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  • India shares fall for third straight day as investors book profit

    MUMBAI (NewsRise) -- Indian shares fell for a third consecutive day on Monday as weak regional markets and lack of domestic cues prompted investors to book profits after the stock indices surged to record highs last week.The BSE Sensex index fell 0.

    April 10, 2017 09:31 pm JST
  • Sembcorp wins bid for new India wind power project

    SINGAPORE -- Singapore's Sembcorp Industries announced on Monday that it had won a bid for a new wind power project in India, as it seeks to strengthen its market share in the country's power market.Sembcorp will own and develop the new Indian wind

    April 10, 2017 08:22 pm JST
  • A fairer outlook for darker skin in India

    NEW DELHI -- In India, a country where multiple shades of skin color are common, 'fairness' has long been considered the epitome of beauty for many. At times dark skin is talked about in terms of something that needs to be fixed, an aberration. But

    April 10, 2017 07:00 pm JST
  • Company in Focus

    Maruti Suzuki wants the world, starting with rural India

    MUMBAI In 2016, India ranked fifth in global auto sales, at 3.6 million units, coming just behind Germany. A big chunk of those sales came from Maruti Suzuki India, which sold 1.4 million cars to grab about 40% of the domestic market. A local unit

    April 10, 2017 05:30 pm JST
  • Sujeev Shakya

    In South Asia, the time has come for border economic zones

    In South Asia, connectivity is seen as the prerogative of capital cities, ignoring people who live in border areas. Instead of finding ways of improving connectivity throughout the region, summits of the South Asian Association for Regional Cooperat

    April 10, 2017 05:00 pm JST
  • India offers $5bn credit line to Bangladesh for projects, defence

    MUMBAI (Reuters) -- India offered a $4.5 billion line of credit to neighbouring Bangladesh on Saturday to help it implement projects in priority areas such as the energy sector, and a separate $500 million credit line to support defence related proc

    April 8, 2017 10:10 pm JST
  • India shares post biggest fall in 2-weeks; Reliance Industries drags

    MUMBAI (NewsRise) -- Indian shares recorded their biggest fall in more than two-weeks on Friday, dragged by Reliance Industries, as global risk appetite weakened following U.S. missile strikes on Syria.The BSE Sensex index fell 0.7%, or 220.73 point

    April 7, 2017 09:11 pm JST
  • India's Jio Infocomm scraps free Internet offer on regulator's intervention

    MUMBAI (NewsRise) -- Jio Infocomm, the wireless venture of billionaire Mukesh Ambani's Reliance Industries, has rolled back a plan to extend free data services until June after India's telecom regulator asked the company to withdraw the offer, provi

    April 7, 2017 07:34 pm JST
  • The internet poised to dethrone TV as ad king

    PALO ALTO, U.S. -- Television's reign as the dominant advertising medium appears near its end, as sellers increasingly reach out to consumers through mobile devices.The rise of smartphones provides a tailwind for spending on internet ads, which is e

    April 7, 2017 08:00 am JST
  • Expedia may accelerate hiring engineers outside US, says CEO

    SINGAPORE -- U.S. President Donald Trump's tighter limits on work visas for engineers from overseas could push Expedia, the world's largest online travel agency, to hire more aggressively outside of the U.S., according to the company's chief."To the

    April 7, 2017 12:10 am JST
  • India's Reserve Bank wary on inflation risks

    MUMBAI -- The Reserve Bank of India-led Monetary Policy Committee on Thursday decided to keep the repo rate unchanged at 6.25% as it continues to see upside risks to inflation from a probable unfavorable monsoon.However, the six-member committee inc

    April 6, 2017 11:05 pm JST
  • India shares post first fall in 3 days on profit booking after Fed minutes

    MUMBAI (NewsRise) -- Indian shares edged lower on Thursday, recording their first fall in three days, as weak regional markets following the release of the U.S. Federal Reserve's meeting minutes prompted investors to book profits. The BSE Sensex i

    April 6, 2017 09:48 pm JST
  • WhatsApp plans to enter India digital payment services

    MUMBAI (NewsRise) -- Facebook's WhatsApp messaging service plans to enter digital payments in India, where it will take on Alibaba Group Holding-backed digital wallet company Paytm that has added millions of customers following a government push to

    April 6, 2017 09:12 pm JST
  • Nikkei Asia300 Index slips on Fed minutes, China-US meeting nerves

    HONG KONG (Nikkei Markets) -- Asian stocks fell Thursday amid concerns the U.S. Federal Reserve will soon consider shrinking its balance sheet, and as caution ahead of a key meeting between U.S. and Chinese presidents kept investors on the sidelines

    April 6, 2017 08:25 pm JST
  • Japan's OSG to sell water purifiers in India

    OSAKA -- Japan's OSG is set to market its home-use water purifiers in India.The company expects demand for cleaner water will grow among increasingly health-conscious wealthy Indians as the country's economy takes off.Wealthy Indians are said to mak

    April 6, 2017 04:00 pm JST
  • India services PMI rises to 51.5 in March

    TOKYO -- The Nikkei India Services Purchasing Managers' Index, or PMI, rose to 51.5 in March from February's 50.3, marking above the 50.0 no-change level for the second month in a row.A reading above 50 indicates economic expansion, while a reading

    April 6, 2017 02:00 pm JST
  • Asian growth seen slowing to 5.7% in 2017: ADB

    MANILA -- Asia will not grow as fast this year due to policy uncertainty in advanced economies and an outflow of capital, the Asian Development Bank said on Thursday.In its 2017 Asian Development Outlook, the Manila-based lender projects growth for

    April 6, 2017 10:30 am JST
  • Indian iPhone assembly is slated to start in June

    MUMBAI Apple will start assembling its iPhone SE in India in June, at the Bangalore factory of Taiwanese contract manufacturer Wistron, a reliable source told the Nikkei Asian Review. With the right tax incentives and more relaxed local sourcing reg

    April 6, 2017 10:00 am JST
  • Asia Inc. muddles through Brexit uncertainty

    TOKYO As the U.K. embarks on at least two years of negotiations to extricate itself from the European Union, Asian companies are weighing up the likely impact of Brexit on everything from banking to steelmaking. For many, the picture is not a promis

    April 6, 2017 10:00 am JST
  • Hedge funds suffer money exodus

    TOKYO -- Once wielding powerful influence on global financial markets, hedge funds are losing customers as more investors shun their high fees amid poor returns.Hedge funds tracked by Eurekahedge saw fund outflows of $60.7 billion by the end of Febr

    April 6, 2017 09:00 am JST