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  • India shares decline ahead of monetary policy decision

    MUMBAI (NewsRise) -- Indian shares edged lower on Tuesday as investors awaited the outcome of the nation's Monetary Policy Committee's interest rate decision.The BSE Sensex slipped 0.2% to 32,802.44, and the Nifty 50 Index declined 0.1% to 10,118.25

    December 5, 2017 08:58 pm JST
  • India Services PMI contracts in November

    TOKYO -- The Nikkei India services Purchasing Managers' Index, or PMI, dipped into negative territory in November, in the first contraction in three months, as the country continued to reel from the effects of the new goods and service tax, or GST.J

    December 5, 2017 02:00 pm JST
  • Sreeram Chaulia

    India reaches out to Asia's heartlands

    The inauguration of the Shahid Beheshti port in Chabahar, southeastern Iran, by President Hassan Rouhani this week is a landmark event for the country which has sought to develop it since the time of the last Shah in the 1970s.To Iran, which aims to

    December 5, 2017 12:21 pm JST
  • Indian and Chinese banks' interests collide over Reliance Com

    MUMBAI/NEW DELHI -- Indian banks with exposure to Reliance Communications will soon face a China Development Bank-led syndicate in court, trying to block insolvency proceedings for the beleaguered telecommunications company in a case symbolizing Ind

    December 5, 2017 03:12 am JST
  • India shares gain as Infosys rallies after naming new CEO

    MUMBAI (NewsRise) -- Indian shares ended a four-session losing spell, edging higher on Monday, as index heavyweight Infosys rallied after the appointment of a new chief executive officer.The BSE Sensex advanced 0.1% to 32,869.72, and the Nifty 50 In

    December 4, 2017 09:23 pm JST
  • FDA OKs Biocon's biosimilar, raising hopes for Indian drug industry

    MUMBAI (NewsRise) -- The U.S. Food and Drug Administration's approval for Biocon's biosimilar drug - the first for an Indian company - is a shot in the arm for the domestic pharmaceutical industry, which has been ravaged by quality issues and is try

    December 4, 2017 09:11 pm JST
  • Nikkei Asia300 Index rises as U.S. inches closer to corporate tax cuts

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Monday as the U.S. took a step closer to passing a bill that offered significant tax cuts to businesses.The Nikkei Asia300 Index advanced 0.6% to 1,380.98.Index equity futures pointed to a stro

    December 4, 2017 08:34 pm JST
  • Indian and Chinese drugmakers move to crack Japan's market

    TOKYO -- Two major Asian pharmaceutical companies' plans to introduce new drugs in Japan highlight the changing balance of power in the industry. Sun Pharmaceutical Industries, the biggest drugmaker in India, plans to apply to Japan's health ministr

    December 4, 2017 06:00 pm JST
  • Asia now home to 75 unicorns as sharing economy takes off

    TOKYO -- Asia now has about 75 unicorn startups, accounting for 40% of the global total by value, a feat made possible by the region's booming on-demand industry -- especially in China.Founded in 2012, Didi Chuxing Technology now boasts over 400 mil

    December 4, 2017 03:45 pm JST
  • Vivek Pathak

    Small business has big role in fighting for climate goals

    It has been dubbed the "Uber for trucks." The e-logistics company Huochebang in China has developed an online platform that coordinates truckers, shippers and service centers. By the end of last year, the company was working with 2.3 million trucker

    December 4, 2017 12:00 pm JST
  • Casting beyond China, Makino machine tools drill deeper into Asia

    TOKYO -- Japanese machine tool maker Makino Milling Machine has been cashing in handsomely on the lucrative Chinese market, but it is not resting on its laurels. It is preparing to aggressively expand its sales and services into other emerging Asian

    December 4, 2017 12:00 pm JST
  • Willem H. Buiter

    The case for getting rid of high-denomination bank notes

    I previously discussed the merits of going cashless to enable central banks, including the Bank of Japan, to set interest rates at more negative levels. While that may not happen any time soon, eliminating large denomination paper currency notes --

    December 4, 2017 11:30 am JST
  • Maruti Suzuki November sales rise at fastest pace in three months

    MUMBAI (NewsRise) -- Maruti Suzuki India, the nation's largest car maker, posted the fastest sales growth in three months in November, helped by rising demand for its compactsport-utility vehicles.Domestic sales of Maruti's cars, minivans, and SUVs

    December 1, 2017 09:36 pm JST
  • Indian shares post weekly loss as investors take profits

    MUMBAI (NewsRise) -- Indian shares fell Friday to end the week lower as investors appeared to take profits and as lenders pulled back ahead of the nation's monetary policy review next week.The benchmark BSE Sensex fell 0.95% to close at 32,832.94 po

    December 1, 2017 08:54 pm JST
  • Nikkei Asia300 Index edges lower as Tencent extends losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan retreated Friday, as heavyweight Tencent Holdings extended losses and a private survey showed China's manufacturing activity weakened last month.The Nikkei Asia300 Index dropped 0.6% to 1,373.25. Fo

    December 1, 2017 08:31 pm JST
  • Missile test furthers India's push for Indian Ocean supremacy

    NEW DELHI -- India's recent test of a supersonic cruise missile is a strategic game-changer in the Indian Ocean, giving New Delhi the ability to hit targets as far away as the Strait of Malacca.The move continues a military buildup aimed at defendin

    December 1, 2017 04:00 pm JST
  • Paperless workflows turn Ricoh's world upside down

    TOKYO -- When Ricoh's newly appointed President and CEO Yoshinori Yamashita gathered his leadership team in his office in April, the executives quickly understood that more than the nameplate had changed. They found themselves huddling over a meetin

    December 1, 2017 04:00 pm JST
  • India manufacturing PMI rises to 13-month high in November

    TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, rose to a 13-month high of 52.6 in November from October's 50.3.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."India's

    December 1, 2017 02:00 pm JST
  • Nikkei Asia300 Index up 31% in first year from launch

    TOKYO -- The Nikkei Asia300 Index rose 31% in the first years since its launch on Dec. 1, 2016, buoyed by fast-growing Asian companies that are aggressively adopting information technologies, and by a surging health care sector.The index is calculat

    December 1, 2017 10:50 am JST
  • Japan's Renesas partners with Indian carmaker Mahindra

    TOKYO -- Japanese chipmaker Renesas Electronics will work with Indian automaker Mahindra & Mahindra to develop a broad range of vehicle-related technologies under a deal announced Thursday.As a first step, Renesas will supply semiconductors for Mahi

    December 1, 2017 07:08 am JST