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  • Japan greenlights nuclear deal with India

    TOKYO -- Japan's ruling party on Wednesday pushed a nuclear cooperation deal with India through the upper house of parliament, clearing the way for Japanese exports of materials and technology to the South Asian country. The deal is contentious beca

    June 7, 2017 02:26 pm JST
  • Kansai Paint aims to cover India with 2 new plants

    OSAKA -- Kansai Paint plans to invest as much as 9 billion yen ($82.3 million) to build two factories in India, looking to boost its paint output in the country roughly 40% by 2020.India's paint market is growing more than 15% annually thanks to der

    June 7, 2017 03:00 am JST
  • India's Adani proceeds with $6.5bn Australian coal project

    MUMBAI -- Adani Enterprises gave final approval Tuesday for investment in the controversial $6.5 billion coal mine and rail project in Australia's central Queensland area, amid protests from environmentalists.Shares in Adani Enterprises jumped nearl

    June 7, 2017 02:30 am JST
  • Tata Motors Truck Division Chief Resigns Amid Falling Sales

    MUMBAI (NewsRise) -- Tata Motors said the executive director of its commercial vehicles business has resigned, as India's largest truck maker grappled with declining sales amid an industrywide slowdown.Ravindra Pisharody, also a director on the boar

    June 6, 2017 10:36 pm JST
  • India shares post first loss in three days ahead of monetary policy decision

    MUMBAI (NewsRise) -- Indian shares fell for the first time in three sessions on Tuesday, retreating from record highs, as investors turned cautious ahead of the Monetary Policy Committee's interest rate setting meeting.The benchmark S&P BSE Sensex f

    June 6, 2017 09:20 pm JST
  • The Future of Asia 2017

    Lack of regional integration holding South Asia back

    TOKYO -- South Asia must accelerate regional economic integration and improve connectivity to truly become a cradle of growth, according to experts at a panel discussion on Tuesday during the International Conference on The Future of Asia.Led by Ind

    June 6, 2017 06:01 pm JST
  • Japanese technology squeezes more power out of coal

    TOKYO -- Fresh technology developed in Japan may be about to swing the global energy pendulum back toward coal, by turning the old fossil fuel into a much cleaner energy source.With India and other emerging economies expected to increase their use o

    June 6, 2017 03:30 pm JST
  • The Future of Asia 2017

    World Bank's Levy calls for new type of globalism

    TOKYO -- Asia should champion a new form of globalism, such as one that facilitates cross-border infrastructure investments, World Bank Managing Director Joaquim Levy said in a speech at the 23rd International Conference on the Future of Asia on Tue

    June 6, 2017 12:21 pm JST
  • India's Adani gives final approval for $4bn Australia coal mine

    SYDNEY (Reuters) -- India's Adani Enterprises said on Tuesday that it has given final investment approval for its controversial $4 billion Carmichael mine and rail project in Queensland."The project has Final Investment Decision approval, which mark

    June 6, 2017 11:24 am JST
  • The Future of Asia 2017

    Data, state support a recipe for innovation: experts

    TOKYO -- As data-based technologies reshape societies across Asia, government's role is to put in place modern infrastructure and enable startups to drive further innovation, experts from India and the U.S. said Monday.Making use of vast stores of d

    June 6, 2017 09:10 am JST
  • The Future of Asia 2017

    'Data rich' Asians will escape poverty, Infosys co-founder says

    TOKYO -- Digital technology is destined to change more lives in Asia, including those of people currently living in poverty, according to the co-founder of Indian IT giant Infosys. "Asians are going to be 'data rich' before they become economically

    June 6, 2017 08:00 am JST
  • The Future of Asia 2017

    Beware of robots, says Indonesian Vice President Kalla

    TOKYO -- Sophisticated automation technology, such as robotics, could spell disaster for the world economy, Indonesian Vice President Jusuf Kalla said at a forum in Tokyo on Monday."If advanced economies decide to use robots and automation technolog

    June 6, 2017 08:00 am JST
  • Samsung readies big investment in Indian output

    SEOUL/NEW DELHI -- Samsung Electronics will spend around 700 billion won ($625 million) to boost production in India, aiming to fortify its position in an economy growing even faster than China.The South Korean electronics titan plans to expand a ma

    June 6, 2017 04:43 am JST
  • India launches its heaviest rocket payload yet

    NEW DELHI -- India on Monday launched its heaviest rocket to date with a 3.1 ton communications satellite on board -- taking the country one step closer to manned missions.The Geosynchronous Satellite Launch Vehicle MKIII D1, weighing 640 tons, was

    June 6, 2017 02:30 am JST
  • Tata cuts US visa applications for software engineers by nearly 70%

    MUMBAI -- Tata Consultancy Services (TCS), India's largest software exporter, has reduced applications for the H-1B visas needed by Indian engineers to work in the U.S. by almost 70% compared to two years ago due to immigration and other concerns ha

    June 5, 2017 10:04 pm JST
  • India shares edge higher on bets of less hawkish tone in monetary policy

    MUMBAI (NewsRise) -- Indian shares posted marginal gains to hit another record level on Monday, extending their gains for a second day, amid increasing expectations that the nation's Monetary Policy Committee will sound less hawkish when it reviews

    June 5, 2017 09:19 pm JST
  • Reliance Communications gets 7-month reprieve from bankers but future is murky

    MUMBAI (NewsRise) -- His company in distress, chairman Anil Ambani waited until bankers had agreed to give Reliance Communications a seven-month hiatus on debt repayments before beginning a rare press conference in Mumbai."This would be the largest-

    June 5, 2017 07:20 pm JST
  • The Future of Asia 2017

    Counter protectionism with greater regional cooperation, experts say

    TOKYO -- Asian countries should band together to counter intensifying anti-globalization head winds, experts from Japan, China, India and Southeast Asian countries agreed at an international conference on Monday.The panel members were asked to excha

    June 5, 2017 06:27 pm JST
  • India services PMI rises to 52.2 in May

    TOKYO -- The Nikkei India Services Purchasing Managers' Index, or PMI, rose to 52.2 in May from April's 50.2, marking the highest since October.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. May'

    June 5, 2017 02:00 pm JST
  • Bangalore cab cooperative challenges Uber, Ola

    BANGALORE -- A taxi cooperative established by a former state chief minister is set to give Uber and Indian rival Ola a run for their money in Bangalore, where drivers have been protesting the cab aggregators' negative impact on their earnings.The c

    June 5, 2017 11:00 am JST