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  • Saudi Aramco looks to Asia for its energy growth

    TOKYO Saudi Aramco, the state oil company of Saudi Arabia, wants to expand further in Asia as part of the kingdom's drive to diversify its economy, President and CEO Amin Nasser said in an interview in Tokyo."Saudi Aramco is looking at additional in

    February 8, 2018 10:00 am JST
  • Cybersecurity is good business for Indian software company

    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, a corporate vice president and the head of the company's

    February 8, 2018 10:00 am JST
  • Elephants ransack Indian villages as habitat disappears

    MECHI RIVER, India-Nepal border Most frontier barriers are erected to prevent humans from breaching boundaries, but along India's northeastern border with Nepal an electrified fence stops a different kind of intruder -- hungry elephants. The consequ

    February 8, 2018 10:00 am JST
  • India's auto market primed as next battleground

    NEW DELHI -- India is increasingly drawing the attention of global automakers, as the world's fourth-largest market of 4 million autos shines with potential for further growth.The market in the world's second-most-populous country is seen reaching 1

    February 8, 2018 06:49 am JST
  • Big automakers showcase electric vehicles at India auto show

    GREATER NOIDA, India -- Top domestic and foreign car manufacturers such as Tata Motors, Maruti Suzuki India, Kia Motors and Honda Motor on Wednesday unveiled their next-generation models, including much-talked-about electric vehicles, at the biennia

    February 8, 2018 12:08 am JST
  • Cipla quarterly profit misses estimates as competition hurts U.S. sales

    MUMBAI (NewsRise) -- Cipla reported a weaker-than-expected 6.9% increase in third-quarter net profit, as sustained price competition in the U.S. weighed on India's fourth-largest drug maker.Consolidated net income for the three months ended in Decem

    February 7, 2018 09:27 pm JST
  • India shares fall after MPC raises inflation forecasts

    MUMBAI (NewsRise) -- Indian shares declined Wednesday, after the nation's Monetary Policy Committee kept interest rates unchanged while raising inflation forecasts.The BSE Sensex dropped 0.3% to 34,082.71, its lowest level since Jan. 4, and the Nift

    February 7, 2018 09:05 pm JST
  • Nikkei Asia300 Index falls, dragged down by Chinese banks

    MUMBAI (NewsRise) -- Asian equities outside of Japan fell Wednesday, as losses in heavyweight stocks overshadowed an overnight rally in U.S. indexes.The Nikkei Asia300 Index declined 0.7% to 1,416.66, adding to Tuesday's tumble of more than 3%. Chin

    February 7, 2018 08:43 pm JST
  • Reserve Bank of India keeps repo rate at 6% on inflation fears

    MUMBAI -- The Reserve Bank of India held the repo rate steady on Wednesday despite the government wanting it lowered, as retail inflation is close to the bank's upper limit.The six-member Monetary Policy Committee, headed by RBI Governor Urjit Patel

    February 7, 2018 06:04 pm JST
  • Kia showcases India-exclusive SUV in warmup for market entry

    GREATER NOIDA, India -- Kia Motors on Wednesday unveiled a concept compact SUV "specially designed and dedicated" to the Indian market, marking its debut in a country its sister company, Hyundai Motor, entered over two decades ago."Even though we ha

    February 7, 2018 05:57 pm JST
  • Asian manufacturers make strong start to 2018

    HONG KONG -- Asian manufacturers started the year strongly as global trade picked up in January, the latest Nikkei Manufacturing Purchasing Managers' Index (PMI) survey shows.Nine of 11 Asian economies surveyed saw an expansion of manufacturing acti

    February 7, 2018 01:50 pm JST
  • Hero MotoCorp third-quarter profit rises 4.3% on rising two-wheeler demand

    NEW DELHI (NewsRise) -- Hero MotoCorp, India's largest two-wheeler maker, posted a modest 4.3% rise in third-quarter net profit as higher commodity costs partly eroded gains from higher sales volumes.Net profit increased to 8.05 billion rupees ($125

    February 6, 2018 10:12 pm JST
  • Lupin profit misses estimates on forex loss, one-time charge

    MUMBAI (NewsRise) -- Lupin's third-quarter profit lagged behind forecasts as foreign exchange losses and a one-time charge compounded the woes of India's third-largest drug maker grappling with a protracted slump in sales in the U.S.Consolidated net

    February 6, 2018 09:12 pm JST
  • India shares decline for sixth day after Wall Street rout

    MUMBAI (NewsRise) -- Indian shares fell for the sixth-straight day, triggered by Wall Street's biggest selloff in more than six years amid concerns over U.S. inflation.The BSE Sensex dropped 1.6% to 34,195.94 and the Nifty 50 Index tumbled 1.6% to 1

    February 6, 2018 08:41 pm JST
  • Nikkei Asia300 Index slumps after Wall Street losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan tumbled Tuesday after U.S. markets plunged and volatility jumped amid lingering concerns over U.S. inflation.The Nikkei Asia300 Index declined 3.8% to 1,426.87.The S&P 500 Index slumped more than 4%

    February 6, 2018 08:27 pm JST
  • Maldives declares state of emergency as political crisis escalates

    MALE/COLOMBO (Reuters) -- Maldives President Abdulla Yameen on Monday declared a state of emergency for 15 days and security forces stormed the Supreme Court in signs that a crisis over a jailed former president is coming to a head.Yameen has run th

    February 6, 2018 04:05 am JST
  • Suzuki and Mitsubishi Motors flying high in emerging nations

    TOKYO -- Growth in mainstay emerging markets helped Japan's Suzuki Motor score record results for the nine months ended December and compatriot Mitsubishi Motors steer back into the black.Suzuki's consolidated net profit for the April-December perio

    February 6, 2018 03:54 am JST
  • Singtel ups stake in India's Bharti Telecom for $420m

    SINGAPORE -- Singapore Telecommunications is expanding its foothold in the Indian market by increasing its stake in Bharti Telecom, despite a fierce price war in the industry.Singtel said Monday its wholly owned subsidiary Singtel International Inve

    February 5, 2018 11:30 pm JST
  • Tata Motors profit rises 13-fold on Jaguar Land Rover demand in China

    NEW DELHI (NewsRise) -- Tata Motors posted an almost 13-fold growth in third-quarter net income, helped by demand for Jaguar and Land Rover vehicles in China.However, the profit lagged behind analysts' expectations as the British luxury unit suffere

    February 5, 2018 11:02 pm JST
  • India shares extend losses amid global equity rout

    MUMBAI (NewsRise) -- Indian shares extended losses on Monday, as equities across the world wilted amid concerns over rising U.S. yields.The BSE Sensex slipped 0.9% to 34,757.16 and the Nifty 50 Index dropped by a similar margin to 10,666.55, marking

    February 5, 2018 09:26 pm JST