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  • India's Motherson Sumi's profit unexpectedly falls on Dutch unit's one-time cost

    NEW DELHI (NewsRise) -- Motherson Sumi Systems Ltd., partly owned by Japan's Sumitomo Wiring Systems Ltd., Thursday reported a surprise 21% drop in quarterly consolidated net profit as a one-time expense outweighed higher revenue.The auto parts make

    August 10, 2017 09:33 pm JST
  • India's Flipkart receives big investment from SoftBank fund

    MUMBAI (NewsRise) -- Flipkart Group has won an investment from Japan's SoftBank Vision Fund in a deal that makes billionaire Masayoshi Son's technology fund one of the biggest shareholders in India's largest e-commerce company.The undisclosed invest

    August 10, 2017 09:01 pm JST
  • Indian factory activity tanks as the GST gets underway

    NEW DELHI Indian manufacturing activity slowed sharply in July, as the introduction of a much-heralded goods and services tax caused confusion for companies and consumers alike.The Nikkei India Manufacturing Purchasing Managers' Index dropped to 47.

    August 10, 2017 10:00 am JST
  • For better or worse, India's central bank cuts rates to a 7-year low

    NEW DELHI Amid persistently low inflation and widespread calls for growth-boosting measures, the Reserve Bank of India has cut its benchmark lending rate to a seven-year low of 6%.Urjit Patel, the RBI governor, finally fell in with the 80% of market

    August 10, 2017 10:00 am JST
  • Ajinomoto looks to stir up India with instant coffee

    TOKYO -- One of Japan's best-known brands of instant coffee arrives this month in India, a market in which Japanese food company Ajinomoto reckons it has a chance of rising to the top.Sales of Blendy will kick off in mid-August in the state of Tamil

    August 10, 2017 06:08 am JST
  • Tax revisions to increase prices on SUVs, luxury cars in India

    NEW DELHI -- Those in India who can afford sports utility vehicles and high-end luxury cars may soon be paying even more.After a nationwide goods and services tax (GST) was rolled out on July 1, taxes on most cars except hybrids dropped significantl

    August 9, 2017 11:29 pm JST
  • Tata Motors posts surprise profit jump on Jaguar Land Rover one-time gain

    NEW DELHI (NewsRise) -- Tata Motors Ltd., the owner of Jaguar Land Rover, reported a surprise 42% jump in consolidated quarterly net profit after a one-time gain at its British luxury unit helped offset a loss in its Indian operations.The Mumbai-bas

    August 9, 2017 10:04 pm JST
  • William Pesek

    Irrational exuberance, Indian-style?

    Your move, Mr. Prime Minister. That is effectively what India's central bank governor signaled to Narendra Modi when he lower interest rates a touch last week.The Reserve Bank of India made the right call, responding to what economists like Shubhada

    August 9, 2017 11:30 am JST
  • Daikin's profit hits fresh high on overseas strength

    OSAKA -- Daikin Industries' net profit rose 4% on the year to 50.9 billion yen ($461 million) for the three months ended June 30, a fourth consecutive record high for the quarter, as aggressive expansion abroad continued to bear fruit.The Japanese a

    August 9, 2017 12:45 am JST
  • India's Bajaj Auto ties up with U.K.'s Triumph to develop new motorcycle range

    NEW DELHI (NewsRise) - India's Bajaj Auto on Tuesday unveiled a technology partnership with U.K.'s Triumph Motorcycles to develop a new range of motorcycles even as it scrapped plans to bid for Italian motorcycle maker Ducati.India's third-largest m

    August 8, 2017 09:25 pm JST
  • India stocks fall for second day on profit booking

    MUMBAI (NewsRise) -- Indian stocks fell for a second day, taking the broader NSE index to close below the 10,000 level for the first time in two weeks, as investors continued to take profits.Tuesday's losses also followed the Indian capital market r

    August 8, 2017 09:18 pm JST
  • Sreeram Chaulia

    India and Japan combine forces to counter China

    Japan and India, Asia's second and third largest economies respectively, are achieving closer strategic convergence, a development that could reshape Asia. Since 2014, the two countries have elevated their ties to a "special strategic and global par

    August 8, 2017 05:45 pm JST
  • Japanese, Indian tech ventures team on AI cameras

    MUMBAI -- Japanese AI startup ExaIntelligence has partnered with Indian "internet of things" technology developer Efftronics Systems to create AI-equipped surveillance cameras and other products for such applications as traffic management and crime

    August 8, 2017 05:37 am JST
  • Tata Steel swings to profit as India sales surge, Europe business improves

    MUMBAI (NewsRise) -- Tata Steel swung to a profit in the first quarter as a surge in domestic sales volume and improved operating performance at its European business aided India's second-largest steel maker.The consolidated net profit in the first

    August 7, 2017 10:16 pm JST
  • India stocks slide on software exporters, automakers

    MUMBAI (NewsRise) -- Indian stocks fell Monday, as pullbacks in shares of software exporters and automakers offset robust gains in Tata Steel ahead of its quarterly earnings.The BSE Sensex fell 0.2%, or 51.74 points, to end at 32,273.67 points, whil

    August 7, 2017 09:27 pm JST
  • India's Eros in early talks with Apple, others to sell content library - source

    MUMBAI (Reuters) -- Indian movie production house Eros Group is in preliminary talks with Apple and other major content distributors to sell its entire content library of films and music, a source familiar with the matter told Reuters on Monday.The

    August 7, 2017 03:37 pm JST
  • Chemicals sector grows fastest in July's Asia PMI

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index, or PMI, for July showed output growth in 15 of the 19 sectors monitored.Chemicals (54.7) marked the sharpest growth, followed by healthcare services (54.0) and beverages and food (53.8).On

    August 7, 2017 09:30 am JST
  • JFE Engineering using internships to attract talent

    TOKYO -- Every year, JFE Engineering accepts 20 or so interns from abroad. During the five-week program, the students learn about the company's infrastructure and other businesses, the engineering industry as well as Japanese lifestyles and culture.

    August 6, 2017 03:02 pm JST
  • Mahindra posts worse-than-expected fall in profit as India GST damps sales

    MUMBAI (NewsRise) -- Mahindra & Mahindra posted a wider-than-expected 20% drop in first-quarter profit, as India's largest sports utility vehicle maker grappled with slower sales ahead of the roll out of a nationwide Goods and Services Tax.The maker

    August 4, 2017 09:24 pm JST
  • Indian shares eke out 5th straight weekly advance amid earnings cheer

    MUMBAI (NewsRise) -- Indian shares edged higher on Friday to squeeze out a small gain for the week, as upbeat corporate earnings buoyed investors.The benchmark BSE Sensex added 0.3%, or 87.53 points, to close at 32,325.41 on Friday, adding 0.05% for

    August 4, 2017 09:02 pm JST