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  • Maldives lifts state of emergency, defusing China-India tensions

    NEW DELHI -- The Maldives' president has lifted a 45-day-long state of emergency that had raised the threat of maritime clash between China and India over the tiny island nation.President Abdulla Yameen ended the state of emergency Thursday "in an e

    March 23, 2018 04:12 am JST
  • US carmaker Ford, India's Mahindra to develop SUVs, electric vehicle

    NEW DELHI (Reuters) -- U.S. carmaker Ford Motor Co and India's Mahindra & Mahindra said on Thursday they have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, which Ford could also potentially

    March 23, 2018 03:05 am JST
  • India shares decline, dragged by fuel retailers, banks

    MUMBAI (NewsRise) -- Indian shares fell Thursday, weighed by decline in fuel retailers after crude oil prices rose to seven-week highs.The BSE Sensex fell 0.4% to 33,006.27 and the Nifty 50 Index declined 0.4% to close at 10,114.75. Bharat Petroleum

    March 22, 2018 11:09 pm JST
  • Creditors to call fresh bids for Essar Steel after ArcelorMittal, Numetal offers rejected

    MUMBAI (NewsRise) -- Indian lenders called fresh bids for bankrupt Essar Steel's assets after rejecting offers from the world's largest steel maker ArcelorMittal and an entity controlled by Russia's VTB Group, potentially delaying the resolution of

    March 22, 2018 11:04 pm JST
  • Nikkei Asia300 Index declines as Tencent falls after earnings

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Thursday, as losses in heavyweight Tencent Holdings wiped off earlier gains after the U.S. Federal Reserve stuck to its interest rate projections for 2018.The Nikkei Asia300 Index fell 0.8% to

    March 22, 2018 10:03 pm JST
  • New Asian importers shaking up world LNG market

    TOKYO -- The Asian market for liquid natural gas is being transformed as Thailand, Pakistan and others join the ranks of importers and consumption grows rapidly in China and India, resulting in a fundamental shift in a market that had long been domi

    March 22, 2018 03:45 pm JST
  • Puja Kapai: This is what Asia must do to tackle sexual harassment at work

    The #MeToo movement against sexual harassment that kicked off in the U.S. is starting to gain momentum in Asia. Actresses in Hong Kong, a prosecutor in South Korea, a journalist in Japan and even factory workers in China have spoken out about their

    March 22, 2018 10:00 am JST
  • Sreeram Chaulia: India is building up its naval presence to counter China

    The signing of a military agreement between India and France granting mutual access to naval bases is a clear indication that India is ramping up its defense diplomacy in response to China's growing presence in the Indian Ocean.The March 10 deal was

    March 22, 2018 10:00 am JST
  • India warns against social media data misuse ahead of elections

    NEW DELHI (Reuters) -- India's information technology minister on Wednesday warned against any abuse of social media in elections, following reports that a British consultancy improperly accessed information on millions of Facebook users to target U

    March 22, 2018 04:18 am JST
  • Bharti Airtel, banks propel India stocks ahead of Fed decision

    MUMBAI (NewsRise) -- Indian shares advanced Wednesday, as Bharti Airtel and banks rose ahead of the U.S. Federal Reserve's interest rate decision.The BSE Sensex rose 0.4% to 33,136.18 and the Nifty 50 Index added 0.3% to close at 10,155.25. Bharti A

    March 21, 2018 08:59 pm JST
  • Godrej, Rolls-Royce boost production in India on expanded partnership

    MUMBAI -- Godrej Aerospace, a unit of Indian manufacturing group Godrej & Boyce, has secured a $30 million contract from Britain's Rolls-Royce to make parts for aircraft engines at its new facility in Mumbai over the next five years. The new deal ex

    March 21, 2018 08:27 pm JST
  • China's SAIC Motor to ride SUV for India foray in 2019

    NEW DELHI (NewsRise) -- SAIC Motor, the first Chinese automaker to enter India, will start its journey in the South Asian nation next year with a sport-utility vehicle sporting the MG badge.SAIC will seek to emulate companies such as Maruti Suzuki I

    March 21, 2018 03:18 pm JST
  • Sarika Rachuri

    India must get real about electric vehicles

    Less than two years after announcing plans to eliminate hydrocarbon-fueled vehicles from Indian roads by 2030, Prime Minister Narendra Modi's government has cut its target for electric vehicles to 30% from 100%.The scaling back of ambitions reflects

    March 21, 2018 02:00 pm JST
  • India shares rebound from three-month lows as Tata Steel, Infosys gain

    MUMBAI (NewsRise) -- Indian shares rose Tuesday, as some investors stepped up purchases after benchmark indexes fell to three-month lows earlier following Wall Street's overnight tumble.The BSE Sensex advanced 0.2% to 32,996.76 to end a losing run t

    March 20, 2018 10:10 pm JST
  • India aviation traffic rises at fastest pace in 13 months

    MUMBAI (NewsRise) -- Passenger air traffic in India grew at the fastest pace in 13 months in February, even as fears mount over demand weakening due to rising air fares.The number of passengers flown last month jumped almost 24% on-year to 10.7 mill

    March 20, 2018 09:12 pm JST
  • India can prove democracy capable of growing fast: former RBI chief

    HONG KONG -- India has the potential for higher growth in the coming decades despite disadvantages inherent in democracy compared with well-run authoritarian regimes like China, the former governor of the Indian central bank Raghuram Rajan said on

    March 20, 2018 08:44 pm JST
  • Singtel expands mobile wallet across Southeast Asia and India

    SINGAPORE -- Singapore Telecommunications is expanding its mobile wallet service across Southeast Asia and India by linking the product with those of affiliated companies, in a bid to tap into growing demand for mobile payments among regional travel

    March 20, 2018 07:41 pm JST
  • India struggles to discipline its state-owned banks

    NEW DELHI -- The crisis in India's state-owned banking sector is deepening, but the government may be preparing to give a key oversight body, set up two years ago to improve governance at bank boards, a quiet burial.The term of the Banks Board Burea

    March 20, 2018 02:18 pm JST
  • Brahma Chellaney

    China's stealth wars in the Himalayas

    Operating in the threshold between peace and war, China has pushed its borders far out into international waters in the South China Sea in a way no other power has done elsewhere. Less known is that China is using a similar strategy in the Himalayas

    March 20, 2018 07:00 am JST
  • Xiaomi supplier Q Tech looks to build in India, following phone makers

    HONG KONG/TAIPEI -- Protectionism in India, not the U.S, is shaping Chinese camera module supplier Q Technology's decision-making as it considers starting manufacturing in India following similar moves by its customers.Q Technology, an emerging play

    March 20, 2018 01:39 am JST