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  • India air passenger traffic rises at fastest pace in nine months in October

    MUMBAI (NewsRise) -- Air passenger traffic in India grew at the fastest pace in nine months in October, as airlines cut fares to lure travelers during India's festival season.The number of passengers flown last month jumped almost 21% on-year to 10.

    November 20, 2017 09:35 pm JST
  • Indian shares post marginal gains as Reliance, Maruti Suzuki advance

    MUMBAI (NewsRise) -- Indian shares edged higher on Monday after a volatile session, helped by gains in Reliance Industries and Maruti Suzuki India.The benchmark BSE Sensex added 0.1%, or 17.10 points, to close at 33,359.90, while the broader Nifty 5

    November 20, 2017 09:12 pm JST
  • Nikkei Asia300 Index gains as Tencent rises to record

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Monday, as index heavyweight Tencent Holdings hit another record high and Thailand economy's expanded at the fastest pace in more than four years.The Nikkei Asia300 Index added 0.2% to close at

    November 20, 2017 08:55 pm JST
  • New tuberculosis drug making its way to India and Russia

    TOKYO -- With tuberculosis killing 1.67 million people every year, Otsuka Pharmaceutical is expediting deliveries of a new drug called Delamanid to India and other developing countries that are desperate for a cure.Along way it has been forming part

    November 19, 2017 11:03 pm JST
  • Modern India warms to Mahatma Gandhi's spartan retreat

    AHMEDABAD, India -- Peering inside the cottages at Mahatma Gandhi's retreat on the banks of the Sabarmati River, visitors find spartan spaces with only the most essential furniture -- a cot, perhaps, or a desk. Material possessions mattered little t

    November 19, 2017 03:00 pm JST
  • Toyota looks to sell electric cars developed by Chinese partners

    GUANGZHOU/BEIJING -- Toyota Motor is considering producing and selling electric vehicles in China developed by local partners while planning to procure electric models from Suzuki Motor in India, part of a strategy to cope with tougher environmental

    November 18, 2017 02:52 am JST
  • India Sensex posts weekly gains as Moody's raises credit rating

    MUMBAI (NewsRise) -- Indian shares ended the week higher after Moody's Investors Service upgraded the nation's sovereign credit rating for the first time in about 14 years.The benchmark BSE Sensex index added 0.1% during the week, while the broader

    November 17, 2017 09:49 pm JST
  • Xiaomi nips at Samsung's heels in India's smartphone market

    MUMBAI (NewsRise) -- China's Xiaomi is closing in on market leader Samsung Electronics in India's smartphone market, as it starts selling through physical stores to complement online sales and introduces a steady flow of models in the best-selling b

    November 17, 2017 09:45 pm JST
  • Toyota finds toehold in India's nascent electric car market

    NEW DELHI -- India wants electric cars to rule its roads by 2030, and Toyota Motor is positioning itself to be a major player in the shift.Toyota Kirloskar Motor, the Indian arm of the Japanese giant, on Thursday signed a memorandum of understanding

    November 17, 2017 09:37 pm JST
  • Nikkei Asia300 Index gains on U.S. cues, India rating upgrade

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Friday, supported by positive U.S. cues and upgrade of India's credit rating by Moody's Investors Service.The Nikkei Asia300 Index advanced 0.9% to 1,392.98. For the week, the gauge added 0

    November 17, 2017 08:09 pm JST
  • Moody's raises India's bond rating; sees reforms fostering growth

    MUMBAI/BENGALURU (Reuters) -- Moody's Investors Services lifted India's local and foreign currency debt ratings, saying that continued progress on economic and institutional reform will enhance India's high growth potential.Moody's said it was lifti

    November 17, 2017 12:43 pm JST
  • Panasonic staking claim to India as future core market

    NEW DELHI -- Panasonic is finally turning its fortunes around in India as efforts to give local operations more say in product development and deepen cooperation with other companies bear fruit."India will become a core market for us in the future,"

    November 17, 2017 11:50 am JST
  • Interview

    Business chat app Slack seeks to crack Asia from Japan

    TOKYO -- Slack Technologies, an operator of business chat software, will start offering a Japanese version of its service on Friday, making it the U.S. startup's first attempt in Asia at localization. Co-founder and Chief Technology Officer Cal Hend

    November 17, 2017 12:00 am JST
  • Indian shares advance the most in two weeks as crude oil prices ease

    MUMBAI (NewsRise) -- Indian shares posted their best gain in more than two weeks on Thursday, as a retreat in crude oil prices lifted demand for the oil-importing nation's assets.The benchmark BSE Sensex added 1.1%, or 346.38 points, to close at 33,

    November 16, 2017 09:26 pm JST
  • Facebook tests its marketplace in India to lure online consumers

    MUMBAI (NewsRise) -- Facebook is piloting its new marketplace feature in India that will allow users to list wares for sale and shop for items to buy, as the social media giant steps up efforts to spur more consumers to use its services in one of th

    November 16, 2017 09:26 pm JST
  • Nikkei Asia300 Index gains as Tencent rises after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Thursday, as Tencent Holdings paced a rally in technology shares after upbeat third-quarter earnings.The Nikkei Asia300 Index rose 0.8% to 1,380.25.Index heavyweight Tencent advanced 2.3% a

    November 16, 2017 08:28 pm JST
  • India sets up panel to foster state bank consolidation

    MUMBAI/NEW DELHI -- The Indian government is determined to deliver the banking system from its bad loan mess through recapitalization -- while ensuring weak lenders survive the process. Within a week of announcing a massive 2.11-trillion-rupee ($32.

    November 16, 2017 02:30 pm JST
  • The TPP 11 rekindle multilateral trade hopes as Trump looks on

    DANANG, Vietnam When Japanese Minister of Economic Revitalization Toshimitsu Motegi walked into the press briefing room at the International Media Center in Danang on Nov. 11, his expression told many stories. One of them was of fatigue, as was to b

    November 16, 2017 10:00 am JST
  • India acts quickly to investigate names in Paradise Papers

    NEW DELHI The Indian government is investigating cases involving over 700 Indian individuals and entities that appear in the so-called Paradise Papers, a cache of 13.4 million leaked documents detailing offshore financial dealings by some of the wor

    November 16, 2017 10:00 am JST
  • Sri Lankan hub dealings pit China against India

    COLOMBO At the eerily quiet Mattala Airport, on the forested southern coast of Sri Lanka, a battle between Asian superpowers is unfolding.Few outside the country have heard of Mattala, and only one airline has been using the airport, located in Hamb

    November 16, 2017 10:00 am JST