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  • India shares post weekly gain as Gujarat exit polls spur rally

    MUMBAI (NewsRise) -- Indian shares rose this week, helped by a rally on Friday after exit polls predicted Prime Minister Narendra Modi's Bharatiya Janata Party to win Gujarat state elections.The BSE Sensex advanced 0.6% this week, after rising 0.7%

    December 15, 2017 11:40 pm JST
  • Nepali voters choose left alliance in rebuke to India

    KATHMANDU -- Even before the final count is in, supporters of Nepal's communist coalition sniffed victory in a landmark election held over two stages, on Nov. 26 and Dec. 7, and have begun celebrating. The sound of drums echoed in a historic corner

    December 15, 2017 09:38 pm JST
  • Tata links with GE to make jet engine parts

    MUMBAI -- India's Tata group has partnered with General Electric of the U.S. to manufacture jet engine parts in the south Indian city of Hyderabad, starting a broader plan to pursue military engine and aircraft system opportunities for the local mar

    December 15, 2017 09:16 pm JST
  • Nikkei Asia300 Index falls tracking Wall Street losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday as uncertainty over U.S. tax reforms damped investors' risk appetite.Indian shares rallied, bucking the trend, after exit polls predicted a victory for Prime Minister Narendra Modi's Bha

    December 15, 2017 08:24 pm JST
  • India stocks advance tracking regional markets

    MUMBAI (NewsRise) -- Indian shares rose Thursday in line with most regional markets even as investors awaited the election outcome in the western state of Gujarat.The BSE Sensex advanced 0.6% to 33,246.70 and the Nifty 50 Index climbed 0.6% to 10,25

    December 14, 2017 10:20 pm JST
  • ArcelorMittal set to form venture with Steel Authority in bid to gain India access

    MUMBAI (NewsRise) -- ArcelorMittal, the world's biggest steelmaker, is inching closer to gaining a foothold in India as state-owned Steel Authority of India's board approved a long-pending plan to form a joint venture with the company.Steel Authorit

    December 14, 2017 10:03 pm JST
  • Nikkei Asia300 Index gains as Fed sticks to rate hike forecasts

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday after the U.S. Federal Reserve retained its forecast of three rate increases for next year.The Nikkei Asia300 Index advanced 0.3% to 1,383.61, paced by a rally in Chinese and Hong Kong

    December 14, 2017 08:53 pm JST
  • India, US combine to stymie WTO ministerial meeting

    BUENOS AIRES/GENEVA -- The World Trade Organization ended its latest ministerial conference on Wednesday with no declaration in its first such meeting since U.S. President Donald Trump took office.Although no major deal had been expected, member sta

    December 14, 2017 07:33 pm JST
  • Tea Leaves

    In India, 'fake news' has deadly consequences

    At the turn of the millennium, I wrote a master's thesis at the London School of Economics on the revolutionary potential of mobile telephony. I had bought my first mobile phone only months before, and the potential of the technology to transcend sp

    December 14, 2017 10:00 am JST
  • Gujarat election is a test of Modi's re-election chances

    AHMEDABAD, India Polls are open in Indian Prime Minister Narendra Modi's home state of Gujarat for a legislative race that could shape the leader's own re-election strategy for 2019. The test: Can Modi build a broader, more inclusive support base an

    December 14, 2017 10:00 am JST
  • Global trade uptick boosts Asian manufacturing

    HONG KONG Strengthening economies on both sides of the Pacific are lifting global trade, as well as Asia's manufacturing sector. Seven of the 12 economies surveyed by The Nikkei -- Taiwan, Japan, South Korea, India, Malaysia, Singapore and the Phili

    December 14, 2017 10:00 am JST
  • In India, 'fake news' has deadly consequences

    At the turn of the millennium, I wrote a master's thesis at the London School of Economics on the revolutionary potential of mobile telephony. I had bought my first mobile phone only months before, and the potential of the technology to transcend sp

    December 14, 2017 10:00 am JST
  • WTO meeting ends in stalemate after US rebukes, member vetoes

    BUENOS AIRES (Reuters) -- The World Trade Organization's biennial meeting ended in stalemate on Wednesday after U.S. criticism and member country vetoes, raising questions about the body's ability to govern increasingly disputed global trade.Ministe

    December 14, 2017 07:23 am JST
  • ADB keeps 5.8% Asia growth outlook for 2018, hikes 2017 view

    MANILA -- The Asian Development Bank still expects economic growth in the region to slow in 2018, it said in a new report on Wednesday, but the Manila-based lender raised its forecast for the current year by one-tenth of a percentage point.In its As

    December 14, 2017 01:07 am JST
  • India's Adani to 'adjust' as Queensland to veto coal mine funding

    MUMBAI (NewsRise) -- Adani Group said it will "fully consider and adjust to the constraints" of non-availability of a local government funding for its 16 billion Australian dollars ($12 billion) coal mine in Australia, playing down an initial setbac

    December 13, 2017 10:33 pm JST
  • India shares edge lower after retail inflation quickens

    MUMBAI (NewsRise) -- Indian shares ended a volatile session lower on Wednesday, as faster-than-expected inflation and disappointing industrial output data damped investor sentiment.The benchmark BSE Sensex declined 0.5% to 33,053.04. The Nifty 50 in

    December 13, 2017 09:57 pm JST
  • Bharti Airtel to sell 20% stake in Telemedia to Warburg Pincus

    NEW DELHI -- Global private equity company Warburg Pincus is to buy 20% of Bharti Telemedia, the direct-to-home (DTH) arm of Bharti Airtel, India's largest telecom, for about $350 million.The deal will be structured with Bharti Airtel selling a 15%

    December 13, 2017 09:17 pm JST
  • Nikkei Asia300 Index gains as Chinese banks rally

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, led by mainland lenders ahead of China's inflation data and U.S. Federal Reserve's policy decision.The Nikkei Asia300 Index advanced 0.4% to 1,379.83. China Construction Bank (CCB) r

    December 13, 2017 08:33 pm JST
  • Interview

    Taiwan eyes 'important role' in alternative Asian sphere of influence

    TAIPEI -- Taiwan is turning to Southeast Asia and beyond as part of a strategy to reduce its economic dependence upon China, its biggest trading and investment partner. The island economy also hopes to identify itself more closely with an emerging "

    December 13, 2017 11:00 am JST
  • Japan's construction machinery makers dig for demand in India

    BANGALORE -- Hitachi Construction Machinery and Kobelco Construction Machinery hope to tap into India's growing infrastructure market by touting their product quality and durability.Hitachi Construction's local subsidiary, Tata Hitachi Construction

    December 13, 2017 02:12 am JST