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  • ICICI Lombard's $888 million India IPO oversubscribed

    MUMBAI (NewsRise) -- ICICI Lombard, the general insurance unit of India's top private lender ICICI Bank, saw its 57 billion-rupee ($888 million) initial public offering getting oversubscribed on the last day of the sale, as investors continue to bet

    September 19, 2017 09:15 pm JST
  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI -- Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority

    September 19, 2017 12:05 pm JST
  • Ford eyes tie-up with India's Mahindra on EVs, sales

    MUMBAI -- Ford Motor and India's Mahindra & Mahindra look to form a strategic alliance that may see them cooperate on electric vehicles and emerging-market sales, the automakers announced Monday. Mahindra and Ford will form special teams that will

    September 18, 2017 11:57 pm JST
  • Indian shares advance as Nifty hits record amid upbeat Asia markets

    MUMBAI (NewsRise) -- Indian shares rose Monday, with the Nifty index closing at a record, as investors tracked gains across the region amid easing geopolitical tensions over North Korea.The benchmark BSE Sensex advanced 0.5%, or 151.15 points, to 32

    September 18, 2017 09:22 pm JST
  • Google introduces mobile payment service for India

    MUMBAI (NewsRise) -- Alphabet Inc.'s Google has launched an India-specific mobile payments service called Tez, as the technology giant seeks to tap into the swelling base of internet users in one of the fastest-growing smartphone markets in the worl

    September 18, 2017 09:11 pm JST
  • Malaysia's Axiata unit to rely more on debt to fund growth

    KUALA LUMPUR (Nikkei Markets) -- edotco Group, the telecommunication infrastructure unit of Malaysia's Axiata Group, may rely more on debt to fund future expansion and finance acquisitions instead of raising fresh capital, its chief executive said M

    September 18, 2017 08:58 pm JST
  • Bangalore startup engineers urban forests

    BANGALORE -- Close by a diesel locomotive shed at Krishnarajapura in eastern Bangalore, a dense forest of 2,000 trees is growing.Huddled together in just 600 sq. meters, the 10-month-old trees have an average height of 1.8 meters. But this is no ord

    September 18, 2017 03:42 pm JST
  • Modi government puts Air India sale on runway in divestment push

    MUMBAI -- India took the next step in Prime Minister Narendra Modi's ambitious plans for privatizing state-run companies, inviting applications Thursday from investment bankers, financial institutions and others to advise the government on selling a

    September 18, 2017 03:29 pm JST
  • Asia foreshadows rise of Chinese smartphones as iPhone X unveiled

    BANGKOK -- On Saturday morning the MBK Center, a regional electronic gadget Mecca in the heart of the Thai capital, was crowded with young technology buffs after the unveiling of the iPhone X, the latest smartphone model from Apple. Yet despite the

    September 18, 2017 01:00 pm JST
  • Making AI a force for good requires rules, transparency

    SINGAPORE -- Maximizing the potential of disruptive technologies like artificial intelligence will require the right regulations and transparency on data usage, experts suggested at a forum in Singapore on Saturday.In a session of the Singapore Summ

    September 16, 2017 07:44 pm JST
  • India to expand cargo-location service using wireless tech

    NEW DELHI -- India is planning a nationwide expansion of a logistics visualization service using radio-frequency identification tags, in line with the government's efforts to make the country more business-friendly.The program, which has been used f

    September 16, 2017 02:00 pm JST
  • Ericsson hits India's RCom with insolvency cases

    MUMBAI -- An Indian subsidiary of Swedish telecommunications equipment maker Ericsson has filed insolvency petitions against Reliance Communications and two units, further pressuring the Indian telecom group over unpaid debts.RCom and the units owe

    September 16, 2017 04:28 am JST
  • Japan, India reinforce bulwark against China

    GANDHINAGAR, India -- Japanese Prime Minister Shinzo Abe and Indian counterpart Narendra Modi reaffirmed the bilateral security and infrastructure collaboration aimed at countering China's territorial encroachment during their meeting here Thursday.

    September 15, 2017 06:15 am JST
  • Indian shares post modest gains as Axis Bank, Sun Pharma advance

    MUMBAI (NewsRise) -- Indian shares ended marginally higher on Thursday, helped by gains in private lender Axis Bank and Sun Pharmaceutical Industries.The benchmark BSE Sensex index gained 0.2%, or 55.52 points, to 32,241.93, while the broader Nifty

    September 14, 2017 09:15 pm JST
  • PM Modi and Japan's Abe launch Indian shinkansen project

    NEW DELHI -- India on Thursday inched closer to its dream of getting a bullet train when Japan's Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, laid the foundation stone for the country's first high-speed rail link based on Jap

    September 14, 2017 07:46 pm JST
  • India's technology workers look to unions to stem job losses

    BANGALORE -- Recent layoffs across India's $150 billion information technology industry have left software engineers feeling insecure and looking at ways to protect their jobs.On Aug. 20, hundreds of IT employees in Bangalore got together to form th

    September 14, 2017 07:08 pm JST
  • Japanese, Indian PMs call for strict oil curbs on North Korea

    AHMEDABAD, India -- Japanese Prime Minister Shinzo Abe and his Indian counterpart, Narendra Modi, on Thursday signed a joint statement that calls for putting maximum pressure on Pyongyang to abandon its nuclear and missile programs. They did so whil

    September 14, 2017 06:29 pm JST
  • The risk of an India-China conflict is still all too real

    NEW DELHI China and India this summer came closer to a military clash than at any point in the last half century.Their troops were locked in a stare-down for two and a half months, creating a tinderbox situation that could have sparked a major confl

    September 14, 2017 10:00 am JST
  • ASEAN manufacturing improves on rising global trade

    HONG KONG Buoyed by a continuing recovery in global trade, Asian manufacturing improved in August, with eight of the 12 economies surveyed by the Nikkei showing a pickup and just four in contractionary territory. Economists, however, generally belie

    September 14, 2017 10:00 am JST
  • India shares end little changed as refiners slump, erasing early gains

    MUMBAI (NewsRise) -- Indian shares ended little changed on Wednesday, erasing most of the initial advances, as a selloff in state-owned fuel marketing companies offset gains in Reliance Industries.The BSE Sensex ended up less than 0.1% to 32,186.41,

    September 13, 2017 09:54 pm JST