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  • 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
  • Mahindra acquires Turkish tractor maker in expansion drive

    MUMBAI -- Indian automaker Mahindra & Mahindra is acquiring a Turkish manufacturer of agricultural machinery as part of its ambitious overseas expansion strategy.Mahindra has agreed to pay $76 million to buy all shares of Erkunt Traktor Sanayii to r

    October 4, 2017 01:32 pm JST
  • Prerna Sharma

    Contract farming offers hope for Indian agriculture

    Indian farmers have to bear the risks of price volatility for their produce, especially perishable, horticultural goods. The absence of an effective price support system and the underdevelopment of postharvest infrastructure, such as cold chains, cr

    October 4, 2017 01:00 pm JST
  • Mitsui Chemicals, Toray to boost Asian diaper fabric output

    TOKYO -- Japan's Mitsui Chemicals and Toray Industries will each step up production of nonwoven fabric for disposable diapers in Asia to boost supply in a region expected to become one of the world's largest markets.Mitsui Chemicals will boost outpu

    October 4, 2017 04:37 am JST
  • Mahindra logs record-breaking month for Indian tractor sales

    MUMBAI -- Mahindra & Mahindra sold 44,000 tractors in September in its home market, up 52% from a year earlier to a monthly record, the Indian manufacturer said Tuesday.This year's monsoon brought adequate rainfall, raising hopes of bigger harvests

    October 4, 2017 03:41 am JST
  • GM to combine Asian, Latam operations as it ramps up electric

    BEIJING (Reuters) -- General Motors Co said on Tuesday it will combine operations outside of China and North America into a new organization based in Detroit, further scaling back its presence in money-losing markets as it ramps up spending on elect

    October 4, 2017 02:14 am JST
  • Indian shares rise tracking positive global cues

    MUMBAI (NewsRise) -- Indian shares advanced on Tuesday, tracking Asian markets, as upbeat economic data and prospects of tax reforms in the U.S. buoyed investor sentiment.The benchmark BSE Sensex added 0.7%, or 213.66 points, at 31,497.38, while the

    October 3, 2017 09:47 pm JST
  • World Bank says 64% of people who live in slums are in Asia

    SINGAPORE -- Around 64% of people who live in urban slums are in Asia, as the region experienced rapid rural-to-urban migration that has left millions of urban dwellers in poverty, according to the World Bank.East Asia, including China, was home to

    October 3, 2017 09:17 pm JST
  • Nikkei Asia300 Index gains as reserve ratio cut boosts Chinese banks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Tuesday, led by Chinese banks following a targeted cut in their reserve requirements by the nation's central bank.The Nikkei Asia300 Index rose 0.8% to 1,309.04. Industrial and Commercial B

    October 3, 2017 08:33 pm JST
  • Maruti Suzuki sales growth slows in September as Tata, Hyundai launch new cars

    MUMBAI (NewsRise) -- Maruti Suzuki India, the nation's largest car maker, reported a weaker-than-expected growth in September sales, even as rivals Hyundai Motor and Tata Motors surged ahead amid strong festive demand.Domestic sales of Maruti's cars

    October 3, 2017 08:21 pm JST
  • Indian banks struggle against deadline for national ID link

    NEW DELHI -- Indian banks are struggling to meet a Dec. 31 deadline requiring them to match individual accounts with holders of new national biometric identification cards. Customers have so far shown little interest in cooperating, even though the

    October 3, 2017 05:53 pm JST
  • Business Insight

    In China, digital innovators flock to Shenzhen

    For the technology creative classes, global politics might not be as big of a deal as we imagine.While Japanese Prime Minster Shinzo Abe and Chinese President Xi Jinping remain at odds over several unresolved regional issues, digital innovators in T

    October 3, 2017 05:00 pm JST
  • India's manufacturing PMI unchanged in September

    TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, remained unchanged at 51.2 in September.A reading above 50 indicates economic expansion, while one below 50 points toward contraction. The PMI has now registered figures abo

    October 3, 2017 02:00 pm JST
  • Rohingya crisis raises risks of terrorism and social unrest

    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 lo

    October 3, 2017 01:30 pm JST
  • South Korean baseball seeks to repeat past glories

    SEOUL -- Baseball is the leading sport in South Korea, but the game is battling a series of financial scandals amid worries that its popularity has peaked. Rebuilding the national team as it prepares for the 2020 Tokyo Olympics is seen as crucial fo

    October 3, 2017 11:30 am JST
  • India's Tata to build 1,000 electric vehicle charging spots

    NEW DELHI -- Tata Power looks to establish a network of 1,000 electric-vehicle charging terminals here in the Indian capital in five years, responding to the national government's plans to ban sales of gasoline- and diesel-engine vehicles by 2030.Th

    October 3, 2017 11:00 am JST
  • India's RCom scraps Aircel merger, deepening debt woes

    MUMBAI -- Reliance Communications and rival Indian wireless carrier Aircel are calling off a merger of mobile phone operations, likely forcing the Reliance ADA Group unit back to the drawing board on a plan to pay down its heavy debts.Abandoning the

    October 3, 2017 02:03 am JST
  • Nikkei Asia300 Index rises after China data, Wall Street boost

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan started the December quarter on a positive note, helped by better-than-expected factory activity data from China and a record run on Wall Street.The Nikkei Asia300 Index added 0.5% to 1,298

    October 2, 2017 08:36 pm JST
  • William Pesek

    Modinomics loses urgency at worst moment

    There is nothing like hubris for tripping up Indian leaders. Just ask Atal Bihari Vajpayee, who let a little success go to his head in 2004 when he led Narendra Modi's Bharatiya Janata Party to disaster.Vajpayee fought that election with a splashy "

    October 2, 2017 10:00 am JST