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  • Zee Entertainment profit misses estimates as India ad spending slows

    MUMBAI (NewsRise) -- Zee Entertainment Enterprises, India's largest listed media company, reported a weaker-than-expected first-quarter profit, weighed by declining subscription revenue and a slowdown in advertising spending in Asia's third-largest

    July 24, 2017 10:19 pm JST
  • HDFC Bank, Reliance Industries lead Indian shares to record

    MUMBAI (NewsRise) -- Indian shares rose to a record on Monday, driven by gains in HDFC Bank following the lender's first-quarter earnings, while Reliance Industries extended gains on optimism over it wireless unit's launch of a low-cost 4G-enabled p

    July 24, 2017 09:27 pm JST
  • India's Reliance Jio announces 'effectively' free 4G feature phones

    MUMBAI -- After upsetting the broadband market in India by offering ultra-cheap data tariffs, India's richest man Mukesh Ambani is now aiming to disrupt services further with the introduction of fourth-generation network-enabled feature phones -- th

    July 22, 2017 12:52 am JST
  • Reliance Industries' earnings, new phone launch lead Indian shares higher

    MUMBAI (NewsRise) -- Indian shares ended higher on Friday, driven by gains in Reliance Industries as the company reported upbeat first-quarter earnings and unveiled plans by its wireless unit to offer a low-cost 4G-enabled phone.The benchmark BSE Se

    July 21, 2017 09:43 pm JST
  • Wipro to buy back $1.7 billion worth stocks, profit beats estimates

    MUMBAI (NewsRise) -- Wipro, India's third-largest software exporter, Thursday said it will buy back shares worth up to 110 billion rupees ($1.71 billion), becoming the latest outsourcing company rushing to reward investors.Wipro's board has approved

    July 20, 2017 09:54 pm JST
  • India stocks edge lower as earnings disappoint investors

    MUMBAI (NewsRise) -- Indian shares ended a choppy session slightly lower, lagging behind the rest of Asia, as investors stayed cautious amid a slew of weak corporate earnings.The benchmark BSE Sensex declined 0.2%, or 50.95 points, to end trading at

    July 20, 2017 09:08 pm JST
  • Tata Motors to launch small SUV for India festival season

    NEW DELHI (NewsRise) -- Tata Motors Ltd. will start selling a new compact sport-utility vehicle in the next couple of months, coinciding with India's festival season, as it seeks to accelerate sales by tapping the growing demand for SUVs in the coun

    July 20, 2017 06:12 pm JST
  • India shares post gains as drug makers, ITC advance

    MUMBAI (NewsRise) -- Indian shares rose Wednesday, helped by gains in pharmaceutical stocks and a rebound in ITC from a slump triggered by higher taxes on cigarettes.The benchmark BSE Sensex added 0.8%, or 244.36 points, to 31,955.35 points, while t

    July 19, 2017 09:38 pm JST
  • India struggles with teething problems post-tax rollout

    NEW DELHI -- Still grappling with the confusion over the new goods and services tax introduced two weeks ago, India has launched training centers to create a pool of tax professionals who can advise small businesses."I don't really know much about G

    July 19, 2017 02:39 am JST
  • ITC drags Indian shares down after government boosts cigarette tax

    MUMBAI (NewsRise) -- Indian shares fell from record highs, dragged down by steep losses in index heavyweight ITC after the government increased taxes on cigarettes as part of the new Goods and Services Tax.The benchmark BSE Sensex lost 1.1%, or 363.

    July 18, 2017 09:30 pm JST
  • Hindustan Unilever profit beats expectations on cost cuts, higher sales

    MUMBAI (NewsRise) -- Hindustan Unilever, India's biggest consumer goods maker, Tuesday reported a better-than-expected 9.3% increase in first-quarter profit, helped by cost controls and a surge in sales.For the three-months ended June 30, the Indian

    July 18, 2017 09:04 pm JST
  • Infosys, Wipro lead India shares to record highs

    MUMBAI (NewsRise) -- Indian shares rose to a record, helped by software exporters Wipro and Infosys, as weaker-than-expected U.S. inflation data tempered expectations of a quick monetary tightening in the world's largest economy, spurring demand for

    July 17, 2017 09:40 pm JST
  • Tata Motors' truck business facing 'crisis situation,' chief says

    MUMBAI (NewsRise) - The head of Tata Motors, India's biggest truck maker, appealed to employees to shore up their performance as the company is facing a "crisis situation" amid rising competition from the local units of Volvo and Daimler.In a letter

    July 17, 2017 09:20 pm JST
  • Chinese, South Korean, Indian apparel makers landing in Ethiopia

    ADDIS ABABA -- Ethiopia is fast developing into a dynamic apparel-sourcing hub as low labor costs lure international clothing makers to the African nation.Manufacturers from China, South Korea, India and other countries have opened new plants in the

    July 17, 2017 03:02 pm JST
  • Digital offerings power Infosys's quarterly earnings

    MUMBAI (NewsRise) - Infosys is set to power ahead with its digital push as India's second-largest software exporter disclosed its revenue from new Internet-based technologies for the first time since it started the drive more than two years ago.Info

    July 14, 2017 09:06 pm JST
  • Tata Consultancy logs sharpest drop in quarterly profit in 2 years

    MUMBAI -- India's largest software services exporter, Tata Consultancy Services, has reported a 10% quarter-on-quarter decline in net profit to 59.45 billion rupees ($922.4 million) -- the biggest slide in two years -- for the three months ended in

    July 14, 2017 01:46 am JST
  • India and Israel get closer as their leaders hit it off in Jerusalem

    NEW DELHI Narendra Modi's three-day visit to Israel was both historic and productive. The first Indian prime minister to visit the Jewish state, Modi held in-depth talks with counterpart Benjamin Netanyahu that culminated in the signing of seven key

    July 13, 2017 10:00 am JST
  • Foxconn, Apple and the partnership that changed the tech sector

    PALO ALTO, U.S. For Apple, Hon Hai Precision Industry is not just a subcontractor. It is a business partner. And though both sides are taking steps to reduce their mutual dependence, their fortunes remain very much entwined.Their ties deepened in 20

    July 13, 2017 10:00 am JST
  • Gianfranco Casati: Digital readiness can make all the difference for emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs, and such markets have been the source of dreams dating back to Marco Polo. For every index that suggests renew

    July 13, 2017 10:00 am JST
  • Indian shares at record highs for third day as ONGC, HUL gain

    MUMBAI (NewsRise) -- Indian shares squeezed out marginal gains to stay at record highs, helped by advances in Oil & Natural Gas Corp., even as investors awaited the nation's retail inflation data and a congressional testimony by the U.S. Federal Res

    July 12, 2017 09:25 pm JST