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  • NEW DELHI/ MUMBAI, March 12- Chinese smartphone maker Xiaomi Inc said on Thursday it would invest further and begin local production within 12 to 18 months in India, one of the world's fastest-growing markets and currently dominated by Samsung Electronics and local firms like Micromax. "We want to invest deeply in this market, we want to have a significant amount...

  • Snapdeal drums up custom in Slumdog's Dharavi Thursday, 12 Mar 2015 | 9:10 AM ET

    *Snapdeal is India's second-largest online shopping market. The company's aspirations are backed up by serious investment from the likes of Japan's Softbank Corp, which ploughed $627 million into Snapdeal last October, and could soon get a boost from Chinese e-commerce giant Alibaba Group, which is in talks for another cash investment, a source told Reuters...

  • NEW DELHI, March 12- British Foreign Secretary Philip Hammond raised concerns in India on Thursday over a $1.6 billion retrospective tax bill charged to British oil explorer Cairn Energy hours before he arrived in the country seeking to improve business ties. Cairn Energy earlier this week filed a formal dispute against the demand from the Indian tax...

  • India February CPI seen at 5.2%: Expert   Thursday, 12 Mar 2015 | 1:36 AM ET
    India February CPI seen at 5.2%: Expert

    Sanjeev Prasad, co-head, Institutional Equities at Kotak Securities, expects India's consumer price index for February to be at 5.2 percent and explains why the central bank will keep rates on hold for the coming months.

  • Could oil put the brakes on India’s economy? Thursday, 12 Mar 2015 | 12:00 AM ET

    India’s economy is on a tear at the moment. But could one of the factors helping growth – commodity prices – spoil the country’s ride?

  • Thailand, South Korea join easing bandwagon   Wednesday, 11 Mar 2015 | 11:44 PM ET
    Thailand, South Korea join easing bandwagon

    Vishnu Varathan, senior economist at Mizuho Bank, discusses the unexpected interest rate cuts by the central banks in Thailand and South Korea.

  • UPDATE 2-Indian firms could get boost from Google, Alibaba Wednesday, 11 Mar 2015 | 10:32 PM ET

    MUMBAI, March 11- Two Indian firms could get a boost from tech majors in what might turn out to be the first direct investment in the country by Google Inc and Alibaba. Chinese e-commerce giant Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a person familiar with the negotiations said. Alibaba is "looking, but there's...

  • Mars Inc set to open first chocolate factory in India Wednesday, 11 Mar 2015 | 5:31 PM ET

    March 11- Mars Inc said on Wednesday it is on track to open its first chocolate plant in India, where its popular Snickers and Galaxy bars will be made to meet growing demand. Mars International India, a wholly owned subsidiary of Mars Inc, signed a memorandum of understanding with the Maharashtra government in Mumbai for a $160 million plant in Pune, Maharashtra.

  • India's 'Amazon' courts the mobile shopper Wednesday, 11 Mar 2015 | 2:43 PM ET
    Flipkart application on an iPhone

    E-commerce company FlipKart is focusing on mobile offerings as Indian consumers increasingly turn to online shopping.

  • NEW DELHI/ MUMBAI, March 11- Mercedes-Benz plans to sell more compact cars to tap the fastest growing part of India's premium car market, a move analysts say could help the German automaker overtake rival Audi as the country's top luxury car seller. Part of Daimler AG, Mercedes is closing the gap with Volkswagen-owned Audi. Last year it sold 10,201 cars in India, just...

  • What is InMobi? Google knows   Wednesday, 11 Mar 2015 | 11:52 AM ET
    What is InMobi?

    Reports say Google is eyeing Indian advertising firm InMobi, reports CNBC's Seema Mody. The company is valued at around $2 billion.

  • MUMBAI, March 11- Google Inc is in talks to buy Bangalore- based mobile advertising venture InMobi, a source with direct knowledge of the matter said, which could pave the way for what could be the U.S. company's first deal in India's busy start-up space,. The source, who asked not to be named because Google and InMobi have not made the negotiations public, said talks...

  • SAN FRANCISCO, March 10- Ride-hailing app Uber, under the microscope due to a handful of driver assaults on passengers in some cities, pledged in a blog post to sign up one million female drivers globally by 2020.. The pledge comes as the rapidly expanding company deals with fallout over incidents of assaults by drivers from Boston and Chicago to New Delhi.

  • McDonald's February restaurant sales down 1.7 pct Monday, 9 Mar 2015 | 8:08 AM ET

    March 9- McDonald's Corp's worldwide sales at established restaurants fell 1.7 percent in February as sales in the United States were hurt by "aggressive competitive activity." February same-restaurant sales were down 4.4 percent in McDonald's Asia Pacific, Middle East and Africa business, which includes China. That was an improvement from the 12.6 percent...

  • India will produce 1.5 billion tonnes of coal by the end of this decade, Coal Secretary Anil Swarup told the Coaltrans India conference this week in New Delhi. He still has the problem that nobody believes that state-controlled behemoth Coal India will be able to double its output to 1 billion tonnes per annum within five years. Then there is the challenge of...

  • MUMBAI/ NEW DELHI, March 6- Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made. Both sides support the setting up of a Monetary Policy Committee, as first officially proposed in 2014 when a different government was in power, and...

  • Growth: China vs. India   Thursday, 5 Mar 2015 | 2:00 PM ET
    Growth: China vs. India

    China is forecasting the slowest growth rate in 25 years there. Jonathan Brodsky, Advisory Research, and David Riedel, Riedel Research, compare growth stories for India's economy versus China's.

  • March 5- Kroger Co, the biggest U.S. supermarket operator, forecast a full-year profit above analysts' estimates as it benefits from its acquisition of Harris Teeter Supermarkets Inc and higher margins on fuel. Kroger shares rose 6.7 percent to a record high of $74.30 in morning trading on Thursday. Kroger completed its $2.5 billion acquisition of Harris Teeter...

  • Supermarket operator Kroger's profit rises 23 pct Thursday, 5 Mar 2015 | 8:53 AM ET

    March 5- Kroger Co, the biggest U.S. supermarket operator, on Thursday reported a 23 percent rise in quarterly profit, helped by its acquisition of Harris Teeter Supermarkets Inc and higher margins on fuel. Net income attributable to Kroger rose to $518 million, or $1.04 per share, in the fourth quarter ended Jan. 31, from $422 million, or 81 cents per share, a year...

  • *China is world's second-biggest defence spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...