Search results

Results 1 - 20 of 5000
  • Cyberattack damage limited this time but Asia vulnerable

    TOKYO -- A global cyberattack that has swept Europe and the U.S. in the past several days has landed on Asian shores, inflicting limited damage. But experts warn Asian companies are more vulnerable in terms of cybersecurity and could be hit harder i

    June 29, 2017 04:48 pm JST
  • Simpler is better for Tata Group's new boss

    MUMBAI Natarajan Chandrasekaran, the new chairman of salt-to-software conglomerate Tata group, has begun streamlining the group's complicated shareholding structure, hoping to unlock value at its subsidiaries and reduce its massive debt.On June 23,

    June 29, 2017 10:00 am JST
  • Practo has some explaining to do with tax authorities

    BANGALORE High-flying health care startup Practo is being investigated by Indian authorities as to whether it evaded tax in a cross-border corporate restructuring.According to a notice from the Bangalore office of the Department of Income Tax seen b

    June 29, 2017 10:00 am JST
  • Trump and Modi bond over security

    WASHINGTON/TOKYO U.S. President Donald Trump and Indian Prime Minister Narendra Modi on June 26 agreed to bolster security cooperation, while apparently sidestepping the more sensitive subject of U.S. visas for skilled foreign workers.Trump's remark

    June 29, 2017 10:00 am JST
  • Brahma Chellaney: India's nuclear industry deserves a place in the sun

    The Indian government recently approved the construction of 10 commercial nuclear power reactors of indigenous design, initiating the largest nuclear building program in the world since the 2011 Fukushima disaster in Japan. The global nuclear power

    June 29, 2017 10:00 am JST
  • Chaitanya Kalbag

    India embarks on boldest tax reform since independence

    Indian Prime Minister Narendra Modi will test his popularity when he launches a national goods and services tax, India's biggest tax reform since independence in 1947, on July 1. It will be Modi's second big economic gamble in just eight months, aft

    June 29, 2017 09:00 am JST
  • India, France report damage in global cyberattack

    WASHINGTON/MOSCOW -- The cyberattack that surfaced in Ukraine and elsewhere Tuesday has now spread to France and India, and its origins in publicly available tools has stoked fears that further strikes may follow.Russia's central bank said Tuesday t

    June 29, 2017 06:08 am JST
  • Indian trade group says 60% of businesses not prepared for GST

    NEW DELHI -- Just days ahead of the July 1 implementation of India's ambitious goods and services tax, the Confederation of All India Traders said that about 60% of the nearly 60 million small businesses in the country have yet to adopt computerizat

    June 28, 2017 11:49 pm JST
  • India shares fall tracking weak regional markets

    MUMBAI (NewsRise) -- Indian shares fell Wednesday, weighed down by weakness across regional markets after an overnight selloff in the U.S. Investors also deferred purchases ahead of the expiry of the monthly derivatives contracts.The benchmark BSE S

    June 28, 2017 09:16 pm JST
  • SAIC to become first Chinese carmaker to open India factory

    NEW DELHI (NewsRise) -- SAIC Motor Corp. will open a car manufacturing plant in India in the next two years, becoming the first Chinese automaker to enter the country where more than a dozen companies battle it out with top selling Maruti Suzuki for

    June 28, 2017 09:04 pm JST
  • Modi wows Amazon, Apple chiefs with growth prospects

    NEW DELHI -- Prime Minister Narendra Modi presented India as an attractive investment destination when he met with top American business leaders -- including Amazon's Jeff Bezos, Apple's Tim Cook and Google's Sundar Pichai -- during his just-conclud

    June 28, 2017 07:27 am JST
  • Nikkei Asia300 Index flat ahead of Yellen speech

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan were little changed on Tuesday as investors paused ahead of a speech by the U.S. Federal Reserve Chair Janet Yellen for hints about the timing of the central bank's next rate increase.The N

    June 27, 2017 09:18 pm JST
  • India shares fall to one-month low as banking stocks slump

    MUMBAI (NewsRise) -- Indian shares fell to a more-than-one-month low on Tuesday, led by losses in banking stocks, after a newspaper reported that the central bank has asked for higher provisioning for loans given to companies involved in bankruptcy

    June 27, 2017 09:05 pm JST
  • Tata Group ramps up electric vehicle strategy as India seeks to curb air pollution

    NEW DELHI (NewsRise) --Tata Group is working on a comprehensive hybrid and electric vehicle strategy that includes developing lithium batteries as well as charging stations, as India promotes zero-emission automobiles in a bid to reduce the alarming

    June 27, 2017 07:06 pm JST
  • Trump and Modi bond over security as China looms

    WASHINGTON/TOKYO -- U.S. President Donald Trump and Indian Prime Minister Narendra Modi on Tuesday agreed to bolster security cooperation, while apparently sidestepping the more sensitive subject of U.S. visas for skilled foreign workers.Trump's rem

    June 27, 2017 04:05 pm JST
  • Trump urges India's Modi do more in trade

    WASHINGTON (Reuters) -- U.S. President Donald Trump urged Indian Prime Minister Narendra Modi to do more to relax Indian trade barriers on Monday during talks in which both leaders took great pains to stress the importance of a strong U.S.-Indian re

    June 27, 2017 08:13 am JST
  • RBS to cut 443 jobs in UK, move many of them to India

    British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.The Edinburgh-based bank said the cuts were part of a restructuring aimed at becoming a smaller bank."We

    June 26, 2017 10:00 am JST
  • India steps up domestic defense production drive

    NEW DELHI -- India is changing its law to open defense equipment manufacturing to the private sector, and companies are already vying for expected contracts and seeking out foreign partners. The Tata group was quick out of the blocks after the polic

    June 26, 2017 09:00 am JST
  • India retailers slash prices before GST kicks off

    NEW DELHI -- As India gears up for the biggest ever taxation reform, many of the country's retailers are looking to steal a march on the new system by offering huge discounts.Car dealers are offering price cuts of around 5% until the end of June, wh

    June 25, 2017 07:00 pm JST
  • Asia gets tough on shady business dealings

    TOKYO -- From the Philippines to Hong Kong to India, Asian governments are trying to boost economic development by cracking down on cartels, bid rigging and other anti-competitive business practices.In March, the Hong Kong Competition Commission too

    June 25, 2017 01:30 pm JST