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Asia Top News and Analysis India


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

    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...

  • Week ahead: Which Asian central banks will ease? Sunday, 2 Aug 2015 | 10:00 PM ET

    Asian central bank decisions are in the spotlight as policymakers debate the best course of action amid expectations of a Fed hike in September.

  • Uber taps into India Friday, 31 Jul 2015 | 10:00 AM ET
    Uber taps into India

    Uber invests $1 billion to grow its business in India.

  • NEW DELHI/ MUMBAI, July 31- Indian industrial giant Larsen& Toubro Ltd criticised on Friday the "unhurried pace" of government reforms for weakening investment in its home market, as it reported a 37 percent slide in first-quarter profit. Larsen, which makes everything from metro train lines to gas pipelines to parts for submarines, has been hoping for a rebound in...

  • NEW DELHI, July 31- Planning to inject $11 billion of capital into debt-laden state banks over the next four years, India's Finance Minister Arun Jaitley on Friday sought parliament's approval to boost budget spending by $4 billion in the current fiscal year. High levels of non-performing assets in state-run banks have made it hard for the government of Prime...

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a stake in its tower unit, attracting early interest from U.S. private equity firms as well as sector rivals, three sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier, is looking at a valuation of about $4 billion for the...

  • With almost 80 million people and annual output of some $400 billion, Iran could be the biggest economy to rejoin the global trading and financial system since Russia emerged from the collapse of the Soviet Union more than two decades ago. Iran has already outlined plans to rebuild its main industries and trade relationships, saying last week it was targeting...

  • By Mayank Bhardwaj and Krishna N. Das. NEW DELHI, July 31- India is to buy oilseeds and pulses directly from farmers for the first time this year, in addition to its existing purchases of wheat and rice, to boost production and close a supply gap that has driven its annual import bill up to $12 billion. India is the world's biggest consumer of edible oils and Prime...

  • Tracking SoftBank's strategy shift Thursday, 30 Jul 2015 | 8:20 PM ET
    Tracking SoftBank's strategy shift

    Nikesh Arora, president & COO of SoftBank, explains why the company is choosing to make larger investments in a selection of smaller but more mature businesses.

  • Quarter of Earth seen living on just one continent Thursday, 30 Jul 2015 | 1:03 PM ET
    Indian passengers stand and hang onto a train as it departs from a station on the outskirts of New Delhi.

    The Earth will be quite a bit more crowded in 2050—with nearly 2.5 billion more people than now.

  • Snapdeal: India's e-commerce in for exponential growth Wednesday, 29 Jul 2015 | 9:47 PM ET
    Snapdeal: India's e-commerce in for exponential growth

    Kunal Bahl, co-founder & CEO of Snapdeal.com, says India's e-commerce sector hasn't reached its "true potential" yet.

  • El Nino may hasten rebound in sugar prices Wednesday, 29 Jul 2015 | 11:55 AM ET

    *Sugar market to have first deficit in 6 years-Reuters poll. Drought has already begun to threaten production in number two exporter Thailand and top consumer India as weather bureaux confirm the return of the phenomenon which can lead to scorching weather across Asia and heavy rains and floods in South America. "The current drought is more severe than last...

  • *Says to restart Goa mines by October. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday it expected to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India. Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as...

  • *To restructure and downsize India operations. *To stop production at one of two plants in India. NEW DELHI, July 29- General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

  • MUMBAI, July 29- Nestle India Ltd slipped to a second-quarter loss as sales plunged after its hugely popular Maggi noodles were pulled off shelves over safety concerns. Nestle has been at the center of India's worst food scare in a decade after local regulators reported that some packets of the company's Maggi instant noodles-- one of India's most popular snacks--...