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Asia Top News and Analysis India

  • WINNIPEG, Manitoba/ MUMBAI, Feb 23- Canadian exporters are slowing sales of peas and lentils to India, threatening C $1.1 billion in annual trade of the food staples, over risk that New Delhi may reject shipments under its tougher approach to pest control. India requires shippers to fumigate crops with methyl bromide, an insect-killing gas, in the country of origin,...

  • Royal Dutch Shell and ExxonMobil could see a 10 to15 percent hit to margins at their Singapore refineries when a new carbon tax takes effect in 2019.

  • FORT WORTH, United States- Dallas Fed President Robert Kaplan participates in a moderated Q&A session hosted by the Tarrant County Bankers Association- 1800 GMT. LONDON- ECB Board Member Peter Praet to deliver a keynote speech at the "Brexit and the implications for financial services" conference- 0855 GMT. LONDON- ECB Board Member Peter Praet to give...

  • FORT WORTH, United States- Dallas Fed President Robert Kaplan participates in a moderated Q&A session hosted by the Tarrant County Bankers Association- 1800 GMT. LONDON- ECB Board Member Peter Praet to deliver a keynote speech at the "Brexit and the implications for financial services" conference- 0855 GMT. LONDON- ECB Board Member Peter Praet to give...

  • NEW DELHI, Feb 22- India plans to auction some oil exploration blocks by June and will allow bidders to carve out areas where they want to drill in order to attract greater interest, a government official told Reuters on Wednesday. India overhauled its exploration licensing last year with a shift to a revenue sharing model, while also allowing pricing and...

  • *India RBI releases minutes from Feb 7-8 meeting. MUMBAI, Feb 22- The Reserve Bank of India's six-member monetary policy committee cited concerns about inflation in holding rates in February, with three mentioning the need to shift the policy stance to "neutral" from "accommodative," minutes from the meeting showed. The minutes were released on Wednesday, two weeks...

  • *India chief econ adviser backs calls for "bad bank". NEW DELHI, Feb 22- India's finance ministry on Wednesday backed a call by the Reserve Bank of India to set up an institution similar to a "bad bank," saying urgency was needed to address troubled loans weighing on the banking sector that were hobbling investment and growth. His comments backed forthright views...

  • BEIJING/ DHAKA, Feb 22- China's state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing- based Chinese oil executives said. A completed deal would mark China's first major energy investment in the South Asian country, where Beijing is competing with...

  • Feb 21- Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. Time Warner is the parent of cable channels HBO and CNN, as well as film studio Warner Bros. The combined Yahoo and AOL businesses will help...

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away from what was once touted as a key overseas asset...

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away what was once touted as a key overseas asset because...

  • *Soybeans up 1 pct, potential yield loss after rains in Argentina. SINGAPORE, Feb 21- Chicago soybean futures gained almost 1 percent on Tuesday as the market recovered from its lowest in more than two weeks with rains in Argentina raising concerns over potential decline in yields. The Chicago Board Of Trade most-active soybean contract rose 0.9 percent to...

  • Israel's Prime Minister Benjamin Netanyahu (centre R) and his Singaporean counterpart Lee Hsien Loong (C) inspect the guard of honour during a welcoming ceremony at the Istana presidential palace in Singapore on February 20, 2017.

    During a visit to Singapore, Israeli Prime Minister Benjamin Netanyahu said on Monday that his country was pursuing greater ties across Asia.

  • MUMBAI, Feb 20- Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money. Reliance said on Monday it had struck a partnership with Uber Technologies Inc which will help it challenge PayTM's dominance in digital...

  • How demonetization boosted digital payments in India

    Sunil Kulkarni of Oxigen talks about how electronic transactions made available through its mobile wallet helped to alleviate the impact of demonetization.

  • India takes another step towards going cashless

    Bipin Preet Singh, CEO of MobiKwik, talks about how QR codes will be implemented to drive mobile payments in India.

  • MUMBAI, Feb 17- Automation and the new U.S. administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the $150 billion industry, which rose to prominence at the turn of the...

  • Apple expanding production to India

    The tech company aims to boost its share in the mobile market, by manufacturing its lower-priced phones in Bengaluru.

  • IT service firm Accenture has announced the creation of 15,000 new jobs in the U.S. and is opening 10 innovation centers in U.S. cities.

  • *South Africa to target personal income and sin taxes. JOHANNESBURG, Feb 17- South Africa's finance minister Pravin Gordhan is likely to target income, alcohol and tobacco taxes in his Feb 22 budget to reassure rating agencies that he will gradually rein in the deficit in coming years, a Reuters poll found. "The fiscal situation is a huge challenge for the South...