Monsoon rainfall in India, the main source of irrigation for the nation’s 263 million farmers, will be below normal this year as El Nino emerges, weakening prospects for crops from rice to soybeans and sugar and potentially boosting inflation.
Tanda Srinivas was lounging in the yard of his two-room house in the southern Indian village of Mondrai shortly after noon on Oct. 28 when his wife, Shobha, burst out of the door covered in flames and screaming for help.
Sun Pharmaceutical Industries Ltd. gained the most in a month as an Indian court removed the stay on its $3.2 billion purchase of Ranbaxy Laboratories Ltd. after putting it on hold to study a petition alleging insider trading.
India’s lower house moved to create a new state in the south to resolve a 50-year dispute, risking unrest where Google Inc. and Microsoft Corp. have their offices as the ruling Congress Party seeks votes before elections.
Amway Corp.’s Indian unit chief executive William Pinckney had a bail application rejected after he was arrested for the second time in a year on charges of violating laws protecting consumers from investment fraud and ponzi schemes.
India’s Andhra Pradesh state introduced its first solar-energy policy, offering tax benefits to projects and exemptions from power-transmission fees as the local government seeks investment to curb electricity shortages.