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  • India unveils climate target to cut energy intensity

    India has promised to make its economy more energy efficient and cut the carbon produced per unit of GDP growth by 33-35 percent by 2030 from 2005 levels in a climate-change policy statement released ahead of a U.N. summit in Paris in December.

    October 2, 2015 12:40 pm JST
  • Maruti Suzuki India

    Sales growth slows amid slumping exports

    NEW DELHI (NewsRise) -- Maruti Suzuki India's sales growth slowed for the second straight month to 3.7% in September, as the nation's largest carmaker faced slumping exports and tepid demand for its flagship smaller vehicles, tempering gains from ne

    October 1, 2015 10:14 pm JST
  • Indian market wrap

    Shares rise as risk aversion eases on China relief

    MUMBAI (NewsRise) -- Indian shares rose for the third successive session, as global risk appetite improved after manufacturing data from China was not as bad as previously anticipated. However, profit booking shaved off a chunk of the indexes' early

    October 1, 2015 09:28 pm JST
  • Infosys

    Teaming up with GE to create industrial Internet technology

    NEW DELHI (NewsRise) -- Infosys, India's second biggest software developer, and U.S. manufacturing giant General Electric are teaming up to create new technology that improves the efficiency and productivity of industrial machines, as they seek to f

    October 1, 2015 06:48 pm JST
  • China looks abroad

    'One Belt, One Road' initiative gathers steam

    BEIJING -- If recent developments in Indonesia, Turkey and Pakistan are any indication, China's ambitious plan to create a New Silk Road -- a massive economic zone spanning Asia and the Middle East -- is getting into full swing. Beijing looks

    October 1, 2015 05:00 pm JST
  • Nikkei PMI

    India's factory activity slows to 51.2 in Septmber

    TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, slowed to its seven-month low at 51.2 in September. It was 52.3 in August. A reading above 50 indicates economic expansion, while a reading below 50 points toward contra

    October 1, 2015 02:00 pm JST
  • HCL Technologies

    Software developer warns of tepid revenue amid client dispute

    NEW DELHI (NewsRise) -- HCL Technologies, an Indian software developer founded by billionaire Shiv Nadar, warned revenue growth could fall as much as $20 million for the quarter ended Sep. 30 following "differences" with one of its long-time custome

    October 1, 2015 12:06 am JST
  • For Dabur's Duggal, innovation comes naturally

    NEW DELHI -- Sunil Duggal has a knack for growth. As head of Dabur India, he has taken the maker of natural health and beauty care products from a company that generated sales of 10 billion rupees ($150 million) in 2000 to one that brings in 78 bill

    October 1, 2015 12:00 am JST
  • Post-VW auto market may leave Asian air behind

    BANGKOK -- Following revelations that Volkswagen cheated on emissions tests in the U.S., regulators around the world are pushing for stricter testing methods. Better testing will inevitably alter the rules of the game for automakers in rich countrie

    October 1, 2015 12:00 am JST
  • Modi turns on the charm for Silicon Valley visit

    SILICON VALLEY -- Casual dress is the rule for many famous tech executives in the U.S., but even they will make an exception when the stakes are high enough. Facebook CEO Mark Zuckerberg and Microsoft CEO Satya Nadella were among the information

    October 1, 2015 12:00 am JST
  • Indian market wrap

    Shares shed 5.9% in July-September

    MUMBAI (NewsRise) -- Indian shares rose for the second straight session Wednesday, but plunged 5.9% between July to September, marking the worst quarter in four years, as prospect of higher interest rates in the U.S. and China slowdown hurt global r

    September 30, 2015 10:48 pm JST
  • Tata Motors

    S&P cuts outlook on Jaguar Land Rover owner amid China slowdown

    NEW DELHI (NewsRise) -- Tata Motors, the Indian owner of Jaguar Land Rover, will take a hit this year from China's economic slowdown and higher spending at the British luxury car brand, global ratings agency Standard & Poor's said, cutting its outlo

    September 30, 2015 10:00 pm JST
  • India's Smart Cane

    An affordable device to aid mobility for the visually impaired

    NEW DELHI -- Technology experts in India, home to 12 million blind people, have come up with the "Smart Cane" -- an affordable device to help the mobility of the visually impaired. With 30% of the world's blind population in the country, the device

    September 30, 2015 09:35 pm JST
  • Housing Development Finance Corp

    Home loan providers jump on central bank's rate cut

    MUMBAI (NewsRise) -- Shares of Indian housing finance companies surged after the nation's central bank slashed interest rates by a wider-than-expected margin and proposed to lower the risk weight on housing loans, moves that will boost demand for ho

    September 30, 2015 08:50 pm JST
  • Laying down the gauntlet

    Hero MotoCorp challenges ex-partner Honda with new scooter models

    NEW DELHI/MUMBAI -- Indian motorcycle maker Hero MotoCorp has unveiled two new scooters. It aims to turn around its fortunes in the world's largest motorcycle market and challenge its former partner, Honda Motor of Japan. "I feel a sense of

    September 30, 2015 07:00 pm JST
  • Big rate cut

    Rajan to watch prices after 50 basis point bonanza

    MUMBAI -- The Reserve Bank of India on Tuesday cut its benchmark policy rate by 50 basis points to 6.75%. This might be the last incentive market players will see from the country's central bank through the end of the fiscal year. With the "front lo

    September 30, 2015 03:30 pm JST
  • Japan, U.S., India highlight need for peaceful dispute settlement

    NEW YORK (Kyodo) -- Japan, the United States and India confirmed on Tuesday the importance of peaceful settlement of disputes during their first three-way foreign ministerial talks on regional issues, including those concerning the South China Sea.

    September 30, 2015 12:49 pm JST
  • World Economic Forum report

    Japan maintains sixth place in competitiveness index

    GENEVA -- Japan guarded its place as the sixth most competitive economy in this year's World Economic Forum global index. In the competitiveness index's subcategory of basic requirements, which assesses aspects such as infrastructure and institu

    September 30, 2015 07:01 am JST
  • Propping up growth

    India cuts rates as inflation comes under control

    MUMBAI -- The Reserve Bank of India cut its policy rate by a surprisingly wide 50 basis points Tuesday as falling inflation allowed for greater policy breathing room -- a moved aimed at keeping India's economy growing despite a global slowdown and s

    September 29, 2015 11:36 pm JST
  • Indian markets wrap

    Lenders drive recovery after central bank slashes rates

    MUMBAI (NewsRise) -- Indian shares rebounded Tuesday, even as Asian markets fell sharply on fresh China growth worries, as lenders surged after the nation's central bank slashed interest rates by a wider-than-expected margin. The Reserve Bank of

    September 29, 2015 11:24 pm JST