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  • Interview

    India's chief economic adviser sounds warning bell on China

    HONG KONG -- The rivalry between Asia's two powerhouses -- China and India -- could be one of the most hotly debated topics of our time, one that grows still more interesting through the lens of a senior government official.When asked for his view o

    March 30, 2017 03:20 am JST
  • India shares end higher for second day amid robust foreign buying, banks lead

    MUMBAI(NewsRise)--Indian shares ended higher for a second session Wednesday amid ongoing overseas inflows, and as lenders extended gains on hopes New Delhi is close to announcing measures to help tackle rising bad debt.The benchmark BSE Sensex index

    March 29, 2017 09:07 pm JST
  • Asian companies muddle through Brexit uncertainty

    TOKYO -- Nine months after it voted in a referendum to leave the European Union, the U.K. on Wednesday formally notified the EU that it is breaking away from the single market. Next up ... at least two years of negotiations toward the exit.A chief c

    March 29, 2017 09:00 pm JST
  • Indian software companies fund stock buybacks as acquisitions remain scarce

    MUMBAI (NewsRise) -- As their share prices fall, India's cash-rich software exporters are rushing to buy back their own stock rather than investing in new technologies or buying other companies, a trend that's underlining concerns about the future o

    March 29, 2017 05:01 pm JST
  • India shares end higher on Asian cues,private lenders gain

    MUMBAI(NewsRise)--Indian shares ended higher Tuesday, recovering most of the previous session's losses, as a rebound in regional indices and sustained purchases by foreign investors lifted demand for index blue chip stocks.The benchmark BSE Sensex i

    March 28, 2017 09:00 pm JST
  • Bharti Airtel sells 10.3% of tower unit to KKR-Canada Pension Plan combine

    MUMBAI (NewsRise) -- India's Bharti Airtel has sold a 10.3% stake in its tower unit to a consortium for 61.94 billion rupees ($952 million) as the country's largest mobile phone company seeks to trim its staggering debt.The consortium, backed by pri

    March 28, 2017 07:59 pm JST
  • Feeling the heat in smartphones, India's Micromax cranks up A/C

    MUMBAI -- Micromax Informatics, India's biggest homegrown smartphone company, is leaping into home appliances to lock up new revenue sources. It has little choice: Foreign competitors are steadily gobbling up its share of the domestic handset market

    March 28, 2017 06:00 pm JST
  • Brazil meat scandal opens way for Aussie beef in China

    SYDNEY -- Brazil's tainted beef scandal looks to be almost over with China lifting its import ban, but a new meat agreement between China and Australia offers Australian beef exporters a chance to reclaim market share lost to the South American coun

    March 28, 2017 04:20 pm JST
  • Motherson Sumi buys Finnish auto component maker PKC for $620 million

    NEW DELHI -- Continuing with its overseas acquisitions, Indian auto parts major Motherson Sumi Systems on Monday announced it has completed the buyout of Finland-based PKC Group for around 571 million euros ($620 million).This is MSSL's 16th acquisi

    March 27, 2017 10:40 pm JST
  • India shares fall on US policy woes, Reliance Industries leads

    MUMBAI (NewsRise)--Indian shares fell the first time in three sessions Monday, as risk sentiment wavered after the failure of U.S. President Donald Trump's healthcare bill raised concern about the prospects of his economic agenda.The benchmark BSE S

    March 27, 2017 09:27 pm JST
  • Xiaomi to boost smartphone manufacturing in India

    MUMBAI (NewsRise) - Chinese smartphone maker Xiaomi plans to expand manufacturing of its handsets in India, as it aims to challenge the dominance of Samsung Electronics in the world's fastest-growing phone market.Xiaomi, which entered India in July

    March 27, 2017 08:13 pm JST
  • Sumitomo Electric, Siemens join forces in grid business

    OSAKA -- Japan's Sumitomo Electric Industries and German industrial group Siemens landed their first joint contract for power grid equipment in India and will partner on bids for similar electrical infrastructure projects around the world, the compa

    March 27, 2017 11:40 am JST
  • Microinsurance closes gaps in social safety nets

    TOKYO "I was very worried [about the hospital bill] because my father was in [intensive care] for a long time," said Sheryl Tan, recalling the two painful months leading up to her father's death last year. "So I was relieved when I heard that Medi

    March 26, 2017 04:30 pm JST
  • Insurers help to pay for Asia's infrastructure needs

    BANGKOK -- A recent $150 million refurbishment of two decades-old geothermal power plants on the Philippine island of Luzon may sound like just another project aimed at overcoming the country's severe electricity shortages. But, for Asia's insurance

    March 26, 2017 01:40 am JST
  • 5 years on, deadly riots still haunt Maruti Suzuki

    New Delhi -- Nearly five years after a deadly riot rocked Maruti Suzuki India's Manesar plant, convictions in a long-running court case were finally handed down earlier this month.A total of 148 workers had been arrested after the uprising took plac

    March 25, 2017 09:30 pm JST
  • Lexus pulls into India for showdown with German trio

    MUMBAI -- With Friday's launch in India, Toyota Motor's Lexus luxury brand challenges storied German names on new territory with environmentally friendly models.The company will create a new wave in India, said an enthusiastic Yoshihiro Sawa, a mana

    March 25, 2017 01:00 pm JST
  • India shares rise for 2nd day as banks gain on hopes of steps to tackle bad debt

    MUMBAI (NewsRise) -- Indian shares rose for a second straight day on Friday as banks rallied after Finance Minister Arun Jaitley said the government would soon announce policy measures to address rising bad debt.The benchmark BSE Sensex index gained

    March 24, 2017 10:40 pm JST
  • Accenture earnings signal tough times ahead for Indian software exporters

    MUMBAI (NewsRise) -- U.S. consulting and outsourcing company Accenture's quarterly earnings and outlook spell bad news for India's software services exporters, as the numbers underscore that a pickup in revenue growth is unlikely for them anytime so

    March 24, 2017 10:39 pm JST
  • Nikkei Asia300 Index gains on week even as Trump jitters weigh

    HONG KONG (NewsRise) -- Asian stocks managed modest gains this week, helped by advances in heavyweights after earnings, even as uncertainty about U.S. President Donald Trump's economic policies dampened sentiment.The Nikkei Asia300 Index edged 0.02%

    March 24, 2017 10:35 pm JST
  • India shares rise for 2nd day as banks gain on hopes of steps to tackle bad debt

    MUMBAI (NewsRise) -- Indian shares rose for a second straight day on Friday as banks rallied after Finance Minister Arun Jaitley said the government would soon announce policy measures to address rising bad debt.The benchmark BSE Sensex index gained

    March 24, 2017 10:25 pm JST