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  • Japanese arcade thriving in India's commercial capital

    MUMBAI -- India is enjoying a new pastime, one introduced by Japanese gaming company Bandai Namco Holdings.An arcade in Oberoi Mall in Mumbai, India's commercial capital, is the country's first amusement facility run by a Japanese company. It opened

    May 28, 2016 01:00 pm JST
  • Obama's nuclear-free ideals face tough reality check

    HIROSHIMA, Japan -- U.S. President Barack Obama's historic trip here, and his renewed appeal for a world without nuclear weapons, may ultimately do little besides pad his political resume as global disarmament efforts sputter.Obama won the Nobel Pea

    May 28, 2016 05:50 am JST
  • Revenue, profit slump at Bharat Heavy Electricals

    NEW DELHI -- Bharat Heavy Electricals (BHEL), an Indian state-owned manufacturer of power plant equipment, reported on Friday a steep 60% year-on-year fall in net profit for the January-March period to 3.6 billion rupees ($53.7 million), owing to re

    May 28, 2016 12:57 am JST
  • Provisioning compliance knocks 66% off State Bank's quarterly profit

    MUMBAI -- After seeing bad loans double, State Bank of India, the country's largest lender by assets, has posted a 66% decline in quarterly net profit year on year to 12.64 billion rupees ($ 188.76 million) after complying with more stringent provis

    May 28, 2016 12:52 am JST
  • Power Grid Corp of India:Profit gains 13% in fourth quarter on more power lines

    MUMBAI (NewsRise) -- Power Grid Corp. of India posted a 13% increase in fourth-quarter profit, in line with market expectations, as the nation's biggest electricity transmission company added more power lines, boosting revenues.Net income for the qu

    May 27, 2016 09:48 pm JST
  • Indian market wrap: Shares post stellar week as local earnings lift indexes

    MUMBAI (NewsRise) - Indian shares posted their best weekly gain since early March, trumping regional markets, as strong earnings from index heavyweights and improving risk appetite propped up indexes.The benchmark BSE Sensex rose 1.09% to 26,653.60

    May 27, 2016 09:03 pm JST
  • Indian Oil:Profit plunges as refining margins take a hit

    MUMBAI (NewsRise) -- State-owned Indian Oil, the nation's largest refiner, said its fourth-quarter net income plunged to a fifth of the year-earlier level, weighed by a sharp cut in the margin for turning crude into fuels and high inventory losses.N

    May 27, 2016 08:49 pm JST
  • India's ruling BJP takes small step toward 'national party' status

    TOKYO -- The Bharatiya Janata Party, India's ruling party at the national level, showed well this month and last during state assembly elections. It was expected to face uphill battles after it antagonized Muslims by banning the sale of cattle for s

    May 27, 2016 07:00 pm JST
  • Tata Steel's global business looking rusty as slump drags on

    MUMBAI -- Tata Steel is groaning under the weight of money-losing British operations, potentially signaling the end of the road for a business strategy centered on global expansion.The Indian steelmaker began its earnings conference Wednesday night

    May 27, 2016 06:37 am JST
  • India investors hope third year's the charm for Modinomics

    SINGAPORE -- As Indian Prime Minister Narendra Modi enters his third year in office, investor expectations are rising again as economic reform starts to bear fruit, a development some see sending the Sensex stock index to fresh highs.India is overfl

    May 27, 2016 02:00 am JST
  • Wilmar surges on joint food venture in India

    SINGAPORE -- Palm oil producer Wilmar International shares gained here Thursday as investors reacted favorably to a planned joint venture with an Indian food manufacturer.The stock rose 0.61% to close at 3.29 Singapore dollars ($2.40) after touching

    May 27, 2016 12:00 am JST
  • Oil & Natural Gas

    India's biggest explorer boosts profit on one-time gains

    MUMBAI (NewsRise) -- Oil & Natural Gas Corp., India's biggest explorer, reported a more than 12% rise in fourth-quarter profit, beating market expectations, as a one-time gain related to a write back helped offset the impact of slump in sales, amid

    May 26, 2016 09:23 pm JST
  • Indian market wrap

    Shares erase 2016 losses, L&T leads

    MUMBAI (NewsRise) -- Indian shares extended gains Thursday, turning higher for the year, as engineering company Larsen & Toubro's strong quarterly results helped indexes outperform regional equity markets.The benchmark BSE Sensex rose 1.88% to 26,36

    May 26, 2016 08:38 pm JST
  • How a daughter's message for peace touched the hearts of millions

    NEW DELHI -- The online video lasts a mere four minutes and 24 seconds. In it, a 19-year-old high school student from India silently holds up 36 cards as music plays softly in the background."My name is Gurmehar Kaur," one of her cards reads."This i

    May 26, 2016 07:00 pm JST
  • GAIL net profit up 51% on year in Q4

    NEW DELHI -- State-run natural gas company GAIL (India) has reported a 51% year-on-year jump in its net profit for the January-March quarter, lifted by higher transmission volumes.For the fourth quarter of the financial year ended March 31, the comp

    May 26, 2016 06:40 pm JST
  • Sluggish crude prices have oil industry changing tack

    NEW DELHI -- Saudi Arabia is looking to list state-owned oil company Saudi Aramco in a move to reduce its reliance on crude oil by investing proceeds from the sale of some shares in areas with growth potential. However, the government of an oil-prod

    May 26, 2016 01:00 pm JST
  • Hiroshima visit marks Obama's last chance to secure non-nuclear legacy

    SINGAPORE -- The people of Asia have had more than enough of nukes. On one side of the continent, North Korea presses ahead with missile tests, while on the other side Iran has yet to fully relinquish its nuclear development program.In the 20th cent

    May 26, 2016 12:00 pm JST
  • Plans to upgrade the US nuclear arsenal are fueling a new arms race

    President Barack Obama wants his visit to Hiroshima, Japan, to be remembered as a sign of his commitment to a nuclear-free world -- a bold pledge that helped win him the Nobel Peace Prize in 2009.That year, the Nobel Committee cited the U.S. leader'

    May 26, 2016 12:00 pm JST
  • Four Asian states racing to upgrade their nuclear arsenals

    NORTH KOREA has conducted four successful nuclear tests, including one in January. Pyongyang is also making progress on the missile technology needed to deliver an atomic bomb. North Korea's stockpile of nuclear warheads, estimated at 10 to 20, coul

    May 26, 2016 12:00 pm JST
  • Hiroshima visit marks Obama's last chance to secure non-nuclear legacy

    SINGAPORE The people of Asia have had more than enough of nukes. On one side of the continent, North Korea presses ahead with missile tests, while on the other side Iran has yet to fully relinquish its nuclear development program.In the 20th century

    May 26, 2016 12:00 pm JST