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  • SoftBank says selling its entire Flipkart stake to Walmart

    TOKYO (Reuters) -- SoftBank Group Corp said on Wednesday it is selling its roughly 20% stake in Indian e-commerce firm Flipkart to Walmart Inc.Walmart said earlier this month it will pay $16 billion for a roughly 77 percent stake in Flipkart, the U.

    May 23, 2018 11:55 am JST
  • Vandana Hari

    Iran sanctions -- dreaded deja vu for Asia

    For four long years, between 2012 and 2015, Asian companies were held hostage by U.S. demands to reduce their business dealings with Iran and throttle back their crude imports -- or face sanctions from Washington.Less than three years after the rest

    May 23, 2018 07:00 am JST
  • Japanese agency to scout Indians for Mideast and Africa jobs

    NEW DELHI -- Japanese staffing agency Pasona Group will match Indian workers with jobs in the Middle East and Africa, a large region popular among expatriates from the South Asian country.Japanese companies operating in such markets as Kenya and Dub

    May 23, 2018 05:43 am JST
  • State poll gives Modi a bitter lesson: Popularity is not enough

    NEW DELHI -- The new state government of Karnataka in southern India, to be formed on Wednesday, is casting a shadow over the political strategies of highly popular Indian Prime Minister Narendra Modi.In the fiercely fought legislative assembly elec

    May 22, 2018 10:01 pm JST
  • Axiata swings to 1Q loss As India business drags

    KUALA LUMPUR (Nikkei Markets) -- Axiata Group, Malaysia's largest mobile phone company, slipped into the red in the first quarter weighed by the losses in its India unit and warned that a further delay in the merger of its associate company in the s

    May 22, 2018 09:22 pm JST
  • Dr. Reddy's Laboratories posts surprise fall in profit amid US pricing pressure

    MUMBAI (NewsRise) -- Dr. Reddy's Laboratories reported a surprise 3% drop in quarterly net profit, as the Indian drug maker continued to grapple with pricing pressure in the U.S.Consolidated net income for the fourth quarter ended in March stood at

    May 22, 2018 09:13 pm JST
  • India shares recover as State Bank, Tata Motors advance

    MUMBAI (NewsRise) -- Indian shares rebounded from near one-month lows on Tuesday, led by State Bank of India, Tata Motors, and pharmaceutical companies.The BSE Sensex rose 0.1% to 34,651.24 and the Nifty 50 Index advanced 0.2% to 10,536.70. It was a

    May 22, 2018 09:04 pm JST
  • Nikkei Asia300 Index falls as investor focus shifts to Fed minutes

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Tuesday as investors await the U.S. Federal Reserve's May meeting minutes.The Nikkei Asia300 Index declined 0.3% to 1,403.45. The index traded in a less than four points range before settling l

    May 22, 2018 08:34 pm JST
  • Asia's war on 'fake news' raises real fears for free speech

    JAKARTA -- With nothing more than a WhatsApp message, Indonesia's government in early May made its position on "fake news" clear: zero tolerance.For a few days, media reports had been circulating about a decision to issue visas to Israelis, citing t

    May 22, 2018 02:00 pm JST
  • Sreeram Chaulia

    India's favorite Modi cannot rule out election upsets

    As he completes four eventful years as India's prime minister on May 26, Narendra Modi is targeting a second term through victory in general elections to be scheduled in the next 12 months.Although he starts the race as the overwhelming favorite, th

    May 22, 2018 07:00 am JST
  • US shale-based LNG gushes into Asia

    TOKYO -- Liquefied natural gas originating from the U.S. is flowing into Asia at an accelerating pace, with Japan becoming the most recent country to buy the fuel under a long-term contract.Japan will begin sourcing a sizable portion of its LNG from

    May 22, 2018 06:07 am JST
  • Ultratech to buy Cement business of Century Textiles amid India infrastructure push

    MUMBAI (NewsRise) -- Ultratech Cement, India's largest cement producer, agreed to buy the cement business of Century Textiles and Industries for an enterprise value of 86.2 billion rupees ($1.27 billion), underscoring the rapid pace of consolidation

    May 21, 2018 09:26 pm JST
  • India shares fall to three-week low after Modi's BJP suffers debacle in Karnataka

    MUMBAI (NewsRise) -- Indian shares fell to more-than-three-week lows on Monday after Prime Minister Narendra Modi's Bharatiya Janata Party failed to form a government in southern Karnataka state.The BSE Sensex dropped 0.7% to 34,616.13, the lowest s

    May 21, 2018 08:58 pm JST
  • Nikkei Asia300 Index rises as US-China trade worries cool

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose on Monday, as worries over a potential Sino-American trade war eased after the two nations agreed not to impose import tariffs on each other for now.The Nikkei Asia300 Index rose 0.3%

    May 21, 2018 08:12 pm JST
  • Many Indian villagers still waiting for promised electricity

    CHANDOKHA SUDIYAL, India -- In late April Indian Prime Minister Narendra Modi announced that his government had achieved the laudable feat of getting electricity to every village in the country, a promise he made when he stormed to electoral victory

    May 21, 2018 03:15 pm JST
  • Air India sale still stuck on the runway

    MUMBAI -- Uncertainty hangs over the Indian government's plans to sell Air India as onetime prospective buyers shun the troubled carrier.Asked Friday whether Singapore Airlines was still interested in bidding, CEO Goh Choon Phong replied that he had

    May 20, 2018 04:35 pm JST
  • Asian drugmakers hunt Western rivals after Takeda

    TOKYO -- Takeda Pharmaceutical is pushing into the ranks of multinational drug giants with its deal for Irish peer Shire. But the 46 billion pound ($62 billion) purchase is not just about one company's ambition. It is emblematic of a larger trend, i

    May 20, 2018 12:30 pm JST
  • Modi's party pulls out of test to govern big southern Indian state

    NEW DELHI (Reuters) -- Indian Prime Minister Narendra Modi's party on Saturday walked away from a court-mandated test to prove it had the support of a majority of lawmakers to govern the southern state of Karnataka, after an election a week ago thre

    May 19, 2018 10:02 pm JST
  • Bajaj Auto profit beats estimates on commercial vehicle sales, exports

    MUMBAI (NewsRise) -- Bajaj Auto, India's second-largest two-wheeler maker, reported a better-than-expected fourth-quarter net profit on the back of its high-margin commercial vehicles and rising exports.Profit in the three months ended in March stoo

    May 18, 2018 11:14 pm JST
  • Modi to hold informal summit with Putin in Sochi

    NEW DELHI -- Indian Prime Minister Narendra Modi is traveling to Russia next week for an "informal" summit with President Vladimir Putin in the Black Sea resort of Sochi, where the two leaders are expected to discuss key international issues, includ

    May 18, 2018 10:55 pm JST