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  • 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
  • Nikkei Asia300 index posts weekly gains on Chinese stock gains

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose this week, as optimism over earnings lifted mainland Chinese companies.The Nikkei Asia300 index ended little changed at 1,292.76 on Friday. For the week, it rose 0.4%. Suning Commerce

    August 4, 2017 08:43 pm JST
  • Japan utensil maker Kai aims to triple India sales by 2022

    TOKYO -- With its plant outside New Delhi ready for full-scale production, Japan's Kai is set to expand sales in India of its utensils and beauty-care products, including knives and razors.The Tokyo company aims to more than triple Indian sales from

    August 4, 2017 01:48 pm JST
  • Indian Oil profit slumps 45% as refining margins shrink

    MUMBAI (NewsRise) -- State-owned Indian Oil Corp. reported a 45% slump in quarterly profit after margins for turning crude oil into fuels plunged at the nation's largest refiner.Standalone net income for the quarter ended in June was 45.49 billion r

    August 3, 2017 10:44 pm JST
  • India services PMI hits lowest in 4 years

    TOKYO -- India's new goods and services tax, introduced in July, has impacted the country's services sector. The Nikkei India Services Purchasing Managers' Index fell to 45.9 in July, the lowest reading since September 2013. June's figure was 53.1.A

    August 3, 2017 02:00 pm JST
  • China seen as blinking while impasse with India continues

    TOKYO -- Jingoistic frustrations surrounding the extended military standoff between China and India in the Himalayas threaten to undermine the influence of Chinese President Xi Jinping, who himself rose to power amid a nationalistic wave five years

    August 3, 2017 12:00 pm JST
  • Amazon and Alibaba square off in Southeast Asia

    BANGKOK -- Shoppers in Southeast Asia have long been wondering when Amazon.com will start offering its e-commerce services in their region.Local and regional e-tailers have been wondering the same thing. Taking the U.S. giant's eventual arrival as a

    August 3, 2017 10:00 am JST
  • Reliance Jio goes on the offensive with a 'free' feature phone

    MUMBAI India's richest man has left little doubt about his determination to establish Reliance Jio Infocomm as the leader in the country's booming telecom data market.Mukesh Ambani's latest move of offering fourth-generation network-enabled feature

    August 3, 2017 10:00 am JST
  • Amazon and Alibaba square off in Southeast Asia

    BANGKOK Shoppers in Southeast Asia have long been wondering when Amazon.com will start offering its e-commerce services in their region.Local and regional e-tailers have been wondering the same thing. Taking the U.S. giant's eventual arrival as a gi

    August 3, 2017 10:00 am JST
  • India's goods and services tax brings a month of chaos

    NEW DELHI Indian Prime Minister Narendra Modi has described the country's new goods and services tax as a "good and simple tax" that will help correct economic imbalances and boost foreign investment. But for shopkeepers like Tarun Bhateja, who runs

    August 3, 2017 10:00 am JST
  • Prerna Sharma: Indian farmers are suffering amid misguided policies, low prices and overcapacity

    Higher farm output -- helped by steadily increasing productivity and favorable monsoon weather after two consecutive drought-afflicted years -- should be making food producers happy. But Indian farmers are a dissatisfied bunch, and they're increasin

    August 3, 2017 10:00 am JST
  • Indian central bank cuts policy rate to 7-year low

    NEW DELHI -- The Reserve Bank of India on Wednesday cut its benchmark lending rate by 25 basis points to a seven-year low of 6% after inflation remained below target for a number of quarters.The cut came amid growing calls from analysts and governme

    August 3, 2017 02:42 am JST
  • Asia's 'tiger cubs' will feast on FDI in next decade: Nomura

    SINGAPORE -- India and five key Southeast Asian countries can expect a surge in foreign direct investment in the years to come, according to a new report from Nomura. India and the so-called ASEAN 5 -- Indonesia, Malaysia, Thailand, the Philippines

    August 2, 2017 12:56 am JST
  • Fosun's India plans catch wrong kind of attention

    HONG KONG - Shanghai-based Fosun International has become the latest Chinese conglomerate to meet roadblocks in an overseas acquisition.The company is reportedly facing problems in gaining approval from the Indian government for its planned acquisit

    August 2, 2017 12:26 am JST
  • Mukesh Ambani passes Li Ka-shing as Asia's second richest man

    MUMBAI -- Mukesh Ambani, the chairman and main shareholder of Indian conglomerate Reliance Industries, has overtaken Hong Kong's Li Ka-shing as Asia's second richest man in the Bloomberg Billionaires Index, riding investor confidence in Reliance Jio

    August 2, 2017 12:09 am JST
  • GST touches off India's deepest factory slowdown since 2009

    NEW DELHI -- Indian manufacturing activity slowed sharply in July, as the introduction of a much-heralded goods and services tax threw companies and consumers off balance.The Nikkei India Manufacturing Purchasing Managers' Index, which came out on T

    August 1, 2017 11:14 pm JST
  • Rate cut hopes drive Indian stocks to new heights

    SINGAPORE -- Market players see improving odds that the Reserve Bank of India will cut interest rates sometime this year, and they are doubling down on stocks accordingly.The Indian market is red hot, with the benchmark S&P BSE Sensex index setting

    August 1, 2017 09:46 pm JST