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  • Sky-high real estate made Hong Kong Asia's priciest city: Julius Baer

    HONG KONG -- It is perhaps not surprising that Hong Kong, where even the top government official finds housing unaffordable, is the costliest metropolis in Asia.The semi-autonomous region of China jumped two places to lead 11 cities in an annual ran

    October 18, 2017 01:16 am JST
  • Wipro profit beats estimates but forecasts weak revenue growth

    MUMBAI (NewsRise) -- Wipro, India's third-largest software exporter, reported a surprise 6% increase in second-quarter profit, but forecast yet another period of weak revenue in October-December amid curtailed technology spending by clients.The Mumb

    October 17, 2017 09:49 pm JST
  • Indian shares end little changed after choppy session

    MUMBAI (NewsRise) -- Indian shares ended little changed on Tuesday as investors remained focused on company earnings ahead of a long weekend.The benchmark BSE Sensex shed 0.1%, or 24.48 points, to close at 32,609.16, while the broader Nifty 50 ended

    October 17, 2017 09:34 pm JST
  • Nikkei Asia300 Index gains tracking record-high U.S. stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan edged higher on Tuesday after all major U.S. indexes climbed to records overnight.The Nikkei Asia300 Index advanced 0.1% to 1,358.91.U.S stocks rose Monday along with the dollar, while bond yields d

    October 17, 2017 08:31 pm JST
  • India-led Australian megamine goes ahead despite public backlash

    MELBOURNE -- Australia, the world's largest exporter of coal and iron ore, is no stranger to big mining projects. Even so, the controversial Carmichael coal mine, which breaks ground this month, stands apart in terms of scale.By the time it begins o

    October 17, 2017 04:24 pm JST
  • Apple mulls introducing e-payment services in India

    MUMBAI (NewsRise) -- Apple's plan to introduce its Apple Pay services in India is set to heat up the race to dominate the nation's booming mobile payments market that has already lured Google, Amazon and Facebook's WhatsApp.India's mobile phone paym

    October 16, 2017 09:53 pm JST
  • Economic data, festive cheer lift Indian shares to record high

    MUMBAI (NewsRise) -- Indian shares rose to a record on Monday, helped by upbeat economic data and hopes that the festive season will boost consumer demand in Asia's third-largest economy.The benchmark BSE Sensex added 0.6%, or 200.95 points, to clos

    October 16, 2017 09:36 pm JST
  • Nepal takes central role in China-India gold smuggling

    KATHMANDU -- The silver car drove over 100km through the hairpin turns along the landslide-prone mountain road from Nepal's northern border with Tibet to Kathmandu, arriving in the capital just before midnight on Sept. 3. Hidden in the trunk was a p

    October 16, 2017 03:00 pm JST
  • India's $40bn wedding industry says 'I do' to foreign players

    NEW DELHI -- More and more foreign companies are breaking into India's lucrative wedding business ahead of the marriage season that traditionally follows the upcoming five-day annual Diwali Hindu festival of lights.India's $40 billion market for wed

    October 16, 2017 01:30 pm JST
  • Interview

    Unilever CEO values sustainable-development opportunities in Asia

    SINGAPORE -- When the United Nations issued its 17 Sustainable Development Goals, which were adopted by the organization in September 2015, Unilever Chief Executive Paul Polman stood out as the only business leader who took part in drafting the docu

    October 15, 2017 12:00 pm JST
  • G-20 upbeat on world economy, affirms coordination over risks

    WASHINGTON (Kyodo) -- Finance chiefs from the Group of 20 major economies agreed Friday to step up coordination in better coping with risk factors to the world economy such as North Korea, amid signs that 2017 will be the best year for global growth

    October 14, 2017 08:13 pm JST
  • Reliance Industries' wireless unit posts quarterly operating profits

    MUMBAI (NewsRise) -- Billionaire Mukesh Ambani's Reliance Industries said its wireless venture Reliance Jio Infocomm posted an operating profit in the first quarter of its commercial operations, after triggering a price war that shook India's teleco

    October 13, 2017 10:26 pm JST
  • Indian shares clock biggest weekly gain in three months

    MUMBAI (NewsRise) -- Indian shares recorded their best weekly gain in three months, with the Nifty index hitting a record high on Friday, driven by advances in index heavyweights Bharti Airtel and Reliance Industries.The benchmark BSE Sensex gained

    October 13, 2017 10:03 pm JST
  • India pushes for inclusive insolvency law

    MUMBAI -- India's plan to beef up its insolvency and bankrupcty law to tackle mounting bad debts has won initial praise from analysts.The government invited public comment earlier this week on draft rules extending the insolvency resolution processe

    October 13, 2017 09:09 pm JST
  • Nikkei Asia300 Index gains as Singapore stocks rally on economic growth

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday, helped by a rally in Singapore shares after better-than-expected third-quarter economic growth in the city-state.Samsung Electronics declined as record earnings were overshadowed by the

    October 13, 2017 08:45 pm JST
  • Asia Super Grid: SoftBank's latest dream stretches over 6 countries

    TOKYO -- SoftBank Group is launching an ambitious project to build a huge power transmission network stretching over six countries in Asia.Even Son Masayoshi, the hard-charging CEO of the telecom and internet conglomerate, who is known for boasting

    October 13, 2017 12:59 pm JST
  • Nippon Life affiliate gearing up for November IPO in India

    TOKYO -- Nippon Life Insurance Group's Indian asset management arm will make its stock market debut in that country next month, looking to fund expansion as India's middle class puts more of its money in the market.Reliance Nippon Life Asset Managem

    October 13, 2017 02:00 am JST
  • India's Tata Group to sell troubled telecom business to Bharti Airtel

    MUMBAI -- Tata Group has decided to sell its troubled consumer telecom businesses to India's largest mobile services provider Bharti Airtel for an undisclosed sum, making it the latest casualty of the fierce competition in the country's telecommunic

    October 12, 2017 11:06 pm JST
  • Tata Consultancy's second-quarter profit beats forecasts

    MUMBAI (NewsRise) -- Tata Consultancy Services, India's largest software exporter, posted a better-than-expected second-quarter net income as a surge in investments in new digital technologies fueled growth in revenues.The company, known as TCS, sai

    October 12, 2017 10:12 pm JST
  • Wall Street record run lifts Indian shares, Reliance up ahead of earnings

    MUMBAI (NewsRise) -- Indian shares rose, helped by gains in heavyweight Reliance Industries ahead of its quarterly earnings. Overnight advances on Wall Street also boosted Asian equity markets.The benchmark BSE Sensex added 1.1%, or 348.23 points, t

    October 12, 2017 09:05 pm JST