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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
  • Japan committed to push infrastructure exports

    TOKYO -- Japan's government is working to wrap up a revised strategy for promoting infrastructure exports. The focus is on comprehensive support for urban development projects -- from initial planning to regulatory development to fundraising.The gov

    May 26, 2017 04:00 pm JST
  • Chaitanya Kalbag

    India's Modi at three years earns mixed scorecard

    As Prime Minister Narendra Modi celebrates his third anniversary in power on May 26, India's economy seems to be firing on all cylinders. The country's stock markets rose to record highs earlier in May. Exports have been growing steadily, despite th

    May 26, 2017 01:55 pm JST
  • After historic tax reform, Modi's next task is job creation

    NEW DELHI -- Indian Prime Minister Narendra Modi is preparing to carry out India's biggest tax system reform since independence, following the recent unprecedented demonetization of certain large-denomination bank notes.The two policies introduced b

    May 26, 2017 10:00 am 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
  • East Asian workers remarkably disengaged

    TOKYO -- Workers in East Asia are much less engaged in their jobs than their counterparts in the rest of the world, a recent survey by Gallup shows. Experts say East Asian companies need to alter their management styles before disengaged workforces

    May 25, 2017 10:40 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
  • Interview

    Indian commerce minister cites Chinese trade barriers

    NEW DELHI --- India's reluctance to lower its high trade barriers has often been cited as an obstacle to regional and global trade pacts. Commerce and Industry Minister Nirmala Sitharaman, however, disputes this view. She told Nikkei in a recent int

    May 25, 2017 04:00 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
  • After the GST, Modi's next task is job creation

    NEW DELHI Indian Prime Minister Narendra Modi is preparing to carry out India's biggest tax system reform since independence, following the recent unprecedented demonetization of certain large-denomination bank notes.The two policies introduced by M

    May 25, 2017 10:00 am JST
  • Nicholas Spiro: India's buoyant markets mask its banking woes

    India has become a tale of two halves.The first half, and the one that has received the most attention since Prime Minister Narendra Modi's stunning 2014 election victory, has been the resilience of India's financial markets.Despite numerous externa

    May 25, 2017 10:00 am JST
  • Daiichi Sankyo aims for 50% overseas sales by 2020

    TOKYO -- Having stumbled in one international acquisition, Daiichi Sankyo is again sharpening its focus outside Japan, with the goal of earning more than half of its revenues abroad as soon as the first half of 2020.In fiscal 2016, Daiichi Sankyo ge

    May 25, 2017 05:45 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