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  • Paytm founder Sharma enters Indian billionaire's club

    MUMBAI -- Vijay Shekhar Sharma, founder of financial technology startup Paytm, has debuted on the Forbes list of India's top 100 billionaires, riding the country's digital payments drive, which intensified after the demonetization of high-value note

    October 6, 2017 08:15 pm JST
  • Carlyle-backed AvanStrate looks to India for turnaround help

    TOKYO -- Glass substrate manufacturer AvanStrate hopes to mount a financial recovery under the auspices of India's Twin Star group, locking down buyers there for its display parts to overcome years of sagging earnings.Carlyle Group of the U.S. will

    October 6, 2017 05:59 am JST
  • German combustion technology maker Dungs seeks Asia growth

    TOKYO -- Karl Dungs, a leading German maker of combustion control systems, is looking to Asia for growth, seeing a need for its technology as countries shift from fossil fuels to natural gas and other alternative energy to reduce carbon emissions to

    October 5, 2017 10:57 pm JST
  • China's Oppo to build 550 service centers in India by year-end

    NEW DELHI -- Betting big on India, one of the world's fastest growing smartphone markets, Chinese handset maker Oppo plans to build 550 service centers across the country by the end of 2017.These centers "will cover all regions [across] India, so th

    October 5, 2017 09:52 pm JST
  • Indian shares post first drop in five days as banks decline

    MUMBAI (NewsRise) -- Indian shares fell for the first time in five days on Thursday, dragged down by banks amid concerns that a proposed regulation on setting lending rates could hurt their margins.The benchmark BSE Sensex fell 0.3%, or 79.68 points

    October 5, 2017 09:47 pm JST
  • India steps up electric vehicle push with order for 10,000 cars from Tata, Mahindra

    MUMBAI (NewsRise) -- The Indian government's decision to purchase 10,000 electric cars from Tata Motors and Mahindra and Mahindra underscores New Delhi's resolve to curb rising air pollution in its cities.The south Asian country joins China, France,

    October 5, 2017 09:40 pm JST
  • Nikkei Asia300 Index edges higher as Singapore property developers advance

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Thursday, helped by Singapore property developers and positive U.S. cues.The Nikkei Asia300 Index rose 0.2% to 1,315.07. Trading was thin as markets in Hong Kong, China, and South Korea wer

    October 5, 2017 08:27 pm JST
  • India's services activity returns to growth in September PMI

    TOKYO -- The Nikkei India Services Purchasing Managers' Index rose to 50.7 in September from August's 47.5.India's service sector PMI marked below the 50.0 neutral level in the previous two months due to the goods and services tax (GST) introduced i

    October 5, 2017 02:00 pm JST
  • Unraveling the mystery of 'missing' inflation

    TOKYO -- A burning question is keeping global economy watchers preoccupied: What explains the increasingly prevalent combination of stronger growth and low inflation? This mystery could have big implications for central banks eyeing the exit from mo

    October 5, 2017 01:00 pm JST
  • Resona to offer M&A brokerage services in Southeast Asia

    SINGAPORE -- Resona Holdings will launch a mergers and acquisitions service in Southeast Asia for Japanese companies, with its Singaporean subsidiary at the core of the operation.Using Resona Merchant Bank Asia, formerly AFC Merchant Bank, acquired

    October 5, 2017 12:40 pm JST
  • Tea Leaves

    India's toilet culture needs a good scrubbing

    I grew up in a village in the foothills of the majestic Himalayas, frolicking with friends in massive playgrounds and watching white cranes fly over lush green fields.The rice fields were beautiful and enticing, but also no-go areas for us -- the "g

    October 5, 2017 10:00 am JST
  • E-rickshaws are cleaning up India's crowded streets

    MUMBAI/NEW DELHI With many global automakers pressing ahead with fuel-saving, low-polluting electric cars, India is taking a niche route that may be more suited to its own market -- electric rickshaws.Popularly known as the "Toto," an e-rickshaw is

    October 5, 2017 10:00 am JST
  • Regional risks are brewing in Bangladesh's Rohingya camps

    COX'S BAZAR, Bangladesh The typical morning in Cox's Bazar might be described as tranquil. Boys and girls gather to peel the shells off shrimp brought in by small fishing boats. Tourists sit in quiet reflection on the beach, one of the world's longe

    October 5, 2017 10:00 am JST
  • Darjeeling's general strike ends too late to save tea harvest

    NEW DELHI A three-and-a-half month general strike demanding a separate state in the eastern Indian region of Darjeeling ended Sept. 27, after local authorities and residents reached a settlement. But the deal comes too late for this season's leaf ha

    October 5, 2017 10:00 am JST
  • India's toilet culture needs a good scrubbing

    I grew up in a village in the foothills of the majestic Himalayas, frolicking with friends in massive playgrounds and watching white cranes fly over lush green fields.The rice fields were beautiful and enticing, but also no-go areas for us -- the "g

    October 5, 2017 10:00 am JST
  • State Bank of India appoints new chairman

    MUMBAI -- Rajnish Kumar, managing director of the State Bank of India, has been appointed to succeed Arundhati Bhattacharya as the bank's chairman for a three-year term.Kumar, who had earlier served as the managing director and chief executive offic

    October 4, 2017 10:37 pm JST
  • Indian shares rise for fourth day as ITC leads gains

    MUMBAI (NewsRise) -- Indian shares rose for a fourth consecutive day on Wednesday with ITC leading the advances, as investors tracked record gains in U.S. equities.The benchmark BSE Sensex added 0.6%, or 174.33 points, to 31,671.71, while the broade

    October 4, 2017 10:04 pm JST
  • Nikkei Asia300 Index advances tracking record U.S. stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, buoyed by record-high U.S. equities, even as Chinese developers extended their gains.The Nikkei Asia300 Index advanced 0.3% to 1,312.51. Taiwan's financial markets were closed on Wed

    October 4, 2017 08:58 pm JST
  • E-tailers beat GST headwinds as India's largest festival nears

    NEW DELHI/MUMBAI -- With India's biggest festival, Diwali, just two weeks away, it is raining discounts across the country's e-commerce platforms. Homegrown Flipkart and global giant Amazon, two of the leaders, say they are ringing up strong sales a

    October 4, 2017 08:50 pm JST
  • Reserve Bank of India cuts growth forecast to 6.7%

    MUMBAI -- The Reserve Bank of India on Wednesday slashed its forecast for real economic growth to 6.7% this fiscal year ending March, from its prediction of 7.3% in August. RBI uses gross value added growth as a measure of economic growth instead of

    October 4, 2017 08:37 pm JST