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  • Why did China weaken the yuan? Our charts explain Wednesday, 12 Aug 2015 | 4:04 PM ET
    A woman trades money at a currency exchange at Haneda Airport in Tokyo, Aug. 12, 2015.

    The U.S. dollar is up 20 percent over the last year. That's not good for Chinese exporters.

  • "They should get together and pass this very beneficial reform for the country," Adi Godrej, chairman of Godrej Group, told Network 18 on Wednesday. But the opposition Congress party Modi defeated in a general election last year seems determined not to give him any victory ahead of his annual Independence Day speech on Saturday, not even support for a bill it...

  • BEIJING, Aug 12- The Chinese yuan is expected to weaken by about one percent in the coming year after the central bank stunned global markets this week by devaluing the currency by the most in 21 years, a Reuters poll showed on Wednesday. A moderately weaker yuan is not likely to provide much of a lift to China's struggling export sector, though persistent weakness...

  • "They should get together and pass this very beneficial reform for the country," Adi Godrej, chairman of Godrej Group, told Network 18 on Wednesday. But the opposition Congress party Modi defeated in a general election last year seems determined not to give him any major victory ahead of his annual Independence Day speech on Saturday, not even support for a bill it...

  • *India needs new warplanes to upgrade aging air force. Two senior Indian defense officials told Reuters that both sides were wrangling over the unit price of the aircraft and a condition that planemaker Dassault Aviation invest a big percentage of the value of the multi-billion dollar contract in India. That followed three years of commercial negotiations...

  • Yuan devaluation may be bad news for India: Pro Tuesday, 11 Aug 2015 | 11:44 PM ET
    Yuan devaluation may be bad news for India: Pro

    Jigar Shah, CEO of Maybank Kim Eng Securities, says the yuan's sharp depreciation will likely affect Indian manufacturers and spark a competitive devaluation in the rupee.

  • SINGAPORE/ LONDON, Aug 11- Global policymakers, including those at some of Asia's most intervention-minded central banks, are holding the line on their currency policies after China's surprise devaluation of the yuan. But so far policymakers from South Korea, India, Indonesia and Japan see no reason for tit-for-tat trade-war policies. China is its largest...

  • SINGAPORE/ LONDON, Aug 11- Global policymakers, including those at some of Asia's most intervention-minded central banks, are holding the line on their currency policies after China's surprise devaluation of the yuan. But so far policymakers from South Korea, India, Indonesia and Japan see no reason for tit-for-tat trade-war policies. China is its largest...

  • SINGAPORE, Aug 11- Some of Asia's most interventionist central banks are for now holding their nerve on currency policy after a major devaluation in the currency of one of their top trading partners, China. Even as market participants pushed the yuan down further to test a 2- percent daily limit, policymakers from South Korea, India, Indonesia and Japan said they...

  • SAN FRANCISCO Aug 10- Google Inc announced a major shake-up of its operating structure on Monday, creating a holding company called Alphabet which will contain subsidiaries to separate its core web advertising business from newer ventures like driverless cars. Maybe it's better to sort them out a bit and make it clearer which ones are bringing in the bacon and...

  • MUMBAI, Aug 10- India's central bank governor Raghuram Rajan may have reshaped monetary policy and brought down consumer inflation to the lowest in years, but convincing people like housewife Shaila Pai that prices are under control is proving a tough challenge. Entrenched expectations of high inflation in India are feeding into higher wages and other...

  • NEW YORK, Aug 7- Top Wall Street banks still expect the Federal Reserve to raise interest rates in September, but a growing number now believe the central bank is likely to only hike once this year, a Reuters poll found on Friday. "If we continue to get this type of trend-like data, we will get a hike next month," said Joe LaVorgna, chief U.S. economist at Deutsche Bank.

  • BHUBANESWAR/ NEW DELHI, Aug 7- India's National Aluminium Co Ltd wants to set up an aluminium smelter and an associated power plant in Iran worth as much as $2.6 billion, its boss said, once sanctions against the country start to be lifted. Tapan Kumar Chand will meet with India's foreign ministry officials and the ambassador of Iran in New Delhi next week to take...

  • MUMBAI, Aug 6- Mumbai's commercial seaport, which handles over half the container traffic through India's major ports, is doubling capacity as Prime Minister Narendra Modi seeks to build an export powerhouse. The expansion, due to be completed in seven years, can't come quickly enough for Avinash Gupta, whose family business supplies steel forgings to Europe...

  • The world's most valuable start-up is... Wednesday, 5 Aug 2015 | 12:48 PM ET
    Entreprenuer

    The world's most valued start-ups include Airbnb, SpaceX, Uber and Snapchat, The Wall Street Journal reports. Guess which is number one?

  • MUMBAI, Aug 5- Nestle SA's Maggi noodles comply with food safety standards, authorities in India's Goa state said, in the first such ruling since the popular instant snack was pulled from stores after another state lab reported high lead content. Nestle was drawn into its worst crisis in India when food safety inspectors in Uttar Pradesh found high lead content...

  • How is India similar to Southeast Asia? Tuesday, 4 Aug 2015 | 11:41 PM ET
    How is India similar to Southeast Asia?

    Saurabh Mukherjea, CEO, Institutional Equities at Ambit Capital, says India shares similarities with Southeast Asia in terms of lagging reforms and slower economic growth.

  • A worldwide slump in industry lies behind this year’s tumble in precious and base metal prices, a commodities expert has told CNBC.

  • *Deal to mark Alibaba's first direct investment in India. BEIJING, Aug 3- Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China's Alibaba Group Holding Ltd, three people familiar with the matter said on Monday. Snapdeal, Japan's SoftBank, Alibaba and Foxconn declined comment.

  • BEIJING, Aug 3- Indian online marketplace Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday. Alibaba and Foxconn declined to comment. Alibaba affiliate Ant Financial Services Group in February...