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Asia Top News and Analysis India


  • 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 banks get creative to collect $49B in bad debts Thursday, 23 Jul 2015 | 12:26 AM ET
    India's Reserve Bank Governor Raghuram Rajan (L) speaks with India's Finance Minister Palaniappam Chidanbarum during the opening session of the the G20 Finance Ministers and Central Bank Governors round table meeting on February 22, 2014 in Sydney, Australia.

    Under pressure to cut a $49 billion bad-debt mountain, India's state-owned banks are reversing years of lax recovery efforts with creative collection tactics.

  • Why Religare Capital is bullish on India Tuesday, 21 Jul 2015 | 11:42 PM ET
    Why Religare Capital is bullish on India

    On his recent trip to India, Gautam Trivedi, CEO of Religare Capital Markets, noticed that the monsoon has had a smaller-than-expected impact on the country's rural areas.

  • Interesting FX moves in Indonesia and India Tuesday, 21 Jul 2015 | 10:49 PM ET
    Interesting FX moves in Indonesia and India

    Claudio Piron, head of Asia FX research at Bank Of America Merrill Lynch Global Research, says the rupiah and the rupee, which are perceived to be riskier currencies, are seeing less option volatility.

  • 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...

  • NEW DELHI, July 20- India's Prime Minister Narendra Modi began work with unions and employers on Monday to build support for the biggest shake-up of labour laws in decades, in an attempt to revive a reform agenda that has suffered setbacks ahead of a key parliamentary session. "Unless there is clarity on reform proposals investors are not keen to pump in new money,"...

  • July 20- Morgan Stanley reported a better-than-expected second-quarter profit on Monday as its business that trades bonds and equities handily outperformed those of its Wall Street rivals. Morgan Stanley, the last big U.S. bank to report for the quarter, said its net income from continuing operations applicable to the company fell to $1.67 billion, or 85 cents...

  • July 20- Morgan Stanley reported an 8.5 percent fall in quarterly profit, hurt by a rise in compensation costs and as the sixth-largest U.S. bank by assets set aside more money to cover taxes. Morgan Stanley, the last big U.S. bank to report second-quarter earnings, said its net income from continuing operations applicable to the company fell to $1.67 billion, or 85...

  • Will Asia disrupt energy financing? Sunday, 19 Jul 2015 | 7:27 PM ET
    A man boats in the Jiaxing, Zhejiang province of China, which built its first solar power station above a 160,000-square-meter fishpond.

    Faced with a yawning energy deficit and a need to protect against climate change, Asia is looking at fresh ways to finance a shift toward renewables.