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  • Nikkei Asia300 Index falls more as rising bond yields hurt equities

    MUMBAI (NewsRise) -- Asian stocks outside of Japan extended loses on Monday as rising long-term U.S. bond yields continued to pressure global equity markets.The Nikkei Asia300 Index dropped 1.5% to 1,482.59, adding to last week's more-than-2% declin

    February 5, 2018 09:08 pm JST
  • 'India is the new China,' say construction equipment makers

    TOKYO -- Big construction equipment makers are moving aggressively into India to try to grab a slice of the demand created by the country's drive to build roads, railways and other infrastructure since Prime Minister Narendra Modi took office in 201

    February 5, 2018 06:12 pm JST
  • Japan's Suzuki Motor profit jumps 68% in Q3 on strong India sales

    TOKYO (Reuters) -- Japan's Suzuki Motor Corp on Monday announced a 68 percent jump in operating profit in the third quarter due to ongoing growth in automobile and motorcycle sales in India, its biggest market, as well as in Europe and at home.Opera

    February 5, 2018 04:02 pm JST
  • Interview

    Cybersecurity a big opportunity for India's HCL Technologies

    SINGAPORE -- India's fourth largest software services exporter, HCL Technologies, is beating an industry lull as it looks to cybersecurity for revenue growth. In a recent interview, Swapan Johri, an executive vice president and the head of the compa

    February 5, 2018 02:02 pm JST
  • India Services PMI rises to 51.7 in January

    TOKYO -- The Nikkei India services Purchasing Managers' Index, or PMI, rose to 51.7 in January from December's 50.9.A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction."The recovery across India's serv

    February 5, 2018 02:00 pm JST
  • Alibaba deepens India push with BigBasket investment

    MUMBAI (Reuters) -- China's Alibaba became the biggest shareholder in India's leading online grocer BigBasket after a $300-million funding round, stepping up its rivalry with Amazon in the country.Alibaba invested $146 million in the grocer, subscri

    February 3, 2018 04:29 am JST
  • Bajaj Auto profit lags behind estimates on weak motorcycle sales

    MUMBAI (NewsRise) -- Bajaj Auto reported a smaller-than-expected third-quarter net profit as stiff competition in motorcycle business weighed on one of India's largest two-wheeler makers. Profit in the three months ended Dec. 31 stood at 9.52 billio

    February 2, 2018 11:02 pm JST
  • Hindalco Industries' profit misses estimates as costs jump

    MUMBAI (NewsRise) -- Hindalco Industries posted a slower-than-expected 17% increase in third-quarter net income as India's largest aluminum producer grappled with higher input costs amid a glut in copper output. The company, controlled by billion

    February 2, 2018 10:08 pm JST
  • India stocks slump most in more than a year as new tax spooks investors

    MUMBAI (NewsRise) -- Indian shares suffered their biggest loss in more than a year on Friday, ending an eight-week winning streak, as a government move to tax profits from the sale of equities spooked investors.The benchmark BSE Sensex declined 2.3%

    February 2, 2018 09:51 pm JST
  • Nikkei Asia300 Index falls as U.S. bond selloff damps appetite for risk assets

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended the week on a negative note as a selloff in U.S. bond market accelerated, sapping regional risk appetite.The Nikkei Asia300 Index declined 1% to 1,504.4. For the week, the gauge was down more

    February 2, 2018 08:42 pm JST
  • Modi makes populist push for 'New India' with 2018 budget

    NEW DELHI -- Nothing has underlined the challenge facing Indian Prime Minister Narendra Modi better than the results of three key by-elections in the western state of Rajasthan. His Bharatiya Janata Party lost two seats in the lower house of parliam

    February 2, 2018 07:43 pm JST
  • Praveen Chakravarty

    Modi puts politics first

    Indian Prime Minister Narendra Modi has put politics before economics in his government's last full budget before the next parliamentary election due in 2019.Finance Minister Arun Jaitley on Thursday threw the government's laudable five-year record

    February 2, 2018 07:00 am JST
  • With TPP agreed, RCEP members look to catch up

    TOKYO -- Chief negotiators from the 16 countries in the Regional Comprehensive Economic Partnership will meet Friday in Indonesia with an eye toward accelerating progress on the proposed trade pact in response to last month's deal on the 11-member T

    February 2, 2018 05:10 am JST
  • Delhi court upholds Daiichi Sankyo claim on ex-Ranbaxy owners

    MUMBAI -- The High Court of Delhi on Wednesday ordered owners of the former Ranbaxy Laboratories to pay about 35 billion rupees ($550 million) in damages to Japanese pharmaceutical company Daiichi Sankyo, upholding the verdict of an international ar

    February 2, 2018 02:31 am JST
  • Air India sale to spearhead $12bn divestment plan

    MUMBAI -- The Indian government hopes to receive 800 billion rupees ($12.55 billion) from a string of divestments in the fiscal 2018-2019 year, Air India expected to be the first in line for a stake sale.The government has approved the listing of 14

    February 1, 2018 10:31 pm JST
  • India consolidates oil sector with ONGC-HPCL merger

    NEW DELHI -- India's largest oil producer, Oil and Natural Gas, has completed the acquisition of a controlling stake in the country's second largest oil retailer, Hindustan Petroleum, as part of government plans to consolidate the industry and crea

    February 1, 2018 10:26 pm JST
  • India shares fall as government proposes new tax on profit from stocks

    MUMBAI (NewsRise) -- Indian stocks edged lower on Thursday after the government proposed in its federal budget a tax on profits from the sale of shares held beyond one year.The benchmark BSE Sensex declined 0.2% to 35,906.66 and the Nifty 50 Index d

    February 1, 2018 09:51 pm JST
  • India to spend more on farming, provisions for the poor

    NEW DELHI -- India unveiled Thursday its budget for the year starting April, with a pledge to spend more on strengthening the agricultural and rural economy and improving welfare services for the poor, in what was seen as an effort to woo voters ahe

    February 1, 2018 09:50 pm JST
  • Nikkei Asia300 Index slips as Fed flags U.S. inflation concerns

    MUMBAI (NewsRise) -- Asian stocks edged lower on Thursday, following the U.S. Federal Reserve's hawkish comments on inflation.The Nikkei Asia300 Index dropped 0.1% to 1,519.21.The losses on the index came amid concerns that interest rates in the U.S

    February 1, 2018 09:31 pm JST
  • Maruti Suzuki sales expands at slowest pace in 13 months in January

    MUMBAI (NewsRise) -- Maruti Suzuki India, the nation's largest car maker, posted the slowest sales growth in 13 months in January as higher vehicle prices damped demand.The automaker's total sales grew 4.8% to 151,351 units last month, it said in a

    February 1, 2018 09:00 pm JST