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May, 25, 2016

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Business > Asia > India
A trade fair in India held by the Taiwan External Trade Development Council (TAITRA), Taiwan's main trade promotion body, ended Saturday after attracting a record number of visitors and generating record business, according to the organizers.
 
Smartphone-makers are in a race to the bottom of India's economic pyramid as they battle for customers in the fast-growing low-end market segment where analysts say opportunities are vast.
 
Indian Prime Minister Narendra Modi on Tuesday sought to reassure investors that his reformist agenda would translate into better governance for Asia's third-largest economy.
 
"Wizard of Oz" heroine Dorothy only had to click her ruby red slippers together and they would spirit her home to Kansas.
 
India's anti-trust watchdog has fined 14 automakers a total of US$420 million for restricting competition in the spare parts market and driving up prices, a official said Tuesday, a few days after Chinese regulators took similar action.
 
Prime Minister Narendra Modi Friday said a "digital India" could compete with the world and hailed its IT professionals for banishing the country's image as a land of snake charmers and black magic.
 
India has defended its decision to scuttle a landmark worldwide trade deal, saying its farmers faced suicide and starvation if the government had backed down on its tough stand at the WTO.
 
India's central bank says it sees signs of recovery in Asia's third-largest economy even though the monsoon season, which is crucial for agriculture, had a weak start.
 
Indian Prime Minister Narendra Modi announced Sunday a US$1 billion concessional line of credit for Nepal to use for development, including building hydropower plants in the energy-starved Himalayan nation.
 
Indian tycoon Subrata Roy, seeking to raise US$1.6 billion to win release from jail, has "interested" potential buyers for his iconic foreign properties that include New York's Plaza Hotel, a company official said on Saturday.
 
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