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  • Maruti Suzuki debuts Nexa premium service centers

    NEW DELHI -- Maruti Suzuki India has begun operating service workshops under its premium Nexa brand, as India's top-selling automaker looks to offer 300 locations by 2020 that handle models such as the Baleno, Ciaz, Ignis and S-Cross.The company, in

    July 28, 2017 01:26 am JST
  • ASEAN and beyond: AirAsia spreads its wings

    KUALA LUMPUR -- AirAsia, the region's largest budget carrier by fleet size, has a unique operational structure that aided its expansion over the past 16 years. Headquartered in Malaysia, it spread its wings from India to Japan, and will soon also en

    July 27, 2017 10:52 pm JST
  • Maruti Suzuki India's Q1 profit inches up 4.4%

    NEW DELHI -- Maruti Suzuki India, the country's largest passenger carmaker, on Thursday said net profit for the quarter ended June increased 4.4% year-on-year to 15.56 billion rupees ($242.7 million), as factors like a one-time compensation paid to

    July 27, 2017 10:44 pm JST
  • India shares end little changed after record highs as derivatives expiry weighs

    MUMBAI (NewsRise) -- Indian shares ended little changed on Thursday, retreating from record highs, as investors settled their trading positions on expiry of monthly derivatives contracts.The benchmark BSE Sensex edged up 0.84 points to 32,383.30, wh

    July 27, 2017 09:47 pm JST
  • Dr. Reddy's profit plunges on rising competition in US drug market

    MUMBAI (NewsRise) -- Dr. Reddy's Laboratories said first-quarter net income slumped 57% from a year earlier, as rising pricing pressure in the U.S. and a temporary contraction in stocks in domestic market weighed on India's second-largest pharmaceut

    July 27, 2017 09:18 pm JST
  • ASEAN is looking good, but now looking up to China and India

    TOKYO The first 50 years of the Association of Southeast Asian Nations should be regarded as an overall success, but its future is anything but certain. Sandwiched between China and India, ASEAN could find itself overwhelmed economically by these tw

    July 27, 2017 10:00 am JST
  • ASEAN must stay out of great-power tussles in Asia

    The post-Cold War 1990s were a peaceful era in Asia. All the great powers were benign and the Sino-U.S. relationship was good. China still needed help from other countries, including ASEAN members.Today, we are back in the age of great-power rivalri

    July 27, 2017 10:00 am JST
  • Asian investment is turning Ethiopia into textile hub

    ADDIS ABABA, Ethiopia The East African country of Ethiopia is fast developing into a dynamic apparel-sourcing hub, as low labor costs draw in international clothing makers.Manufacturers from China, South Korea, India and other countries have opened

    July 27, 2017 10:00 am JST
  • Snapdeal board accepts Flipkart's $900m-plus takeover offer

    MUMBAI -- Indian e-commerce startup Snapdeal has accepted a $900 million to $950 million takeover bid from market leader Flipkart, after a roller-coaster round of talks, in a deal that would give the bigger company ammunition for fighting Amazon.com

    July 27, 2017 03:00 am JST
  • India shares rise to record, Nifty closes above 10,000 mark for first time

    MUMBAI (NewsRise) -- Indian shares rose to fresh all-time highs on Wednesday, with theNifty index closing above the 10,000 mark for the first time, as better-than-expected company earnings spurred investors to step up purchases.The benchmark BSE Sen

    July 26, 2017 09:32 pm JST
  • China's Tencent latest to invest in Indian education startup Byju's

    MUMBAI (NewsRise) -- An ambitious Indian startup that is using technology to supplement classroom teaching is drawing investment from major names as it plans to go global. Wednesday, Byju's said it has raised an undisclosed amount from Chinese Inter

    July 26, 2017 09:24 pm JST
  • India's tech giants repurchase shares, buying time to build new ops

    MUMBAI -- India's leading information technology service companies have launched massive share repurchase programs to keep their stock prices high even as rising costs and automation erode demand for their core contract software development offering

    July 26, 2017 05:21 pm JST
  • Panasonic to pick Indian ventures' brains in IT

    OSAKA -- Panasonic plans to join forces with information technology startups in India to develop new businesses making use of their expertise.The electronics giant has created a new department in an Indian office operated jointly with the Tata group

    July 26, 2017 03:17 am JST
  • Modi's party-backed Kovind assumes office as India's president

    NEW DELHI -- Ram Nath Kovind was sworn in on Tuesday as India's 14th president, becoming the first politician linked to the country's Hindu nationalist movement and only the second from the historically marginalized Dalit community to assume the top

    July 25, 2017 11:06 pm JST
  • Bharti Airtel profit plunges 75% as price war by Ambani's Jio hurts margins

    MUMBAI (NewsRise) -- Bharti Airtel, India's largest mobile phone operator, posted a 75% slump in first-quarter profit as a price war triggered by new entrant Reliance Jio continued to crush its revenue and margins.Consolidated net profit of Bharti A

    July 25, 2017 10:33 pm JST
  • India shares end little changed on profit booking after Nifty rises to record

    MUMBAI (NewsRise) -- Indian shares ended little changed on Tuesday, retreating from record highs, as investors took profits in stocks such as Reliance Industries after the Nifty index hit the 10,000 mark for the first-time ever.The benchmark BSE Sen

    July 25, 2017 09:29 pm JST
  • Zee Entertainment profit misses estimates as India ad spending slows

    MUMBAI (NewsRise) -- Zee Entertainment Enterprises, India's largest listed media company, reported a weaker-than-expected first-quarter profit, weighed by declining subscription revenue and a slowdown in advertising spending in Asia's third-largest

    July 24, 2017 10:19 pm JST
  • HDFC Bank, Reliance Industries lead Indian shares to record

    MUMBAI (NewsRise) -- Indian shares rose to a record on Monday, driven by gains in HDFC Bank following the lender's first-quarter earnings, while Reliance Industries extended gains on optimism over it wireless unit's launch of a low-cost 4G-enabled p

    July 24, 2017 09:27 pm JST
  • Celebrated chef's cooking rooted in communal kitchen in India

    NEW YORK -- Vikas Khanna doesn't consider himself an "ambassador" of Indian culture.The founder of the Michelin star-winning New York restaurant Junoon says such a title is more fitting for dignitaries like Indian Prime Minister Narendra Modi, whom

    July 23, 2017 06:30 am JST
  • India's Reliance Jio announces 'effectively' free 4G feature phones

    MUMBAI -- After upsetting the broadband market in India by offering ultra-cheap data tariffs, India's richest man Mukesh Ambani is now aiming to disrupt services further with the introduction of fourth-generation network-enabled feature phones -- th

    July 22, 2017 12:52 am JST