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  • SoftBank-Paytm deal gets go-ahead from Indian watchdog

    MUMBAI -- The Competition Commission of India has signed off on SoftBank's plan to invest $1.5 billion in One97 Communications, the parent of mobile payment platform Paytm. The decision clears the way for the Japanese technology group to proceed wit

    July 19, 2017 01:48 am JST
  • ITC drags Indian shares down after government boosts cigarette tax

    MUMBAI (NewsRise) -- Indian shares fell from record highs, dragged down by steep losses in index heavyweight ITC after the government increased taxes on cigarettes as part of the new Goods and Services Tax.The benchmark BSE Sensex lost 1.1%, or 363.

    July 18, 2017 09:30 pm JST
  • Hindustan Unilever profit beats expectations on cost cuts, higher sales

    MUMBAI (NewsRise) -- Hindustan Unilever, India's biggest consumer goods maker, Tuesday reported a better-than-expected 9.3% increase in first-quarter profit, helped by cost controls and a surge in sales.For the three-months ended June 30, the Indian

    July 18, 2017 09:04 pm JST
  • Asian currencies edge up as dollar slips to 10-month low

    Most Asian currencies edged up on Tuesday as the dollar came under renewed pressure, with the Thai baht hitting its strongest in more than two years and the won climbing to a 1-month high.Uncertainty over the pace of the Federal Reserve's policy tig

    July 18, 2017 03:50 pm JST
  • Infosys, Wipro lead India shares to record highs

    MUMBAI (NewsRise) -- Indian shares rose to a record, helped by software exporters Wipro and Infosys, as weaker-than-expected U.S. inflation data tempered expectations of a quick monetary tightening in the world's largest economy, spurring demand for

    July 17, 2017 09:40 pm JST
  • Tata Motors' truck business facing 'crisis situation,' chief says

    MUMBAI (NewsRise) - The head of Tata Motors, India's biggest truck maker, appealed to employees to shore up their performance as the company is facing a "crisis situation" amid rising competition from the local units of Volvo and Daimler.In a letter

    July 17, 2017 09:20 pm JST
  • Indian 'life insurance ladies' sell plenty of policies -- and carry a tune

    TOKYO -- Faced with dismal prospects for growth at home, Japan's life insurers are trying out some of their traditional sales tactics to try and make inroads in emerging Asian markets.Shortly after 9 a.m. every business day, scores of women bring Re

    July 17, 2017 07:00 pm JST
  • Chinese, South Korean, Indian apparel makers landing in Ethiopia

    ADDIS ABABA -- Ethiopia is fast developing into a dynamic apparel-sourcing hub as low labor costs lure international clothing makers to the African nation.Manufacturers from China, South Korea, India and other countries have opened new plants in the

    July 17, 2017 03:02 pm JST
  • Digital offerings power Infosys's quarterly earnings

    MUMBAI (NewsRise) - Infosys is set to power ahead with its digital push as India's second-largest software exporter disclosed its revenue from new Internet-based technologies for the first time since it started the drive more than two years ago.Info

    July 14, 2017 09:06 pm JST
  • Interview

    Key Indian adviser sees bumpy economic path

    NEW DELHI -- Political stability in India paved the way for root-and-branch reforms such as demonetization and the new Goods and Services Tax. But as one of the country's key economic advisers acknowledged, they came at a cost: subdued growth this y

    July 14, 2017 11:49 am JST
  • Tata Consultancy logs sharpest drop in quarterly profit in 2 years

    MUMBAI -- India's largest software services exporter, Tata Consultancy Services, has reported a 10% quarter-on-quarter decline in net profit to 59.45 billion rupees ($922.4 million) -- the biggest slide in two years -- for the three months ended in

    July 14, 2017 01:46 am JST
  • India promotes official GST Rate Finder app

    NEW DELHI -- For those confused by India's new multi-tiered goods and services tax, there is GST Rates Finder, an official smartphone android app that will "soon" have an iOS version."The moment you type in your key word, it will not only give you t

    July 13, 2017 09:45 pm JST
  • Indian farmers see the profit in going organic

    MUMBAI -- Locally-grown organic vegetables are finding a market among wealthy locals and foreign residents in India. High-end supermarkets in Mumbai and other large cities are making more space on their shelves for such chemical-free vegetables and

    July 13, 2017 03:48 pm JST
  • India and Israel get closer as their leaders hit it off in Jerusalem

    NEW DELHI Narendra Modi's three-day visit to Israel was both historic and productive. The first Indian prime minister to visit the Jewish state, Modi held in-depth talks with counterpart Benjamin Netanyahu that culminated in the signing of seven key

    July 13, 2017 10:00 am JST
  • India's online travel agencies cash in on wanderlust

    NEW DELHI India's top online travel agencies are expanding their services and embarking on acquisitions in a market where wealth and wanderlust are growing.The South Asian country's conventional travel business is extremely fragmented, with some 20,

    July 13, 2017 10:00 am JST
  • Foxconn, Apple and the partnership that changed the tech sector

    PALO ALTO, U.S. For Apple, Hon Hai Precision Industry is not just a subcontractor. It is a business partner. And though both sides are taking steps to reduce their mutual dependence, their fortunes remain very much entwined.Their ties deepened in 20

    July 13, 2017 10:00 am JST
  • Gianfranco Casati: Digital readiness can make all the difference for emerging Asia

    Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs, and such markets have been the source of dreams dating back to Marco Polo. For every index that suggests renew

    July 13, 2017 10:00 am JST
  • Netflix struggling to win over Asia

    BANGKOK -- Netflix, the U.S. video streaming giant, is spinning its wheels in Asia, a new market study shows. The number of its paid subscribers in the Asia-Pacific region is hovering at about 4.8 million. That is just under 11% of the company's tot

    July 13, 2017 02:00 am JST
  • Indian meat sellers cheer court suspension of Modi cattle ban

    NEW DELHI -- Meat sellers breathed a collective sigh of relief Wednesday, a day after India's Supreme Court suspended a government ban on the trade of cattle for slaughter."It's a question of our livelihood," said Mohammad Ashraf Seyyed, who works i

    July 13, 2017 01:05 am JST
  • Indian shares at record highs for third day as ONGC, HUL gain

    MUMBAI (NewsRise) -- Indian shares squeezed out marginal gains to stay at record highs, helped by advances in Oil & Natural Gas Corp., even as investors awaited the nation's retail inflation data and a congressional testimony by the U.S. Federal Res

    July 12, 2017 09:25 pm JST