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  • Bharti Airtel profit plunges 75% as price war by Ambani's Jio hurts margins

    MUMBAI (NewsRise) -- Bharti Airtel, India's largest mobile phone operator, posted a 75% slump in first-quarter profit as a price war triggered by new entrant Reliance Jio continued to crush its revenue and margins.Consolidated net profit of Bharti A

    July 25, 2017 10:33 pm JST
  • India shares end little changed on profit booking after Nifty rises to record

    MUMBAI (NewsRise) -- Indian shares ended little changed on Tuesday, retreating from record highs, as investors took profits in stocks such as Reliance Industries after the Nifty index hit the 10,000 mark for the first-time ever.The benchmark BSE Sen

    July 25, 2017 09:29 pm JST
  • Zee Entertainment profit misses estimates as India ad spending slows

    MUMBAI (NewsRise) -- Zee Entertainment Enterprises, India's largest listed media company, reported a weaker-than-expected first-quarter profit, weighed by declining subscription revenue and a slowdown in advertising spending in Asia's third-largest

    July 24, 2017 10:19 pm JST
  • HDFC Bank, Reliance Industries lead Indian shares to record

    MUMBAI (NewsRise) -- Indian shares rose to a record on Monday, driven by gains in HDFC Bank following the lender's first-quarter earnings, while Reliance Industries extended gains on optimism over it wireless unit's launch of a low-cost 4G-enabled p

    July 24, 2017 09:27 pm JST
  • Celebrated chef's cooking rooted in communal kitchen in India

    NEW YORK -- Vikas Khanna doesn't consider himself an "ambassador" of Indian culture.The founder of the Michelin star-winning New York restaurant Junoon says such a title is more fitting for dignitaries like Indian Prime Minister Narendra Modi, whom

    July 23, 2017 06:30 am JST
  • India's Reliance Jio announces 'effectively' free 4G feature phones

    MUMBAI -- After upsetting the broadband market in India by offering ultra-cheap data tariffs, India's richest man Mukesh Ambani is now aiming to disrupt services further with the introduction of fourth-generation network-enabled feature phones -- th

    July 22, 2017 12:52 am JST
  • India likely to change financial year, Jaitley tells parliament

    NEW DELHI -- The Indian government is considering changing the country's unusual April-March financial year to January-December, Finance Minister Arun Jaitley told parliament on Friday.The change to the international calendar year would align India

    July 21, 2017 11:46 pm JST
  • Reliance Industries' earnings, new phone launch lead Indian shares higher

    MUMBAI (NewsRise) -- Indian shares ended higher on Friday, driven by gains in Reliance Industries as the company reported upbeat first-quarter earnings and unveiled plans by its wireless unit to offer a low-cost 4G-enabled phone.The benchmark BSE Se

    July 21, 2017 09:43 pm JST
  • Children of dead farmers demand government action

    NEW DELHI -- Bhagyashree has only vague recollections of her father, one of thousands of poor farmers who commit suicide each year when they find themselves unable to repay loans.The 10-year-old from Nasik in the western state of Maharashtra also ge

    July 21, 2017 01:01 am JST
  • Wipro to buy back $1.7 billion worth stocks, profit beats estimates

    MUMBAI (NewsRise) -- Wipro, India's third-largest software exporter, Thursday said it will buy back shares worth up to 110 billion rupees ($1.71 billion), becoming the latest outsourcing company rushing to reward investors.Wipro's board has approved

    July 20, 2017 09:54 pm JST
  • India stocks edge lower as earnings disappoint investors

    MUMBAI (NewsRise) -- Indian shares ended a choppy session slightly lower, lagging behind the rest of Asia, as investors stayed cautious amid a slew of weak corporate earnings.The benchmark BSE Sensex declined 0.2%, or 50.95 points, to end trading at

    July 20, 2017 09:08 pm JST
  • Tata Motors to launch small SUV for India festival season

    NEW DELHI (NewsRise) -- Tata Motors Ltd. will start selling a new compact sport-utility vehicle in the next couple of months, coinciding with India's festival season, as it seeks to accelerate sales by tapping the growing demand for SUVs in the coun

    July 20, 2017 06:12 pm JST
  • Prerna Sharma

    Decoding India's agrarian unrest

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

    July 20, 2017 12:00 pm JST
  • Why are Indian and Chinese troops facing off over a scrap of Bhutan?

    NEW DELHI Thousands of Chinese and Indian troops have been engaged in a standoff at a border area between Bhutan and China for the last month. Tough talk has been exchanged, but so far no bullets have. Questions have arisen in India about who in Chi

    July 20, 2017 10:00 am JST
  • In a signal to China, India joins US-Japan naval exercises

    MUMBAI India is stepping up its guard against China on the high seas as well. In the Indian Ocean, on the sea route in China's "One Belt, One Road" initiative, a joint exercise was recently conducted by Japan, the U.S. and India.The Indian navy sent

    July 20, 2017 10:00 am JST
  • Beijing's Belt and Road ambitions rekindle Sino-Indian row

    NEW DELHI -- The latest armed border standoff between India and China, now entering its second month, traces its roots to tensions over the latter's Belt and Road infrastructure initiative.Starting in mid-June, both sides have deployed troops on the

    July 20, 2017 07:02 am JST
  • India shares post gains as drug makers, ITC advance

    MUMBAI (NewsRise) -- Indian shares rose Wednesday, helped by gains in pharmaceutical stocks and a rebound in ITC from a slump triggered by higher taxes on cigarettes.The benchmark BSE Sensex added 0.8%, or 244.36 points, to 31,955.35 points, while t

    July 19, 2017 09:38 pm JST
  • India insurers chalk up IPO plans as rapid growth kindles investor interest

    MUMBAI (NewsRise) -- SBI Life, the insurance unit of India's biggest bank, and a clutch of rivals are pushing ahead with plans to sell their shares through initial public offerings,as the industry's pace of growth fuels strong investor appetite.The

    July 19, 2017 09:16 pm JST
  • Race to the bottom for region's sand miners

    JAKARTA -- As Asia's economies grow and its cities modernize, the region's voracious appetite for construction materials has driven demand for sand -- alongside illegal trade of the commodity -- to unprecedented levels. With rapid urbanization and i

    July 19, 2017 07:04 pm JST
  • India struggles with teething problems post-tax rollout

    NEW DELHI -- Still grappling with the confusion over the new goods and services tax introduced two weeks ago, India has launched training centers to create a pool of tax professionals who can advise small businesses."I don't really know much about G

    July 19, 2017 02:39 am JST