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  • BANGKOK, July 26- Thai Airways International Pcl plans to cut 1,401 jobs through voluntary retirement this year and suspend its loss-making flights to Los Angeles and Rome as it pushes ahead with a restructuring plan, its president said on Sunday. Thai Airways aims to cut operating costs by up to 9 billion baht this year, Charumporn said. From Oct. 25, the carrier...

  • Many businesses cheer the plans, which they say will help make India a manufacturing hub. Taiwan's Foxconn, the world's largest contract electronics manufacturer, plans to set up 12 new factories in India and employ one million workers. Like many other low-margin businesses in India, garment makers will gain from increased flexibility to hire, and fire,...

  • GENEVA, July 24- The World Trade Organization finalized a list of 201 information technology products to be freed from import tariffs in a $1.3 trillion deal on Friday, but said it was still short of the critical mass of countries needed to put it into force. Removing tariffs on trade worth $1.3 trillion is expected to give a $190 billion boost to the world economy.

  • *To invest $5 bln in refining, petrochemicals by March. MUMBAI, July 24- India's Reliance Industries Ltd said on Friday it will invest $5 billion across its refining and petrochemicals business by next March, after strong refining margins boosted its quarterly profit. Controlled by India's richest man Mukesh Ambani, Reliance is India's second-largest company...

  • GENEVA/ WASHINGTON, July 24- World Trade Organization members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks'...

  • WTO members seal trillion-dollar IT trade deal Friday, 24 Jul 2015 | 12:00 AM ET

    Technology manufacturers like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co are among companies expected to benefit from the deal. "That definitely impacts Intel and that's important but also as important are the other technologies that it covers that were not even dreamt of when the original ITA was...

  • YouTube makes virtual reality push with 360-degree 3-D Thursday, 23 Jul 2015 | 9:53 PM ET

    ANAHEIM, Calif.— YouTube says it's making a further push into virtual reality, promising to add 3- D support for videos that play back in its 360- degree format. YouTube also said it would provide special camera rigs that support the format at its studios around the world, including at two locations opening in the next year in Toronto and Mumbai.

  • MUMBAI, July 23- With only a tiny share of the world's fastest-growing major smartphone market, Apple Inc is stepping up its push into India, with a first targeted TV advertising campaign, expanded retail network and promotional financing schemes. For years, India has been a low priority for Apple as spending power is weaker than in China, where the company's...

  • *Q1 profit 5.25 bln rupees vs 6 bln rupee analyst view. MUMBAI, July 23- Lupin Ltd, India's third-largest drugmaker by sales, is buying U.S. peer GAVIS Pharmaceuticals LLC for $880 million in its largest ever acquisition, seeking to revive its flagging growth in the United States, its largest market. The company has also recently run into regulatory troubles, with the...

  • India launches new overnight benchmark rate Tuesday, 21 Jul 2015 | 9:41 PM ET
    India launches new overnight benchmark rate

    Vishnu Varathan, senior economist with Mizuho Bank, discusses India's decision to revise the methodology for the Mumbai Interbank Offered Rate starting Wednesday.

  • Why a weak monsoon won't rain on India's parade Tuesday, 21 Jul 2015 | 9:31 PM ET

    Indian policymakers needn't worry about deficient rains bringing back ghosts of inflation past, economists argue.

  • DIARY-Emerging Markets Economic Events to Aug 4 Tuesday, 21 Jul 2015 | 8:01 PM ET

    PRETORIA- South African Reserve Bank interest rate decision- 1300 GMT. ANKARA- Central Bank of Turkey to hold monetary policy committee meeting to set interest rates. JERUSALEM- Bank of Israel interest rate decision- 1330 GMT.

  • S&P raised its rating for Greece to CCC+ from CCC-, saying the country's liquidity perspective has improved after euro zone finance ministers last week gave their initial consent to a three-year loan programme to keep the country in the euro. "We think opportunities for Greece to default on commercial debt this year are few," S&P said in a report.

  • MANILA/ MUMBAI, July 21- Blame poor rains or a lack of weddings, but Indians, for whom gold is the investment of choice, aren't rushing to buy bullion after this week's sharp sell-off. India and China are the world's top gold buyers and, after massive selling on the Shanghai Gold Exchange on Monday helped drive down gold prices by 4 percent to a 5- year low, traders hoped...

  • MUMBAI, July 21- Indian IT services provider Infosys Ltd on Tuesday said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a...

  • Indian parliament faces washout monsoon session Monday, 20 Jul 2015 | 7:11 PM ET
    Parliament in New Delhi

    As India starts its parliamentary session, hopes are at a low ebb that the business-friendly laws central to Modi's lofty reform agenda will gain traction.

  • Modi's reforms make India stand out: Expert Monday, 20 Jul 2015 | 6:48 PM ET
    Modi's reforms make India stand out: Expert

    Michael Kelly, managing director: Global Head of Asset Allocation at Pinebridge Investments, likes Indian markets because of Prime Minister Narendra Modi's emphasis on reforms.

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed's dominance in weapons making. The Pentagon's largest supplier called Sikorsky a "national icon" and said the net cost of the deal was around $7.1 billion, taking into account tax benefits.

  • July 20- France's Faurecia SA is set to explore a sale of its bumpers business, which may be worth about $450 million, Bloomberg reported on Monday, citing sources. The company, majority owned by PSA Peugeot Citroen, has also hired Citigroup Inc to work on a potential dispute, Bloomberg reported on its website. Faurecia, which has been considering a sale for about...

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp, for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses. The deal cements Lockheed's dominance in weapons making and opens key new foreign markets for...