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  • SHENZHEN/ HONG KONG, April 10- Lining the glass display cases of Shenzhen's giant tech malls, knock-off versions of Apple Inc's smartwatch were on sale at many stalls, with some Chinese consumers eager to snap them up for a fraction of the cost of the original. On Friday, Apple, the world's most valuable technology company, started previewing the Apple Watch, its...

  • Ola Cabs: How we're battling Uber   Friday, 10 Apr 2015 | 12:43 AM ET
    Ola Cabs: How we're battling Uber

    Bhavish Aggarwal, co-Founder and CEO of Ola Cabs, discusses how the taxi app plans to take on Uber, which is reportedly entering India's auto-rickshaw space.

  • India's rich temples may open gold vaults for PM Modi Thursday, 9 Apr 2015 | 5:00 PM ET

    It is one of India's richest temples, having amassed 158 kg of gold offerings, worth some $67 million, and its heavily guarded vaults are strictly off limits. Now, Prime Minister Narendra Modi wants to get his hands on this temple gold, estimated at about 3,000 tonnes, more than two thirds of the gold held in the U.S bullion depository at Fort Knox, Kentucky, to help...

  • Engineers compete to make salt water drinkable Thursday, 9 Apr 2015 | 12:09 PM ET
    Tanks that hold the water to be filtered through the desalination machines at the Desal Prize test site in Alamogordo, NM.

    Tech competitors have converged on New Mexico to help the developing world——and maybe drought-stricken California.

  • India's reforms: Domestic focus is the right focus   Thursday, 9 Apr 2015 | 4:30 AM ET
    India's reforms: Domestic focus is the right focus

    Jan Dehn, head of research at Ashmore Investment Management, says the real upside for India is the domestic economy; adding that the real constraints are the lack of reforms and inefficiencies; all of which India's Prime Minister is addressing.

  • HYDERABAD, India— An Indian court on Thursday sentenced the founder of an outsourcing giant and nine others to seven years in prison each after convicting them of stealing millions of dollars in one of the largest frauds in the country's corporate history. Judge B.V.L.N. Chakravarthy also found Rama Raju, his two brothers and seven other officials of Satyam...

  • NEW DELHI— U.S. aviation authorities restored India's safety rating on Wednesday a year after a downgrade, allowing Indian carriers to increase the flights they operate to the United States. Transportation Secretary Anthony Foxx and India's Minister of Civil Aviation Ashok Gajapathi Raju, the U.S. Embassy in New Delhi said in a statement.

  • NEW DELHI— Every evening, hundreds of millions of Indian woman hover over crude stoves making dinner for their families. They feed the flames with polluting fuels like kerosene or cow dung, and breathe the acrid smoke wafting from the fires. A team of economists, scientists and health experts working with The Gold Standard Foundation have developed a uniform way...

  • *Modi tired of India being world's biggest arms importer. NEW DELHI, April 8- Indian firms have spurned some $15 billion worth of government tenders to make a range of weapons since 2013, Defense Ministry officials say, in a blow to Prime Minister Narendra Modi and his drive to wean the country off imported arms. Irked by India's status as the world's biggest arms...

  • April 7- Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India's capital, saying the ride-sharing company could not be held legally responsible for the driver's acts. Nor does California law govern a dispute involving an alleged wrong committed by one Indian citizen against another Indian citizen, in India, "Uber said in the filing.

  • April 7- Uber asked a U.S. court to dismiss a lawsuit filed by an alleged rape victim in India's capital, saying the ride-sharing company could not be held legally responsible for the driver's acts. Nor does California law govern a dispute involving an alleged wrong committed by one Indian citizen against another Indian citizen, in India, "Uber said in the filing.

  • MUMBAI, April 7- India's central bank is expected to keep its benchmark interest rate on hold at 7.50 percent at a policy review on Tuesday, while signalling that it could act swiftly to lower rates further if inflation stays within its target. This year, the Reserve Bank of India has already cut the repo rate twice, by 25 basis points each time, in a bid to bolster...

  • NEW DELHI, April 6- Indian Prime Minister Narendra Modi signalled on Monday he would not bow to foreign pressure to commit to cuts in carbon emissions, instead pledging to use more clean energy and traditional methods to lead the fight against climate change. India, the world's No.3 emitter of greenhouse gases, has come under pressure to tackle its rapidly rising...

  • *Iftikar Ahmed, Amit Kanodia face criminal, SEC charges. April 2- U.S. authorities have filed criminal and civil insider trading charges against two friends, including a Connecticut venture capital executive, accused of profiting illegally from India- based Apollo Tyres Ltd's attempt to buy Cooper Tire& Rubber Co in 2013.. Iftikar Ahmed, a general partner of Oak...

  • This is fast food's next mega-market Thursday, 2 Apr 2015 | 2:46 PM ET
    A McDonald’s restaurant is shown in Mumbai, India, Oct. 31, 2013.

    The Indian fast food market is expected to reach $16 billion in 2018, making it the new mega-market option for international players.

  • *Iftikar Ahmed, Amit Kanodia face criminal, SEC charges. April 2- U.S. authorities have filed criminal and civil insider trading charges against two friends, including a Connecticut venture capital executive, accused of profiting illegally from India- based Apollo Tyres Ltd's attempt to buy Cooper Tire& Rubber Co in 2013.. Iftikar Ahmed, a general partner of Oak...

  • Uber hires chief security officer from Facebook Thursday, 2 Apr 2015 | 2:07 PM ET

    April 2- Cab-hailing company Uber Technologies Inc, under fire for how it charges passengers and ensures their safety, said it hired Facebook Inc Chief Security Officer Joe Sullivan. Sullivan, Uber's first chief security officer, has spent five years at Facebook and eight years at the U.S. Department of Justice, mainly in cybercrime, Uber said in a blog post on...

  • BRUSSELS, April 2- European Union antitrust regulators are investigating Apple Inc's deals with record labels and online music streaming services to see if it is blocking rivals' access to its music planned streaming platform, two people with knowledge of the matter said. The move by the European Commission comes as iPhone maker Apple expands into the...

  • April 2- The European Commission is scrutinising Apple Inc's dealings with record labels and digital music companies to find if they are trying to unfairly limit free, ad-supported rivals, the Financial Times reported citing people familiar with the matter. Gathering information is only the first step towards the probe, but if the European Commission- EU's...

  • Why Credit Suisse is negative on India   Tuesday, 31 Mar 2015 | 11:35 PM ET
    Why Credit Suisse is negative on India

    Sailesh Jha, chief Asia economist, Private Banking and Wealth Management at Credit Suisse, says Indian markets are "overly euphoric" as the country's recovery will likely miss expectations.