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  • Busy abroad

    Suzuki Motor pretax profit rises on India operations

    TOKYO -- Suzuki Motor's pretax profit for the April-June quarter totaled 62.3 billion yen ($498 million), up 5% on the year, buoyed by brisk sales in India. Sales rose 9% to 772.8 billion yen, Suzuki said Monday. New-auto sales in India climbed

    August 4, 2015 12:32 am JST
  • Snapdeal-HDFC

    India's first co-branded e-commerce credit card

    NEW DELHI -- Indian online marketplace Snapdeal launched a co-branded e-commerce credit card with HDFC Bank on August 3 to encourage customers to make payments digitally. The card is being launched in partnership with Visa and is valid for three

    August 3, 2015 11:19 pm JST
  • Snapdeal alliance

    Indian footholds for Alibaba, Foxconn and SoftBank

    TAIPEI/NEW DELHI -- Snapdeal, a leading Indian e-commerce company, has secured a combined $500 million in funding from Taiwan's Foxconn Technology, China's Alibaba Group and Japan's SoftBank in the latest round of its battle for market share with U.

    August 3, 2015 09:52 pm JST
  • Raj Kumar Sharma

    Dragon rises in Central Asia -- security and economic dimensions

    China's aggressive actions and claims in the South China Sea on its eastern flank are being contested by its neighbors and the U.S. However, China's advance in Central Asia on its western flank looks unhindered for now, due to the geopolitical reali

    August 3, 2015 06:00 pm JST
  • Nikkei PMI

    India's factory activity improves further to 52.7 in July

    TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI improved further to 52.7 in July from June's 51.3. The PMI remained above 50 -- the line separating growth from contraction. Although the overall manufacturing condit

    August 3, 2015 02:00 pm JST
  • Investing

    Where next for Indian stocks?

    MUMBAI -- Indian investors are seeking out signals of the next stock market rally. Share prices surged after Prime Minister Narendra Modi took office in May last year. They stagnated, however, in the April-June quarter. Events overseas such as t

    August 3, 2015 11:30 am JST
  • Retrospective taxation

    Foreign investors go to court over unexpected Indian demands

    KOLKATA, India -- Foreign investors who believed that Prime Minister Narendra Modi's government would tackle India's reputation for unpredictable tax enforcement have been rapidly disillusioned since his Bharatiya Janata Party took power in May 2014

    August 1, 2015 01:00 pm JST
  • State Bank of India

    Hong Kong authority fines lender over laundering controls

    MUMBAI -- The Hong Kong Monetary Authority has slapped a penalty on State Bank of India's local branch over alleged cracks in its internal controls. The authority concluded that, in the past, the branch did not do enough to guard against money

    July 31, 2015 09:27 pm JST
  • Price stability at risk?

    Plan to curtail Indian central bank independence stirs worry

    NEW DELHI -- India's conservative government has proposed a draft bill that would strip the country's central bank of its independence by putting the power to set interest rates in the hands of politicians. The plan has created a backlash among

    July 31, 2015 12:00 pm JST
  • Strengthening foothold

    Motor maker Igarashi Electric to turn India venture into subsidiary

    TOKYO -- Automotive motor manufacturer Igarashi Electric Works plans to turn an Indian venture into a subsidiary in a bid to boost output in a key production base. By teaming with local financial services provider Tata Capital, the Japanese comp

    July 31, 2015 02:00 am JST
  • Nestle India

    Heavy noodle fallout in second quarter

    NEW DELHI -- Reeling from allegations of contamination with lead and unlabelled monosodium glutamate, sales of Nestle India's Maggi noodles plunged during an "extremely challenging" second quarter that generated losses of 4.5 billion rupees ($70 mil

    July 30, 2015 10:12 pm JST
  • Mahindra & Mahindra

    New compact SUV to offer just enough toughness for urbanites

    MUMBAI -- Indian carmaker Mahindra & Mahindra is readying a "tough" but "stylish" new compact SUV it hopes will nudge rivals out of the way. The TUV3OO -- pronounced "three double-O" -- will go up against Ford's Ecosport, a market favorite, and

    July 30, 2015 09:33 pm JST
  • Mumbai bombings

    Accountant hanged for deadliest terrorist attacks on Indian soil

    NEW DELHI -- India on Thursday executed a chartered accountant for his involvement in a series of bombings that struck Mumbai in 1993. The explosions killed 257 -- 84 of them at the Bombay Stock Exchange -- and injured more than 700. The coordin

    July 30, 2015 09:30 pm JST
  • Nikkei earnings preview

    India ops seen revving up Suzuki's profit in April-June

    TOKYO -- Suzuki Motor's group operating profit likely rose almost 10% on the year to around 55 billion yen ($441 million) for the April-June quarter -- thanks almost entirely to its business in India. The Japanese carmaker enjoys the top market

    July 30, 2015 02:00 am JST
  • Tata Power

    Targeting 25% green power

    MUMBAI -- Tata Power, India's largest integrated private sector power company, wants to more than double its output to 18,000 megawatts by 2022 and to generate up to a quarter of this from green sources. "The company's growing global footprint i

    July 30, 2015 01:05 am JST
  • Dabur India

    Q1 net profit climbs 24% on steady growth overseas

    NEW DELHI -- Dabur India, a fast-moving consumer goods company, on Wednesday reported that its group net profit for the April-June quarter climbed 24% on the year to 2.6 billion rupees ($40.8 million) on the back of strong demand. Group net sale

    July 30, 2015 12:50 am JST
  • Maruti Suzuki targets high end with Nexa dealerships

    NEW DELHI -- Suzuki Motor is taking a new step in India. Maruti Suzuki India, the Japanese automaker's unit there, will expand beyond budget compacts with the August launch of new luxury dealerships. It aims to capitalize on rising demand for high-e

    July 30, 2015 12:00 am JST
  • Nicholas Borroz: Lifting Iran sanctions could benefit Asia

    The historic agreement reached between Iran and six world powers on July 14 portends a new era -- with mixed implications for the rest of the world. Analysis of the broader impact of the Iran deal has so far focused mostly on Tehran's relations

    July 30, 2015 12:00 am JST
  • Howie Lee: Sun setting on gold

    Gold has lost its sheen recently. Improving macroeconomic fundamentals and persistently low inflation are not aiding the precious metal's cause. In Asia, China and India are unlikely to help pick up the slack despite consistently slumping prices. Ev

    July 30, 2015 12:00 am JST
  • Where next for Indian stocks?

    MUMBAI -- Indian investors are seeking out signals of the next stock market rally. Share prices surged after Prime Minister Narendra Modi took office in May last year. They stagnated, however, in the April-June quarter. Events overseas such as t

    July 30, 2015 12:00 am JST