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  • Indian shares little changed as bets on earnings offset selloff in bank stocks

    MUMBAI (NewsRise) -- Indian shares ended little changed after a choppy trading session on Wednesday, as expectations of stronger quarterly earnings helped offset a sell-off in some banking stocks.The benchmark BSE Sensex index gained 0.06%, or 17.47

    April 19, 2017 09:52 pm JST
  • Coal India faces price fall as fuel samples downgraded by quality watchdog

    MUMBAI (NewsRise) -- State-run Coal India said the nation's coal quality watchdog has downgraded more than a third of the samples from its mines, dealing a setback to the world's largest coal miner that is already grappling with slowing demand.Coal

    April 19, 2017 08:02 pm JST
  • Apple's India tax break request declined, for now

    NEW DELHI -- Apple's demand for tax concessions for local iPhone production has "not been accepted" by India's Finance Ministry and the matter may now be decided by a council responsible for the implementation of the country's new indirect taxation

    April 19, 2017 02:00 pm JST
  • Tata Consultancy's Q4 profit slides on weak revenue, volatile rupee

    MUMBAI -- Tata Consultancy Services, India's largest software services exporter, reported a net profit of 66.08 billion rupees ($1.02 billion) for the three months through March, down 2.5% from the prior quarter, as revenue was impacted by weakness

    April 19, 2017 03:30 am JST
  • Japanese startup, Indian students team to develop AI

    MUMBAI -- Japanese startup ExaIntelligence will research industrial applications for artificial intelligence with students from India's Andhra University, drawing upon the South Asian country's science and engineering talent as Japan faces labor sho

    April 19, 2017 03:15 am JST
  • India stocks fall to lowest in three weeks on valuation concerns

    MUMBAI (NewsRise) -- Indian shares fell to the lowest in more than three weeks as concerns over stock valuations and intensifying geopolitical tensions prompted investors to book profits in select index heavyweights.The benchmark BSE Sensex index de

    April 19, 2017 12:28 am JST
  • Venture capital investment keeps dwindling in India

    NEW DELHI -- Venture capital investment is still shrinking in India despite Prime Minister Narendra Modi's "Startup India" initiative to nurture new businesses.While venture businesses for Internet services continue to draw attention, venture capita

    April 18, 2017 07:00 am JST
  • How long can Indian shares stay decoupled from global troubles?

    SINGAPORE -- The Indian ruling party's decisive win in recent local elections has heightened hopes for structural reforms touted by Prime Minister Narendra Modi while the economy keeps ticking along, once again drawing investors' eyes to the nation'

    April 18, 2017 06:30 am JST
  • Snapchat boycott in India after alleged derogatory comments

    MUMBAI -- Snapchat is getting plenty of unwanted attention in India after a senior executive was reported to have described the country as being too poor to support the social media app's expansion.Evan Spiegel, the chief executive of Snap, which ow

    April 17, 2017 10:12 pm JST
  • India shares fall for 3rd day as investors await company earnings

    MUMBAI (NewsRise) -- Indian shares ended marginally lower on Monday, recording their third straight day of losses, as investors were reluctant to make fresh bets ahead of key company earnings.The benchmark BSE Sensex index declined 0.2%, or 47.79 po

    April 17, 2017 08:50 pm JST
  • E-wallet license in India strengthens Amazon's hand against Flipkart, Alibaba

    MUMBAI (Nikkei Markets) -- Amazon's license to launch a digital wallet in India levels its playing field with domestic rival Flipkart and with Paytm, backed by Alibaba Group Holding, as the three scramble to expand their influence by offering more s

    April 17, 2017 06:53 pm JST
  • India exporting more naphtha to Asia

    TOKYO -- India is boosting naphtha exports to Japan and other Asian markets, fueling concerns of an oversupply in the region.Japanese general trading companies are reporting that India exported around 895,000 tons of naphtha to East Asia in March, 6

    April 16, 2017 04:00 pm JST
  • India's own oil major in the works: ONGC chair

    NEW DELHI -- State-affiliated Indian energy giant Oil & Natural Gas Corp. is looking at industry peers for a government-supported integration designed to accelerate the nation's fuel development and galvanize the economy.Dinesh K. Sarraf, ONGC's cha

    April 15, 2017 02:45 pm JST
  • Indian Railway's ticketing arm among state enterprises to be listed

    NEW DELHI -- Indian Railway Catering and Tourism Corp., the nation's biggest e-commerce platform with sales of 550,000 tickets each day, is among 11 state enterprises cleared for partial privatization.The cabinet committee for economic affairs chair

    April 15, 2017 02:15 am JST
  • Suzuki to make lithium-ion batteries in India

    TOKYO -- Suzuki Motor will establish a lithium-ion battery manufacturing company in India with Toshiba and Denso by the end of the year as a step toward broadening its lineup of hybrid vehicles there.The Japanese automaker said Friday that it has re

    April 15, 2017 01:00 am JST
  • India shares fall to two-week low on lower-than-expected Infosys forecast

    MUMBAI (NewsRise) -- Indian shares fell to a more-than-two-week low on Thursday, dragged down by software stocks, as Infosys's annual revenue outlook disappointed investors.The BSE Sensex index declined 0.6%, or 182.03 points, to 29,461.45 rupees, l

    April 13, 2017 08:50 pm JST
  • Infosys FY18 guidance soft amid talk of tighter US visa regime

    MUMBAI -- India's second largest software exporter Infosys on Thursday projected revenue growth of between 6.5% and 8.5% for the financial year ending March 2018, disappointing the market, as its rupee-denominated revenue fell slightly on a sequenti

    April 13, 2017 07:11 pm JST
  • Reliance Jio's discount blitz seen shaking up India telecoms

    MUMBAI -- No end is in sight to the disruptive price war that threatens to reshape India's telecommunications sector, despite moves by the government to prevent operators from using drastic discounts to win customers.On Tuesday, less than a week aft

    April 13, 2017 04:15 pm JST
  • Too many men

    Culture and policy explain why sex ratios are skewed in Asia

    TOKYO -- Asia's recent demographic upheaval is well documented: Rapid economic development and urbanization over recent decades have pushed up life expectancy, leading to aging populations and the array of socioeconomic challenges that quickly foll

    April 13, 2017 10:00 am JST
  • Too many men

    Asia's gender imbalance is bad news for growth

    There is an unsettling statistic that bodes ill for Asia: The region has roughly 100 million more men than women, with the biggest gulfs seen in China and India. In some places, however, the imbalance skews the other way. In either case, the gender

    April 13, 2017 10:00 am JST