Asia Top News and Analysis India

  • *India earmarks $10.5 bln over 4 years to strengthen state banks. NEW DELHI, Sept 16- Indian Finance Minister Arun Jaitley pushed back on Friday against calls to increase the allocation of funds to recapitalise state banks saddled with the bulk of the banking sector's $120 billion in sour loans. As part of that plan, New Delhi injected 250 billion rupees into the...

  • *Bengaluru shut down after violent protests. BENGALURU, Sept 16- Oracle employees were at work on Monday when protesters entered their nine-storey building in India's technology hub, Bengaluru, and asked them to leave in support of demonstrations that had erupted across the city over a water dispute. A spokeswoman for Oracle in India said no one was available to...

  • *India tops China as No.1 Iran crude buyer with record volume. SINGAPORE/ TOKYO, Sept 16- Iran's August crude oil exports jumped 15 percent from July to more than 2 million barrels per day, according to a source with knowledge of its tanker loading schedule, closing in on Tehran's pre-sanctions shipment levels of five years ago. The strong demand for Iran's crude in...

  • *Bengaluru shut down after violent protests. BENGALURU, Sept 16- Oracle employees were at work on Monday when protesters entered their nine-storey building in India's technology hub, Bengaluru, and asked them to leave in support of demonstrations that had erupted across the city over a water dispute. A spokeswoman for Oracle in India said no one was available to...

  • Slush's event in Tokyo, May 2016

    Three stages, colorful lasers, live performances, video projections, and a secret after-party. This is no music festival, it's a tech event.

  • David Bonderman, founding partner of TPG Capital

    Private equity boss David Bonderman says regulators in emerging markets are often better qualified and more pragmatic than their U.S. peers.

  • *Bengaluru shut down after violent protests. BENGALURU, Sept 16- Oracle employees were at work on Monday when protesters entered their nine-storey building in India's technology hub, Bengaluru, and asked them to leave in support of demonstrations that had erupted across the city over a water dispute. A spokeswoman for Oracle in India said no one was available to...

  • MUMBAI/ NEW DELHI, Sept 15- India's finance ministry swatted down a media report on Thursday of a possible devaluation of the rupee, dismissing lobbying by struggling exporters seeking a competitive boost from a cheaper currency. At 0900 GMT, it traded off the day's lows at 67.00, weaker than Wednesday's close of 66.8875/ 8975.. A policymaker stressed that the...

  • MUMBAI/ NEW DELHI, Sept 15- The Indian rupee fell abruptly on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to promote dwindling exports, but trimmed losses after a finance ministry denial. The finance ministry denied that the government was discussing a possible devaluation of the rupee, whose...

  • THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Kenya central bank Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed. Speakers: Hungarian central bank Governor Gyorgy Matolcsy, Deputy Governor Marton Nagy, Hungarian Banking Association Chairman Mihaly Patai and Hungarian...

  • THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Central Bank of Kenya Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed. LONDON- Bank of England interest rate decision- 1100 GMT. BERNE- Swiss National Bank monetary policy assessment- 0630 GMT.

  • THURSDAY, SEPTEMBER 15 LONDON- Kenya-UK Trade and Investment Forum featuring Central Bank of Kenya Governor Patrick Njoroge, Kenya Finance Minister Henry Rotich and Foreign Minister Amina Mohamed. LONDON- Bank of England interest rate decision- 1100 GMT. BERNE- Swiss National Bank monetary policy assessment- 0630 GMT.

  • ECB governing council member Ewald Nowotny, Central Bank of Iceland Governor Mar Gudmundsson and De Nederlansche Bank President Klaas Knot to speak. LONDON- Bank of Canada Senior Deputy Governor Carolyn Wilkins speaks at OMFIF, with the focus expected to be on the long-term strategy for economic growth and its implications for financial stability- 1015 GMT.

  • NYSE Trader looking at screen intensely

    Most blame it on crude, down earlier on a report that says the world supplied with oil, and that demand will not be as strong.

  • *Trade body estimates losses of up to $3.74 billion. At least one person was killed in clashes between protesters and police that erupted after the Supreme Court ordered the southern state of Karnataka to divert some water from the Cauvery river to neighbouring Tamil Nadu state. This week's disturbances, in which dozens of vehicles were set on fire, have been the...

  • BENGALURU, Sept 13- Indian and foreign technology companies including global outsourcing firm Accenture closed offices and told staff to stay at home in the technology hub of Bengaluru on Tuesday after riots over the diversion of water from a river. Businesses in Bengaluru have faced four days of disruption this month because of protests about the water...

  • Low oil price not enough to adjust fundamentals: Pro

    Matthew Parry, senior oil analyst at IEA, discusses the global oil market, which has been affected by industrial slowdowns in China and India - as well as OPEC supply gains.

  • Indian Prime Minister Narendra Modi (C) on the second day of the Association of Southeast Asian Nations (ASEAN) Summit in Vientiane on September 7, 2016

    As foreign investment in India gets back on track, Modi's attention has switched to China and Pakistan.

  • BENGALURU, Sept 12- At least one person was killed and another wounded when police opened fired to quell rioting that erupted in the Indian technology hub of Bengaluru on Monday over a long-running river water dispute with the neighbouring state, an official said. Fifteen policemen were wounded after protesters set cars and buses on fire and pelted people with...

  • BENGALURU, Sept 12- Riots broke out in the Indian technology hub of Bengaluru on Monday over a long-running river water dispute with the neighbouring state, with protesters setting cars and buses on fire and pelting people with stones. Riot police took to the streets, and public gatherings were banned in a bid to rein in the unrest, while police said the local metro...