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  • Indian politics

    Backbone of BJP wields its influence

    TOKYO -- It is nearly one year since India's Bharatiya Janata Party (BJP) was swept back to power in a landslide victory after a 10 year hiatus. The right-wing party's backbone is the Rashtriya Swayamsevak Sangh (RSS, National Volunteer Organization

    May 24, 2015 01:00 pm JST
  • Reclamation projects

    Asian mines beware -- ISO wants to clean you up

    Thanks to the Beatles' song, "A Day in the Life," we know that at one time there were "4,000 holes in Blackburn, Lancashire." But no song lyric exists to tell us how many holes there are in Asia as a result of mining. This is hardly surprising.

    May 24, 2015 01:00 pm JST
  • Nestle India

    Maggi instant noodles under food safety spotlight

    NEW DELHI -- Maggi instant noodles, a popular snack manufactured by Nestle India, has come under the regulatory spotlight after some samples tested by authorities in the northern state of Uttar Pradesh showed the presence of harmful chemicals. Nes

    May 22, 2015 11:31 pm JST
  • Beijing holds sway

    China solidifies top AIIB share, influence as capital doubles

    BEIJING/SINGAPORE -- China is set to emerge as the biggest shareholder in its proposed Asian Infrastructure Investment Bank, contributing nearly 30% of the lender's $100 billion in capital and holding a powerful influence on its management. The

    May 22, 2015 10:04 pm JST
  • The Future of Asia 2015

    India won't introduce retroactive taxes

    TOKYO -- India will not implement any new retroactive taxes, a senior finance ministry official said Friday in a panel discussion at Nikkei's annual Future of Asia international conference. Indian Minister of State for Finance Jayant Sinha and o

    May 22, 2015 03:30 pm JST
  • The Future of Asia 2015

    India poised to become global driver of growth, finance official says

    TOKYO -- India is accelerating its transformation to become a shining star in the global economy, with ongoing reforms under Prime Minister Narendra Modi setting the stage for sustained robust growth and a new model for the way companies do business

    May 22, 2015 03:00 pm JST
  • Undercultivated market

    Generic-drug makers boosting capacity as demand in Japan grows

    OSAKA -- With the government pushing for more use of generic drugs instead of pricier branded versions, foreign and domestic suppliers are beefing up production capacity to target the Japanese market. Lupin, the third-largest drugmaker in India,

    May 22, 2015 02:03 am JST
  • Bajaj Auto

    India motorbike maker logs 10% profit decline

    MUMBAI -- Bajaj Auto of India booked a 10% drop in net profit to 30.2 billion rupees ($512 million) for the year ended March 31, the company said Thursday. Motorbike sales languished amid tough competition, and costs of material and labor increa

    May 22, 2015 02:00 am JST
  • Mahindra & Mahindra

    Indian farm machinery maker to buy into Mitsubishi Heavy unit

    MUMBAI -- Mahindra & Mahindra, an Indian manufacturer of automobiles and farm machinery, will join forces with a unit of Japan's Mitsubishi Heavy Industries to ramp up business in Asia and North America. The world's largest tractor manufacturer

    May 21, 2015 10:56 pm JST
  • Tata Steel

    Competition, impairment and weak demand bring losses

    MUMBAI -- With a major impairment incurred by its U.K. division and weak demand at home, Tata Steel, India's largest private sector steel producer, reported a consolidated loss of over 39 billion rupees ($616 million) for the year ending in March on

    May 21, 2015 10:54 pm JST
  • Tata Power

    New plants expected to boost profits

    MUMBAI -- Integrated power company Tata Power's consolidated net profit for the year ending in March was 1.68 billion rupees ($26.34 million) against a loss of 2.60 billion the previous year -- a turnaround attributed to improved cost efficiency and

    May 21, 2015 02:54 am JST
  • The succession question

    Arora emerges as SoftBank's answer

    TOKYO -- SoftBank founder and CEO Masayoshi Son says he will not retire anytime soon, but he has already named a likely successor -- a man who seems equally comfortable striking big investment deals and mingling with Hollywood celebrities. Nikes

    May 21, 2015 12:00 am JST
  • Modi reaches out to China's future elite

    SHANGHAI -- Indian Prime Minister Narendra Modi used his visit to Shanghai to encourage China's business elite to put their money in their southern neighbor. He also took pains to cultivate China's future leaders. "We are very keen to develop th

    May 21, 2015 12:00 am JST
  • Will hometown diplomacy narrow trade gap?

    NEW DELHI -- In a rare departure from tradition, China's President Xi Jinping hosted Indian Prime Minister Narendra Modi in his hometown of Xian. The gesture follows Xi's September visit to India, during which he was greeted by Modi in his home stat

    May 21, 2015 12:00 am JST
  • Xi charms Modi with Chinese hospitality

    BEIJING -- Chinese President Xi Jinping offered Indian Prime Minister Narendra Modi an exceptionally warm welcome on his first official visit to China, hoping to build friendly relations with a country quickly becoming a regional rival. Chinese

    May 21, 2015 12:00 am JST
  • Indian baby care market heats up as Dabur marches in

    NEW DELHI/MUMBAI -- Dabur India is eyeing a bigger slice of the $14 billion baby care market in the country, where Johnson & Johnson, Procter & Gamble, and Nestle India are among the key players. Dabur, a natural health care company established

    May 21, 2015 12:00 am JST
  • The face of SoftBank's future

    TOKYO -- SoftBank founder and CEO Masayoshi Son says he will not retire anytime soon, but he has already named a likely successor -- a man who seems equally comfortable striking big investment deals and mingling with Hollywood celebrities. Nikes

    May 21, 2015 12:00 am JST
  • Raj Kumar Sharma: India needs to be patient as Ghani gambles on Pakistan

    Afghan President Ashraf Ghani paid his first visit to India April 27-29, seven months after being elected to head the war-torn country and having already visited China, the U.S., Pakistan and Saudi Arabia. Power changed hands in both India and Afgha

    May 21, 2015 12:00 am JST
  • Reliance Communications, Indosat

    Facebook's initiative for free access brings Asian players, controversy

    JAKARTA/ NEW DELHI -- Facebook is tapping Asian telecommunication and Internet companies in a push for better web accessibility in the region via its Internet.org platform, but is attracting critics along the way. With nearly 1.5 billion users a

    May 20, 2015 11:00 pm JST
  • 'Conquest' car

    Renault hopes to gain momentum in India with new hatchback

    CHENNAI, India -- Renault plans to move into India's compact segment by rolling out an 800cc hatchback in the latter half of this year, the French automaker said Wednesday. The Kwid will be a "conquest" car to strengthen Renault's presence in In

    May 20, 2015 10:03 pm JST