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  • Cipla

    Profit misses estimates as India business hurt by change in distribution policy

    MUMBAI (NewsRise) -- Indian drugmaker Cipla posted a slower-than-expected 5% increase in third-quarter profit, as a change in the company's distribution policy affected local sales. Higher expenses also weighed. Consolidated net income rose to 3

    February 11, 2016 12:47 pm JST
  • Stricter emissions targets put India's automakers in a corner

    GREATER NOIDA, India Carmakers are expecting a lot of the Indian market, with demand there expected to pick up the slack created by the slowdown in the Chinese economy. But tapping the country's massive potential is about to get a lot tougher for

    February 11, 2016 12:00 pm JST
  • India is not immune from Islamic extremism

    NEW DELHI The attack on Pathankot air base in the northern Indian state of Punjab by Islamist militants on Jan. 2 dented hopes that the threat of terrorism in this volatile region was receding and reminded Indians of the threat they still face.

    February 11, 2016 12:00 pm JST
  • Retail services

    Delivering India's e-commerce boom

    NEW DELHI -- "Right now, I'm looking at a platform where I can see all our delivery boys and how they're moving around the city," said Abhishek Bansal, peering at a screen at Shadowfax headquarters in Gurgaon, India. The motorbike riders are win

    February 11, 2016 07:00 am JST
  • Nestle India

    Return of the Swiss noodle

    MUMBAI -- Armed with all the necessary regulatory approval for production and sales of Maggi noodles, which last year had to be pulled from national shelves for allegedly containing excessive levels of lead, Nestle India is looking to restore sales

    February 11, 2016 01:10 am JST
  • Tata Consultancy Services

    Boss seeks to calm nerves after US rival's growth warning

    MUMBAI -- A day after Nasdaq-listed Cognizant Technology Solutions sounded the alarm over slowing growth in the banking, financial services and insurance sector, market leader Tata Consultancy Services on Wednesday said it expects healthy results in

    February 10, 2016 10:50 pm JST
  • Dabur India

    Lifting of Nepal blockade kickstarts juice plant

    NEW DELHI -- Consumer goods giant Dabur India said on Tuesday that operations at its juice manufacturing plant in Nepal will soon return to normal, following the end of a five-month-long border blockade between the two countries. The company mad

    February 10, 2016 10:10 pm JST
  • Tony Nash and Kristina Feller

    The age of Asian infrustracture

    Asia has a rich and well-documented history of early civilizations and seafarers. From China's Great Wall to the vast complexes of the Khmer and Pagan kingdoms in Cambodia and Myanmar respectively and the roads of India's Emperor Ashoka, these ancie

    February 10, 2016 10:00 pm JST
  • Indian market wrap

    Shares slump to 20-month lows as global selloff weighs

    MUMBAI (NewsRise) -- India shares fell for a third session Wednesday, as a rout in European financial stocks further pressured already-stressed global markets and local lenders slumped on caution ahead of State Bank of India's results. The bench

    February 10, 2016 08:45 pm JST
  • Motorcycles

    Japan players seek Indian detour as Asian sales stall

    TOKYO -- Major Japanese motorcycle makers are rethinking their Asian strategies in light of unexpectedly poor performance in Indonesia, turning their focus to India in hopes of kick-starting sputtering sales. Yamaha Motor announced results for t

    February 10, 2016 04:58 am JST
  • Tata Steel

    Shares gain as price floors set to curb imports

    SINGAPORE -- India's Tata Steel advanced Tuesday as investors continued to applaud Friday's news that the government imposed minimum prices for imported steel products. The price floors for 173 product types range from $342 to $752 a ton. Import

    February 10, 2016 02:00 am JST
  • Motherson Sumi Systems

    3Q profit jumps 21% driven by Dutch unit

    NEW DELHI (NewsRise) -- Motherson Sumi Systems, India's largest auto parts maker, posted a 21% jump in third-quarter net income, boosted by higher sales at its overseas units after the company boosted production capacity. Consolidated net income

    February 10, 2016 12:23 am JST
  • Indian economy

    Analysts cast doubt on 7.6% GDP growth target

    NEW DELHI -- Despite a global economic slowdown and tumbling prices in equities and commodities, officials said that India's gross domestic product will grow to a five-year high of 7.6% in the fiscal year ending March, a figure that analysts are dou

    February 9, 2016 11:23 pm JST
  • Hindalco Industries

    Aluminum producer's profit plummets nearly 89%

    MUMBAI -- Aluminum and copper producer Hindalco Industries logged an 88.7% decline in net profit for the October-December quarter, due to weak sales. Profit came to 404.6 million rupees ($5.95 million); analysts had expected the Indian company to po

    February 9, 2016 10:30 pm JST
  • Dr. Reddy's Laboratories

    Profit misses estimates on lower sales in emerging markets

    MUMBAI (NewsRise) -- Dr. Reddy's Laboratories posted a weaker-than-expected 1% increase in third-quarter net income, as sales in emerging markets took a hit from weaker local currencies, eroding gains from revenue growth in the key North America mar

    February 9, 2016 10:03 pm JST
  • Indian market wrap

    Shares fall tracking global stock rout, Nikkei slides over 5%

    MUMBAI (NewsRise) -- India shares fell for a second session Tuesday, as intensifying concerns of global slowdown sapped risk appetite, dragging worldwide indexes lower, with Japan's Nikkei 225 leading Asian losses. Disappointing outlook from soft

    February 9, 2016 09:46 pm JST
  • Facebook India

    Regulator bans Internet discriminatory pricing

    MUMBAI -- The Telecom Regulatory Authority of India ruled Monday in favor of net neutrality by prohibiting discriminatory pricing on Internet services and content -- much to the disappointment of companies like Facebook and Bharti Airtel. T

    February 9, 2016 01:40 pm JST
  • Indian economy

    GDP grew 7.3% in October-December on brisk consumption

    NEW DELHI -- India's real gross domestic product rose 7.3% on the year in the October-December period, according to the government, as cheap oil bolstered consumption. Growth topped 7% for a third straight quarter, figures released Monday show,

    February 9, 2016 04:30 am JST
  • Pharmaceuticals

    Eisai to supply generic drug makers with bulk ingredients

    TOKYO -- In an unprecedented step among leading Japanese pharmaceutical companies, Eisai has decided to sell active pharmaceutical ingredients to domestic generic drug makers. In preparation, Eisai will invest several billion yen (tens of millio

    February 9, 2016 03:58 am JST
  • Japanese automakers

    Strong Indian sales send Suzuki to record net profit

    TOKYO -- Suzuki Motor's group net profit jumped 28% on the year to 102.2 billion yen ($882 million) for the nine months through December, the Japanese company reported Monday, as the automaker broke its record for the period. The company's sales

    February 9, 2016 02:05 am JST