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  • India's Mahindra to double electric vehicle production capacity

    MUMBAI -- Indian automaker Mahindra & Mahindra will double its output capacity for electric vehicles within three months, aiming to lead the country's market for such vehicles.In 2019, the carmaker plans to roll out an electric model capable of driv

    May 25, 2017 03:33 am JST
  • Adani Enterprises profit jumps 60% on surging coal trading

    MUMBAI (NewsRise) -- Adani Enterprises, controlled by billionaire Gautam Adani, said fourth-quarter profit jumped more than 60% from a year earlier, aided by a surge in coal trading and revenue from new renewable energy projects.Consolidated net inc

    May 24, 2017 09:45 pm JST
  • India shares fall for 2nd day as weak Lupin earnings drag healthcare stocks

    MUMBAI (NewsRise) -- Indian shares fell for a second straight day on Wednesday, as healthcare stocks extended declines after drug maker Lupin posted a weaker-than-expected profit.The benchmark BSE Sensex index declined 0.2%, or 63.61 points, to 30,3

    May 24, 2017 09:22 pm JST
  • Indians give thumbs up to Chinese beauty app

    NEW DELHI -- Originally targeting China's selfie lovers and users of cut-rate, no-frills smartphones, Chinese smartphone apps are gaining popularity in overseas emerging markets such as India. Meitu's image-enhancing apps, including its popular Beau

    May 24, 2017 10:30 am JST
  • Tata Motors profit falls on forex loss, weaker India truck sales

    NEW DELHI (NewsRise) -- Tata Motors Ltd. reported a 17% drop in consolidated fourth-quarter net profit as a foreign currency loss and a wider deficit at its Indian operations outweighed higher sales of Jaguar Land Rover luxury vehicles.Profit at the

    May 23, 2017 11:45 pm JST
  • India shares edge higher as consumer makers jump on bets of lower taxes

    MUMBAI (NewsRise) -- Indian shares ended marginally higher on Monday, as cigarette-maker ITC led gains in consumer goods makers amid hopes taxes on their products would decline under a new taxation regime expected to kick-off from July 1.The benchma

    May 23, 2017 09:51 pm JST
  • Indians seek corporate job security as startup dreams fade

    BANGALORE -- A couple of years ago, Amit Khandelwal quit his job at a multinational corporation to join Snapdeal, an online retailing startup. "I went to work for a startup because the job was more challenging, the pay was higher and the title was f

    May 23, 2017 09:45 pm JST
  • Sreeram Chaulia

    Cyberattacks send a wakeup call to Asia

    The WannaCry malware unleashed on May 12 that locked up over 300,000 computer systems in 150 countries for ransom payment signified the mother of all cyberattacks in its geographic sway and sophistication. It unveiled a new era of hyper-globalized t

    May 23, 2017 07:50 pm JST
  • Indian automakers say proposed tax could make hybrids unviable

    NEW DELHI (Reuters) -- Indian automakers will this week urge the government to lower a proposed sales tax on hybrid vehicles, as they fear the planned rate could make development of the technology unviable, industry sources and executives told Reute

    May 23, 2017 02:55 am JST
  • India shares edge higher as consumer makers jump on bets of lower taxes

    MUMBAI (NewsRise) -- Indian shares ended marginally higher on Monday, as cigarette-maker ITC led gains in consumer goods makers amid hopes taxes on their products would decline under a new taxation regime expected to kick-off from July 1.The benchma

    May 22, 2017 10:37 pm JST
  • GAIL India quarterly profit unexpectedly plunges on investment loss

    MUMBAI (NewsRise) -- GAIL India, the nation's largest natural gas distributor, said profit in the fourth quarter plunged to a third from a year earlier, after the company incurred a one-time loss on an investment in a joint venture.Net income for th

    May 22, 2017 10:30 pm JST
  • Taiwan's MediaTek stakes future on IoT, Indian market

    TAIPEI -- Taiwanese computer chip designer MediaTek is seeking to reinvent its future as its bottom line is sagging due to intensifying competition.Under growing pressure to reduce its dependence on Chinese smartphone makers, the company is racing t

    May 22, 2017 03:30 pm JST
  • Asia's star stocks on an upswing despite 'Trump shock'

    TOKYO -- Despite turmoil in the global financial markets over allegations of U.S. President Donald Trump's ties to Russia, stocks in emerging Asian economies, particularly India, Indonesia and the Philippines, seem to be performing as strongly as ev

    May 22, 2017 08:00 am JST
  • Asia-Pacific meeting puts Trump's trade turmoil center stage

    HANOI (Reuters) -- U.S. President Donald Trump's new trade representative held his first face-to-face meetings with some key partners on Saturday as the United States charts an "America First" policy that has upended the old global order and sparked

    May 20, 2017 03:30 pm JST
  • India sets consumer-conscious GST rates

    NEW DELHI -- India has set rates for most goods and all services ahead of the much-anticipated July 1 launch of a unified sales tax regime that Prime Minister Narendra Modi's government touts as consumer-friendly and not inflationary."Most of the wo

    May 20, 2017 04:30 am JST
  • Indian, ASEAN stocks spur Asia300 Index to record

    TOKYO -- Stellar performances by Indian and Southeast Asian stocks propelled the Nikkei Asia300 Index to a record this week.The index, which tracks over 300 promising companies in 11 Asian economies, climbed 16% since its December 2016 introduction

    May 20, 2017 02:30 am JST
  • India shares post second week of gains on earnings, new tax rates

    MUMBAI (NewsRise) -- Indian shares recorded their second straight weekly gains after ending little changed on Friday, as better-than-expected corporate earnings and lower rates proposed for several consumer products under a new tax regime helped boo

    May 19, 2017 09:26 pm JST
  • India's CE Info Systems spending big on acquisitions

    NEW DELHI - India's leading provider of digital map data, CE Info Systems, is plotting a course to increase sales fivefold in the next five years, mainly through acquisitions and tie-ups.The company, better known as MapmyIndia, wants to obtain techn

    May 19, 2017 02:50 pm JST
  • GM to drive away from Indian, South African markets

    MUMBAI -- General Motors will stop selling cars in India this year, throwing in the towel after a two-decade bumpy ride while keeping a production hub for exports to Latin America.The decision, following a comprehensive review of future plans for GM

    May 19, 2017 12:50 am JST
  • Apple to sell assembled-in-India iPhones this month in push for market share

    MUMBAI (NewsRise) -- Apple will start selling its first domestically assembled iPhone SEs in India this month, as the iconic phone maker looks to beef up its presence in the fastest-growing smartphone market in the world.Apple has a tiny market shar

    May 18, 2017 09:11 pm JST