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  • Ritesh Kumar Singh

    How not to fix private health care in India

    The Indian government is moving toward a cap on the prices of widely used medical devices as a way of preventing overcharging by private hospitals, an important part of the national health system. But price controls are unlikely to resolve the probl

    August 20, 2017 11:00 am JST
  • Train derails in India, at least 14 killed, says local official

    NEW DELHI (Reuters) -- A train came off the tracks in India's northern state of Uttar Pradesh on Saturday, killing at least 14 people and wounding dozens more as carriages slammed into each other, a local official said.TV channel CNN News18 put the

    August 20, 2017 01:31 am JST
  • Is India-China trade war looming?

    NEW DELHI -- India and China, Asia's two nuclear-armed giants, have been engaged in a tense border standoff for the past two months, raising concerns that the repercussions will spread to their economic and trade ties.The two countries, which have l

    August 19, 2017 01:17 am JST
  • Infosys plunges on governance turmoil

    MUMBAI -- Infosys Managing Director and CEO Vishal Sikka on Friday stepped down from his post amid infighting between the board and the founders of the IT company over corporate governance lapses, in events reminiscent of those at the Tata Group end

    August 18, 2017 11:30 pm JST
  • India shares fall as Infosys slumps after CEO Sikka quits over spat with co-founder

    MUMBAI (NewsRise) - Software exporter Infosys dragged Indian shares lower for the first time in four days on Friday as the surprise resignation of its Chief Executive Vishal Sikka caused the stock to suffer the biggest fall in more than four-years.T

    August 18, 2017 09:43 pm JST
  • Nikkei Asia300 Index posts weekly rebound as geopolitical tensions ease

    HONG KONG (Nikkei Markets) - Asian stocks outside of Japan ended the week higher as geopolitical tensions between North Korea and the U.S. faded after the isolated state said it will delay plans to fire missiles toward Guam.The Nikkei Asia300 Index

    August 18, 2017 08:26 pm JST
  • Infosys' Vishal Sikka steps down as CEO

    MUMBAI -- Vishal Sikka has stepped down as managing director and CEO of Infosys.The move comes less than three years after he accepted the high-profile positions.In that time, Infosys founder Narayana Murthy has been on a corporate governance crusad

    August 18, 2017 03:01 pm JST
  • Indians more amused than outraged by Chinese '7 Sins' video

    NEW DELHI (Reuters) -- Indians have been more amused than outraged by an agitprop video released by a Chinese state news agency that accuses India of perpetrating "Seven Sins" in a two-month-old frontier standoff and resorts to a racial stereotype t

    August 18, 2017 11:23 am JST
  • Indian smartphone brands see shipments rebound in first quarter

    MUMBAI (NewsRise) -- Shipments of Indian brands of smartphones rose for the first time in four quarters in April-June, but maintaining the growth momentum could be a tall order for handset makers as billionaire Mukesh Ambani's Reliance Jio is set to

    August 17, 2017 08:20 pm JST
  • Asian hedge funds rebuild assets, reach 18-month high

    TOKYO -- Asia's hedge funds have the most assets under management since the end of 2015, thanks to brisk performance by Indian and Chinese stocks as well as more investor interest.Funds in the region managed $117.1 billion at the end of June, U.S. c

    August 17, 2017 02:08 am JST
  • Indian shares jump most in a month as geopolitical tensions ease

    MUMBAI (NewsRise) -- Indian shares recorded their biggest gain in more than a month on Wednesday, tracking upbeat regional markets as easing geopolitical tensions boosted appetite for risk assets.The BSE Sensex gained 1%, or 321.86 points, to end at

    August 16, 2017 09:33 pm JST
  • Vodafone India warns revenue to `further deteriorate' amid Jio onslaught

    MUMBAI (NewsRise) -- Vodafone India, the nation's second-largest mobile phone operator, has warned that its revenue is likely to "further deteriorate" in the current quarter amid fears that new entrant Reliance Jio's move to lure customers with a vi

    August 16, 2017 08:46 pm JST
  • South Asian literary duel highlights festival boom

    LONDON -- On either side of the River Thames, two nations often in conflict were recently unified by a single topic, with simultaneous panels sharing stories of the event that gave birth to both: the partition of British India into India and Pakista

    August 16, 2017 12:08 pm JST
  • India, China soldiers involved in border altercation - Indian sources

    NEW DELHI/SRINAGAR, India (Reuters) -- Indian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries which are already locked in a two-month s

    August 16, 2017 10:09 am JST
  • Japanese solar project aims to bridge India's energy gap

    TOKYO -- A group led by a Japanese green-energy body has started running a hybrid solar-energy system in India that could help meet the nation's growing electricity demand.The solar microgrid, which also incorporates several diesel generators, will

    August 15, 2017 05:31 am JST
  • Coal India profit lags behind estimates on rising costs

    MUMBAI (NewsRise) -- Coal India, the world's largest producer of the fuel, reported a wider-than expected 23% drop in first-quarter net income as rising expenses continued to dent profitability at the state-owned company.Consolidated net profit for

    August 14, 2017 10:46 pm JST
  • Tata Power profit jumps two-fold on renewable energy business

    MUMBAI (NewsRise) -- Tata Power, India's largest private power producer, reported a more than two-fold jump in first-quarter net profit, helped by surging renewable business.In the quarter ended June 30, Tata Power posted a net profit of 1.64 billio

    August 14, 2017 10:30 pm JST
  • Drugmakers lead Indian shares higher after worst week in 2017

    MUMBAI (NewsRise) -- Indian shares rebounded after chalking up their worst week in 2017, tracking equity gains across the region, as bargain hunters snapped up beaten-down stocks.The BSE Sensex added 0.8%, or 235.44 points, to end at 31,449.03 on Mo

    August 14, 2017 09:51 pm JST
  • Nikkei Asia300 Index recovers from weekly loss as US inflation damps Fed rate hike bets

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rebounded from a weekly loss, tracking gains on Wall Street after slower-than-expected U.S. inflation data eased expectations of another rate increase this year.The Nikkei Asia300 Index add

    August 14, 2017 09:24 pm JST
  • China, India lead Asian advance of smartphone payment

    SHANGHAI/MUMBAI -- Mobile phone-based payment is spreading rapidly through emerging Asian economies, where low takeup of other methods has allowed the services to leapfrog older technologies.The Bingo Box, which opened in a Shanghai suburb in June,

    August 14, 2017 08:00 am JST