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  • India shares fall for sixth day amid rising geopolitical worries in region

    MUMBAI (NewsRise) -- Indian shares fell for a sixth straight session on Tuesday as caution weighed on investor sentiment amid persisting U.S.- North Korea tensions.The benchmark BSE Sensex index declined 0.1%, or 26.87 points, to 31,599.76, while th

    September 26, 2017 09:57 pm JST
  • Godrej Group's animal feeds unit to sell shares in India IPO

    MUMBAI (NewsRise) -- India's Godrej Group is selling shares in its animal-feeds business to raise as much as 12 billion rupees ($184 million), marking the group's first initial public offering (IPO) in more than seven years.The Mumbai-based group, w

    September 26, 2017 08:58 pm JST
  • Technology stocks drag Nikkei Asia300 Index down

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Tuesday, weighed by a slump in technology stocks and North Korea's latest round of threats.The Nikkei Asia300 Index shed 0.5% to close at 1,297.50. Tencent Holdings dropped 1.2% in Hong Kon

    September 26, 2017 08:43 pm JST
  • Modi under mounting pressure to reshape economy

    NEW DELHI -- Prime Minister Narendra Modi's announcement Monday of a $2.5 billion program to take electricity to 40 million of India's poorest households bore all the hallmarks of his recent economic policies. Two-thirds of the way into his five-yea

    September 26, 2017 07:43 pm JST
  • Unilever plots rebound with products developed in India, Indonesia

    JAKARTA / MUMBAI -- At a bustling mall in central Jakarta, a new line of lipsticks, eyeshadows, and foundations has emerged alongside well-known brands such as Revlon and Maybelline. Unilever debuted Lakme, its first makeup brand in Muslim majority

    September 26, 2017 07:35 pm JST
  • Global trade, China will buoy Asia's growth to 5.8% in 2018

    MANILA -- China's better-than-expected economic expansion and a rebound in global trade will buoy growth in Asia, the Asian Development Bank said in a report on Tuesday.In its Asian Development Outlook Update, the regional lender forecast 5.9% growt

    September 26, 2017 10:30 am JST
  • India shares fall as geopolitical tensions drag Asian markets lower

    MUMBAI (NewsRise) -- Indian shares fell for a fifth straight session, tracking other Asian markets, amid lingering geopolitical tensions over North Korea and heavy selloff by foreign investors.The benchmark BSE Sensex declined 0.9%, or 295.81 points

    September 25, 2017 10:10 pm JST
  • Amazon gains 80 physical stores in India with retailer stake

    MUMBAI (NewsRise) -- Amazon's first investment in an Indian brick-and-mortar retailer is set to bulk up the U.S. company's fashion offerings, a category now dominated by its local rival, Flipkart Internet.Amazon's backing is also a win for retail ch

    September 25, 2017 09:50 pm JST
  • Nikkei Asia300 Index declines as Chinese real-estate stocks slump

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Monday, weighed by a slump in Chinese real-estate developers and suppliers to Apple.The Nikkei Asia300 Index declined 0.8% to 1,303.90. China Vanke and China Overseas Land & Investment plunged

    September 25, 2017 08:32 pm JST
  • Drone companies showcase 'smart guard' solutions for Indian borders

    NEW DELHI -- India is a potentially huge customer for drones to monitor vital installations, a coastline of more than 7,500km, and over 15,100km of borders with seven countries -- including old foes China and Pakistan.The country's land borders have

    September 23, 2017 02:51 pm JST
  • Indian shares slump the most in 10 months on fiscal deficit concerns

    MUMBAI (NewsRise) -- Indian shares plunged the most in ten months on Friday as concerns over the nation's fiscal deficit and escalating tensions in North Korea prompted a selloff.The benchmark BSE Sensex fell 1.4%, or 447.60 points, to 31,922.44 whi

    September 22, 2017 09:41 pm JST
  • Nikkei Asia300 Index falls as North Korea tensions resurface

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Friday as North Korea's threat of a hydrogen bomb test exacerbated tensions surrounding the region, hurting investor appetite.The Nikkei Asia300 Index lost 1% to end at 1,313.72. For the we

    September 22, 2017 08:53 pm JST
  • Amazon, Flipkart splurge on discounts in India's festive sale

    MUMBAI (NewsRise) -- As India enters its peak festive shopping period, e-commerce companies Flipkart Internet and Amazon are battling for consumers in a much-awaited annual sale event by deepening discounts and widening the array of merchandise on o

    September 22, 2017 07:58 pm JST
  • Mahindra looks to give farmers a hand with self-driving tractors

    MUMBAI -- Mahindra & Mahindra plans to commercialize tractors with self-driving technology starting in the first half of next year, targeting its home country of India as well as such developed markets as Japan and the U.S.The farm equipment maker,

    September 22, 2017 05:19 am JST
  • Tata Sons to go private, tighten ownership grasp

    MUMBAI -- Tata Sons, the holding company for $103 billion conglomerate the Tata group, has received shareholder approval to convert into a private company over the objections of ousted former Chairman Cyrus Mistry, who has alleged mismanagement and

    September 22, 2017 02:35 am JST
  • Private banks drag down India Sensex

    MUMBAI (NewsRise) -- Indian shares fell Thursday, led by private banks, but a recovery in drug makers helped erased most of the earlier losses.The benchmark BSE Sensex declined 0.1%, or 30.47 points, to close at 32,370.04, while the broader Nifty 50

    September 21, 2017 09:43 pm JST
  • Tata Motors starts sale of compact SUV in bid to turnaround India business

    NEW DELHI (NewsRise) -- Tata Motors entered India's crowded market for compact sport-utility vehicles (SUVs) with a new model on Thursday as the automaker steps up efforts to turnaround its domestic business.The Nexon will allow Tata Motors to take

    September 21, 2017 08:59 pm JST
  • Asia will be home to 60% of world's elderly by 2030s: Deloitte

    SINGAPORE -- Some 60% of the world's population of people over 65 years old will live in Asia by 2030, causing a number of economies in the region to face demographic challenges before they get rich enough, according to a recent report by consultanc

    September 21, 2017 02:45 pm JST
  • Export growth brings currency headaches for Asia

    SINGAPORE/MUMBAI Pasir Panjang, a port in southern Singapore, is bustling with activity. Total container throughput in August rose 9.9% on the year to 2.94 million TEUs (twenty-foot equivalent units), according to the Maritime and Port Authority of

    September 21, 2017 10:00 am JST
  • Chinese makers offer Asia what Apple doesn't: Affordability

    BANGKOK On a recent Saturday morning, the MBK Center, a regional mecca for electronic gadgets in the heart of the Thai capital, was crowded with young technology buffs. Just days earlier, Apple had unveiled its iPhone X, but despite the worldwide bu

    September 21, 2017 10:00 am JST