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Asia Top News and Analysis India

  • MUMBAI, April 21- Shares in HDFC Bank, India's second-biggest lender by assets, hit a record high on Friday thanks to higher than expected quarterly profit and a stable bad loans portfolio. Net profit rose 18.3 percent from a year earlier to 39.9 billion rupees for its fiscal fourth-quarter to March 31, HDFC Bank said, slightly ahead of analysts' estimate of 39.56...

  • April 20- A U.S. regulatory agency told Texas and Arizona that more than a thousand vials of drugs they ordered for executions in their states from India in 2015, and seized by U.S. The Food and Drug Administration notified the Texas Department of Criminal Justice and the Arizona Department of Corrections that their confiscated shipments of sodium thiopental...

  • April 20- A U.S. regulatory agency told Texas and Arizona that more than a thousand vials of drugs they ordered for executions in their states from India in 2015, and seized by U.S. Officials in Texas and Arizona were not immediately available for comment. "My office will not allow the FDA to sit on its hands and thereby impair Texas responsibility to carry out its...

  • Rajan: US economy is strong relative to potential

    At the IMF & World Bank Spring meetings, Former Reserve Bank of India Governor Raghuram Rajan speaks with CNBC's Sara Eisen about the state of the global economy.

  • *China 2017 GDP growth seen at 6.5 pct, 6.2 pct in 2018. *Most polling conducted before Q1 GDP data released April 17. BEIJING, April 20- China's economic growth is expected to slow to 6.5 percent in 2017, as the government seeks to cool the property sector and temper credit growth to contain risks from a dangerous build-up of debt, a Reuters poll showed.

  • *China 2017 GDP growth seen at 6.5 pct, 6.2 pct in 2018. BEIJING, April 20- China's economic growth is seen slowing to 6.5 percent in 2017 despite a strong start to the first quarter, as the government seeks to cool the property sector and temper credit growth to contain risks from a dangerous build-up of debt, a Reuters poll showed. But as Beijing looks to put the economy...

  • April 19- Egypt's economy is expected to grow 4.0 percent in the 2016/ 17 fiscal year ending in June, broadly in line with the finance minister's latest projection of 3.8 to 4 percent, a Reuters poll showed on Wednesday. The government has announced a sleuth of reforms including a currency float, fuel subsidy cuts and a value-added tax in an effort to bolster the...

  • A volunteer prepares bamboo poles while building makeshift school buildings in Champi, Kathmandu Valley, Nepal, on May 29, 2015.

    The use of bamboo in construction can help emerging nations simultaneously tackle infrastructure investment and renewable resources.

  • SYDNEY, April 19- Australia and New Zealand have tightened visa conditions for skilled migrants in a bid to woo nationalist-leaning voters, echoing the United States' "America First" policy, but critics have decried the move as mostly political posturing. New Zealand also tightened access to skilled work visas, taking a "Kiwis-first approach."

  • MUMBAI, April 19- Sugar output in Maharashtra, one of India's key producing states, will likely jump nearly 70 percent in 2017/ 18 to 7 million tonnes as ample rainfall drives farmers to plant more cane, an industry body told Reuters. "Farmers have raised area under cane for the next season as rainfall was satisfactory across the state," said B.B. Thombre, president of...

  • One of the first acts of the new government in India's most populous state following last month's election triumph of Prime Minister Narendra Modi's Bharatiya Janata Party was to keep a promise to provide debt relief to 21.5 million farmers. "This will spread like a contagious disease to most parts of the country and you will very soon see at least 3-4 states...

  • *India- based outsourcing firms could be hit if program changes. *Silicon Valley makes heavy use of foreign STEM workers. KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice that possible changes may be ahead. Seeking to carry out a campaign pledge to put " America First," Trump signed an executive...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the United States, as he tries to carry out his campaign pledges to put " America First." In the document, known to the White House as the "Buy American and Hire American" order, Trump also seeks...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the United States, as he tries to carry out his campaign pledges to put " America First." He will also use what the White House called the "Buy American and Hire American" order to seek changes...

  • WASHINGTON, April 18- President Donald Trump on Tuesday will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the United States, as he tries to carry out his campaign pledges to put " America First." He will also use what the White House called the "Buy American and Hire American" order to seek changes...

  • *Pursued over unpaid loans tied to defunct airline. MUMBAI/ NEW DELHI, April 18- Flamboyant businessman Vijay Mallya, pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, was arrested in London on Tuesday and appeared in court for an extradition hearing. India had asked Britain to extradite Mallya to face trial after the...

  • President Donald Trump on Tuesday will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the United States to fill high-skilled jobs. Two senior Trump administration officials who briefed reporters at the White House said Trump will also use the "buy American and hire...

  • NEW DELHI— British police on Tuesday arrested Indian business tycoon Vijay Mallya in London on behalf of authorities in India, where he is wanted on charges of money laundering and bank demands that he pay back more than a billion dollars in loans extended to his now-defunct airline. "Mallya will be brought back to India. India's Enforcement Directorate, now...

  • NEW DELHI— British police say they have arrested Indian business tycoon Vijay Mallya in London on Indian fraud charges.