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  • India's rapid growth

    Changes in urban slums could boost national income

    SINGAPORE -- Mumbai is mixture of contrasting lifestyles. The major Indian business hub is filled with skyscrapers filled with global companies and large banks while also being home to numerous slums. The nation's recent economic growth has also

    March 29, 2015 01:00 pm JST
  • Bajaj Auto

    Motorcycle maker goes its own way in India

    MUMBAI -- Bajaj Auto is betting on new models to drive up its share of India's motorcycle market. The motorcycle maker in January unveiled the Platina ES and in February reintroduced the CT 100. On Thursday, it debuted the Pulsar RS 200, Bajaj A

    March 28, 2015 08:00 pm JST
  • Sharma and Singh

    Indian companies must do more to retain women employees

    Women account for only 9% of mid- to senior-level employees in Indian companies, 5% of board-level positions and less than 1% of CEOs. Only a little more than 30% of university educated women are working, compared with 81% in China. More than ha

    March 28, 2015 01:00 pm JST
  • Demands of the Asian consumer

    Japanese audio gear makers adjusting to diverse markets

    OSAKA -- Japan's consumer electronics makers are trying to better match their music gear to the diverse needs and preferences of Asians. Onkyo plans to release two new speakers in April for China. One pair of speakers has been designed for subsc

    March 28, 2015 01:00 pm JST
  • Grasim Industries

    Indian fiber company commissions 120,000-ton viscose plant

    MUMBAI -- Grasim Industries, a leading maker of viscose staple fiber, has fully commissioned a 120,000-ton-per-year plant at Vilayat, in India's western state of Gujarat. The plant will augment Grasim's production capacity to 498,000 tons of the f

    March 27, 2015 07:45 pm JST
  • Opinion & Analysis

    Indian foreign policy under Modi: The old order gives way

    Since his election last May, Indian Prime Minister Narendra Modi has conducted a dramatic makeover of Indian foreign policy. Modi is able to act boldly thanks to his Bharatiya Janata Party-led National Democratic Alliance government's commanding maj

    March 27, 2015 07:00 pm JST
  • NTPC

    Indian power company issues shareholders $1.64 billion in debentures

    NEW DELHI -- NTPC, an Indian power company, has issued bonus debentures of 103 billion rupees ($1.64 billion) to shareholders, the first time a state-run company has ever made such a move. The debentures carry a coupon rate of 8.49%, payable ann

    March 27, 2015 06:59 pm JST
  • Buoying Hindalco

    Indian aluminum group's US unit expects more auto-sector orders

    MUMBAI -- India's Hindalco Industries is locked in an ongoing legal tussle over domestic coal rights, but the performance of U.S.-based aluminum subsidiary Novelis is bringing some cheer. Hindalco, one of Asia's largest primary aluminum produc

    March 27, 2015 03:00 pm JST
  • Microfinance in India

    Rural lenders making a comeback

    KOLKATA -- In India, microfinance, or the lending of small sums to businesses with limited access to traditional financing, is flourishing again after surviving a government crackdown three years ago that almost killed it off. "We are probably s

    March 27, 2015 01:00 pm JST
  • Tata Power

    Indian electricity company completes financing for hydro project in Georgia

    MUMBAI -- Indian electricity company Tata Power has completed the financing for its 187 MW hydroelectric joint venture project on the Adjaristsqali river in Georgia. The International Finance Corporation, Asian Development Bank, and European Bank

    March 26, 2015 10:03 pm JST
  • India Internet

    Student helps topple controversial law

    NEW DELHI -- In a landmark judgment following a petition filed by a young law student, India's supreme court has struck down a "draconian" law that led to the arrests of several people for posting online comments deemed offensive by the authorities.

    March 26, 2015 08:48 pm JST
  • Shandong Ruyi

    China textile maker ready for 'new normal'

    BEIJING -- China is getting used to what its top government official called a "new normal." At the latest annual National People's Congress, the official cut the nation's growth target by 0.5 percentage point compared with a year earlier to 7%. Dou

    March 26, 2015 07:00 pm JST
  • Sesa Starlite

    Indian natural resources developer plans name change

    MUMBAI -- Sesa Sterlite, a major natural resources developer and the core company of India's Vedanta group, wants to adopt "Vedanta" as its name. The company intends to obtain shareholder approval to make the change. Sesa Sterlite was created in

    March 26, 2015 05:00 pm JST
  • Taxes made simple

    Malaysia, India gear up for GST

    NEW DELHI -- After years of delay, Malaysia and India are taking decisive steps toward overhauling their tax systems. The two countries hope the introduction of a goods and services tax will boost economic growth while simplifying taxation procedur

    March 26, 2015 01:00 pm JST
  • Generic-drug giant born

    Sun Pharma wraps up Ranbaxy deal

    MUMBAI -- Indian drugmaker Sun Pharmaceutical Industries said Wednesday that it has completed its absorption of compatriot Ranbaxy Laboratories and plans to boost its R&D budget to $500 million in fiscal 2016 from the $300 million planned this fisca

    March 26, 2015 01:09 am JST
  • Sun Pharma stock swap

    Daiichi Sankyo eyes valuation gain in Ranbaxy deal

    TOKYO -- Japan's Daiichi Sankyo expects a valuation gain of about 340 billion yen ($2.81 million) from offloading subsidiary Ranbaxy Laboratories to India's Sun Pharmaceutical Industries, according to a Wednesday announcement. The gain comes fro

    March 26, 2015 01:01 am JST
  • Twitter in India

    Even offline mobile device users can get Modi's tweets

    NEW DELHI -- Twitter has launched a service as part of Prime Minister Narendra Modi's Digital India initiative that will allow mobile device users to receive government tweets even when offline.Twitter Samvad - Samvad means dialogue in Hindi -- was

    March 26, 2015 01:00 am JST
  • Frederic Neumann: Infrastructure needed in emerging Asia

    Governments are understandably reluctant to splurge. Europe provides a powerful reminder that burgeoning public debt can lead to severe financial headaches over time. But being overly cautious on spending creates problems too. This is particular

    March 26, 2015 12:00 am JST
  • Modi government aims to turn idle gold into cash

    NEW DELHI -- India, the world's top buyer of gold, is estimated to have more than 20,000 tons of the precious metal lying idle in its households. Seeking to tap this untraded gold and reduce imports, the government has announced a new monetization i

    March 26, 2015 12:00 am JST
  • Chinese companies keen on India

    TOKYO -- Border friction and other disagreements used to get in the way of economic and business ties between India and China. But since Narendra Modi became prime minister and started waving his "Make in India" banner, companies on both sides have

    March 26, 2015 12:00 am JST