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India's Tata Steel takes $1.6-bln writedown over Europe

India's Tata Steel, one of the world's biggest steelmakers, announced a $1.6-billion asset writedown Monday, blaming slumping demand in its main European market. The company, which had sales of $26 billion in the 2012 financial year, said the writedown was due to "weak economic and market conditions" in Europe that it forecast would continue "over the near- and medium-term". Tata Steel, which bought Anglo-Dutch steel giant Corus for $13.7 billion in 2007, has been struggling to improve its European unit's performance in the face of the eurozone debt crisis.

Thirty-three die as bus falls into Indian river

At least 33 people died Wednesday when an overcrowded bus skidded off the road into a fast-flowing river in northern India, police said. "So far, 33 bodies have been retrieved from the river and 14 other people are injured and have been rushed to hospital," local police chief R.S. Negi told AFP from the crash site in Hamachal Pradesh state. The accident occurred near the popular summer resort of Kullu, 250 kilometres (155 miles) from Himachal Pradesh state capital Shimla.

Panel urges US to refuse Gujarat leader

A panel on Tuesday urged the United States to maintain a ban on a visa to the leader of the Indian state of Gujarat over anti-Muslim riots, even though he is a favorite to run for prime minister. In a wide-ranging annual report, the US Commission on International Religious Freedom said that Gujarat's Chief Minister Narendra Modi should be "inadmissible to the United States" due to "severe violations of religious freedom."

Four-year-old Indian girl dies after rape attack

A four-year-old Indian girl has died in hospital nearly two weeks after she was raped and found unconscious at a farm, hospital staff and reports said on Tuesday. The girl had been taken by air ambulance from central Madhya Pradesh state to the Care Hospital in Nagpur city on April 20, where she died on Monday night, a spokesman said. "She died from a cardiac arrest at 7:45 pm on Monday. We were taking all measures... but yesterday her condition got bad and her blood pressure went down. She was not reacting to medications," P.A. Sriram at the hospital told AFP.

Pony-tail stuntman dies on a zip-line in India

A daredevil Indian who held the Guinness World Record for the distance travelled on a zip-line while hanging by his hair has died while performing a new stunt, officials said Monday. Sailendra Nath Roy, a 49-year-old police driver, was attempting to cross the turbulent River Teesta on Sunday in the state of West Bengal on a 180-metre (594-foot) wire above the water.

Stunt kills man with record for zip-lining by his hair

A daredevil Indian who held the Guinness World Record for covering the longest distance on a zip-line while hanging by his hair has died while performing a stunt, officials said Monday. Sailendra Nath Roy, a 49-year-old police officer, was attempting to cross the turbulent River Teesta on Sunday in the state of West Bengal on a 180-metre (594-foot) wire above the water.

Scrapyard blast near Taj Mahal kills two

An explosion in a scrapyard near the world-famous Taj Mahal in the northern India city of Agra killed two men and injured a woman, police said Thursday. The blast occurred four kilometres (two miles) from the white marble mausoleum, known as the "monument of love", as scrapyard workers attempted to separate explosives from metal scrap that had been bought from the army. "It was an accident but we will request the army to inspect the scrap before they sell it to the dealers," senior police officer S.C. Dubey said, adding that there was no damage to the Taj Mahal.

China denies its troops crossed into India

China dismissed as "speculation" on Monday complaints in New Delhi that its troops had crossed into Indian territory and set up a camp in a remote disputed area of the Himalayas. The Indian government claimed at the weekend that soldiers from the People's Liberation Army (PLA) entered the northeast of Ladakh and erected a camp on the night of April 15. The de facto border separating China and India is known as the Line of Actual Control (LAC). While it has never been formally demarcated, the countries signed two accords to maintain peace in frontier areas in 1993 and 1996.

ArcelorMittal CEO says high labour, energy costs hurt France

PARIS (Reuters) - ArcelorMittal CEO Lakshmi Mittal said on Saturday he regretted that the steel giant was having to permanently close two French blast furnaces but high labour and energy costs kept France at a competitive disadvantage. Mittal, who has drawn fury in France over the closure of the decades-old furnaces, said ArcelorMittal <ISPA.AS> had every intention of remaining in the country for the long term, but its export potential was limited by constraints on competitiveness.

5-year-old Delhi rape victim stable and alert

A five-year-old Indian girl who was abducted, repeatedly raped and tortured in New Delhi was on Saturday alert and in a stable condition but may need surgery, her doctors said. The girl was being treated at the state-run All India Institute of Medical Sciences for serious internal injuries sustained during the ordeal. A 22-year-old man was arrested earlier Saturday on suspicion of carrying out the 40-hour attack, police said, after he had fled to his in-law's home in eastern India.
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