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Asia-Pacific News India

  • NEW DELHI, May 29- India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday. Underscoring the gravity of the situation, the World Bank said nearly two-thirds of Indian women with college degrees are without jobs. The unemployment rate for...

  • NEW DELHI, May 29- India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday. Underscoring the gravity of the situation, the World Bank said nearly two-thirds of Indian women with college degrees are without jobs. The unemployment rate for...

  • MUMBAI, May 29- Indian mobile carrier Reliance Communications' shares and bonds resumed their slide on Monday as concerns over its heavy debt load were reignited after a fourth-quarter loss that sent the company to its first full-year loss. Banking sources told Reuters that the company is running behind on some loan repayments, though Reliance-- backed by...

  • NEW DELHI, May 29- India's ban on the trade of cattle for slaughter threatens $4 billion in annual beef exports and millions of jobs if the government does not revoke the stoppage decreed last week, according to two industry officials. The ban is likely to further alienate Muslims, who make up 14 percent of India's 1.3 billion people, and raise communal and...

  • MUMBAI, May 29- Indian mobile carrier Reliance Communications Ltd saw its shares and bonds plunge on Monday after it posted a fiscal fourth-quarter loss and its first-ever full-year loss over the weekend, sparking renewed fear about its heavy debt load. Banking sources told Reuters that the company, backed by billionaire Anil Ambani and widely known as RCom, is...

  • *Tea prices climb after dry weather in top producers India, Kenya. MUMBAI, May 29- The price of tea is likely to climb further this year after dry weather slashed production of the commodity in key suppliers India and Kenya, while recent deadly flooding could disrupt shipments from Sri Lanka, another key exporter. Output in top tea shipper Kenya dropped by over a...

  • NEW DELHI— A new ban imposed by India's government on the sale of cows and buffaloes for slaughter to protect animals considered holy by many Hindus is drawing widespread protests from state governments and animal-related industries. The state governments have appealed to Prime Minister Narendra Modi to repeal the order, which they say was issued without...

  • *China market share dwindles; Brazil, India now biggest markets. That, combined with fierce competition from lower-end manufacturers in its home base of China such as Xiaomi and Oppo, saw its global position fall to eighth in 2016.. A recently announced reorganisation of its China business aimed at sharpening the PC brand's consumer focus comes amid an ongoing...

  • *China market share dwindles; Brazil, India now biggest markets. That, combined with fierce competition from lower-end manufacturers in its home base of China such as Xiaomi and Oppo, saw its global position fall to eighth in 2016.. A recently announced reorganization of its China business aimed at sharpening the PC brand's consumer focus comes amid an ongoing...

  • NEW DELHI, May 27- Indian meat traders plan to take the government to court over new rules banning the trading of cattle including buffalo for slaughter, calling it a move by Prime Minister Narendra Modi's administration to hurt the business run mainly by Muslims. India is the biggest seller of buffalo meat in the world, with exports of more than $4 billion a year to...

  • Future generations are on course to become enveloped in the biggest pension crisis in history, according to the World Economic Forum (WEF).

  • *OPEC, allies extend production cuts through March 2018. SINGAPORE, May 26- The OPEC- led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude. "This is a declaration of a strong will of...

  • Raghuram Rajan, former RBI governor

    The world’s banks have become safer since the crisis, but economic risks have spread elsewhere, said former RBI governor Raghuram Rajan.

  • MUMBAI, May 25- India's plan to bring in a law to ensure doctors prescribe medicines only by their generic names risks proliferating the sale of substandard drugs in a country where regulation is already lax, doctors and pharmaceutical executives say. Prime Minister Narendra Modi said last month that the government was looking at such a law to improve...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defense manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armored vehicles. Prime Minister Narendra Modi has vowed to end...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defence manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armoured vehicles. Prime Minister Narendra Modi has vowed to end...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defense manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armored vehicles. Prime Minister Narendra Modi has vowed to end...

  • *India world's biggest arms importer; Modi vows change. NEW DELHI, May 24- India approved on Wednesday a long-awaited policy to boost local defence manufacturing by effectively picking industry champions that would tie up with foreign players to make submarines, fighter jets, helicopters and armoured vehicles. Prime Minister Narendra Modi has vowed to end...

  • Flipkart's application loading page.

    Once known as the next frontier for tech investments, India has seen many of its top start-ups seem to be going through a bit of a rough patch lately.

  • *India to tax hybrids higher than EVs from July 1. *Policy uncertainty is forcing car makers to delay plans in India. India also plans to impose higher taxes on hybrid vehicles compared with electric, under a new unified tax regime set to come into effect from July 1, upsetting car makers like Maruti Suzuki and Toyota Motor.