Asia Top News and Analysis India

  • CHICAGO/ NEW DELHI, Aug 24- U.S. retailer Bed Bath& Beyond on Wednesday said it ordered an external audit of textiles from Welspun India, after Target Corp last week accused the Indian manufacturer of passing off cheap sheets as premium Egyptian cotton for two years. It also harms Indian Prime Minister Narendra Modi's efforts to spur global companies to increase...

  • CHICAGO/ NEW DELHI, Aug 24- U.S. retailer Bed Bath& Beyond on Wednesday said it ordered an external audit of textiles from Welspun India, after Target Corp last week accused the Indian manufacturer of passing off cheap sheets as premium Egyptian cotton for two years. This could compound the woes of Welspun, which supplies to several large U.S. retailers and has seen...

  • *Letter marks escalation in long-running feud with India. NEW DELHI, Aug 24- Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India, a major escalation in a long-running dispute between New Delhi and the world's biggest seed maker. A letter sent by Monsanto's local partner in India, the...

  • *French firm in talks with Australia for $38 bln submarine deal. SYDNEY/ PARIS, Aug 24- French naval contractor DCNS said on Wednesday it may have been the victim of "economic warfare" after secrets about its Scorpene submarines being built in India were leaked. India opened an investigation after The Australian newspaper published documents relating to the...

  • PARIS— Sensitive data on submarines designed for India's navy have leaked from a leading French shipbuilder with military customers around the world. Analysts say the leak is a blow to India's navy and could compromise its underwater combat capabilities. India has spent $3.9 billion on six conventionally powered Scorpene submarines built by France's DCNS...

  • SYDNEY/ NEW DELHI, Aug 24- India is investigating the extent to which secrets about French Scorpene submarines being built in the country have been compromised, its defence ministry said on Wednesday, after a leak of documents relating to its combat capabilities. The leak, which was first reported in The Australian newspaper, contains more than 22,000 pages...

  • India's third-largest telecommunications company Idea Cellular is exploring a strategic deal with rival Vodafone India, CNBC-TV18 reported.

  • SYDNEY/ NEW DELHI, Aug 24- India is investigating the extent to which secrets about French Scorpene submarines being built in the country have been compromised, its defence ministry said on Wednesday, after a leak of documents relating to its combat capabilities. The massive leak has also raised doubts about the security of DCNS's submarine project in...

  • SYDNEY/ NEW DELHI, Aug 24- India is investigating damage caused to French Scorpene submarines that are being built in the country, the defense ministry said on Wednesday, after the leak of documents relating to the vessel's combat capabilities. The massive leak has also raised doubts about the security of DCNS's submarine project in Australia where it won a A $50...

  • Fan Bingbing at the 68th annual Cannes Film Festival on May 13, 2015 in Cannes, France.

    Meet Fan Bingbing and Deepika Padukone, the two Asian actresses who were featured in the Forbes' rankings of the world's best-paid actresses.

  • NEW DELHI, Aug 24- India's defence minister said documents relating to the French Scorpene submarine being built in the country appeared to have been hacked, after an Australian newspaper reported a leak of thousands of pages detailing the vessel's top-secret capability. "I understand there has been a case of hacking, we will find out what has happened," Manohar...

  • MUMBAI, Aug 23- Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Smuggled gold could account for more than a third of demand this year in India- the world's second-biggest buyer of the metal after China- potentially costing the government over $1 billion in lost revenue. If smugglers offer 4 or 5 percent...

  • What to expect from incoming RBI Governor Patel

    Stability is the order of the day as Patel is likely to build on groundwork laid by Rajan, says Shilan Shah, India Economist at Capital Economics.

  • *China banks start reporting H1 earnings this week. HONG KONG, Aug 22- Hit by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that government might have to inject more than $100 billion to shore them up, according to some analysts. There are early signs that government is already taking...

  • Urjit Patel, the new incoming governor at the Reserve Bank of India (RBI)

    India's new central bank governor is likely to be less outspoken than outgoing chief Raghuram Rajan, but no more inclined to easing.

  • NEW DELHI, Aug 22- Raghuram Rajan's abrupt announcement of his departure as governor of the Reserve Bank of India came as a nasty surprise to many, especially his fans in the investment community, but the way Urjit Patel was chosen as his successor has been anything but. Aides to Prime Minister Narendra Modi have sought to show that the search and selection process...

  • India Markets

    OCBC Bank's Vasu Menon says the appointment of Urjit Patel as Reserve Bank of India governor isn't a reason to buy into India's markets.

  • RBI Governor

    The appointment of Urjit Patel ensures RBI policy continuation so investors will remain comfortable, says HSBC Global AM's Bill Maldonado.

  • NEW DELHI, Aug 22- Raghuram Rajan's abrupt announcement of his departure as governor of the Reserve Bank of India came as a nasty surprise to many, especially his fans in the investment community, but the way Urjit Patel was chosen as his successor has been anything but. Aides to Prime Minister Narendra Modi have sought to show that the search and selection process...

  • Central Banks

    Incoming RBI governor Urjit Patel is likely to be more moderate than Raghuram Rajan, Macquarie Securities Group's Viktor Shvets says.