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  • India's ONGC to invest over $3bn in Iran natural gas block

    MUMBAI -- India's largest energy explorer, Oil and Natural Gas Corp., plans to spend over $3 billion in developing the Farzad-B natural gas block in Iran, as the world's fastest-growing economy looks to address its rising energy needs.The state-run

    April 6, 2017 01:20 am JST
  • Pallavi Aiyar

    Indian fury at foreign racist attacks hides shameful truth

    Racist violence against Indians abroad, particularly in the United States and Australia, has captured global headlines in recent years. These crimes rightly provoke outrage, and stoke anxieties, among Indians. But the collective fury against racism

    April 6, 2017 12:40 am JST
  • India shares rise to record on foreign fund inflows; Reliance Industries leads

    MUMBAI (NewsRise) -- Indian shares rose to a record on Wednesday, extending gains for a second straight day, as sustained foreign fund inflows drove index heavyweights such as Reliance Industries.The BSE Sensex index rose 0.2%, or 64.02 points, to 2

    April 5, 2017 08:56 pm JST
  • Tata's Jaguar Land Rover posts 19% jump in U.S. sales in March

    MUMBAI (NewsRise) -- Jaguar Land Rover, the luxury automaker owned by India's Tata Motors,posted a 19% jump in U.S. sales in March -- its best ever -- as higher incentives and new Jaguar models continued to drive demand.Jaguar Land Rover sold 12,918

    April 5, 2017 08:45 pm JST
  • Indian shares climbing as economy rides out cash crunch

    NEW DELHI/MUMBAI -- India's stock market is on a roll as the aftershocks from Prime Minister Narendra Modi's banknote ban subside and his government's revamping of the tax system gains traction.The benchmark BSE Sensex index closed at 29,910 on Mond

    April 5, 2017 09:00 am JST
  • Global debt hits $215tn in 2016, led by emerging markets -- IIF

    Global debt rose to 325 percent of the world's gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.Global debt

    April 4, 2017 09:14 am JST
  • India shares rise to record as funds boost purchases

    MUMBAI (NewsRise) -- Indian shares surged on the first trading day of the new financial year as overseas investors stepped up purchases, pushing the benchmark indices to their record highs.On Monday, the BSE Sensex index rose 0.98%, or 289.72 points

    April 3, 2017 10:10 pm JST
  • Maruti Suzuki posts slowest sales gain in 3 months on weak India small car demand

    MUMBAI (NewsRise) -- Maruti Suzuki India, the nation's largest car maker, reported its slowest sales growth in three months in March, as demand for its older small car models continued to decline amid an industry-wide shift to bigger vehicles.Total

    April 3, 2017 08:30 pm JST
  • India manufacturing PMI rises to 52.5 in March

    TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, rose to a five-month high of 52.5 in March from 50.7 in February.A reading above 50 indicates economic expansion, while one below 50 points toward contraction. March's readi

    April 3, 2017 02:00 pm JST
  • Indian drug groups ramp up biosimilar bets

    BANGALORE, India/NEW DELHI -- Indian pharmaceutical companies, which dominate the global generic drugs market, are gearing up for their next big opportunity -- developing an innovative class of complex drugs when the original products, with sales of

    April 3, 2017 11:00 am JST
  • Indians wonder whether a job in the US is still worth it

    MUMBAI -- For Abhishek Maloo's family, living in Bhilwara, a small town in India's western desert state of Rajasthan, their son's nine-year stint in the U.S. has been a blessing.While they are not dependent on the cash he sends home, the money Abhis

    April 1, 2017 02:00 pm JST
  • Modi win, global cues drive Indian shares' best quarter in three years

    MUMBAI (NewsRise) -- Indian shares posted their best quarter in nearly three years, as foreign investors stepped up buying on bets of more economic reforms after the Narendra Modi-led Bharatiya Janata Party swept elections in the nation's most popul

    March 31, 2017 10:19 pm JST
  • Air India among airlines to get license to fly to smaller Indian cities

    MUMBAI (NewsRise) -- In a bid to boost air travel between smaller Indian cities, the government has awarded licenses to five domestic airlines to operate flights to airports it has already identified as under-served or unserved.Starting in phases fr

    March 31, 2017 06:48 pm JST
  • Indian Ocean economic bloc plagued by uncertainty

    JAKARTA -- The first leaders' meeting of the Indian Ocean Rim Association was held earlier this month in Jakarta. The regional alliance, comprising 21 member states along the edge of the Indian Ocean, was expected to make the most of the opportunity

    March 31, 2017 01:00 pm JST
  • Sumitomo to invest in Indian specialty steel processor

    TOKYO -- Sumitomo Corp. will spend just over 20 billion yen ($178 million) to take a stake in an Indian processor of automotive specialty steel.The Japanese trading house plans to buy as early as this summer a 49% interest in Mukand Alloy Steels fro

    March 31, 2017 05:50 am JST
  • Apple to assemble iPhones in India, manufacturing in pipeline

    MUMBAI -- Apple will start assembling its iPhone SE in India at the Bangalore factory of Taiwanese contract manufacturer Wistron in June, a reliable source told the Nikkei Asian Review, and could manufacture other iPhones there given the right tax i

    March 31, 2017 12:30 am JST
  • India shares end higher for third day, Nifty hits record

    MUMBAI(NewsRise)--Indian shares ended higher for the third straight session Thursday, on sustained overseas buying and as mutual funds snapped up the nation's assets ahead of the fiscal year-end. The NSE Nifty 50 index rose to a record high.Sentimen

    March 30, 2017 10:05 pm JST
  • India top court ruling raising auto emission norms spotlights unsold inventory

    MUMBAI (NewsRise) -- A ruling by India's top court banning the sale of vehicles using older fuel technology could hit Hero MotoCorp and Ashok Leyland hard as they are saddled with the most inventory, said analysts.Shares of Hero MotoCorp, India's to

    March 30, 2017 08:27 pm JST
  • Brahma Chellaney

    US-India nuclear deal falls prey to Toshiba woes

    The fate of a landmark nuclear deal between the U.S. and India is under threat partly due to developments in Japan, including the financial crisis facing Toshiba and the escalating political crisis embroiling Japanese Prime Minister Shinzo Abe over

    March 30, 2017 03:00 pm JST
  • Indians wonder whether a job in the US is still worth it

    MUMBAI For Abhishek Maloo's family, living in Bhilwara, a small town in India's western desert state of Rajasthan, their son's nine-year stint in the U.S. has been a blessing.While they are not dependent on the cash he sends home, the money Abhishek

    March 30, 2017 10:00 am JST