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  • 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
  • Business Insight: India's generic drug industry is catching a cold

    India's pharmaceutical companies are facing a series of regulatory and other hurdles, exacerbated by self-inflicted errors and badly conceived government policies that will hobble the $30 billion generic drug sector. Some companies have started to w

    November 16, 2017 10:00 am JST
  • Uniqlo aims for just local enough

    Uniqlo operator Fast Retailing is planning to expand its lineup of localized products without sacrificing its globally recognized identity."We will offer more variations [in our items] to meet our customers' growing need for modest clothing," Fast R

    November 16, 2017 10:00 am JST
  • Indian tycoon Ratan Tata is open to upheaval

    The very concept of globalization is being called into question. The tides of populism, protectionism and terrorism are rising worldwide. And yet, this tumultuous era is also generating tremendous opportunities. At the 19th Nikkei Global Management

    November 16, 2017 10:00 am JST
  • Raj Kumar Sharma: The time is ripe for deeper India-Japan defense ties

    Japanese Prime Minister Shinzo Abe's re-election should come as a shot in the arm for Japan-India ties as the two countries try to improve their security cooperation in the face of their biggest common concern -- an increasingly assertive China.In t

    November 16, 2017 10:00 am JST
  • India takes on China with its own navigational satellites

    NEW DELHI -- India, following in China's footsteps, is developing its own navigational satellite system, aiming to put it into commercial use by the second half of 2018, according to Tapan Misra, director of the country's Space Applications Center.I

    November 16, 2017 09:55 am JST
  • Reliance Communications defaults on bond coupons in latest setback

    MUMBAI (NewsRise) -- Billionaire Anil Ambani-backed Reliance Communications defaulted on interest payments on its bonds, underscoring the mobile phone company's mounting financial troubles amid an intensifying price war in India's telecom market.Rel

    November 15, 2017 09:46 pm JST