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  • India shares fall for 2nd day as investors await local election results

    MUMBAI (NewsRise) -- Indian shares fell for a second straight day on Wednesday, as investors were reluctant to place fresh bets ahead of election results in the northern state of Uttar Pradesh and next week's policy review by the U.S. Federal Reserv

    March 8, 2017 09:07 pm JST
  • Banks lead Singapore higher, Malaysia slips

    SINGAPORE (NewsRise) - Shares in Singapore rose Wednesday, as heavyweight lenders tracked an advance in U.S. Treasury yields ahead of a near-certain Federal Reserve rate increase. Malaysia shares edged lower following losses on Wall Street.Singapore

    March 8, 2017 08:29 pm JST
  • Asian PMI readings paint a mixed picture

    TOKYO -- Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point fro

    March 8, 2017 05:00 pm JST
  • Mitsui Chemicals to build another Indian plastics plant

    TOKYO -- Mitsui Chemicals will construct a factory in northwestern India to produce polyurethane for car seats as early as 2019, aiming to solidify its foothold in a country where automobile production is forecast to grow 7% annually.The new facilit

    March 8, 2017 03:00 am JST
  • India shares fall from 2-year highs as investors book profits

    MUMBAI (NewsRise) -- Indian shares fell Tuesday, retreating from two-year highs, as investors took profits in select index heavyweights, while awaiting results of elections in the northern state of Uttar Pradesh.The benchmark BSE Sensex declined 0.2

    March 7, 2017 09:10 pm JST
  • India expresses concerns after US hate crimes

    NEW DELHI -- Prime Minister Narendra Modi's government has expressed deep concerns over a string of attacks on Indians living in the U.S., a trend that has raised particular worries amid President Donald Trump's America-first rhetoric.In a span of l

    March 7, 2017 03:10 am JST
  • Alibaba, SAIF Partners pump $200m into India's Paytm E-Commerce

    MUMBAI -- Chinese e-commerce powerhouse Alibaba Group Holding and venture fund SAIF Partners are investing a total of about $200 million to help India's Paytm E-Commerce boost its domestic presence against such majors as Amazon of the U.S. and Flipk

    March 7, 2017 01:30 am JST
  • Ritesh Kumar Singh

    India's IT companies must look for new growth drivers

    India's information technology companies are facing unprecedented challenges from narrowing profit margins and U.S. President Donald Trump's restrictive immigration policies. To survive in this new world, they should look at business areas such as c

    March 7, 2017 12:00 am JST
  • India shares rise to two-year highs; Reliance Industries extends gains

    MUMBAI (NewsRise) -- Indian shares rose to a two-year high on Monday, outperforming regional markets, as Reliance Industries extended gains amid optimism its telecom business would make profits sooner than expected.Bets that Prime Minister Narendra

    March 6, 2017 09:32 pm JST
  • Modi faces growing pressure from Hindu nationalist group

    NEW DELHI -- Local assembly elections are being held in five Indian states, giving voters the first opportunity to deliver their verdicts on Prime Minister Narendra Modi's performance since his surprise move to ban the country's largest denomination

    March 6, 2017 02:25 pm JST
  • India moves to improve road traffic safety

    MUMBAI -- India's poor road traffic safety record has suffered even more as its car market has grown rapidly in recent years. The country has the largest number of fatal car accidents in the world, and India is finally beginning to take serious acti

    March 5, 2017 01:00 pm JST
  • Crunch year for Indian soccer

    KUALA LUMPUR -- This is an important year for Indian soccer. Talks are under way on a merger of the two main domestic leagues, the country will host the Under-17 World Cup, national club champion Bengaluru FC is about to start its Asian Football Con

    March 5, 2017 11:00 am JST
  • Tata group's Indian Hotels to focus on luxury operation

    NEW DELHI -- Indian Hotels, a company at the center of leadership battles at Tata group, is shifting its focus to high-end accommodation in a bid to tackle chronic low profitability.The company, part of India's biggest conglomerate, operates 100 hot

    March 4, 2017 04:00 pm JST
  • India shares snap five weeks of gains on Fed rate hike bets

    MUMBAI (NewsRise) -- Indian shares recorded their first weekly decline in six weeks, as increasing bets of an interest rate increase by the U.S. Federal Reserve this month weighed on demand for regional risk assets.The benchmark BSE Sensex declined

    March 3, 2017 09:11 pm JST
  • India's GDP growth appears 'too good to be true'

    NEW DELHI -- India's robust official growth figures are being questioned even by some related to the country's ruling party, as they appear too inconsistent with the sluggish consumption following last year's demonetization.The Central Statistics Of

    March 3, 2017 02:30 pm JST
  • India services PMI returns to expansion in February

    TOKYO -- The Nikkei India Services Purchasing Managers' Index, or PMI, rose to 50.3 in February from January's 48.7, marking above the 50.0 no-change level for the first time since October.The latest figure shows businesses are recovering from the d

    March 3, 2017 02:00 pm JST
  • Japan's YKK to take on Chinese rivals in low-end zipper segment

    TOKYO -- In a stark contrast to most Japanese companies' modus operandi, zipper behemoth YKK is looking to expand into the low-end market segment to compete with Chinese rivals head on.Chairman and CEO Tadahiro Yoshida revealed the goal of spending

    March 3, 2017 06:30 am JST
  • DLF to sell stake in unit to Singapore's GIC as India cash crunch dents real estate

    MUMBAI (NewsRise) -- DLF, India's biggest real estate developer, is close to selling a 40% stake in its office assets arm to a unit of Singapore's sovereign wealth fund GIC in a deal that could be worth as much as $2 billion.The company's audit pane

    March 2, 2017 10:25 pm JST
  • India shares fall from near-two-year highs as ITC, HDFC Bank decline

    MUMBAI (NewsRise) -- Indian shares fell Thursday, retreating from near-two-year highs, as investors sold some index heavyweight stocks to take profits from the record high prices hit last month.The benchmark BSE Sensex declined 0.5%, or 144.70 point

    March 2, 2017 10:13 pm JST
  • Tata's Jaguar Land Rover posts record February sales in U.S.

    MUMBAI (NewsRise) -- Jaguar Land Rover, the luxury automaker owned by India's Tata Motors, said U.S. sales jumped 16% in February to a record for the month, helped by rising demand for new Jaguar models F-PACE and XE.Jaguar Land Rover sold a total o

    March 2, 2017 08:03 pm JST