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  • Reliance, state-run banks boost Indian shares ahead of Fed

    MUMBAI (NewsRise) -- Indian shares edged higher Wednesday, helped by a jump in heavyweight Reliance Industries after its telecom unit reported upbeat subscriber additions for April and as state-run lenders jumped on hopes of consolidation in the sec

    June 14, 2017 09:26 pm JST
  • Nokia takes aim at India's mid-priced smartphone market with 3 Android models

    MUMBAI (NewsRise) -- Finnish brand Nokia is wading into the crowded Indian smartphone market, pitting itself against established names such as Samsung and the many Chinese handset makers that dominate the mid-priced segment.Finland's HMD Global, whi

    June 14, 2017 08:09 pm JST
  • Juzhong Zhuang

    Responding to income inequality in Asia

    The news on inequality is both good and bad. While global income disparity has narrowed significantly over recent decades thanks to robust economic growth in many low- and middle-income economies, gaps within countries have widened significantly.In

    June 14, 2017 01:30 pm JST
  • Major defense deal still eludes Japan

    TOKYO -- Japan is struggling to find a winning formula for its defense exports, as evidenced by drawn-out negotiations with India over the sale of its amphibious US-2 aircraft.Tokyo has long hoped to sign a contract for the search and rescue seaplan

    June 14, 2017 12:23 pm JST
  • India's Infosys sees activist shareholders as a risk

    MUMBAI -- India's second largest software services exporter Infosys has identified "activist shareholders," as one of the potential risks to the company's execution of strategic plans and has warned investors that uncertainties could impact share pr

    June 13, 2017 10:50 pm JST
  • Technology slump shaves off Indian shares early gains

    MUMBAI (NewsRise) -- Indian shares ended little changed as weakness in information technology majors eroded early gains stemming from hopes of a rate cut at home after inflation eased to a fresh record low.The benchmark BSE Sensex index added 0.03%

    June 13, 2017 09:27 pm JST
  • India's drugmakers squeezed as generics weaken, specialty drugs yet to take off

    MUMBAI (NewsRise) -- As sales in key export markets dwindle, India's top drugmakers are under pressure to transform their product portfolio, a process that is proving painful for the companies as well as for investors.Not only are profits from the m

    June 13, 2017 08:10 pm JST
  • Chaitanya Kalbag

    Fight over interest rate policy exposes India's economic vulnerabilities

    While India swelters in record high June temperatures, senior officials in Prime Minister Narendra Modi's government are sweating for another reason. The heat is coming from a debate over whether the country is poised for a V-shaped recovery after l

    June 13, 2017 02:30 pm JST
  • Comment

    Vultures circle over Asia as corporate debt piles up

    TOKYO -- Pessimism about China's economy prevailed among financial industry folks from various parts of Asia who recently gathered in Hong Kong. A focal point of their discussion was whether China will follow a once-thriving Japan that now refers to

    June 13, 2017 02:00 pm JST
  • Exclusive

    SoftBank engineers integration of India's Snapdeal, Flipkart

    TOKYO -- SoftBank Group has reached a broad agreement to combine Flipkart, India's top e-commerce company, with third-ranked Snapdeal to more effectively take on rapidly encroaching American titan Amazon.com.The Japanese telecommunications company,

    June 13, 2017 02:00 am JST
  • SoftBank wields M&A to carve out foothold in growth markets

    TOKYO -- SoftBank Group's deal to combine Indian e-retail affiliate Snapdeal and local peer Flipkart is just one example of the Japanese technology giant's use of mergers and acquisitions to fortify its position in growing markets worldwide.Snapdeal

    June 13, 2017 02:00 am JST
  • South Asia pushes Gulf nations to resolve Qatar crisis

    NEW DELHI -- South Asian countries are demanding a quick resolution to the deepening crisis in Qatar, concerned about their migrant workers in the gas-rich Persian Gulf nation after Saudi Arabia and its allies cut diplomatic and economic ties last w

    June 13, 2017 01:38 am JST
  • India shares fall on weak regional clues; Tata Motors leads

    MUMBAI (NewsRise) -- Indian shares ended lower Monday, tracking weakness across regional markets, with Tata Motors leading losses after disappointing May auto sales.Caution ahead of a near-certain U.S. Federal Reserve rate increase this week also we

    June 12, 2017 09:25 pm JST
  • India's steel imports rise first time in 14 months in May, profit fears revive

    MUMBAI (NewsRise) -- India's steel imports rose for the first time in 14 months in May as global prices continued to fall, a worrisome sign for domestic producers of the alloy that have barely recovered from a slump.The concern is that Indian produc

    June 12, 2017 09:00 pm JST
  • India goes digital to tackle 'black money'

    NEW DELHI -- If you're in India and spending more than a few thousand dollars in cash, be prepared to pay a steep penalty for your actions.In March, the government of Prime Minister Narendra Modi capped cash transactions at 200,000 rupees ($3,102),

    June 10, 2017 03:00 pm JST
  • State Bank of India improving credit lines for farmers

    NEW DELHI -- In Asawta, a village in the northern state of Haryana, about 100 farmers showed up one evening in early June to listen intently to what some State Bank of India (SBI) officials had to tell them about various agricultural credit schemes.

    June 9, 2017 09:48 pm JST
  • India shares gain on lingering bets of rate cut in coming months

    MUMBAI (NewsRise) -- Indian shares rose Friday as investors bet that slowing economic growth and cooling inflation would give room for the nation's Monetary Policy Committee to lower interest rates in coming months.The benchmark BSE Sensex index gai

    June 9, 2017 09:40 pm JST
  • India car sales hit a slow track in May as Toyota, VW dispatches fall

    NEW DELHI (NewsRise) -- Passenger vehicle sales in India grew at the slowest pace this year in May as robust demand for Maruti Suzuki India and Honda cars were offset by weaker sales at Toyota and Volkswagen.A total of 251,642 cars, sport-utility ve

    June 9, 2017 08:29 pm JST
  • India's cellphone makers struggle to keep up with huge growth

    MUMBAI -- When Micromax Informatics hired Hollywood star Hugh Jackman as its brand ambassador in October 2013, India went into a frenzy. An affordable local brand hiring a global A-lister showed the company had made the big time.By 2015, Micromax ha

    June 9, 2017 02:00 pm JST
  • Lavina Lee

    Turnbull speaks truth to Beijing on South China Sea

    Australian Prime Minister Malcolm Turnbull highlighted the dilemmas facing so-called "middle power" countries in his most significant address on regional affairs at the Shangri- La Dialogue meeting in Singapore of top defense officials.Some of what

    June 9, 2017 12:00 pm JST