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Govt likely to offer assured base pensions in compromise with states

The current National Pension Scheme requires employees to contribute 10% of their basic salary and the government 14%

Record plane orders raise stakes in India's aviation boom: Report

Indian budget airline IndiGo announced at the Paris Airshow on Monday the biggest ever plane order by number of aircraft with a deal for 500 Airbus narrowbody jets

Rupee ends higher on dollar inflows; Fed's testimony to lawmakers in focus

Foreign investors have poured about $1.8 billion into Indian equities this month, having bought shares worth $5.1 billion in May

Income tax dept raids five Shree Cement locations in Rajasthan: Report

The Kolkata-headquartered cement firm and IT department did not immediately respond to Reuters' requests for comment

Dollar firm ahead of Powell testimony, sterling falls after inflation data

The dollar rose 0.5% against the Japanese yen to 142.15 per dollar after Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank would maintain its ultra-loose monetary policy

Domestic carrier Akasa Air places order for four Boeing 737 Max jets

Akasa Air CEO Vinay Dube told Reuters earlier this year that it would place a "substantially" large order for new narrowbody jets this year

FPIs extend buying streak in Indian equities in June, shows NSDL data

Concerns over China's economic recovery have also aided flows into India, said Sameer Kaul, MD and CEO at TrustPlutus Wealth (India) Pvt

Unlike Netflix, India's ZEE5 Global not balking at password sharing

For ZEE5, which is looking to win new subscribers abroad, password sharing presents an opportunity

Oil rises as hawkish Fed talk expectations offset China demand worries

The congressional testimony by Powell later on Wednesday is expected to provide clues on future rate moves in the world's biggest economy

Monitoring regulatory developments against Zee founder, CEO: Sony

Sony Pictures Entertainment on Wednesday said it took the India markets regulator's order banning Zee Entertainment founder and chief executive officer from holding board positions seriously

Climate-focused VC firm Avaana Capital raises $70 mn in first funding round

This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund

SpiceJet settles liabilities dispute on unpaid dues with lessor NAC

The airline, which currently operates five Bombardier Q400 aircraft from NAC in its fleet, said the agreement settles all past liabilities for the Q400s

Tesla looking at investment in India, says Elon Musk after meeting Modi

India has strong potential for a sustainable energy future including solar power, stationary battery packs and electric vehicles, Musk said

The world's largest commercial jet purchase orders by number of aircraft

American Airlines in 2011 placed orders with Airbus and Boeing for a total of 460 airliners

Record plane orders by Air India, IndiGo raise stakes in aviation boom

With a total of almost 1,000 jet orders between them, IndiGo and Air India are betting an economic boom and growing middle class will spur demand for domestic air travel

Gambia tightens rules for Indian drugs after cough syrup deaths: Report

The new rule highlights how governments are reassessing their reliance on India's $42 billion pharmaceutical industry since the contamination came to light last year

Indian drugmaker denies toxicity in paracetamol syrup exported to Liberia

Nigeria's National Agency for Food and Drugs Administration and Control said that samples of the Indian-made paracetamol suspension, Para Clear, exported to Liberia contained toxin ethylene glycol

India approves wheat, broken rice exports requests from 4 countries

India has decided to approve wheat and broken rice exports to few selected countries following their requests to allow the shipments of the grains, the government said

KKR to buy up to $44 bln of PayPal's 'buy now-pay later' loans in Europe

Private equity firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of payments company PayPal's buy now, pay later (BNPL) loans in Europe

India clears $2.7 bn Micron chip testing plant ahead of PM Modi's US visit

Micron's plant is set to be built in Modi's home state of Gujarat and the government will dole out production-linked incentives worth 110 billion rupees, said official