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Asia Top News and Analysis India

  • NEW YORK, April 28- Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth. Growth stocks- whose profits are expected to grow at a faster pace than the broader market- are also outperforming their value counterparts in Asia and Europe.

  • *Global med-tech firms nervous about India price controls. *India says ensuring affordability for patients more important. That has sparked a growing showdown between the companies and Modi's government in India, where the "med-tech" sector is worth $5 billion.

  • Expect more growth in India

    CNBC's Arjun Kharpal discusses Amazon's business strategy, saying that the company is facing a "content spending war" with Apple, Netflix and the like.

  • *Modi launched $133 billion, five-year recovery plan in 2015. *Railways miss earnings targets, borrowing hits $20 billion. GHAZIABAD, India, April 28- India's mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious...

  • Shares of the Saskatoon, Saskatchewan- based fertilizer producer rose 1.6 percent in early New York trading, touching a three-week high. Potash said it expected full-year earnings of 45 cents to 65 cents per share, up from its prior forecast of 35 cents to 55 cents. Bernstein analyst Jonas Oxgaard said earnings benefited from a lower tax rate as well as stronger...

  • The company raised its forecast for full-year profit to 45- 65 cents per share, from the 35- 55 cents it previously forecast. Potash Corp also raised the lower end of its estimate for 2017 potash sales to 8.9 million tonnes from 8.7 million tonnes, keeping the upper end at 9.4 million tonnes. The company's net earnings nearly doubled to $149 million, or 18 cents per...

  • April 27- Potash Corp of Saskatchewan's quarterly profit nearly doubled as lower costs and increased potash sales volumes more than offset weak phosphate prices. The company's net earnings rose to $149 million, or 18 cents per share, in the first quarter ended March 31, from $75 million, or 9 cents per share, a year earlier. However, revenue fell 8 percent to $1.11...

  • SRINAGAR, India— India has ordered internet service providers in Indian-controlled Kashmir to immediately block Facebook, Twitter and 20 other social media sites and online applications for one month, after several videos and photos depicting alleged abuses of Kashmiris by Indian security forces sparked outrage and fueled protests.

  • *Profit 12.25 bln rupees, down 43 pct y/y, vs 9.51 bln estimate. MUMBAI, April 26- Axis Bank Ltd, India's third-biggest private sector lender by assets, reported a smaller-than-expected 43 percent fall in fourth-quarter profit and said the worst was over in terms of bad loans that have surged in the past year. The Mumbai- based lender said net profit was 12.25 billion...

  • Alphabet's video platform has seen triple digit growth across the region in all metrics, including viewer watch time and partner uploads in the last year.

  • TV on-the-go is growing: Tata Sky CEO

    Harit Nagpal, Tata Sky, talks about the content distributor's strategy in India as the use of mobile phones takes off.

  • A traffic intersection in Lucknow, Uttar Pradesh, India.

    Asia's third-largest economy kicked off an international roadshow on Monday for a masala bond sale aimed at upgrading the country's highways.

  • LONDON, April 24- U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy firm agreed to be bought in a C $3.6 billion deal. Shares in Atkins closed on Monday at 2,100 pence, above SNC's offer price of 2,080 pence a share. After SNC made an indicative...

  • LONDON, April 24- U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins after the British engineering and construction consultancy firm agreed to be bought in a C $3.6 billion deal. Shares in Atkins last traded on Monday at 2,100 pence a share, above SNC's offer price of 2,080 pence. After SNC made an...

  • MUMBAI, April 24- Boutique investment bank Moelis& Co plans to expand in India where it believes economic growth and corporate restructuring will prolong a boom in dealmaking, the head of its local business said on Monday. Moelis, which set up shop in India in 2012, currently has a team of 14 bankers. The relatively low investment banking fee pool in India has...

  • President Donald Trump signs an executive order to try to bring jobs back to American workers and revamp the H-1B visa guest worker program during a visit to the headquarters of tool manufacturer Snap-On on April 18, 2017 in Kenosha, Wisconsin.

    Software engineers from India working in the U.S. under H-1B visas, or looking to apply, face a bind as the Trump administration reviews the program

  • SAN FRANCISCO, April 21- When Gokul Gunasekaran was offered a full scholarship for a graduate program in electrical engineering at Stanford University, he saw it as the chance of a lifetime. He came to America instead, got the Stanford degree and now works as an engineer at a data science startup in Silicon Valley. Immigration Voice estimates there are some 1.5...

  • Employees lift a motorcycle up to the shipping area on the assembly line at the Harley-Davidson Inc. manufacturing facility in York, Pennsylvania, U.S., on Tuesday, Nov. 3, 2015.

    Harley-Davidson said it will lay off 118 workers at its York, Pennsylvania, plant and shift employment to Kansas City, The AP reports.

  • SAN FRANCISCO, April 21- When Gokul Gunasekaran was offered a full scholarship for a graduate program in electrical engineering at Stanford University, he saw it as the chance of a lifetime. He came to America instead, got the Stanford degree and now works as engineer at a data science in Silicon Valley. Immigration Voice estimates there are some 1.5 million H1-B...

  • MUMBAI, April 21- For Grishma, an Indian software designer, President Donald Trump's review of the visa programme for bringing highly skilled workers into the United States comes at a bad time. Fresh from gaining a master's degree in Europe, and with an offer of employment from a well-known U.S. design firm, she was well on her way to fulfilling the ambition of many...