Companies

Larsen & Toubro posts smaller-than-expected profit as India investments slow

MUMBAI (NewsRise) -- Larsen & Toubro, India's largest engineering and construction company, posted a weaker-than-expected first-quarter profit, as infrastructure investments slowed in Asia's third-largest economy.L&T's profit rose 46% to 6.10 billion...

  • Vedanta profit slumps 27% as metal prices plummet

    MUMBAI (NewsRise) -- Indian mining and energy group Vedanta posted a 27% drop in fourth-quarter profit after metal prices slumped, but the numbers beat analysts' expectations as the company expanded output of aluminum, power and iron ore.Vedanta, con...

  • Public Bank's net interest margin faces squeeze on policy rate cut

    KUALA LUMPUR (NewsRise) -- Public Bank, Malaysia's third-largest lender by assets, could face further squeeze on its lending margin in the next two quarters as banks in Southeast Asia's third-largest economy grapple with a recent surprise policy rate...

  • Vanilla Air to offer Tokyoites budget option to Ho Chi Minh

    TOKYO -- Japanese budget airline Vanilla Air in September will launch a new route allowing travelers from Japan to fly to Ho Chi Minh City -- via Taipei.The airline, a unit of ANA Holdings, will be Japan's first low-cost carrier to gain so-called "be...

  • Lone wolf robot giant Fanuc seeks friends to get ahead

    TOKYO -- Fanuc, the highly profitable Japanese industrial robot maker, has long been something of a maverick, but as the world increasingly becomes connected online, the company is opening up as it seeks allies in adapting to new technologies. On Thu...

  • Deal to put Japan's Alsok in top tier of Vietnam's security sector

    TOKYO -- Alsok is set to become a top-tier player in Vietnam's security industry in September, when it is to acquire a stake in the country's No. 4 player, company sources said.The Japanese security provider, whose official name is Sohgo Security Ser...

  • Muji's next bet is Southeast Asia, India with stores offering more than shopping

    SINGAPORE -- Japan's Ryohin Keikaku, operator of lifestyle retail store Muji, plans to introduce more in-store services and new concept stores in Southeast Asia, as consumers in the region gain more spending power and their spending habits become inc...

  • Baidu revenue growth hits skids with stricter ad rules

    TOKYO -- China's online search giant has announced that its revenue for the current quarter could see the first halt in its revenue growth in the company's 16-year history.

  • Lens supplier Largan seeks someone to lean on besides Apple

    TAIPEI -- Largan Precision, a Taiwanese manufacturer of optical lenses, has spent the past three decades honing its technology, steeling itself against price competition and widening its profit margins. Its focus on quality has paid off in the form o...

  • Line seeks fresh tie-up ideas to expand its domain

    TOKYO -- Earlier this month, several days before chat app Line listed on the Tokyo and New York stock exchanges, an event in Akihabara, an important center for Tokyo subculture, attracted many Line users.The Line Creators Festa highlighted activities...

  • End of the line for Boeing's iconic 747?

    TOKYO -- Boeing said on Wednesday that it is weighing a decision to end production of the 747 jetliner.The U.S. aircraft-maker is responding to a trend in the industry away from large jets like the 747 toward small and midsize planes that are more fu...

  • Luxury lines help LG, Samsung rebound

    SEOUL -- Premium appliance offerings have sent South Korean electronics makers' once-sagging earnings soaring, and giving these brands stability as lower-cost rivals muscle into the home electronics market.

  • Docomo mulls suing Tata in US over unpaid damages

    TOKYO -- NTT Docomo plans to sue the Tata group in the U.S. as early as August to seize assets of the Indian conglomerate, weeks after a London arbitration court ordered the holding company to pay the Japanese mobile carrier some $1.17 billion in dam...

  • Fukushima fuel find is step down long road to decommissioning

    TOKYO -- By pinning down the location of melted fuel at the Fukushima Daiichi nuclear power plant, Tokyo Electric Power Co. Holdings has made modest but valuable progress on the toughest part of the decommissioning process.The biggest hurdle to clear...

  • Chubu Electric to apply AI in managing power supply

    NAGOYA -- Chubu Electric Power seeks to infuse artificial intelligence into its electricity supply and distribution systems, with an eye toward cutting costs by improving transmission efficiency and saving fuel.The hope is that AI will help predict d...

  • Sony pulls plug on pioneering battery business, eyes Murata deal

    TOKYO -- Sony has agreed to sell its battery business to Murata Manufacturing, as the electronics giant parts ways with a once-breakthrough lithium-ion operation that has failed to recover from a litany of setbacks.Murata will take control of five pr...

  • Melted fuel remains inside Fukushima reactor: Tepco

    TOKYO -- Using imaging technology, the government and Tokyo Electric Power Co. Holdings were able to see for the first time what is believed to be melted fuel inside a reactor at the Fukushima Daiichi nuclear power plant.Fuel is likely at the bottom ...

  • Japan's Marubeni buying into Portuguese gas supplier

    TOKYO -- Marubeni will gain a minority stake in a Portuguese natural gas distributor, marking the Japanese trading house's first move into this business in Europe.Marubeni and other investors will form a special-purpose company that will buy a 20%-pl...

  • Taiheiyo Cement to get into biomass energy in Japan

    TOKYO -- Taiheiyo Cement aims to open a biomass power plant in northeastern Japan in 2019, using palm waste as a cost-efficient fuel.The company will spend 23.5 billion yen ($224 million) to set up the facility at a cement production site in Ofunato,...

  • Sumitomo Forestry buying Aussie homebuilder Wisdom

    TOKYO -- Sumitomo Forestry will acquire a 51% stake in an Australian homebuilder, the Wisdom group, as early as Friday for the estimated equivalent of tens of millions of dollars.This marks the second Australian acquisition by the Tokyo-based company...