Search results

Results 1 - 20 of 3087
  • Suzuki doubles down on premium autos in India as incomes rise

    TOKYO -- Suzuki Motor will more than double its high-end auto dealerships in India this fiscal year, expecting growing demand from middle-income consumers ready to upgrade from economy cars.The Japanese automaker plans to expand its Nexa dealerships

    May 3, 2016 01:00 pm JST
  • One-off gain pushes HDFC's Q4 profit up by 31%

    MUMBAI -- India's largest mortgage lender, Housing Development Finance Corp., on Monday posted a 31% year-on-year rise in net profit for the fourth quarter ended in March, due largely to a one-time gain from the sale of a stake in an insurance joint

    May 3, 2016 12:40 am JST
  • Maruti Suzuki

    Another double-digit sales gain on solid SUV demand

    MUMBAI (NewsRise) -- Maruti Suzuki India, the nation's top-selling carmaker, reported a more than 16% increase in April sales, aided by strong demand for its utility vehicles Vitara Brezza and S-Cross.Total domestic sales at the Suzuki Motor unit ro

    May 2, 2016 11:00 pm JST
  • Commentary

    Nouriel Roubini -- The global growth funk

    NEW YORK -- The International Monetary Fund and others have recently revised downward their forecasts for global growth- yet again. Little wonder: The world economy has few bright spots - and many that are dimming rapidly.Among advanced economies, t

    May 2, 2016 08:55 pm JST
  • Indian market wrap

    Shares slip as weak bank earnings weigh, regional sentiment remains tepid

    MUMBAI (NewsRise) -- Indian shares fell Monday, as financial behemoth ICICI Bank extended a post-earnings slump and a continued slide in Japanese stocks dampened global sentiment.The benchmark BSE Sensex fell 0.66% to 25,436.97 points. The index ros

    May 2, 2016 08:35 pm JST
  • Fair prospects ahead for men's grooming in India

    NEW DELHI -- For Amit Sexena, a leisurely hair cut at his local air-conditioned salon is a bimonthly ritual which he follows up with a head massage and a face wash. But this is just the start of the 32-year-old property salesman's grooming requireme

    May 1, 2016 07:00 pm JST
  • Tibetans in exile re-elect Harvard Law grad as leader

    NEW DELHI -- Lobsang Sangay has been re-elected as prime minister of the Tibetan government-in-exile amid hopes that the Harvard-educated lawyer will vigorously pursue the cause of Tibetan autonomy.Sangay was first elected in 2011, after the Dalai L

    April 30, 2016 10:00 pm JST
  • Provisioning drops ICICI Bank profit 76%

    MUMBAI -- ICICI Bank, India's largest private lender and one of its top four, has reported a 76% decline in net profit for the quarter ending in March after higher provisioning for bad loans.Net profit for the three months was 7.02 billion rupees ($

    April 30, 2016 12:25 am JST
  • Coal India steams ahead under Modi

    BANGALORE/NEW DELHI -- After years of restructuring, Coal India is finally hitting its stride, opening a mine each month and producing sufficient output to make a significant impact on import requirements. The state controlled company is one of the

    April 29, 2016 11:00 pm JST
  • Indian market wrap

    Shares slip for week after BoJ disappoints with pause

    MUMBAI (NewsRise) -- Indian shares chalked their first weekly decline in three weeks, as Bank of Japan's decision to stand pat on monetary policy and disappointing quarterly earnings from lenders dampened sentiment.The benchmark BSE Sensex eked out

    April 29, 2016 08:40 pm JST
  • Idea Cellular

    Mobile phone operator posts better-than-expected profit

    NEW DELHI (NewsRise) -- Idea Cellular, part of the diversified $41 billion Aditya Birla Group, reported a better-than-expected fourth-quarter profit, after the company pared discounts on mobile phone data and voice charges despite intense competitio

    April 29, 2016 02:56 am JST
  • Tata Steel defeated by structural disadvantages: new UK chief

    MUMBAI -- Tata Steel did not intend to shutter its U.K. subsidiary but "structural disadvantages" in the steel industry have made it unprofitable, forcing an exit, the Indian company told a British parliamentary committee Thursday.Bimlendra Jha, Tat

    April 29, 2016 12:12 am JST
  • Dabur Q4 profit up despite Nepal blockade

    NEW DELHI - Consumer goods manufacturer Dabur India on Thursday reported a 16.6% year-on-year rise in its consolidated net profit for the fourth quarter at 3.3 billion rupees ($49.6 million), backed by solid growth in key categories such as home car

    April 28, 2016 11:53 pm JST
  • Indian market wrap

    Shares slump after BoJ stands pat, derivatives expiry weighs

    MUMBAI (NewsRise) -- Indian shares recorded their biggest single-day decline in nearly three weeks Thursday, as Bank of Japan’s decision to hold off on additional monetary stimulus sparked a global selloff.Position adjustments ahead of the monthly d

    April 28, 2016 09:10 pm JST
  • Drought and debt weigh on India's farmers

    NEW DELHI/MUMBAI -- For two years now, Rathore Nagnath Ambadas, a young wheelchair-bound farmer in India's Latur district, has been waiting for rain."If this year it doesn't rain, I wouldn't know what to do," the 22-year-old said with tears in his e

    April 28, 2016 12:00 pm JST
  • Commentary

    Brahma Chellaney: Policymakers must come to grips with Asia's looming water crisis

    The record drought that is ravaging large parts of Asia will end when the annual monsoon rains come in June. This will bring much-needed relief to those suffering in parched lands -- from the millions who live in Vietnam's Mekong Delta to more than

    April 28, 2016 12:00 pm JST
  • Drought and debt weigh on India's farmers

    NEW DELHI/MUMBAI For two years now, Rathore Nagnath Ambadas, a young wheelchair-bound farmer in India's Latur district, has been waiting for rain."If this year it doesn't rain, I wouldn't know what to do," the 22-year-old said with tears in his ey

    April 28, 2016 12:00 pm JST
  • Brahma Chellaney: Policymakers must come to grips with Asia's looming water crisis

    The record drought that is ravaging large parts of Asia will end when the annual monsoon rains come in June. This will bring much-needed relief to those suffering in parched lands -- from the millions who live in Vietnam's Mekong Delta to more than

    April 28, 2016 12:00 pm JST
  • Bharti Airtel profit beats expectations on new India mobile phone subscribers

    MUMBAI (NewsRise) -- Bharti Airtel, India's biggest mobile phone operator, reported a better-than-expected 3% rise in fourth-quarter profit, as addition of new subscribers and increased data usage boosted revenue growth. Consolidated net income

    April 28, 2016 03:33 am JST
  • Bharti Airtel's profit buoyed as Africa operations, margins improve

    MUMBAI -- India's largest telecommunications company, Bharti Airtel, reported better-than-expected earnings for the quarter ended in March, supported by healthy growth in operating margins as well as voice and data revenues. Consolidated net pro

    April 28, 2016 02:36 am JST