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  • Japan, China play for 'swing states' in regional trade game

    TOKYO -- Top negotiators from 16 Asia-Pacific countries representing roughly half the world's population and around a third of global trade will meet in Kobe next week to discuss a trade deal that some, like Japan, hope will bear fruit amid the grow

    February 25, 2017 04:00 am JST
  • Thai rice export prices drop 3.4%

    TOKYO -- Thai rice export prices have plummeted to $395 a ton, a 3.4% drop from a recent high in mid-January, according to the Thai Board of Trade.Rice production in Thailand, where two crops are harvested annually, is expected to increase 17.7% to

    February 25, 2017 03:30 am JST
  • India's Bharti Airtel to buy Telenor's local business

    NEW DELHI/BANGKOK -- Bharti Airtel, India's largest telecom operator, on Thursday announced it has reached an agreement to buy the Indian operations of Norway's Telenor, a move that will bolster Airtel's position in the face of stiff competition fro

    February 23, 2017 11:15 pm JST
  • Malaysia's IHH Healthcare hit by one-off costs

    KUALA LUMPUR -- IHH Healthcare, Asia's largest hospital operator by market capitalization, said on Thursday net profit for the fiscal year ended Dec. 31 dropped 34% to 612.4 million ringgit ($137.6 million).Revenue grew 19% to 10 billion ringgit, dr

    February 23, 2017 09:30 pm JST
  • India shares gain for fifth week as software firms rebound

    MUMBAI (NewsRise) -- Indian shares recorded their fifth straight week of gains after edging higher on Thursday, helped by a rebound in software shares and advances in telecom stocks.The benchmark BSE Sensex rose 0.1% to 28,892.97 points, levels last

    February 23, 2017 09:21 pm JST
  • SoftBank-backed Snapdeal fires 600 workers amid India Internet fund crunch

    MUMBAI (NewsRise) - SoftBank-backed Snapdeal.com, one of India's largest e-commerce companies, is firing about 600 employees as it grapples with cutthroat competition from larger rival Amazon.com amid a funding crunch.Over the past year, India's Int

    February 23, 2017 08:52 pm JST
  • Indian generics companies are under pressure in the US

    NEW DELHI India's largest drug manufacturers have hit a roadblock in the U.S. market due to fierce price competition. And things may go from bad to worse if U.S. President Donald Trump realizes his protectionist vision.The biggest company of the bun

    February 23, 2017 10:00 am JST
  • China leads demand in a complex nuclear industry

    TOKYO One major driving force behind the expansion of Toshiba's nuclear power plant business is the growing demand for electricity in Asia.According to the World Nuclear Association, 99 of 447 nuclear power plants operating in the world are in the U

    February 23, 2017 10:00 am JST
  • Arvind Singhal: India has taken a big step toward going 'cashless'

    The jury is still out on the financial impact of Indian Prime Minister Narendra Modi's surprise move on Nov. 8 to ban the two largest-denomination rupee notes in circulation.While many economists and analysts have concluded that the economic impact

    February 23, 2017 10:00 am JST
  • India's colonial-era stations to get Korean facelift

    NEW DELHI -- Three South Korean companies have thrown their hats into the race to modernize India's colonial-era railway network which has seen few upgrades in over a century. India has embarked on an ambitious plan to modernize 400 of its train sta

    February 22, 2017 11:40 pm JST
  • India shares gain as Reliance Industries surges to highest in 8 years

    MUMBAI (NewsRise) -- Indian shares recorded their fifth consecutive day of gains on Wednesday, as Reliance Industries surged to a near eight-year high amid bets that its telecom business could start contributing to profits sooner than expected.The b

    February 22, 2017 09:20 pm JST
  • Reliance Industries stock jumps to eight-year high as Jio ends free Internet

    MUMBAI (NewsRIse) -- Shares of Reliance Industries, India's second-largest company by market capitalization, rose as much as 11%, touching their highest in about eight years, a day after its wireless unit announced plans to end its free high-speed i

    February 22, 2017 09:09 pm JST
  • Maruti Suzuki to invest another $284m in R&D unit

    NEW DELHI -- Maruti Suzuki India, the country's largest passenger carmaker, aims to complete the second phase of its research and development center in northern Haryana state by March 2019 at an estimated investment of 19 billion rupees ($283.6 mill

    February 22, 2017 08:40 pm JST
  • Raj Kumar Sharma

    From Look East to Act East -- India balances China in its own backyard

    China's creeping influence in South Asia has created flutters in Indian foreign policy circles but New Delhi has been quietly balancing Beijing in its own backyard by further upgrading its relations with Southeast Asian nations under its Act East po

    February 22, 2017 07:00 pm JST
  • Asia fuels highest international weapons trade since Cold War

    TOKYO -- Global arms trade reached its highest level since the end of the Cold War in the five years from 2012 to 2016, new data from Sweden's Stockholm International Peace Research Institute has found. The increase was fueled by Asia as nations in

    February 22, 2017 02:00 pm JST
  • New Tata chief walks line between reform, family values

    MUMBAI/NEW DELHI -- A new chairman is in charge at India's Tata group, beginning the tricky task of fixing the sprawling conglomerate's unbalanced earnings base while keeping peace with its powerful founding family.India's largest conglomerate will

    February 22, 2017 05:25 am JST
  • Global pact to make customs procedures easy, transparent

    TOKYO -- A World Trade Organization pact designed to simplify and standardize customs procedures is expected to enter into force Wednesday, a boost to global trade amid worries of rising protectionism.The Trade Facilitation Agreement, adopted by WTO

    February 22, 2017 05:20 am JST
  • India's Reliance Jio adds 100m wireless customers

    MUMBAI (NewsRise) -- Reliance Industries' wireless venture said it has added 100 million customers in less than six months since its launch and will offer steep discounts for a year, further exacerbating a price war in one of the most competitive te

    February 21, 2017 09:33 pm JST
  • India shares rise to 5-month high as Axis Bank jumps on merger speculation

    MUMBAI (NewsRise) -- Indian shares rose to a more-than-five-month high on Tuesday, recording their fourth consecutive day of gains, as stocks of private lenders jumped amid speculation of a merger between Axis Bank and Kotak Mahindra Bank.The benchm

    February 21, 2017 09:15 pm JST
  • New chairman at Tata Group puts focus on performance

    MUMBAI (NewsRise) -- A company veteran took over as chairman of Tata Sons Tuesday, marking a fresh start for the conglomerate, whose image has been tarnished by an acrimonious boardroom battle and allegations of corporate governance lapses.In his fi

    February 21, 2017 08:10 pm JST