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  • 5 years on, deadly riots still haunt Maruti Suzuki

    New Delhi -- Nearly five years after a deadly riot rocked Maruti Suzuki India's Manesar plant, convictions in a long-running court case were finally handed down earlier this month.A total of 148 workers had been arrested after the uprising took plac

    March 25, 2017 09:30 pm JST
  • India shares rise for 2nd day as banks gain on hopes of steps to tackle bad debt

    MUMBAI (NewsRise) -- Indian shares rose for a second straight day on Friday as banks rallied after Finance Minister Arun Jaitley said the government would soon announce policy measures to address rising bad debt.The benchmark BSE Sensex index gained

    March 24, 2017 10:40 pm JST
  • Accenture earnings signal tough times ahead for Indian software exporters

    MUMBAI (NewsRise) -- U.S. consulting and outsourcing company Accenture's quarterly earnings and outlook spell bad news for India's software services exporters, as the numbers underscore that a pickup in revenue growth is unlikely for them anytime so

    March 24, 2017 10:39 pm JST
  • Nikkei Asia300 Index gains on week even as Trump jitters weigh

    HONG KONG (NewsRise) -- Asian stocks managed modest gains this week, helped by advances in heavyweights after earnings, even as uncertainty about U.S. President Donald Trump's economic policies dampened sentiment.The Nikkei Asia300 Index edged 0.02%

    March 24, 2017 10:35 pm JST
  • India shares rise for 2nd day as banks gain on hopes of steps to tackle bad debt

    MUMBAI (NewsRise) -- Indian shares rose for a second straight day on Friday as banks rallied after Finance Minister Arun Jaitley said the government would soon announce policy measures to address rising bad debt.The benchmark BSE Sensex index gained

    March 24, 2017 10:25 pm JST
  • India shares rise on global recovery, foreign investor demand

    MUMBAI (NewsRise) -- Indian shares rose for the first time in four days on Thursday, as a recovery in regional markets and sustained purchases by foreign investors boosted demand for index heavyweights.The benchmark BSE Sensex index gained 0.6%, or

    March 23, 2017 10:10 pm JST
  • Idea Cellular stock slides on concerns over merger with Vodafone India

    MUMBAI (NewsRise) -- Shares of India's Idea Cellular have lost more than 15% since it announced a merger with Vodafone, as investors turn wary of its valuation and a long-drawn-out timeline to complete the deal amid a brutal price war that's eroding

    March 23, 2017 08:39 pm JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 12:00 pm JST
  • Paytm goes global via Canada

    MUMBAI Paytm, the Alibaba-backed financial technology startup from India run by One97 Communications, has launched its bill-payment app in Canada as a first step in an ambitious global expansion plan."This is just the beginning," Paytm's blog said.

    March 23, 2017 10:00 am JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 10:00 am JST
  • India shares fall for third day on global sell-off, banks lead losses

    MUMBAI (NewsRise) -- Indian shares fell for a third straight day on Wednesday, with the benchmark Sensex index recording its biggest drop this year, as rising concerns the U.S. President Donald Trump's growth agenda could take longer than expected t

    March 22, 2017 09:41 pm JST
  • Dr. Reddy's stock slumps as US FDA finds violations at India drug plant

    MUMBAI (NewsRise) -- Shares of Dr. Reddy's Laboratories lost about 3.9% in two days after the U.S. drug regulator observed repeated violation of manufacturing norms at one of its plants, prompting several brokerages to cut earnings outlook for India

    March 22, 2017 09:23 pm JST
  • Coking coal prices recover on China output cuts

    TOKYO -- Prices of coking coal -- a key input for the production of steel -- have stopped falling amid speculation that Chinese production cuts will ease the supply glut.On March 6, China's National Development and Reform Commission, an agency overs

    March 22, 2017 05:50 pm JST
  • India shares edge lower as private banks slip, Avenue Supermarts surges on debut

    MUMBAI (NewsRise)--Indian shares ended marginally lower Tuesday as top private lenders declined after a Morgan Stanley ratings downgrade.Shares of Avenue Supermarts, owner of retail store chain D-Mart, soared at their debut Tuesday after the company

    March 21, 2017 09:16 pm JST
  • India air passenger traffic growth slows in February as fares rise

    MUMBAI (NewsRise) -- Airline passenger traffic growth in India fell below 20% for the first time in 13 months in February, as fare increases and end of a peak travel season damped demand in the world's fastest growing aviation market.The number of p

    March 21, 2017 06:27 pm JST
  • Idea Cellular, Vodafone to merge to take India's top telecoms spot

    MUMBAI -- In a consolidation of two telecom giants, Vodafone India and Idea Cellular have decided to merge their operations in India to take on increasingly tough competition as well as sustain the pricing pressure on margins in the near term.Togeth

    March 20, 2017 11:57 pm JST
  • India shares post first fall in 3 days as stronger rupee hurts software stocks

    MUMBAI (NewsRise) -- Indian shares fell for the first time in three days on Monday amid concerns a strengthening rupee would hurt software exporters. Idea Cellular plunged after announcing a merger with Vodafone's India unit.The benchmark BSE Sensex

    March 20, 2017 09:14 pm JST
  • India's Adani to finalize Australia coal investment plan by June

    MUMBAI (Reuters) -- India's Adani Enterprises said it would finalize an investment decision by June for its Carmichael coal project in the northern Australian state of Queensland, which has been delayed due to protests from environmental groups.For

    March 19, 2017 03:36 pm JST
  • Paytm launches payment app in Canada

    MUMBAI -- Paytm, the Alibaba-backed financial technology startup from India run by One97 Communications, has launched its bill-payment app in Canada as a first step in an ambitious global expansion plan."This is just the beginning," Paytm's blog sai

    March 18, 2017 02:06 am JST
  • India shares post best weekly gains in seven weeks on BJP win, Fed stance

    MUMBAI (NewsRise) -- Indian shares recorded their best weekly gains in seven weeks as a decisive win by Prime Minister Narendra Modi's Bharatiya Janata party in state elections and the U.S. Federal Reserve's unchanged outlook on interest rates boost

    March 17, 2017 10:08 pm JST