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India busts firm faking expiry dates, nutrition labels on PepsiCo, Nestle food exports

MUMBAI, Sept 1 (Reuters) – Indian authorities have raided an illegal operation in Mumbai that faked expiry dates and nutritional ​information on original food products manufactured by PepsiCo (PEP.O), Nestle (NESN.S), Coca-Cola (KO.N) and Unilever (ULVR.L) so they could be exported to other countries. Reuters got exclusive access to the warehouse last ‌week as food officers conducted a six-day investigation and seized goods worth nearly $80,000. A photographer saw chemicals used to remove manufacturers’ original expiry dates and ingredient labels, machines to print and apply replacements and scores of label packs for products including Lay’s potato chips and Maggi noodles. India’s Maharashtra state, where Mumbai is

Nepal flood death toll crosses 1,000, rescuers reach remote areas

Nepal flood death toll crosses 1,000, rescuers reach remote areas

KATHMANDU/BEIJING, Sept 1 (Reuters) – The Nepal flood death toll from Nepal’s devastating floods surpassed 1,000 on Tuesday as rescuers deployed heavy machinery, helicopters ‌and excavators to reach thousands still missing nearly a week after the Himalayan disaster tore through towns and valleys. Specialised rescue teams from China, India and Nepal built temporary bridges to reach remote areas and dug through the ruins of hydropower projects, using excavators to try to rescue nearly 300 workers trapped inside tunnels. A glacier collapse on August 26 sent a deluge of ice, rock and mud sweeping through the impoverished ​nation’s border region with China. At

RBI back to rupee’s rescue to counter oil, Fed headwinds; steps into swaps too

RBI back to rupee’s rescue to counter oil, Fed headwinds; steps into swaps too

Mumbai, Aug 31 (Reuters) – India’s central bank stepped in again to support the rupee on Monday, after ​a surge in oil prices and rising expectations of a U.S. interest-rate ‌hike combined to pressure the currency. The rupee was quoting at 95.44 to the dollar at 11:49 a.m. IST, down less than 0.1% from Friday. The currency opened weaker at ​95.49 and had briefly fallen to 95.60 on the interbank order-matching ​system before the regular market session began. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.

China’s Xi likely to visit India with big delegation for first time in seven years

China’s Xi likely to visit India with big delegation for first time in seven years

NEW DELHI, Aug 24 (Reuters) – Chinese ​President Xi Jinping is likely to attend next month’s BRICS summit in New Delhi with a ‌large delegation, three sources said, in what would be his first visit in seven years and a fresh sign of a thaw between the rivals. India is hosting the September 12 to 13 summit, where Xi’s presence would be watched less for the BRICS ​agenda than for what it signals about Beijing and New Delhi’s efforts to stabilise relations after deadly ​border clashes in 2020. “Chinese officials are busy finalising hotels and security protocols,” one of the

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