Asia Top News and Analysis India

  • *Oil company shares lift global stocks after OPEC deal. LONDON, Sept 29- An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher. "Everything you're seeing today is a response to the move in crude and the possible coordination...

  • India launches strike on militants in Pakistan

    The country makes its first direct military response to the Kashmir attack it blames on Pakistan.

  • Wal-Mart may invest in Indian online retailer Flipkart

    Sources say the company considers buying a minority stake in India's largest e-commerce firm.

  • MUMBAI/ HONG KONG, Sept 29- Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said, as the world's biggest retailer aims to break into a fast growing but highly competitive online retail market. Wal-Mart operates 21 wholesale stores in the South Asian country, but is discouraged...

  • *India attacks on suspected militants in Pakistan hits shares. India's NSE hits one-mth low; Pakistan's 100- share index falls. MUMBAI/ ISLAMABAD, Sept 29- Share markets in India and Pakistan fell on Thursday after India said it had conducted "surgical strikes" on suspected militants preparing to infiltrate from Pakistan- ruled Kashmir, escalating tensions...

  • LONDON, Sept 29- Emerging stocks rose 0.6 percent on Thursday, led by energy-heavy Gulf and Russian bourses, though Saudi markets lagged and Indian assets sold off after New Delhi said it launched a strike on suspected militants based in Pakistan. The market was also rattled by a U.S. Congress vote to overturn a presidential veto of a law that would allow victims of...

  • An Indian army soldier stands guard near an army brigade headquarters near the border with Pakistan, known as the Line of Control (LoC), in Uri on September 18, 2016.

    India said it has conducted "surgical strikes" on suspected militants preparing to infiltrate from Pakistan-ruled Kashmir.

  • *Oil company shares lift global stocks after OPEC deal. *India stocks, rupee fall on strikes on militants in Pakistan- controlled Kashmir. LONDON, Sept 29- An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher.

  • *OPEC deal can shock emerging markets accustomed to low prices. SINGAPORE/ SEOUL, Sept 29- Oil buyers from China to India remained cautious as they await details of OPEC's agreement to cut production for the first time since 2008 in order to reduce a global oversupply of crude. The group will decide how much each country will produce at the next formal OPEC meeting...

  • An employee restocks a shelf in the grocery section of a Wal-Mart Supercenter

    Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two people familiar with the matter said.

  • Wal-Mart operates 21 wholesale stores in the South Asian country, but is discouraged from setting up its own bricks-and-mortar shops by rules that limit foreign ownership for multi-brand retailers to 51 percent and the cost of setting up shops in a country as large as India. For Flipkart, a cash infusion from Wal-Mart would come in handy at a time when funding...

  • MEXICO CITY- Central Bank of Mexico monetary policy statement PRAGUE- Czech National Bank monetary policy meeting- 1100 GMT TAIPEI- Central Bank of the Republic of Taiwan interest rate decision- 0900 GMT ANKARA- Central Bank of the Republic of Turkey to publish the minutes of September policy meeting- 1100 GMT CHISINAU- National Bank of Moldova interest rate...

  • *Medak in southern India is major center for cheap antibiotics. Now, even the poorest villagers here in India's baking south point to the barren banks and frothy water and say they avoid going anywhere near it. A short drive from the bustling tech hub of Hyderabad, Medak is the heart of India's antibiotics manufacturing business: a district of about 2.5 million...

  • HONG KONG/ MUMBAI, Sept 28- Wal-Mart Stores Inc is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said, as the world's biggest retailer aims to get a slice of a fast-growing online retail market. He added Wal-Mart and Flipkart were also contemplating a collaboration that would see them leverage...

  • *India's tax collection stats: http://tmsnrt.rs/2cZrqXB. *India's tax arrears mount: http://tmsnrt.rs/1SFMitS. NEW DELHI, Sept 28- The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.

  • Google PKG

    CNBC's Akiko Fujita reports on Google's strategy to bridge India's digital divide.

  • Aarushi, the first customer to buy an Apple Inc. iPhone 6s at an iZenica store, operated by Zenica LifestylePvt., waits to pay during a midnight launch event for the Apple Inc. iPhone 6s in New Delhi, India, on Friday, Oct. 16, 2015.

    Apple has lingering issues in India. But the iPhone's launch in India lands weeks ahead of the nation's gift-giving season.

  • Indian folk dancers from the Panghat Group of Performing Arts use a laptop during a dress rehearsal for an event to mark the forthcoming Hindu festival 'Navaratri', or the Festival of Nine Nights, in Ahmedabad on September 25, 2016.

    Google unveiled five new products tailored for users in the world's second-largest Internet market.

  • Solar panels implemented by Amplus Solar on the roof of Yamaha Motor's plant in Surajpur, Uttar Pradesh, India, on Wednesday, July 20, 2016. The Japanese motorcycle maker wants solar power to supply a quarter of energy needs at its northern Indian factories near Delhi, according to company executives.

    Developing Asia will have to fork out $300 billion per year to uphold the Paris climate goals, the Asian Development Bank warned.

  • NEW DELHI, Sept 26- India will accelerate its building of new hydropower plants along three rivers that flow into Pakistan, a source familiar with the plan said on Monday, in a move likely to aggravate already tense relations with its neighbour a week after an attack on an Indian army base. The dispute looks set to be reignited after Prime Minister Narendra Modi...