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  • Policy turn to unshackle Indian mining

    NEW DELHI -- Prime Minister Narendra Modi is trying to woo private and foreign investors to help revive an Indian mining sector distorted by decades of bureaucratic hurdles and complex regulations, but industry players say more is needed to turn the

    May 27, 2017 05:40 pm JST
  • Sun Pharmaceuticals posts surprise fall in profit amid U.S. challenges

    MUMBAI (NewsRise) -- Sun Pharmaceutical Industries reported a surprise 14% decline in fourth-quarter profit, as rising competition and pricing pressure in the U.S. generics market stifled growth at India's largest drug maker by market value.Consolid

    May 26, 2017 09:56 pm JST
  • India shares rise to record, post third week of gains on earnings, Fed minutes

    MUMBAI (NewsRise) -- Indian shares rose to a record on Friday, extending gains for the third straight week, as better-than-expected company earnings and bets that the U.S. Federal Reserve would raise rates at a slower pace helped lift demand for blu

    May 26, 2017 09:43 pm JST
  • ITC quarterly profit rises on higher India cigarette sales

    MUMBAI (NewsRise) -- ITC, India's largest cigarette-maker, said fourth-quarter net income increased 12%, helped by higher sales of cigarettes as well as other consumer products.ITC, also known for its Maurya hotel chain, said net income for the thre

    May 26, 2017 08:58 pm JST
  • Cipla reports surprise fourth-quarter loss on one-time costs

    MUMBAI (NewsRise) -- Indian drug maker Cipla reported a surprise fourth-quarter net loss, hit by one-time expenses in its U.S. generics business as well as biotechnology unit.The consolidated net loss for the three-months ended March 31 stood at 617

    May 25, 2017 11:51 pm JST
  • Policy upheavals buffet mining in Philippines, Indonesia

    SANTA CRUZ, Philippines/JAKARTA -- In the eyes of Diosdado Alota, chief of Guinabon village in the northwest Philippines, the mining industry is key to his community's health.Until the national government ordered a suspension of operations in 2014 o

    May 25, 2017 04:08 pm JST
  • Companies tally up the costs of India's historic tax reform

    NEW DELHI Companies and consumers across India await the July 1 launch of Prime Minister Narendra Modi's unified sales tax regime with bated breath.The country has set rates for most goods and all services ahead of the much-anticipated new regime th

    May 25, 2017 10:00 am JST
  • Policy upheavals buffet mining in Philippines, Indonesia

    SANTA CRUZ, Philippines/JAKARTA In the eyes of Diosdado Alota, chief of Guinabon village in the northwest Philippines, the mining industry is key to his community's health.Until the national government ordered a suspension of operations in 2014 over

    May 25, 2017 10:00 am JST
  • Mining companies face tough decisions despite the industry's rebound

    SYDNEY Big international mining companies like BHP and Rio Tinto made it through the crash in global commodity prices by slashing costs, shedding less productive units and taking full advantage of the economies of scale their vast operations provide

    May 25, 2017 10:00 am JST
  • Policy turn to unshackle Indian mining

    NEW DELHI Prime Minister Narendra Modi is trying to woo private and foreign investors to help revive an Indian mining sector distorted by decades of bureaucratic hurdles and complex regulations, but industry players say more is needed to turn the se

    May 25, 2017 10:00 am JST
  • India is a tough nut for automakers to crack, but plenty want to try

    NEW DELHI Dismal sales are forcing General Motors to pull out of India, even as other global automakers line up to enter the brutally competitive market.GM announced it will end sales of its Chevrolet line of vehicles in India at the end of 2017. He

    May 25, 2017 10:00 am JST
  • Geely joins China's charge into Asian auto markets

    BANGKOK -- Chinese automakers are launching a fresh challenge in Southeast Asia, undeterred by the failure of more established players to gain a solid foothold in markets traditionally dominated by Japanese brands.About 3.2 million cars were sold in

    May 25, 2017 05:00 am JST
  • India's Mahindra to double electric vehicle production capacity

    MUMBAI -- Indian automaker Mahindra & Mahindra will double its output capacity for electric vehicles within three months, aiming to lead the country's market for such vehicles.In 2019, the carmaker plans to roll out an electric model capable of driv

    May 25, 2017 03:33 am JST
  • Adani Enterprises profit jumps 60% on surging coal trading

    MUMBAI (NewsRise) -- Adani Enterprises, controlled by billionaire Gautam Adani, said fourth-quarter profit jumped more than 60% from a year earlier, aided by a surge in coal trading and revenue from new renewable energy projects.Consolidated net inc

    May 24, 2017 09:45 pm JST
  • India shares fall for 2nd day as weak Lupin earnings drag healthcare stocks

    MUMBAI (NewsRise) -- Indian shares fell for a second straight day on Wednesday, as healthcare stocks extended declines after drug maker Lupin posted a weaker-than-expected profit.The benchmark BSE Sensex index declined 0.2%, or 63.61 points, to 30,3

    May 24, 2017 09:22 pm JST
  • Tata Motors profit falls on forex loss, weaker India truck sales

    NEW DELHI (NewsRise) -- Tata Motors Ltd. reported a 17% drop in consolidated fourth-quarter net profit as a foreign currency loss and a wider deficit at its Indian operations outweighed higher sales of Jaguar Land Rover luxury vehicles.Profit at the

    May 23, 2017 11:45 pm JST
  • India shares edge higher as consumer makers jump on bets of lower taxes

    MUMBAI (NewsRise) -- Indian shares ended marginally higher on Monday, as cigarette-maker ITC led gains in consumer goods makers amid hopes taxes on their products would decline under a new taxation regime expected to kick-off from July 1.The benchma

    May 23, 2017 09:51 pm JST
  • Indians seek corporate job security as startup dreams fade

    BANGALORE -- A couple of years ago, Amit Khandelwal quit his job at a multinational corporation to join Snapdeal, an online retailing startup. "I went to work for a startup because the job was more challenging, the pay was higher and the title was f

    May 23, 2017 09:45 pm JST
  • India shares edge higher as consumer makers jump on bets of lower taxes

    MUMBAI (NewsRise) -- Indian shares ended marginally higher on Monday, as cigarette-maker ITC led gains in consumer goods makers amid hopes taxes on their products would decline under a new taxation regime expected to kick-off from July 1.The benchma

    May 22, 2017 10:37 pm JST
  • GAIL India quarterly profit unexpectedly plunges on investment loss

    MUMBAI (NewsRise) -- GAIL India, the nation's largest natural gas distributor, said profit in the fourth quarter plunged to a third from a year earlier, after the company incurred a one-time loss on an investment in a joint venture.Net income for th

    May 22, 2017 10:30 pm JST