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Asia Top News and Analysis India

  • 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...

  • India’s central bank is determined to look through headline inflation figures and focus on core trends to meet its medium-term target.

  • MUMBAI, Feb 17- Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the Indian central bank meeting last week. Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signaling an end to India's...

  • The new iPhone SE is displayed during an Apple special event at the Apple headquarters on March 21, 2016 in Cupertino, California.

    Apple's move comes as it seeks to boost its share in the world's fastest growing major mobile market.

  • MUMBAI, Feb 17- Denny Jose, a small-town caterer in the southern Indian state of Kerala, was closely watching the Indian central bank meeting last week. Newspapers and markets were forecasting the Reserve Bank of India would cut its key rate by a quarter of a percentage point. But the RBI held rates and moved to a "neutral" policy stance, signaling an end to India's...

  • BEIJING, Feb 16- Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves. Investment by Chinese firms in offshore properties-- which has helped fuel sharp and often contentious home price rises...

  • BEIJING, Feb 16- Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves. Investment by Chinese firms in offshore properties-- which has helped fuel sharp and often contentious home price rises...

  • BENGALURU, India Feb 15- India and Russia are nearing a joint venture to make light helicopters in India, reviving a plan announced by Russian President Vladimir Putin in 2015.. While India has sealed deals with the United States for 22 Apache attack and 15 heavy lift Chinook helicopters at total cost of about $2.5 billion, plans to buy Russian helicopters and...