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  • Asian Paints profit lags behind estimates as sales decline

    MUMBAI (NewsRise) -- Asian Paints, India's largest paint producer, on Monday posted a slower-than-expected 19% increase in third-quarter net profit as sales declined. Consolidated profit for the quarter ended in December rose to 5.55 billion rupees

    January 22, 2018 10:30 pm JST
  • India shares rise to record levels for fourth day

    MUMBAI (NewsRise) -- Indian shares extended gains on Monday, reaching record levels for the fourth straight session, as Reliance Industries and Axis Bank surged after quarterly earnings.The benchmark BSE Sensex rose 0.8% to 35,798.01 and the Nifty 5

    January 22, 2018 09:00 pm JST
  • Nikkei Asia300 Index extends gains as U.S. government shutdown leaves no impact

    MUMBAI (NewsRise) -- Asian stocks outside of Japan continued their ascent on Monday, as investors bet the U.S. government shutdown will have little impact on demand for risk assets.The Nikkei Asia300 Index rose 0.7% to 1,512.32, extending last week'

    January 22, 2018 08:46 pm JST
  • Malware threatens India's mobile banking revolution

    NEW DELHI -- Mobile banking is growing fast in India, with smartphone sales exploding and the Modi government pushing digital payments.But as more Indians move to electronic transactions, concerns are growing about the security of the banking system

    January 22, 2018 06:49 pm JST
  • Reliance Industries' earnings beats estimates as Jio logs in profit

    MUMBAI (NewsRise) -- Billionaire Mukesh Ambani's Reliance Industries said third-quarter net income jumped 25% as its wireless venture, which unleashed an unprecedented price war in India's telecom industry, posted its first profit. The conglomerate'

    January 19, 2018 10:58 pm JST
  • India shares post biggest weekly advance in one year

    MUMBAI (NewsRise) -- Indian equities posted their biggest weekly advance in a year, fuelled by a rally in banking and information technology stocks.The benchmark BSE Sensex rose 0.7% to 35,511.58 and the Nifty 50 Index climbed 0.7% to 10,894.70 on F

    January 19, 2018 09:51 pm JST
  • ITC third-quarter profit beats estimates on one-time gain

    MUMBAI (NewsRise) -- ITC, India's largest cigarette maker, reported a better-than-expected third-quarter net profit, helped by a one-time gain from a tax write back.The company, also known for its Maurya hotel chain, said consolidated net income for

    January 19, 2018 09:37 pm JST
  • Bharti Airtel says worst over for India mobile phone tariffs

    MUMBAI (NewsRise) -- Bharti Airtel, India's largest mobile phone operator, said the worst erosion the industry has witnessed for mobile phone tariffs is probably over as the number of players shrinks after cut-throat pricing caused a wave of consoli

    January 19, 2018 09:25 pm JST
  • Nikkei Asia300 advances as Taiwan Semiconductor jumps after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan edged higher on Friday, helped by gains in index heavyweight Taiwan Semiconductor Manufacturing Co. after better-than-expected fourth-quarter earnings.The Nikkei Asia300 Index rose 0.5% to 1,502.20.

    January 19, 2018 08:28 pm JST
  • India's Bharti Airtel Q3 profit misses forecasts

    India's biggest mobile carrier Bharti Airtel Ltd reported a smaller-than-expected quarterly net profit after the country's telecoms regulator more than halved interconnection fees last year.Net profit fell 39.3 percent to 3.06 billion rupees ($48 mi

    January 19, 2018 12:58 pm JST
  • Adani Enterprises to spin off city gas distribution business

    MUMBAI (NewsRise) -- India's Adani Enterprises plans to spin off its city gas distribution into a separate company as it seeks to simplify its corporate structure and unlock the value in its businesses.The company will demerge the city gas distribut

    January 18, 2018 09:45 pm JST
  • Indian shares scale yet another peak as banks rally

    MUMBAI (NewsRise) -- Indian shares rose to a record on Thursday, as private banks rallied after a newspaper reported that the government is considering raising the foreign investment limit in lenders.The benchmark BSE Sensex rose 0.5% to 35,260.29 a

    January 18, 2018 09:42 pm JST
  • Nikkei Asia300 Index advances, buoyed by Wall Street gains, China growth

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, as U.S. indexes continued their record run and China's fourth-quarter economic growth exceeded expectations.The Nikkei Asia300 Index added 0.3% to close at 1,495.46.The S&P 500 Index

    January 18, 2018 09:00 pm JST
  • Beijing's Marriott web ban sends warning to multinationals

    HONG KONG -- China's temporary ban on Marriott International's Chinese websites was a warning to international companies that they must comply with the Communist Party's political agenda if they want to do business in the world's second largest econ

    January 18, 2018 08:39 pm JST
  • Asia300 Summit 2018

    You can't walk alone to survive the digital era

    SINGAPORE -- Companies, whether they are manufacturers or software providers, must speed up the process of transformation to survive the changes of the fourth industrial revolution. And to do that, they cannot walk alone.That was the message from le

    January 18, 2018 04:13 pm JST
  • How Satyam became 'India's Enron'

    MUMBAI On the morning of Jan. 7, 2009, Ramalinga Raju sent a letter to India's stock exchanges and securities regulator announcing his resignation as chairman of Satyam Computer Services, the country's fourth-largest software exporter at the time. T

    January 18, 2018 10:00 am JST
  • Price Waterhouse fights a two-year ban in India

    MUMBAI Price Waterhouse is fighting a two-year ban on its auditing operations in India, leaving the 75 listed companies it audits -- including heavyweights Tata Steel and Hindalco Industries -- with a dilemma: stick with the beleaguered auditor or f

    January 18, 2018 10:00 am JST
  • Samsung targeting 5G equipment sales in US, Japan and India

    SEOUL -- Samsung Electronics is looking to double its share in the global market for mobile-phone network equipment by boosting sales of its fifth-generation devices in the U.S., Japan, South Korea and India.Samsung was the first in the industry to

    January 18, 2018 05:17 am JST
  • Hindustan Unilever profit beats estimates as sales volumes surge

    MUMBAI (NewsRise) -- Hindustan Unilever, India's biggest consumer goods maker, reported a better-than-expected 28% jump in third-quarter net profit, aided by a surge in sales volumes and improvement in rural demand.For the three months ended in Dece

    January 17, 2018 09:38 pm JST
  • Indian shares hit record highs as banks rally

    MUMBAI (NewsRise) -- Indian shares jumped to a record on Wednesday as banks rallied after the federal government slashed a proposed additional market borrowing.The benchmark BSE Sensex rose 0.9% to 35,081.82 and the Nifty 50 Index advanced 0.8% to 1

    January 17, 2018 09:31 pm JST