India

The new factory can make 3,000 cash-recycling ATMs per month. (Photo courtesy of Hitachi Terminal Solutions)
Companies

Hitachi unit triples India ATM output with new factory

Local hiring and procurement plans aim to win over customers

31 January 2023
Workers sit on a cart at a wholesale market in the old quarters of Delhi on Dec. 7.
Economy

India and ASEAN growth to slow in 2023 as interest rates rise: IMF

China expected to rebound after historically sluggish 2022, but COVID risks still loom

31 January 2023
"It is tremendously concerning that the statements of an entity sitting thousands of miles away ... [have] caused serious and unprecedented adverse impact on our investors," Adani officials wrote, hitting back at Hindenburg Research.
Adani Group

Adani sell-off grows to over $65bn in wake of short-seller attack

Group's flagship company is due to close secondary share sale on Tuesday

30 January 2023
Narendra Modi in Mumbai on Jan. 19: New Delhi should lower its tax rates, widen its tax net and plug loopholes in the tax system.
Opinion

Raising taxes on the rich will not help India

Discounted rates for big companies should be extended to small businesses

30 January 2023
Workers build a flyover in Kolkata: Some economists expect India's upcoming budget to include higher capital outlays to benefit employment-generating sectors like construction.
Economy

India budget expected to mix populism, prudence before 2024 polls

Modi government to unveil package Wednesday, laying groundwork for next 25 years

30 January 2023
Soaring prices across the globe following Russia's invasion of Ukraine and rapid interest rate hikes have prompted investors to shy away from bets on young companies. (Nikkei montage/AP/GoTo)
Market Spotlight

Grab, Coupang shares rebound as investors cheer cost-cutting

IPO prospects remain uncertain despite gains by Asian tech stars

30 January 2023
BYD India Senior Vice President Sanjay Gopalakrishnan, right, at the unveiling of the company's Atto 3 electric SUV at India's Auto Expo 2023.
Your Week in Asia

BYD's EV debut in Japan, Samsung results, ASEAN foreign ministers meeting

Your weekly lineup of Asia's biggest business and political events

29 January 2023
Indian Prime Minister Narendra Modi and Indonesian President Joko "Jokowi" Widodo in Bali, Indonesia, on Nov. 16, 2022. Modi is managing "to amplify the voice" of India.
Comment

Why India as new superpower could spell trouble for the West

World's largest democracy drifts away from ideal as its power grows

29 January 2023
A crumbling home in Joshimath on Jan. 13: Land subsidence is displacing families as well as raising potential security implications in the Indian town.
Natural disasters

India's 'sinking' sacred town near China border faces dark future

Critics say ill-advised development compounds Joshimath's geological risks

28 January 2023
The Adani Group has dismissed a short-seller report against it as "baseless."
Adani Group

Sell-off in India's Adani deepens to $48bn after short-seller report

Conglomerate pushes ahead with secondary share sale to retail investors

27 January 2023
Headspring President Osamu Hoshino, left, with Jaisal Singh, vice chairman of Anand Group's executive board. (Photo obtained by Nikkei)
Automobiles

Japan chip startup forms EV parts joint venture in India

Headspring and Anand look to supply Indian and European automakers

27 January 2023
Samsung Electronics' smartphone manufacturing facility in Noida: Samsung is engaged in a dispute with the government over how much it is owed under the PLI program.
Opinion

India will win more foreign investment if it opens up to trade

Ease of importing components enhances attraction of Southeast Asia

26 January 2023
Indian Prime Minister Narendra Modi, right, shakes hands with Egyptian President Abdel Fattah el-Sissi before the start of their meeting in New Delhi on Jan. 25.
International relations

India and Egypt to promote trade and investment, fight terrorism

Modi, el-Sissi concerned by disruptions to food supplies and other resources

26 January 2023
Jaguar Land Rover turned profitable in the October-December quarter, helping drive Tata Motors to a group profit.
Automobiles

Tata Motors swings to profit but warns 'scorching' growth will cool

Jaguar Land Rover parent beats estimates for October-December earnings

26 January 2023
Shares in Adani Group companies have been hit by a Hindenburg Research report.
Adani Group

Adani shares drop as Hindenburg bets against Indian conglomerate

Group dismisses report by short-seller as 'baseless'

25 January 2023
Tight supply, accompanied by increased demand as China reopens, could cause a global shortage of cotton.
Commodities

Cotton market faces price hike risk on Pakistan supply woes

Possible export limits in India and drought in U.S. compound worries

25 January 2023
Commuters in Mumbai watch videos on their mobile phones. Prime Minister Narendra Modi has been pushing for self-reliance to boost and promote everything from local manufacturing to domestic startups.
Technology

India tests domestic operating system after Google antitrust setback

BharOS developed by startup incubated at government-owned institute

24 January 2023
Founded in 2015, India's Log9 plans to pursue pilot projects overseas. (Source image from Log9 Facebook page)
DealStreetAsia

Indian battery startup Log9 gets recharged with $40m in funding

Company plans to to boost production capacity, look abroad

24 January 2023
China and India are both planning to invest in the development and modernization of Bangladesh's Mongla port. (Port photo courtesy of Mongla Port Authority website)
International relations

Archrivals China, India move in to fund same Bangladesh port

Officials insist powers 'will not collide'; others warn of contest for influence

24 January 2023
Laborers carry sacks of flour in the main market of Colombo in November. Sri Lanka is seeking to finalize a $2.9 billion bailout from the IMF.
Sri Lanka crisis

IMF confirms India assurances on Sri Lanka debt needed for bailout

Fund 'engaged' with other creditors for similar pledge as all eyes turn to China

24 January 2023
Amazon Air, which started in the U.S. in 2016, has since expanded to 70 locations. The company now plans to deliver products to large markets such as Delhi, Bengaluru, Mumbai and Hyderabad.
Transportation

Amazon launches air cargo service in crucial India market

E-commerce giant has already opened up its logistics network to other sellers

23 January 2023
An oil refinery in Vadinar, Gujarat in 2016: The state's growth is due in part to producing goods that are in demand globally.
Opinion

India cannot depend on just one state to achieve its export goals

Other governments need to study Gujarat's strategies for success

23 January 2023
A stockbroker and her family attend an event in Mumbai. NTT plans to invest more in India's digital infrastructure.
Telecommunication

NTT to invest $500m a year in India for data centers, other tech infrastructure

Japanese telecom group also plans undersea cable stations in Mumbai, Chennai

21 January 2023
PhonePe plans to beef up its infrastructure, develop data centers and build financial services offerings.
DealStreetAsia

PhonePe raises $350m, now one of India's most valuable fintechs

Private equity firm General Atlantic leads fresh round of funding

20 January 2023
Google suffered a defeat in India's top court as it sought to overturn an antitrust ruling against it.
Technology

India's top court rejects Google plea to block Android ruling

U.S. tech giant must pay $161m fine and curb restrictions on pre-installed apps

20 January 2023