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  • Dr. Reddy's stock slumps as US FDA finds violations at India drug plant

    MUMBAI (NewsRise) -- Shares of Dr. Reddy's Laboratories lost about 3.9% in two days after the U.S. drug regulator observed repeated violation of manufacturing norms at one of its plants, prompting several brokerages to cut earnings outlook for India

    March 22, 2017 09:23 pm JST
  • Coking coal prices recover on China output cuts

    TOKYO -- Prices of coking coal -- a key input for the production of steel -- have stopped falling amid speculation that Chinese production cuts will ease the supply glut.On March 6, China's National Development and Reform Commission, an agency overs

    March 22, 2017 05:50 pm JST
  • Sujeev Shakya

    Hindu nationalism could hinder modern development

    On March 19, Nepal's Rastriya Prajatarntra Party, which represents former royalists in what used to be the world's only Hindu monarchy, offered an amendment to remove the word "secular" from the constitution. This came just two days after India's ru

    March 22, 2017 03:00 pm JST
  • Sreeram Chaulia

    How Asia can reckon with Trump's assault on trade

    In a rare moment since its anointment in 2008 as the steering body for global economic governance, the Group of 20 nations has lost clarity of vision. It is staring at a confused horizon, muddled by the disruptive economic nationalism of U.S. Presid

    March 22, 2017 02:05 pm JST
  • Berkshire's Lubrizol to buy another 24% in India unit from state

    NEW DELHI -- Lubrizol Corp., a specialty chemicals company owned by billionaire Warren Buffett's Berkshire Hathaway, is increasing its stake to 74% in a joint venture with state-run Indian Oil.Lubrizol announced its intention on March 20, days after

    March 21, 2017 10:41 pm JST
  • India shares edge lower as private banks slip, Avenue Supermarts surges on debut

    MUMBAI (NewsRise)--Indian shares ended marginally lower Tuesday as top private lenders declined after a Morgan Stanley ratings downgrade.Shares of Avenue Supermarts, owner of retail store chain D-Mart, soared at their debut Tuesday after the company

    March 21, 2017 09:16 pm JST
  • India air passenger traffic growth slows in February as fares rise

    MUMBAI (NewsRise) -- Airline passenger traffic growth in India fell below 20% for the first time in 13 months in February, as fare increases and end of a peak travel season damped demand in the world's fastest growing aviation market.The number of p

    March 21, 2017 06:27 pm JST
  • Modi cabinet clears GST legislation hurdle

    NEW DELHI -- India's long overdue goods and services tax, which is intended to unify the country within a common market, is due to finally roll out on July 1.The cabinet of Prime Minister Narendra Modi on Monday approved four pieces of legislation r

    March 21, 2017 02:41 am JST
  • Idea Cellular, Vodafone to merge to take India's top telecoms spot

    MUMBAI -- In a consolidation of two telecom giants, Vodafone India and Idea Cellular have decided to merge their operations in India to take on increasingly tough competition as well as sustain the pricing pressure on margins in the near term.Togeth

    March 20, 2017 11:57 pm JST
  • India shares post first fall in 3 days as stronger rupee hurts software stocks

    MUMBAI (NewsRise) -- Indian shares fell for the first time in three days on Monday amid concerns a strengthening rupee would hurt software exporters. Idea Cellular plunged after announcing a merger with Vodafone's India unit.The benchmark BSE Sensex

    March 20, 2017 09:14 pm JST
  • Ritesh Kumar Singh and Prerna Sharma

    Election victories no guarantee of reform from India's Modi

    After a series of spectacular wins in India's recent state elections, notably in Uttar Pradesh, the most populous state, supporters of Prime Minister Narendra Modi would like to pass off the result as a vote of confidence in demonetization. They hav

    March 20, 2017 01:00 pm JST
  • Japanese software developer mines talent in Europe, Russia

    TOKYO -- Japanese software developer Works Applications is recruiting professionals in the artificial intelligence field from northern Europe and Russia in its quest to secure leading international talent.Works Applications will hold informational s

    March 20, 2017 04:30 am JST
  • India's Adani to finalize Australia coal investment plan by June

    MUMBAI (Reuters) -- India's Adani Enterprises said it would finalize an investment decision by June for its Carmichael coal project in the northern Australian state of Queensland, which has been delayed due to protests from environmental groups.For

    March 19, 2017 03:36 pm JST
  • Paytm launches payment app in Canada

    MUMBAI -- Paytm, the Alibaba-backed financial technology startup from India run by One97 Communications, has launched its bill-payment app in Canada as a first step in an ambitious global expansion plan."This is just the beginning," Paytm's blog sai

    March 18, 2017 02:06 am JST
  • India shares post best weekly gains in seven weeks on BJP win, Fed stance

    MUMBAI (NewsRise) -- Indian shares recorded their best weekly gains in seven weeks as a decisive win by Prime Minister Narendra Modi's Bharatiya Janata party in state elections and the U.S. Federal Reserve's unchanged outlook on interest rates boost

    March 17, 2017 10:08 pm JST
  • India poised to emerge net exporter of steel as February output jumps

    MUMBAI (NewsRise) - India's steel output surged in February, helping boost exports and setting the stage for the nation to become a net exporter of the alloy for the first time in three years.Steel imports had swelled in the last two financial years

    March 17, 2017 09:01 pm JST
  • India's first bullet train project gets going

    TOKYO -- The detailed design study for India's first high-speed railway project, has formally begun.The project involves the construction of a 505 km line connecting Ahmedabad in the western state of Gujarat and the country's commercial capital Mumb

    March 17, 2017 07:00 pm JST
  • Chaitanya Kalbag

    Will Modi put his money where his mouth is?

    NEW DELHI -- Indian Prime Minister Narendra Modi won thundering approval for his bold, risk-taking style of governance with his landslide March 11 victory in recent elections in Uttar Pradesh, India's most populous state, where his Bharatiya Janata

    March 17, 2017 04:00 pm JST
  • India shares gain as Fed keeps outlook unchanged; Nifty rises to record

    MUMBAI (NewsRise) -- Indian shares rose Thursday, with the Nifty 50 index hitting a record high, as stocks across the Asian region gained after the U.S. Federal Reserve maintained its outlook for interest rate increases for the year, boosting invest

    March 16, 2017 09:25 pm JST
  • Bharti Airtel alters plan to sell stake in tower unit after stocks plunge

    MUMBAI (NewsRise) -- Bharti Airtel, India's largest mobile phone company, has dropped its plan to sell a controlling stake in unit Bharti Infratel after the mobile tower operator's shares plunged following talks of a potential merger between two of

    March 16, 2017 09:17 pm JST