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MUMBAI (NewsRise) -- Billionaire Mukesh Ambani's Reliance Industries said its wireless venture Reliance Jio Infocomm posted an operating profit in the first quarter of its commercial operations, after triggering a price war that shook India's teleco

MUMBAI (NewsRise) -- Indian shares recorded their best weekly gain in three months, with the Nifty index hitting a record high on Friday, driven by advances in index heavyweights Bharti Airtel and Reliance Industries.The benchmark BSE Sensex gained

MUMBAI -- India's plan to beef up its insolvency and bankrupcty law to tackle mounting bad debts has won initial praise from analysts.The government invited public comment earlier this week on draft rules extending the insolvency resolution processe

MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday, helped by a rally in Singapore shares after better-than-expected third-quarter economic growth in the city-state.Samsung Electronics declined as record earnings were overshadowed by the

TOKYO -- SoftBank Group is launching an ambitious project to build a huge power transmission network stretching over six countries in Asia.Even Son Masayoshi, the hard-charging CEO of the telecom and internet conglomerate, who is known for boasting

TOKYO -- Nippon Life Insurance Group's Indian asset management arm will make its stock market debut in that country next month, looking to fund expansion as India's middle class puts more of its money in the market.Reliance Nippon Life Asset Managem

MUMBAI -- Tata Group has decided to sell its troubled consumer telecom businesses to India's largest mobile services provider Bharti Airtel for an undisclosed sum, making it the latest casualty of the fierce competition in the country's telecommunic

MUMBAI (NewsRise) -- Tata Consultancy Services, India's largest software exporter, posted a better-than-expected second-quarter net income as a surge in investments in new digital technologies fueled growth in revenues.The company, known as TCS, sai

MUMBAI (NewsRise) -- Indian shares rose, helped by gains in heavyweight Reliance Industries ahead of its quarterly earnings. Overnight advances on Wall Street also boosted Asian equity markets.The benchmark BSE Sensex added 1.1%, or 348.23 points, t

MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, helped by a rally in Taiwanese companies and overnight gains on Wall Street.The Nikkei Asia300 Index rose 0.7% to 1,345.96.All the three major U.S. indexes climbed to records on Wedne

For the last few years, the global economy has been oscillating between periods of acceleration (when growth is positive and strengthening) and periods of deceleration (when growth is positive but weakening). After over a year of acceleration, is th

For the technology creative classes, global politics might not be as big of a deal as we imagine.While Japanese Prime Minster Shinzo Abe and Chinese President Xi Jinping remain at odds over several unresolved regional issues, digital innovators in T

NEW DELHI/MUMBAI With India's biggest festival, Diwali, just around the corner, the country's e-commerce sites have been letting the discounts flow. Homegrown Flipkart and global giant Amazon, the two market leaders, say they are ringing up strong s

HONG KONG Despite escalating threats from its northern neighbor, South Korea saw its manufacturing condition pick up on stronger domestic demand and output last month. But analysts remain cautious about the country's economic outlook as the ongoing

The Indian Ocean, with its crowded and in some cases contested sea lanes, is becoming the focus of international maritime rivalry as various powers joust for advantage and influence in one of the global economy's most vital transit routes.As if to h

NEW DELHI - "What's Diwali without fireworks?" asked a customer while buying firecrackers for his kids from a shop in New Delhi to celebrate India's biggest festival on Oct. 19.Accompanied by his wife and two young children, he was reacting to the I

MUMBAI (NewsRise) -- Tata Consultancy Services, Infosys, and Wipro, India's three biggest software exporters, are likely to report weaker profit and revenue in July-September, as demand for outsourcing services remains sluggish in the U.S., their bi

MUMBAI (NewsRise) -- Indian shares gave up early gains to end lower on Wednesday, dragged down by losses in banks, as investors turned cautious ahead of quarterly earnings.The benchmark BSE Sensex lost 0.3%, or 90.42 points, to close at 31,833.99, w

MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, as heavyweight Samsung Electronics extended gains ahead of its preliminary third-quarter earnings.The Nikkei Asia300 Index rose 0.7% to 1,337.13.Asian equities also got a boost from

NEW DELHI (Reuters) -- Indian ride-hailing firm Ola said on Wednesday it has raised $1.1 billion from investors led by China's Tencent Holdings and Japan's SoftBank Group and is in advanced talks with other investors for another $1 billion.Ola and r