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  • Asian bloc's expansion may widen cracks between China, Russia

    ASTANA -- The Shanghai Cooperation Organization is set to accept India and Pakistan as full members, a move intended to enhance its influence as an alternative to the West. But with core members China and Russia already on different pages, this grow

    June 9, 2017 04:57 am JST
  • Exclusive

    Xiaomi wants international suppliers to Make in India

    MUMBAI -- Xiaomi, a leading smartphone maker from China, wants its international partners to produce in India as it develops a retail presence there with its exclusive Mi Homes chain.Mainly online, the company has already become the second-largest m

    June 9, 2017 02:33 am JST
  • India shares fall, dragged by Tata Consultancy, ahead of key global events

    MUMBAI (NewsRise) -- Indian shares fell Thursday as investors were cautious ahead of key global events. Tata Consultancy Services led the declines after Nomura downgraded the stock citing expensive valuations.The benchmark S&P BSE Sensex lost 0.2%,

    June 8, 2017 09:26 pm JST
  • Modi government and central bank clash over interest rates

    MUMBAI -- Tensions are brewing between the government and the Reserve Bank of India after the monetary policy committee held key interest rates steady on Wednesday despite the administration's call for cuts.Soon after the decision by the monetary po

    June 8, 2017 07:45 pm JST
  • Indian airlines face rising costs on Qatar routes as standoff adds to flying hours

    NEW DELHI (NewsRise) -- India's airlines are grappling with inflated fuel bills and rising operational costs as a diplomatic standoff between Qatar and some of its neighbors force carriers to fly a longer route to the Gulf country, home to more than

    June 8, 2017 07:06 pm JST
  • Japan races China to secure Asian port rights

    TOKYO -- Japan and China are snapping up rights in key Asian ports as they vie for control over a shipping route that is crucial to both of their national interests.Sihanoukville Autonomous Port, a major Cambodian port operator, is floating 25% of i

    June 8, 2017 04:30 pm JST
  • India's mobile internet boom goes supersonic

    India's embrace of the mobile internet has been massive and swift.Broadband use is skyrocketing as telecom carriers and handset makers offer customers deals too sweet to ignore. In the country's rural reaches, unprecedented access to data is changin

    June 8, 2017 02:10 pm JST
  • India's mobile internet boom goes supersonic

    India's embrace of the mobile internet has been massive and swift.Broadband use is skyrocketing as telecom carriers and handset makers offer customers deals too sweet to ignore. In the country's rural reaches, unprecedented access to data is changin

    June 8, 2017 10:00 am JST
  • New tech to empower India's poor: IT minister

    The Digital India program is designed to empower every Indian, via technology, digital delivery of services, and the creation of opportunities in health care, education and many other things.For example, India's population of 1.3 billion own 1.15 bi

    June 8, 2017 10:00 am JST
  • Digital market beset by problems: Industry leader

    This stellar industry has become such a problematic sector. This started in 2012, when the government began to auction off spectrum, for which money was paid upfront, and also continued to share revenue of telecom operators, which should have stoppe

    June 8, 2017 10:00 am JST
  • Domestic 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 had m

    June 8, 2017 10:00 am 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), tig

    June 8, 2017 10:00 am JST
  • Modi pushes back against protectionism on Europe, Russia trip

    The global uncertainty unleashed by U.S. President Donald Trump has two of Asia's biggest economies going on the diplomatic offensive. For India, the aim is to fight protectionism and continue reaping the benefits of globalization. For China, it is

    June 8, 2017 10:00 am JST
  • Arvind Singhal: Indian policy mistakes threaten soaring tourism growth

    In the run-up to India's 2014 general election, the manifesto of Prime Minister Narendra Modi's Bharatiya Janata Party clearly identified tourism as a priority sector for development. On the campaign trail, Modi said his party would seek to develop

    June 8, 2017 10:00 am JST
  • Japan's nuclear export strategy struggles despite India deal

    TOKYO -- Japan's push to increase exports of nuclear technology has been cooled by Toshiba's Westinghouse problems, undercutting a pillar of Prime Minister Shinzo Abe's economic growth strategy just as a pact with India comes into effect.The Diet's

    June 8, 2017 06:26 am JST
  • India keeps key interest rate unchanged, RBI cuts inflation projections

    MUMBAI (Reuters) -- India's central bank lowered inflation projections and delivered a slightly less hawkish policy statement on Wednesday, as it left key interest rates unchanged while waiting to be more sure that inflation will stay subdued.The ch

    June 8, 2017 12:42 am JST
  • Reliance Capital plans asset management unit IPO as billionaire Ambani seeks funds

    MUMBAI (NewsRise) -- Anil Ambani-backed Reliance Capital plans to sell a 10% stake in its asset management unit through an initial public offering, marking the billionaire's latest effort to raise funds for his businesses.The board of Reliance Capit

    June 7, 2017 11:30 pm JST
  • India shares gain as MPC holds rates steady, lowers inflation projection

    MUMBAI (NewsRise) -- Indian shares rose Wednesday, as interest rate-sensitive stocks advanced after the nation's Monetary Policy Committee kept interest rates unchanged and lowered its inflation projection, prompting bets of a rate cut in coming mon

    June 7, 2017 09:35 pm JST
  • Reliance Communications shares tank after rating downgrades

    MUMBAI -- Reliance Communications shares slipped nearly 4% on Wednesday, after ratings agencies downgraded the Indian telecommunications company over concerns about liquidity and debt repayment.Fitch cut RCom's long-term foreign- and local-currency

    June 7, 2017 05:33 pm JST
  • Modi champions globalization on Europe, Russia trip

    NEW DELHI -- Indian Prime Minister Narendra Modi has resumed diplomatic activities after a six-month hiatus, visiting three Western European countries and Russia to rally support for globalization and push back against a polarized U.S.-China world o

    June 7, 2017 04:00 pm JST