada
▼ + stars: | 2023-09-29 | by ( Manoj Kumar | ) www.reuters.com time to read: +3 min

[1/3] A sign outside the Guru Nanak Sikh Gurdwara temple is seen after the killing on its grounds in June 2023 of Sikh leader Hardeep Singh Nijjar, in Surrey, British Columbia, Canada September 18, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNEW DELHI, Sept 29 (Reuters) - Hundreds of Sikh activists on Friday staged a demonstration outside the Golden Temple in Amritsar, in the northern Indian state of Punjab, demanding punishment for the killers of a Sikh separatist in Canada. Earlier this month, Canadian Prime Minister Justin Trudeau told parliament that there may be a link between New Delhi and the murder of Hardeep Singh Nijjar in June in British Columbia. Holding posters of Nijjar, the protesters outside the holiest of Sikh shrines shouted slogans asking New Delhi to stop extrajudicial operations against separatists seeking Punjab as an independent state. Nijjar, who worked as a plumber, left the north Indian state of Punjab a quarter-century ago and became a Canadian citizen.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Paramjit Singh Mand, Dal, Kanwar Pal, Sunil Kataria, Mayank Bhardwaj, Alison Williams Organizations: REUTERS, Canadian, Dal Khalsa, Thomson Locations: Surrey, British Columbia, Canada, DELHI, Golden, Amritsar, Punjab, New Delhi, India, Canadian, Sikh

Total demand met hit a record 140 billion kilowatt-hours (kWh) in June, up from 134 billion kWh in June 2022. Chartbook: India's electricity systemGrid controllers have been able to call on much more generation from renewable sources and improved availability of fossil-fuel units. Generation from wind farms increased by 1.5 billion kWh (+16%) while solar output was up by 1.1 billion kWh (+14%) compared with the same month in 2022. Other generation, mostly from coal-fired units, also increased by 3.3 billion kWh (+3%) owing to improved fuel availability. Related columns:- India to extend time-of-use electricity tariffs (June 27, 2023)- India’s electricity supply improves in cooler pre-monsoon (May 26, 2023)- India’s grid strained by burgeoning power demand (March 29, 2023)- India’s low coal stocks threaten electricity supply (January 27, 2023)John Kemp is a Reuters market analyst.

Persons: India's, Sunil Kataria, John Kemp, Susan Fenton Organizations: REUTERS, Grid Controller, Thomson, Reuters Locations: Modhera, Gujarat, India

☆ Prayers, parties, student shows planned in India for moon landing
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

[1/3] Arun Haryani, an enthusiast with his body painted in tri-colours reacts as he holds up a model of LVM3 M4 which was used in launching of Chandrayaan-3 spacecraft on the eve of its moon landing, in Ahmedabad, India. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Aug 22 (Reuters) - Excitement rose in India on Tuesday on the eve of a much-anticipated moon landing, with prayers held for its success, schools marshalling students to watch a live telecast of the event and space enthusiasts organising parties to celebrate. India's second attempt to land on the moon after a failure in 2019 is being seen as a display of the tenacity of its scientific institutions. Authorities and educators also hope it will encourage scientific inquiry among millions of students in the world's most populous country. Students have sent scores of messages wishing ISRO luck for a successful landing, the agency said.

Persons: Arun Haryani, Amit Dave, Narendra Modi, Narottam Sahoo, Srikant, Nivedita, Saurabh Sharma, Nag Choudhury, Sumit Khanna, Sunil Kataria, Krishn Kaushik, YP Rajesh, Raju Gopalakrishnan Organizations: REUTERS, DELHI, Indian Space Research, ISRO, Reuters, Operations, YP, Thomson Locations: Ahmedabad, India, Russian, Uttar Pradesh, Gujarat, Kolkata, Mumbai, Varanasi, Bengaluru, Lucknow, New Delhi

REUTERS/Adnan Abidi/file photoMOIRANG/CHURACHANDPUR, India, Aug 8 (Reuters) - In the sectarian violence that has ravaged India's Manipur state, women have been victims of brutal attacks. Kukis say a loosely formed group of Meitei women, known as Meira Paibis, or Women Torchbearers, is responsible for instigating some of the rapes of women of the minority community. India's Supreme Court announced this week that it will monitor investigations into cases of sexual violence in the state. "Meira Paibis does not differentiate between Kuki or Meitei," she said, speaking alongside a group of other Meitei women. WORSE THAN ANARCHYThe women said they had heard of nine Meitei women being raped, but they had no evidence and were not directly aware of any incidents.

Persons: Adnan Abidi, Praveen Donthi, Narendra Modi's, Rajiv Singh, Paibis, Moirangthen Thoibi Devi, Ngainekim, Mukul Kesavan, ”, Thoibi Devi, Meira Paibis, Vak, Krishn Kaushik, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Crisis, Security, Police, Kuki Women Organisation, Human Rights, Assam Rifles, Thomson Locations: Kangvai, Churachandpur district, Manipur, India, CHURACHANDPUR, Myanmar, Imphal, Moirang, East Imphal, Kuki

☆ Maruti Suzuki goes upmarket in India with new seven seater
▼ + stars: | 2023-07-05 | by ( Aditi Shah | ) www.reuters.com time to read: +3 min

[1/3] Hisashi Takeuchi, MD & CEO of Maruti Suzuki India Ltd. and Shashank Srivastava, Senior Executive Officer, Marketing and Sales of Maruti Suzuki India Ltd., pose after the launch of multi-purpose vehicle Invicto in Gurugram, India, July 5, 2023. REUTERS/Sunil KatariaNEW DELHI, July 5 (Reuters) - Maruti Suzuki, India's biggest automaker, is looking to break into the premium car segment with its new seven seater, as a growing number of buyers opt for bigger, feature-packed cars. Maruti, known for small and compact cars that are mostly priced below 1 million rupees ($12,000), on Wednesday launched the Invicto seven seater with a hybrid powertrain starting from around 2.5 million rupees ($30,000). Maruti, majority owned by Japan's Suzuki Motor (7269.T), made its name as a mass market car brand offering affordable prices and low maintenance costs. When it comes to premium cars, or those typically priced above 2 million rupees, buyers tend to turn to the likes of Toyota Motor (7203.T) or Volkswagen (VOWG_p.DE), say analysts.

Persons: Hisashi Takeuchi, Shashank Srivastava, Sunil Kataria, Maruti Suzuki, Takeuchi, Japan's Suzuki, Srivastava, Aditi Shah, Mark Potter Organizations: Maruti Suzuki India Ltd, REUTERS, Maruti, India's, Wednesday, Japan's, Toyota Motor, Volkswagen, Thomson Locations: Gurugram, India, DELHI

☆ Indian police retain carrier pigeons as backstop against disasters
▼ + stars: | 2023-06-20 | by ( Sunil Kataria | ) www.reuters.com time to read: +2 min

Dating from the days of British colonial rule when police stations used the birds to communicate with each other, the state's carrier pigeon service employs more than 100 Belgian Homer pigeons. The pigeons usually carry messages written on lightweight onion paper, inserted into a capsule and then tied to a leg. As they get older, the pigeons are taken some distance away to be freed and fly back to the shelter by instinct. Carrier pigeons took news of the conquest of Gaul to Rome, brought to England the news of Napoleon’s defeat at Waterloo, and were widely used to carry messages during the two world wars. "Even in the unlikely event that every mode of communication breaks down tomorrow, the pigeons will never fail," he said.

Persons: Sunil Kataria, Belgian Homer, Satish Kumar Gajbhiye, Parshuram Nanda, Nanda, Gajbhiye, Anil Dhir, Sakshi Dayal, Clarence Fernandez Organizations: REUTERS, Police, Waterloo, Independence, Thomson Locations: Belgian, Cuttack, Odisha, India, Sunil Kataria CUTTACK, Gaul, Rome, England

VARANASI, India, April 26 (Reuters) - Murali Mohan Sastry is waiting peacefully for death on the banks of the Ganges River in India's northern city of Varanasi, revered by millions of Hindus. More than a decade ago, the 82-year-old former college teacher and his wife left behind comfortable lives in the southern city of Hyderabad. Now he hopes that by dying in Varanasi, he can break the tenuous cycle of death and rebirth, an article of faith for many Hindus, in order to attain salvation. "We invite death," Sastry said soon after chanting his dawn prayers while dipping fully clothed into the waters of the river three times. Still, the devout unable to breathe their last in the holy city can take solace from the Hindu belief that will come a step closer to salvation if their remains are cremated there.

All agreed there was a marked increase in awareness among Indian Muslims about birth control and family planning. The 2021 census has been delayed but the United Nations has projected India's population will touch 1.42 billion this month. "There is a misconception among Muslims that Islam doesn’t allow the use of birth control measures," said Maulana Khalid Rasheed, the imam of the Lucknow Eidgah in Uttar Pradesh, India's most populous state. [1/5] FILE PHOTO-Members of a Muslim family sit down for a meal in an old quarter of Delhi, India March 3, 2023. Experts say the public health system is now unable to keep up with the demand for birth control services from people who are aware about their usefulness, also called an unmet need.

☆ UK foreign minister raises BBC tax searches, India says laws are for all
▼ + stars: | 2023-03-01 | by ( Krishn Kaushik | ) www.reuters.com time to read: +3 min

[1/3] British Foreign Secretary James Cleverly gestures during an interview with Reuters after a bilateral meeting with India's Foreign Minister Subrahmanyam Jaishankar on the sidelines of G20 foreign ministers' meeting in New Delhi, India, March 1, 2023. REUTERS/Sunil KatariaNEW DELHI, March 1 (Reuters) - British Foreign Minister James Cleverly raised the issue of tax searches at the BBC's offices in India during a meeting with his counterpart in New Delhi on Wednesday, the minister told Reuters. In response, Cleverly was "firmly told that all entities operating in India must comply fully with relevant laws and regulations", an Indian government source said. Cleverly did not share details about the conversation with India's Foreign Minister Subrahmanyam Jaishankar ahead of a G20 foreign ministers' meeting on Thursday. Asked if there were concerns about civil liberties in India, Cleverly said: "We want to ensure that values that both our countries feel strongly about are upheld.

☆ Make it easier to raise children, say many Chinese after population falls
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +4 min

"Our parents think if they have more children, they can get more care when they grow old. They think raising one child is already very tiring." China is one of the most expensive places to raise a child, beaten only by South Korea, according to the Beijing-based YuWa Population Research. In Australia it was 2.08 times, 2.24 times in France, 2.91 times in Sweden, 3.64 times in Germany, and 4.11 times in the US. By comparison, north Asian countries were the costliest, with Japan 4.26 times, China 6.9 times and South Korea 7.79 times.

☆ India boosts facilities at Delhi airport to ease year-end travel congestion
▼ + stars: | 2022-12-15 | by ( Tanvi Mehta | ) www.reuters.com time to read: +2 min

Passengers queued for hours to pass through check-in and security at the main domestic and international terminal of Indira Gandhi International Airport in Delhi, leading to some flight delays. "In the last 24 to 36 hours, all agencies have swung into action to mitigate congestion at every checkpoint at all major airports. Congestion at entry points and check-in counters at T3 has eased," Scindia said in a post on LinkedIn. Like in other countries, air travel in India has picked up as COVID-19 restrictions have eased. The congestion at Delhi airport prompted India's biggest airline IndiGo (INGL.NS) to ask passengers to arrive at Delhi airport for check-in at least 3-1/2 hours before their flight, instead of the usual two hours.

☆ India's first fully solar village lights up the lives of poor residents
▼ + stars: | 2022-11-01 | by ( Sunil Kataria | ) www.reuters.com time to read: +3 min

[1/3] Solar panels are installed on the rooftops of residential houses in Modhera, India's first round-the-clock solar-powered village, in the western state of Gujarat, India, October 19, 2022. Now, however, his machine moves on solar power as earlier this month Prajapati's village of around 6,500 residents, consisting mainly of potters, tailors, farmers and shoemakers, was declared India's first village to run entirely on solar energy all the time. The government buys excess energy produced here from residents if they do not use all of the capacity allotted to the households. For Reena Ben, 36, a housewife, who also works as a tailor part time, the solar power has hugely aided her work. "When we got access to solar power, I bought an electric motor worth 2,000 rupees ($24) to attach to the sewing machine.

☆ In Indian village, residents take to YouTube to fulfil their Bollywood dreams
▼ + stars: | 2022-10-21 | by ( Sunil Kataria | ) www.reuters.com time to read: +2 min

TULSI, India Oct 21 (Reuters) - A man sporting a black cap and pink T-shirt sits on a bullock cart, pile of grass behind him, and busts a rhyme to a camera while riding across the dusty streets of India's Tulsi village. The hip-hop video is just one of many home-grown, Bollywood-inspired productions being created for the village's flagship YouTube channel, which boasts nearly 120,000 subscribers and has more than 200 uploaded videos. They now produce two to three videos a month, from slapstick comedy and action dramas to educational shorts and music videos. But for some, the channel is an opportunity to dream big -- well beyond the confines of the small village. "We want the entire world to know us, not just India," said Verma, 30.

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